According to Plisio, to achieve the target of $1 for Shiba Inu, the community would need to burn an estimated 99.83% of $SHIB , which would reduce the circulating supply to 1 trillion tokens.
Additionally, previous burns have seen significant increases in burn rates, such as a 7,687,000% increase in 24 hours, which resulted in the burning of approximately 8.35 billion $SHIB
of the total supply.
What does this mean?
1. Scarcity is key: Reducing the supply makes each unit of the coin more valuable.
2. Attracting investors: Limited supply attracts investors looking for promising opportunities.
3. From meme coin to major player: $SHIB is turning from a meme coin into a serious project with long-term growth potential.
Why is the burn happening?
1. Combating inflation: Reducing the supply helps stabilize the value of the coin.
2. Build Value: Low supply and high demand drive up the price.
3. Build Trust: This step shows the team's commitment to long-term success and building a strong foundation for the project.
