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Shiba Inu: How Can Shibarium Burns Impact Its Price?

The launch of Shibarium on the mainnet in August 2023 brought great excitement to the Shiba Inu community. However, it wasn’t until late November that the layer-2 network started gaining significant adoption, with over 20 million transactions processed in just three days. This surge in usage paved the way for one of the most anticipated features of Shibarium: Shiba Inu burns.

Unlike the initial expectations, Shibarium burns were not immediately implemented. It wasn’t until early December 2023 that the first burn took place, incinerating 8.24 billion SHIB tokens worth $75,241. Since then, the burns have continued, with a total of 33.8 billion tokens burned across four transactions as of December 23.

The importance of these burns lies in the need to reduce SHIB’s supply. Currently, there are 581.2 trillion SHIB tokens in circulation, which many believe is hindering the cryptocurrency’s ability to achieve significant price rallies. This is why the burn campaign has garnered so much support within the community.

With the upcoming implementation of an automated burn system and the increasing adoption of Shibarium, experts project that monthly burns could reach trillions. If Shibarium were to burn 9 trillion tokens per month, it would take less than three years to incinerate half of the token supply (290.5 trillion tokens). To maintain Shiba Inu’s market cap of $5.3 billion with this reduced supply, the price would need to surge to $0.0000183.

Continuing at this rate, an additional 108 trillion tokens could vanish within another year of burns, leaving 182.5 trillion tokens in circulation. With a market cap of $5.3 billion, the price of Shiba Inu would reach $0.0000293 within four years.

However, during its peak market cap in May 2021, Shiba Inu reached $0.00024 with a circulating supply of 182.5 trillion tokens. To achieve a price of $0.001, the market cap would need to soar to $182 billion, and for $0.01, the valuation would have to reach $1.82 trillion.

It’s worth noting that Shiba Inu currently trades at $0.00000907, making a 10,925% rise necessary to reach $0.001 and a staggering 110,153% surge needed for $0.01. While there are no guarantees that these targets will be met, these evaluations provide valuable insights into the requirements for such a price increase.

It’s important to mention that this article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research before making any investment decisions.

Ένα τμήμα με συχνές ερωτήσεις (FAQ) βασισμένο σε θέματα και πληροφορίες που παρουσιάζονται στο άρθρο:

1. Τι είναι τα Shibarium burns;
Τα Shibarium burns είναι η διαδικασία καύσης των SHIB tokens της κρυπτονομισματικής πλατφόρμας Shibarium. Αυτή η διαδικασία έχει ως στόχο τη μείωση της προσφοράς των SHIB tokens.

2. Πόσα SHIB tokens έχουν καεί μέχρι σήμερα;
Έως τις 23 Δεκεμβρίου, έχουν καεί συνολικά 33,8 δισεκατομμύρια SHIB tokens σε τέσσερις συναλλαγές.

3. Ποιος είναι ο σκοπός των καυσών SHIB tokens;
Ο σκοπός των καυσών των SHIB tokens είναι η μείωση της προσφοράς του κρυπτονομίσματος SHIB. Αυτό έχει ως στόχο την υποστήριξη της τιμής του και τη δημιουργία ευκαιριών για αύξηση της αξίας του.

4. Ποια είναι η τρέχουσα προσφορά των SHIB tokens;
Αυτήν την στιγμή, υπάρχουν 581,2 τρισεκατομμύρια SHIB tokens σε κυκλοφορία.

5. Πόσα SHIB tokens προβλέπεται να καεί κάθε μήνα στο μέλλον;
Εκτός απροόπτου, αναμένεται να αυξηθεί η διαδικασία των καυσών και να φθάσει σε τρισεκατομμύρια SHIB tokens τον μήνα.

Συνιστώμενοι σχετικοί σύνδεσμοι:

1. Επίσημη ιστοσελίδα Shibarium
2. Επίσημη ιστοσελίδα Shiba Inu