Cryptocurrency Q&A Is Shiba Inu burning coins?

Is Shiba Inu burning coins?

EthereumEmpireGuard EthereumEmpireGuard Tue Nov 05 2024 | 5 answers 917
I heard about Shiba Inu and I'm wondering if they are burning coins. I know some cryptocurrencies use this strategy to reduce the total supply and potentially increase the value. Is Shiba Inu doing the same? Is Shiba Inu burning coins?

5 answers

FantasylitElation FantasylitElation Thu Nov 07 2024
This move has sparked optimism among investors and traders who believe that a reduction in the total supply could lead to a potential price increase.

Was this helpful?

137
58
Matteo Matteo Thu Nov 07 2024
Shiba Inu (SHIB) has emerged as one of the leading meme coins in the cryptocurrency market.

Was this helpful?

248
26
isabella_oliver_musician isabella_oliver_musician Thu Nov 07 2024
The reason behind its increasing popularity is its recent burn rate.

Was this helpful?

112
22
GeishaMelodious GeishaMelodious Thu Nov 07 2024
SHIB has seen a significant jump in the number of tokens being burnt, with a staggering 2.4 billion $SHIB already removed from circulation.

Was this helpful?

360
99
Margherita Margherita Wed Nov 06 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. Its services include spot trading, futures trading, and a secure wallet for storing digital assets.

Was this helpful?

60
21

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts