{"id":630601,"date":"2024-07-19T23:00:41","date_gmt":"2024-07-19T23:00:41","guid":{"rendered":"https:\/\/www.wncen.com\/?p=630601"},"modified":"2024-07-19T14:25:10","modified_gmt":"2024-07-19T14:25:10","slug":"burns-shiba-inu-lunc-price","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/altcoin\/burns-shiba-inu-lunc-price\/","title":{"rendered":"Can Burns Send The Shiba Inu And LUNC Price To $0.01? Expert Chimes In"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-2-4-trillion-tokens\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Shiba Inu (SHIB)<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/bitcoinist.com\/lunc-ustc-revival-proposal\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Terra Classic (LUNC)<\/span><\/a><span style=\"font-weight: 400\"> ecosystems have become known for their regular token burns, which aim to increase the value of these coins. A computer engineer has given his opinion on this burn mechanism, revealing between Shiba Inu and LUNC, which will likely reach their <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-burns-bright-shib\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">desired goal of $0.01<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<h2>Will Shiba Inu And LUNC Reach $0.01?<\/h2>\n<p><span style=\"font-weight: 400\">Computer engineer Charu Bey suggested in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/CagriBey83\/status\/97248410\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> that only LUNC will likely reach its desired goal of $0.01 through its burn mechanism. He stated that the $0.01 price target is \u201c<\/span><a href=\"https:\/\/bitcoinist.com\/lunc-price-surged-20-why\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">not a dream for LUNC<\/span><\/a><span style=\"font-weight: 400\">,\u201d meaning it is more likely to become a reality at some point, although the engineer warned that it wasn\u2019t financial advice.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/altcoin\/movr-bulls-2000-surge-to-234\/\">MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent<\/a><\/div>\n<p><span style=\"font-weight: 400\">On the other hand, he expressed his sadness for Shiba Inu while suggesting that the meme coin\u2019s burn mechanism hasn\u2019t changed much, considering that the token still has a circulating supply of 589 trillion. He further remarked that the SHIB community is \u201cvery quiet\u201d about this development, unlike the LUNC community, which is still dissatisfied despite <\/span><a href=\"https:\/\/bitcoinist.com\/binance-major-catalyst-lunc-rally\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">burning millions of LUNCs daily<\/span><\/a><span style=\"font-weight: 400\">, with the token currently having a circulating supply of \u201conly\u201d 5.44 trillion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Shiba Inu and LUNC have adopted similar burn mechanisms, with some transaction fees earned deployed for token burns. LUNC has, however, had extra help considering that the world\u2019s largest crypto exchange by market cap, <\/span><a href=\"https:\/\/bitcoinist.com\/binance-major-catalyst-lunc-rally\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Binance,<\/span><\/a><span style=\"font-weight: 400\"> has also committed to burning trading fees earned from the token monthly. <\/span><a href=\"https:\/\/www.luncmetrics.com\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Data<\/span><\/a><span style=\"font-weight: 400\"> from LUNC Metrics shows that Binance has burnt almost 62 billion LUNC tokens (48.9% of total tokens burnt so far).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Shiba Inu has had to rely on the <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-shibarium-crashes\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">layer-2 network Shibarium<\/span><\/a><span style=\"font-weight: 400\"> for most of its token burns this past year. However, network activity on Shibarium has continued to slow at times, leading to a decrease in the rate at which Shiba Inu burns are carried out.\u00a0<\/span><\/p>\n<h2>How Token Burns Can Cause Shiba Inu To Reach $0.01<\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/shiba-burn-tracker.com\/shiba-inu-statistics\" rel=\"nofollow\"><span style=\"font-weight: 400\">Shiba Inu\u2019s burn tracker<\/span><\/a><span style=\"font-weight: 400\">, Shiba Inu\u2019s maximum circulating supply will need to drop to around 126 trillion for its price to reach $0.01. That means about 78.52% of the meme coin\u2019s circulating supply must still be burnt to achieve this goal. Crypto YouTuber Jeff once <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-will-take-years-burn-supply-100-billion\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">suggested<\/span><\/a><span style=\"font-weight: 400\"> that it was almost unlikely for <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-team-member-encourages-shib-holders\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Shiba Inu<\/span><\/a><span style=\"font-weight: 400\"> to reach this price target, claiming that it would take about 1.1 million years just for 100 billion tokens to be burned.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-not-ready-for-65000\/\">Crypto Analyst Says Bitcoin Is Not Ready For $65,000 Retest, But Can It Reach $71,500?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Crypto analyst Oscar Ramos <\/span><a href=\"https:\/\/www.wncen.com\/news\/shiba-inu-coin\/shiba-inu-price-cant-reach-0-01\/\"><span style=\"font-weight: 400\">previously suggested<\/span><\/a><span style=\"font-weight: 400\"> that Shiba Inu could reach $0.01 but added that he doesn\u2019t see the meme coin going above this level because of its circulating supply. He made this statement in reaction to a prediction by the <\/span><a href=\"https:\/\/www.wncen.com\/news\/cardano\/when-cardano-price-reach-45\/\"><span style=\"font-weight: 400\">price prediction website Telegaon<\/span><\/a><span style=\"font-weight: 400\">, which showed that Shiba Inu could reach $0.5 in 2040.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/9cedBKTJ\/\" alt=\"LUNC price chart from Tradingview.com (Shiba inu)\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">LUNC price moves up | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">LUNCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Shiba Inu (SHIB) and Terra Classic (LUNC) ecosystems have become known for their regular token burns, which aim to increase the value of these coins. A computer engineer has given his opinion on this burn mechanism, revealing between Shiba Inu and LUNC, which will likely reach their desired goal of $0.01.\u00a0 Will Shiba Inu And LUNC Reach $0.01? Computer engineer Charu Bey suggested in an X (formerly Twitter) post that only LUNC will likely reach its desired goal of $0.01 through its burn mechanism. He stated that the $0.01 price target is \u201cnot a dream for LUNC,\u201d meaning it is more likely to become a reality at some point, although the engineer warned that it wasn\u2019t financial advice.\u00a0 Related Reading: MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent On the other hand, he expressed his sadness for Shiba Inu while suggesting that the meme coin\u2019s burn mechanism hasn\u2019t changed much, considering that the token still has a circulating supply of 589 trillion. He further remarked that the SHIB community is \u201cvery quiet\u201d about this development, unlike the LUNC community, which is still dissatisfied despite burning millions of LUNCs daily, with the token currently having a circulating supply of \u201conly\u201d 5.44 trillion.\u00a0 Shiba Inu and LUNC have adopted similar burn mechanisms, with some transaction fees earned deployed for token burns. LUNC has, however, had extra help considering that the world\u2019s largest crypto exchange by market cap, Binance, has also committed to burning trading fees earned from the token monthly. Data from LUNC Metrics shows that Binance has burnt almost 62 billion LUNC tokens (48.9% of total tokens burnt so far).\u00a0 Meanwhile, Shiba Inu has had to rely on the layer-2 network Shibarium for most of its token burns this past year. However, network activity on Shibarium has continued to slow at times, leading to a decrease in the rate at which Shiba Inu burns are carried out.\u00a0 How Token Burns Can Cause Shiba Inu To Reach $0.01 According to Shiba Inu\u2019s burn tracker, Shiba Inu\u2019s maximum circulating supply will need to drop to around 126 trillion for its price to reach $0.01. That means about 78.52% of the meme coin\u2019s circulating supply must still be burnt to achieve this goal. Crypto YouTuber Jeff once suggested that it was almost unlikely for Shiba Inu to reach this price target, claiming that it would take about 1.1 million years just for 100 billion tokens to be burned.\u00a0 Related Reading: Crypto Analyst Says Bitcoin Is Not Ready For $65,000 Retest, But Can It Reach $71,500? Crypto analyst Oscar Ramos previously suggested that Shiba Inu could reach $0.01 but added that he doesn\u2019t see the meme coin going above this level because of its circulating supply. He made this statement in reaction to a prediction by the price prediction website Telegaon, which showed that Shiba Inu could reach $0.5 in 2040. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876],"tags":[6664,90232,14690,91847,86067,83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-630601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-crypto","tag-crypto-expert","tag-crypto-news","tag-expert","tag-lunc","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Can Burns Send The Shiba Inu And LUNC Price To $0.01? Expert Chimes In<\/title>\n<meta name=\"description\" content=\"The Shiba Inu and LUNC ecosystems have become known for their regular token burns, which aim to increase the value of these coins.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wncen.com\/altcoin\/burns-shiba-inu-lunc-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Burns Send The Shiba Inu And LUNC Price To $0.01? 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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