Shiba Inu Jumps 7% in an Hour: Will SHIB Uptrend Return?

Bittime – The crypto world has been moving up in the last few hours. Global market capitalization surpassed $2.75 trillion and leading digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana, and Binance Coin (BNB) are all in the green.

The meme coin sector also boosted, with Shiba Inu (SHIB) being one of the brightest. The price of this “ Dogecoin killer ” jumped 7% in the last hour (based on CoinGecko data), while its market capitalization exceeded $17 billion.

63% of SHIB Users Experience Profit

This latest rally leaves more than 63% of SHIB holders in profit territory (at least on paper). In comparison, more than 90% of SHIB investors lost money in September last year when the valuation was unstable.

Some analysts believe that Shiba Inu has not experienced a significant rise. Analysts such as SHIB KNIGHT and JAVON MARKS predict increases of up to hundreds of percent shortly.

SHIB is not the only meme coin to experience substantial gains today (March 25). Dogecoin (DOGE) rose 4.5% in 24 hours, Pepe Coin (PEPE) jumped 9%, and Dogwifhat (WIF) skyrocketed 20%.

Check Today's Crypto Market:

Shiba Inu Soars 9.36% Amid Rampant Fraud

The Shiba Inu community has recently been alerted to a dangerous scam. Hacked social media accounts advertise fake Shiba Inu coin airdrops. The Whale Insider account, known for its crypto research, targeted the wrong party. 

Fake news about Shiba Inu partnerships and non-existent SHIB airdrops is being spread. This action threatens the assets of the SHIB community. The goal is for users to click on malicious links and put their investments at risk.

ShibArmy Scam Alerts, or @susbarium, quickly detects and alerts the community. This Twitter account plays an important role in identifying fraud in the Shiba Inu ecosystem. The hacked Whale Insider account was once a trusted news source. 

However, these accounts have now turned into weapons of fraud, tricking SHIB holders into disclosing sensitive data or sending tokens to fraudsters. ShibArmy Scam Alerts warns against clicking on any links originating from such hacked accounts.

SHIB Price Today

Summer: Over

Above is a SHIB price chart taken from Bittime. By using 3 indicators, namely RSI, MACD, and Bollinger Bands, you can check how the current SHIB price is.

Now, SHIB is experiencing an increase of +5.52% for 0.00002923. The SHIB price is very volatile so you have to check regularly so you can find out the price of the SHIB token in real time.

Also Read: Crypto Market Voluptuous: Meme Coin BOME Soars, Bitcoin and Altcoins Fall

ShibArmy Beware of Rising Shiba Inu Scams

False advertising also threatens communities. These ads link users to pages that ask users to connect their crypto wallets and receive fake tokens. Their target is to steal money from the people they cheat. 

However, ShibArmy Scam Alerts warns Shiba Inu holders to be wary. They advise against connecting a crypto wallet to any website without a thorough investigation. This may be too late for some of the SHIB community who were deceived due to their overconfidence and enthusiasm.

Crypto fraud is an ongoing problem. The more popular a digital asset like SHIB becomes, the higher the risk of fraudsters exploiting it. 

The way to protect assets is to not share private keys or private information. Testing all sources before starting marketing or airdrops is also very important. 

Nevertheless, the Shiba Inu community remains vigilant against such threats, trying to protect its members from possible fraud.

Market Reacts Amid Fraud Warnings

Despite the fraud warning, market sentiment for Shiba Inu is still bullish. Over the last 24 hours, SHIB achieved a price increase of 9.36%. Currently, its price is trading at $0.00002999. 

SHIB trading volume also increased by 43.33%. This means the token price will likely continue to rise in the coming days. The community's resilience is reflected in its rapid response to fraud alerts.

This emphasizes the importance of remaining alert and cautious in the unpredictable crypto market.

Also read How to Buy Crypto:

Conclusion

Shiba Inu's recent price spike shows its growth potential. However, the increase was overshadowed by the rise of fraud targeting the SHIB community.

Here are some important points to remember:

• Crypto Market Volatility: Crypto prices can change quickly. SHIB's 7% rise may be followed by an equally rapid decline. Investors should always be careful and do their research before buying SHIB.
• Fraud Alert: Always double-check the source of information before taking any action involving your crypto assets. Never share private keys or other sensitive information.
• Research and Diversification: Study the Shiba Inu project and understand its potential before investing. Diversify your portfolio with other crypto assets to reduce risk.
• Strong Shiba Inu Community: The SHIB community is alert and active to help protect its members from fraud. Stay connected to the community for the latest information and alerts.

With vigilance and good research, investors can take advantage of Shiba Inu's growth potential while minimizing the risks involved.

Cara Beli Shiba Inu (SHIB) di Bittime

You can buy and sell Shiba Inu (SHIB) easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Shiba Inu (SHIB) is available on Bittime with the market pair SHIB/IDR. To be able to buy SHIB IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy a Shiba Inu (SHIB) at Bittime. 

Monitor price chart movements of Shiba Inu (SHIB), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.

Read Also: 

SHIB Price Jumps 128% in 7 Days: What is the SHIB Price Prediction?

Shiba Inu Announces Shib Name Service (SNS) and Airdrop for SHIB Users

Should You Buy Shiba Inu (SHIB) in 2024?

DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.