Bitcoin is moving it as well. So, the burning of its tokens could really matter but analyzing the whole thing then I'd say that it's not a big matter.
Whenever bitcoin moves up, the majority of the cryptos whether they do something like burning or have any news, also go up.
Usually, we're thinking that it's the big move that they make but it does a little portion of its motion and is still connected to the movement of the king in the market.
Right, since many tokens and even coins increase or decrease when Bitcoin does that. Burning some of the shiba inu tokens would help increase its price when the demand of the said token increase but the supply is less. I think that it won't increase much in terms of price increase since shiba inu still have a lot of tokens. It won't even reach $2 if you have 100,000 shiba inu tokens. Shiba inu might have a chance for a reversal on the market once they achieved the targeted tokens to burn as you have know that the higher the demand and less supply will surely increase the price when there is a change of Bitcoin's price. All that move to burn the tokens is to continue the hype but let's see what will really happen in the future. Whenever bitcoin moves up, the majority of the cryptos whether they do something like burning or have any news, also go up.
Usually, we're thinking that it's the big move that they make but it does a little portion of its motion and is still connected to the movement of the king in the market.
