#TradingTools101 $SHIB
’s Price If Shibarium Burns 10T Tokens Monthly for 5 Years🚨
Based on this growing optimism, we estimated the value of one SHIB token if Shibarium burns 10 trillion tokens every month for the next five years.
For context, if Shibarium burns 10 trillion tokens every month for five years, it would destroy approximately 600 trillion tokens in total. With Shiba Inu’s overall supply standing at 589.5 trillion, this would theoretically burn the entire supply, which is unrealistic.
However, if Shibarium successfully burns 500 trillion tokens over the next five years, Shiba Inu would be left with a supply of 89.5 trillion SHIB afterward.
A supply reduction of that magnitude would significantly impact SHIB’s price, irrespective of whether Shiba Inu’s market cap remains unchanged or grows exponentially.
Notably, Shiba Inu boasts a market cap of $7.37 billion, with a token currently trading at $0.00001251. If Shibarium burns 500 trillion SHIB, reducing the supply to 89.5 trillion, and Shiba Inu’s market cap stays at $7.37 billion, each SHIB would be worth about $0.00008234.
This estimated price is still below Shiba Inu’s all-time high of $0.00008845, which was reached in October 2021. Nonetheless, it represents a surge of 558.19% from the current price of $0.00001251.