has started testing the burn portal developers announced last month. By burning the tokens, the supply is reduced, effectively making Shiba Inu deflationary. According to a website which tracks the burning of Shiba Inu, over 410 trillion tokens have been burned so far .12 Mar 2022
Read moreHow much Shiba is burned?
Shiba Inu Burning: ShibArmy Burns 1.3 Billion SHIB in January.1 Şub 2022
Read moreWhat happens if a Shiba gets 1 cent?
With a total supply of nearly 590 trillion SHIB coins, hitting the $1 price point would result in a market capitalization just short of $590 trillion . Reaching $1 per token would mean that SHIB’s market capitalization would be roughly 650 times the market cap of Bitcoin.
Read moreHow many Shiba coins are there in the world?
There are currently 549 trillion SHIB coins in circulation. With that many coins in circulation, reducing the supply is the only realistic way for it to hit $1.
Read moreHow much Shiba Inu has been burned?
According to available data, a total of 410.30 trillion SHIB have been burned since the cryptocurrency was launched.
Read moreCan Shiba Inu burn enough coins?
First and foremost, a major coin burn — or several major coin burns — must take place. Burns put the coins out of circulation. And a smaller supply supports a higher price. The bottom line is, today, there simply are too many Shiba Inu tokens out there to make an increase to $1 possible .
Read moreIs Shiba Inu getting burned?
A total of 1 billion Shiba Inu ($SHIB) have been burned over the last 24-hour period , sending the meme-inspired cryptocurrency’s burn rate up over 12,000%. Over the last few days, well over 2.2 billion tokens have been burned.
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