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The post Does This Music Playlist Burn Shiba Inu’s SHIB Tokens While Streaming Music? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

The crypto market has seen a roller coaster of a ride in 2021. Folks from the business have been thinking over the chronicles of the escapade the industry has been through. The crypto street has witnessed a shift of interest amongst merchants in the fraternity. From top-tier cryptos to utility chains, meme coins, metaverse, and gaming. 

Talking about meme coins, Shiba Inu is never far off-sight. The meme coin has been holding its prominence despite the crash which led to a correction in price over 65% since its ATH. The meme coin has been experiencing an increase in holders off-late. Which is in addition to the spike in adoptions and burn rate.

Shiba Inu’s Sword-Off Against The Bears?

The self-proclaimed Doge-killer Shiba Inu has not turned tails, from the cyclonic market cycle. Which has managed to devastate the metrics of numerous digital assets. Shiba Inu has been receiving numerous adoptions, collaborations, whilst scripting record-breaking growth metrics. 

The meme coin has conquered a new milestone by gaining 70,000 more holders. Since its achievement of receiving 1 million holders, which is a little over a month ago. According to sources, the top 1000 ETH wallets are holding 48,086,038,929,664 SHIB. In addition, in the past 7-days over 486,599,324 SHIB tokens have been burned.

The Music Playlist That Burns SHIB!

Steven Cooper the owner of Bigger Entertainment, the first crypto record label accepts SHIB for music, merchandise, tickets to NFTs. Has made announcements that the team intends to double the current burn rate over the next two months. He further cites that the team has been looking forward to new ways to burn SHIB.

The team has also created music playlists that burn SHIB, while one streams music. Which has been verified by Shytoshi himself. 20 to 100% of royalties burned are based on the project. The streaming application hosts 600 songs and counting. The firm has burned 639,382,956 SHIB tokens since the 20th of October. The Shib army has been looking forward to coin burns that could stimulate the metrics.

Collectively, the increase in the number of holders could bring immense impetus to the price surge in the near future. The positive move could further reinforce the community. Enthusiasts in the community are optimistic about the price projections in 2022. With the Shibarium blockchain layer-2 solution materializing alongside, listing on Robinhood, increase in adoptions. And with advancements in gaming and metaverse.

One thought on “Does This Music Playlist Burn Shiba Inu’s SHIB Tokens While Streaming Music?

  1. As we seem to be in a free fall right now with one of the worst macro economic outlooks most have seen in our lifetimes. It's certain that buying the dip is the best you can do right now. But even though many are calling this a complete bear market they are waiting to get the bottom. Disclaimer, that never works.

    Trying to time the bottom is just as difficult as trying to time the top. You will be left behind and Crypto will just rebound. So just chasing any bottoms/tops has never resulted in a good trade. As you can't predict the market.

    The only way of buying the dip, is to assess the situation and think for yourself, whether the current price is undervalued on that Crypto. If it is then buy. Don't wait for something to get even better, greed to some extent is good but this kind of greed is not.

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