Carl “The Moon,” a prominent UAE-based crypto investor with 1.4 million followers on X, has recently shared his ambitious outlook for Shiba Inu (SHIB).

Read more on: https://thecryptobasic.com/2024/11/18/top-investor-says-he-is-not-selling-shiba-inu-until-shib-soars-1967629-to-0-50/
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Shiba Inu’s lead, Shytoshi Kusama, proposed a blockchain-backed economic plan for Trump. Can it raise the SHIB price to $0.0001?

Read more on: https://thecryptobasic.com/2024/11/18/can-kusama-economic-proposal-for-trump-push-shiba-inu-price-to-0-0001/
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The Shiba Inu burn rate witnessed a robust 6200% uptick on Monday, sparking investor optimism globally. As the meme token deals with a massive blow to its market supply, investors are exploring the potential impact of the development on its price. Simultaneously, SHIB price soared remarkably intraday, sparking further market optimism on future action amid a burn rate surge.
Shiba Inu Burn Rate Surges 6200% Sparking Bullish Market Sentiments
According to the latest data offered by the tracker Shibburn on November 18, a 6223% uptick was recorded in the Shiba Inu burn rate over the past day. As per the data, 290,321 coins were destroyed intraday. This massive token burn resulted in the abovementioned surge, garnering noteworthy attention to the crypto amid a bull market, especially as investors have shifted their focus towards the top meme coins.
Source: Shiba Inu burn
Simultaneously, the coin’s total supply was evaluated as 589.26 trillion tokens at the time of reporting, with the abovementioned burn surge further weighing in. Also, it’s worth mentioning that the meme token witnessed 135 million SHIB taken out of its supply over the past week. Overall, with the supply witnessing a massive blow, market sentiments on the coin’s price turned bullish, mirroring the law of supply and demand.

Is SHIB Price To $1 Possible?
At press time, SHIB price noted gains worth 4% intraday and is now trading at $0.00002511. The meme coin’s 24-hour low and high were $0.00002403 and $0.00002563, respectively. Notably, the rising movement falls in line with the abovementioned Shiba Inu burn rate surge.
Simultaneously, Coinglass data pointed to a 6% rise in SHIB futures OI to $93 million. This stat underscores heightened investor interest in the asset, paving a bullish path for future movements.

Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source Shiba Inu burn, x.
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Golden Cross Sparks Optimism, Followed by Correction
A recent golden cross formation in Shiba Inu (SHIB) brought a wave of excitement to the market. This technical indicator, where the 50-day moving average crosses above the 200-day moving average, is often seen as a signal of potential price growth. However, after reaching a high of $0.00002622, SHIB experienced a sharp drop of 4.07% to its current value of $0.00002453 within 24 hours.

Volatile Market Sentiment
Increased volatility, as confirmed by the widening of Bollinger Bands, indicates persistent selling pressure. If SHIB fails to stabilize above key support levels, further price declines may occur. The critical support levels are currently at $0.00001902 and $0.00001833.
Network Growth and Blockchain Activity
New Addresses Signal Rising Investor Interest
According to data from Santiment, the Shiba Inu network saw a significant surge in activity. The number of new addresses peaked at 6,612 before stabilizing at 4,612. This increase reflects growing investor interest, which could positively influence price stability.
Blockchain Activity and Price Trends
Enhanced blockchain activity often correlates with price growth. If the network can maintain elevated levels of activity, it may help reinstate a bullish trend. Conversely, a decline in interest could negatively impact price stability.

Critical Support Levels for SHIB
Key Zones to Maintain Price Stability
To stabilize, SHIB must remain above the $0.00002450 level. The psychological barrier is at $0.00002300, while the key 50-day moving average lies at $0.00001902.
Potential Price Movements
Failure to hold these support levels could see SHIB's price drop to $0.00001833 or lower. Conversely, a rebound above $0.00002600 could indicate renewed bullish momentum.
Conclusion: Key Moments for Shiba Inu
The appearance of a golden cross brought optimism, but subsequent price movements reveal the challenges of maintaining upward momentum. Key support levels and increasing network activity will play a crucial role in shaping SHIB's future price trajectory. The crypto community is now closely monitoring how Shiba Inu navigates these challenges and rekindles investor interest.

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As the price of Shiba Inu (SHIB) surges by 12.5%, the SHIB team, led by marketing lead Lucie, has issued a crucial warning to the community about potential scammers infiltrating the crypto space. Here’s what you need to know to stay safe and protect your investments.
Lucie's Warning to the SHIB Community
Lucie, the pseudonymous marketing lead for the Shiba Inu project, took to her X account to alert the SHIB army about the increasing presence of crypto scammers. She emphasized that the crypto world is rife with “scammers in sheep’s clothing” who twist reality and manipulate basic truths to exploit investors.
Lucie explained that these scammers create a sense of urgency and fear of missing out (FOMO) to pressure holders into making impulsive decisions. They promote random scams and pump-and-dump schemes under the guise of being the next big thing. She urged the SHIB community to be vigilant and not fall for fake promises or shady projects.
> “Wealth is built by holding and staying patient, not through FOMO,” Lucie reminded the community, emphasizing the importance of making informed and cautious investment choices.
The SHIB Team's Crypto Adoption Test
In addition to Lucie’s warning, another account linked to the SHIB team, @susbarium, highlighted a test for crypto adoption that helps distinguish between genuine projects and those draining liquidity.
According to the post, projects that add value contribute to real crypto adoption by building liquidity and creating sustainable ecosystems. These projects empower users with solutions that enhance the broader community, ultimately generating long-term growth.
Conversely, projects that drain liquidity are those that capitalize on hype without offering tangible benefits, often disappearing after extracting funds. Such projects weaken their ecosystems, leaving investors at a loss.
> “Always ask: is it adding value or just taking resources?” urged @susbarium, emphasizing the need for careful evaluation of crypto projects.
Conclusion
As the SHIB price experiences a significant surge, it’s crucial for the community to remain vigilant against potential scams. By staying informed and cautious, investors can protect their assets and contribute to the growth of genuine, valuable crypto projects.
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