How does the burn schedule of Shiba Inu coin affect its price?

3 answers

• Nov 26, 2021 · 3 years ago
  The burn schedule of Shiba Inu coin plays a significant role in determining its price. When tokens are burned, it reduces the total supply of the coin, which can create scarcity and drive up demand. This increased demand, coupled with a reduced supply, can lead to a price increase. Additionally, the burn schedule can also create a sense of urgency among investors, as they anticipate future burns and potential price appreciation. Overall, the burn schedule can have a positive impact on the price of Shiba Inu coin.
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• Nov 26, 2021 · 3 years ago
  The burn schedule of Shiba Inu coin affects its price by reducing the circulating supply. As tokens are burned, there are fewer coins available for trading, which can create a supply-demand imbalance. When the supply decreases and demand remains constant or increases, the price tends to rise. This is because the limited supply makes the coin more valuable. Therefore, the burn schedule can contribute to price appreciation in Shiba Inu coin.
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• Nov 26, 2021 · 3 years ago
  As an expert in the field, I can confirm that the burn schedule of Shiba Inu coin has a direct impact on its price. The scheduled burns remove tokens from circulation, reducing the supply and potentially increasing the demand. This can lead to a price increase as investors perceive the coin to be more valuable due to its scarcity. It's important to note that the burn schedule should be transparent and well-communicated to maintain trust and confidence among investors. Overall, the burn schedule is an important factor to consider when analyzing the price dynamics of Shiba Inu coin.
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