🔥 Will the story of 99% destruction repeat itself with Puppies?
Recently, Shiba Inu Coin (SHIB) has become a hot topic in the crypto world again due to its aggressive burn mechanism. In just a few days, the burn rate of SHIB surged by 6220%, with 410 trillion tokens disappearing from the market, leaving only 541 trillion in circulation supply. However, can such a large-scale burn really help SHIB rise to the dream price of $1?
As previously mentioned, $Puppies also has similar characteristics driven by emotional consensus. Although it doesn't have a burn plan like SHIB, the buzz and scarcity potential behind it might be equally appealing.
The Double-Edged Sword of Burning Kusama, the chief developer of SHIB, mentioned that over-reliance on burning could pose risks: if prices rise too quickly, investors may pull back, and market enthusiasm could wane. Similarly, for $Puppies to maintain its growth momentum, scarcity (such as controlling supply) and practicality (like developing more applications) need to be balanced.
Unique Opportunities for Puppies Although $Puppies lacks application scenarios, it has already attracted enough traffic through Musk's endorsements and multiple interactions with its mother. This gives it the potential to develop further with community support, just like SHIB. However, whether it can find a similar 'balance point' will determine if it can become the next phenomenon-level token.
Conclusion: The burning craze of SHIB is both an inspiration and a challenge. $Puppies may learn from this path to success, but to truly seize this wave of enthusiasm, the key lies in how to showcase its long-term value to the market, rather than just the short-term effects driven by emotions. Do you think $Puppies will be the next miracle?
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$BOME I am a college student. I lost 2000U on Bome. Damn, this dealer is really cruel. What a painful realization. Contract trading is worse than buying local dogs. I have 260U left. I put them all into $puppies. I hope the little puppy can help me get my money back. #puppies,一级市场难得的金狗
$DOGE #puppies $puppies Musk tweeted: I love puppies And it comes with a picture of a dog. Who in the currency circle doesn’t like puppies? This is the floki of 2024! Ethereum chain: 0xcf91b70017eabde82c9671e30e5502d312ea6eb2 Market value is $1 million! The LOVE series that Lao Ma has milked before. The market value of I LOVE BOB exceeds 100 million, and the market value of I LOVE ladies exceeds 100 million. Now it’s I LOVE puppies. There is still room for a hundred times the market value to exceed 100 million!