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Shibarium’s network activity has soared by 54% this month making investors believe that massive burns are on the cards soon. The dog-themed token is currently hovering around the $0.00001325 mark and is mostly trading sideways this year. Shiba Inu has a circulating supply of 589 trillion SHIB tokens and the majority needs to be removed from circulation to make its price sustainably scale up in the indices. Also Read: How Much of the World’s Population Owns Shiba Inu (SHIB)? SHIB: Burning 20 Trillion Shiba Inu Tokens a Year Can Make Its Price Reach $0.001? Source: Pixabay Technically, yes. Burning 20 trillion tokens a year can make Shiba Inu reach the $0.001 mark someday. Theoretically, no. Sending that many tokens a year can be challenging as even Shibarium is not capable of handling that much capacity. Here’s a breakdown of whether yearly burns of 10 trillion SHIB could drive the price to $0.001. The Hypothesis: 20 Trillion Tokens Burned Per Year Current total supply of SHI...

With the leading cryptocurrency undergoing a price increase for the ages, the Asian country of Bhutan has benefitted, with its Bitcoin holdings officially surpassing the $1 billion mark. Indeed, the rather small nation in the Himalayas has officially become one of the largest BTC holders on the planet. The development continues to pay off Bitcoin’s earlier believers. They join El Salvador as two of the countries that embrace the asset before many others do. Moreover, the two have only benefited as the token reached an all-time high price of $93,000 earlier this week. Also Read: Michael Saylor Predicts When Bitcoin Can Reach $100,000 Bhutan is Now One of the World’s Largest Bitcoin Holders On the Heels of 2024 Run 2024 has been a major year for Bitcoin’s growth. The asset became the first crypto-based ETF in the United States, as it has seen institutional investment interest surge. Moreover, it became a key political point of discussion. Ultimately, it became a key aspe...