Shiba Inu price up 3.1 percent with 17,271 tokens burned: the consequences for fees and holding period

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Shiba Inu stands at 5.93 millionths of a dollar on October 2 and 3.13 percent up, yet only 17,271 tokens worth 10 cents were burned in 24 hours. What really carries the daily gain, and what follows from it for holding period, fees and order size.The Shiba Inu price stands at 5.93 millionths of a dollar on Friday midday, 3.13 percent above Thursday's level. In euros that is 5.27 millionths of a euro and a gain of 3.52 percent. The figure that really explains something about this day is a different one: in the same 24 hours, exactly 17,271 SHIB were destroyed according to the public burn counter shibburn.com. Worth around 10 cents. Anyone crediting today's gain to the burn is attributing a move of 3.1 percent to an event that touched 0.00000000295 percent of the circulating supply. That sounds like a quibble, and it is the most important distinction for anyone holding SHIB. Because if the price does not hang on the burn, it hangs on something else. This article shows what it hangs...