What is Shiba Inu burn portal?

Shiba Inu Official Burn Portal Finally Launches, As 10.9 Billion SHIB Burnt in Two Days. The Shiba Inu development team has finally launched the long-anticipated SHIB burn portal, to enable members of the SHIBArmy to reduce the token’s circulating supply, and ultimately boost its value.

Is the Shiba coin burn a good thing?

Some believe that the SHIB coin burn will result in the price of the crypto soaring higher over time. However, others have a more negative look. They believe that this move will result in a much smaller growth than what Shiba Inu holders are likely holding out for.

Did Vitalik Buterin burn Shiba Inu?

Shiba Inu (CCC: SHIB-USD) investors just got some good news in the form of a SHIB coin burn by Ethereum (CCC: ETH-USD) co-founder Vitalik Buterin. Here’s everything investors in the doge-base cryptocurrency need to know about the SHIB coin burn. Buterin was gifted a large sum of Shiba Inu coin by the creators.

What is Shiba Inu cryptocurrency?

Shiba Inu is a meme cryptocurrency that describes itself as a competitor to Dogecoin, though it is currently worth a lot less. Shiba Inu tokens were priced around $0.000016 each at the time of writing, according to CoinMarketCap. What does burning crypto mean?