Ep. 23: SHIB Token Burn Rate Drops by 70%! Is Ethereum Gas Fee to Blame?

1 year ago
1

#cryptokyodai #crypto #crytponews #shibnews #cryptocurrencymarket #shibainu #TokenBurnRate #EthereumGasFees #erc20 #FluctuatingBurnRates #shibburn #shibainucoin #Puppynet #cryptocommunity #erc20token

In today's episode (13/05/2023), we discuss the alarming drop in SHIB token burn rate by 70% in the past week, leaving investors worried and questioning the cause.

This decline has been particularly pronounced in the past seven days, with a decrease of 69.57%.

The recent surge in Ethereum gas fees has affected the burn rate and caused holders of SHIB tokens to become less willing to burn them.

With fluctuating burn rates and the increasing cost of using the Ethereum network, ERC20 tokens like SHIB are experiencing a significant impact.

However, there is hope that if gas fees start decreasing, we may see a resurgence in SHIB token burns.

Don't forget to check out all our episodes in this channel where we discussed various topics related to cryptocurrency.

You can find our episodes from 11 through 30 by clicking on the links below. Keep learning and stay updated with the Cryptocurrency world!

Episode 11 - https://www.youtube.com/watch?v=oTs_fsDJZus?sub_confirmation=1
Episode 12 - https://www.youtube.com/watch?v=sPmzhoBpcTU?sub_confirmation=1
Episode 13 - https://www.youtube.com/watch?v=K7ERfUEea0c?sub_confirmation=1
Episode 14 - https://youtu.be/Nda7rMmCmOQ?sub_confirmation=1
Episode 15 - https://youtu.be/_ykrFSpF898?sub_confirmation=1
Episode 16 - https://youtu.be/LkS8RLSP_LY?sub_confirmation=1
Episode 17 - https://youtu.be/-s3mXQw9Gv0?sub_confirmation=1
Episode 18 - https://youtu.be/nuZ97R6mmVg?sub_confirmation=1
Episode 19 - https://youtu.be/UxvRNRQOel4?sub_confirmation=1
Episode 20 - https://youtu.be/_x5s6tLBpGI?sub_confirmation=1
Episode 21 - https://youtu.be/wRRoQYZ-NUU?sub_confirmation=1
Episode 22 - https://youtu.be/979fStxKl80?sub_confirmation=1
Episode 23 - https://youtu.be/kRgqhZP7xNE?sub_confirmation=1
Episode 24-30: To Be Released Soon! Keep watching!

Don't forget to like, share, and hit the bell icon for future uploads.

Do subscribe to our channel as well by clicking this link as follows - https://youtube.com/@CryptoKyodai_?sub_confirmation=1

Thanks for watching! See you in the next video!

Loading comments...