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  • Reviewed by: Zafar Naik
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    Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

    • 2 minutes read

    New SHIB Burn Mechanism Announced Through Gaming Push

    Story Highlights
    • Shiba Inu is introducing gaming rewards that also burn tokens to boost long-term valueย 

    • Analysts predict SHIB could surge over 150% if current momentum holdsย 

    • The project is moving toward full decentralization with upcoming community electionsย 

    Shiba Inu continues to evolve with new ways to earn and burn tokens through gaming, while making bold moves toward full decentralization.ย 

    Lucie, the Shiba Inu marketing lead, recently shared some key insights about SHIBโ€™s development and innovative token burning strategies. 

    SHIB: Still the Peopleโ€™s Coin 

    Lucie emphasized that despite many projects claiming to be the โ€œnext SHIB,โ€ none share the same vision or authentic community spirit. She claims that SHIB remains, and will always be โ€œthe peopleโ€™s coinโ€, built on trust, dedication, and a passionate community.

    However, building on SHIB is not as easy as the hype suggests.

    Lucie explains that it requires funding, and currently, there is no dedicated SHIB treasury or direct access to the token supply to finance projects.

    This means that any new product has to prove it can generate revenue before it can be built. She stressed that understanding these financial realities is crucial, rather than spreading unrealistic expectations on social media.

    Gaming That Pays and Burns SHIB

    The SHIB teamโ€™s gaming projects are doing more than just entertaining players. They reward gamers with SHIB tokens while also helping to burn supply through Shibarium transactions, which could strengthen the tokenโ€™s value over time.

    Burning SHIB is crucial because it reduces the total supply, which can help increase the coinโ€™s value over time. As of now, Shiba Inuโ€™s burn rate has dropped by 89.17%, with just 276,576 SHIB tokens burned in the last 24 hours.

    Analysts See Breakout Potential 

    It is currently trading at $0.00001367, up 6% in the last 24 hours. 

    Analyst Javon Marks suggests that following a confirmed divergence earlier this year, SHIB might be gearing up for a big move. He predicts prices could surge over 156%, potentially hitting $0.000032, and this could be just the beginning of a larger upward trend.

    Shiba Inu aims to rival Dogecoin, the โ€œpeopleโ€™s currencyโ€ popularized by Elon Musk, even as Dogecoinโ€™s market cap stands at $35 billion, compared to SHIBโ€™s $7.9 billion. 

    Shiba Inu Moves Closer to Full Decentralization

    Shytoshi Kusama, a lead developer in the SHIB project, recently revealed that as Shiba Inu enters its fifth year, it is advancing toward full decentralization.

    Upcoming community elections will select an interim president and DAO councils to guide SHIBโ€™s next phase. The president will oversee the projectโ€™s multi-DAO structure and help manage the broader ecosystem, marking a significant shift toward community-led governance.

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    FAQs

    How is the Shiba Inu ecosystem evolving?

    The Shiba Inu ecosystem is expanding with new projects, including gaming that rewards players and burns tokens, and a move toward full decentralization with upcoming community-led elections for a new president and DAO councils.

    Why is token burning an important strategy for SHIB?

    Burning SHIB tokens is a key strategy because it reduces the total supply, which can theoretically increase the value of the remaining coins by creating scarcity, a core principle in economics.

    Is Shiba Inu good for the future?

    With the coming updates and strong community, Shiba Inu remains a strong candidate in the crypto world.

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