The Shiba Inu (SHIB) crypto asset may have some ambitious price goals ahead of it, with a community member speculating that it could reach $1 or even higher in the near future. According to the computation, which is based on the current market value of $0.000027, the path to this destination is to burn a potential 111 trillion SHIB tokens each year from a combination of assets within the Shiba Inu ecosystem such as Metaverse land renames, ShibaSwap, and Shibarium.

The first participant in this burn computation is Metaverse land renames, which cost $100 worth of SHIB for each rename. At the current market rate the SHIB token, which is the native currency of the Shiba Inu, equates to 3.7 million SHIB. This means that if all 96,288 plots of land become newly renamed, the sum total of all burned SHIB tokens would be estimated to be 356.6 billion.

Then we have ShibaSwap, the decentralized exchange built on the Binance Smart Chain. Its much-anticipated 2.0 upgrade is expected to draw more users and a higher trading volume. This would mean that at a monthly volume of $10 billion, 370 trillion SHIB could be burned in the form of 1% of its daily transaction fees. If the trades double its current value, it could reach 88 trillion in burn potential.

As for Shibarium, the already-released layer 2 network for the Shiba Inu ecosystem, it could burn up to 70% of its base network fees. It is estimated to accumulate $5 billion in its on-chain trading volume monthly, ultimately amounting to 22.2 trillion in burned SHIB tokens every year. Taking all these numbers into account, 111 trillion SHIB could be potentially burned each year.

Investors remain focused on how these computations could play out in the future, where the SHIB coin is currently trading at $0.00001137. If the burning of 111 trillion SHIB tokens becomes a reality in the near future, it will be interesting to see if it can live up to its $1 valued promise.



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