SHIBA INU ROCKET (HODL) DOGECOIN KILLERSHIBA INU BURN INFO & LISTINGS
In the long run, however, I’ll contend that Coinbase influence won’t be the primary catalyst for higher SHIB prices.
Rather, it will be the Shiba Inu token’s value as a hedge against the dollar’s inevitable decline in value.
Remember, the annualized US dollar inflation rate has been 5% or greater for four consecutive months.
While the government continues to print up dollars, Shiba Inu’s developers are taking swift action to prevent the cryptocurrency’s devaluation.
Not long ago, the project’s developers announced what’s known as a coin burn.
This means that a coin holder transfers a portion of his or her assets to a wallet which nobody can access.
In effect, this destroys those coins and thereby reduces the cryptocurrency’s total supply.
SHIB started with a supply of 1 quadrillion, but the Shiba Inu team gave 50% of it to Buterin , who burned most of that in a “dead wallet.”
Recently, the token’s developers tweeted that they “have implemented a burn procedure to reduce” the supply.
Moreover, they revealed a $25,000 SHIB burn that has already taken place.
The Bottom Line
Traders should keep an eye out for more coin burns in the near future. In the dynamic between supply and value, less is definitely more.
Sure, it’s possible to own Shiba Inu tokens for their moon-shot potential. After all, a timely tweet could send the price higher instantly.
You’ll have the backing of the coin’s developers, who are serious about keeping the supply under control.
SHIBA INU is now listed on coinbase / binance / etoro / webull and many more
DONT MISS OUT
more platforms listing soon as well
The Shiba-Inu-themed token is one of the top 10 most mentioned cryptos on Twitter alongside BTC , ETH, DOGE, ADA
