Almost half of Shiba Inu’s initial circulating token supply has been burned

cryptoslatePubblicato 2022-09-06Pubblicato ultima volta 2022-09-06

Introduzione

Since the start of September, 329.8 million Shiba Inu tokens have been burned, according to shiba-burn-tracker.com.

Shiba Inu tokens are burned on multiple occasions daily to tackle the issue of oversupply. Over the last 30 days, the most significant daily burn totaled 455,699,414 SHIB on Aug. 31.

Why burn Shiba Inu?

Shiba Inu’s initial supply was just short of 1 quadrillion tokens, which hinders the ability of capital inflow to impact the token price positively.

The Shiba Inu community has its sights set on a $0.01 token price. But to achieve this based on its current circulating token supply, the SHIB market cap would need to be just under $5.5 trillion, equating to more than 5.5 times the existing total market cap.

“The actual problem with Shiba token is a big one. There is to much units of it, 999,992,188,828,143.538054853285409628 to be exact.”

By burning tokens, the number in circulating supply reduces over time and, in theory, should elevate the SHIB price.

The website shibburn.com illustrates the effect of token burns to date. The graphic below shows the project is approaching a halving of the initial supply. However, given the vastness of a quadrillion, burning multiple millions daily will some time to reach that point.

Source: Shibburn.com

Meanwhile, since July 12, Shiba Inu has been posting marginally higher lows leading to a gradual incline in the support price. However, similar to all altcoins during this bear market, SHIB is 86% down from its all-time high of $0.00008616 achieved on Oct. 28, 2021.

Source: TradingView.com

SHIB Metaverse in the works

The latest blog post from Shiba Inu revealed plans to develop a Metaverse, called WAGMI, in conjunction with art studio The Third Floor.

“WAGMI is short for “We’re All Gonna Make It”. It refers to a higher conviction and optimistic state about the future. The foundation of SHIB has always been the community.”

Currently, the project is in the early stages of development, with ideas being floated via concept artwork. The post stated that this is common practice in film and video game development to “present a set vision” and inspire “a deep connection with the atmosphere.”

The sketch below depicts the WAGMI temple and surrounding landscape, which is described as a “zen-inspired architecture” that captures the concept of a chilled and calming environment.

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Benvenuto in HTX.com! Abbiamo reso l'acquisto di SHIBA INU (SHIB) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente SHIBA INUSHIB.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva SHIBA INU (SHIB)Dopo aver acquistato SHIBA INU (SHIB), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia SHIBA INU (SHIB)Scambia facilmente SHIBA INU (SHIB) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

506 Totale visualizzazioniPubblicato il 2024.12.11Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di SHIB SHIB sono presentate come di seguito.