[Shiba Inu: Is there still growth potential? Will token burning be enough to drive the price?]
Current price of SHIB: $0.00001453
All-time high (ATH): $0.00008845
Decrease from peak: ~83%
$SHIB , once emerged as a famous “meme coin”, is striving to transform with the Shibarium ecosystem – a Layer 2 solution to speed up and reduce transaction fees.
Highlights:
Shibarium has processed over 400 million transactions since its launch, serving as an important stepping stone to expand DeFi and NFT applications in the future.
The SHIB burning mechanism occurs regularly, but the amount of tokens burned each month is still too small compared to the massive supply (589 trillion), making the short-term impact on price quite limited.
A strong community with over 1.3 million holders worldwide is a rare competitive advantage compared to many other altcoins.
Expectations:
SHIB still has growth potential if it continues to develop the ecosystem and improve the token burning rate. However, investors need to closely follow specific steps rather than just relying on “miracles” from token burning.
Disclaimer: This is not investment advice. Please do your own research before making decisions.
