What happens if 100 trillion coins are burned?

Vitalik Buterin’s massive token burning was one of the major catalysts behind Shiba Inu (SHIB’s) amazing 2021 rally. Buterin received half the SHIB supply at its August 2020 launch. Buterin, however, decided to burn 90% of the coins he received Donate the remainder to charity. The result of his actions was a huge drop in the supply while demand remained high. SHIBs’ price soared by many millions of percent as a result. Discuss what Shiba Inu’s (SHIB’s) price would be if an additional 100 trillion coins were destroyed.

What Happens if you burn 100 Trillion Shiba (SHIB!) coins?

There are about 589 trillion Shiba Inu Coins (SHIB) currently in circulation. SHIB prices are affected by the high supply. SHIB market capitalization remains at $4.24 Billion, even if 100 trillion coins have been burned. SHIB price would rise to $0.00000867, i.e. market cap divided by the supply. This is a 20% increase.

Let’s assume that Shiba Inu (SHIB’s) market capitalization increases before burning 100 trillion coins. In this example, assume that SHIB’s market capitalization reaches $10 Billion. In this situation, each token’s price will reach $0.0000204. That is an increase of almost 184%. Your investment will more than double its value in this scenario.

Shiba Inu investors and fans are hoping for a massive new burn. However, the project may not be able to accomplish such an ambitious task. Shiba Inu’s team is said to be working on an entirely new burning mechanism. It has been rumored that this will burn trillions upon trillions of dollars each year. We do not know the exact date of launch or even how it will work.

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Burns may also not be enough to cause a surge in price. Shytoshi Kusema, the lead developer of Shiba Inu breed (SHIB), says that demand alone can drive SHIB prices.