Shiba Inu Team Member Reveals What Investors Should Do If They Want SHIB Burns


19 Sep 2023 4:00 PM

Shiba Inu team member "Lucie" has shared insights on the highly anticipated Shiba Inu token burn through Shibarium....

  • Lucie, a prominent Shiba Inu team member, shared insights on the highly anticipated Shiba Inu token burn through Shibarium, Shiba Inu's Layer 2 blockchain.
  • Lucie emphasized that the burns are set per transaction, not based on tweets about burns.
  • Lucie encouraged the community to migrate from exchanges and start using Shibarium, stating that the real question is when this migration will happen.
  • The Shiba Inu token burns through Shibarium require collective effort from the community and the Devs, as they are based on transaction activity and real engagement.
  • Lucie highlighted the security features of Shibarium and compared it to centralized crypto exchanges, using the example of the bankrupted FTX platform.
  • Lucie urged SHIB holders to support Shibarium as an alternative to centralized crypto exchanges, as each transaction on the platform contributes to token burns.
  • Transaction fees on Shibarium are currently low but may increase in the future with higher traffic, resulting in more SHIB being burned.
  • Lucie suggested that popular NFT marketplace Opensea consider integrating Shibarium.
  • Shibarium is a layer 2 blockchain built on the Ethereum network, aiming to provide a sustainable and scalable infrastructure for Shiba Inu transactions.
  • The success of Shibarium could lead to a larger adoption and popularity of SHIB tokens, potentially driving the price upward.
  • SHIB token is expected to reach $0.00001038 by the end of 2023, with the possibility of reaching $0.000050 with the success of Shibarium.
  • If SHIB token maintains its trajectory, it could surpass its all-time high price of $0.00008845 achieved in the 2021 bull market.

The sentiment of the article is generally positive, highlighting the potential benefits of Shibarium and the positive impact it could have on the price of SHIB tokens.

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You May Ask

What is Shibarium and how does it relate to Shiba Inu token burns?How are the Shiba Inu token burns determined?What are the security features of Shibarium compared to centralized crypto exchanges?What is the expected price trajectory for SHIB tokens with the success of Shibarium?

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