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Qi Jie: #ZEREBRO or ACT,你更看好哪一个AI meme币? Shiba Inu rushing for 1 dollar, can destroying 99% Token fulfill the dream?
#BSC Ecological Vitality Released
Hey! The goal of Shiba Inu (SHIB) is $1, but to be honest, there are 589 trillion tokens in circulation, which seems a bit far-fetched. Now someone has proposed to burn 99% of the tokens, sparking a lot of discussion. Is this feasible? Let's analyze it!
What is token burning?
Destroying Token means throwing them into a wallet from which they cannot be withdrawn (like a black hole of encryption), making them completely disappear. With fewer Tokens in circulation, their value increases.
At the beginning, Shiba Inu had 10 trillion tokens, 99% were burned, leaving only 5.89 trillion. This is a big change!
What are the benefits of destroying 99% of SHIB?
For the dream of $1:
Scarcity=Value:
When there are fewer Tokens, the remaining ones become more valuable (if demand remains the same or rises).
Demand pump:
If the supply is reduced, new buyers may come in and compete, driving up the prices.
Community speculation:
Destroying Tokens excites everyone and drives up speculation, attracting more people to invest.
But also have to look at reality
The idea is good, but the challenge is not small:
Market Cap is too large:
After 99% destruction, SHIB needs a market cap of 5.89 trillion US dollars to reach 1 US dollar, which is more than the combined market cap of Bitcoin and Ether.
Demand is the key:
Just destroying tokens is not enough, SHIB needs someone to keep buying to stabilize the price.
Must be useful:
SHIB needs to maintain its popularity, it must have practical use cases (such as Shibarium and partnerships) in order to sustain its development.
#Ethereum moment arrives?
Next, I will lead everyone to focus on the profit opportunities of altcoins, especially those projects with great potential. It is not a problem to expect a space of more than 10 times. If you want to make big money in the bull run, like + comment, and I will guide you through the entire bull run!