Shiba Inu

Shiba Inu&#39;s (SHIB) Shibarium layer-2 network has been highly anticipated in the crypto sphere for 2023. However, its launch encountered unexpected challenges as excessive traffic forced a temporary pause. Thankfully, Shibarium is now back online, and users eagerly await the rollout of new projects on this dog-themed network, including an enhanced burn mechanism.One of the most buzzed-about projects in the pipeline for Shibarium is the refinement of SHIB&#39;s burn mechanism. Although SHIB already incorporated a burn mechanism in 2022, the development team is currently working on a significantly more efficient version. Many speculate that this new mechanism could incinerate trillions of tokens each month. Influential figures within the SHIB community, such as Queenie, even suggest it could eliminate a staggering 111 trillion tokens annually.Also Read: <a href="https://financeshots.com/shiba-inu-coin-price-prediction/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Price Prediction from 2023 to 2050 On FinanceShots.com</a><h2 id="header-0">How long will Shiba Inu take to reach $0.01?</h2>The burning of 100 trillion tokens could potentially have a positive impact on SHIB&#39;s price. However, it&#39;s crucial to recognize that burns alone won&#39;t trigger a substantial price surge. SHIB will need to witness a substantial surge in demand to achieve this. Consequently, predicting the timeframe for SHIB to reach $0.01 solely based on burning 100 trillion tokens remains challenging. If the project can consistently burn 100 trillion tokens per year, it would take five years to reduce the supply to 80 trillion. Subsequently, it might require approximately six to seven additional years to dwindle the supply down to the billions range. At that point, SHIB could realistically attain a price of $0.01 without the market cap ballooning unrealistically.<a href="https://accounts.binance.com/register?ref&#61;551157324" rel="noopener noreferrer nofollow">Also create free account on Binance and buy Shiba Inu easily.</a>Nevertheless, it&#39;s uncertain whether the token will indeed reach $0.01 once its supply diminishes. Shibarium could open doors to practical real-world applications for SHIB, potentially boosting its demand and consequently its price.Regrettably, no official details have surfaced regarding the new mechanism&#39;s specific capabilities, and an exact launch date for these burns remains undisclosed. Currently, Shiba Inu&#39;s (SHIB) burn rate is down by 65.71% at the time of writing.Also Read: <a href="https://www.binance.com/en-IN/square/post/8118053764105" rel="noopener noreferrer nofollow">Discovering Fourprime Token Your Ticket to Smart Crypto Investing</a>

Will Shiba Inu Reach $0.01 After Burning 100T Tokens?

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