Shiba Inu’s Burning Program Continues to Destroy Tokens
Shiba Inu’s burning program has been successful, with over 2.3 billion tokens destroyed last month, amounting to over $17,500. This was accomplished through 426 transactions.
Potential for Shiba Inu to Outperform Dogecoin
A Twitter user known as “Shib Informer” suggests that Shiba Inu has the potential to outperform Dogecoin if technical improvements are made. The user believes that mass adoption and increased utilization of Shibarium, a layer-2 scaling solution launched in August, are key factors that could drive the value of SHIB up.
Shibarium: A Solution for Lower Fees and Faster Transactions
Shibarium is a layer-2 scaling solution designed to improve the transaction fees and speed of Shiba Inu. By implementing Shibarium, Shiba Inu aims to surpass its competitors and enhance its overall performance in the market.
If you want to learn more about Shibarium and how it can benefit Shiba Inu, watch the video below:
Hot Take: Shiba Inu’s Potential for Success
With its burning program effectively destroying tokens and the introduction of Shibarium as a scalable solution, Shiba Inu has the potential to outshine Dogecoin. The key lies in achieving mass adoption and utilizing Shibarium to its full extent. By lowering transaction fees and improving speed, Shiba Inu can solidify its position in the crypto market and attract more investors.
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