SHIBA INU TOKEN BURN RATE UPDATE

Hey Shiba Army welcome back to another Shiba Inu coin update, in today article are going to be taking a look at the Shiba Inu token burn rate or Shiba Inu coin token burn

so let’s go ahead and take a look at this Shiba Inu token burn but before that a quick disclaimer

Disclaimer: The above statement is based on an opinion. I’m not a financial adviser, so don’t take this as investment advice as the crypto market is very volatile and risky, so let’s get into today’s topic

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Shiba Inu token burn rate

so if you visit satoshi’s medium website you could see that we were leaked to actually have a burning feature implemented

now we’re going to be breaking down what this burn feature will mean for the Shiba Inu token and how much it will actually increase

the price so let’s go ahead and scroll down to the part where it says NFT project, it looks something like crypto punks you have a ton of

different Shiba Inu nfts right there, now if we actually scroll down in the meantime, shiba Inu will introduce our first official nft set we’ve seen amazing nfts from our

community in the past but this nft set is a group of 10 000 Sheba nfts with special attributes reminiscent of crypto punks and hash

mask any of these amazing nfts are great addition to your crypto wallet best of all the team is investigating ways to implement ship burns into the

system to change the attributes of your purchase nft, I hope it destroys the fud surrounding Shiba and helps the community

realize what exactly we are building and our evolution from a meme token to a truly decentralized ecosystem and guys we have taken a look at this

the whole article and what it means to Shiba token and it’s titled Shiba Inu phase two incoming on the channel.

Why SHIBA INU PRICE IS GOING UP?

Shiba Inu coin token burn 2021

so let’s go ahead and talk about it so they say we’re investigating ways to implement Shiba burns into the system to change the attributes of your purchase

nft so we would just think that you know whenever you know nfts are purchased they’re either purchased using shiba tokens and those amounts of shipped

tokens are burned in a pool of pretty much whatever is purchased or you know they’re purchased normally with ethereum and then you know

they pretty much go in then buy Shiba Inu tokens with the eat that they got and received from the purchases from the nfts the total sales

and then they actually go ahead and burn those tokens however I think it is definitely something far different they say we’re

investigating ways to implement Shiba burns into the system to change the attributes of your purchase in ft basically meaning that whenever this

contract is resold it seems like now this is just suspicion and this is just my speculation on what is going to happen but whenever an nft is resold there is

most likely going to be a tax on that that will actually burn Shiba Inu tokens which is what we need guys we don’t need a 10x on our token we don’t even need

a four percent tax on our token because for utility, later on, that is just gonna bite us in the back okay we do not need that and

the contract has already been renounced the contract is no longer changeable so I don’t think we will be seeing that

I think we will be seeing this nft burn and whenever these nfts are burned we will see or one of these nfts are pretty much resold or bought they will see an actual

burn which is awesome guys and we have never seen this in the day before a burn on this nft or something like this so this is going to be absolutely

amazing obviously they could also burn the amount that they generate in revenue in Shiba tokens after that you know sell all these nfts because i

assume that most of them are going to sell pretty quickly so if you guys are interested in getting your hands on one of these nfts make sure to stay tuned on our website.

Shiba Inu Price after coin Burning Update

now I want to go ahead and talk about what’s going on with Shiba Inu price as well guys right now ship price is pretty stagnant and we’re gonna even go

ahead and take a look right here it down points nine six percent for a market cap of two point four billion and we have been sitting at this market

cap for quite some time right now okay we’ve been in this 2.4 billion mark for quite a while now if we actually zoom into the one-minute charts recently

with ship token, you could see pretty stagnant.

Why SHIBA INU PRICE IS GOING UP?

now, what is happening?

In my opinion, is these whales are trading these micro dips so pretty much, what we are seeing is we are seeing micro dips and micro gains so what

they are doing is they are using whale size positions over a hundred thousand dollars over five hundred thousand dollars and

they are trading this because it’s not making much of a price impact they could easily trade a hundred thousand dollars without making a huge

price impact so pretty much what is happening right here is they are you know buying in on these low positions for what you know 200 000 then they are

you know pretty much selling at these peak positions which would be what you know four thousand dollars profit if they make

you know or eight thousand dollars profit, if it’s a four percent increase in price now eight thousand dollars profit, is a lot but when it’s compared to a 200 000 position it is not a lot guys

now if they put in you know 200 instead of 200 thousand dollars you would only make literally eight dollars it wouldn’t be worth it however when

they are doing 200 000 and they’re making 8 000 it definitely is worth it for them they are swing trading this token very much which is causing us to

just stay stagnant guys the whales are killing the token right now however if we take a look at the whales over you could see Binance bringing in more

tokens crypto.com bringing in more tokens this wallet actually bought 32 billion Shiba Inu tokens this wallet over here bought 18 million

this one bought 12 billion, this one bought you know 3 billion guys we are seeing massive purchases which is absolutely amazing, and just yesterday we

saw some huge you know hundred million or 100 billion dollars or not a dollar 100 billion token purchases which is what we want to

see the power back in the hands of communities guys the community needs to get their hands on the token and not swing trade guys

I am all for whales being in tokens as long as they are holding but if they are swing trading the token guys it’s just gonna kill the token it’s just gonna

continue to see the stagnant price that we have been seen

now to talk about the volume is around 200 million dollars in volume which isn’t too bad, however, we definitely need to get it up

and the reason why I say that is because the main reason for this volume is because they are swing trading these tokens guys

they are pretty much you know buying and selling those micro dips as we said which is causing us to have that constant 200 million dollar volume

now if we actually see more volume increase and more demand for Shiba Inu token then yes we’re going to continue to see a price increase

because cryptocurrencies are based on the supply and the demand of a token obviously we have the supply but we do not have the demand right now

Shiba Inu coin token burn Result, what will happen?

and to talk about the supply I want to go ahead and talk about this burn and what I think is going to happen so if we take a look at the ether scan

there are currently 612 000 holders and obviously, our max total supply is gonna be at that one quadrillion mark however our current circulating supply

is gonna be a lot lower so if we actually, take a look over at our circulating spy and I want to subtract this dead wallet so we’re gonna

take this 999 or whatever that’s going to give us pretty much 5.8 or 580 trillion now we’re going to take this price point right here

now guys we got to keep in mind that some of these tokens are being held by centralized exchange listings

some of these tokens are being held by you know big listings as well as India crypto covered relief fund

you know even over here, I honestly think with you know feature of these nfts we could get from 510 trillion over to around 450 trillion tokens with

this nft feature at least in the matter of one year and the reason why I say one year is because these nfts are going to be bought and sold a

lot in the beginning but over time they continue to be bought and sold lots and lots over time guys we are not going to

see a burn that’s going to put us up to one cent however we will definitely see a burning feature that will constantly raise the price floor

At least in my opinion about Shiba Inu token burn rate now all depends on how this burn plays out obviously, there could be a huge initial burn and then there’s a burn over time which

is actually caused by the reselling of the nft or we could just see the burn from the reselling of the nft really depends on how it plays out if we see an initial burn

of the amount that was spent on these nfts I personally think we will get down to 400 trillion by the end of 2022 okay uh however

you know it really depends how this all plays out guys that would literally be about a hundred trillion tokens to burn but I definitely think 50 trillion tokens are reasonable

Why SHIBA INU PRICE IS GOING UP?