SHIB is about to be destroyed on a large scale? What does it indicate?
What does destruction mean? Simply put, destruction is like erasing a part of SHIB from the world. I'm not kidding, it really reduces its circulation in the market. It's like a big cake, there were originally many pieces, and now some of them are thrown away directly, and each piece of the remaining cake seems more precious, right?
Now, if the news of large-scale destruction is true, it would be a big deal. We have to analyze what this indicates.
From the price point of view, if there is really a large-scale destruction, it is likely to lead to a rise in prices. Think about it, there are fewer SHIBs in the market, but there are still so many people who want to buy SHIB, and even because of the news of destruction, more people may want to join in the fun. This is like the vegetables in the vegetable market. There were originally a lot of supply, and the price was just like that. Suddenly, the supply was reduced by more than half, and the price would definitely go up. For those of us who trade in cryptocurrencies, the price is what we care about most. If the price can go up, we will be very happy. Maybe some people have lost some money before and are waiting for this opportunity to make up for it.
From the psychological level of investors, the news of this destruction will have a great impact. When everyone hears this news, the first reaction may be that this is a good opportunity, and then they will have a FOMO (Fear of Missing Out) mentality.
If this large-scale destruction is really realized, there will be some subsequent impacts. For example, for those investors who hold SHIB for a long time, their assets may increase significantly. This is undoubtedly very good news for them. They may choose to continue holding and wait for the price to rise further, or choose to sell at the right time to lock in profits.
