Shiba Inu has released the fourth edition of its weekly Shib Magazine, alongside a massive giveaway of 7K NFT covers to lucky winners.
Read more on: https://thecryptobasic.com/2023/11/28/top-dex-integrates-with-shiba-inu-blockchain-as-shib-team-shares-5-trends-for-next-bull-run/
#ShibaInuUpdate #SHIBFuture #ShibaShine #CryptoInnovators #CryptoNews🔒📰🚫

Shiba Inu (SHIB) is on track in closing the week on a bullish note as current forecast predicts it reaching a weekly high of $0.000008900.
The forecast came from Changelly, a crypto trading platform. According to the outfit, should Shiba Inu hit the $0.000008900 as predicted, it would have jumped by 9.39%.
Shiba Inu’s volatility lends credence to the possibility of this forecast. Currently, market sentiment is low with SHIB price pegged at $0.000007969 atop a 4% slump. 
The token’s market capitalization of $4,697,098,306 recorded a 4.46% drop in value however, a 41% surge in trading volume is proof that SHIB traders have what to anchor their optimism on.
Shiba Inu Mixed Possibilities
Notably, Changelly is positive regarding Shiba Inu end this trading week. Currently the platform projects that SHIB might still erase some of its current losses and jump to $0.000008315. 
Shiba Inu’s uptrend is expected to continue on November 23, and attain its peak on November 24. The twist comes after the bullish trend ends where the price of Shiba Inu is predicted to trade at $0.000008448.

From here on, prices might fall as SHIB is to touch $0.000007713 a 5.2% decline in comparism to its competitors.
SHIB’s Silver Lining
Despite the erratic response of most altcoins in the wake of the regulatory crackdown on Binance Exchange by US authorities, Shiba Inu has stayed resilient. SHIB is consolidating above a crucial support level at $0.0000075 amid increased selling pressure.
This consolidation is particularly of interest as any network or fundamental trigger may be ushered in to change the direction of the price movements. One such network and fundamental event is the burn rate metric. 
The burn rate spiked by over 47,000% earlier this week, as community members doubled down on removing the massive SHIB in circulation. With the deflationary status, recorded network milestones and other promised innovation from the SHIB developer team, Shiba Inu’s potential upsurge remains high.
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.
#ShibaInuUpdate #Shib $SHIB

Shiba Inu’s token burns have surged dramatically as March begins, driven by the substantial burns conducted in February.
The SHIB transaction tracker Shibburn is reporting a significant increase in the rate of SHIB token burns since yesterday. At the same time, it has revealed a massive amount of SHIB destroyed over the past month.
Shiba Inu Witnesses Massive Burns and Price Surge
The SHIB community has witnessed a surge in 24-hour burns, coinciding with a significant price increase observed since yesterday. Shibburn, the SHIB transaction tracker, reports that within the last 24 hours, the community’s combined efforts have led to the destruction of 37,104,438 SHIB meme coins, driving the burn rate up by 887.07%.
The largest burn transaction occurred approximately nine hours ago, where 21,540,898 SHIB was sent to dead-end cryptocurrency wallets. Following closely, the second-largest burn involved 9,740,615 SHIB, happening 16 hours ago. Additionally, three other substantial transfers accounted for 2,154,873 SHIB, 1,000,000 SHIB, and 1,802,613 SHIB, with the most recent occurring less than an hour ago.
On Friday, data from the Shibburn website indicates that less than 4 million SHIB were sent to unspendable blockchain addresses.

Furthermore, according to Shibburn’s data, in the past month of February, the SHIB community collectively disposed of a massive 643,656,418 SHIB meme coins overall.

Shiba Inu Surges with Major Purchases
In the past 24 hours, Shiba Inu has experienced an enormous surge, surpassing a 70% increase and reaching a high of $0.00002250, a level last seen in April 2022. According to Spot On Chain analytics data aggregator, among other factors, three significant SHIB purchases have contributed to this remarkable price hike.
In the days leading up to the price rally, a smart whale made a substantial purchase of 75.91 billion SHIB on Binance, spending $1.51 million and subsequently withdrawing the tokens. Presently, this whale has realized a profit of $614,000, marking a significant 69% increase.
The second major purchase was executed by the founder of Maker DAO, @RuneKek, who acquired an impressive 7.41 billion SHIB for 100,000 USDT.

Additionally, a blockchain wallet associated with the UPbit exchange accumulated a staggering 2.13 trillion SHIB within the past 24 hours. As of now, this wallet ranks as the seventh largest SHIB address, holding 12.45 trillion Shiba Inu tokens valued at $247 million.
⚠️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.
#ShibaInuUpdate #SHIB

The price of Shiba Inu has increased by 1.5% over the course of the last twenty-four hours, and its recent climb to $0.00000831 coincides with the larger cryptocurrency market posting a gain of 2.5% today.
While the meme token has only increased by 2.5% since the beginning of the year, SHIB has already increased by 4% in a week and by 3.5% in the previous 30 days. This is despite the fact that the year has only just begun.
Despite the fact that this rise is insignificant in contrast to the year-to-date returns that other prominent tokens (such as Bitcoin, Ethereum, XRP, and SOL) have produced, Shiba Inu has introduced a number of significant new upgrades this year, which has strengthened its fundamentals in preparation for future growth.
2024 has the potential to be a very significant year for SHIB, as the primary developer, Shytoshi Kusama, has outlined four improvements that will be released in the future.
Prediction of the Shiba Inu Price, with Four Major Updates Being Teased — Is It Possible for SHIB to Reach $1?
At the moment, the indicator of SHIB is in a precarious position, which is consistent with either more increases or additional declines.
Over the course of the past week, its relative strength index (RSI) has decreased to 50, and despite a little uptick in the days prior, it appears to be stuck at the same level of moderate.

It is possible that this indicates that it does not possess the momentum to make more gains in the near future. This is also possible for its 30-day average (yellow), which is having difficulty rising above its 200-day (blue) average.
Additionally, it is possible that the fact that its support level (green) saw a substantial drop on November 21 is relevant, as this may indicate that it may not be durable against any future dips.
The trajectory of the larger market, which may increase over the next few weeks, particularly if the SEC gives its approval to a Bitcoin exchange-traded fund (ETF), is likely to be the determining factor in SHIB's fortunes.
On the other hand, this does not indicate that the price of Shiba Inu will not continue to slowly increase in the more distant future. This is because the currency has welcomed a number of significant launches this year, including those for Shibarium and for its own naming service.
And yesterday saw the publication of an interview with Shytoshi Kusama, in which the developer detailed four areas in which SHIB is expected to receive important changes in the next months. The interview was conducted by Kusama.
In particular, the Shiba Inu ecosystem will pursue "absolute decentralization" in the year 2024. This will involve the implementation of more democratic governance across all four coins, as well as elections that are led by the community.
In addition to this, the developer intends to make SHIB's user experience (UX) more user-friendly and to give it with a more powerful protection against frauds, which will include self-sovereign identification and privacy protections.
To put this into perspective, the introduction of such features, in conjunction with the eventual debut of SHIB: The Metaverse, might potentially result in a significant increase in the price of the Shiba Inu in the year 2024.
#ShibaInuUpdate #BTC #crypto2023

- Despite price drops, Shiba Inu's burn rates surge, marking an unexpected trend.
- Gas fees contribute to the burn of tokens, driving Shiba Inu's scarcity.
- HODLers betting on a SHIB rally amass tokens, potentially impacting future value.

Amid a slight slowdown in the cryptocurrency markets, Shiba Inu's burn rates have surged nearly 40 times in comparison to the previous day. This unexpected acceleration prompts questions about the source of tokens being burned by the SHIB team.
The exponential rise in burn rates might stem from heightened SHIB movement, particularly favored by whales, or it could signal an uptick in SHIB adoption.
To decipher the 40x surge in burn rate, let's delve into the specifics. On January 4, 2023, the burn rate for SHIB spiked by a staggering 3963.36%, resulting in the incineration of approximately 1.22 million tokens. Presently, the circulating supply of SHIB stands at 589,301,785 million tokens.
Despite the seemingly improbable impact on token prices, burning tokens plays a role in mitigating token value.
This revelation comes from Shibburn via X.com, a platform dedicated to monitoring Shiba Inu's token burning activities.
Understanding the Significance of Shiba Inu's Burning: Shiba Inu debuted with an overwhelming supply of over 1 quadrillion (1000 trillion) tokens, with Vitalik Buterin burning around 400 trillion tokens upon receipt. This vast number of tokens poses a significant challenge.
At its current value, Shiba Inu's price is a million times less than $9. For Shiba Inu to even dream of reaching the $1 mark in the 21st century, it faces two potential paths: a global abandonment of all other assets in favor of Shiba Inu or a reduction in its supply.
Token burning aids in diminishing the circulating supply of coins. Since voluntary relinquishment of coins is unlikely, burning acquired coins through gas fees emerges as an optimal strategy.
Shiba Inu burns a fraction of the gas fees it accumulates, correlating higher transaction volumes on its blockchain with increased burning rates.
Why Monitor Burn Rates? Elevated burn rates could indicate a surge in high-value transactions or an upswing in low-value transactions, reflective of Shiba Inu's escalating adoption.
Tracking substantial transactions allows for monitoring whale movements, providing insights into potential market trends beforehand.
Even in cases where transactions aren't solely driven by whales, burns executed by SHIB developers imply a gradual embrace of the token.
Two transactions burning 1.2 million SHIB were seemingly executed by the SHIB team, presumably sourced from gas fees.
Investigating the Origins: An analysis of Shibarium's one-month transaction levels displays a decline in Shiba Inu transactions towards late December and early January, dismissing the possibility of increased gas fees during that period.
So, where do SHIB tokens for burning originate? Tokens seem to originate from HODLers tracking Shiba Inu's rally.
A Broader View of the Crypto Market: Over the past month, most cryptocurrencies witnessed a decline, resulting in trader liquidations amounting to $730 million. Despite this trend, SHIB's price has exhibited a 12% uptick.
Moreover, indications point towards SHIB continuing its upward trajectory, supported by Bollinger Bands signaling an impending rally. The latest price graph for SHIB, particularly the reversal on January 2, 2023, hints at a potential surge.
Please note: While Voice of Crypto endeavors to present accurate and current information, it disclaims liability for any omissions or inaccuracies. Cryptocurrencies are volatile assets; conduct thorough research and make informed financial decisions.
#SHIB #shibaInu #ShibaInuSurge #ShibaInuUpdate #ShibaBurns
$SHIB

Shibarium-based decentralized exchange (DEX) and DeFi platform Marswap has integrated an on/off-ramp feature to enable investors purchase Shiba Inu ecosystem token BONE using bank card and PayPal.
Read more on: https://thecryptobasic.com/2023/11/14/shiba-inu-marswap-now-allows-you-to-buy-and-sell-bone-on-shibarium-using-bank-card-and-paypal/
#ShibaInuUpdate #SHIBs #CryptoSimple #CryptoNews🔒📰🚫 #cryptonewstoday

The Shiba Inu community has once again intensified its efforts to burn SHIB tokens, resulting in a significant increase in the burn rate. Despite the recent decline in the price of SHIB during the last week, there has been a significant surge in Shiba Inu's burn rate, which has experienced an approximate rise of 48,000%.
The SHIB community is resolute in their efforts to reduce the circulating quantity of Shiba Inu, a task that is widely believed to have a favorable effect on the token's price.
The SHIB community has escalated its efforts to burn tokens in response to a little decrease in value.
Based on the data obtained by Shibburn, a tracker specifically designed for monitoring the burn rate of Shiba Inu (SHIB), it has been seen that the SHIB burn rate has experienced a significant surge of 47,908% over the past 24-hour period. On November 21, a total of 28.129 million SHIB tokens were transferred from circulation to the dead wallet within the SHIB ecosystem. During the preceding week, the pace at which SHIB tokens are being burned has seen a growth of 26.29%, resulting in the removal of more than 290 million tokens from circulation.
Based on the data provided by Shibburn , it is evident that the most significant burn transaction was the transfer of an impressive 28.15 million SHIB tokens, originating from an unidentified address. The substantial quantity of SHIB tokens that were incinerated by an unidentified wallet garnered the interest of fervent SHIB supporters. According to data obtained from the SHIB burn monitoring website, the burn transaction took place around 15 hours ago.
The SHIB community has successfully eliminated a total of 410.66 trillion tokens from the original SHIB token supply. At now, the total quantity of Shiba Inu tokens amounts to around 589.34 trillion coins. Additionally, the circulating quantity of Shiba Inu tokens is around 580.4 million.
The Shiba Inu community has been actively engaged in efforts to diminish the substantial supply of the meme coin and implement measures to enhance scarcity. The occurrence of Shiba Inu token burns exhibits erratic patterns, with certain days seeing a higher frequency of token burns compared to others. The substantial surge saw today follows a significant decrease of 98.79% in the rate at which SHIB tokens were burned on November 20th.
Based on the report from Shibburn on November 20th, a total of 983,884 Shiba Inu tokens were incinerated through three separate transactions. The transaction involving 42,850 SHIB tokens stands as the most substantial burn transaction. The aforementioned data point exhibited a notable decrease compared to the observations made on preceding days.
The Price Outlook for Shiba Inu
Despite the belief held by members of the Shiba Inu community that the token burn frenzy will have a beneficial influence on the price of SHIB, the meme currency has instead had a contrary trajectory. The price of the subject in question has had a downward trend throughout the course of the previous week, exhibiting a fall of more than 1% over a period of seven days. At the present moment, the trading value of Shiba Inu is at $0.000008345, exhibiting a 4% decrease during the span of 24 hours.

The #SHIB candles observed over the last week have exhibited values that fall below the median band of the Donchian Channel (DC). This observation implies a potential downward movement for the asset in the near future. In the event that the price of the asset descends below the lower band, it is plausible that the bears might assert dominance over its price movement, perhaps leading to more declines.
However, it is worth noting that $SHIB has managed to retain almost 20% of the gains it made in the previous month. This observation suggests the possibility of a potential recovery, as evidenced by the presence of positive trends in the market.

#ShibaInuUpdate #Shibarium