Here's Shiba Inu (SHIB) Maneuver That Can Change Its Price Outlook
U.Today
18 Sep 2023 2:04 PM
Shiba Inu's attempt to retest price of $0.01 can benefit from coming burn portal...
- The Shiba Inu (SHIB) protocol aims to push its price to $0.01, but it is currently trading at $0.000007369.
- Shiba Inu has grown significantly since its inception and has a strong community of supporters.
- The protocol has shifted its focus to being a utility-promoting protocol through the introduction of Shibarium, an Ethereum Layer-2 scaling solution.
- Shibarium is generating hype and aims to sustain the relevance of the Shiba Inu ecosystem.
- To counter the devaluation caused by its large circulating supply, Shiba Inu plans to implement a token burn portal to remove tokens from circulation on an annualized basis.
The article discusses the potential for Shiba Inu to achieve its long-term price target and highlights the shift in focus towards utility promotion through Shibarium. The sentiment is generally positive, emphasizing the growth and potential of the Shiba Inu ecosystem.
You May Ask
What is the current price of Shiba Inu?How has Shiba Inu grown since its inception?What is Shibarium and how does it contribute to the Shiba Inu ecosystem?How does Shiba Inu plan to counter the devaluation caused by its circulating supply?What is the significance of community voting in determining the token burn portal?Note: The article contains a disclaimer stating that the opinions expressed are those of the writers and do not represent the views of U.Today.