As a seasoned crypto investor with battle-scarred eyes from navigating the treacherous waters of the digital asset market, I can’t stress enough the importance of vigilance and discernment. The Shiba Inu community has once again been reminded of the need to stay on guard against scams, FUD, and deception by the wise words of ShibArmy Scam Alerts.
A significant announcement has been made within the Shiba Inu (SHIB) community. With the growing popularity of this canine-themed digital currency, ShibArmy Scam Alerts is sounding the alarm, urging both Shiba Inu enthusiasts and the wider cryptocurrency community to stay vigilant.
Through a tweet labeled “Guarding Against Scams, Rumors, and Misinformation,” the Shiba Inu-centric X account advises cryptocurrency owners to remain cautious in the swiftly evolving landscape of digital currencies.
Protecting Communities from Scams, FUD, and Deception
In the fast-paced world of crypto, moderators on platforms like Telegram or Discord play a crucial role in keeping the community safe. Their strict approach to rules might seem intense, but it’s essential for protecting…
— Shibarmy Scam Alerts (@susbarium) September 14, 2024
ShibArmy Scam Warnings underscores the significant part moderators perform in ensuring the safety of communities on platforms such as Telegram or Discord. Moderators are consistently vigilant, often issuing alerts to the community about potential phishing attempts, fraudulent projects, and other deceptive strategies that could lead to substantial financial losses.
As an analyst, I’d caution that imitators and deceivers pose a significant threat in the cryptocurrency realm. These unscrupulous individuals aim to deceive unsuspecting investors by replicating legitimate projects, potentially leading to financial losses. Additionally, FUD (fear, uncertainty, and doubt) and misinformation continue to be formidable challenges within any crypto community. Misinformation can propagate rapidly, inciting panic and influencing market trends negatively.
Regarding this matter, the stringent guidelines set by moderators serve as a protective shield, guarding against potential risks that may arise in any cryptocurrency ventures.
SHIB price jumps
presently, as I am typing this, Shiba Inu is experiencing an upward trend in sync with the broader cryptocurrency market; it has gained 1.17% over the past 24 hours, and its current price stands at approximately $0.0000138.
Over the weekend, the cost of Bitcoin climbed significantly, reaching its peak since early September, as investors became increasingly optimistic that the Federal Reserve’s impending meeting might result in an extra-large interest rate reduction.
As an analyst, I’m excited to share that I’m closely monitoring the developments in the Shiba Inu ecosystem. The significant update for Shibarium, their anticipated blockchain platform, is scheduled for 2:30 a.m. ET on Friday. This upgrade includes the Bor upgrade (v1.3.7) and Cancun hard fork, which are designed to enhance performance, security, and scalability. These improvements should position Shiba Inu well for future growth and adoption.
On Friday, the Puppynet hard fork will enable Shibarium to enhance its speed, security, and efficiency, making it possible for an expanded array of decentralized apps and services. This upgrade is expected to take place at block number 4697000.
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2024-09-14 14:24