đ„đ SHIB is on fire with automatic burning soaring to new heights!
Will it hit $0.01 or $0.001?
Shiba Inu has its sights set on either $0.01 or $0.001, fueled by regular token burns and manual removal from circulation. Now, with plans for an automatic burning mechanism in the works, the token aims to surge to new milestones in the future.
Based on supply changes, optimistic forecasts suggest it could take up to four years for SHIB to reach $0.001.
The introduction of Shibarium, the Layer 2 network, has facilitated millions of transactions since late November 2023, enhancing token burning capabilities with increased usage.
Recent burning activities have been robust:
December 4, 2023: 8.24 billion SHIB tokens worth $75,241 were lost.
December 23, 2023: A staggering 33.8 billion SHIB tokens were burnt.
January 9, 2024: Another 9.93 billion tokens were removed.
With the current supply at 581.2 trillion tokens, the burning process, along with token demand, is crucial. Automated burning could potentially eliminate 9 trillion SHIB tokens annually, paving the way for significant supply reduction and price appreciation.
In three years, experts predict that 50% of the supply will vanish, propelling the price to $0.0000183. By 2027, an optimistic projection sees SHIB reaching $0.0000549.
In four years, with 182.5 trillion tokens remaining, the market value could surge to $5.3 billion at $0.0000293 per token.
Achieving $0.001 is within reach with a market cap of $182 billion, or potentially even higher if it hits $182 trillion.
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