Bigger Entertainment CEO Reveals How SHIB Can Get to $0.01 -Breaking
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1.32 Billion SHIB destroyed in January: Bigger Entertainment CEO shows how SHIB could reach $0.01The news continued to focus on price drops in January. However, SHIB, which continues its deflationary path by burning SHIB tokens and continuing with destruction.
According to the official tracker of Shiba token burns, ‘Shibburn,’ 1,321,145,209 SHIB tokens have been destroyed across 293 different transactions. Shibburn reported;
1 321,145,209 $SHIB tokens has been used in January. There were 293 transactions. #shibarmy
— Shibburn (@shibburn) February 1, 2022
Shiba Inu’s January concluded by destroying 56.6 million SHIB tokens in 11 transactions, bringing the total amount of SHIB burnt since the start of December to 3.393 billion SHIB tokens.
Since Ethereum’s Vitalik Buterin introduced token burning to the Shiba Inu project, 410,301,843,009,529 (41.03018%) tokens have been destroyed from its initial supply of 1 quadrillion.
The Flipside
- January’s burn of 1.32 billion SHIB tokens represents a decline of 36.37% from December when 2.07 billion SHIB were destroyed.
What SHIB can do to reach $0.01
Steven Cooper, owner of Bigger Entertainment believes that this dream is possible, even though it may sound like an impossible goal.
Cooper assured the Shiba Army that Bigger Entertainment would focus on bringing people – whether they are familiar or unfamiliar with crypto in general – to help destroy SHIB tokens.
Cooper said that entertaining people, in addition to burning SHIB is one way to increase the SHIB price to $0.01. Cooper tweeted:
It is not our goal for #shib holders always to throw away their coins. We want to share music, YouTube videos, merchandise, NFTs, and other information to people outside #shibarmy. It is this way that we can reach our.01. Building an ecosystem that allows people to burn without knowing. Entertainment.
— Steven Cooper (@iamstevencooper) January 30, 2022
Why you should care
Shiba Inu plans to raise the value of SHIB tokens through a reduction in the SHIB amount and by adding utility to the network.
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