**๐ฅ Will SHIB Ever Hit $1? The Math Behind Shibariumโs Burn Mechanism**
Big news for **Shiba Inu** holders! ๐ **Shibarium**, SHIBโs L2 network, has officially confirmed that **70% of its transaction fees** will be used to **burn SHIB tokens** starting **January 2024**.
๐น **How Burns Work:**
- Fees collected in **BONE** (gas token) โ Converted to **SHIB** โ Burned automatically once $25K threshold is hit.
- **30%** of fees go to network maintenance.
๐น **Can SHIB Reach $1?**
๐ **Current Circulating Supply:** **589 TRILLION SHIB**
๐ฅ **If Shibarium burns 3T SHIB/year:**
โ **98 YEARS** needed to reach **$1** (assuming demand stays constant).
๐ **For a realistic chance in our lifetime?** Burns must exceed **100T SHIB/year!**
**Verdict:** While burns help, **$1 seems unlikely without massive demand or hyper-deflationary measures.**
๐ฌ **Do you think SHIB can defy the odds?** Letโs discuss! ๐
#ShibaInu #SHIB #Shibarium #Crypto #Altcoins #Binance
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### **Why This Works for Binance:**
โ **Clear breakdown** of tokenomics.
โ **Realistic perspective** (avoids hype, focuses on data).
โ **Engaging question** to spark discussion.
