Shiba

Burn

Kusama

Shiba Inu

<ul class="wp-block-list news-points">
 <li>SHIB’s 6,220 percent burn rate surge sparks questions about the possibility of reaching one dollar.</li>
 <li>Kusama explains token burns alone cannot sustain SHIB and highlights DeFi projects for growth.</li>
 <li>SHIB faces price declines and bearish trends while volatility creates risks for traders and investors.</li>
</ul>
Shiba Inu (SHIB) has been the subject of debate as its current market capitalization stands at $13.87 billion, and its burn rate has surged by 6,220% in recent days. With over 410 trillion tokens burned from the initial supply of 999 trillion, discussions are rife on whether reducing 99% of SHIB’s circulating supply could push its price to $1.
Shiba Inu’s lead developer, Shytoshi Kusama, addressed questions about the feasibility of burning 99% of SHIB tokens. He said that while such a move is possible, it might not be enough to raise the token’s price to $1. According to him, token burns alone cannot sustain price growth without broader adoption and ecosystem development.
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 99% is also hard for a few reasons. 1. Assuming things started spiraling to a huge burn, people will buy considering that the price will moon. In this case, it would be more expensive to bur…
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The post <a href="https://coinedition.com/shiba-inus-1-dream-can-a-99-burn-make-it-happen/" rel="noopener noreferrer nofollow">Shiba Inu’s $1 Dream: Can a 99% Burn Make It Happen?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu’s $1 Dream: Can a 99% Burn Make It Happen?

Coin Edition

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