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Shiba Inu (SHIB) was quick to climb the crypto charts. SHIB is the 17th largest crypto project by market cap, with a valuation of about $12.15 billion. SHIB’s price skyrocketed during the 2021 bull run, rallying by many million percent. Early investors made massive gains while SHIB climbed the ranks. Also Read: How Much is the Value of 14k Gold? What’s Shiba Inu’s Price If Its Market Cap Hits $500 Billion? Source: Watcher Guru While SHIB has continued to display its strength as a top crypto contender, fans and investors wonder what the asset’s price will be if its market cap reaches far more significant figures. There are about 589 trillion SHIB tokens in circulation right now. Let’s assume the project’s supply remains unchanged while the market cap increases to $500 billion. In this scenario, the price of each SHIB token will rise to around $0.0008488 ($500 billion/589 trillion). Reaching $0.0008488 from current price levels will translate to a rally...

The Shiba Inu (SHIB) market has been lauded for an array of things, including the network’s utility and its efforts to move away from the “meme coin” tag. However, the community-driven project’s burn mechanism has been questioned by many. Several have suggested that Shiba Inu hasn’t sent enough assets into dead wallets. But Tron’s Justin Sun was seen praising the SHIB ecosystem for its burning mechanism. Also Read: High-Risk High Reward: 3 Cryptocurrency Coins With 10x Gain Potential Justin Sun’s Perspective On Token Burn Mechanisms SunPump’s Development And Token Burn Strategy Sun has been busy developing the first meme platform on the Tron network, SunPump. Amidst this, the network has been trying to kickstart the token burn process. Seeing advantages like deeper token liquidity and regulatory acceptability, the SunPump community first contemplated burning Liquidity Pool (LP) tokens. On-Chain Buyback And Burn Procedure Sun said SunPump would forgo t...