What is Shiba Inu burn rate?

The Shiba Inu burn rate is the rate at which the total supply of SHIB tokens is reduced. But how do you burn digital currency? The more you learn about crypto, the more you will realize how simple things actually are — and how we use a lot of jargon to explain multiple concepts. Here’s everything you need to know about Shiba Inu and coin burning.

How much is Shiba Inu (Shib) worth?

We update our SHIB to USD price in real-time. Shiba Inu is down 5.31% in the last 24 hours. The current CoinMarketCap ranking is #14, with a live market cap of $5,251,855,487 USD. It has a circulating supply of 589,346,914,631,298 SHIB coins and the max. supply is not available.

How long does it take Shiba Inu to reach $1?

Depending some people estimate that it could take about 24 to 7,000 years for SHIB to reach $1. That’s a rather long time to wait! SHIB can pump without significant stimuli to increase the Shiba Inu burn rate. Believing that burning a few thousand dollars worth of SHIB can impact a multi-billion dollar market cap is relatively optimistic.

How many Shiba Inu tokens are there?

There are currently 549.1 trillion Shiba Inu tokens. SHIB's price right now is around $0.0001058. Let's assume that Shiba Inu's current market cap of $5.81 billion doesn't change. To boost SHIB's price to $0.001, the number of tokens in circulation would need to be reduced to around 5.8 trillion.