Novice

According to U.Today, Lucie, a marketing expert for Shiba Inu, recently addressed the global community of Shiba Inu holders on the X platform, formerly known as Twitter, to discuss strategies for protecting themselves against fraudulent activities in the cryptocurrency space. Lucie emphasized the importance of maintaining a calm demeanor and not allowing scams to distract or provoke reactions. She suggested that the most effective way to safeguard against scams, rug pulls, and pump-and-dump schemes is to simply ignore them. Lucie likened reacting to scams to accepting 'free candy from strangers' or purchasing counterfeit items from aggressive street vendors, advising that crypto investments should be approached with caution and common sense.In related news, the Shibburn wallet tracking platform reported a significant increase in the SHIB burn rate, with a rise of over 208% in the past day. This increase was achieved by removing 53,427,800 SHIB meme coins from circulation, with the majority being burned in a single transaction that sent 53,423,510 Shiba Inu to an unspendable blockchain wallet. The Shibburn website indicates that the combined efforts of the SHIB team and community have resulted in the burning of 410,742,344,605,975 SHIB to date. A significant portion of this amount was burned by Ethereum founder Vitalik Buterin in May 2021, after the mysterious SHIB creator Ryoshi sent half of the quadrillion supply to Buterin as a gesture of respect. Currently, 583,957,559,864,114 SHIB remain in circulation on the market.

According to U.Today, the Shiba Inu community has significantly increased the burn rate of SHIB tokens over the past 24 hours. The Shibburn data tracker reported a remarkable 2,542% rise in the burn rate, with a total of 68,170,710 SHIB tokens removed from circulation. This increase in burn rate comes as the SHIB community closely monitors the cryptocurrency's price, which has been attempting to surpass the $0.000033 resistance level this week.The substantial amount of SHIB burned was achieved through several transactions, with two notable transfers accounting for the majority of the tokens sent to unspendable blockchain addresses. These transactions involved 53,423,510 and 14,742,910 SHIB tokens, respectively. This recent burn activity follows a previous report from Shibburn, which highlighted a staggering 144,045% increase in SHIB burns two days ago, with 2,041,299,351 SHIB transferred to dead wallets. The founder of SquidGrow, @Shibtoshi_SG, was responsible for a single transfer of 2,020,624,700 SHIB during this period. Over the past week, the SHIB community has successfully burned a total of 2,985,633,942 SHIB tokens.Despite the impressive burn rate, SHIB's price performance has been volatile. Over the last 24 hours, the meme-themed cryptocurrency has experienced a decline of approximately 8.55%, dropping from $0.000033 to around $0.000030. This decrease followed a nearly 24% surge earlier in the week, which occurred between Tuesday and Thursday. This was the second attempt by SHIB to break above the $0.000033 resistance level in the past seven days, having previously reached this level over the weekend after a 24% increase. As of the current writing, Shiba Inu is trading at $0.00003014 per token.

According to ShibDaily, Shiba Inu (SHIB) has experienced a significant increase in network activity, with a notable surge in new wallet creation. On a recent Sunday, over 7,500 new wallets were established, marking a 214% rise compared to the token's average daily growth of approximately 2,400 wallets. This surge indicates a growing interest in SHIB's expanding ecosystem and has generated positive sentiment among investors and analysts.Historically, Shiba Inu has maintained a steady but modest daily growth rate in wallet creation. However, the recent spike in activity suggests a wave of new participants entering the ecosystem. This growth surpasses previous trends, such as in January 2023, when SHIB's wallet growth continued despite market volatility. Data from CoinMarketCap showed that the total number of unique Shiba Inu addresses reached a record high of 1,136,080 by January 13, 2022, up from 1,063,858 holders on December 15, 2021. This represented an increase of 72,222 new holders over the previous month, averaging around 2,407 new wallets per day.

According to U.Today, Shytoshi Kusama, the enigmatic leader of the Shiba Inu (SHIB) project, has issued a warning about potential threats to the project's decentralized autonomous organization (DAO). Kusama, who operates under a pseudonym, stated that he had a revelation in a dream about a group he referred to as "shadowcats" planning to take over the DAO. This DAO is intended to transition governance functions of the SHIB ecosystem to all SHIB holders, regardless of their stake size.Kusama assured the community that any plans against SHIB and its DAO would not succeed, as the team is prepared to counteract any such threats efficiently. He emphasized that strategies are already in place to address these challenges. This statement follows a previous announcement by SHIB marketing lead Lucie, who highlighted the DAO's role in giving SHIB users more control over decisions impacting the ecosystem.In related developments, Kaal Dhairya, a leading developer in the SHIB project, has shared his thoughts on enhancing the Shiba Inu ecosystem, particularly concerning token burns. Dhairya mentioned having "big ideas" for the ecosystem but did not disclose specific details. He stressed that burning and reducing the supply of SHIB is a collective effort and not solely the responsibility of the SHIB team.Dhairya's comments came after a heated discussion on the X platform, where he addressed complaints about the SHIB team's role in token burns. He pointed out that the utility of Shibarium, the SHIB blockchain platform, directly influences the rate of token burns. Additionally, he announced that the automated SHIB burn mechanism would undergo maintenance to introduce a more efficient and cost-effective burn process.Over the past month, the SHIB community and developers have successfully burned a record 3,162,301,655 SHIB tokens in 167 transactions, as reported by the Shibburn tracker. This effort reflects the ongoing commitment to reducing the circulating supply of SHIB and enhancing the project's overall utility.

According to U.Today, Shiba Inu (SHIB) has experienced a notable 13% decrease in value over the past day, following a strong rally earlier in the week. During this rally, SHIB managed to break through significant resistance levels, reaching a high of $0.000033 before retreating to $0.000029. The recent price movement was characterized by a breakout from a bullish pennant pattern. However, it remains uncertain whether this rally was sustainable or merely a result of overbought conditions, as indicated by the Relative Strength Index (RSI), which suggests a cooling-off period.Despite the recent decline, on-chain data reveals that 73% of SHIB holders are still profiting at the current price level. The rally and subsequent sell-off appear to have been heavily influenced by large holders, with a 74% concentration. Over the past week, there has been a significant volume of transactions exceeding $100,000, amounting to $1.63 billion, indicating active participation by whales. Looking ahead, the $0.000027 range is identified as a crucial support level for SHIB.A potential rebound could be driven by increased interest from both institutional and retail investors if SHIB maintains its current level. To sustain its bullish trend, SHIB must overcome resistance at $0.000033 and $0.000036. Despite the recent downturn, SHIB continues to exhibit strong network activity, with a large percentage of long-term holders (77% holding for more than a year) demonstrating confidence in the asset's fundamentals. However, if selling pressure persists or the broader market deteriorates, further declines cannot be ruled out. The current correction may serve as a necessary phase of consolidation, and another rally could occur if support holds and market sentiment improves. Investors are advised to exercise caution and closely monitor key levels.

According to Decrypt, Shiba Inu (SHIB), the second-largest dog-themed cryptocurrency by market capitalization, experienced a significant price surge on Saturday, reaching an eight-month high. The Ethereum-based token spiked to $0.00002969 before slightly retreating to $0.00002897. Despite the slight decrease, SHIB remains up over 12% for the day. The last time Shiba Inu reached such a peak was on April 1. Among the top 50 cryptocurrencies by market cap, SHIB is the leading gainer, with Filecoin following with a 10% increase.While Shiba Inu leads the charge, other dog-themed meme coins have shown mixed performance. Bonk (BONK) and Dogwifhat (WIF) have each seen modest gains of approximately 1% over the past 24 hours. However, Floki (FLOKI), another Ethereum-based token, has risen by nearly 6% today. Dogecoin (DOGE), the most prominent meme coin, is approaching a one-week high with a current price above $0.43, marking a 3% increase for the day. Last Saturday, DOGE reached a three-year high of $0.475, and it has surged by 164% over the past month.

According to U.Today, the Shiba Inu (SHIB) community has significantly increased its burn rate, removing tens of millions of SHIB tokens from circulation. In the past 24 hours, a total of 61,468,595 SHIB coins have been sent to unspendable wallets, marking a 5,154% increase in the burn rate. This surge was largely driven by a single massive burn transaction, which accounted for 80.95% of the total amount burned. The largest transaction involved 48,266,929 SHIB, executed by an unknown wallet. This was followed by smaller transactions of 6,008,171 and 3,938,558 SHIB.The SHIB team, through its marketing lead known as Lucie, addressed the community, emphasizing the importance of patience and commitment to building within the crypto space. Lucie advised against investing large sums into blockchain projects unless one is a crypto billionaire, suggesting that focusing on personal passions and allowing growth to occur naturally is more effective. She also highlighted the need to ignore negative influences and individuals who contribute little to the community.In terms of market performance, Shiba Inu has experienced notable price movements. Over the past day, SHIB's price rose by approximately 7.5%, reaching $0.00002652, before declining by 4.3% to $0.00002539. This fluctuation follows a 12% increase since Tuesday, reflecting the volatility often seen in meme cryptocurrencies. Despite the recent decline, the SHIB community remains active in its efforts to reduce the circulating supply through strategic burns.

According to U.Today, the U.S. financial markets are closed today, November 28, in observance of Thanksgiving Day. This closure means that traditional market participants are not active in the cryptocurrency market, particularly in Bitcoin and Ethereum ETFs. As a result, cryptocurrencies like Shiba Inu (SHIB) are trading without the influence of major players who might otherwise exert pressure through these financial instruments.On this holiday, the price of SHIB has shown a multidirectional movement, finding support at a significant level around $0.000025. This support emerged after a price dip followed by a recovery, forming a long hairpin on the hourly price chart. From a local low of $0.0000234, SHIB's price increased by 12.5% before correcting by 3%, settling at its current level. This pattern is considered a textbook correction, which is deemed healthy and necessary for a potential further upward trend. 

According to ShibDaily, Shiba Inu (SHIB) is showing signs of a potential price surge, with predictions suggesting an increase of over 300% from its current value. On Tuesday, Javon Marks, a cryptocurrency analyst, shared insights on X (formerly Twitter) about several bullish technical indicators that could propel SHIB to new heights. Marks noted that Shiba Inu has been in a strong position, having broken out and risen by over 162% recently. He highlighted a "Hidden Bullish Divergence," which indicates increasing buying pressure despite price dips, as a key factor in the potential price increase.Marks' analysis suggests that this divergence could push SHIB over 75% above its 2024 highs, potentially leading to a 215% increase to a target price of $0.000081. The analysis also pointed out a significant breakout in late 2023/early 2024, followed by consolidation above previous resistance levels, now acting as potential support. This shift in market sentiment is further supported by increased trading volume during the breakout and consolidation phases.As of early Tuesday morning, Shiba Inu was trading at $0.000025, reflecting a slight decline over the past 24 hours and week. Despite this recent dip, the cryptocurrency has experienced a substantial 47.72% increase in value over the past month. Community sentiment on CoinMarketCap remains largely positive, with 89% of users expressing bullish views on SHIB's future, indicating strong underlying support and belief in its long-term potential.Shiba Inu currently holds a market capitalization of $14.83 billion and a circulating supply of 589.51 trillion SHIB, maintaining its status as a significant player in the cryptocurrency market. While the recent price decline suggests potential market volatility, the overall bullish sentiment and technical indicators point towards a promising outlook for Shiba Inu. Readers are advised to conduct their research and consult with financial advisers before making investment decisions. This article is for informational purposes only and should not be considered financial advice.

According to U.Today, Shibarium, the Layer-2 protocol of Shiba Inu (SHIB), is on the verge of reaching a significant milestone as it continues to gain traction in the cryptocurrency space. The number of wallet addresses associated with Shibarium has seen a substantial increase, nearing the 1.9 million mark. Data from Shibariumscan indicates that the current total of wallet addresses stands at 1,899,389, just 611 short of the milestone. This growth reflects the increasing engagement within the Shiba Inu ecosystem.The rise in wallet addresses suggests that more users are joining the Shibarium network, highlighting the expanding community of Shiba Inu supporters. Shibarium supports native tokens such as SHIB, LEASH, and BONE, and the growing number of wallet addresses could lead to heightened activity within the network. This increase in activity might result in more token transactions, staking, and governance decisions, potentially enhancing the utility and value of the ecosystem's tokens.In addition to the surge in wallet addresses, Shibarium has surpassed a major block milestone. The total transaction volume on the network currently stands at 551,059,737, with daily transactions averaging 4.67 million. This equates to more than 2.5 transactions per wallet. Recently, Shibarium exceeded the 8 million block milestone, with the total number of blocks now at 8,032,699. This achievement underscores Shibarium's steady growth over the past year.In the broader cryptocurrency market, SHIB has experienced a 10.61% increase in value over the past 24 hours, trading at $0.00002739. The market volume for SHIB has also surged by 122.29%, reaching $3.24 billion, as the ecosystem continues to attract significant interest.

According to U.Today, Shiba Inu (SHIB) is gearing up for a potential market shift, driven by profitability metrics and on-chain data. As significant addresses move into profitable zones, approximately 74 trillion SHIB tokens are expected to become active, which could lead to a notable change in the token's price dynamics.Recent data indicates that 62% of SHIB holders are currently profitable, reflecting a high level of investor confidence. This increased profitability translates into heightened market confidence, especially as price levels rise and active addresses become more engaged. A high profitability ratio often serves as a support mechanism, reducing selling pressure and stabilizing the price. If SHIB continues its upward trend, the likelihood of profit-taking also increases.The SHIB price chart reveals the formation of a bullish triangle, with a recent breakout above the $0.000026 barrier. This breakout is a strong bullish signal, suggesting that SHIB may be targeting the next resistance level near $0.000030. If the asset maintains its momentum, it could aim for even more ambitious targets. However, the 200-day moving average at $0.000022 remains a critical support level. Should SHIB fail to stay above this level, it may revert to a consolidation phase, reversing the current bullish outlook.The market sentiment towards SHIB remains predominantly bullish, supported by significant transactions exceeding $1.03 billion over the past week. This influx of substantial transactions further reinforces the positive perception of SHIB in the market.

According to U.Today, Stellar (XLM) has recently overtaken Shiba Inu (SHIB) in terms of market capitalization, following a substantial rally. CoinGecko data reveals that XLM's market cap has surged to $17.3 billion, marking a 190% increase over the past week and a 600% rise over the last three weeks. In contrast, SHIB's market cap stands at $15.7 billion, with a comparatively modest 9% price increase.XLM is now on the verge of breaking into the top 10 cryptocurrencies by market capitalization, a notable milestone for the altcoin that often remains under the radar. Stellar's native token, XLM, was co-created by Ripple co-founder Jed McCaleb and is known for its tendency to trade in tandem with XRP, the token associated with Ripple. Earlier this week, XRP experienced a significant rally, reaching a multi-year high of $1.6, following the announcement of SEC Chair Gary Gensler's upcoming resignation.Ripple CTO David Schwartz has previously commented on the price correlation between XLM and XRP, expressing uncertainty about the underlying causes. Schwartz suggested that external factors outside their ecosystems might be influencing both tokens' prices. He dismissed the idea of manipulation or any malicious force driving the correlation, attributing it instead to their shared history and the perception of market participants.

According to U.Today, Shiba Inu's marketing lead, known as Lucie, has issued a warning to the cryptocurrency community about fraudulent actors targeting the sector. In a recent post on her X account, Lucie cautioned against retweeting content from these deceptive individuals, noting that such actions are not wise. She highlighted that these 'shady bad actors' often sell their accounts to other users, emphasizing the importance of avoiding scams. Lucie's message serves as a reminder to the community to exercise caution and integrity.In a related post, Lucie addressed concerns about the potential for 'rug pulls' within the Shiba Inu ecosystem. Responding to a query from a community member, she acknowledged that while it is impossible to completely eliminate rug pulls, the Shiba Inu team is committed to educating and warning its community. Lucie advised followers to rely on trustworthy sources, such as the @susbarium account on the X app, which regularly issues scam alerts and updates about the Shiba Inu ecosystem. She stressed the importance of staying informed about risks and developments, encouraging users to recognize red flags and conduct thorough research before engaging with any project.Lucie also emphasized the need for collective awareness and caution to ensure the safe navigation of decentralized platforms. She reiterated her advice to follow accounts with integrity for accurate information, underscoring the role of education and precautions in safeguarding the community. Meanwhile, the Shiba Inu cryptocurrency has experienced a notable price increase, with a 12% growth over the past 24 hours. This surge was largely driven by a significant upward movement on an hourly chart, pushing the price from $0.00002521 to $0.00002759 before settling slightly lower. The recent performance has captured the attention of the community, highlighting the ongoing interest in meme-inspired cryptocurrencies.

According to U.Today, the Shiba Inu team, represented by its marketing lead known as Lucie, has issued a warning to the SHIB community about the prevalence of crypto scams. This announcement comes as the SHIB token experienced a 12.5% increase in value over the past day. Lucie cautioned the community about scammers who disguise themselves as legitimate players in the crypto space, manipulating truths and exerting emotional pressure on investors. These scammers often create a sense of urgency, making investors feel they are missing out on significant opportunities, only to promote fraudulent schemes and pump-and-dump tactics. Lucie advised the Shiba Inu community to remain vigilant and avoid falling for false promises or dubious projects. She emphasized that while the desire to earn money is natural, true wealth is achieved through patience and holding investments, rather than succumbing to fear of missing out (FOMO).In a related development, another account linked to the SHIB team, @susbarium, highlighted an adoption test designed to distinguish between cryptocurrency projects that offer genuine value and those that merely deplete liquidity. The post explained that projects adding value contribute to real crypto adoption by building liquidity and creating sustainable ecosystems, thereby empowering users with solutions that benefit the broader community. These projects foster long-term growth and strengthen their ecosystems. Conversely, projects that drain liquidity tend to exploit hype, extracting funds without providing tangible benefits, and often vanish, leaving their ecosystems weaker.The tweet from @susbarium also warned about meme coins, which, while capable of fostering engagement and community spirit, can attract opportunists who contribute little value. It stressed the importance of balancing fun with real utility and urged users to carefully evaluate projects by asking whether they add value or merely consume resources. This message underscores the need for investors to exercise caution and discernment in the rapidly evolving crypto landscape.

According to U.Today, a social media administrator from the Shiba Inu team, known as @DavinciShib on the X platform, has issued a significant warning to the Shiba Inu community. The warning elaborates on how scammers exploit the SHIB name, echoing a recent post by Shytoshi Kusama about similar fraudulent activities. @DavinciShib cautioned the SHIB community about individuals who add “SHIB” to their names to promote and sell dubious coins. He emphasized that this practice is a major red flag, as it does not guarantee safety. The administrator highlighted that anyone can incorporate “Shib” into their name, but this does not ensure legitimacy. He advised the community to be wary of any unknown coins being marketed under the SHIB name, as it often signals a scam.In his comments, @DavinciShib disclosed the existence of a group that launches a new coin every few months, with these coins typically losing 80-90% of their value. Despite the losses, these individuals are already preparing to introduce the next coin. He urged the SHIB community to recognize this pattern and avoid falling victim to such schemes multiple times.Shytoshi Kusama, the enigmatic lead developer of SHIB, also shared his frustrations with the community on November 1. He revealed how scammers use his name and X account to deceive others. Kusama explained that he occasionally follows accounts from the SHIB community to stay informed. Scammers exploit this by offering to buy these accounts for around 1 ETH, a substantial sum in many regions. They then change the account’s name and profile picture to that of an attractive woman to gain followers, subsequently launching a fake token marketed as “community-driven.”Kusama expressed his exasperation with these scams and reminded the community to verify token information through official SHIB channels. He stressed the importance of relying on official sources, especially given the decentralized nature of even these channels. Kusama’s message to the community was clear: remain vigilant and always confirm the authenticity of information through trusted sources.

According to U.Today, the lead developer of SHIB, known as Shytoshi Kusama, has issued a warning to the SHIB community about scammers using his account on the X social media network (formerly Twitter) to promote fraudulent coins. Kusama explained that these scammers exploit his kindness and his practice of following SHIB enthusiasts to stay connected with the community. Once scammers notice that Kusama follows an account, they offer to buy it for approximately 1 ETH, a significant amount in some regions. After acquiring the account, scammers rebrand it and use it to launch scam tokens, often creating fake accounts with attractive avatars to promote these tokens as community-driven projects.Kusama expressed his frustration with this misuse of his name and reminded the SHIB community to rely on official SHIB channels for accurate information. He emphasized the importance of verifying new information through these channels, especially since even official channels can be decentralized. Despite his efforts, Kusama acknowledged that he cannot prevent scammers from buying accounts he follows. However, he continues to monitor the SHIB-affiliated account @susbarium to ensure his name is not directly used by scammers.In his thread, Kusama also mentioned that the SHIB team is preparing to launch a system designed to link Karma and Reputation to Dao governance, aiming to enhance the security and integrity of the community. He urged SHIB enthusiasts to stay vigilant and always verify information through official channels to avoid falling victim to scams.

According to U.Today, the Shiba Inu team has issued a warning to its community regarding a significant SHIB burn that occurred recently. The affiliated X account @susbarium highlighted that approximately $100,000 worth of SHIB, equivalent to 5,612,878,479 SHIB, was burned in the past 24 hours, as reported by Shibburn. This burn represents a 252,910% increase and could be a tactic to attract attention, the tweet suggested.The tweet cautioned the SHIB community to remain vigilant despite the large amount of SHIB destroyed. It mentioned that some projects might burn substantial amounts of SHIB to draw in the SHIB army with presales or low-quality tokens. The warning emphasized that this is not an isolated incident and is likely to happen again.The tweet also provided several tips for SHIB holders and other cryptocurrency investors on how to evaluate crypto projects. The first tip is to assess a project's goals beyond the SHIB burns, including checking the team's background, their published roadmap, and the real utility of their token. The second tip is to review the token allocation and the team's holdings, as a high percentage allocated to the team or insiders could be a red flag.Additionally, the tweet advised understanding the tokenomics and examining the promotion methods used by the team. It is crucial to look into the token supply, its liquidity, and the token's structure. The tweet also noted that influencers and large accounts rarely promote projects for free, implying that paid promotions could be a factor to consider when evaluating a project's legitimacy.

According to BlockBeats, on October 17, the owner of Kabosu, the Shiba Inu that inspired the Doge meme, reported on social media that they are unable to access their Instagram account. The account has been compromised and is currently posting false content and sending misleading direct messages. Users are advised to be cautious of the risks associated with the hacked account.