What is the total supply of Shiba Inu and how does it affect its value?

3 answers

• Mahesh ShounolApr 25, 2024 · 2 years ago
  The total supply of Shiba Inu is 1 quadrillion tokens. This large supply can potentially impact the value of the cryptocurrency. With such a high supply, the price per token may be lower compared to cryptocurrencies with a lower supply. However, the value of Shiba Inu is also influenced by factors such as demand, market sentiment, and utility. It's important to consider the overall market dynamics and investor sentiment when evaluating the potential impact of the total supply on the value of Shiba Inu.
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• eamgioApr 02, 2021 · 5 years ago
  Shiba Inu has a total supply of 1 quadrillion tokens. The high supply can create a sense of abundance and may lead to lower token prices. However, the value of any cryptocurrency is not solely determined by its supply. Factors such as market demand, utility, and investor sentiment also play a significant role. Therefore, while the total supply of Shiba Inu can influence its value, it is essential to consider the broader market context and other factors that affect cryptocurrency prices.
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• Paul WalkerApr 26, 2021 · 5 years ago
  The total supply of Shiba Inu is 1 quadrillion tokens. As for its impact on the value, it's important to note that the supply alone does not determine the value of a cryptocurrency. The value of Shiba Inu, like any other cryptocurrency, is influenced by various factors such as market demand, investor sentiment, and utility. While a high supply may result in lower token prices, the overall market dynamics and the perception of the cryptocurrency within the community also play a significant role in determining its value.
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