Shiba Inu Burn Rate Raises Concerns, With Only 1.13 Billion SHIB Burned in Last 7 Days

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Shiba Inu Burn Rate Raises Concerns, With Only 1.13 Billion SHIB Burned in Last 7 Days
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Only 1.13 billion SHIB burned in the last 7 days, does it even make an impact? shibainu shibarmy shibarium $shib

deflationary mechanism of the token, we can say that at this rate, it will take seven million years to burn the entire SHIB offering. The SHIB holders who dream of"flying their tokens to the moon" clearly don't have that kind of time. Of course, Shiba Inu has other burn portals besides Shibburn, but if one of the most popular ones is in this situation, the overall picture is clear.

, SHIB's holders will obviously have to moderate their appetite for profits. At the moment, Shiba Inu has a capitalization of about $6.5 billion. How much more the project can raise and whether it will be possible in the future crypto market is an open question. SHIB is actively being introduced as a means of payment by various companies, and the developers of Shiba Inu promised to introduce the Shibarium solution in the third quarter of 2022. But all of this will not particularly change the price of the token, which now has five zeros in front of the first digit in its value.

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