Cool Dogecoin (Shiba Inu) Again Rising!
You know the Dogecoin that looks like a Shiba Inu dog, right? Well, this crypto coin is still a hot discussion. Why? Because recently someone burned a super large amount of Shiba Inu coins!
Just imagine, in just one day there are more than 1 trillion Shiba Inu coins burned! This means that the number of Shiba Inu coins in circulation is getting smaller. Well, if the amount is small, the price usually goes up. And it's true, after this incident, the price of Shiba Inu immediately went up by more than 20%!
Why Can It Go Up?
So, the smaller the number of coins in circulation, the rarer the coin. Well, if an item becomes rare, the price usually goes up. This is what happened to the Shiba Inu.
What Does It Mean For Us?
For Shiba Inu owners, this is certainly good news. The hope is, the price of Shiba Inu can go up even higher. But remember, investing in the crypto world is full of risk. So, don't get carried away by euphoria and invest more than you can afford.
Disclaimer: This information is for reference only. Investing in the crypto world is fraught with risk.
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