DeflationaryToken
120,104 views
20 Discussing
Hot
Latest
See original
š„ Axelar has made a move towards the future #Web3 ā the Cobalt update is now in effect!
TL;DR ā now #AXLš„š„š„ is deflationary, integrations are growing, the token is really being used, and all of this comes with new, smart tokenomics.
š What has changed after the "Cobalt" update:
ā 98% of fees are burned forever
ā No inflation ā new blockchains create reward pools from existing AXL
ā Axelar can connect ā blockchains without permission
ā Everything works through the Interchain Amplifier ā one-click integration
š Already connected: $SUI , Flow
š Preparing: Solana, $TON , Stellar, $XRP Ledger, Monad
and dozens more L2 and application-chains
š§ AXL is the only token among inter-network protocols that is really used in the architecture. It's not just a ābridgeā ā it's the brain that connects Web3.
š„ Now with every integration:
š¹ the utility of the token increases
š¹ new demand is created
š¹ the number of tokens decreases
It's like a combo: deflation + scaling + real value.
š And if you are an investor, this is one of those cases where the token works for you not through hype, but through system logic.
š§± Axelar is building the Web3 internet, and now it has become one step closer to reality #DeflationaryToken
TL;DR ā now #AXLš„š„š„ is deflationary, integrations are growing, the token is really being used, and all of this comes with new, smart tokenomics.
š What has changed after the "Cobalt" update:
ā 98% of fees are burned forever
ā No inflation ā new blockchains create reward pools from existing AXL
ā Axelar can connect ā blockchains without permission
ā Everything works through the Interchain Amplifier ā one-click integration
š Already connected: $SUI , Flow
š Preparing: Solana, $TON , Stellar, $XRP Ledger, Monad
and dozens more L2 and application-chains
š§ AXL is the only token among inter-network protocols that is really used in the architecture. It's not just a ābridgeā ā it's the brain that connects Web3.
š„ Now with every integration:
š¹ the utility of the token increases
š¹ new demand is created
š¹ the number of tokens decreases
It's like a combo: deflation + scaling + real value.
š And if you are an investor, this is one of those cases where the token works for you not through hype, but through system logic.
š§± Axelar is building the Web3 internet, and now it has become one step closer to reality #DeflationaryToken
Could $XRP Reach $20,000? Expert Analysis on the Possibilities
$XRP
Crypto expert Chad Steingraber has shared an ambitious forecast for $XRP , predicting that it could soar to $20,000 per token. This bold projection is based on several key factors that could propel the token to unprecedented heights in the coming years.
One of the driving forces behind Steingraber's prediction is the deflationary nature of $XRP ās supply. With every transaction, the total supply of $XRP decreases, creating scarcity over time. This built-in deflationary mechanism could lead to significant upward pressure on the price as demand outstrips supply.
Another factor fueling Steingraberās optimism is the increasing adoption of $XRP by financial institutions. As more banks explore the use of XRP for cross-border payments via private ledgers, the tokenās role as a reserve asset could further solidify its position in the global financial system.
Moreover, Steingraber envisions a "digital arms race," where institutional buyers aggressively accumulate $XRP , potentially absorbing much of the available supply and reducing public circulation. This surge in institutional interest could create a supply squeeze, driving the price of XRP to unimaginable levels.
With XRP currently priced at $2.35, Steingraberās forecast suggests an astronomical 850,963% increase to reach $20,000 per token. While this might sound like a far-fetched dream, the convergence of these factors could make it a reality in the long term. Only time will tell if $XRP ās future holds such remarkable growth.
#XRP #DigitalAssets #CryptoFuture #InstitutionalAdoption #DeflationaryToken
Crypto expert Chad Steingraber has shared an ambitious forecast for $XRP , predicting that it could soar to $20,000 per token. This bold projection is based on several key factors that could propel the token to unprecedented heights in the coming years.
One of the driving forces behind Steingraber's prediction is the deflationary nature of $XRP ās supply. With every transaction, the total supply of $XRP decreases, creating scarcity over time. This built-in deflationary mechanism could lead to significant upward pressure on the price as demand outstrips supply.
Another factor fueling Steingraberās optimism is the increasing adoption of $XRP by financial institutions. As more banks explore the use of XRP for cross-border payments via private ledgers, the tokenās role as a reserve asset could further solidify its position in the global financial system.
Moreover, Steingraber envisions a "digital arms race," where institutional buyers aggressively accumulate $XRP , potentially absorbing much of the available supply and reducing public circulation. This surge in institutional interest could create a supply squeeze, driving the price of XRP to unimaginable levels.
With XRP currently priced at $2.35, Steingraberās forecast suggests an astronomical 850,963% increase to reach $20,000 per token. While this might sound like a far-fetched dream, the convergence of these factors could make it a reality in the long term. Only time will tell if $XRP ās future holds such remarkable growth.
#XRP #DigitalAssets #CryptoFuture #InstitutionalAdoption #DeflationaryToken
Why I Remain Extremely Bullish on $TST
$TST
is not just another tokenāitās built for long-term value appreciation through decentralization and a powerful deflationary model. Unlike projects that rely on hype, $TST has a fully renounced contract, making it truly community-driven and resistant to manipulation. With regular liquidity burns, a transparent structure, and a scarcity-driven model, $TST stands out as one of the most promising decentralized assets in the crypto market today.
Fully Decentralized & Trustless ā No Ownership, No Manipulation
One of the biggest risks in crypto is centralized control, where token creators can alter the contract at will. That isnāt possible with TST because the ownership has been fully renounced, setting the contract address to 0x0000000000000000000000000000000000000000. This eliminates risks such as rug pulls, unauthorized minting, and contract modifications.
ā No Team Control ā Prevents malicious changes or unexpected minting
ā Fixed Total Supply ā No additional tokens can ever be created
ā Market-Driven Growth ā The community and demand dictate its future value
ā On-Chain Transparency ā All transactions are verifiable on BscScan
By ensuring 100% decentralization, TST is one of the rare tokens where the market, not the developers, decides its future.
Deflationary Burn Mechanism ā Reducing Supply for Long-Term Growth
TST follows an automated burn process, permanently removing liquidity pool (LP) revenue every two weeks. Instead of redistributing earnings to a team, these tokens are sent to a burn address (0x000...dEaD), making them unrecoverable. This strategy ensures a constantly shrinking supply, benefiting long-term holders.
š Latest Burn Transaction: 48,974,832.67 TST removed from circulation
š Burn Address: 0x000000000000000000000000000000000000dEaD
š Burn Schedule: Every ~2 weeks, verified on BscScan
This self-sustaining model means that as demand grows, supply diminishes, creating upward price pressure over time. Unlike inflationary tokens that lose value, TST is designed for increasing scarcity and long-term appreciation.
The Bullish Case for $TST
1ļøā£ Deflationary by Design ā A decreasing supply ensures growing scarcity
2ļøā£ 100% Decentralized ā No team interference, no unexpected changes
3ļøā£ Community-Owned ā The market dictates its value, not a centralized authority
4ļøā£ Fully Transparent ā Every transaction is visible on the blockchain
Final Thoughts: The Ideal Token for Long-Term Investors
TST has all the right fundamentals for sustainable growth. With automated liquidity burns, fully renounced ownership, and a decentralized community, this token is built to thrive over time. As supply continues to shrink, value naturally increases, making it a solid choice for those looking for long-term appreciation.
š No inflation, no central controlājust pure, transparent, community-driven growth.
Would you like to stay updated on upcoming burns? Track real-time transactions on BscScan to follow the deflationary progress! š„
#TST #Crypto #Blockchain #DeflationaryToken
is not just another tokenāitās built for long-term value appreciation through decentralization and a powerful deflationary model. Unlike projects that rely on hype, $TST has a fully renounced contract, making it truly community-driven and resistant to manipulation. With regular liquidity burns, a transparent structure, and a scarcity-driven model, $TST stands out as one of the most promising decentralized assets in the crypto market today.
Fully Decentralized & Trustless ā No Ownership, No Manipulation
One of the biggest risks in crypto is centralized control, where token creators can alter the contract at will. That isnāt possible with TST because the ownership has been fully renounced, setting the contract address to 0x0000000000000000000000000000000000000000. This eliminates risks such as rug pulls, unauthorized minting, and contract modifications.
ā No Team Control ā Prevents malicious changes or unexpected minting
ā Fixed Total Supply ā No additional tokens can ever be created
ā Market-Driven Growth ā The community and demand dictate its future value
ā On-Chain Transparency ā All transactions are verifiable on BscScan
By ensuring 100% decentralization, TST is one of the rare tokens where the market, not the developers, decides its future.
Deflationary Burn Mechanism ā Reducing Supply for Long-Term Growth
TST follows an automated burn process, permanently removing liquidity pool (LP) revenue every two weeks. Instead of redistributing earnings to a team, these tokens are sent to a burn address (0x000...dEaD), making them unrecoverable. This strategy ensures a constantly shrinking supply, benefiting long-term holders.
š Latest Burn Transaction: 48,974,832.67 TST removed from circulation
š Burn Address: 0x000000000000000000000000000000000000dEaD
š Burn Schedule: Every ~2 weeks, verified on BscScan
This self-sustaining model means that as demand grows, supply diminishes, creating upward price pressure over time. Unlike inflationary tokens that lose value, TST is designed for increasing scarcity and long-term appreciation.
The Bullish Case for $TST
1ļøā£ Deflationary by Design ā A decreasing supply ensures growing scarcity
2ļøā£ 100% Decentralized ā No team interference, no unexpected changes
3ļøā£ Community-Owned ā The market dictates its value, not a centralized authority
4ļøā£ Fully Transparent ā Every transaction is visible on the blockchain
Final Thoughts: The Ideal Token for Long-Term Investors
TST has all the right fundamentals for sustainable growth. With automated liquidity burns, fully renounced ownership, and a decentralized community, this token is built to thrive over time. As supply continues to shrink, value naturally increases, making it a solid choice for those looking for long-term appreciation.
š No inflation, no central controlājust pure, transparent, community-driven growth.
Would you like to stay updated on upcoming burns? Track real-time transactions on BscScan to follow the deflationary progress! š„
#TST #Crypto #Blockchain #DeflationaryToken
See original
Shiba Inu Burns 51 Million Tokens: Shiba Inu Price Prediction 2025 Revealed
Shiba Inu, one of the most popular cryptocurrencies, burned 51.5 million tokens last week, according to data from Shibburn.com. But could this contribute to a significant increase in the Shiba Inu price?
While this token burn represents another step in the deflationary process that Shiba Inu is undergoing, the total value of the tokens burned is only $1,030.45 at current prices. When compared to Shiba Inuās massive market cap of around $12.9 billion, this impact is minimal. Token burning is a common strategy used to reduce the total supply of a cryptocurrency, theoretically increasing its scarcity and value. However, the small nature of this burn suggests that its immediate impact on the Shiba Inu price trajectory is minimal. However, there may be more factors at play behind the scenes. $BTC
#cryptoupdates2024 #shibburn #cryptocurrency " #blockchain #DeflationaryToken
Shiba Inu, one of the most popular cryptocurrencies, burned 51.5 million tokens last week, according to data from Shibburn.com. But could this contribute to a significant increase in the Shiba Inu price?
While this token burn represents another step in the deflationary process that Shiba Inu is undergoing, the total value of the tokens burned is only $1,030.45 at current prices. When compared to Shiba Inuās massive market cap of around $12.9 billion, this impact is minimal. Token burning is a common strategy used to reduce the total supply of a cryptocurrency, theoretically increasing its scarcity and value. However, the small nature of this burn suggests that its immediate impact on the Shiba Inu price trajectory is minimal. However, there may be more factors at play behind the scenes. $BTC
#cryptoupdates2024 #shibburn #cryptocurrency " #blockchain #DeflationaryToken
See original
Shiba Inu burns 51 million tokens: SHIB price prediction for 2025 revealed
Shiba Inu, one of the most famous meme coins, has burned 51.5 million tokens in the past week, according to data from Shibburn.com. But could this contribute to a significant increase in the price of SHIB?
Although this token burn marks another step in the deflationary process of Shiba Inu, the total value of the burned tokens amounts to only $1,030.45 at current prices. When compared to Shiba Inu's massive market cap of around $12.9 billion, this impact is very small. Token burning is a popular strategy used to reduce the overall supply of cryptocurrency, theoretically increasing its scarcity and value. However, the small scale of this burn indicates that its immediate impact on the price trajectory of SHIB is negligible. Nevertheless, there may be more going on behind the scenes.
#CryptoUpdates #shibburn #Cryptocurrency #blockchain #DeflationaryToken
$SHIB
$DOGE
Shiba Inu, one of the most famous meme coins, has burned 51.5 million tokens in the past week, according to data from Shibburn.com. But could this contribute to a significant increase in the price of SHIB?
Although this token burn marks another step in the deflationary process of Shiba Inu, the total value of the burned tokens amounts to only $1,030.45 at current prices. When compared to Shiba Inu's massive market cap of around $12.9 billion, this impact is very small. Token burning is a popular strategy used to reduce the overall supply of cryptocurrency, theoretically increasing its scarcity and value. However, the small scale of this burn indicates that its immediate impact on the price trajectory of SHIB is negligible. Nevertheless, there may be more going on behind the scenes.
#CryptoUpdates #shibburn #Cryptocurrency #blockchain #DeflationaryToken
$SHIB
$DOGE
š„ Ethereumās Deflationary Future: Why ETH Could Be Scarcer Than Bitcoin
Ethereum (ETH) is evolving into one of the scarcest assets in crypto, and its deflationary nature could make it even harder to acquire than Bitcoin (BTC). Thanks to Ethereumās EIP-1559 upgrade and the transition to Proof-of-Stake (PoS), ETH supply is shrinkingāpushing its value potential even higher. But can it truly become scarcer than Bitcoin?
š„ Why ETH Is Becoming Deflationary
ā EIP-1559: Fee Burn Mechanism ā A portion of every transaction fee is permanently burned, reducing ETH supply.
ā Proof-of-Stake (PoS) Staking ā Unlike Bitcoin mining, staked ETH is locked, reducing circulating supply.
ā More ETH Burned Than Issued ā Since The Merge, Ethereum has often been net deflationary, meaning more ETH is destroyed than created.
ā” Bitcoin vs. Ethereum: The Scarcity Showdown
š¹ Bitcoin (BTC): Fixed Supply of 21 Million ā No more BTC will ever be created, making it a hard cap asset.
š¹ Ethereum (ETH): Unlimited Supply, But Deflationary ā Unlike BTC, ETH has no supply cap but is burning tokens faster than issuing them.
š Why ETH Scarcity Matters for Investors
Growing Institutional Interest ā Major funds are eyeing ETH as a deflationary, yield-generating asset.
Ethereum ETFs Incoming? ā If approved, an ETH ETF could drive institutional demand even higher.
Ultra-Sound Money Narrative ā Ethereumās burning mechanism makes it "sounder money" than Bitcoin, according to some analysts.
š Will ETH Outperform Bitcoin?
As ETH continues to burn at a record pace, it could become one of the most valuable digital assets of the next bull run. While Bitcoin remains the ultimate store of value, Ethereum is evolving into a deflationary powerhouseāa rare asset with both scarcity and utility.
š Do you think ETH will become more valuable than BTC?
#Ethereum #Bitcoin #ETHBurn #DeflationaryToken #cryptouniverseofficial
Ethereum (ETH) is evolving into one of the scarcest assets in crypto, and its deflationary nature could make it even harder to acquire than Bitcoin (BTC). Thanks to Ethereumās EIP-1559 upgrade and the transition to Proof-of-Stake (PoS), ETH supply is shrinkingāpushing its value potential even higher. But can it truly become scarcer than Bitcoin?
š„ Why ETH Is Becoming Deflationary
ā EIP-1559: Fee Burn Mechanism ā A portion of every transaction fee is permanently burned, reducing ETH supply.
ā Proof-of-Stake (PoS) Staking ā Unlike Bitcoin mining, staked ETH is locked, reducing circulating supply.
ā More ETH Burned Than Issued ā Since The Merge, Ethereum has often been net deflationary, meaning more ETH is destroyed than created.
ā” Bitcoin vs. Ethereum: The Scarcity Showdown
š¹ Bitcoin (BTC): Fixed Supply of 21 Million ā No more BTC will ever be created, making it a hard cap asset.
š¹ Ethereum (ETH): Unlimited Supply, But Deflationary ā Unlike BTC, ETH has no supply cap but is burning tokens faster than issuing them.
š Why ETH Scarcity Matters for Investors
Growing Institutional Interest ā Major funds are eyeing ETH as a deflationary, yield-generating asset.
Ethereum ETFs Incoming? ā If approved, an ETH ETF could drive institutional demand even higher.
Ultra-Sound Money Narrative ā Ethereumās burning mechanism makes it "sounder money" than Bitcoin, according to some analysts.
š Will ETH Outperform Bitcoin?
As ETH continues to burn at a record pace, it could become one of the most valuable digital assets of the next bull run. While Bitcoin remains the ultimate store of value, Ethereum is evolving into a deflationary powerhouseāa rare asset with both scarcity and utility.
š Do you think ETH will become more valuable than BTC?
#Ethereum #Bitcoin #ETHBurn #DeflationaryToken #cryptouniverseofficial
Shiba Inu Burns 51M Tokens: What Does This Mean for SHIBās Price in 2025?
Shiba Inu, a well-known meme coin, has recently burned 51.5 million tokens, as reported by Shibburn.com. This deflationary move is part of the ongoing strategy to reduce the circulating supply of $SHIB ā but does this burn hold the key to a significant price surge for $SHIB in the near future?
While the burn marks another step in Shiba Inuās deflationary efforts, the total value of the burned tokens is relatively small, amounting to $1,030.45 at current prices. In the context of Shiba Inuās massive market cap of around $12.9 billion, this burn has a minimal immediate impact on the coin's price. Token burning is a well-established strategy in the crypto world aimed at reducing supply and theoretically boosting value by increasing scarcity. However, the scale of this burn suggests that any noticeable effect on $SHIB 's price in the short term is unlikely.
Despite the modest scale of this token burn, there could be other factors driving Shiba Inuās long-term growth. As we look ahead to 2025, itās possible that Shiba Inuās deflationary model, alongside broader market trends and community support, could lead to a more significant rise in its value. Stay tuned for further developments as the Shiba Inu ecosystem evolves.
#CryptoUpdates #shibburn #CryptocurrencyPotential #blockchain #DeflationaryToken
Shiba Inu, a well-known meme coin, has recently burned 51.5 million tokens, as reported by Shibburn.com. This deflationary move is part of the ongoing strategy to reduce the circulating supply of $SHIB ā but does this burn hold the key to a significant price surge for $SHIB in the near future?
While the burn marks another step in Shiba Inuās deflationary efforts, the total value of the burned tokens is relatively small, amounting to $1,030.45 at current prices. In the context of Shiba Inuās massive market cap of around $12.9 billion, this burn has a minimal immediate impact on the coin's price. Token burning is a well-established strategy in the crypto world aimed at reducing supply and theoretically boosting value by increasing scarcity. However, the scale of this burn suggests that any noticeable effect on $SHIB 's price in the short term is unlikely.
Despite the modest scale of this token burn, there could be other factors driving Shiba Inuās long-term growth. As we look ahead to 2025, itās possible that Shiba Inuās deflationary model, alongside broader market trends and community support, could lead to a more significant rise in its value. Stay tuned for further developments as the Shiba Inu ecosystem evolves.
#CryptoUpdates #shibburn #CryptocurrencyPotential #blockchain #DeflationaryToken
**Shiba Inu Burns 51M Tokens: SHIB Price Outlook for 2025**
Shiba Inu, a leading meme coin, recently burned 51.5 million tokens, according to data from Shibburn.com. But can this burn have a meaningful impact on SHIBās price?
While the burn supports Shiba Inuās deflationary goals, the total value of these burned tokens is just $1,030.45 based on current prices. With Shiba Inuās market capitalization standing at approximately $12.9 billion, the effect of this burn on the broader market is minimal.
Token burns are a widely used method to decrease a cryptocurrencyās supply, potentially increasing its scarcity and value. However, given the modest scale of this burn, its immediate effect on SHIBās price trajectory is negligible. Still, other factors could influence Shiba Inuās long-term performance.
#CryptoUpdates #ShibBurn #Cryptocurrency #Blockchain #DeflationaryToken
Shiba Inu, a leading meme coin, recently burned 51.5 million tokens, according to data from Shibburn.com. But can this burn have a meaningful impact on SHIBās price?
While the burn supports Shiba Inuās deflationary goals, the total value of these burned tokens is just $1,030.45 based on current prices. With Shiba Inuās market capitalization standing at approximately $12.9 billion, the effect of this burn on the broader market is minimal.
Token burns are a widely used method to decrease a cryptocurrencyās supply, potentially increasing its scarcity and value. However, given the modest scale of this burn, its immediate effect on SHIBās price trajectory is negligible. Still, other factors could influence Shiba Inuās long-term performance.
#CryptoUpdates #ShibBurn #Cryptocurrency #Blockchain #DeflationaryToken
See original
Shiba Inu has burned 51 million tokens: What does this mean for the price of SHIB in 2025?
Shiba Inu, a famous meme coin, has recently burned 51.5 million tokens, according to a report from Shibburn.com. This deflationary move is part of an ongoing strategy to reduce the circulating supply of $SHIB ā but does this burn hold the key to a significant price surge for SHIB in the near future?
While this burn marks another step forward in Shiba Inu's deflationary efforts, the total value of the tokens burned is quite small, reaching only $1,030.45 at current prices. In the context of Shiba Inu's massive market capitalization of about $12.9 billion, this burn has minimal immediate impact on the price of the coin. Token burning is a well-established strategy in the cryptocurrency world aimed at reducing supply and theoretically increasing value by enhancing scarcity. However, the scale of this burn suggests that any noticeable impact on the price of $SHIB in the short term is unlikely.
Although the scale of this token burn is relatively modest, there may still be other factors driving the long-term growth of Shiba Inu. As we look forward to 2025, Shiba Inu's deflationary model, along with broader market trends and community support, could lead to a more significant increase in value. Stay tuned for further developments as the Shiba Inu ecosystem evolves.
#CryptoUpdates #shibburn #CryptocurrencyPotential #blockchain #DeflationaryToken
$SHIB
Shiba Inu, a famous meme coin, has recently burned 51.5 million tokens, according to a report from Shibburn.com. This deflationary move is part of an ongoing strategy to reduce the circulating supply of $SHIB ā but does this burn hold the key to a significant price surge for SHIB in the near future?
While this burn marks another step forward in Shiba Inu's deflationary efforts, the total value of the tokens burned is quite small, reaching only $1,030.45 at current prices. In the context of Shiba Inu's massive market capitalization of about $12.9 billion, this burn has minimal immediate impact on the price of the coin. Token burning is a well-established strategy in the cryptocurrency world aimed at reducing supply and theoretically increasing value by enhancing scarcity. However, the scale of this burn suggests that any noticeable impact on the price of $SHIB in the short term is unlikely.
Although the scale of this token burn is relatively modest, there may still be other factors driving the long-term growth of Shiba Inu. As we look forward to 2025, Shiba Inu's deflationary model, along with broader market trends and community support, could lead to a more significant increase in value. Stay tuned for further developments as the Shiba Inu ecosystem evolves.
#CryptoUpdates #shibburn #CryptocurrencyPotential #blockchain #DeflationaryToken
$SHIB
features of $USUAL : Value Accrual.
$USUAL operates with a deflationary structure, which means that over time, its supply reduces through strategies like buy-backs. This is designed to drive up the token's value while benefiting long-term holders.
Unlike inflationary tokens that lose value as more are issued, USUAL ensures that its ecosystem rewards commitment and patience. For holders, this means potential price growth and sustained rewards over time.
If you're into projects that prioritize their community's long-term gains, $USUAL might be worth exploring.
#USUAL #CryptoInvesting #DeflationaryToken #CryptoHolders
$USUAL operates with a deflationary structure, which means that over time, its supply reduces through strategies like buy-backs. This is designed to drive up the token's value while benefiting long-term holders.
Unlike inflationary tokens that lose value as more are issued, USUAL ensures that its ecosystem rewards commitment and patience. For holders, this means potential price growth and sustained rewards over time.
If you're into projects that prioritize their community's long-term gains, $USUAL might be worth exploring.
#USUAL #CryptoInvesting #DeflationaryToken #CryptoHolders
Shiba Inu Burns 51M Tokens: SHIB Price Predictions for 2025 Unveiled
Shiba Inu, one of the most well-known meme coins, burned 51.5 million tokens in the past week, according to data from Shibburn.com. But can this contribute to a significant price increase for SHIB?
While this token burn marks another step in Shiba Inuās deflationary process, the total value of the burned tokens amounts to just $1,030.45 at current prices. When compared to Shiba Inuās massive market capitalization of approximately $12.9 billion, this impact is minimal. Token burning is a common strategy used to reduce a cryptocurrencyās overall supply, theoretically increasing its scarcity and value. However, the small-scale nature of this burn suggests its immediate effect on SHIBās price trajectory is negligible. Still, there may be more at play behind the scenes.
#CryptoUpdates #shibburn #Cryptocurrency" #blockchain #DeflationaryToken
Shiba Inu, one of the most well-known meme coins, burned 51.5 million tokens in the past week, according to data from Shibburn.com. But can this contribute to a significant price increase for SHIB?
While this token burn marks another step in Shiba Inuās deflationary process, the total value of the burned tokens amounts to just $1,030.45 at current prices. When compared to Shiba Inuās massive market capitalization of approximately $12.9 billion, this impact is minimal. Token burning is a common strategy used to reduce a cryptocurrencyās overall supply, theoretically increasing its scarcity and value. However, the small-scale nature of this burn suggests its immediate effect on SHIBās price trajectory is negligible. Still, there may be more at play behind the scenes.
#CryptoUpdates #shibburn #Cryptocurrency" #blockchain #DeflationaryToken
Login to explore more contents