Attackers behind the Poloniex heist stole a whopping 577 billion Shiba Inu tokens and other crypto assets from the exchange. 
Read more on: https://thecryptobasic.com/2023/11/11/577-billion-shiba-inu-tokens-stolen-from-poloniex-exchange/
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Atomic Wallet, a non-custodial decentralized wallet, has confirmed the integration of Shibarium, Shiba Inu’s L2 scaling solution, into its platform. 
Read more on: https://thecryptobasic.com/2023/11/16/shiba-inu-and-atomic-wallet-confirm-shibarium-integration-as-5m-can-now-access-l2-blockchain/
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The Shiba Inu community has received a critical warning regarding a new scam linked to the newly-launched SHIB Magazine project seeking to drain investors’ wallets.
Read more on: https://thecryptobasic.com/2023/11/14/shiba-inu-community-warned-of-new-scam-targeting-the-new-shib-magazine-project/
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A widely followed crypto trader believes that top memecoin Shiba Inu (SHIB) is poised to print massive gains in the coming days.
Analyst Kaleo tells his 605,700 followers on the social media platform X that Shiba Inu looks primed for a run-up after breaking above a horizontal resistance and retesting it as support.
“I think by the time the candles reach the far right side of the screen, we’ll see some green candles hitting the green box.” 

Looking at the trader’s chart, he seems to predict that SHIB will soar above $0.000015 in early December. At time of writing, SHIB is trading for $0.00000861, suggesting gains of over 74% if the memecoin hits the trader’s target.
Kaleo is also keeping a close watch on FLOKI (FLOKI), another popular memecoin. According to the crypto strategist, FLOKI may witness rallies if it manages to take out a diagonal resistance around $0.00004.
“Picked up a small bag of FLOKI as well. I want exposure to all of the dog coins, and think this one could get interesting if breaks this high time frame resistance.” 

At time of writing, FLOKI is worth $0.000032.
As for Bitcoin (BTC), the analyst thinks that the latest correction is designed to shake out speculators before a rally to a new 2023 high.
“We’re just shaking out bulls with no conviction and trapping a few more bears before the send to $40,000.” 

At time of writing, Bitcoin is worth $36,507.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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Shiba Inu achieves a major milestone as the number of addresses with zero balance hits an astounding 1.26 million. 
Read more on: https://thecryptobasic.com/2023/11/22/here-are-2-reasons-why-shiba-inu-addresses-with-zero-balance-spiked-to-1-26m-in-33-months/
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Shiba Inu lead developer Shytoshi Kusama says the team is currently in active discussions with some friends to onboard Shibarium with centralized exchanges.
Read more on: https://thecryptobasic.com/2023/11/13/shiba-inu-leader-in-active-discussion-to-integrate-shibarium-on-exchanges/
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Shiba Inu (SHIB) price has bowed to bearish pressure but the current drawdown paints a generally bullish picture for the week.
Read more on: https://thecryptobasic.com/2023/11/15/is-shiba-inu-shib-still-on-track-to-hit-0-00001-this-week/
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Shibarium-based decentralized exchange (DEX) and DeFi platform Marswap has integrated an on/off-ramp feature to enable investors purchase Shiba Inu ecosystem token BONE using bank card and PayPal.
Read more on: https://thecryptobasic.com/2023/11/14/shiba-inu-marswap-now-allows-you-to-buy-and-sell-bone-on-shibarium-using-bank-card-and-paypal/
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In a bold move to reshape the blockchain landscape, the Shiba Inu (SHIB) ecosystem has unveiled an ambitious vision for mass adoption.
The details of this groundbreaking plan can be found in the latest issue of the SHIB Magazine. The comprehensive strategy encompasses a range of pivotal initiatives that aim to drive widespread adoption of Shiba Inu and its ecosystem.
Shibarium: Addressing Scalability Limitations
At the core of Shiba Inu’s mass adoption strategy lies Shibarium, a layer-2 blockchain designed to overcome the scalability limitations of Ethereum, the current host of the Shiba Inu ecosystem.
Shibarium promises faster transaction speeds, lower gas fees, and an enhanced user experience. These improvements make it an ideal platform for attracting new users and fostering the growth of decentralized applications (DApps) within the Shiba Inu ecosystem.
Decentralization as a Cornerstone
Shiba Inu places decentralization at the forefront of its approach to mass adoption. The team has demonstrated its commitment to decentralization by renouncing ownership of the Shiba Inu token, ensuring that the community holds the power to shape the project’s future.
This commitment extends to other aspects of the ecosystem, including the development of decentralized exchanges (DEXs) and non-fungible tokens (NFTs).
ShibaSwap: Facilitating Seamless Token Swaps
ShibaSwap, the flagship DEX of the Shiba Inu ecosystem, has already made significant strides in providing users with seamless token swaps, liquidity pools, and staking opportunities.
The team is dedicated to further enhancing ShibaSwap’s functionality and migrating it to Shibarium. This transition will offer users a more streamlined experience and lower gas fees, making it even more attractive for users to participate in the ecosystem.
Building a Vibrant Metaverse Ecosystem
Recognizing the immense potential of the metaverse, Shiba Inu is actively developing a diverse metaverse ecosystem. This ecosystem encompasses a range of DApps, spanning from decentralized finance (DeFi) to art, with a particular focus on gaming.
The development of Shib The Metaverse and the SHIB Name Service (SNS) project marks the beginning of Shiba Inu’s immersive journey into the metaverse.
Interoperability for Seamless Integration
Shiba Inu understands that interoperability is crucial for achieving mass adoption in the blockchain space. The team is committed to developing solutions that facilitate the connection of different blockchain networks, breaking down silos, and encouraging cross-chain collaboration.
As part of this effort, a dedicated Hub is being created to provide the Shiba Inu community with easy access to the entire Shibarium ecosystem.
Shibarium stands as a game-changer in addressing the scalability issues that have plagued blockchain technology. Engineered to handle high transaction volumes, maintain low fees, and ensure fast transactions, Shibarium paves the way for the development of diverse products ranging from NFTs to decentralized finance (DeFi) products and real-world applications.
Shiba Inu’s vision for mass adoption goes beyond profit-making. The team is committed to empowering the community through educational initiatives and fostering a supportive ecosystem. Initiatives like ShibaFest, an environmental cause featured in the first issue of the SHIB Magazine, underscore the ecosystem’s dedication to community-driven causes.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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The Shiba Inu ecosystem has secured a strategic partnership with the charity organization of the legendary boxing champion Manny Pacquiao.
Read more on: https://thecryptobasic.com/2023/11/16/shiba-inu-and-boxing-legend-manny-pacquiaos-foundation-collaborate-to-integrate-shibarium/
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Shibarium, the Shiba Inu ecosystem blockchain, now ranks among the top five most active networks on the platform of the prominent blockchain node provider, NOWNodes.
Read more on: https://thecryptobasic.com/2023/11/17/shiba-inu-shibarium-breaks-into-top-5-most-active-networks-on-node-provider-platform/
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In the latest issue of the SHIB Magazine, the Shiba Inu ecosystem team outlined an ambitious vision for achieving mass adoption, looking to shape the blockchain wave rather than merely riding it.
Read more on: https://thecryptobasic.com/2023/11/17/shiba-inu-unveils-vision-for-mass-adoption-in-the-future-here-are-pivotal-initiatives/
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Shiba Inu (SHIB) price has bowed to bearish pressure but the current drawdown paints a generally bullish picture for the week.
Shiba Inu is currently fighting for balance atop a market value of $0.000008492, down by 2.05%. The market cap is also down by 2% to $5,004,478,117 as trading volume slipped 14.56% to $177,393,491. 
Despite this outlook, the optimism surrounding Shiba Inu’s recovery remains high as traders might consider the slumped prices a discount to re-enter the market.
Is Shiba Inu to $0.00001 a Possibility?
For the better part of the year, Shiba Inu has struggled when it comes to its price performance. Notably, the token’s actual ecosystem growth has not been reflected in its price gains. Despite launching Shibarium in August, SHIB has lost 8% of its value in the past three months.
However, the outlook in the past month in which Shiba Inu has maintained an 18% growth has changed the narrative on how feasible attaining the $0.00001 price target is. In the past few days, Shiba Inu rose to a high of $0.000009523, giving the first glimpse that erasing one zero in the short term is possible.
Retesting the $0.00001 price level might be more connected to trends surrounding Bitcoin (BTC) at this time. The slumping price and trading volume can easily shift gear if Bitcoin reverses its current bearish curve. 
Though Shiba Inu is ready for its ride, the outlook of the BTC remains a bottleneck that it has not decoupled from. This decoupling can happen at any time and with the observable revival in the project’s burn rate, the odds are higher.
Unrealistic Timeline?
Shiba Inu’s volatility makes any scenario feasible in the short term. Judging by the regular trend in the market, a price hike will succeed this current slump but the extent of this potential surge is dependent on how aggressive the buying momentum is when the hike returns.
Besides the short-term outlook, many bullish thesis projects have more ambitious price targets for Shiba Inu in the long-term. The most prominent of these long-term predictions comes from Telegaon which foresees a 2 cents price tag for the coin between 2030 and 2040.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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