As with general cryptocurrencies’ ecosystem knowledge, the Shiba Inu (SHIB) massive supply remains one of the shortcomings that has hindered its price expansion.
Consequent to the above and other peculiar needs of the Shiba Inu ecosystem, the Shibarium was launched. After its release, the layer-2 scaling solution was deemed to become a significant participant in the SHIB incineration project utilizing its transaction charges.
Read Also: Shibarium-Powered SHIB Burn Encounters Delay. Here’s Detail From Shiba Inu Team
Shibarium Manual SHIB Burns
Before the recent talks hovering around the automated SHIB burning mechanism using the Shibarium transaction fees, it is worth noting that the Shiba Inu scaling solution had carried out five different whopping burns manually between December and January.
The first manual burn permanently erased about 8.24 billion SHIB valued at $75,412 based on SHIB’s price as of then. The second, third, and fourth rounds of SHIB incineration also happened in December last year, removing about 8 billion SHIB each from the three different burns.
Finally, the fifth burn eliminated approximately 9.35 billion SHIB, bringing the total amount of SHIB burns via manual operations on the Shibarium to roughly 43 billion SHIB.
Upcoming Automated SHIB Burn Via Shibarium
The Shiba Inu development team has revealed its readiness to commence automated SHIB token burns via the Shibarium transaction charges this month.
Notedly, before launching the automatic SHIB burn operation on the Mainnet, the Shiba Inu (SHIB) development team stated that the early phase of the initiative would face rigorous trials on the testnet, particularly Puppynet.
The testing phase will show glimpses of what to expect following the automatic SHIB burn launching on the Mainnet. It will also expose flaws, which the Shiba Inu development team will correct before the final release.
When $0.0001, $0.005, And $0.01 After Automated SHIB Burn Launch?
With the automated burn in place, Shiba Inu (SHIB) is expected to experience a more sustainable burn rate, which could see its price appreciate remarkably to levels such as $0.0001, $0.005, and $0.01.
Changelly and Telegaon, two highly rated crypto price prediction platforms, have analyzed possible timelines for Shiba Inu (SHIB) to attain the price targets highlighted above. The subsequent part of this insight shall reveal the estimated timeline for the prices to play out.
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Read Also: Shibburn Shares Likely Shiba Inu Price All-time High Without Vitalik Buterin 2021 SHIB Burn
According to Telegaon, Shiba Inu (SHIB) will attain the $0.0001 price level in 2027. On the other hand, Changelly noted that a similar price ascent will happen in 2030.
For the $0.005 price, Telegaon says such a price mark will happen between 2035 and 2040. Meanwhile, Changelly maintained that 2040 appears more feasible.
Finally, Telegaon stated that SHIB at $0.01 could play out around the late 2030s. Changelly, on the other hand, says Shiba Inu (SHIB) will not hit $0.01 until 2050.
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