‘Dogecoin Killer’ Shiba Inu Burn Rate Skyrockets 10,000% Thanks To This Good Samaritan

Fire Inu is designed in tandem with Anonymous and is a safe and fairly launched fork of the Anon contract. It is designed to have a unique burn/token redistribution and liquidity function built in that adapts to the community needs and demand. Fire Inu tests tokenomics and is a pioneer in Ethereum Advanced Tokenomics while also deploying on both Ethereum and BSC networks.

  • Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 737 exchanges.
  • From the past few months, the crypto market-facing a major bull run.
  • If Shiba Inu’s apps become more popular in the future, we could easily see the burn rate increase drastically over time.

This will obviously not happen—the only way 1 SHIB could be worth $1 is if the supply of the token is reduced drastically. Several projects have initiated coin burning since it became popular in 2017. Still, Shiba Inu coin burning is one of the most popular in the crypto space.

More about FireFlame Inu

The recent advancements made by the Shiba Inu crypto community seem to come contrary to the price fall witnessed by the token. However, amid the ongoing SHIB burning chronicle, the token’s price also noted marginal falls over the past twenty-four hours. You can also buy BEFE Coin or Shiba Inu on popular exchanges like Uniswap, Bitgert, or PancakeSwap.

If you are interested in investing in BEFE coins, you can visit their official websites and social media channels for more information. Both Shiba Inu and BEFE Coin have shown impressive growth and potential in the past few weeks. While Shiba Inu has plummeted by over 55% in the last month, BEFE Coin has surged by over 240% in the same period. BEFE CCoin has also attracted a lot of attention from investors and analysts for its fierce performance.

Floki Inu Coin (June) Price, Prediction, How To Buy?

Therefore, it is impossible to accurately predict the price of Fire Inu 5 years from now. CoinCarp does not currently have price data for Fire Inu as it has yet to be listed on any cryptocurrency exchanges (CEX or DEX). Once Fire Inu is live on an exchange, CoinCarp will provide real-time Fire Inu (FINU) coin prices from different exchanges. But Shiba Inu is not the only coin that is expected to surge in the near future.

Elon Musk announced that my Shiba Inu would be named Floki Inu Coin; it seems like a new coin will enter the market. It is a new revolutionary cryptocurrency based on Binance smart chain, which gained popularity globally after the Elon tweet. By tweeting about the new coin, Elon again created a fire in the crypto market and crypto users’ minds.

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Of the one quadrillion token created, Buterin got 50% as a gift from the Shiba Inu creator, Ryoshi. He sold about 9% to raise money for a fund tackling the COVID pandemic in India and then sent the rest to a dead wallet. That move alone dropped Shiba Inu circulating supply by almost half, and it also made the token more popular. It’s worth keeping in mind that burning tokens alone will not necessarily increase the value of the coin. However, if burning is accompanied by market demand for buying, it can have a positive impact on the price. For instance, if SHIB reached a price of $1 at the current supply, its market cap would be over $580 trillion, more than the combined GDP of all the world’s countries.

Fire Inu (FINU) Community

Manually sending SHIB to the burn address is not the only way that the circulating supply of Shiba Inu is decreased. Shibarium, a layer 2 network for the Shiba Inu ecosystem launched in 2023, is another important piece of the puzzle when it comes to SHIB burns. Floki Inu is a token that is going to badly popular in the crypto market nowadays.

It can help to reduce the supply of tokens, increase the demand for tokens, show that the development team is committed to the project, reduce volatility, increase stability, and improve security. To this end, the Shiba Inu team has introduced several different burning measures designed to reduce the circulating supply of SHIB. So far, over 410 trillion of the starting 1 quadrillion tokens have been burned. Unlike being purely meme-based like Shiba Inu, BEFE Coin has a unique value proposition that sets it apart from other meme coins.

What is the price of FireINU today?

Furthermore, while the average block creation time has risen from five to 8.3 seconds, there have been 1.83 million blocks mined on the chain. Buy & sell Fire Inu (FINU) with fiat currencies (USD, CAD, AUD, EUR, GBP etc) or another coin such as BTC or ETH. The Shiba Inu burn portal allows users to burn their SHIB in exchange for passive income.

Since Shiba Inu’s launch in 2020, more than 410 trillion SHIB tokens have been burned, representing about 41% of the token’s total supply. As of October 2023, the total value of all burned SHIB is more than $2.77 billion. FireInu (FINU) is currently ranked as fire inu coin the #21114 cryptocurrency by market cap. However, the twenty-four-hour trading volume showcased a substantial surge of 63.24%, evaluating $208.27M. However, another transaction gained significant traction, transferring 21.52 million SHIB to a dead wallet.

Shiba Inu, which started as a joke, has gained a loyal fan base and a market capitalization of $558,482. Shiba Inu is also supported by several celebrities and influencers, such as Elon Musk and Vitalik Buterin. But there have also been a lot of community burns – with over 180 billion SHIB burned – and Shibarium-related burns. For example, Bigger Entertainment, a crypto record label, burned over one billion SHIB through various efforts, including the SHIB Burner playlist.


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