• Shiba Inu has burned millions of its tokens in an attempt to increase the coin’s price, but a new project called Metacade offers bigger potential gains.
• Metacade stands out due to its high utility token, which can fuel platform usage and drive up the token price even in bear markets.
• Shiba Inu is a meme coin project on the Ethereum blockchain that was inspired by Dogecoin.
Shiba Inu Burns Millions of Shib Tokens
Shiba Inu has burned millions of its tokens in an attempt to increase the coin’s price, but this hasn’t had much effect on the Shiba Inu price prediction due to its total supply of a quadrillion tokens.
Metacade Offers Potential for Unheard-of Gains
A new project offering potential for unheard-of gains is Metacade, which stands out due to its high utility token that can fuel platform usage and drive up the token price even in bear markets. The Metacade presale has already raised $5.4m at record speed, demonstrating investor confidence in the project’s prospects.
What Is Shiba Inu (SHIB)?
Shiba Inu is a meme coin project on the Ethereum blockchain that was inspired by Dogecoin and has seen more than 380 billion SHIB tokens burned since Ethereum founder Vitalik Buterin burned his bag of 410 trillion tokens back in 2021.
Token Burning as a Price Increase Induction Method
Token burning is one method used by crypto projects to induce an increase in price – with burnt tokens taken out of circulation and their value transferred to those still left. This approach isn’t having much effect on Shiba Inu though because it hasn’t been able to create enough momentum or progress within its ecosystem for buyers to keep coming back for more.
Metacade: A Prime Example of High Utility Token Use
By contrast, Metacade is utilizing its high level utility token to great effect – with investors drawn into buying at early stages after digesting contents from the whitepaper and understanding how powerful it could become when implemented properly. As such, it looks set to offer substantial gains that far outweigh those available through any single token burn event made by Shiba Inu or any other similar project
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