$SHIB SHIB automatic burning ATH: $0.01 or $0.001?
Shiba Inu wants $0.01 or $0.001. It assumes tokens are burnt regularly. Manual burning activities have removed many tokens from circulation. They aim to add an automatic burning mechanism to raise prices. Thus, it addresses the milestone in the future.
Supply Change-Based Price Forecasts
The token may take up to four years to reach $0.001, according to Shiba Inu's optimistic forecast. Suppose all circumstances are favorable and burning tokens raises their price significantly.
Shiba Inu's Layer 2 network, Shibarium, supports token removal from the digital market. Since late November 2023, it has completed millions of transactions and gained notoriety. Shibarium users will discover its token burning potential with greater use.
The previous burning went as follows:
December 4, 2023 marked the start of the operation. Lost 8.24 billion SHIB tokens were worth $75,241.
The December 23, 2023 figure shows Burns has accelerated. About 33.8 billion SHIB tokens were burnt that day.
The last burn removed 9.93 billion tokens on January 9, 2024.
Current supply is 581.2 trillion tokens. Not just the burning process, but also token demand is thought to matter. SHIB peaked at $0.00008845 in May 2021 when Vitalik Buterin burnt 410 trillion tokens. That increased demand and price. Still, burning donations take center stage.
Automated burning might eliminate 9 trillion SHIB tokens. That requires eliminating 108 trillion coins annually. In three years, 50% of its supply will evaporate and the price will hit $0.0000183. It closely matches experts' Shiba Inu predictions. One optimistic projection for SHIB is $0.0000549 by 2027.
Another year might see 182.5 trillion tokens in circulation after 108 trillion are eliminated. That would raise the market value to $5.3 billion in 4 years at $0.0000293.
With $182 billion in market value, $0.001 is possible. If the market cap hits $182 trillion, the alternative milestone will be included.
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