Shiba Inu Price Predictions: How High Will the Valentine’s Day Token Burn Take SHIB?
If there’s one complaint the typical crypto investor would have about Shiba Inu (SHIB-USD), it’s probably the project’s huge total supply. There are hundreds of trillions of the tokens in existence and many believe that could be just what is holding its price down. But now, with developers starting to embrace token burning at a larger scale, SHIB prices could be sent on the rise very soon. As such, investors are taking a deep interest in Shiba Inu price predictions.
Supply weighs heavily on the decision of a fundamentalist crypto investor. It can greatly influence whether a project gets an investor’s money or not. And for Shiba Inu, the 1 quadrillion token supply it launched with was far too much. Unfathomable to visualize, the volume is thousands of times larger than $Bitcoin(BTC.CC$ volume. Even after gifting half of the total supply to $Ethereum(ETH.CC$ co-founder Vitalik Buterin — most of which was burned — the project has a supply of over 500 trillion.
However, things appear to be rapidly changing for the project. SHIB community members have been taking it upon themselves to burn the token in their own ways. These users usually provide some sort of good or service in exchange for SHIB. The vendors then burn much of the tokens by sending them to the project’s official burn wallet. This makes them inaccessible to even the project’s developers.
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Farosstar : No telling but it will rise again.
Susan BertolinoOP : crypto selling off for SPY dip buying funds
Giovanni Ayala :
dthetinttrap7 Susan BertolinoOP: are you saying in relation 6o spyware crypto like the Biden dollar ? spyware tokens to take over our life's if you let it . find ways to stay away from the carnage .
dthetinttrap7 : sorry just saw how old your post was ? but never the less take my warning with all seriousness. get your money out of U. S. banks