Token Burning Definition: Permanently removing tokens from circulation to reduce supply and create scarcity, potentially increasing token value.

Shiba Inu's Massive Supply: Launched with 1 quadrillion tokens, now reduced but still in the hundreds of trillions, keeping prices low.

Reasons for Burning SHIB:

1. Reduce supply to create scarcity.

2. Increase potential for price rise if demand remains strong.

3. Enthusiastic investors see burns as a path to higher returns.

Methods of Burning SHIB:

1. Community-driven burns, including voluntary burns by holders and transaction fee burns in ShibaSwap.

2. Strategic burns through ecosystem partnerships.

3. Burn events hosted by influencers encouraging mass token burns.

Can Shiba Inu Reach $1?:

1. Supply and Market Cap: Current supply and market cap requirements make a $1 price highly unrealistic without a massive reduction in tokens.

2. Burn Rate: The current burn rate isn't fast enough to drastically reduce supply in the near future.

3. Demand: Sustained demand is essential for a price increase, relying on continued development, utility, and adoption.

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