What is the circulating supply of Shiba Inu and how does it affect its value?

3 answers

• ahmad mohamadJan 26, 2022 · 3 years ago
  The circulating supply of Shiba Inu refers to the total number of Shiba Inu coins that are currently in circulation and available for trading. It excludes coins that are locked, reserved, or held by the project team. The circulating supply plays a significant role in determining the value of Shiba Inu. A higher circulating supply generally indicates a larger market supply, which can potentially lead to lower demand and lower prices. On the other hand, a lower circulating supply can create scarcity, driving up demand and potentially increasing the value of the cryptocurrency. It's important to note that the circulating supply is just one factor among many that can influence the value of Shiba Inu, and other factors such as market sentiment and overall market conditions also play a role.
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• CurranOCJan 20, 2023 · 2 years ago
  The circulating supply of Shiba Inu is the total number of coins that are actively circulating in the market. It does not include coins that are locked or held by the project team. The circulating supply affects the value of Shiba Inu because it directly impacts the supply and demand dynamics of the cryptocurrency. A higher circulating supply means there are more coins available for trading, which can potentially lead to lower prices if the demand remains constant. Conversely, a lower circulating supply can create scarcity and drive up demand, potentially increasing the value of Shiba Inu. It's important to consider the circulating supply along with other factors such as market demand, utility, and investor sentiment when evaluating the value of Shiba Inu.
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• Manuel DomínguezNov 09, 2020 · 5 years ago
  The circulating supply of Shiba Inu is an important metric that can influence the value of the cryptocurrency. It represents the number of Shiba Inu coins that are currently in circulation and available for trading. The circulating supply affects the value of Shiba Inu because it directly impacts the supply and demand dynamics of the market. A higher circulating supply generally means there are more coins available, which can potentially lead to lower prices due to increased supply. Conversely, a lower circulating supply can create scarcity and drive up demand, potentially increasing the value of Shiba Inu. It's worth noting that the circulating supply is not the only factor that affects the value of Shiba Inu, and other factors such as market sentiment, project developments, and overall market conditions also play a role.
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