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🚀 Could SHIB Really Reach $0.01? Unraveling the Dream & Reality of Shiba Inu’s Price Ambitions!
Since bursting onto the scene in 2020, Shiba Inu (SHIB) has gained a legion of fans. Branded as the “Dogecoin Killer,” it captured imaginations and even dreams of hitting $0.01. But can SHIB’s price ever climb to that milestone? Let’s dive into what could propel or limit its path.
📊 The Market Cap Puzzle & Massive Supply Issue
SHIB’s journey to $0.01 faces a significant obstacle: its enormous supply. With around 589 trillion tokens in circulation, reaching $0.01 would demand a market cap close to $5.89 trillion—more than the combined value of some of the world’s largest companies! This mind-boggling figure points to why a supply reduction is key for SHIB if it hopes to reach that price.
🔥 Token Burn Strategy: A Solution to Shrink Supply?
To tackle its oversized supply, SHIB has implemented a token burn mechanism. With each transaction on Shibarium, a portion of the transaction fees goes toward burning SHIB, gradually cutting down the supply. While over 410 trillion tokens have been burned, the current burn rate might need to speed up significantly to achieve the dream of $0.01. This approach calls for consistent commitment from the SHIB community and developers alike.
🌐 Expanding SHIB’s Utility & Ecosystem
Beyond the burn, SHIB’s team is driving value by building a full-fledged ecosystem, including ShibaSwap and Shibarium. These platforms add real-world uses, creating value for SHIB holders. Even more ambitious, SHIB is entering the metaverse, where users can buy virtual land, adding a new layer to SHIB’s appeal. As SHIB’s utility grows, so might its demand—a potential catalyst for price appreciation.
🔮 Realistic or Over-Ambitious? A Practical View of SHIB’s Future
While the $0.01 dream is a powerful motivator, experts are cautious, suggesting it might be a long shot, at least in the near term. Achieving this level would require an accelerated burn rate, deeper utility, and favorable market conditions. Current projections don’t expect SHIB to reach $0.01 by 2025, though steady growth could still be on the horizon.
💡 Is SHIB Worth the Wait?
For high-risk enthusiasts, SHIB might be a captivating long-term opportunity. While hitting $0.01 remains a challenging target, SHIB’s evolving ecosystem and community-driven growth offer the potential for gains along the journey. For true believers, the next phase of SHIB’s development could prove rewarding, if not to the dream level, then perhaps to exciting new heights.
#SHIBCommunity #ShibaSwap #SHIBArmy #MetaverseIntegration #LongTermAnalysis
📊 The Market Cap Puzzle & Massive Supply Issue
SHIB’s journey to $0.01 faces a significant obstacle: its enormous supply. With around 589 trillion tokens in circulation, reaching $0.01 would demand a market cap close to $5.89 trillion—more than the combined value of some of the world’s largest companies! This mind-boggling figure points to why a supply reduction is key for SHIB if it hopes to reach that price.
🔥 Token Burn Strategy: A Solution to Shrink Supply?
To tackle its oversized supply, SHIB has implemented a token burn mechanism. With each transaction on Shibarium, a portion of the transaction fees goes toward burning SHIB, gradually cutting down the supply. While over 410 trillion tokens have been burned, the current burn rate might need to speed up significantly to achieve the dream of $0.01. This approach calls for consistent commitment from the SHIB community and developers alike.
🌐 Expanding SHIB’s Utility & Ecosystem
Beyond the burn, SHIB’s team is driving value by building a full-fledged ecosystem, including ShibaSwap and Shibarium. These platforms add real-world uses, creating value for SHIB holders. Even more ambitious, SHIB is entering the metaverse, where users can buy virtual land, adding a new layer to SHIB’s appeal. As SHIB’s utility grows, so might its demand—a potential catalyst for price appreciation.
🔮 Realistic or Over-Ambitious? A Practical View of SHIB’s Future
While the $0.01 dream is a powerful motivator, experts are cautious, suggesting it might be a long shot, at least in the near term. Achieving this level would require an accelerated burn rate, deeper utility, and favorable market conditions. Current projections don’t expect SHIB to reach $0.01 by 2025, though steady growth could still be on the horizon.
💡 Is SHIB Worth the Wait?
For high-risk enthusiasts, SHIB might be a captivating long-term opportunity. While hitting $0.01 remains a challenging target, SHIB’s evolving ecosystem and community-driven growth offer the potential for gains along the journey. For true believers, the next phase of SHIB’s development could prove rewarding, if not to the dream level, then perhaps to exciting new heights.
#SHIBCommunity #ShibaSwap #SHIBArmy #MetaverseIntegration #LongTermAnalysis
SHIB 🦁 will fulfill your DREAMS 🚀
Entry Points:
* Immediate Entry: Consider entering now or before the minor resistance at 0.0311, anticipating a breakout.
* Conservative Entry: Wait for the price to hit the strong support at 0.024. If it holds and shows signs of reversal, enter.
Stop Loss:
* Set an aggressive stop loss at 0.0217, below the strong support.
Take Profit Levels:
* First Target: Minor resistance at 0.0311.
* Second Target: Major resistance at 0.045.
Risk Management:
* Position sizing: Risk only what you can afford to lose.
* Diversification: Spread investments across different assets.
Monitoring:
* Volume Analysis: High volume confirms breakouts or breakdowns.
* Indicators: Use RSI or MACD to gauge momentum.
Contingency Plans:
* If Retest Happens: Watch for a strong bounce at the 0.024 support.
* If Support Breaks: Reassess strategy or exit.
Long-Term Perspective:
* Consider dollar-cost averaging for long-term investments.
$SHIB
#Shibarmy #ShibaInuSurge #SHIBCommunity
* Immediate Entry: Consider entering now or before the minor resistance at 0.0311, anticipating a breakout.
* Conservative Entry: Wait for the price to hit the strong support at 0.024. If it holds and shows signs of reversal, enter.
Stop Loss:
* Set an aggressive stop loss at 0.0217, below the strong support.
Take Profit Levels:
* First Target: Minor resistance at 0.0311.
* Second Target: Major resistance at 0.045.
Risk Management:
* Position sizing: Risk only what you can afford to lose.
* Diversification: Spread investments across different assets.
Monitoring:
* Volume Analysis: High volume confirms breakouts or breakdowns.
* Indicators: Use RSI or MACD to gauge momentum.
Contingency Plans:
* If Retest Happens: Watch for a strong bounce at the 0.024 support.
* If Support Breaks: Reassess strategy or exit.
Long-Term Perspective:
* Consider dollar-cost averaging for long-term investments.
$SHIB
#Shibarmy #ShibaInuSurge #SHIBCommunity
Orlando Shatrau nW0d:
great signal 😅😅😅
$SHIB #SHIBCommunity
~10% done from this GEM 💎
Expecting more in short term of course ♥️
$DOGS mooning 🚀🚀
#btc #Bitcoin
~10% done from this GEM 💎
Expecting more in short term of course ♥️
$DOGS mooning 🚀🚀
#btc #Bitcoin
$SHIB @ShibainuCoin
$DOGE @dogecoin rally done
Time for #ShibaInu to break the trendline and fly
Range: 178-189
Sl: not needed for HODLERS
$STG $Troy $movr $lcr $cati $cream
#btc #Bitcoin
$DOGE @dogecoin rally done
Time for #ShibaInu to break the trendline and fly
Range: 178-189
Sl: not needed for HODLERS
$STG $Troy $movr $lcr $cati $cream
#btc #Bitcoin
🐶 Shiba Inu Community Warned About Scammers Using SHIB Name
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 #SHIBCommunity 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.
name, echoing a recent post by Shytoshi Kusama about similar fraudulent activities.
DavinciShib cautioned the #SHIBCommunity 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.
🔐🚀 Exciting News Alert: Shiba Inu Unleashes Revolutionary Identity System! 🚀🔐
In a game-changing revelation, the developers of Shiba Inu have just dropped a bombshell that's set to rock the entire SHIB community to its core!
🌐 The Shiba Inu team is on the cusp of launching a non-custodial identity system on the Shiba Blockchain network, and they've deemed it a historic moment for the ecosystem.
This announcement is the second thunderclap of excitement within the community, right after the remarkable Shibarium platform, Shiba Inu's powerful layer-2 solution. 🌩️🔗
Earlier this year, the Shiba team pledged to integrate a groundbreaking Blockchain-based digital identity system, known as Self Sovereign Identity (SSI), into every project in the Shiba Inu ecosystem.
And now, the wait is almost over! The Shiba unattended identification system is about to come to life, and the countdown has begun. 🚀🕒
But wait, there's a twist! While we know the system's about to launch, the nitty-gritty details are still shrouded in mystery. Don't worry, though; the big reveal is just around the corner. 🌟
Mark your calendars for Wednesday, November 1, when a comprehensive explanation of how you can harness the incredible SHIB identity system will be unleashed upon the world. 📅🚀
Kaal Dhairya, one of Shiba Inu's brilliant developers, hails this identity system as a revolution poised to send shockwaves throughout the entire crypto industry! 🤖💼🌎 #ShibaInu #SSI #BlockchainIdentity #CryptoInnovation #SHIBCommunity 🌐🔐🌩️🚀🕒📅🌟🤖💼
$SHIB
In a game-changing revelation, the developers of Shiba Inu have just dropped a bombshell that's set to rock the entire SHIB community to its core!
🌐 The Shiba Inu team is on the cusp of launching a non-custodial identity system on the Shiba Blockchain network, and they've deemed it a historic moment for the ecosystem.
This announcement is the second thunderclap of excitement within the community, right after the remarkable Shibarium platform, Shiba Inu's powerful layer-2 solution. 🌩️🔗
Earlier this year, the Shiba team pledged to integrate a groundbreaking Blockchain-based digital identity system, known as Self Sovereign Identity (SSI), into every project in the Shiba Inu ecosystem.
And now, the wait is almost over! The Shiba unattended identification system is about to come to life, and the countdown has begun. 🚀🕒
But wait, there's a twist! While we know the system's about to launch, the nitty-gritty details are still shrouded in mystery. Don't worry, though; the big reveal is just around the corner. 🌟
Mark your calendars for Wednesday, November 1, when a comprehensive explanation of how you can harness the incredible SHIB identity system will be unleashed upon the world. 📅🚀
Kaal Dhairya, one of Shiba Inu's brilliant developers, hails this identity system as a revolution poised to send shockwaves throughout the entire crypto industry! 🤖💼🌎 #ShibaInu #SSI #BlockchainIdentity #CryptoInnovation #SHIBCommunity 🌐🔐🌩️🚀🕒📅🌟🤖💼
$SHIB
Shiba Ino introduced the Shiba Name Service (SNS) in Shibarium
The developers of Shiba Inu deployed the Shiba Name Service (SNS) in the second layer of Shibarium .According to Valx and quoted by dailycoin, on the last day of October 2023, when the developers unveiled the first part of the SHIBDentity system, a new era began in the second layer network of Shiba Ino, Shibarium. The Shiba Name Service (SNS) is designed to help users leave complex addresses on the blockchain.Shibarium's second layer scaling solution brings a transformative innovation with easily readable addresses on the blockchain. But these addresses also play a role in finalizing a larger plan to create a complete, decentralized digital identity through verifiable credentials.SNS is made available to users through name.shib.io. For example, getting an address named Wallex.SHIB currently costs 20 Shibaswap Bones (BONE). Shibarium's official gas token is used to buy these addresses. At the same time, users can use different Web3 wallets, including Coinbase, Metamsk, TrustVault, and Rainbow, to get their domain.Kusama reveals the main features of SHIBDentityThe general characteristics of SHIBDentity The Shiba Ino ecosystem revolves around several key axes:Self-trusted authentication via Web 3 : This removes the need for user identification via traditional or Web 2 methods, meaning they regain control of their data.Decentralized and Verifiable Credentials : In SHIBDentity, credentials are stored directly as such, not in a company-owned database.W3C Standard Compliance : Creating a Web Consortium for Global Standards for Autonomous Identities. This enables cooperation between autonomous identities in different applications.SHIBDentity Karma System : The built-in trust system allows network members to organically build trust on the blockchain without relying on personal connections.It's on the coin!Shiba Token developers' ambitions for its Super App could challenge Elon Musk's Platform X , as the concept is exactly that of an all-in-one digital identity-based app.However, Shiba Inu plans to combine decentralized autonomous organizations (DAOs) and encrypted messaging in order to eliminate intermediaries#SHIBCommunity #etf #BTC $SHIB $XRP $DOGE
"Poloniex Faces Massive 577 Billion Shiba Inu Token Theft in Unprecedented Cyber Hit"
Attackers behind the Poloniex heist stole a whopping 577 billion Shiba Inu tokens and other crypto assets from the exchange.
Read more on: https://thecryptobasic.com/2023/11/11/577-billion-shiba-inu-tokens-stolen-from-poloniex-exchange/
#SHIBs #Shiba.Inu #SHIBCommunity #Crypto #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/11/577-billion-shiba-inu-tokens-stolen-from-poloniex-exchange/
#SHIBs #Shiba.Inu #SHIBCommunity #Crypto #CryptoNews🔒📰🚫
🚨 𝗖𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗪𝗮𝗿𝗻𝗶𝗻𝗴 𝗳𝗼𝗿 𝗦𝗵𝗶𝗯𝗮 𝗜𝗻𝘂 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 🚨
🔒 The Shiba Inu community faces a serious threat as the project team issues a critical warning regarding a hack on one of its official Telegram administrator accounts.
🌐 Shiba Inu marketing lead Lucie sounded the alarm, revealing the compromise of the Telégram admin account belonging to Ragnar. The breached account was exploited to promote a fraudulent "limited" airdrop of Bone tokens from the Shiba Inu team treasury wallet.
⚠️ Caution Advised:
The project leaders urgently urged the community to steer clear of any communications from the compromised admin account, emphasizing the potential risk of cryptocurrency asset theft.
🚨 Community Alert:
Prominent Shiba Inu members, including the influential Vetkusama, are actively warning users on social media platforms, specifically X. Holders are cautioned against clicking any links from the hacked Ragnar account, heightening the urgency for Shiba Inu to establish a dedicated cybersecurity team to fortify its official channels.
💎 Understanding Bone Tokens:
Bone serves as the governance and gas token for ShibaSwap and the Layer 2 blockchain, Shibarium. The scammers strategically targeted this token for the airdrop scam, capitalizing on its familiarity among the community.
🚫 Beware of Scams:
Fake token giveaways and phishing attempts remain persistent threats in the cryptocurrency space. Users are reminded to exercise extreme caution, especially when confronted with offers that seem too good to be true.
🔐 Responsible Communication:
Despite the breach, the Shiba Inu team's swift public disclosure demonstrated responsible communication, aiming to contain risks to the community. This incident underscores the imperative need for heightened vigilance in protecting official channels.
$SHIB #ShibaInuUpdate #SHIBCommunity
🔒 The Shiba Inu community faces a serious threat as the project team issues a critical warning regarding a hack on one of its official Telegram administrator accounts.
🌐 Shiba Inu marketing lead Lucie sounded the alarm, revealing the compromise of the Telégram admin account belonging to Ragnar. The breached account was exploited to promote a fraudulent "limited" airdrop of Bone tokens from the Shiba Inu team treasury wallet.
⚠️ Caution Advised:
The project leaders urgently urged the community to steer clear of any communications from the compromised admin account, emphasizing the potential risk of cryptocurrency asset theft.
🚨 Community Alert:
Prominent Shiba Inu members, including the influential Vetkusama, are actively warning users on social media platforms, specifically X. Holders are cautioned against clicking any links from the hacked Ragnar account, heightening the urgency for Shiba Inu to establish a dedicated cybersecurity team to fortify its official channels.
💎 Understanding Bone Tokens:
Bone serves as the governance and gas token for ShibaSwap and the Layer 2 blockchain, Shibarium. The scammers strategically targeted this token for the airdrop scam, capitalizing on its familiarity among the community.
🚫 Beware of Scams:
Fake token giveaways and phishing attempts remain persistent threats in the cryptocurrency space. Users are reminded to exercise extreme caution, especially when confronted with offers that seem too good to be true.
🔐 Responsible Communication:
Despite the breach, the Shiba Inu team's swift public disclosure demonstrated responsible communication, aiming to contain risks to the community. This incident underscores the imperative need for heightened vigilance in protecting official channels.
$SHIB #ShibaInuUpdate #SHIBCommunity
Shiba Inu Rockets to $0.00000926, Experts Eye a Remarkable 2-Cent Future
The Shiba Inu (SHIB) dream to claim a $0.02 (2 cents) price might not be mere wishful thinking, according to Telegaon, which predicts SHIB to hit this target between 2030 and 2040.
Read more on: https://thecryptobasic.com/2023/11/11/shiba-inu-projected-to-hit-2-cents-as-it-spikes-to-0-00000926-heres-the-possible-timeline/
#Shiba.Inu #ShibaInuPriceForecast #SHIBCommunity #CryptoYieldsSkyrocket #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/11/shiba-inu-projected-to-hit-2-cents-as-it-spikes-to-0-00000926-heres-the-possible-timeline/
#Shiba.Inu #ShibaInuPriceForecast #SHIBCommunity #CryptoYieldsSkyrocket #CryptoNews🔒📰🚫
Shib Investor’s Journey: 90,000% Gain in 2”23
Prominent Trader Hails Shiba Inu as ‘Best Play of His Life’ with 90,000% Profits
A prominent figure in the crypto community is shining a spotlight on his remarkable success with Shiba Inu, revealing an extraordinary 90,000% gain on his investment.
In a recent tweet, Blackbeard revisited a 2021 post in which he shared details of a Shiba Inu trade he had undertaken. In this tweet, he disclosed that his foray into Shiba Inu, while considered a risky move, resulted in an astonishing 64,000% profit from his initial entry point.
Furthermore, Blackbeard mentioned in his Thursday tweet that his Shiba Inu portfolio had seen even more substantial growth at one point, surging to an impressive 90,000%. With pride, he declared that his early involvement with Shiba Inu represents the most lucrative venture he has ever undertaken in the world of sensational cryptocurrencies.
Other Fortunate Shiba Inu Investors
Blackbeard is just one of the esteemed investors who have been handsomely rewarded by Shiba Inu. Fxcryptonews recently revealed the story of an investor who raked in an astonishing $5.7 billion from their Shiba Inu holdings.
In his own words: “I don’t care if you hate memes, but this was the best play of my life. SHIB.”
The best thing is, it was not even the top. At some point, I was up almost 90000%.
Old tweet
Like & fallow
Crypto kite 🪁
Support ❤️tips
Conversely, there is the unfortunate case of an individual who forfeited a potential multi-million dollar fortune by divesting their Shiba Inu holdings much earlier in the game.
#SHIBCommunity
#etf #PYUSD #xrp #sbf
$BNB $SHIB $BTC
Prominent Trader Hails Shiba Inu as ‘Best Play of His Life’ with 90,000% Profits
A prominent figure in the crypto community is shining a spotlight on his remarkable success with Shiba Inu, revealing an extraordinary 90,000% gain on his investment.
In a recent tweet, Blackbeard revisited a 2021 post in which he shared details of a Shiba Inu trade he had undertaken. In this tweet, he disclosed that his foray into Shiba Inu, while considered a risky move, resulted in an astonishing 64,000% profit from his initial entry point.
Furthermore, Blackbeard mentioned in his Thursday tweet that his Shiba Inu portfolio had seen even more substantial growth at one point, surging to an impressive 90,000%. With pride, he declared that his early involvement with Shiba Inu represents the most lucrative venture he has ever undertaken in the world of sensational cryptocurrencies.
Other Fortunate Shiba Inu Investors
Blackbeard is just one of the esteemed investors who have been handsomely rewarded by Shiba Inu. Fxcryptonews recently revealed the story of an investor who raked in an astonishing $5.7 billion from their Shiba Inu holdings.
In his own words: “I don’t care if you hate memes, but this was the best play of my life. SHIB.”
The best thing is, it was not even the top. At some point, I was up almost 90000%.
Old tweet
Like & fallow
Crypto kite 🪁
Support ❤️tips
Conversely, there is the unfortunate case of an individual who forfeited a potential multi-million dollar fortune by divesting their Shiba Inu holdings much earlier in the game.
#SHIBCommunity
#etf #PYUSD #xrp #sbf
$BNB $SHIB $BTC
We asked if ChatGPT if Shiba Inu and Tradecurve can reach $1 ?
ChatGPT’s predictions for Shiba Inu
ChatGPT and Merlin talk about Tradecurve
Looking ahead, in 1 year from now, Shiba Inu might hypothetically trade between $0.0001 and $0.001, assuming continued growth and adoption of the Shibarium blockchain, as well as potential market trends.
Considering the sustained development and adoption of the Shibarium blockchain, in 2 years from now, SHIB could potentially fluctuate between $0.001 and $0.01, depending on various factors such as market conditions, user adoption, and overall cryptocurrency trends.
5 years from now: Given the ongoing developments and potential integration of the Shibarium blockchain, Shiba Inu could hypothetically trade between $0.1 and $1. However, it's crucial to consider the evolving market landscape and the inherent uncertainties of the cryptomarket.”
So there you have it, ChatGPT thinks that it is technically possible that in 5 years from now SHIB could go to $1. Or to $0.1. I’m not sure it has actually worked out the math for this, (because if you do, the chances are slim to none) but hey, it did tell me that it wasn’t financial advice!
Since ChatGPT hasn’t been connected to the internet since late 2021, we used a ChatGPT Chrome extension called Merlin (which supposedly has web access,) to ask if Tradecurve could reach $1.
Here’s what it said at first:
“AI language model, I cannot access real-time information or browse websites. However, from the mentioned search results, it seems that Tradecurve (TCRV) has caught the attention of market analysts and investors, with some predicting potential price increases. TCRV aims to revolutionize the trading world by introducing a comprehensive hybrid exchange built on the Ethereum blockchain.
While there is optimism surrounding the project, it's important to remember that the cryptocurrency market is highly speculative, volatile, and influenced by many factors.”
#BullRun #Ledger #BTC #MagicEden #SHIBCommunity
$BTC $BNB $SHIB
Like & fallow
Crypto_kite
Support 😍tips
ChatGPT’s predictions for Shiba Inu
ChatGPT and Merlin talk about Tradecurve
Looking ahead, in 1 year from now, Shiba Inu might hypothetically trade between $0.0001 and $0.001, assuming continued growth and adoption of the Shibarium blockchain, as well as potential market trends.
Considering the sustained development and adoption of the Shibarium blockchain, in 2 years from now, SHIB could potentially fluctuate between $0.001 and $0.01, depending on various factors such as market conditions, user adoption, and overall cryptocurrency trends.
5 years from now: Given the ongoing developments and potential integration of the Shibarium blockchain, Shiba Inu could hypothetically trade between $0.1 and $1. However, it's crucial to consider the evolving market landscape and the inherent uncertainties of the cryptomarket.”
So there you have it, ChatGPT thinks that it is technically possible that in 5 years from now SHIB could go to $1. Or to $0.1. I’m not sure it has actually worked out the math for this, (because if you do, the chances are slim to none) but hey, it did tell me that it wasn’t financial advice!
Since ChatGPT hasn’t been connected to the internet since late 2021, we used a ChatGPT Chrome extension called Merlin (which supposedly has web access,) to ask if Tradecurve could reach $1.
Here’s what it said at first:
“AI language model, I cannot access real-time information or browse websites. However, from the mentioned search results, it seems that Tradecurve (TCRV) has caught the attention of market analysts and investors, with some predicting potential price increases. TCRV aims to revolutionize the trading world by introducing a comprehensive hybrid exchange built on the Ethereum blockchain.
While there is optimism surrounding the project, it's important to remember that the cryptocurrency market is highly speculative, volatile, and influenced by many factors.”
#BullRun #Ledger #BTC #MagicEden #SHIBCommunity
$BTC $BNB $SHIB
Like & fallow
Crypto_kite
Support 😍tips
Shiba Inu's Burn Rate Soars by 940% in 24 Hours: Will SHIB Reach $0.10 Soon?
Shiba Inu is a meme-driven cryptocurrency that has seen a lot of attention due to its burn rate and price fluctuations. Here are some key points from the search results:
Burn rate: Shiba Inu's burn rate has been increasing rapidly, with some reports indicating a 940% surge in a 24-hour window. According to Shibburn, Shiba Inu has experienced a 535% increase in daily burning rate, with 8.1 million $SHIB tokens being burned daily. In another instance, 121,210,538 SHIB tokens were burnt overnight, accounting for a massive 567% jump from previous levels. However, there have also been instances where the burn rate has decreased dramatically, such as a 52.72% decrease in the past 24 hours.Price analysis: Despite the aggressive burning of #SHIB tokens, the cryptocurrency hasn't seen the expected price uptick. However, some market watchers are of the opinion that as SHIB's adoption broadens, its price may follow suit. Shiba Inu's price has been relatively flat in the past two weeks, while it is down 10% on a one-month basis. With the gradual reduction in supply due to the burn rate, the tendency for impressive price jumps is high, signaling a positive connotation for the burn rate metric in the evolution of the meme coin.
Shiba Inu's burn rate has been fluctuating dramatically, with some instances of significant increases and decreases. While the burn rate has the potential to impact the price of SHIB tokens, it is important to consider other factors such as overall market performance and adoption. As with any investment, it is important to approach any investment in Shiba Inu with caution and to consider all relevant factors.
#SHIBCommunity
Burn rate: Shiba Inu's burn rate has been increasing rapidly, with some reports indicating a 940% surge in a 24-hour window. According to Shibburn, Shiba Inu has experienced a 535% increase in daily burning rate, with 8.1 million $SHIB tokens being burned daily. In another instance, 121,210,538 SHIB tokens were burnt overnight, accounting for a massive 567% jump from previous levels. However, there have also been instances where the burn rate has decreased dramatically, such as a 52.72% decrease in the past 24 hours.Price analysis: Despite the aggressive burning of #SHIB tokens, the cryptocurrency hasn't seen the expected price uptick. However, some market watchers are of the opinion that as SHIB's adoption broadens, its price may follow suit. Shiba Inu's price has been relatively flat in the past two weeks, while it is down 10% on a one-month basis. With the gradual reduction in supply due to the burn rate, the tendency for impressive price jumps is high, signaling a positive connotation for the burn rate metric in the evolution of the meme coin.
Shiba Inu's burn rate has been fluctuating dramatically, with some instances of significant increases and decreases. While the burn rate has the potential to impact the price of SHIB tokens, it is important to consider other factors such as overall market performance and adoption. As with any investment, it is important to approach any investment in Shiba Inu with caution and to consider all relevant factors.
#SHIBCommunity
Shiba Inu Price on Black Friday 2023
Shiba Inu (SHIB) has become one of the most prominent meme-inspired cryptocurrencies since its launch in August 2020. The developers behind the decentralized token have worked to build an ecosystem of projects for the SHIB community.However, the recent launch of the layer-2 solution Shibarium failed to significantly boost prices amid the ongoing crypto bear market. With Thanksgiving approaching, here is our Shiba Inu price prediction for Black Friday 2023.What is Shiba Inu? A Brief HistoryShiba Inu is a decentralized cryptocurrency that spawned from a meme-inspired online community. The token’s mascot is a Shiba Inu dog, which led to the name.In mid-2020, an anonymous individual or group known as Ryoshi started working on Shiba Inu as an experimental decentralized community project. Ryoshi intended to take the meme coin concept behind Dogecoin and build an ecosystem around it.After launching in August 2020, Shiba Inu gained little initial traction until May 2021. That month, Ethereum co-founder Vitalik Buterin donated and burned trillions of SHIB, sparking a frenzy of interest. The supply removal helped propel SHIB’s price from $0.0000007 to $0.000037 within days.By October 2021, SHIB peaked at $0.000088, delivering over +10133726% gains from its debut. However, the token has declined significantly since being caught up in the 2022 crypto bear market.The developers behind Shiba Inu have worked to expand utility and use cases beyond being a speculative asset. Efforts include the Shibarium layer-2 network, metaverse land in the Shibaverse, and plans for merchant payments with SHIB. However, prices remain depressed near all-time lows.Shiba Inu Price Prediction for Black Friday 2023According to analysts, SHIB’s price outlook for Black Friday 2023 appears muted, with limited upside expected in the near term.Changelly analysts estimate SHIB will trade between a minimum of $0.00000710 and a maximum of $0.00000891 in November. The average predicted trading price for November 24, Black Friday is $0.000008653.This would only represent a minor recovery from the current price of $0.000008199. Since its peak in late 2021, SHIB has plunged over 90% in value amid the crypto bear market and is struggling to regain momentum.With crypto prices still highly volatile, SHIB could see spikes in either direction depending on market sentiment and developments within the broader Shiba Inu ecosystem. However, major gains above $0.00001 seem unlikely, barring unforeseen bullish catalysts.For the meme coin to mount a sustainable turnaround, investors will need to see real adoption and utility materialize through platforms like the Shibarium layer-2 network. So far, the cryptocurrency has mainly been used for speculative trading.While Shiba Inu boasts a loyal community of supporters who remain engaged online, many analysts don’t anticipate a return to all-time highs anytime soon. Unless the crypto market strongly reverses its bearish trend, SHIB appears set to trade largely sideways through late 2022 and into 2023.#SHIBCommunity #ShibaInuMystery
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START WITH 10$ ?
How ?
here's a more detailed plan to start with $10 in trading:
1. Educate yourself: Learn about different trading strategies, market analysis, and risk management techniques. This will help you make informed decisions.
2. Choose a trading platform: Look for a reputable and user-friendly trading platform that allows you to trade with small amounts. Ensure it offers commission-free or low-cost trading options.
3. Research and analyze: Before investing, thoroughly research the stocks or assets you're interested in. Analyze their performance, financials, and market trends to make informed decisions.
4. Diversify your investments: Instead of putting all your money into one stock, consider diversifying your investments across different sectors or asset classes. This can help reduce risk.
5. Start small: With $10, focus on buying fractional shares or low-cost stocks. This allows you to have exposure to different companies even with a limited budget.
6. Practice risk management: Set realistic profit targets and stop-loss levels to manage your risk. Don't invest more than you can afford to lose.
7. Monitor and learn: Keep track of your trades and analyze your performance. Learn from both your successful and unsuccessful trades to improve your trading skills.
Remember, trading involves risks, and it's important to start with a realistic mindset and expectations. Good luck on your trading journey! 🚀💰
#BTC🔥🔥 #SHIBCommunity #coinbase #XRPFuture #ETFTrends
START WITH 10$ ?
How ?
here's a more detailed plan to start with $10 in trading:
1. Educate yourself: Learn about different trading strategies, market analysis, and risk management techniques. This will help you make informed decisions.
2. Choose a trading platform: Look for a reputable and user-friendly trading platform that allows you to trade with small amounts. Ensure it offers commission-free or low-cost trading options.
3. Research and analyze: Before investing, thoroughly research the stocks or assets you're interested in. Analyze their performance, financials, and market trends to make informed decisions.
4. Diversify your investments: Instead of putting all your money into one stock, consider diversifying your investments across different sectors or asset classes. This can help reduce risk.
5. Start small: With $10, focus on buying fractional shares or low-cost stocks. This allows you to have exposure to different companies even with a limited budget.
6. Practice risk management: Set realistic profit targets and stop-loss levels to manage your risk. Don't invest more than you can afford to lose.
7. Monitor and learn: Keep track of your trades and analyze your performance. Learn from both your successful and unsuccessful trades to improve your trading skills.
Remember, trading involves risks, and it's important to start with a realistic mindset and expectations. Good luck on your trading journey! 🚀💰
#BTC🔥🔥 #SHIBCommunity #coinbase #XRPFuture #ETFTrends
SBI VC Trade Has Special Announcement For Shiba Inu (SHIB) and Dogecoin (DOGE) Holders
In an exciting development for the Japanese crypto community, SBI VC Trade, the crypto exchange division of the SBI Group, has announced a special campaign to celebrate Kabosu-chan’s birthday, the beloved internet personality who inspired the popular Shiba Inu and Dogecoin cryptocurrencies.
The campaign aims to engage crypto enthusiasts and provide them with an opportunity to win Shiba Inu (SHIB) tokens.
Kabosu-chan, an adorable Shiba Inu dog, captured the hearts of millions around the world, leading to the creation of the Shiba Inu token and even contributing to the rise of Dogecoin (DOGE).
The campaign, which was announced through a statement on the X platform and the official SBI VC Trade blog, invites Japanese crypto enthusiasts to participate and earn cryptocurrencies inspired by Kabosu-chan. The company has provided specific details about the promotion, ensuring that participants are well-informed.
Shiba Inu (SHIB) and Dogecoin (DOGE) Campaign
According to the announcement, SBI VC Trade users can actively engage in Shiba Inu and Dogecoin transactions while also taking part in a coin lending initiative. This multi-faceted campaign offers participants several avenues to explore within the crypto space.
To make the campaign even more enticing, participants have the opportunity to earn rewards for purchasing SHIB and DOGE during the campaign period. The eligibility criteria for these rewards are as follows:
Individuals who enter into a contract to purchase SHIB with a value of 50,000 yen or more during the campaign period.Individuals who do the same for DOGE.
Participants meeting these requirements will receive rewards proportional to their purchases. For SHIB transactions, qualifying customers will receive an amount equivalent to 1% of their Shiba Inu purchase contract price in SHIB tokens. The same 1% commission applies to Dogecoin transactions, ensuring fairness and consistency.
In addition to the rewards, SBI VC Trade has a surprise for customers who open a new account as part of the campaign. These individuals will receive a special gift of “Kabosu fruit juice,” a delightful gesture that adds to the celebratory atmosphere of the campaign.
The campaign, running from November 2nd to December 1st, 2023, presents a limited-time opportunity for Japanese crypto enthusiasts to celebrate Kabosu-chan’s birthday while potentially earning exciting rewards in the form of SHIB and DOGE tokens.
The campaign not only commemorates the iconic Kabosu-chan but also highlights the significance of cryptocurrencies in our digital age.
Make sure to mark your calendars and take part in this special campaign brought to you by SBI VC Trade. Join the festivities surrounding the influential Kabosu-chan and her impact on the crypto world.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #DOGEProjections $SHIB $DOGE
The campaign aims to engage crypto enthusiasts and provide them with an opportunity to win Shiba Inu (SHIB) tokens.
Kabosu-chan, an adorable Shiba Inu dog, captured the hearts of millions around the world, leading to the creation of the Shiba Inu token and even contributing to the rise of Dogecoin (DOGE).
The campaign, which was announced through a statement on the X platform and the official SBI VC Trade blog, invites Japanese crypto enthusiasts to participate and earn cryptocurrencies inspired by Kabosu-chan. The company has provided specific details about the promotion, ensuring that participants are well-informed.
Shiba Inu (SHIB) and Dogecoin (DOGE) Campaign
According to the announcement, SBI VC Trade users can actively engage in Shiba Inu and Dogecoin transactions while also taking part in a coin lending initiative. This multi-faceted campaign offers participants several avenues to explore within the crypto space.
To make the campaign even more enticing, participants have the opportunity to earn rewards for purchasing SHIB and DOGE during the campaign period. The eligibility criteria for these rewards are as follows:
Individuals who enter into a contract to purchase SHIB with a value of 50,000 yen or more during the campaign period.Individuals who do the same for DOGE.
Participants meeting these requirements will receive rewards proportional to their purchases. For SHIB transactions, qualifying customers will receive an amount equivalent to 1% of their Shiba Inu purchase contract price in SHIB tokens. The same 1% commission applies to Dogecoin transactions, ensuring fairness and consistency.
In addition to the rewards, SBI VC Trade has a surprise for customers who open a new account as part of the campaign. These individuals will receive a special gift of “Kabosu fruit juice,” a delightful gesture that adds to the celebratory atmosphere of the campaign.
The campaign, running from November 2nd to December 1st, 2023, presents a limited-time opportunity for Japanese crypto enthusiasts to celebrate Kabosu-chan’s birthday while potentially earning exciting rewards in the form of SHIB and DOGE tokens.
The campaign not only commemorates the iconic Kabosu-chan but also highlights the significance of cryptocurrencies in our digital age.
Make sure to mark your calendars and take part in this special campaign brought to you by SBI VC Trade. Join the festivities surrounding the influential Kabosu-chan and her impact on the crypto world.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #DOGEProjections $SHIB $DOGE
Shiba Inu: Can SHIB Reach $0.01 in 2024?
Shiba Inu (SHIB) has had a lackluster year in 2023. While other crypto assets such as Bitcoin (BTC) and Solana (SOL) are up by over 100% since January 2023, SHIB is down by about 3%. Even after the highly anticipated Shibarium launch, the memecoin’s price did not pump much. Although the token picked up some steam in October, it has not managed to break the resistance level of $0.000008.
Can Shiba Inu Reach $0.01?
However, many are hopeful that Shiba Inu (SHIB) will pick up the pace in 2024. Many market analysts anticipate another crypto market bull run early next year, and SHIB could touch new highs if that were to happen. However, will the memecoin achieve its “1-cent dream”? Let’s find out.
Can Shiba Inu reach $0.01 in 2024?
If SHIB reaches a price of $0.01, its market cap will skyrocket to around $5.89 trillion, as there are 589 trillion SHIB tokens in circulation. This figure is unlikely as the market cap would be more than many big economies. For example, the GDP (Gross Domestic Product) of France is around $3.8 trillion. If SHIB reaches $0.01, the project would be, in a way, richer than France.
Hence, in a realistic scenario, SHIB would have to significantly reduce its circulating supply to reach a more achievable market cap while still having a price of $0.01. The Shiba Inu (SHIB) team has hinted that they are working on a new burn mechanism rumored to burn trillions of tokens yearly. If such a burn portal launches, SHIB could see a sudden decrease in supply and, thereby, an increase in its price. However, we do not know when the team plans to launch the new burn mechanism or how it will burn tokens in the first place.
Nonetheless, the chances of SHIB achieving the “1-cent dream” in 2024 are very slim. The achievement may happen at a later date, but 2024 seems too close for the project to pull it off.
#SHIBCommunity #ShibaInuRevolution
Shiba Inu (SHIB) has had a lackluster year in 2023. While other crypto assets such as Bitcoin (BTC) and Solana (SOL) are up by over 100% since January 2023, SHIB is down by about 3%. Even after the highly anticipated Shibarium launch, the memecoin’s price did not pump much. Although the token picked up some steam in October, it has not managed to break the resistance level of $0.000008.
Can Shiba Inu Reach $0.01?
However, many are hopeful that Shiba Inu (SHIB) will pick up the pace in 2024. Many market analysts anticipate another crypto market bull run early next year, and SHIB could touch new highs if that were to happen. However, will the memecoin achieve its “1-cent dream”? Let’s find out.
Can Shiba Inu reach $0.01 in 2024?
If SHIB reaches a price of $0.01, its market cap will skyrocket to around $5.89 trillion, as there are 589 trillion SHIB tokens in circulation. This figure is unlikely as the market cap would be more than many big economies. For example, the GDP (Gross Domestic Product) of France is around $3.8 trillion. If SHIB reaches $0.01, the project would be, in a way, richer than France.
Hence, in a realistic scenario, SHIB would have to significantly reduce its circulating supply to reach a more achievable market cap while still having a price of $0.01. The Shiba Inu (SHIB) team has hinted that they are working on a new burn mechanism rumored to burn trillions of tokens yearly. If such a burn portal launches, SHIB could see a sudden decrease in supply and, thereby, an increase in its price. However, we do not know when the team plans to launch the new burn mechanism or how it will burn tokens in the first place.
Nonetheless, the chances of SHIB achieving the “1-cent dream” in 2024 are very slim. The achievement may happen at a later date, but 2024 seems too close for the project to pull it off.
#SHIBCommunity #ShibaInuRevolution
Shiba Inu Coin News: SHIB Burn Rate Skyrockets 250% In 24 Hrs
AI: "In a surprising turn of events, the burn rate of Shiba Inu Coin has skyrocketed by an astonishing 250% in just 24 hours, leaving investors and cryptocurrency enthusiasts wondering what could be the cause behind this sudden surge. As the news broke, the crypto community was abuzz with speculation and theories, with some attributing the increase to a strategic move by the Shiba Inu development team, while others believed it to be a result of market manipulation. Regardless of the reason, this significant rise in burn rate has undoubtedly caught the attention of both seasoned traders and newcomers alike.
For those unfamiliar with the concept, burn rate refers to the process of permanently removing a certain amount of tokens from circulation, thereby reducing the total supply. This is often done to increase scarcity and potentially drive up the value of the remaining tokens. In the case of Shiba Inu Coin, the sudden surge in burn rate has led to a decrease in the overall supply, creating a sense of scarcity and potentially fueling investor interest.
However, it is important to note that such rapid increases in burn rate can also have unintended consequences. While it may initially seem like a positive development for investors, it could potentially lead to a lack of liquidity in the market, making it difficult for traders to buy or sell their tokens. Additionally, the sudden decrease in supply could also result in increased volatility, as the market adjusts to the new dynamics.
As the Shiba Inu Coin community continues to monitor these developments, it remains to be seen how this surge in burn rate will impact the overall trajectory of the cryptocurrency. Will it lead to a sustained increase in value, or will it be a short-lived phenomenon? Only time will tell. In the meantime, investors and enthusiasts alike are advised to closely follow the news and stay informed about any further updates regarding Shiba Inu Coin's burn rate.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #shib $SHIB
For those unfamiliar with the concept, burn rate refers to the process of permanently removing a certain amount of tokens from circulation, thereby reducing the total supply. This is often done to increase scarcity and potentially drive up the value of the remaining tokens. In the case of Shiba Inu Coin, the sudden surge in burn rate has led to a decrease in the overall supply, creating a sense of scarcity and potentially fueling investor interest.
However, it is important to note that such rapid increases in burn rate can also have unintended consequences. While it may initially seem like a positive development for investors, it could potentially lead to a lack of liquidity in the market, making it difficult for traders to buy or sell their tokens. Additionally, the sudden decrease in supply could also result in increased volatility, as the market adjusts to the new dynamics.
As the Shiba Inu Coin community continues to monitor these developments, it remains to be seen how this surge in burn rate will impact the overall trajectory of the cryptocurrency. Will it lead to a sustained increase in value, or will it be a short-lived phenomenon? Only time will tell. In the meantime, investors and enthusiasts alike are advised to closely follow the news and stay informed about any further updates regarding Shiba Inu Coin's burn rate.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #shib $SHIB
Shiba Inu (SHIB) Presses Reset Button, Sees Positive Return
Bulls in Shiba Inu (SHIB) are cooling off following a somewhat eventful week that witnessed a 6.93% increase in the meme coin's price. Some of its most recent gains are currently being cut back, indicating a situation where market makers are taking profits, a pattern that many feel is required for a positive comeback.
Shiba Inu has had its first daily loss of the week, down $0.000008196 according to the most recent market data. There has been very little trading activity, with only $173,150,418 transacted on spot markets to far; this represents a decline of 18.41%. Given that many customers would view the reduced cost as a way to stack up with a discount, the likelihood that Shiba Inu will record another growth run is strong even in the face of declining metrics.
Despite the recent sell-offs, Shiba Inu's social trends are still favorable because the token has a score of 66 on the Fear and Greed Index, indicating that greed is still a key factor driving investors' interest. This greed can support any significant catalyst that the SHIB community is hoping will spark the community's future the second coming.
Moreover, Shiba Inu markets itself as one of the most deflationary cryptocurrency initiatives available. The protocol's burn rate increased by more than 12,800% earlier this week when millions of SHIB were delivered to inactive wallets, increasing the amount of the meme coin that is in circulation.
These optimistic patterns will undoubtedly serve as the impetus needed to propel SHIB over its unsettling low and onto new heights.
#SHIBCommunity #ShibaInuPriceForecast #ShibaInuRevolution #ShibariumBlockchain #btcnews99
Bulls in Shiba Inu (SHIB) are cooling off following a somewhat eventful week that witnessed a 6.93% increase in the meme coin's price. Some of its most recent gains are currently being cut back, indicating a situation where market makers are taking profits, a pattern that many feel is required for a positive comeback.
Shiba Inu has had its first daily loss of the week, down $0.000008196 according to the most recent market data. There has been very little trading activity, with only $173,150,418 transacted on spot markets to far; this represents a decline of 18.41%. Given that many customers would view the reduced cost as a way to stack up with a discount, the likelihood that Shiba Inu will record another growth run is strong even in the face of declining metrics.
Despite the recent sell-offs, Shiba Inu's social trends are still favorable because the token has a score of 66 on the Fear and Greed Index, indicating that greed is still a key factor driving investors' interest. This greed can support any significant catalyst that the SHIB community is hoping will spark the community's future the second coming.
Moreover, Shiba Inu markets itself as one of the most deflationary cryptocurrency initiatives available. The protocol's burn rate increased by more than 12,800% earlier this week when millions of SHIB were delivered to inactive wallets, increasing the amount of the meme coin that is in circulation.
These optimistic patterns will undoubtedly serve as the impetus needed to propel SHIB over its unsettling low and onto new heights.
#SHIBCommunity #ShibaInuPriceForecast #ShibaInuRevolution #ShibariumBlockchain #btcnews99
Shiba Inu Good news: prices are expected to keep going up
The progress of the layer-2 network #Shibarium remains noteworthy, as indicated by recent developments within the ecosystem. These recent advancements have further rekindled optimistic attitudes among the Shiba Inu community, as members anticipate a positive trend in the token's trajectory. $SHIB
The Resilience of Shibarium
Shibarium has demonstrated significant progress subsequent to its initial unsuccessful debut. The network has lately introduced its name service, offering customers a more convenient and streamlined method for doing transactions within the network.
The network has garnered significant attention and practicality, as seen by the recent announcement from node vendor NOW Nodes, which identified Shibarium as one of the top-performing networks within their ecosystem.
As per their statement, they have successfully handled more than 66 million queries to Shibarium since the initiation of shared access to the Shibarium RPC full nodes in September. In addition, they emphasized their intentions to integrate Shibarium into prominent cryptocurrency exchanges and digital wallets.
As an integral component of these strategic initiatives, the subsequent phase entails identifying liquidity providers that will facilitate the seamless integration of Shibarium into various exchanges and wallets. An example of such an exchange is GroveX, a company established in Australia, which has disclosed its ongoing efforts to incorporate the network into its platform.
In the meanwhile, there is a persistent upward trend in on-chain activity inside the network. Based on the data obtained from the network explorer Shibariumscan, it can be observed that the network is approaching the milestone of processing four million transactions. Currently, Shibarium is observing a daily average of 14,000 transactions.
Based on available evidence, it is evident that the network's crew is diligently working towards achieving their goals. This aligns with the perspective of Shytoshi Kusama, the primary developer of Shiba Inu, who emphasized the importance of such efforts in order to witness a substantial rise in the price of SHIB, as desired by the community members.
Nevertheless, the incorporation of Shibarium into the decentralized wallet has not been officially verified, since there has been no comment published by the wallet provider about this matter. Additionally, at the time of writing, it appears that Shibarium is not supported on the wallet.
In January of the current year, Atomic made a statement regarding their intention to provide support for Shibarium with the introduction of the layer 2 network. However, no more communication has been made about this matter subsequent to the aforementioned announcement.
If ultimately verified, such information will unquestionably have a positive impact on the ecosystem. The implementation of this action has the potential to facilitate the integration of Atomic's user base, which exceeds 5 million registered users, into the network. Consequently, this might lead to a subsequent surge in the demand for the ecosystem's utility tokens.
According to data sourced from CoinMarketCap, the current trade value of SHIB is at around $0.000007893, reflecting a positive increase of more than 2% throughout the past 24 hours.
#SHIBCommunity #crypto2023
The Resilience of Shibarium
Shibarium has demonstrated significant progress subsequent to its initial unsuccessful debut. The network has lately introduced its name service, offering customers a more convenient and streamlined method for doing transactions within the network.
The network has garnered significant attention and practicality, as seen by the recent announcement from node vendor NOW Nodes, which identified Shibarium as one of the top-performing networks within their ecosystem.
As per their statement, they have successfully handled more than 66 million queries to Shibarium since the initiation of shared access to the Shibarium RPC full nodes in September. In addition, they emphasized their intentions to integrate Shibarium into prominent cryptocurrency exchanges and digital wallets.
As an integral component of these strategic initiatives, the subsequent phase entails identifying liquidity providers that will facilitate the seamless integration of Shibarium into various exchanges and wallets. An example of such an exchange is GroveX, a company established in Australia, which has disclosed its ongoing efforts to incorporate the network into its platform.
In the meanwhile, there is a persistent upward trend in on-chain activity inside the network. Based on the data obtained from the network explorer Shibariumscan, it can be observed that the network is approaching the milestone of processing four million transactions. Currently, Shibarium is observing a daily average of 14,000 transactions.
Based on available evidence, it is evident that the network's crew is diligently working towards achieving their goals. This aligns with the perspective of Shytoshi Kusama, the primary developer of Shiba Inu, who emphasized the importance of such efforts in order to witness a substantial rise in the price of SHIB, as desired by the community members.
Nevertheless, the incorporation of Shibarium into the decentralized wallet has not been officially verified, since there has been no comment published by the wallet provider about this matter. Additionally, at the time of writing, it appears that Shibarium is not supported on the wallet.
In January of the current year, Atomic made a statement regarding their intention to provide support for Shibarium with the introduction of the layer 2 network. However, no more communication has been made about this matter subsequent to the aforementioned announcement.
If ultimately verified, such information will unquestionably have a positive impact on the ecosystem. The implementation of this action has the potential to facilitate the integration of Atomic's user base, which exceeds 5 million registered users, into the network. Consequently, this might lead to a subsequent surge in the demand for the ecosystem's utility tokens.
According to data sourced from CoinMarketCap, the current trade value of SHIB is at around $0.000007893, reflecting a positive increase of more than 2% throughout the past 24 hours.
#SHIBCommunity #crypto2023