Shiba Inu: How Many Years Will SHIB Take

To Reach $1?

The Shiba Inu team confirmed on Monday

that the Shibarium layer-2 network will

begin burning SHIB tokens from January

2024. Read here to learn more details

about how many SHIB tokens will be

burned by Shibarium every year for a

better and in-depth understanding.

According to the latest blog, 70% of the

transaction fees initiated on Shibarium will

be used to burn SHIB tokens. The rest 30%

of the funds will be used to maintain the

network helping it to run smoothly and

efficiently.

Shibarium will collect fees in the

governance Bone token, which is used:

gas to conduct transactions on the

network. Bone tokens will then be

converted into SHIB automatically after it

reaches a threshold of $25,000 in value.

After the conversion is completed,

Shibarium will burn SHIB tokens and

permanently remove it from circulation.

However, now that Shibarium is confirmed

to burn SHIB tokens, is there a possibility

for Shiba Inu to reach $1? In this article,

we will highlight how many years it could

take for Shiba Inu to hit the $1 mark

through burns from Shibarium.

Shiba Inu: How Long For SHIB To Reach

$1?

If everything goes right and assume that

Shibarium burns 3 trillion tokens every

year, it would still not make SHIB reach $1

in our lifetime. The dynamics here come

into play differently as the supply would

remain plenty with demand being scarce

For the context, Shiba Inu has 589 trillion

tokens in circulation and hardly just 1.3

million holders.

The adoption is not

catching up with the circulation making its

price to either dip or remain constant.

In conclusion, even if Shibarium burns 3

trillion SHIB tokens every year, it would

take 98 years for Shiba Inu to reach $1.

That's simply not possible in our lifetime.

However, if Shibarium manages to burn

more than 100 trillion tokens per year, only

then could Shiba Inu have any chances of

hitting $1 before our lifetime.