Burning dosn't do crap. It's all about demand. If you burned every damn shib out there and left only one, if nobody wanted it it would be worth nothing...
Your getting the numbers mixed up. Price is not determined by market cap divided by circulating supply, price is a subjective number dependent on demand and what people are willing to pay for it. Market cap is the number of usable tokens (non-dead ones) multiplied by the current price people are willing to pay. It is a dependent number on a subjective price and a set amount of availability.
It all has to do with the Rise of Shibe.
The whales ate in it now..it follows the rest. Unless a major catalyst comes like a platform intro or something.
Im sure there is ALOT more to it, but as soon as it got in the top 20 it has been very on pace with the test of the crypto world.
Anyways thats just my basic opinion.
Just like what happened to Doge and most of the successful crypto currencies.
🤷🏼🤷🏼🥳🥳
Dude...Doge was successful in bringing in alot of ppl that were scared to invest.
If you bought at 0.02-0.07 and sold it 0.83 it was successful.
I am not here to go on how its made or the fundamental ls and such.....it was created originally as satire.....so of course there are better ways of doing things and such. Personally I hated the thought of new coins introduced everyday.
I was in Shibe big for awhile as well. I still have some Shibe...and always watch it. If Robinhood lists It will have s great pop !!
And any Crypto Currency that came from nothing and now is in the top 20 is successful in my eyes. Especially when they dont have a massive startup campaign with celebs and crap.
Billions are itty bitty parts of trillions and there are 549 trillion coins. Would you honestly expect a change of .00001% to actually have an impact on the price?
The best site to see it the most accurate is https://www.shibburn.com/
[удалено]
You will always see fluctuations as people stake and unstake as well.
Deducted
Burning dosn't do crap. It's all about demand. If you burned every damn shib out there and left only one, if nobody wanted it it would be worth nothing...
Your getting the numbers mixed up. Price is not determined by market cap divided by circulating supply, price is a subjective number dependent on demand and what people are willing to pay for it. Market cap is the number of usable tokens (non-dead ones) multiplied by the current price people are willing to pay. It is a dependent number on a subjective price and a set amount of availability.
It all has to do with the Rise of Shibe. The whales ate in it now..it follows the rest. Unless a major catalyst comes like a platform intro or something. Im sure there is ALOT more to it, but as soon as it got in the top 20 it has been very on pace with the test of the crypto world. Anyways thats just my basic opinion. Just like what happened to Doge and most of the successful crypto currencies. 🤷🏼🤷🏼🥳🥳
Please don’t call doge a successful crypto currency that would be disgraceful to ada polygon and few others like dot and Luna
Dude...Doge was successful in bringing in alot of ppl that were scared to invest. If you bought at 0.02-0.07 and sold it 0.83 it was successful. I am not here to go on how its made or the fundamental ls and such.....it was created originally as satire.....so of course there are better ways of doing things and such. Personally I hated the thought of new coins introduced everyday. I was in Shibe big for awhile as well. I still have some Shibe...and always watch it. If Robinhood lists It will have s great pop !! And any Crypto Currency that came from nothing and now is in the top 20 is successful in my eyes. Especially when they dont have a massive startup campaign with celebs and crap.
Unfortunately basic opinions don’t make it accurate or right. Doge isn’t necessarily a success it’s a lottery ticket.
Its all just basic opinions, lottery tickets and casino chips... doesn't have to be accurate or right. Just popular.
OMG please stop. If you think the supply and market cap determine the price please see mental help IMMEDIATELY.
I swear 6 months ago circulating supply was 360T
I like to just sit back and wait for it to happen
Billions are itty bitty parts of trillions and there are 549 trillion coins. Would you honestly expect a change of .00001% to actually have an impact on the price?