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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Malicious actors stole hundreds of billions of Shiba Inu tokens as well as other crypto assets in a recent Heco cross-chain bridge exploit. 
Read more on: https://thecryptobasic.com/2023/11/23/hackers-drain-over-346-billion-shiba-inu-tokens-in-heco-bridge-attack/
#SHIB-3.59% #ShibaInuUpdate #Crypto #CryptoTreasure #CryptoNews🔒📰🚫

The Shiba Inu team announced that they will collaborate with Web3 domain company D3 to provide “.shib” internet domains. The “.shib” internet and blockchain domain name is expected to be launched in the coming months.
“.shib Domain Name for Websites Will Be Sold”
Representatives of the Shiba Inu network announced on Telegram that they are preparing to apply for the .shib domain. The application will be submitted to ICANN, the global database for internet domain names, during the next application window.
ICANN reviews each internet domain application, giving owners the right to sell the dot com suffix. Cryptocurrency domains expand on this concept by connecting a wallet owner to a domain name. This domain name can be used as proof of identity in blockchain applications, thus helping to protect privacy.
Related News: Major Danger at Popular Cryptocurrency Exchange: "Those Using the Old Version May Lose All Their Assets"
Shiba Inu Lead Developer Shytoshi Kusama expressed his excitement about the partnership with D3. Kusama said:
“Our partnership with D3 allows us to scale beyond the existing SHIB community and provide over 5 billion internet users with direct access to the SHIB ecosystem. Bringing real domains to SHIB is a big deal that allows us to generate long-term revenue within the ecosystem while expanding our vision for digital identities in our decentralized ecosystem.”
$SHIB #shiba #ShibaInuUpdate

- Lead developer Shytoshi Kusama teases an upcoming "revolutionary" year-end surprise, hinting at potential excitement in the Shiba Inu ecosystem.
- Shibarium, the Shiba Inu network, achieves a milestone with daily transactions surpassing 6 million, accompanied by the creation of over 1.3 million wallets and processing 134 million transactions.
- SHIB experiences a slight decline of about 7%, tracking alongside Bitcoin and Ethereum, while retesting the critical support level at $0.0000097.
- Analyst Ali anticipates a rebound and a substantial 45% surge in SHIB's value, projecting a rise to $0.000014, contingent upon the realization of the hinted year-end surprise.
Throughout this year, SHIB hasn't seen the meteoric rise it once did. While its growth has been modest at around 20%, it's been relatively quieter. Yet, beneath the surface, significant developments have been brewing, setting the stage for a potentially remarkable year-end finale.
Hints of an Exciting Year-End Surprise for SHIB
Shytoshi Kusama, the enigmatic lead developer behind SHIB, has tantalized the SHIB community with whispers of a game-changing "year-ending surprise." Through cryptic tweets over the weekend, Kusama hinted at a forthcoming development deemed "revolutionary," suggesting a transformative shift poised to redefine Shiba Inu's trajectory.
The details remain shrouded in mystery, but Kusama's allusions point toward a potential burning of substantial SHIB tokens—potentially involving billions or trillions—hinting at a monumental shift. Further teases suggest these updates could propel SHIB beyond its memecoin origins into a network equipped to address tangible real-world challenges.
Embracing Global Adoption and Evolution
Kusama emphasized the imperative of global adoption for Shiba Inu, advocating for Web3 innovators to strive toward making SHIB universally accessible and appealing. This shift hints at a metamorphosis from a playful meme-based currency to a platform aiming to solve substantial real-world issues.
Teasing the Unveiling: Shibarium's Soaring Metrics
In anticipation of the enigmatic reveal, Shibarium's metrics have soared. Daily transactions on the network surged beyond 6 million, showcasing an exponential rise. Wallet addresses created on the network crossed the 1.3 million milestone, presently numbering approximately 1,316,316 and continuing to grow.
The network's cumulative transaction count has also skyrocketed, exceeding 130 million transactions—a testament to increasing engagement within the Shiba Inu ecosystem.
Predictions Amid Market Fluctuations
Currently trading around $0.00000845, SHIB experienced a marginal daily decline of about 7% in line with the broader market trend. Bitcoin and Ethereum, experiencing similar downward trends, contributed to this temporary pullback.
Recent price fluctuations show SHIB retesting resistance levels after an initial surge above $0.00001, subsequently facing resistance at $0.000011. While recent movements have dipped slightly below $0.00001, retesting the $0.0000097 resistance, analysts remain optimistic.
Potential Outlook and Future Scenarios
With the promised groundbreaking update looming, a resurgence could catapult SHIB to a projected 45% rally before year-end, targeting the $0.000014 threshold—provided it sustains above key support levels.
Disclaimer: While Voice of Crypto aims to provide accurate and current information, readers are advised to conduct their own research due to the volatile nature of cryptocurrencies. Financial decisions should be made with diligence and understanding of potential risks.
#ShibaSurge #SHIB #Shiba.Inu #ShibaInuUpdate
$SHIB

A significant portion of cryptocurrencies has exhibited positive price fluctuations, resulting in Shiba Inu experiencing a 2% increase in value during the last 24 hours. Despite the marginal price escalation, there has been a substantial decline observed in the pace at which SHIB tokens are being burned.
Based on the data provided by Shibbburn, the official SHIB burn tracker, the number of SHIB tokens burnt throughout the past 24 hours amounted to 983,884. This figure indicates a substantial decrease of more than 99% compared to the preceding day. The observed substantial decrease in the burn rate is expected to elicit apprehension among investors over the potential downward impact on the price of SHIB in the near future.
The burn rate of SHIB has experienced a significant decrease of 98.79%.
The basic objective of the burning of Shiba Inu tokens is to decrease their circulating supply, hence promoting scarcity and consequently increasing the value of these tokens. The burning of SHIB tokens occurs intermittently, with certain days exhibiting a higher frequency of token burn compared to others. As an illustration, the initial burning of SHIB tokens on Shiba Inu's layer-2 solution, Shibarium, resulted in the reduction of 97 million SHIB tokens.
Based on the information provided on the Shibburn website, it has been seen that throughout the preceding 24-hour period, a cumulative sum of 983,884 SHIB tokens underwent a process of burning through three distinct transactions. Notably, the largest quantity of 42,850 SHIB tokens was moved to an inactive wallet. The aforementioned data indicates a reduction of 98.79% in the quantity of tokens that were subjected to burning, signifying a substantial drop in comparison to previous days.
In order to provide a contextual framework, it is noteworthy that a cumulative sum of 81.26 million SHIB tokens underwent the process of burning on the preceding day, while an additional quantity of 49.76 million SHIB tokens underwent the same process two days prior.
Implications for Investors in Shiba Inu
Investors have the ability to burn SHIB tokens by sending them to one of the three designated SHIB burn addresses. As per the marketing lead of the Shiba Inu community, the process of SHIB burning is a collaborative endeavor within the community. According to the data obtained from the Shibburn website, the quantity of SHIB tokens that have been permanently removed from circulation exceeds 410 trillion, representing a significant reduction from the original token supply.

The observed decline in the rate of SHIB token burn has persisted over a considerable period, indicating a diminishing level of interest due to the perceived lack of impact on market dynamics. According to the documented records from Shibburn, an observed decrease of 37.12% in the quantity of SHIB tokens burned during the month of October was identified in comparison to the preceding month of September. The rate at which the burn performance occurred had a deceleration over the course of the month, despite the fact that the price of the cryptocurrency increased by more than 17% from its lowest point in October.
The current trade price of SHIB is $0.000008687, reflecting a positive increase of 23.75% over the course of the previous 30 days. The prospect of SHIB reaching a value of $1 is unpromising presently, given the substantial circulation of over 589 trillion SHIB tokens. The involvement of SHIB burns will be crucial in facilitating the attainment of the $1 milestone for the cryptocurrency, as they will effectively contribute to the reduction of the overall supply.
#ShibaInuUpdate #SHIBburn #BinanceSquare

Overtaking a zero and entering a vital demand zone for Shiba Inu, the price of Shiba Inu increased to $0.000010, a significant increase.
It's possible that the price of SHIB will break through the barrier at $0.000011 and increase to $0.000014.
The supply of Shiba Inus on exchanges continues to be relatively limited, which is supporting price increases for SHIB.

Over the course of this week, the price of Shiba Inu has decreased by zero, reaching a new high of $0.000010. The most recent move made by the meme currency has resulted in 22% of SHIB holders being profitable. It is beneficial to retain wallet addresses that contain 134.63 trillion SHIB at the present pricing level.
Observations made on the Shiba Inu blockchain indicate a favorable prognosis for SHIB.
Santiment, a cryptocurrency intelligence tracker, has uncovered on-chain evidence that indicates favorable indicators for the price of SHIB.
According to the statistics provided by Santiment, the supply of SHIB on exchanges now accounts for 7.84% of the overall supply of the asset.
Because the supply of the meme currency continues to be relatively limited, it is guaranteed that SHIB will not be subjected to significant selling pressure, which would cause the asset's price to decrease.

As this article is being written, the price of a Shiba Inu is $0.00001039.
There are currently 89,360 wallet addresses that have gathered 134.63 trillion SHIB tokens, which has caused the Shiba Inu price to be in a critical demand zone. As can be seen in the Global In/Out of the Money chart that follows, once the price of SHIB reaches the upper border of the zone at $0.000011, the way to $0.000014 is expected to be straightforward for the meme coin. $SHIB
As of the time this article was written, the price of Shiba Inu has generated almost 2% daily gains and nearly 6% weekly gains for holders thus far.
#Shibaprice #ShibaInuUpdate #memes

Shiba Inu says a renowned athlete will feature on the cover of the upcoming Shib Magazine, with 3K free NFT covers announced to commemorate the development.
Read more on: https://thecryptobasic.com/2023/11/13/shiba-inu-renowned-athlete-to-grace-cover-of-upcoming-shib-magazine/
#ShibaInuUpdate #ShibMagazine #Crypto #CryptoEcosystems #CryptoNews🔒📰🚫

The crypto industry has seen numerous success stories, and Shiba Inu (SHIB) stands out as a notable example. Launched in August 2020, this digital asset has made a significant impact on the financial world. It drove early investors into the realm of millionaires and even billionaires. The extraordinary surge in value, reaching its pinnacle in October 2021, has left many marveling at the potential gains within the crypto market.Within just a year of its introduction, Shiba Inu experienced an unprecedented surge in value. The most astonishing figures stem from its peak in October 2021. Several witnessed an incredible 1,000,000% return on their initial investment. This surge further turned those who had invested in SHIB during its humble beginnings into overnight millionaires.For those with the foresight to invest in Shiba Inu at its lowest point in November 2020, the returns have been nothing short of astronomical. A $1,000 investment during this period, when SHIB was priced at $0.000000000056366, translated into 17.7 trillion SHIB. Fast forward to November 2023, with Shiba Inu trading at $0.00000919, and the value of this investment reached an incredible $16,304,154 – showcasing a phenomenal growth rate exceeding 1,630,315.4%.Shiba Inu’s price in 2027While the past success of SHIB is undeniable, potential investors are left pondering: what lies ahead? As of today, a $1,000 investment in Shiba Inu would mean holding 113058224.98586774 SHIB tokens. This is given its current trading price of $0.00000883. According to the forecast network Telegaon, SHIB could see prices ranging from $0.0000945 to a maximum of $0.000198 by 2027. This implies that the $1,000 SHIB investment could be worth $10,282 in four years. It should be noted that this is based on an average price of $0.000153.Additionally, Changelly, a crypto exchange, offers a more conservative estimate. It further suggests that a $1,000 Shiba Inu investment in 2023 could be valued at $5,182 by 2027. This represents a 418% growth percentage, a much more modest projection compared to Telegaon’s over 2,054% estimate.The predictions for Shiba Inu’s future value differ, highlighting the need for careful review and research. This is for those contemplating an investment in this digital asset. Whether SHIB remains a lucrative investment in the years to come is uncertain, but its journey thus far has unquestionably left a lasting impression on the crypto landscape.#ShibaInuUpdate #ShibaInuMystery