Shibarium's Impact on Shiba Inu's Future Trading Price, To Burn 5 Trillion SHIB Tokens a Month

Shibarium’s Impact on Shiba Inu’s Future Trading Price, To Burn 5 Trillion SHIB Tokens a Month

Time Stamp: July 17, 2023 1:12 PM
Source Node: 2768583
6 hours ago 2 mins read category : News
  • Shibarium, Shiba Inu’s Layer-2 solution, surpasses 30 million transactions, showing impressive growth.
  • Shibarium’s potential to burn 5 trillion SHIB tokens a month sparks community discussion.
  • Shibarium’s success could significantly impact Shiba Inu’s future in the crypto space.

Shiba Inu, the cryptocurrency that has been making waves in the crypto world, has achieved a significant milestone with its Layer-2 solution, Shibarium, surpassing 30 million transactions. This impressive growth has sparked discussions within the Shiba Inu community about Shibarium’s potential to burn 5 trillion SHIB tokens a month.

Shibarium’s success is not just about the numbers. It represents a shift in market dynamics and a testament to the growing influence and acceptance of digital assets like SHIB. The integration of Shibarium is seen as a major boost for Shiba Inu, potentially influencing SHIB’s future trading price.

The current burn rate of SHIB is 91.67 million tokens daily. If sustained, this translates to 2.75 billion tokens a month and 33 billion a year. To reach a burn rate of 5 trillion tokens a month, SHIB’s burn rate would need to increase by 212,665%. While this seems like a tall order, the potential of Shibarium cannot be entirely dismissed.

In a recent development, Shiba Inu has been announced as the official title sponsor of the upcoming Blockchain Futurist Conference, scheduled in Toronto, Canada, on August 15th – 16th, 2023. This conference may serve as a platform for Shiba Inu to celebrate its anniversary, introduce Shibarium Mainnet, showcase the World Paper, and inspire the crypto community with its exciting vision.

Shiba Inu’s lead developer, Shytoshi Kusama, expressed his enthusiasm for this sponsorship. He emphasized that this collaboration brings Shiba Inu on par with other top exchanges and projects, solidifying its position as a major player in the cryptocurrency world.

Despite the challenges, the future of Shiba Inu in the crypto space looks promising. With the latest events surrounding Shiba Inu and SHIB, the future trading price of SHIB is expected to soar. This potential surge could be a game-changer, setting a new precedent in the crypto world. The upcoming Blockchain Futurist Conference and the introduction of Shibarium Mainnet are expected further to bolster Shiba Inu’s position in the crypto space.

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