BitcoinBaroness
Tue May 14 2024
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5 answers
860
Does burning SHIB increase price?
I've been hearing a lot of chatter in the crypto community about burning SHIB tokens. Could you please explain, does burning SHIB really increase its price? I'm a bit confused about this concept. When tokens are burned, does it mean they're permanently removed from circulation, thus reducing the total supply and potentially driving up the price? Or is it just a gimmick that doesn't necessarily reflect in the market value? I'd appreciate it if you could clarify this for me in simple terms.
CryptoElite
Tue May 07 2024
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6 answers
1197
Why has crypto gone up so much?
Cryptocurrency prices have surged significantly recently, sparking widespread interest and curiosity. As a professional in the field, could you explain the reasons behind this rapid growth? Is it due to increased institutional adoption, technological advancements, or a combination of other factors? Furthermore, what are the implications of this surge for investors and the broader financial system? Could you also provide some insights into the potential risks and challenges associated with cryptocurrencies, especially given their volatile nature?
