Shiba Inu: What is the Timeline for SHIB to Achieve a Value of $1?

The Shiba Inu team announced on Monday that the Shibarium layer-2 network will commence the burning of SHIB tokens starting January 2024.

For further insights into the annual SHIB token burn rate by Shibarium, please read on.

According to the most recent blog post, 70% of the transaction fees generated on Shibarium will be allocated to the burning of SHIB tokens, while the remaining 30% will be utilized for network maintenance to ensure its smooth and efficient operation.

Shibarium will collect fees in the governance token Bone, which serves as gas for transactions on the network. Once the value of Bone tokens reaches a threshold of $25,000, they will be automatically converted into SHIB.

Following this conversion, Shibarium will proceed to burn SHIB tokens, permanently eliminating them from circulation.

With the confirmation of SHibarium's token burn initiative, one may wonder if Shiba Inu can realistically reach a value of $1.

This article will explore the potential timeline for Shiba Inu to attain the $1 milestone through the burning process facilitated by Shibarium.

Shiba Inu: What is the Duration Required for SHIB to Attain $1?

Assuming optimal conditions and that Shibarium burns 3 trillion tokens annually, it is unlikely that SHIB will reach $1 within our lifetime. The supply-demand dynamics suggest that while supply remains abundant, demand is limited.

For context, Shiba Inu has 589 trillion tokens in circulation, with only approximately 1.3 million holders.

The rate of adoption is not keeping pace with the token circulation, resulting in stagnant or declining prices.

In summary, even with Shibarium burning 3 trillion SHIB tokens each year, it would take 98 years for Shiba Inu to reach a value of $1, which is not feasible within our lifetime.

However, if Shibarium can burn over 100 trillion tokens annually, there may be a possibility for Shiba Inu to reach $1 before our lifetime ends. #SHIBFuture #SHIBSurge $SHIB