If we keep burning Shiba Inu for long enough the result will be dangerous.
Shiba Inu, one of the leading meme coins in the world is undergoing a massive burn in the coming days. The burn may affect its circulation and the total SHIB coins presently in circulation may take a further hit. At the moment, there are 550 trillion SHIB coins in circulation, as per the global cryptocurrency-tracking platform, CoinGecko. The prominent meme coin witnessed a steady rise for quite a while and entered the prestigious ranks in an October bull run to breach all-time highs. However, the coin observed a reversal of fortunes. For the last couple of days, the rate of its rise has slowed down.
The underperformance disappointed the SHIB Army, and its supporters, especially, on predictions of further fall in prices. According to the coin’s anonymous founder, Ryoshi, Shiba is scheduled for a massive burn in the coming weeks as the ecosystem may dive more into blockchain gaming and the metaverse. Investors...
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