Shiba Inu Joins Broader Crypto Market Rally, Surges by 10% in one Day

Crypto Scam Alert News

Latest scam alerts in the cryptocurrency and blockchain industry

News

Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

SHIB

Shiba Inu (SHIB) is an Ethereum-based cryptocurrency that made its debut in August 2020, created by the mysterious and anonymous figure known as Ryoshi. When it started, it was birthed as a meme coin, borrowing a bit of Dogecoin’s playful spirit. But, SHIB has since carved out a more ambitious identity. While Bitcoin aims to be a store of value, and Ether powers decentralized apps, SHIB started off as a community-driven project but quickly expanded to embrace decentralized finance (DeFi), a layer-2 blockchain solution, and NFTs. SHIB doesn’t have its own independent chain. It operates as an ERC-20 token on Ethereum&#8217;s blockchain, leaning on the blockchain&#8217;s huge security and smart contract infrastructure. The token began with a super huge supply of one quadrillion, though a hefty chunk—over 410 trillion—was burned by Ethereum co-founder Vitalik Buterin, catching the eyes of the crypto space. How Does Shiba Inu Work? SHIB is part of a larger ecosystem that includes: ShibaSwap: A decentralized exchange (DEX) where SHIB holders can stake, swap, and earn rewards. BONE and LEASH: Two additional tokens that offer governance and staking perks. Shibarium: A layer-2 blockchain that aims to scale the network and reduce Ethereum gas fees. While it&#8217;s accurate that SHIB isn&#8217;t mined and operates as an ERC-20 token on the Ethereum blockchain, Ethereum transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism in September 2022 with the Ethereum 2.0 upgrade. Therefore, Ethereum&#8217;s PoS mechanism currently validates SHIB transactions, providing both security and decentralization. Shiba Inu vs. Other Cryptos Compared to Dogecoin (DOGE), which relies on proof-of-work (PoW) mining, SHIB’s foundation on Ethereum allows it to interact with DeFi apps. And unlike Bitcoin’s capped supply of 21 million coins, SHIB had a huge initial supply, but ongoing burns are slowly shrinking the total circulation. The Role of Blockchain in Shiba Inu Thanks to Ethereum, SHIB benefits from strong security and decentralization. Albeit, Ethereum&#8217;s notorious high gas fees have been a pain point, leading to the development of Shibarium, which promises to cut down on those costs. Investing in Shiba Inu Is Shiba Inu a Good Investment? Judging by past market behavior, SHIB is a high-risk coin. It updived by over 1,000,000% in 2021, but prices have been all over the place since then. If you&#8217;re thinking of throwing in funds, make sure you understand the volatility and adjust your expectations accordingly. Key Considerations: Volatility: SHIB’s price is a rollercoaster, so be ready for some ups and downs. Market Sentiment: The bearish mood right now could lead to short-term losses. Pros: A strong community (ShibaArmy), DeFi use cases, and an expanding ecosystem. Cons: Huge price swings, meme-coin status, and uncertain long-term utility. Investment Strategies &amp; Best Practices Long-Term Holding (HODL): For those who believe SHIB’s price could rise as adoption grows. Short-Term Trading: For risk-takers who want to capitalize on price swings (but it’s not for the faint-hearted). Staking &amp; Yield Farming: You can stake your SHIB on ShibaSwap for passive income. Long-Term vs. Short-Term Holding Long-Term Investment: Hold on to SHIB and hope for mass adoption down the road. Short-Term Trading: Expect volatility, but potential high-reward opportunities for experienced traders. Legal &amp; Regulatory Considerations SHIB operates in a bit of a grey area when it comes to regulations. It’s not classified as a security (yet), but new rules could pop up that might affect how it’s traded or taxed in the future. Keep an eye on regulatory changes if you plan to invest. How to Buy &amp; Trade Shiba Inu How to Buy Shiba Inu? Ready to invest? Here’s how to buy SHIB: Choose an exchange (Binance, Coinbase, Kraken, etc.). Set up your account and verify your identity. Deposit funds (via bank transfer, credit card, or even another crypto). Buy SHIB directly on the exchange. Store your SHIB safely in a wallet (more on that below). Best Exchanges to Trade Shiba Inu Binance: A top choice for liquidity and lots of trading pairs. Coinbase: Great for beginners with its simple, user-friendly interface. Kraken: Known for strong security features. Gemini Transaction Fees &amp; Trading Costs Fees vary depending on the exchange. Binance charges about 0.1% per trade, while Coinbase is a bit pricier. Don&#8217;t forget about Ethereum’s gas fees if you’re transferring SHIB to another wallet! Shiba Inu Wallets &amp; Security Best Wallets for Shiba Inu Hot Wallets (Online): MetaMask, Trust Wallet (convenient but less secure). Cold Wallets (Offline): Ledger, Trezor (best for long-term storage and security). How to Secure Your Shiba Inu Holdings Use 2FA (Two-Factor Authentication) on exchange accounts. Store large holdings in cold wallets. Be wary of phishing scams—always verify URLs before connecting your wallet. Custodial vs. Non-Custodial Wallets Custodial wallets (like exchange wallets) manage your private keys for you. Non-custodial wallets give you full control of your assets. Shiba Inu Adoption &amp; Use Cases Key Partnerships &amp; Integrations ShibaSwap: The DEX that allows for staking and liquidity provision. BitPay: Some businesses now accept SHIB payments. Shibarium: The layer-2 network that helps scale the ecosystem and lower fees. Adoption in Global Markets SHIB has made some headway in the real world, with certain merchants and crypto platforms accepting it. Plus, NFTs like Shiboshis are part of the growing market. This statement is accurate. On February 4, 2025, the UAE&#8217;s Ministry of Energy and Infrastructure (MoEI) announced a partnership with Shiba Inu to advance digital transformation by integrating blockchain solutions across public services, aiming to enhance transparency and efficiency. Innovations in the Ecosystem Shibarium aims to bring more efficiency to the network, cutting down gas fees. The DeFi ecosystem is expanding, and decentralized apps (dApps) are being built within this space. Final Thoughts on Shiba Inu (SHIB) Future Outlook &amp; Growth Potential The future of SHIB depends on a few things: Adoption and real-world utility. The success of Shibarium in reducing transaction costs. Ongoing community engagement. Pros &amp; Cons of Investing in Shiba Inu Pros: A dedicated and passionate community (ShibaArmy). Ecosystem growth with DeFi and NFTs. Potential for gains during bullish market trends. Cons: Volatility and unpredictable price moves. Meme-coin status could hinder long-term utility. Dependence on Ethereum’s network for transactions. Community &amp; Developer Support The Shiba Inu community is massive and growing, with active development on projects like ShibaSwap, Shibarium, and the NFT space. Is Now the Right Time to Invest in Shiba Inu? The current sentiment in the Shiba Inu market leans bearish, with indicators suggesting a potential decline in price over the coming months. Market conditions reflect heightened caution, as fear levels remain significantly elevated. Despite the downturn, there are still opportunities for short-term gains. Cryptocurrency price predictions vary widely, with some sources forecasting notable growth while others project more modest increases. Given this unpredictability, it’s crucial to approach such forecasts with skepticism—crypto markets are notorious for their volatility, making precise timing a challenge, especially for less experienced investors. Looking further ahead, price estimates for SHIB indicate a broad range of potential outcomes. While some projections suggest substantial returns in the future, it’s important to remember that these figures are speculative, and the market can shift rapidly in either direction. For those who believe in the long-term prospects of the Shiba Inu ecosystem, including developments in blockchain technology and decentralized finance, there may be growth potential. However, as with any crypto investment, uncertainty remains a key factor. So, is now the right time to invest? That depends on your risk tolerance. If you’re new to the space or prefer lower-risk investments, waiting for more stable conditions may be wise. On the other hand, if you have a high-risk appetite and a strong belief in SHIB’s future, there could be opportunities—just be prepared for the inherent volatility of the market. Whether considering an entry point or expanding an existing position, it’s essential to stay informed, manage risk carefully, and be ready for market fluctuations. Crypto investing requires patience, strategy, and an understanding of the unpredictable nature of digital assets. FAQs 1. What is Shiba Inu? Shiba Inu is an Ethereum-based cryptocurrency that started as a meme coin but has expanded to include DeFi and NFTs. 2. How does Shiba Inu work? SHIB operates on Ethereum’s blockchain and uses a decentralized exchange (ShibaSwap) and a layer-2 blockchain (Shibarium). 3. Is Shiba Inu a good investment? SHIB has high volatility, with potential for big swings, so it’s a high-risk investment. 4. How can I invest in Shiba Inu? Buy SHIB on exchanges like Binance, Coinbase, and Kraken, then store it in a secure wallet. 5. Where can I trade Shiba Inu? You can trade SHIB on Binance, Coinbase, Kraken, and Gemini. 6. How do Shiba Inu transaction fees work? Fees vary by exchange, and Ethereum’s gas fees also apply when transferring SHIB. 7. What are the best wallets for Shiba Inu? MetaMask and Trust Wallet are popular hot wallets, while Ledger and Trezor are cold wallets for better security. 8. What is Shiba Inu’s future potential? SHIB’s future depends on adoption, Shibarium’s success, and ongoing community support. 9. What are the risks of investing in Shiba Inu? Risks include high volatility, meme-coin status, and reliance on Ethereum for transactions. 10. Is now the right time to invest in Shiba Inu? The market is currently bearish, so caution is advised, but there may be opportunities for high-risk investors. SHIB Price Prediction SHIB News

Victor Muriki

Victor Muriki is an esteemed writer focused on cryptocurrency and finance, holding a Bachelor's in Actuarial Science. Known for his sharp analysis and insightful content, he has a strong command of English and is skilled at conducting in-depth research and ensuring timely delivery.

Shiba Inu community alerts against rising scams and FUD as SHIB experiences price fluctuations, highlighting the role of vigilant moderators.

Shiba Inu Community Urged to Stay Vigilant Amid Growing Scam Risks

https://coinfomania.com/wp-content/uploads/shiba-inu-coin-price-1.webp

Home

Best Crypto to Buy Now | New Coins &amp; Presales | Next Crypto to Explode

Coinfomania

https://secure.gravatar.com/avatar/1c1862d1444b04b9e171e111cbd743b5?s=96&r=g

Crypto Journalist

SEC Likely to Appeal Ruling on XRP Programmatic Sales in Ripple Lawsuit

Crypto Regulation News

Ripple's CLO Stuart Alderoty criticizes SEC for inconsistent crypto regulation, highlighting confusion over terminology and investor alerts.

Ripple's Legal Chief Criticizes SEC's Regulatory Approach, Redesigns Agency Logo

Ripple&#8217;s Legal Chief Criticizes SEC&#8217;s Regulatory Approach, Redesigns Agency Logo

https://coinfomania.com/wp-content/uploads/ripple-vs-sec-1.jpg

According to the authorities, 47% of the $259 million Australians lost to investment schemes used cryptocurrency.

AFP Warns Aussies of Crypto Scams After $122M Lost in 12 Months

Top Picks

Shivani Ramrakhyani

With over ten years of writing experience, Shivani brings a passion for storytelling to a wide range of topics, from finance and crypto to tech, movies, DIY projects, healthcare, science, and children's development. She loves taking complex ideas and making them relatable, ensuring her readers not only understand but also enjoy what they read. Whether she’s breaking down the latest tech trends or sharing tips for nurturing young minds, Shivani’s engaging style makes her a trusted voice in her fields.

Bitcoin mining is the practice of validating and documenting transactions in a complex cryptographic puzzle known as Bitcoin’s blockchain.

Top 10 Free Bitcoin Mining Sites

https://secure.gravatar.com/avatar/553a0eb93d114daac1d6c30697649606?s=96&r=g

Crypto Bubbles are a common feature of the cryptocurrency market. They happen when traders push the price of a crypto beyond its fair value.

Understanding Crypto Bubbles: How to Navigate Market Hype and Avoid Risks

https://lh7-rt.googleusercontent.com/docsz/AD_4nXdckziWpnaZUc1aP10iV5tnWYz3L24B5SIkCgg-PibIU6AWh5uaGbJtPT2dri7s5GXJx40DlOMwtldxLpwPTsWA7XtFBHpQtkUNvRroGEgg5p-_YNSjZmAjtqtAgzO8lKRf0BWtrYG7vPcGs3ITvA3pZyU?key=r16Ukah1mM0ba2BLJYzLSQ

Yield farming has quickly become the most popular strategy in the Decentralized Finance (DeFi) space, check the best yield farming cryptos

Best Yield Farming Cryptos for 2024: Maximizing Returns in DeFi

https://coinfomania.com/wp-content/uploads/57.jpg

Top Bitcoin Mining Apps for Android & iOS

With rise of mobile technology, “mining” becomes more accessible using apps find the best Top Bitcoin Mining Apps for Android & iOS

Top Bitcoin Mining Apps for Android &amp; iOS in 2024

https://coinfomania.com/wp-content/uploads/49-1.webp

From Rags to Riches: A Retail Worker's Turnaround Journey in Crypto Trading

Stock Market Broker Working on a Computer with Multi-Monitor Workstation with Real-Time Investment, Commodities and Foreign Exchange Charts. Successful Businessman Punches Air for Winning a Trade.

Ayanfe Fakunle

Ayanfe Fakunle is an expert content writer, journalist, and editor at the intersection of crypto, finance, and web3. His mission is to make crypto accessible, engaging, and exciting for everyone.

In 2021, a retail worker from London decided to take a leap of faith. With a life savings of around £22,000, he invested in cryptocurrency...

From Rags to Riches: A Retail Worker&#8217;s Turnaround Journey in Crypto Trading

https://coinfomania.com/wp-content/uploads/iStock-1358049499.webp

https://secure.gravatar.com/avatar/93a3a58ce298159a3ebee896ecd6a734?s=96&r=g

Cloud computing has changed how the mining of cryptocurrency is done by allowing this activity to be done without physical hardware

The Ultimate Guide to the Best Cloud Mining Platforms in 2024

The crypto trading sector is booming with various opportunities for profit making. For this reason, the use of crypto signals is on the rise. But what are crypto signals?&nbsp; Crypto signals are trading suggestions made by crypto analysts, expert traders or AI systems. These signals are usually based on various analytical metrics and give you ... Read more

Search Results

Shiba Inu Community Urged to Stay Vigilant Amid Growing Scam Risks

Ripple’s Legal Chief Criticizes SEC’s Regulatory Approach, Redesigns Agency Logo

AFP Warns Aussies of Crypto Scams After $122M Lost in 12 Months

Top 10 Free Bitcoin Mining Sites

Understanding Crypto Bubbles: How to Navigate Market Hype and Avoid Risks

Best Yield Farming Cryptos for 2024: Maximizing Returns in DeFi

Top Bitcoin Mining Apps for Android & iOS in 2024

From Rags to Riches: A Retail Worker’s Turnaround Journey in Crypto Trading

The Ultimate Guide to the Best Cloud Mining Platforms in 2024

10 Best Free Crypto Signals