At the current pace, it will take 20,460 years to burn enough $SHIB tokens to justify a price of $1.
Investors would have to burn 99.99998% of the current supply in order to send $SHIB to $1, based on its current market cap. Therefore, nearly all of the 589.5 trillion tokens in circulation need to be eliminated, leaving just 13 billion.
Only 2.4 billion tokens were burned in the past month, which translates to an annualized figure of 28.8 billion. That won't be anywhere near enough to send Shiba Inu to $1 in 2025
But it gets even worse, because burning tokens doesn't create any value.
It only reduces supply, which makes it appear as though the value of each token is higher because it trades at a higher price.
As a result, even if you lived long enough to see all of the necessary tokens burned, you wouldn't actually make any money
You would simply have 99.99998% fewer tokens, with the remainder worth $1 each. Shiba Inu's market cap would still be $13 billion, so after 20,460 years, your net financial position won't have changed at all.😭😭🙆🏻
