Shiba Inu (SHIB) continues to demonstrate its commitment to increasing long-term value with various strategic moves. One significant move is the increase in the token burn rate, reflecting the community's dedication to reducing the circulating supply and an interesting pattern for a potential 5-fold increase.
Additionally, the big announcement about the expansion of the Shiba Inu ecosystem signals a transformation from just a memecoin to a more serious technology platform.
SHIB Burn Increase for Higher Value
In recent days, SHIB's burn rate has soared by 300 percent, mainly thanks to effective collaboration within the community.
Data from Shibburn, a platform that monitors SHIB token movements, shows that millions of tokens have been removed from circulation by being sent to inaccessible dead wallets.
This move demonstrates the community’s collective effort to reduce supply, with the goal of increasing the token’s scarcity and value in the long term.
At that time, a total of 24,609,003 SHIB tokens had been destroyed, with the two largest transactions involving 17,220,462 and 4,635,583 tokens respectively.
Additionally, a poll from SHIB-focused account X suggested more aggressive steps to speed up the burn process.
The proposed options include reducing supply by between 30 percent and 90 percent, aiming to make SHIB a scarcer and potentially more valuable asset.
New Ecosystem: Shiba Inu Transformation
Shiba Inu also announced a major expansion of its ecosystem by launching WHY Combinator, a decentralized startup accelerator, and introducing new utilities for the BONE token.
This program is unique because it focuses on the fundamental question, why should this product exist in the world?
Rather than pursuing short-term financial gains, this initiative aims to create sustainable long-term value.
During the bear market, Shiba Inu managed to develop more than 30 technology components, including artificial intelligence (AI), full homomorphic encryption for Shibarium, Web3 games and metaverse applications.
The technology, known as 36 Chambers of Tech, aims to make the Powered by Shib slogan the equivalent of Powered by Google in the world of Web3 applications.
TREAT and BONE's New Role in the Ecosystem
To encourage user participation, Shiba Inu is launching the TREAT token. This token will support weekly reward distributions, called TreatDrops, as an incentive for users to engage in projects such as metaverses and NFT ownership.
TREAT will be immediately available on major crypto exchanges such as Bitget, Gate.io, KuCoin and MEXC.
Meanwhile, the BONE token now has a broader role. Not only as a gas token for Shibarium, but also allows users to create layer-3 rollups, similar to how Arbitrum and Optimism support layer-2 networks. This approach can attract more projects to use the Shibarium ecosystem.
SHIB Price Ready to Skyrocket
Shiba Inu’s transformation into a technology platform marks a significant shift in the meme-based crypto world. The team’s strategy includes strategic relationships with exchanges to showcase Shibarium’s technical capabilities. They’ve even hinted at potential collaborations with organizations and governments.
On the other hand, popular crypto analyst, Charting Guy, sees historical patterns in SHIB price that indicate a potential surge of between 5 and 10 times, ready to remove one zero after the decimal point.
With these strategic moves, Shiba Inu is not only competing with other crypto projects, but also challenging the established Web2 infrastructure. [Tr]