Shiba Inu combustion rates are up 90% thanks to Amazon
The Shibburn portal has spread the word that about 390 million Shiba Inu (SHIB) tokens have been burned online in the last 2 days, as of August 24, 2022.
This happened thanks to a special coin destruction mechanism. Thus, the speed of this process has increased by almost 90% compared to similar figures recorded earlier. Only during the past 24 hours 213.06 million SHIB were burned.
According to the Shibburn website, in recent months the rate of destruction of SHIB has increased by 256.13%. This time, it was all thanks to Amazon and a new website representing online game developer Travis Johnson’s store. Users said that with the help of the American retailer’s affiliate program, which SHIB Superstore joined earlier this year, it was possible to significantly increase the parameter of getting rid of virtual coins.
Experts noted that this destruction mechanism seriously reduces the inflation rate of the asset and will allow the value of Shiba to conquer new price records time after time. Analysts noted: most investors have a bright open interest in the cryptocurrency and express confidence that its rate will grow significantly in the coming years.
Industry experts stressed that the developers of Shiba Inu are not standing still: in addition to games and the Metaworld, they are also improving the current algorithms to make SHIB cryptocurrency even more attractive and useful for the community. The goal of the blockchain project is to provide people with a truly valuable virtual asset.
