What impact does the update of Shiba Inu circulating supply have on its price?

3 answers

• Prajjwal DohareJul 03, 2021 · 4 years ago
  The update of Shiba Inu's circulating supply can have a significant impact on its price. When the circulating supply increases, it can lead to a dilution of the token's value. This means that each individual token becomes less valuable as there are more tokens in circulation. As a result, the price of Shiba Inu may decrease. On the other hand, if the circulating supply decreases, it can create scarcity and increase demand for the token, potentially driving up its price. Therefore, changes in the circulating supply of Shiba Inu can directly influence its price in the cryptocurrency market.
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• dwgrehMar 02, 2024 · a year ago
  Updating the circulating supply of Shiba Inu can cause fluctuations in its price. When there is an increase in the circulating supply, it can create selling pressure as more tokens become available for trading. This increased supply can lead to a decrease in price as buyers may be less willing to purchase the token at higher prices. Conversely, a decrease in the circulating supply can create buying pressure and drive up the price as the token becomes more scarce. It's important to note that other factors such as market sentiment and overall demand for cryptocurrencies also play a role in determining the price of Shiba Inu.
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• Alex J AlexanderMar 07, 2024 · a year ago
  According to BYDFi, the update of Shiba Inu's circulating supply can have a direct impact on its price. When there is an increase in the circulating supply, it can result in a decrease in price due to the increased availability of the token. Conversely, a decrease in the circulating supply can lead to an increase in price as the token becomes more scarce. It's important for investors to monitor the circulating supply of Shiba Inu as it can provide insights into potential price movements in the cryptocurrency market.
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