The Shiba Inu community is once again discussing its long-term strategy, focusing on decentralization and current market challenges.
Debates on Decentralization in the Shiba Inu Community
Current discussions within the Shiba Inu community highlight that the true nature of the project is complete decentralization. This vision was first articulated by Ryoshi, the anonymous founder who shunned centralized governance. Community members insist that Shiba Inu should remain a community-led initiative, which is what makes the project credible and unique.
Current Prices and Market Situation
SHIB is currently trading at around $0.00001256, reflecting a 1% decline in the last 24 hours. Its market capitalization is $7.40 billion, and trading volume has doubled to $212 million. Despite the volume increase, SHIB continues to demonstrate a bearish trend with lower highs and lows. Support is being tested at $0.00001250, and any further decline below this level may lead to a movement toward $0.00001220 and $0.00001200. Resistance is observed between $0.00001300 and $0.00001320. Analysts note that only a break of $0.00001340 may signal a potential recovery.
Token Burning and Staking
Shiba Inu continues to face the challenge of its massive circulating supply of over 584 trillion tokens. Since its launch, over 410 trillion tokens have been burnt indefinitely, strengthening scarcity on a long-term basis. However, burn activity has slowed down, with more than 20 million SHIB burned in the last 24 hours, representing a 44% drop from previous levels. Meanwhile, over 4.6 trillion SHIB are staked as xSHIB, which further reduces the circulating supply.
The Shiba Inu community is faced with the choice of maintaining its decentralized origins or adapting to market fluctuations. Given the threats to support levels and slowing burn activity, the token's next move could prove decisive for both traders and long-term holders.
