Shiba Inu’s Price Prediction – An Insight into SHIB’s Potential Post-Shibarium Burn!

It’s official – the Shiba Inu team confirmed in their latest blog that Shibarium will soon begin to burn SHIB tokens.

The announcement revealed that the Shibarium layer-2 network will introduce a new era of token burning and that they’ll enable users to initiate transactions on the network with decentralized apps (dApps).

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Since its release in August this year, 35 million transactions have already been initiated on the Shiba Inu’s Shibarium network.

In other news, the new token Meme Kombat ($MK) has officially reached $2.8M in its presale that’s been grabbing attention these past few weeks.

For investors, this is a race to profits for meme tokens – who will get to 100x first?

Let’s check out the details.

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Investors Are Talking about Post-Shibarium Burn – What Price Can We Expect Going Into 2024?

The team wrote on the Shiba blog that “starting in January, the mechanism will evolve into an automated system. This phase will witness multiple upgrades to enhance efficiency and reliability. The automated burn process will operate based on predefined rules, making it more efficient and transparent”.

As we have seen, Shibarium plans to allocate 70% of the base fees generated on the network to burn SHIB tokens. The remaining 30% will be utilized for network maintenance and operations.

These fees will be collected in Shibarium’s gas and governance token, BONE, which will later be converted into Shiba Inu tokens once it reaches a $25,000 value threshold.

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Upon completing the conversion from Bone to Shiba Inu, Shibarium will initiate the burning of SHIB tokens, directing them to a dead wallet.

This burning process is automated, systematically removing tokens from circulation. The speed at which transactions are initiated on Shibarium will determine how quickly the value reaches the $25,000 mark.

Now, the prospect of Shibarium operating as a continuous burning mechanism could potentially drive SHIB towards a $0.01 price target.

From the beginning of December, we’ve seen profits up to 21%, but things have taken a slow turn since that point with the color red dominating market charts.

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Although, the SHIB community eagerly anticipates the removal of zeroes, with 2024 signaling a potential spike in SHIB prices due to these upcoming burns.

However, Shiba is far from the only meme token making headlines these days. One that has garnished investors’ attention in particular is Meme Kombat ($MK).

Not only has Meme Kombat raised $2.8M rapidly during its presale, but it’s also bringing some interesting technology and ideas to the market.

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Meme Kombat ($MK) Adding Real-World Utility with Staking Rewards as Presale Tokenomics Gain Traction

What distinguishes Meme Kombat ($MK) from other meme coins is its thoughtfully designed staking mechanism and tokenomics.

During the presale, 50% of the $MK tokens will be made available, with a breakdown of 10% for exchange liquidity, 10% for community rewards, and 30% for staking rewards.

This allocation ensures that the project remains 100% community-owned and decentralized, which helps build a loyal community and promotes price stability over the long run.

In terms of its staking mechanism, $MK holders can deposit their tokens on the Meme Kombat platform, earning an impressive 317% annual percentage yield (APY) at the moment. Additionally, users are required to stake tokens to access its features, leading to a significant portion of $MK tokens being locked up and reducing the available supply.

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Meme Kombat ($MK) Blends Advanced Betting Mechanisms and a Battle Arena for P2E Degens to Enjoy

Meme Kombat also stands out in the realm of Play-to-Earn (P2E) gaming by addressing common criticisms faced by first-generation P2E games. It tackles issues such as high entry costs and the prevalence of users who are more traders than gamers.

What sets the project apart is its unique blend of the playful, meme-centric nature of meme coins with the trend of crypto gambling.

Notably, users aren’t required to invest in expensive NFTs, unlike with most other projects. This approach to improving P2E experiences holds substantial potential for positive outcomes.

The project centers around a gambling mechanism where users use the $MK token to bet on the outcomes of battles featuring their favorite meme characters. Multiple game modes are available, including player vs. player matches and various player vs. computer modes. The player vs. player mode introduces a competitive edge to the platform, enhancing its community aspect.

A player vs. game mode leverages traditional odds mechanics, ensuring transparent gambling with predetermined outcomes and many events to bet on.

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Dogecoin Comes Out with Exciting News Regarding Its Moon Expedition

A few weeks ago, Dogecoin’s DOGE-1 mission to the moon got a nod from the National Telecommunications and Information Administration (NTIA).

This approval is a crucial step, with the final go-ahead from the Federal Communications Commission (FCC) being the last challenge for Dogecoin’s lunar mission.

The plan involves launching the DOGE-1 satellite into lunar orbit, making history as the first satellite fully funded by Dogecoin (DOGE).

The SpaceX Falcon 9 rocket is set to carry DOGE-1 into space, as Elon wants to show the crypto’s aspirations “beyond Earth”. Investors are optimistic, seeing this as the beginning of a promising journey.

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Conclusion

We’ve seen an exciting few weeks for meme coins around the market – from Shiba’s new burning plans to Meme Kombat’s innovative features and staking mechanism.

And while tokens like Shiba Inu and Dogecoin have the potential to burn a few zeroes in the following months, it seems as though Meme Kombat is prime to outperform them going into 2024.

With the Battle Arena, staking mechanism, and growing community of players, many market analysts believe that Meme Kombat is the next 100x token to keep an eye on.

Luckily, those who want to capitalize on that can still capture the low price point and become early presale investors.