๐ Shiba Inu's Potential Price Surge๐
If Shiba Inu's total supply reduces to 10 trillion tokens, its price could skyrocket to $0.000719 ๐. This would mark a massive 5,793% increase from its current price of $0.00001220 ๐คฏ.
๐ฅ Shiba Inu's Supply History
Shiba Inu launched with a massive supply of 1 quadrillion SHIBA tokens in August 2020 ๐ฐ๏ธ. However, its total supply has dropped to 589.25 trillion SHIBA, representing 58.95% of its initial supply ๐. Over 410.75 trillion tokens were permanently removed from the supply through burn campaigns, including one initiated by Ethereum co-founder Vitalik Buterin ๐ฅ.
๐ Community Push for Further Burns
Some community members are calling for further incineration to reduce SHIBA's supply to approximately 10 trillion tokens ๐ฃ. They believe that the enormous supply is the culprit behind SHIBA's underperformance ๐.
๐ Shiba Inu Price Predictions
If the supply drops to 10 trillion tokens, SHIBA's price could reach $0.000719, assuming the market cap remains at its current level of $7.19 billion ๐ธ. This prediction is also featured in several market expert forecasts, including Telegaon and Changelly ๐.
๐ค Final Thoughts
While a supply cut to 10 trillion tokens could lead to a significant price increase, the likelihood of burning over 579 trillion tokens remains extremely slim ๐คทโโ๏ธ. Nevertheless, the scenario highlights the importance of tokenomics in driving price performance ๐ฎ.
Disclaimer ๐จ
This article is for informational purposes only and does not constitute financial advice ๐. The views expressed may include the author's personal opinions and do not reflect The Crypto Basic's opinion ๐ค. Always do your own research before making any investment decisions ๐ก.#TradingLessons #SHIBA๐ #memecoin๐๐๐ #DigitalAssets #crypto $SOL $W $SEI
