SHIB’s value is largely driven by #socialmedia hype, celebrity support, and a passionate community. Because its price can soar or drop dramatically with the latest online trends, it’s a pretty speculative choice for anyone looking to invest.

The $SHIB
ecosystem has expanded to feature #ShibaSwap , a decentralized exchange where you can trade and stake your tokens. On top of that, there are great plans for #Shibarium , a layer-2 blockchain that’s all about speeding up transactions and lowering costs.

However, at its heart, Shiba Inu’s true value still lies in its meme identity and the passionate support from its community.
#BinanceBlockchainWeek

Despite recent price correction, Shiba Inu’s golden cross on the chart remains intact, suggesting a potential bullish trend. The correction was influenced by reports of an investigation into Tether by the U.S. government for possible anti-money laundering violations.
Price Drop Following Tether News
Over the weekend, the cryptocurrency market experienced a correction, impacting #Shibalnu ($SHIB ) after news of the Tether investigation broke. Although Tether's CEO Paolo Andoino quickly denied these allegations, SHIB’s price dropped from $0.00001740 to $0.00001646. Since then, the price has stabilized around the $0.0000165 mark.
Shiba Inu’s Golden Cross Remains Valid
Despite recent fluctuations, Shiba Inu’s golden cross remains in effect on the chart. This pattern occurs when a short-term moving average crosses above a long-term moving average, often viewed as a bullish indicator. Currently, SHIB’s price is around $0.00001684, close to the 50-day moving average, which is a part of this pattern.
Will Shiba Inu Continue Its Rally in November?
With the Tether news fading, the question is whether Shiba Inu will continue its October rally into November. Historical data from CryptoRank indicates that November has typically been unfavorable for SHIB – showing a 29.6% loss in November 2021 and a 24.93% drop in 2022. The only positive November was in 2023, with a slight gain of 6.62%. SHIB’s average November loss is around 15.9%, suggesting potential for a double-digit decline next month.
However, increased activity on Shibarium and the persistence of the golden cross may offer some optimism for SHIB.
Significant Growth in Shibarium Activity
Last week, Shibarium activity saw substantial growth. On October 23, the number of active accounts increased by 1,557% to 26,237, leading to a boost in transaction volume to 3.24 million. This number rose to 4.76 million on October 26, and while it later dropped to approximately 700,000, the transaction volume remains higher than at the start of the month.
This rise in transaction activity could strengthen investor confidence in Shiba Inu and increase demand for its ecosystem tokens, including SHIB.

#memecoin🚀🚀🚀 , #GoldenCross , #Shibarium , #MemeCommunity

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Shiba Inu team has revealed the 2.0 version of the decentralized exchange (DEX) known as ShibaSwap. Lucie one of the executives of Shiba Inu has shared some light on what the new DEX will have incorporated in this version. It is a development that can enhance the activity on the Shibarium network.
What to expect from ShibaSwap 2.0 as explained by an executive of Shiba Inu
As part of the things that the company ShibaSwap intends to incorporate in the DEX, Lucie mentioned key technical facts about this platform. Firstly, she emphasized that the V2 was designed with peoples’ needs in mind, as the main goal was to enhance DeFi accessibility.
It goes without saying that the ShibaSwap V2 will enhance what the V1 offered which included features such as the token swaps, liquidity provision, staking and the rewards tracking tool. Lucie then moved on to describe how V2, the next iteration of the DEX, would include significant improvements.
The new developed version of the upgrade will feature a concept of concentrated liquidity where according to her, a variety of ‘conventional’ approaches to building liquidity will be utilized. Lucie outlined that capital becomes active temporarily when the market price moves above the set point.
Liquidity providers whose strategy is not necessarily an active one can still opt for the full range option whereby they will be providing liquidity on the entire price range.
With regards to the first point, as for Shiba Inu’s ShibaSwap V2zkb, the redemption of staking reward has been improved as liquidity providers can now earn their rewards without actually withdrawing liquidity. T, will be included in the new version which will allow multi pair trading for complex transactions.
In the latest version, liquidity pool providers are offered greater chain transparency as they can now view the annual percentage rates (APRs from V1 and V2 pools. Shiba Inu Exec explained that there are three variable fee tiers (0.05%, .30+ and 1.00%) to give users options based on their market forecasts and risk level.
Plans For The ShibaSwap V3
Lucie, a Shiba Inu Exec also made it clear that there are already ShibaSwap V3 Development plans. Some of the planned features for the DEX include limit orders, price alerts and a more complex user interface. Some other concepts such as dollar cost averaging (DCA) and smart swap contracts are on the agenda as well, Lucie noted.
For the time being, the Shiba Inu Exec pointed out that the current area of concentration remains on the V2 version of Shiba Inu DEX.
Lucie stated that ShibaSwap 2.0 embraces a change in the way liquidity is offered and earnings are earned. With this improvement, the platform will further become what Lucie calls a ‘dynamic DeFi tool with above average control for users and superior features’.
These developments on ShibaSwap may serve to further enhance network activity on Shiba Inu’s Shibarium. However, DeFiLlama’s data indicates that the platform continues to rank as the top DEX on the layer-2 network, which suggests that it already plays a significant role in daily transactions on Shibarium.
As at the time this report was drafted, Shiba Inu is trading at approximately $0.000016, which is about 4% lower compared to 24 hours ago according to coinmarketcap data.
#SHIB #Memecoins $SHIB #Shibarium

Good News for $SHIB
bulls?
The second-largest meme coin has performed quite well in the past month, registering a 30% price increase. Despite being slightly in the red today (October 21), some important factors suggest that the rally could continue in the short term.

One of those bullish #signals is the resurgence of Shiba Inu’s layer-2 scaling solution – #Shibarium . Daily transactions on the network have exploded to 324,000 and 242,000 in the past two days. Such high figures were last observed in April this year. The number of active accounts, new accounts, and other Shibarium-related metrics have also skyrocketed lately.

The protocol’s revival hints at increased user engagement and growing adoption and utility within the network. Investors may see this as a sign of confidence, triggering a fresh flow of capital toward the ecosystem.

Next on the list is Shiba Inu’s burning mechanism. Data shows that the burn rate has skyrocketed by almost 400% in the past 24 hours, resulting in 6.3 million tokens destroyed. The program’s goal is to reduce the circulating supply of SHIB, making it scarcer and potentially more valuable (should demand remain constant or head north). 

Currently, there are more than 583 trillion tokens in circulation, with 410.7 trillion already sent to a null address over the years.

The third bullish element is the meme coin sector that has been at the forefront of gains lately. The leader, Dogecoin (DOGE), is up almost 30% weekly, while Bonk Inu ($BONK
) and Floki Inu ($FLOKI
) have also seen significant increases for that period.

It is worth mentioning that today’s rock star is Cat in a Dogs World (MEW), which jumped by double digits and hit a new all-time high of approximately $0.01. This happened shortly after the biggest South Korean crypto exchange, Upbit, allowed trading services with the asset.

It’s Not All Roses and Sunshine
Despite the overall bullish environment, there is one bearish factor that signals a possible pullback for Shiba Inu’s price. This is the SHIB exchange netflow, which according to CryptoQuant, has been predominantly positive in the past several days.

The development suggests that a growing number of investors might have switched from self-custody methods toward centralized platforms, which, in turn, increases the immediate selling pressure.
#TetherUnderInvestigation

#Shibarium , the layer 2 blockchain network, recently surprised the community with a significant rise in transactions over the weekend. According to data from Shibariumscan, the number of transactions on Shibarium increased from 3,690 on October 17 to a peak of 324,590 on October 19.
Unusual Transaction Growth on Shibarium Continues
On-chain data shows that Shiba Inu's scaling solution is maintaining a massive transaction boom. Although the number of transactions has dropped from the peak on October 19, daily transactions now stand at 128,050, reflecting a 3,370% increase within a few days.
It remains unclear what triggered this massive surge in transactions. However, this growth highlights how Shibarium is designed to scale and accommodate increased adoption by the community.
Shibarium Has Seen Large Transaction Volumes Before
About a year ago, daily transactions on Shibarium were in the millions, with some days reaching up to 11 million transactions. This spike was attributed to intense protocol usage. While Shibarium is witnessing positive trends, it is still uncertain what future innovations might drive this continued optimism.
Uncertainty About Future Growth
It is also unclear how long this growth in transactions will last. However, this rise is long overdue for Shiba Inu, as it has been lagging behind its competitors.
Shiba Inu Could Strengthen Its Market Position
This increase in transactions could help Shibarium better compete with other layer 2 networks, such as Base, Optimism, and Arbitrum, which are built on #etherreum . In the long run, this could enhance the significance of the SHIB token.
Shiba Inu is also preparing for new projects, such as the SHI #stablecoin , which is currently in development. At the time of writing, the meme coin was trading at $0.00001819, representing a 4.03% drop in the last 24 hours. The token's market capitalization stands at $10.71 billion, with hopes that market sentiment will improve and help reshape the price outlook.
#shiba⚡ , #memecoin🚀🚀🚀

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Today, SHIB price has dropped by around 3.5% with the meme token trading at $0.00001803 and the whole crypto market losingsuch with -3.5%.
SHIBA INU trade performance has been slightly negative over the last week as the coin has lost 2% of its previous price but there has been a rise in the price of the coin of 22% in the last month and 150% in the last year.
Taking all the coin comments into consideration some wallet statistics shows that the situation for the coin has changed. A dip the price of SHIB brings a decline in the market value of approximately 142 trillion SHIB in the case when the support level drops below $0.0000170.
But for now, the price action today can be considered normal corrections within the overall medium- and long-term increase, and SHIB should recover very soon rather than later.
SHIB Holders Brace as 142 Trillion Tokens Face Key Support Test
ogan 24 hours and bitcoin price trend line indicating potential major support level made bullish price action signals that today should be an important day for SHIB direction in weeks or months to come as its price is now at support line level so it won’t take a lot of movements from current price line for it to turn bullish or bearish.
Will be interesting to see if the support gets tested today, if not then how does the price reacts in regards to the price drop and subsequent action.

Additionally, its 30-period moving average (orange) is likely to drop below the 200-period moving average (blue) which would again signal a bottom.
Therefore, it can be said that SHIB price looks to fall a little lower today but not much lower.
This could turn out to be critically important to those holding around 142 trillion SHIB which data shows have been bought at an average price ranging between 0.000014 and 0.000017.
That is to say if the SHIB price touches $0.000017 and in fact goes down to $0.000014, those who hold $2.5 million worth of SHIB will be under loss.
Which is important because it could add further bearish support on Shiba Inu price although the general market picture would indicate any slide would be brief.

The fact that this is the case – the anticipation is for moderate dips, as the market in its entirety has gained 6% in a fortnight and 21% since the beginning of September amid anticipation of the US presidential elections among the traders.
As the polls between the two candidates become ever closer, the market has begun pricing in the chances of a second term for Trump who many expect would be good for crypto.
Should Trump be victorious, the SHIB price has the potential to get to $0.000025 by the conclusion of November, and $0.000035 by the conclusion of December.
#SHIB #Memecoins #Shibarium $SHIB

The development of #Shibarium , Shiba Inu’s layer-2 blockchain solution, could also significantly boost the coin’s value. This solution aims to enhance scalability and lower transaction costs, making $SHIB
more attractive to investors.

Social media engagement around #SHIB، is also increasing, with increased discussions and mentions across platforms. This heightened attention could lead to further market momentum, pushing the token closer to the $1 mark by October.

With Strategic token burns, #ECOSYSTEM growth, meme coin trends, whale activity, and Shibarium’s progress drive positive expectations for Shiba Inu’s price. With these indicators aligned, the possibility of SHIB price prediction reaching $1 is gaining traction among #investors and analysts alike.
#APESurge

Notably, Lucie emphasized that the upcoming Doggy #DAO Foundation will legally oversee the DAO. The foundation will ensure that the #ECOSYSTEM team executes the community’s decision, expressed through the DAO voting exercises.

Furthermore, the marketing specialist said the foundation will also perform other functions, such as managing assets within the Doggy Treasury, preventing misallocations, and providing security as well as transparency. 

Shiba Inu’s potential shift to decentralized governance portrays the cryptocurrency as a serious project with a long-term vision.

Roles of Shiba Inu Tokens in Governance 
Per Lucie, the Doggy DAO will be split into four key areas, with #SHIB، , LEASH, TREAT, and BONE serving as governance tokens for each sector.

Notably, $SHIB
will govern the community, while BONE will power Shiba Inu’s technology, including #Shibarium . The upcoming TREAT token will fund and empower all community projects. Lastly, LEASH will offer protection and exclusivity to #ShibaInuCommunity members.

Shiba Inu (#SHIB، ) price, is showing signs of significant growth, standing out in a challenging crypto market. With the Bitcoin price nearing new highs, $SHIB
could follow suit. Here are five key reasons why SHIB’s price might reach $1 soon, including increased token burns, ecosystem expansion, #memecoin🚀🚀🚀 resurgence, whale activity, and progress on #Shibarium . These factors combined could set SHIB up for a major price surge by October.

Why Shiba Inu Price Could Hit $1 Soon
As Bitcoin inches closer to $70,000, the crypto market is witnessing a surge, eyeing more surges ahead. Recent developments suggest that Shiba Inu Inu price could experience a significant price increase by October. The coin’s recent progress and various market factors point toward a bullish outlook. Here are five key reasons why Shiba Inu may reach the $1 mark.

Increased Token Burns Fueling Value Growth
One of the main drivers behind SHIB’s potential rise is the increased rate of token burn, According to Shibaburn data. In the last 24 hours, over 2.5 million SHIB tokens were burned. This strategic move aims to limit the token’s supply, which could lead to a boost in its price. #investors are optimistic about the long-term impact of these burn efforts.

The burn rate continues to climb steadily, showing a sustained effort to reduce the token’s circulating supply. By making SHIB scarcer, these burns create conditions that might lead to higher demand and price appreciation.

Ecosystem Expansion Through Shiba Inu Game Launch
Shiba Inu’s ecosystem is expanding with the recent launch of a dedicated game, sparking increased interest among crypto enthusiasts. This new development is part of an ongoing effort to grow SHIB’s utility and enhance its presence in the market.

The game is already generating buzz, contributing to renewed excitement in the Shiba Inu community. Such ecosystem expansions could boost the token’s visibility and utility, further driving its value.
#WhichMemeCoin?

SHIB’s price has surged amid a wider meme coin frenzy. Leading meme coins like $PEPE
, WIF, BONK, and $FLOKI
have recently increased in price. This trend suggests that investor interest in #Memecoins🤑🤑 is returning, which could significantly benefit Shiba Inu.

Despite overall market volatility, the resurgence in meme coin popularity hints at potential gains for SHIB. The Shibburn initiative and the continued development of #Shibarium also indicate that Shiba Inu may continue to ride the wave of meme coin excitement.

Whale Activity Driving $SHIB
Price Movements
Another critical factor influencing SHIB’s price is the activity of major cryptocurrency whales. Large-scale #transactions by these whales have drawn considerable attention in recent weeks. Such moves can significantly impact the price of tokens like Shiba Inu, especially in the meme coin sector.

Whale transactions often signal increased confidence or manipulation in the market, leading to speculative price movements. #investors monitor these activities closely to predict potential price shifts in #SHIB، and similar tokens.

#PawSwap #Shibarium #DEX

In the world of cryptocurrencies, decentralized exchanges (DEXs) are quickly gaining popularity due to their emphasis on transparency, security, and accessibility. Among the newest entrants to this market is PawSwap, a DEX built on the principles of community-driven innovation and decentralization. With its team inspired by the success of Shiba Inu, PawSwap aims to create a DEX that is accessible to everyone.

One of the key features of PawSwap is its emphasis on safety and compliance, which the team takes great pride in. The token, $PAW, has a 0% tax and a total supply of 1 quadrillion, providing investors with peace of mind. Currently available on Gate.io, PawSwap's mission is to empower individuals to take control of their financial future and provide a safe and user-friendly platform for trading cryptocurrencies.

PawSwap's roadmap is exciting, with a planned launch on the Ethereum network in Q1 2023. The token launched on February 5, 2023, starting at an incredibly low price of $0.000000005200, but has since risen to $0.00000009541 in less than a month. The team plans to continue improving the platform based on user feedback, adding new tokens and trading pairs and actively working on new developments such as Pawswap, set to launch in Q4 2023-Q1 2024.

Creating a DEX is no easy task, but the team behind PawSwap has been relentless in their pursuit. They created a decentralized order-book exchange built on Shibarium and implemented the Fusion protocol from 1inch to allow for cross-chain trades and lower trading fees. In addition, the platform supports a wide range of assets and has a token-based governance system that allows $PAW holders to vote on the future development of the platform and share in its success through revenue accrual from staking.

PawSwap's vision is to create a platform that is community-driven, transparent, and accessible to all. With its planned alpha and beta tests in Q2-Q3 2023, the team hopes to introduce a community-driven governance model that allows users to assist in the development of the platform. Ultimately, PawSwap is all about serving the people and putting the community first.

The journey of creating PawSwap is definitely worth it, as the team creates a new DEX that serves the people.

Key Points:
Shibarium, a Layer 2 blockchain built on Shiba Inu (SHIB), is releasing its beta version this week.The platform aims to provide faster, cheaper, and more efficient transactions than Ethereum, allowing users to stake SHIB tokens and earn rewards.The release of Shibarium could increase interest in cryptocurrency and its ecosystem. With its potential to be a game-changer in the world of Layer 2 solutions, it’s a significant development for the crypto industry.
Shibarium, a Layer 2 blockchain built on the popular meme-inspired cryptocurrency Shiba Inu (SHIB), is set to release its beta version this week.
The platform, which aims to provide faster, cheaper, and more efficient transactions compared to the Ethereum network, will allow users to stake their SHIB tokens and earn rewards. Additionally, Shibarium will feature a decentralized exchange (DEX) that supports SHIB and other ERC-20 tokens.

Attention #SHIBARMYWe're thrilled to announce that #SHIBARIUM Public Beta will be launching THIS WEEK!Make sure you’re following our official socials over the next few days as we reveal all the details on how to access the beta website. Hail Shib! #ShibariumBeta — Shib (@Shibtoken) March 7, 2023
The release of the beta version is a significant milestone for Shibarium, which has been in development for several months. The team behind the project believes their platform can provide a better user experience than existing Layer 2 solutions.
According to the report, the beta version will initially be available for a limited number of users, with a wider release planned in the coming weeks. The team has also stated that they will be conducting a bug bounty program to ensure the security and stability of the platform.
Shiba Inu has been one of the most talked-about cryptocurrencies in recent months, with its market capitalization surpassing that of established companies such as Robinhood and Ford. The release of Shibarium could further increase interest in cryptocurrency and its ecosystem.
In conclusion, the release of Shibarium’s beta version is a significant development for the Shiba Inu community and the wider crypto industry. With faster and cheaper transactions, staking rewards, and a DEX supporting SHIB and other ERC-20 tokens, Shibarium has the potential to be a game-changer in the world of Layer 2 solutions.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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A large-scale FUD campaign targeted the Shiba Inu ecosystem following speculations that the Shibarium code was an exact clone of Rinia.

Shiba Inu’s Shibarium developers have officially changed the Chain ID of the Shibarium testnet to address circulating FUD that had erupted on the heels of speculations that the Shibarium testnet code was a copycat of the Rinia network.

Pseudonymous Unification validator Ringoshi Toitsu called public attention to the development through his Twitter handle today, sharing a snapshot of the reviewed Chain ID.

 

Per data from the image, the Chain ID of the Shibarium testnet has been changed from 917 to 719. The disclosure comes as a relief to the Shiba Inu community members, as the widespread FUD that erupted on the back of the clone allegations had triggered a rift in the camp.

Recall that claims of the Shibarium testnet being an exact clone of the Rinia network circulated within the Shiba Inu camp last week. Shibarium developers were accused of just copying the entire codebase of the Rinia testnet and using it for Shibarium’s Puppynet.

Nonetheless, Shiba Inu developer Kaal Dhairya came up to dispel these claims, noting that the only thing similar between both networks is the Chain ID, as both used 917. However, Dhairya noted that at the time the Chain ID was picked last year, it had not been taken.

He admitted that he made a mistake to not recheck immediately before launching Puppynet. As a result, he had no idea that it had been used for the Rinia testnet. Dhairya promised to deploy a new version of Puppynet with a new Chain ID so as to avoid any propaganda or fistfights.

Dhairya’s claims were later corroborated by Firechain testnet developer Krypstein in an exclusive interview carried out by The Crypto Basic on March 16. Krypstein confirmed that the only similar feature between both testnets is the Chain ID, and the Shibarium team did not in fact copy Rinia’s code.

Following the recent Chain ID change, Puppynet is operational as of press time, per data from Puppyscan. The network has now processed a total of 80,644 blocks, boasting an average block time of 5 seconds. Total transactions currently sit at 21, with a daily transaction count of 10.