Low crypto prices in July are having an unlikely upside – exploding burn rates in cryptocurrencies like Shiba Inu and EverGrow Coin. Shiba Inu made history in May 2021 when Ethereum co-founder Vitalik Buterin burned 41.02% of the fixed SHIB supply. The Shiba Inu price jumped from $0.0000019 to $0.00003503 – i.e. 1,750% – in the space of 10 days. Later in 2021, Shiba Inu went on to an all-time high of $0.00008. With the Shiba Inu burn rate roughly the same in October as it was in May it means the coin burns helped Shiba Inu grow a whopping 4,110%. EverGrow Coin makes coin burning automatic EverGrow Coin launched in September last year with a built-in strategy to better the burn rate of Shiba Inu. EverGrow Coin charges a 14% transaction tax from which 8% is distributed instantly as BUSD to all investors. A further 2% of this transaction tax is set aside for strategic coin burns. The transaction tax applies to all buy and ...
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