Once a meme-inspired cryptocurrency, Shiba Inu (SHIB) now boasts a market cap of $15 billion, with its token burn rate skyrocketing recently. If 99% of SHIB tokens were destroyed, could the price hit $1, or would this destabilize the ecosystem?

Over the past days, SHIB's burn rate surged by 6220%, reducing its original 999 trillion tokens to 541 trillion in circulation, as 410 trillion have already been burned. The project's lead developer has emphasized that while token burns are significant, they aren't the sole solution. Ecological initiatives, such as DeFi applications, remain key to SHIB's growth.

However, uncontrolled burning poses risks. If SHIB's price rises too fast, it might deter buyers, slowing further burns and halting progress. A balanced approach between burning and ecosystem development is essential for sustainable growth.

Currently, SHIB's price is climbing, and analysts believe that breaching key resistance levels could push it to $0.000045. Still, the goal of $1 remains distant, dependent on a delicate balance of strategies, including its layer-2 blockchain expansion.
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