Shiba Inu's lead developer, Shytoshi Kusama, said that a large portion of #ETH s are stuck in the bridge contract and they cannot get back the bridged assets. PeckShield, another blockchain security firm that confirmed the issue, confirmed the issue and confirmed that approximately $1.7 million worth of assets close to 1000 ETH were stuck in the #Shibarium bridge. In addition, blockchain tracker ZachXBT reported that over $750,000 #BONE tokens were also stuck on the bridge.

Some experts, who gave their comments about the problem, said that the problem was caused by the remote procedure call system called RPC. However, sharing of information about the problem seems to be limited.

Shibarium has an important mission to transform the #Shibainu ecosystem from being just a memecoin project into a major blockchain project. Accordingly, the team, which stepped into the layer-2 sector, where the biggest projects of the sector take place, is eagerly awaited to see what kind of improvement will be made to the network in the coming days, even though the problems they experienced at the beginning caused panic.

After the problematic launch of Shibarium, the SHIB token continued down 8% and fell as low as $0.0000091. After the release of the FOMC minutes, the market saw a decline, while #SHIB was among the altcoins that fell the most in the top 100 due to the problems in its ecosystem.

$SHIB

INDODAX, Indonesia’s most prominent crypto exchange, has listed a Shiba Inu ecosystem token, Bone ShibaSwap (BONE). 
Read more on: https://thecryptobasic.com/2023/12/19/top-indonesian-exchange-lists-shiba-inu-bone-token/
#Shiba.Inu-SHIB #ShibaInuEcosystem #BONE #crypto2024catch #CryptoNews🔒📰🚫

Exciting Updates from Shiba Inu Team! Join the Action Now

Meme Battle Alert- Win $250 worth of BONE Gas Tokens

Get ready for the ultimate meme showdown on the Shibarium Tech Discord channel! The #ShibaInu team is unleashing a "meme battle" where creativity meets rewards. Craft your best "SHIB > X" themed meme and show the world the supremacy of #SHIB over X. Prizes worth $250 in #BONE the upcoming gas token for Shibarium, are up for grabs. Hurry, dive into the action by joining the Shiba Inu Discord.

Breaking News: New Partnerships and Decentralization Milestones

Shytoshi Kusama, the visionary leader behind Shiba Inu developers, dropped some bombshell announcements on the Shibarium Tech Telegram channel. Brace yourselves for not one, not two, but three "partnershibs" heading our way. The ink is dry on the first partnership deal, setting the stage for SHIB's decentralized powerhouse to welcome incredible advisors. Kusama assures that these partnerships are just a glimpse of their decentralization mission.

Shytoshi's Equation: "SHIB > X"

In a groundbreaking revelation, Shytoshi Kusama himself unveiled the equation that defines the future: "SHIB > X." He elucidated this equation on Discord, underlining that Shiba Inu will forever overshadow Elon Musk's X app. Brace for impact as the upcoming Layer 2 blockchain Shibarium stands ready to showcase SHIB's dominance to the entire crypto universe.

Join the Shiba Inu community now to be part of the revolution that's rewriting the crypto narrative. Stay tuned for more updates that promise to reshape the crypto landscape.

Disclaimer: This post is for informational purposes only. Please refer to official Shiba Inu channels for accurate and up-to-date information.

#cryptocurrency #Giveaway

$SHIB $SOL $XLM

Even the most robust crypto project has little chance of achieving significant market popularity without the support of an active community. The #ShibaInu team is aware of this and continually highlights the contribution of its supporters. In a recent tweet, they emphasized that the true strength of their dog-themed token lies in community support.
 

 
The attached quote was also significant: "In our ecosystem, visionaries are not just witnesses to history, but its creators." This quote underscores the importance of active community participation in the Shiba Inu ecosystem.
 Recognition of ShibArmy by Shiba Inu Leadership
It's important to note that the team recently acknowledged the endless support of the Shiba Inu community. Last year, the project's pseudonymous lead developer, listed among the "50 Most Influential People" in the crypto world, awarded the community in recognition of its fundamental importance to the cryptocurrency ecosystem.
 The Community's Influence on Shiba Inu's Popularity
It is well-known that Shiba Inu, launched in August 2020, quickly became one of the most popular crypto projects. This success is not due to its tokenomics or technology but rather due to the active community supporting it.
 The rapid rise in popularity of Shiba Inu on social media, including platforms X (formerly Twitter) and Reddit, rewarded its first supporters with a significant increase in SHIB value in 2021. The community grew and became a prominent force in the online space.
 Community members, known as ShibArmy, significantly contributed to making the cryptocurrency visible, especially on platforms X and Reddit, where they stirred up discussions about Shiba Inu.
 Thanks to these activities, the community attracted new investors to purchase Shiba Inu tokens, thereby strengthening overall support for cryptocurrencies.
 New Steps and Contributions of #ShibArmy
Yesterday, leading cryptocurrency exchange Gate.Io initiated support for Shibarium, the Shiba Inu Layer-2 blockchain. This update allowed users to buy #BONE tokens and transfer them to Shibarium addresses.
 ShibArmy contributes in various ways, including:
·      Defending Shiba Inu against FUD (Fear, Uncertainty, and Doubt).
·      Shaping public perception.
·      Participating in the SHIB burn initiative.
·      Protecting uninformed investors from scams.
·      Engaging in charitable activities.
 This article highlights the crucial role of the community in the success and growth of cryptocurrencies, as demonstrated by the example of Shiba Inu and its ShibArmy.
#SpaceCatch
 Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Shibarium, the layer-2 scaling solution from memecoin #Shibainu (SHIB), has achieved over 50,000 wallets since its release, which has sparked a rise for Bone ShibaSwap (BONE), the token used to pay the protocol's gas costs.

Shibarium, which debuted earlier this month, encountered technical issues last week as a result of the influx of new users and transactions, and was forced to briefly shut down.

The project's chief developer, Shytoshi Kusama, announced at the time that Shiba Inu will increase the number of network validators to handle the enormous increase in activity.

Shibarium is now improved and adjusted following two days of testing and adjusting settings to reach a "ready" condition... There will be additional validators available, allowing you more chances to stake your BONE.

The Shibarium mainnet reached over 50,000 active wallets as a result of the successful relaunch, which sent #BONE skyrocketing. The cryptocurrency rose from $1.36 to $1.45, or 6.6%, in a single day. BONE, however, has since levelled out and is currently selling at $1.40 as of this writing.

Competing meme assets, including Pepe (PEPE), have gone in the other way during the past 24 hours, falling over 15%. At the time of writing, Pepe is trading for $0.000000898434.

At the time of writing, Shiba Inu is selling at $0.000008, down 1% from yesterday.

Exciting news for BONE holders! A major cryptocurrency exchange is expanding support for BONE, promising increased exposure for the token.

Cryptos Headlines Platform Has Launched Its Native Token, Early Public Sale Is Live On CryptosHeadlinesToken.com
This development benefits the Shiba Inu community by offering new trading and investment opportunities. Good news for Shiba Inu enthusiasts!

OKX Africa Expands Support for BONE Token
OKX Africa, a subsidiary of the Seychelles-based cryptocurrency exchange OKX, has recently included BONE in its On-chain Earn program. Lucie, a member of the Shiba Inu team, highlighted this positive development on X.

OKX On-chain Earn provides users with avenues to participate in on-chain earnings. Users can earn incentives through proof-of-stake (PoS) and DeFi protocols.
In PoS staking, users receive rewards from block rewards and transaction fees generated by validators on the blockchain network.
DeFi protocols offer incentives to users for staking or providing liquidity to lending pools or decentralized exchanges.
BONE Token and Recent Developments
BONE serves as the gas token for Shibarium and has recently garnered new exchange listings. EarnBIT, a new cryptocurrency exchange, announced the listing of BONE in January.
Shibarium, the ecosystem associated with Shiba Inu, has seen significant growth, surpassing 332 million in total transactions, with total blocks nearing 3 million. As of the latest update, BONE showed a slight increase of 0.35% in the last 24 hours, reaching $0.547.
Warning: Rise in Fake Accounts Targeting SHIB, BONE, and LEASH Holders
As the Shiba Inu and Shibarium ecosystems continue to gain traction, holders of SHIB, BONE, and LEASH are cautioned to remain vigilant against the growing threat of fake accounts.

With the increasing popularity of Shiba Inu, scammers and bad actors have become more sophisticated in their attempts to deceive users. Some have gone to the extent of creating counterfeit accounts that closely resemble legitimate Shiba Inu profiles.
Shibarmy Scam Alerts, a dedicated X handle focused on exposing scams, has highlighted this concerning trend while flagging a fake Shiba Eternity account on X.
In response to these threats, the Shiba Inu community is strongly advised to exercise caution and verify sources before engaging with any content or individuals on social media. It is crucial to connect only with official channels and trusted representatives to avoid falling victim to scams.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#BONE #SHIB #LEASH #Bitcoin #Altcoin

Shibarium, the eagerly awaited layer-2 solution designed for the SHIB army, successfully achieved functionality on August 28th, after encountering a tumultuous debut characterized by technical challenges that garnered criticism from the wider cryptocurrency community. The commencement of the launch heralded a forthcoming epoch of enhanced efficacy for individuals holding SHIB, who had fervently anticipated this resolution for a duration exceeding one year.
Nevertheless, the most recent data presents a concerning depiction of Shibarium's present condition, characterized by a significant decrease in user engagement and network activity levels that bear resemblance to its first operational phase.
The data obtained from the Shibarium explorer indicates a notable decline in user engagement. On November 6th, Shibarium saw a much lower number of transactions, namely 9,740, in comparison to the network's highest recorded daily transactions on September 11th, which reached over 202,000. The decrease in performance gives rise to apprehensions regarding the project's sustainability in the long run and its capacity to fulfill its commitments in terms of scalability and efficiency.
The launch of the Shib Name Service (SNS)
The decrease in the number of newly created addresses within the chain has a strong correlation with the fall seen in daily transaction volumes. Despite the implementation of Shiba Inu's "Shib Name Service" (SNS) on October 30th, this phenomenon continues to endure.
The decentralized naming service known as SNS enables users to generate human-readable addresses for their Shibarium wallets. Despite the intended objective of improving user experience and accessibility, the debut of the social networking service (SNS) has failed to effectively address the issue of diminishing user engagement on the platform.
The Effect of Price on BONE
The challenges faced by Shibarium extend beyond user interaction and have implications for the valuation of its native cryptocurrency, BONE. According to the most recent data provided by CoinGecko, the present value of BONE is recorded at $0.734137. This figure reflects a notable growth of 4.0% over the last 24-hour period, as well as a 2.5% upward trend over the course of the past week.
In the spot market of the token, it is seen that a majority of players have been engaging in the distribution of their BONE holdings. This trend is discernible from the momentum indicators displayed on a 24-hour chart. The prevalence of selling pressure beyond accumulation is a matter of concern for the prospective worth of the token.
The failure of Shibarium subsequent to its introduction has raised several worries among members of the cryptocurrency community. The project's failure to sustain its early pace subsequent to a difficult debut raises concerns among investors and devotees. The decrease in user involvement, despite the implementation of user-friendly features such as social networking services (SNS), indicates that Shibarium's technological infrastructure requires significant attention to address the underlying problems.
Shytoshi Kusama has been engaging in the sale of goods to the Shibarmy community, therefore accumulating funds in their own wallet.
Shib's track record has been characterized by a discrepancy between rhetoric and tangible outcomes. Despite initial success, his subsequent endeavors, including shiboshis, property ventures, Shibarium, and social networking services, have all proven to be unsuccessful. The user's text contains an inappropriate expression.
The Twitter handle "@0xMefam" posted on November 1, 2023.
Literature Review: The Cardano October Whale Frenzy and Prospects for the Upcoming Month of November.
The declining number of users has a direct influence on the valuation of BONE, as the prevailing market conditions are characterized by a significant presence of selling pressure. In order to restore its position, Shibarium must undertake measures to rectify technical concerns, enhance user experience, and reestablish the confidence and excitement of its user community.
The Shibarium project, first seen as a promising layer-2 solution for the $SHIB community, is presently confronted with a crucial examination of its sustainability in the long run. The decrease in user interaction and its impact on BONE's pricing suggest that the project is confronted with some obstacles that need to be addressed. The performance and potential of Shibarium will be constantly monitored by investors and fans.

#ShibaInuPriceForecast #SHIBCommunity #BONE

With Bone ShibaSwap (BONE) now featured on Binance’s DeFi section, Shibarium’s core team member Lucie is optimistic an actual listing is on the horizon.
Read more on: https://thecryptobasic.com/2023/11/27/shiba-inu-bone-features-in-binance-defi-section-hinting-at-upcoming-binance-listing/
#SHIBFuture #ShibaInuUpdate #BONE #CryptoInnovators #CryptoNews🔒📰🚫