BitcoinBaroness
Tue May 14 2024
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5 answers
860
Does burning SHIB increase price?
I've been hearing a lot of chatter in the crypto community about burning SHIB tokens. Could you please explain, does burning SHIB really increase its price? I'm a bit confused about this concept. When tokens are burned, does it mean they're permanently removed from circulation, thus reducing the total supply and potentially driving up the price? Or is it just a gimmick that doesn't necessarily reflect in the market value? I'd appreciate it if you could clarify this for me in simple terms.
