To reach a price of 1 USD per Shiba Inu token ($SHIB ), a very large amount of token burning would be required.
The exact amount is difficult to calculate because it depends on several factors, such as:
Market capitalization: The higher the market capitalization of SHIB, the more tokens need to be burned to reach the price of 1 USD.
Demand & Supply: The higher the demand for SHIB and the lower the supply, the easier it is to reach the price of 1 USD.
Community Activity: Community efforts in burning SHIB tokens manually and through existing burn mechanisms also play an important role.
Based on a rough estimate, **approximately 99.99%** of the total current circulating supply of SHIB would need to be burned to reach the price of 1 USD.
This means that of the total 589,289,910,206,758 SHIB in circulation, only around 589 million tokens may remain.
Although reaching a price of 1 USD may seem impossible, the Shiba Inu community continues to try to burn tokens through various means.
Here are some of the ways the community burns SHIB tokens:
Sending SHIB tokens to burn addresses: The Shiba Inu community has created a special burn address where people can send their SHIB tokens to be burned permanently.
Using a burn platform: Some platforms, such as ShibBurn, allow users to burn SHIB tokens easily.
Participate in burn projects: The Shiba Inu community periodically holds burn projects where they burn large amounts of SHIB tokens.
While there is still much to be done, the Shiba Inu community's efforts in burning tokens shows their commitment to increasing the value of SHIB.
It's important to remember. That investment in cryptocurrency is always high risk. Do your own research before investing and never invest more than you can afford to lose.
