Shiba Inu (SHIB) had its best season in the first quarter of 2024 when merchant orders grew by 76%. This growth implies enhancing the understanding and adoption of cryptocurrency in every possible transactional activity. The report by CoinGate, released in the first half of 2024 and called "Crypto Payments Report & Industry Insights (H1 2024)," pointed to a rising trend in Shiba Inu. SHIB is listed among blockchain payment systems in surveys alongside other traditional cryptocurrencies such as Ethereum (ETH) and Binance Coin (BNB).
Expansion of the Strategic Network Increases Adoption
The user ShibArmy userbase is rather large and active in promoting the coin, leading other platforms such as CoinGate to integrate SHIB into their systems. The holders' value for SHIB was boosted earlier this year when the expansion to the Binance Smart Chain (BSC) and Polygon networks happened. These expansions have helped open up the cryptocurrency as more people embrace its usage in online and physical commerce.
SHIB holders utilize their tokens for various cases, including traveling and buying games and clothing from big brands. This shows how convenient SHIB can be when used as a payment method for products in different categories. That is why the increasing usage goes far beyond simple digital transactions, emphasizing the possibilities of the SHIB cryptocurrency as a popular digital currency.
Market Turning Point based on Technical Break Out
An analyst primarily known as SHIB KNIGHT said something about the market on his X (previously a Twitter). He had a chart of a stock exchange indicating a breakout of a descending triangle formation signaling a bearish market but has shifted to a bullish one. This breakout, evidenced by a price rise to $0.00001680, suggests a reversal in the downward that could lead to increased investor interest and further price increases if the trend holds.
The combination of higher trade volume and a favorable reaction to this breakthrough may be essential in confirming the trend reversal. This development might set a new direction for SHIB's involvement in the cryptocurrency industry.

Shiba Inu's rapid adoption growth, aided by strategic network extensions and strong community support, establishes it as a more adaptable and generally recognized digital asset. The optimistic market mood and technical indications indicate a bright future for SHIB in the growing cryptocurrency ecosystem.
The post "Shiba Inu (SHIB) Records a Sharp Increase of Raw Merchants' Orders in Q1, 2024" first appeared on 36crypto.com News.
#ETH_ETFs_Trading_Today #shiba⚡ #ShibaInu: #Bitcoin_Coneference_2024

Shiba Inu executive and lead have both made crucial statements to #SHIBARMY
#ShibaInu: marketing lead known to the $SHIB
community as Lucie has published a statement addressed to #SHIB، holders, warning them to watch out for scammers that are trying to capitalize on fake TREAT tokens.
Once again, Lucie reminded the community that this important for the #Shibarium ecosystem token has not been released yet. However, she stated that a lot of scammers are trying to make the SHIB army believe the opposite to pump money out of them. “Don’t let scammers deceive you. $TREAT IS NOT LAUNCHED YET,” Lucie wrote.
Despite the 11% decline faced by Shiba Inu on Thursday in light of the WazirX hack (the largest cryptocurrency exchange in India), SHIB remains strong enough on the daily crypto market chart shared by Lucie.
Since that plunge, the second biggest meme cryptocurrency in terms of market capitalization size has recovered half of its losses, gaining more than 5% and trading at the $0.00001765 level as of this writing. The hacker stole almost 5.5 trillion SHIB coins and sold them for 26,535 $ETH
— the equivalent of roughly $92 million USD.
Shytoshi Kusama makes important statement
The mysterious Shiba Inu lead Shytoshi Kusama has taken to his X account to make a major statement, addressing the massive IT outage witnessed all over the world as the CrowdStrike cybersecurity software company launched an update Falcon Sensor.
This update broke down the work of not only minor but major PC users with Microsoft OS around the world, including airports and even the Sky News website, preventing it from broadcasting.
The CrowdStrike team is working on solving the issue. However, many cryptocurrency space leaders, including Shytoshi Kusama, Dogecoin founder Billy Markus and Cardano creator Charles Hoskinson (with Elon Musk joining them) have made statements, in which they criticized heavily centralized Web2 systems like CrowdStrike and Microsoft.

All of them stated that the time has come to start using global decentralized Web3 systems, which would make the recent CrowdStrike global outage impossible to happen.

In his tweet, #ShytoshiKusama underscored this idea of switching to decentralized systems, saying that one cannot rely on centralized technologies and authorities any longer. He stressed that switching to decentralized tech powered by Web3 would ensure “a high level of engagement, security and innovation” for users.