Shytoshi's shocking price prediction for Shiba Inu coin - Massive burn confirmed - The Comprehensive Minds

Shytoshi's shocking price prediction for Shiba Inu coin - Massive burn confirmed


Shytoshi's shocking price prediction for the Shiba Inu coin

Shiba Inu coin

There is amazing price pump information we got from the Shiba Inu's developer community, in which the Shib's Lead developer confirmed about the Shiba Burn. How are developers going to do it?. How will this help Shiba Inu to boost its price?. Will Shiba Inu make Millionaires again?


These questions will be answered today. We will also reveal the proof of the massive Shiba Inu token burn. So, stick around for that because today's article is full of price Impacting updates. 


Overall Crypto market including Bitcoin and Ethereum is red with a massive drop in their prices. Shiba Inu is also taking a load today and is down by almost 5% in the last 24 hours. But, something big is on its way. 


Previously, We gave you some hints of NFTS being involved in the Shiba Swap portal. Every Shiba holder was curious to know how this Shiba Inu's own NFT will help to raise Shiba Inu's price. However, this has been confirmed recently that NFT will help Shiba Inu to burn. 


And Further Lead developer of Shiba Inu with the pseudo name Shytoshi, has confirmed this Burn on Shiba Inu Discord Community. But the question arises When this is going to happen?. How much price hike we can expect from this?


Twitter named MILKSHAKE


There is a very popular user on Twitter named MILKSHAKE, who is a very active crypto Enthusiast. She shared some recent conversation screenshots in which the lead developer of the Shiba Inu ecosystem, Shytoshi confirmed the upcoming Shiba Inu token Burn. In her post, she shared 4 screenshots from Discord


Shytoshi


In 1st screenshot, Shytoshi Said "Your wish is my plan." In this, he is referring to Shiba Inu Burn. He further added that it is not what exactly everyone is thinking, and any Shiba holder can burn Shiba Inu. He is conveying that, any holder can burn his token holdings by sending them to a dead address to reduce the token supply. 


In Second Screenshot, He said that he is willing to buy and burn a ton of tokens. He is ready to buy millions of tokens and push them out of the token supply. This confirms that he is not holding enough tokens that he can burn. Maybe he has a plan for something different?


In the third Screenshot, when someone asked him about the direct purchase of NFT, he said, " Last time you'll ask me about Leash... You'll see." 


Coming to the last and 4rth screenshot that Milkshake shared, is exciting. In this, Shytoshi confirmed the burning. He said, "Burning Shib associated with NFT is CONFIRMED!". So, it is confirmed that Any Shib token which will be associated with this NFT will be burned. 


Well, this was the answer every Shib holder was waiting for. But the main question is, How this will help Shiba Inu to raise its price?. How many Shib tokens need to be burnt, to hit the $0.01 mark. Before moving to these important answers, Let's quickly have a look at Shiba Inu's price today. 


Shiba Inu's price today


Well, after a strong bull run in Shiba Inu price, today, Shiba Inu is facing some price correction, and the price is rolling around 72 satoshi units for 1 Shiba Inu coin, with a price drop of around 5% in the last 24 hours. 24-hour trading volume increased due to massive exchange that happened recently and is at 439,000,000 USD. 


To understand this Token burn associated with this new NFT, Let me brief you about what NFT is. NFT stands for non-fungible token. It is generally produced using the same sort of programming as cryptocurrency, like Bitcoin or Ethereum, but that's where the similarity ends. 


Physical money and cryptocurrencies are "fungible," meaning they can be traded or exchanged for one another. Non-fungible tokens aren't like your normal cryptocurrencies. While one can exchange one Bitcoin or Ether for another — NFTs aren't interchangeable. 


This is to note that NFT for Shiba Inu is still under the testing phase and we can get the news of its rollout anytime. We had news that Developers were planning to reveal this by end of this year, but it came out with this so early. Along with this NFT, developers are planning to introduce the burning algorithm of Shiba Inu to reduce the token supply of massive shib tokens. 


But, How many tokens need to be burned to reach 1 cent price?


Currently, we have a massive token supply of 4 quadrillion tokens for Shiba Inu. No other coin in the crypto market has this much token supply. Even the whole global economy can not make Shiba Inu hit 1 cent due to this massive token supply. Burning the massive token supply is the only solution that can help Shiba Inu to hit 1 cent


As per our calculations, we need more than 90% of token burn to hit 1 cent. This looks unfeasible now, but we do not need that much of a burn now. A little social media hype and support of major celebrities along with NFT burn is enough for Shiba Inu to hit the 1 cent mark. 


The Shib community


The Shib community is now anticipating the listing of the meme token on Robinhood, the commission-free exchange. The petition for the token's listing has now received more than 185,000 signatures from the community. 


This is important to note that Robinhood also acknowledged the request of many Crypto tokens and gave a hint of Doge or Shiba Inu by showing the Shiba Inu mascot in their acknowledgment tweet. We can expect the listing of Shiba Inu on Robinhood anytime. So, Hold it tight!. 


FX Street News


Further, According to FX Street News, Shiba Inu is the most popular crypto on Twitter, surpassing Uniswap, Polkadot, and Solana. This hype is because of its active developer community, and Shiba Army fam. The fame of Shiba Inu is increasing every day. But, is this fame enough to make shib holders millionaires?


The fame of Shiba Inu is not empty. We all know that Shiba Inu has the most active developer community and support from many major celebrities like Elon Musk and Vitalik Buterin.  


Is this the right time to invest in Shiba Inu?


According to us, Shiba Inu is under the development phase and is not a meme token anymore. The price of Shiba Inu can surely cut few zeroes out after this confirmed token burn and Robinhood listing. Today, Shiba Inu's price is diving a dip, so if you were planning to buy Shiba Inu, this is the best time to do a purchase. 


Also, We received so many comments and emails related to the 10 trillion tokens received back from India Covid Relief Fund. Many of you guys asked that what will happen to these tokens?, and if they are releasing them back to Shiba Inu market supply, it will definitely drop the Shiba Inu Price. 


India Covid Relief Fund


Yes, it is true. But, the Shiba Inu community gave a perfect solution for that and those massive 10 trillion tokens are not going to affect Shiba Inu's price. What did they do?. and how they are planning with those 10 trillion massive token supply?. We are going to create a separate informative article for this and We are collecting more insight information for that massive transaction. We will share that information with you guys as soon as possible. 


Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the content as such. The content in this article is for educational purposes only and hence should not be considered as financial advice. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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