Shiba Inu: Launch of the Shibarium promises astronomical course jumps and wealth for the community - is that realistic?

Shiba Inu: Launch of the Shibarium promises astronomical course jumps and wealth for the community - is that realistic?

Shiba Inu faces an exciting future: The start of Shiba Inu Layer 2 (L2) Shibarium is imminent and could boost the combustion rate of the Shib token to an unknown extent. Some enthusiasts assume that this could lead to astronomical course jumps and bring wealth long -awaited to the entire community. But how realistic is that?

Some Shiba Inu investors firmly believe that the start of Shibarium of the Shib-token is given a strongly deflationary character. This optimistic forecast is based on the fact that five trillion Shib tokens should be burned every month. Shib Bezos, a well -known enthusiast, shared this estimate in a tweet.

In the tweet, the conviction also expresses that Shiba Inu will experience a massive bull market this year. Other members of the community are also convinced and expect Shibarium's launch as part of the Blockchain Futurist event in August.

However, the combustion rate would have to increase significantly so that Shib can actually record such a massive increase. There are currently around 579.1 trillion shop tokens in circulation, so it would take about five years to burn half of them. The prerequisite for this is, of course, that Shibarium actually achieves a monthly combustion rate of five trillion.

The combustion rate of Shiba Inu is currently 91.67 million tokens per day, which corresponds to an increase of 7,329 % in the last 24 hours. If this momentum continues, this would correspond to 2.75 billion tokens per month and 33 billion a year.

In order to fulfill the forecast, however, the combustion rate would have to increase by a further 212,665 %. There is a general consensus that Shibarium will increase the token burning rate, but the extent remains to be seen.

Shibarium is to burn together with 70 % of the Basist action fee of the Ethereum blockchain Shib-token. However, the contribution from Shibarium to the combustion rate largely depends on its adaptation, which includes the number of projects on the L2 and the number of users: inside.

It is worth noting that the Puppynet testnet only went live on May 10, 2023 and has already processed over 30 million transactions in over 1,730,420 blocks. The average block time is only five seconds, and the network already records over 17 million wallets. So the project already seems to arouse a certain interest.

Nevertheless, many enthusiasts look at these forecasts skeptical and rather refer to them as wishful thinking. Even based on the current metrics, a monthly combustion rate of five trillion Shib is extremely unlikely, although it is theoretically possible.

According to the leading developer of Shiba Inu, Shytoshi Kusama, this mechanism alone cannot significantly influence the ShiB course. It is therefore necessary to create a real benefit, which is also the goal of Shibarium.

Overall, it remains to be seen how Shibarium and the combustion rate of the Shib token will develop. The hope for astronomical course jumps and wealth is there, but reality could look different. The Shiba Inu Community is looking forward to the start of Shibarium and the further course of the project.