Should Ethereum’s market cap reach $5 trillion following the ETF approval, the Shiba Inu price could reach unprecedented levels if it follows ETH’s trajectory.

Read more on: https://thecryptobasic.com/2024/07/25/here-is-new-price-of-shiba-inu-and-reduction-of-zeros-if-ethereum-hits-5t-market-cap-as-eth-etfs-trading-starts/
#shiba⚡ #Crypto #CryptoPredctions #CryptoNewsDaddy #CryptoNews🚀🔥"

Shibarmy Scam Alerts, a Shiba Inu community-based scam alert channel, calls attention to deceptive job advertisements capable of draining the wallets of potential victims.  

Read more on: https://thecryptobasic.com/2024/07/25/shiba-inu-makes-crucial-alert-against-threat-that-can-drain-wallets/
#shiba⚡ #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V

Global business magazine Forbes highlights a timeline for Shiba Inu to make a new history in the $0.0001 to $0.0003 price range, representing a price growth of over 1,600%.

Read more on: https://thecryptobasic.com/2024/07/23/forbes-predicts-when-shiba-inu-can-reach-0-0001-to-0-0003/
#shiba⚡ #Crypto #CryptoPredctions #CryptoNewsCommunity #CryptoNews🚀🔥V

SHIB's price decline following the WazirX hacking incident creating panic over shib investors.
SHIB faced a massive sell-off as traders panicked and the exploiter offloaded the assets. As of the time of writing, the value of Shiba Inu had decreased by over 8% for the day.
Notably, the memecoin has dipped by over 12% upto now.That said, SHIB’s potential to continue its decline within the channel is higher if the fractal repeats. In this bearish scenario,.Conversely, a retreat from the ongoing correction may have SHIB retest its resistance confluence zone.The potential for a pullback is high, and traders should monitor key levels and indicators closely.
Investors should remain cautious and stay informed about the latest news and updates. As with any investment, it’s essential to conduct thorough research and consider the risks involved. The future of Shiba Inu Coin holds promise, but it will depend on various factors, including market conditions, technological advancements, and regulatory developments.Whether you’re a seasoned investor or a newcomer, staying updated with the latest news and developments is crucial to making informed decisions in this exciting and unpredictable space.It will be interesting to see whether a SHIB price rally will follow the resurgence of the aforementioned bullish indicators in the near future.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article include the author's personal opinions and Readers are encouraged to do thorough research before making any investment decision's.

#SHIBARMYSTRONG. #shiba⚡ #crypto #binanceWrite2Earn #SHIB $SHIB

Will 2024 go down in history as the year of the meme coin? As the cryptocurrency market bounced back from its slump in late 2023, digital tokens based on quirky or funny memes started grabbing the spotlight. Sure, these meme coins might tickle your FOMO nerve, but let’s be real—they’re a pretty risky bet.
Thinking about diving into meme coin speculation with some spare change you can afford to lose? Let’s keep things sensible and kick off with the basics: what meme coins are, their history, and a few of the most popular tokens.
What are Meme Coins? 🐶

Meme coins are digital currencies that draw inspiration from, you guessed it, memes! Unlike Bitcoin or Ethereum, these coins don’t have any grand financial or technological purpose. They’re the crypto equivalent of meme stocks like GameStop or AMC, living off humor and social media hype.
Key Characteristics of Meme Coins
1. Humor and Satire 🎭
Meme coins often start as jokes or parodies. Their main draw? Entertainment value. Who wouldn’t want to own a coin that’s a literal joke?
2. Community Power 🌐
The lifeblood of meme coins is their community. Active and engaged holders drive a coin’s popularity, often creating a sense of belonging among members.
3. Social Media Fame 📱
Meme coins thrive on social media. A buzzing online presence can skyrocket their value, as everyone rushes to get in on the action.
4. No Intrinsic Value 📉
Unlike traditional investments like stocks or bonds, meme coins have no underlying value. They’re all about the meme and the hype.
5. Wild Volatility 🚀
Meme coins can be incredibly volatile. Their prices, trading volumes, and liquidity can change in a heartbeat.
6. Speculative Attraction 🎲
These coins attract traders looking for quick, high returns. It’s a gamble, plain and simple.
7. Limited Use 💼
Most meme coins don’t have practical applications beyond speculative trading. Many don’t even have white papers explaining their purpose or technology.
8. Short Lifespan ⌛
While a few meme coins have managed to stick around, most fade as quickly as they rise. The hype doesn’t last forever.
9. Easy to Create 🛠️
Got an idea for a meme coin? Great! Anyone can create one, even without coding skills. The barrier to entry is low.
10. Low Market Caps 💸
Even at their peak, most meme coins don’t command high market values. They often trade for fractions of a penny.
11. Low Fees 💰
Transaction fees for meme coins are typically low, encouraging speculative trading.
12. Copycats Everywhere 🐱‍👤
Success breeds imitation. The moment one meme coin hits it big, similar coins start popping up left and right.
The Risky Business of Meme Coins ⚠️
All these fun features come with a hefty dose of risk. Meme coins can plummet to zero because they lack intrinsic value. High volatility makes them a wild ride, and their popularity can disappear overnight.
Other risks include:
Scams: Meme coins can be fertile ground for scams. Fake projects, pump-and-dump schemes, and exit scams (where creators vanish with investors’ money) are all too common.
Security Flaws: Rapid development by inexperienced creators can lead to poorly written code and security vulnerabilities.
Regulatory Uncertainty: Meme coins, seen as frivolous, could be targeted by stringent regulations.
A Brief History of Meme Coins 📜
2013: Dogecoin's Debut 🐕

Dogecoin (DOGE) started it all in December 2013 as a joke. Software engineers Billy Markus and Jackson Palmer created it to poke fun at the explosion of new cryptocurrencies. Featuring a Shiba Inu dog, Dogecoin unexpectedly gained a massive following thanks to its friendly and humorous vibe.
2020: Shiba Inu Steps Up 🦊

Inspired by Dogecoin, Shiba Inu (SHIB) launched in August 2020. Created by an anonymous developer named “Ryoshi,” SHIB leveraged social media to build a strong community, much like its predecessor. Celebrity endorsements helped boost its profile.
2021: Meme Coin Mania 💥
Meme coins hit a peak in 2021, with new coins like Akita Inu and Kishu Inu emerging. Some, like SafeMoon, turned out to be scams. The bear market that began later in 2021 dampened enthusiasm, highlighting the market’s volatility.
2023: The Rise of PEPE 🐸

PEPE, based on the Pepe the Frog meme, reignited interest in meme coins in 2023. Social media buzz and community building propelled PEPE to new heights, although its association with controversial groups raised some eyebrows.
Notable Meme Coins 🌟
Dogecoin: The original and still going strong.Shiba Inu: A strong contender with its decentralized exchange, ShibaSwap, and the Shibarium blockchain network.Dogwifhat: Featuring the Doge in various hats, this coin uses creative marketing and social media to gain traction.Jeo Boden and Doland Tremp: Political satire coins playing off U.S. presidential names.
The Bottom Line 📉
Meme coins are a risky but entertaining part of the crypto world. They capture internet culture and can be fun to be a part of, but they lack intrinsic value. If you’re thinking about diving in, know that it’s more like playing the lottery than making a solid investment. Keep your wits about you, and never invest more than you can afford to lose.
So, are you ready to join the meme coin party, or will you leave the joke to others? 😉

#MemeCoinsDebate #pepecoin🐸 #Dogecoin #shiba⚡ #memecoin🚀🚀🚀

A prominent chartist predicts Shiba Inu is on the verge of a rally that could propel its value beyond its ATH to within the $0.0001 range.

Read more on: https://thecryptobasic.com/2024/07/22/shiba-inu-howling-at-the-moon-expert-argues-elliott-wave-to-take-shib-towards-0-0001/
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According to IntoTheBlock data, Shiba Inu (SHIB) is seeing a surge in large holder net flows, a metric that determines the change in the position of crypto whales.
Shiba Inu was experiencing an 8,530.25% surge in large holder netflows over the last seven days, albeit the increase was a negative one. Typically, drops in large holder netflows might indicate selling.
The negative surge in netflows is not so far-fetched, given the recent incident, which saw a significant amount of SHIB, over 5.4 trillion tokens, sold following the WazirX exploit. The alarming netflow surge might be mirroring Shiba Inu's on-chain reaction in the wake of selling triggered by the incident.
In the past week, the entire crypto market was taken aback when Indian crypto exchange WazirX suffered a security breach in one of its multisig wallets, resulting in the loss of user assets and over $230 million in withdrawals.
According to blockchain statistics, 5.4 trillion SHIB tokens worth approximately $100 million were withdrawn, accounting for the majority of missing funds, which were eventually sold off by the exploiter.
Shiba Inu (SHIB) price on verge of key barrier
Shiba Inu's price rebounded shortly after the WazirX incident, rising for three consecutive days before retreating. At the time of writing, SHIB was down 2.2% in the last 24 hours to $0.0000175, reflecting a broader drop in the general crypto market.
Shiba Inu's current price action has brought it to the edge of a significant barrier that needs to be taken out for it to advance.
According to IntoTheBlock data, near where Shiba Inu currently trades, 434.97 trillion SHIB were bought by 37,560 addresses in the range between $0.000017 and $0.000019 at an average price of $0.000018.
Breaking through this significant price barrier might lead to increased buying activity and potentially drive SHIB prices higher. In the coming days, the market will be closely monitoring SHIB's trajectory, anticipating its next major move.
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