Shibarium has been launched and the layer-2 network could begin burning millions, billions, or trillions of Shiba Inu tokens soon. The scale of the burns depends on the number of users who initiate transactions on the network. A small fee will be charged to initiate transactions on the network that will ultimately be used to burn SHIB tokens. The fee will be divided into two parts: one is to use the amount to maintain the network, and the other is to burn and send SHIB to the dead wallet.
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The scarcity over time could help Shiba Inu sustainably scale up in price and might make it move towards $0.01. Taking an entry position now before Shibarium begins to burn SHIB tokens could be beneficial. In this article, we will highlight how an investment of $850 could turn into $1 million if Shiba Inu reaches $0.01.
Shiba Inu: $850 Might Turn $1 Million if SHIB Reaches $0.01
Shiba Inu is currently trading at $0.00000847 and is down 6% in the 24-hour day trade. Therefore, an investment of $850 today could get you to accumulate 100,354,191 (100 million) SHIB tokens.
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If investors hold on to the 100 million tokens with a long-term plan and if Shibraium burns trillions of tokens and reduces the circulating supply, SHIB might move towards $0.01. If someday Shiba Inu hits $0.01, the investment of $850 made today (100 million tokens) could turn into $1 million. That’s an uptick and return on investment (ROI) of approximately 120,000% from today until the day it reaches $0.01.
Also Read: Shiba Inu: Investor Would Have Made $40 Million With A $200 Investment
However, there is no guarantee that SHIB will ever reach the $0.01 milestone. The cryptocurrency markets are highly volatile and swing both ways, making investors suffer significant losses. Therefore, it is advised to do thorough research before taking an entry position in SHIB and to trade at your own risk.
