Here is When Shiba Inu Can Reach $0.0001, $0.005, and $0.01 as Shibarium Starts Massive SHIB Burns
As Shiba Inu contends with five decimal points, its Shibarium blockchain has commenced significant SHIB burns, potentially propelling its price to $0.0001, $0.005, and $0.01.
Shiba Inu is gradually staging a comeback following multiple weeks of bearish trajectories. According to data from CoinMarketCap, Shiba Inu has seen a 2.46% gain over the past 24 hours, growing from a low of $0.000008904 to a high of $0.000009123.
Shiba Inu chart | CoinMarketCap
Emphatically, Shiba Inu’s chart suggests the asset could be on track to reclaim its lost decimal point to trade in the $0.00001 threshold.
Shibarium Massive Burn of Shiba Inu
Meanwhile, the Shiba Inu team has undertaken initiatives to potentially assist Shiba Inu’s price ascent in the coming weeks. For instance, this month, the Shiba Inu team will commence automated SHIB burns using Shibarium transaction fees.
The Crypto Basic has uncovered that the initial phase of the auto burn initiative is launching on the testnet, specifically, Puppynet. Emphatically, the inaugural stage guarantees effectiveness and reinforces dependability before migrating to the Mainnet.
Throughout the trial phase on Puppynet, SHIB users can expect to observe various enhancements as the Shiba Inu team optimizes the automated burn procedure.
Before the shift to an automated process, the Shiba Inu crew carried out five manual Shiba Inu burns. In particular, the team incinerated between 8.2 billion to 9.3 billion in each burning initiative.
The first burn took place on December 4, with 8.24 billion SHIB wiped out. Following this, three more burns occurred within the same month, eliminating a similar quantity of tokens.
In total, the Shiba Inu team has successfully withdrawn over 43 billion SHIB tokens from circulation. According to official records, the five manual burns amounted to roughly $476,000.
When Shiba Inu Can Reach $0.0001, $0.005, and $0.01
Given these substantial Shiba Inu burns, SHIB investors cling to aspirations of hitting price targets such as $0.0001, $0.005, and $0.01.
To shed light on the feasibility of these projections, The Crypto Basic turned to reputable sources. This includes a research report from Changelly, a renowned exchange and prediction platform, Telegaon.
According to the Telegaon, the value of Shiba Inu may surge to $0.0001 by 2026. Meanwhile, experts at Changelly anticipate that Shiba Inu will reach that milestone much later, specifically in 2030.
Furthermore, Telegaon predicts that SHIB will require about seven years to reach the $0.005 mark. However, Changelly envisions the same target could materialize by 2040.
Yet, the exchange does not foresee Shiba Inu reaching $0.01 even after 2050. On the other hand, Telegaon predicts such an outcome by 2040, setting a lofty threshold of $1.06 by 2050.
