Zach Humphries thinks Shiba Inu’s native token, SHIB, would rally to $0.0001 in the upcoming bitcoin bull run.
According to Humphries, planned token burn and gaming implementation could influence SHIB’s price development.
Humphries believes gaming is the easiest way for SHIB to transition from a meme coin to an actual utility token.
Renowned cryptocurrency investor Zach Humphries thinks Shiba Inu’s native token, SHIB, would rally to $0.0001 in the upcoming bull run. He noted that it is a target close to the meme coin’s all-time high of $0.000088.
In a recently uploaded video, the XT ALGO founder analyzed the various conditions confronting SHIB. He noted the impact of its token burn mechanism and how gaming implementation could influence its price development.
According to Humphries, there is limited information on the proposed Shibarium burning event. However, he highlighted the projection that the burning mechanism aims to reduce token supply strategically, potentially increasing the token’s value and benefitting its ecosystem.
The Shiba Inu team promised to begin testing the burning mechanism this January, and Humphries showed concern about the actu…
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