The anxiety surrounding the launch of Shibarium appears to have put the entire Shiba Inu community in anticipation. Despite its potential to power the SHIB ecosystem, renowned crypto expert Del Crxpto seems to believe that people still lack the full understanding of what the network has to unto for them. According to a statement made by Ringoshi Toitsuthis year, each transaction on the Shibarium network requires just one BONE token, which converts to an average fee of $0.02. This measure was meant to boost the coin’s adoption and eventually trigger the value of its tokens.
Seeing the shark supply of circulating tokens and tying it to the low cost of transaction, many SHIB holders have become embroiled in the concept of token burning and the impact it could have on SHIB’s landmark performance in the crypto market. Briefly looking at market stats, presented by CoinGecko, it appears as though SHIB has declined 1.1% in the past 24 hours, exhibiting a high and low of $0.00000809 and $ 0.00000764 respectively within a week. No doubt resistance persists, and SHIB start actively advancing up only with SHIB aggressively buying and burning tokens.