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[ammu40]

Shiba Inu experiences surge in burn rate, burning over 202 million SHIB tokens, and surpassing 400 trillion total burnt tokens. Burn rate subject to fluctuations based on various factors including token price and market conditions. Despite launch of Shibarium, SHIB's trading volume has not significantly increased. SHIB's price has been on an upward trend for the past two days, with a modest gain over the past 30 days, moving from being undervalued to slightly overvalued.

 

[Riberet19]

hopefully Shiba inu in the long run continues to burn more tokens and its total supply will decrease and that we can change the category token and not call it more shitcoin, if it really becomes a somewhat more deflationary token.

 

[Japhnet]

Well a lot of shiba tokens have been burnt over the past few months and i think it's only rational that it's experiencing an uptrend. Well to be fair it has been quite disappointing since it's expected to increased more than it's current value over the last few months.

 

[Gamer01]

The owner of the shib does not have that much influence to make people to buy it elon musk for example can take a tweet and can make the market jump by up 30% in a day people should leave shib now and should focus on the dogecoin option if they want to be rich indeed actually .

 

[Gen Evie]

Shiba Inu (SHIB) burn rate is up an enormous 8733.78% in the last 24 hours, according to the Shibburn website. The burn rate of a token corresponds to a portion of the supply being sent to a burn token address, with the idea of putting deflationary pressure on a cryptocurrency's supply/demand dynamic.

 

[fiery phoenix]

Burning SHIB supply will help price surge for a short time but SHIB will still plunge back to lower levels.Im sure SHIB is for speculators not for holding long term as an investment.Though its market cap of $12B is a quite convincing for someone to invest in it right now

 

[Gamer01]

We should be investing in coins and project with a real possible growth and not with a project that is just able to make us having some profits and more losses actually because they work just like hype indeed actually .

 

[fiery phoenix]

We should be investing in coins and project with a real possible growth and not with a project that is just able to make us having some profits and more losses actually because they work just like hype indeed actually .

I agree with you,Shiba inu is just a project for jokes,imagine someone can just post a meme of a dog on twitter and people will go and buy SHIB,pumping the coin for no reason.These coins do not have sustainable growth but ups and downs sponsored by hypes,sentiment and social media influence

 

[Gamer01]

I haven't invested a penny in doge Or shib because I believe they themselves do not have the potential and those who buy it just take a high amount of risk for their portfolios actually indeed which they should not be doing .

 

[Yohanna]

It is very possible for shiba inu to increase when it is burned because that is aimed specifically to increase the market value of the token. Subsequently, it is one of the activities that is carried out to reduce the supply of a shiba inu and increase its market value.

 

[Gamer01]

Yes but it does not creates that much of an impact till now and that is why you should be careful about it going to the moon because it will take years it's not that much hype there now and people know about it .

 

[gammarays]

Hopefully we'll get to a stage where most of the supply is burnt to reach the supply of Doge or even less. There might not be a visible price action now but one can expect a surge in price to happen at any time especially during the next bull run.

 

[Gamer01]

I do not believe that these coins have a utility at all they are just mere hype and speculation and the people who have invested in the project lately are mostly into loss actually because of the bad performance indeed .

 

[Margery]

As you rightly pointed out, the burn rate of SHIB tokens is subject to fluctuations, and it can change depending on various factors, including the price of the token and market conditions. It is also important to note that a rise in the price of SHIB is not always an indicator of the success or strength of a coin. As with any cryptocurrency, the price of SHIB is subject to volatility and can change quickly and unexpectedly. It is important to be careful when investing in cryptocurrencies and not to put all your savings on the line.

 

[Gamer01]

Indeed you are right the market is falling like its a crap it has fallen about 15% in 4 days you can neber trust it actually i believe that if it falls more i will stop trading in crypto forever because i can not have that much loss indeed actually .

 

[Gamer01]

Indeed we can never put our life savings on it we can always invest in coins only that are stable and we should make sure taht we do proper risk calculation and strategy development before it actually indeed so that we can grow up .