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

Shibtoken Luzion is a coin that is making and will continue to make millionaires subscribe to LUZION PROTOCOL guys It has massive 383,125.80% APY. Rewards of BUSD and LZN every 15 Minutes. Fully Doxed Team and KYC This is the best coin to hold! Check it out guys LuzionProtocol!

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 😂

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Euro Price Forecast: Is the EUR/USD Bear Market Rally Coming to an End?The euro has enjoyed some much needed respite since mid-May after extended long positioning on the U.S. dollar faded. Get your market update from WVenketas here:
Источник: DailyFX - 🏆 305. / 63 Прочитайте больше »

Walmart is using its thousands of stores to battle Amazon for e-commerce market shareWhen it comes to e-commerce, Amazon is the clear leader, but Walmart’s ambitious new plans and leadership are trying to catch up. Watch the video to learn more. Um not on your life. What could possibly go wrong. Not in my home. Not now not ever!!!
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Bitcoin Dips Below $30K, Solana Slumps 12% Amid New Power Outages (Market Watch)Bitcoin and most altcoins have lost substantial chunks of value. Solana, though, has dumped the most after the network went down for hours yet again yesterday.
Источник: Crypto_Potato - 🏆 568. / 51 Прочитайте больше »

5 Non-Obvious Business Problems in the Online Dating Market | HackerNoon'5 Non-Obvious Business Problems in the Online Dating Market'cc: onlinedating dating
Источник: hackernoon - 🏆 532. / 51 Прочитайте больше »

GameStop Earnings Preview: GME stock gives up another 2% ahead of post-market resultsGameStop (GME) stock has dropped 9% to $124.85 in the first hour of Tuesday's session. The Nasdaq is off about 0.6% at the time of writing. This is a
Источник: FXStreetNews - 🏆 14. / 72 Прочитайте больше »

Binance Raises $500 Million Fund to Invest in ‘Web3' as Crypto Slides Into Bear MarketWeb3 aims to create a new version of the internet based on blockchain technology.
Источник: nbcchicago - 🏆 545. / 51 Прочитайте больше »