The #ShibaInu community scam detector has warned the #ShibArmy over information and links shared by the rebranded #SHIB #metaverse account.

Read more on: https://thecryptobasic.com/2023/07/31/concerns-arise-over-shiba-inu-metaverse-twitter-account/

#SHIB

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SHIB price touched highs of $0.00001005 before facing rejection

The dog-themed cryptocurrency Shiba Inu (SHIB) has been steadily rising in value over the last week. The surge caused the SHIB price to break beyond the daily MA 50 barrier at $0.00000947, which had held it back since mid-January.

As bulls surged higher, Shiba Inu made good attempts at breaching the $0.00001 level, which would erase or "kill" a zero from the SHIB price. The SHIB price touched highs of $0.00001005 on Feb. 15 and 16 before facing rejection. At the time of writing, SHIB had returned below the $0.00001 mark, down 3.37% to $0.00000966.

But before SHIB can successfully erase a zero, it must overcome a significant challenge: a 151 trillion SHIB level that lies in between the range of $0.000010 and $0.000013. This level represents a strong resistance zone, where a large number of sellers might emerge and drive the price lower.

According to on-chain data from IntoTheBlock, over 239,300 addresses own 151.49 trillion SHIB at an average price of $0.000011, between $0.000010 and $0.000013.  

This means that these investors are currently underwater and may be tempted to sell their SHIB to break even or reduce their losses. As a result, SHIB bulls will need to resist selling pressure and absorb supply to break above this level.

As SHIB approaches the crucial 151 trillion token level, bulls are gearing up for what could be a monumental showdown. A breakthrough would mark a substantial achievement for SHIB holders and could potentially aid further price appreciation.

Shiba Inu has climbed in tandem with the crypto market recently, a factor that might boost the SHIB price in the days ahead. With Bitcoin and Ethereum recently reaching fresh highs, investors might shift their attention to lesser caps in search of substantial returns.

As SHIB prepares for a potential showdown at the 151 trillion Shiba Inu barrier, the cryptocurrency community watches with bated breath. Whether SHIB can overcome this hurdle and embark on a new bullish cycle remains to be seen. Inu (SHIB) News

#ShibArmy  #Shiba  #ShibaInu  #Bitcoin  #Memecoin

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.“

Let's see how the community will act with this statement.

"Shibarium: ALL IS WELL

MASSIVE influx of transactions and users that happened at the same time when we announced that Shibarium is live.

Good morning ShibArmy,

Let's deal with the fud. There is no bridge issue, any screenshot you see of me saying any issue is false and your funds are safu. So what is happening?

INSANE TRAFFIC INSTANTLY

We've seen ShibArmy bring down large exchanges, websites, and other things. For the first time, our decentralized team has felt the power of the ShibArmy in full. It's insane really.

Our technical difficulty is not an issue of Shibarium, but instead, from the MASSIVE influx of transactions and users that happened at the same time when we announced that Shibarium is live. Our team has been working tirelessly to scale (even though validators were already on autoscale when we made the announcement) and bring up the chain again to an extent that we can handle the influx of our decentralized nation state.

To give an example of the insane level of traffic we just experienced, let's look at one analytics provided by one service we used to check everything, ALCHEMY. (Thanks to the team there for the quick response!)

On the enterprise plan we have with Alchemy, we are allotted 400 Million compute units a MONTH. At launch, we experienced 160+ Million compute units in approximately 30 minutes.

If we continue at that rate, we are expected to reach Billions of compute units in a day, on par with the most active L2 Blockchains that exist. Although we expected a very busy moment, we never expected THIS much traffic, instantly.

Other stats: 1000 Eth, 600,000 Bone deposited into our new chain in approximately, 15 minutes! This just proves that the ShibArmy is STRONG.

Give us time to scale with the amazing team at Unification and others, and then bring up our amazing chain once again so that we can start our journey towards perpetual decentralization. Ignore all fud, and don't click on any links you see that aren't on Shib.io as they could be dangerous.

Thanks for your patience, and power.

sincerely,

Shy"

#Shibarium

#ShibArmy

$SHIB