Bitcoin News Today TheBitTimes.com

Shiba Inu (SHIB) fans and investors have long pursued higher prices for the popular cryptocurrency. The one-cent and $1 price points are particularly popular targets for the Shiba Inu community. The one barrier holding SHIB from hitting the one-cent or $1 target is the project’s massive supply. There are about 589 trillion SHIB tokens in circulation. If the price of each token hits $0.01 or $1, the project’s market cap would reach an unrealistic high figure. The only way for the coin to hit the $1 mark is for the project to drastically reduce its supply. Can Shiba Inu Burn Enough Tokens to Hit the $1 Mark? Source: Craiyon.com One of the most substantial catalysts for SHIB’s incredible 2021 rally was Vitalik Buterin‘s token burn. The Ethereum co-founder received half of SHIB’s entire supply after launch. Buterin decided to burn 90% (around 410 trillion) of the coins he received. The move led to a massive supply dip and a sudden rise in prices. It is highly u...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...