Shiba Inu (SHIB)'s rally in 2021 was mainly due to Vitalik Buterin burning 410 trillion tokens. Assuming a similar burn today reduces the token supply to 179 trillion tokens and maintains the current market capitalization of $3.5 billion, theoretically, SHIB's price would rise to $0.00001955, an increase of 223.5%. However, lead developer Shytoshi Kusama (Shytoshi Kusama) pointed out that simply burning tokens is not enough to achieve significant growth; broader user participation is needed to approach its all-time high of $0.00008616.

SHIB-0,93%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes