Holding it means making a profit; if you can't hold it, it doesn't matter how much you have!
Burning 99% of $SHIB, will it rise to $1 or ruin the ecosystem?
The friends of Shiba Inu Coin (SHIB) have been discussing a matter recently: should we burn 99% of SHIB? The idea is quite simple: we want to reduce SHIB so that the price can rise, and maybe it can even reach $1!
What is the current situation of SHIB?
Total: 1 quadrillion (sounds scary) Currently circulating: about 550 trillion
If we really burn 99%, then the remaining circulating amount will only be 5.5 trillion.
What are the benefits of burning SHIB?
Less quantity, potentially higher price: with less SHIB, everyone will compete more fiercely, and the price will naturally go up.
More scarce, more loved: the less there is, the more precious it becomes, and investors might be more interested.
Shows determination: burning so much indicates that the team genuinely wants to increase SHIB's value and is not greedy.
But burning SHIB also carries risks!
The market could get chaotic: burning so much at once could make the price fluctuate like a roller coaster.
Trading could become difficult: with less circulating SHIB, buying and selling would become cumbersome.
The community might not buy it: doing this might make everyone feel it's unreliable, leading to a loss of trust and support.
In summary:
Burning 99% of SHIB is a gamble; the price could soar to the heavens or crash down in your hands.
But the risks must be understood; the market, liquidity, and community cannot be underestimated.
In the end, this matter must be approached with caution, considering its impact on the ecosystem and community.
For the upcoming strategic direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, where an expected return of over 100 times is not an issue. If you want to make big money in a bull market, like and comment, and I will guide you to layout the entire bull market together!
SHIB
