SHIB Market Cap Drops 3 Times More Than Its Price, But Why Is It Good Thing?

Market capitalization, to put it simply, is a product of the number of coins circulating and the price of each of them. With a certain precise number of coins, one would expect the capitalization and price of a coin to move the same way.

However, Shiba Inu is not such a simple project, as the number of SHIB coins according to the consensus established by the community and project developers is constantly being burned.showed an incredible spike of 190%. It can be safely assumed that as a result of increased burning, the number of SHIB coins in circulation is constantly decreasing, but because the market environment drags the coin's price down, the capitalization of Shiba Inu decreases more harshly.

In good news, with the same degree of certainty it can be assumed that when bullish sentiment prevails on the market again—and if, of course, the project survives a possible crypto winter—SHIB will be able to show market-outperforming growth, while the"diamond hands" fans will be generously rewarded for their loyalty.

Shibtoken shibainu

Shibtoken SHIBARMY

Shibtoken Stop lying, it’s a very bad signal ! Who want wait with a coin with 540 trillions supply ? Even Luna with 6.5 trillions are rushing AF !!! Everyday cryptos is dropping, cause they’re looking to destroy useless projects

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Shibtoken so what you say about all the crypto markpet cap?

Shibtoken SHIBARMY Woof! 👏👏

Shibtoken All crypto same like that 🤣

Shibtoken

Shibtoken They are scammers that’s why 😂

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