Quote from: FortuneFollower on October 16, 2024, 01:49:00 PM

Quote from: starluh1016 on October 16, 2024, 10:04:10 AM

Shib has a burning mechanism thats helps reduce tokens out of circulation, but since supply is too huge in shib it take years before we see a massive effect on this meme token, good to hold in my opinion and forget it for years, who knows $1 will be achieve someday.

It would be a miracle, just look at some analysis made by others to see how impossible it is for the Shiba to reach that high up above the skies.
Roll Eyes

Though crypto space is full of wonders.

not gonna downplay the burning since so far SHIB has burned $3.9 billion worth of SHIB but considering current stat of burning and the rate of burn, I find it hardly matters when our target is $1 because the burning rate is too slow for it to lower the circulating supply. don't know the credibility of the data though, but I think it can reflect the state of SHIB burning nowadays.

Code:

source : https://www.crypteye.io/burntracker/coins/shiba-inu

maybe few decades later it will matter.