Big Event! 99% of SHIB Tokens to be Burned? 🔥🔥🔥
Currently, the market value of SHIB has reached 15 billion dollars, and the rate of token burning is rapidly increasing! If 99% of SHIB is burned, could the price leap to 1 dollar? Or would this lead to the collapse of the entire SHIB ecosystem?
Recently, the burning process of SHIB has been as fierce as a storm, with the amount burned skyrocketing by 6220% in just a few days. Originally, there were 999 trillion SHIB tokens, and now 410 trillion have been burned, leaving 541 trillion tokens in circulation.
SHIB's chief developer, Kusama, stated that while he technically supports large-scale burns, he believes that burning is not a cure-all. SHIB's ecosystem projects, such as DeFi, are also crucial. He warned that if burning happens too quickly, the price of SHIB might soar to levels that cause panic among buyers, leading to a decrease in market activity and, consequently, impacting SHIB's development. To realize maximum potential, a proper balance must be found between burning and other development measures.
Currently, SHIB's price continues to rise, and experts are optimistic about its prospects. Technical analysis indicates that as long as a certain key point is breached, the price is expected to rise to 0.000045 dollars. However, to push towards 1 dollar, the SHIB community must find the best balance between burning tokens and optimizing projects like Shibarium.
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