Solana News Today: Could Shiba Inu's Deflationary Push Outpace Ethereum?

Shiba Inu (SHIB) has shown a dramatic 15,071,035% surge from its all-time low of $0.00000000008165 to its current price of $0.00001231 since its launch in August 2020. Despite this impressive rally, analysts like LuckSide Crypto, Sheriff, and Coinpedia Markets remain bullish, suggesting the token could target a price of $0.001. However, achieving this milestone would require an 8,023% rally from current levels and present a market cap exceeding $589 billion, surpassing Ethereum’s current valuation of $519 billion [1].

A significant barrier to this growth remains SHIB’s massive token supply of approximately 589 trillion. To reach the $0.001 target, large-scale token burns are seen as a crucial factor by skeptics. Multiple mechanisms are currently in place to drive deflationary pressure on SHIB. For example, Shibarium, the L2 blockchain launched in August 2023, has already burned over 50 billion tokens by allocating a portion of transaction fees to token destruction. The effectiveness of these burns is directly proportional to transaction volume [1].

Other initiatives include integrating SHIB into crypto payment gateways like BitPay, where a 1% transaction tax could be automatically burned. Additionally, NFT projects themed around SHIB, such as Shiboshi and SHEboshi, are designed to trigger SHIB burns with each mint or trade. These efforts are further complemented by exchange-led campaigns, with platforms like Binance, Coinbase, and Kraken potentially implementing trading taxes to fund periodic SHIB burns [1].

Community participation is also a key component of SHIB’s deflationary strategy. Projects like the Karma Reputation System are encouraging holders to burn tokens by offering experience points for participation. With 90% of SHIB holders currently in profit, increased community activity could further accelerate the token’s supply reduction and upward price movement [1].

In parallel, investors and traders are shifting focus to altcoins with higher growth potential, such as Remittix (RTX), a PayFi-focused platform that has raised over $24 million in its presale. With 645 million tokens sold at $0.1030 each, Remittix has already secured listings on BitMart and LBank and is set to launch a beta wallet in Q3 2025. The platform offers real-time FX conversion and low-cost crypto transactions, targeting real-world use cases in cross-border payments [3].

Bitcoin and Solana remain strong in the broader crypto market. Bitcoin is currently trading above $110,000, with technical indicators like the RSI and MACD signaling potential for further gains. Solana, despite mixed price action, continues to attract institutional interest, especially with the Alpenglow upgrade reducing transaction finality to 150 milliseconds [4].

However, amid these developments, the growing interest in altcoins like Remittix highlights a shift in investor strategy. While Bitcoin serves as a safe haven and Solana delivers DeFi innovation, altcoins with real-world utility and strong community engagement are becoming focal points for high-growth opportunities. Remittix’s presale success, combined with its deflationary tokenomics and CertiK audit, positions it as a compelling investment for those seeking substantial returns [3].

Source:

[1] title1 (https://thecryptobasic.com/2025/09/06/here-is-how-shiba-inu-can-reach-0-001-by-reducing-supply-with-these-5-methods/)

[2] title2 (https://thetradable.com/crypto/shiba-inu-coin-price-prediction-is-a-breakout-ahead-ig--m)

[3] title3 (https://coincentral.com/solana-price-today-why-remittix-is-going-viral-after-raising-over-23-9-million-in-record-breaking-presale/)

[4] title4 (https://www.cryptopolitan.com/bitcoin-at-110000-is-a-safe-haven-but-remittix-offers-a-rare-7000-moonshot-opportunity-over-solana/)