As a seasoned crypto investor with a knack for meme coins and a soft spot for Shiba Inu, I find myself buoyed by Lucie’s latest revelations about their token burn plan. Having witnessed the crypto market’s volatility over the years, I can confidently say that such strategic moves are crucial to maintaining a coin’s value in the long run.
As the head of marketing for Shiba Inu, Lucie has addressed worries regarding SHIB‘s token supply by outlining a strategy going forward. This recent announcement has fueled optimism among community members who anticipate an increase in SHIB’s value. Furthermore, the community is persisting with their token burning efforts.
Shiba Inu Exec Reveals Token Burn Plan
A user on X recently expressed frustration about popular meme coin’s large supply. Lucie quickly addressed the issue, stating that developers can’t alter the SHIB supply. “The devs can’t change the SHIB supply because Ryoshi burned the keys, meaning no one has control over it,” she clarified.
Furthermore, Lucie emphasized the significance of purchasing and destroying SHIB to decrease its availability. She clarified, “In order to lower the supply, SHIB must be acquired and destroyed, but this necessitates money.” However, she pointed out that a substantial reduction would require millions, or even billions, of participants.
Lucie proposed a strategy for constructing a remarkable platform intended to attract large numbers of daily users via Shibarium. As our user base expands, so does the quantity of SHIB tokens that can be destroyed, enhancing its worth incrementally over time.
Following the significant upgrade on September 13th, Shibarium, the layer-2 blockchain of Shiba Inu, has undergone some major changes. The update introduced two key improvements: the Bor upgrade (v1.3.7) and Cancun hard fork. These modifications are designed to boost performance, security, and scalability.
One way to rephrase the given text in a natural and easy-to-read manner is:
With Shibarium improving efficiency, it’s now primed for expansion, making it potentially more appealing to new users. This influx could boost SHIB burn rates and increase the token’s worth in the process.
What’s Next For SHIB Price?
Destroying SHIB tokens significantly impacts the total number available. With fewer tokens circulating, the value of the remaining ones increases. Lucie highlighted the importance of the community in this process, stating, “However, for this method to be effective, it needs widespread participation. It’s about nurturing our community and allowing the system to operate efficiently!
As a researcher delving into the world of digital currencies, I’ve been closely monitoring the Shiba Inu (SHIB) burn rate, and here’s what I’ve discovered: Over the past 24 hours, a staggering 14.17 million SHIB tokens have been torched, signifying a significant surge of 38.79%. This data, tracked by Shibburn, has undeniably bolstered investor confidence and ignited renewed enthusiasm for SHIB.
Presently, the value of Shiba Inu is staying above its support at around $0.000013, despite a 2% decline recently. If the positive trend continues, analysts believe that this cryptocurrency might overcome its resistance at $0.000015 soon. As per an analysis by Coingape on Shiba Inu’s price movement, there is a possibility that the meme coin could reach $0.0003 by the end of September if bullish sentiment dominates.
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2024-09-15 00:40