Shib Army Scam Alerts has sent a crucial alert to the Shiba Inu (SHIB) community, stressing the need for caution in the always-changing cryptocurrency scene.
Underscoring the need for ongoing awareness in the crypto realm, the alert posted on X contains the words “Protecting Communities from Scams, FUD, and Deception.”.
The tweet emphasizes the important role moderators on platforms like Telegram and Discord play in maintaining the community through their protection. Constantly alert, these moderators warn about phishing attempts, bogus ventures, and several dishonest strategies likely to cause significant financial losses.
Shiba Inu Battles Copycats
Copycat projects and impersonators trying to fool investors by mimicking real-world projects provide ongoing challenges for the crypto space. For gullible people, this dishonest activity could cause large financial losses.
Furthermore, incorrect information and FUD (fear, uncertainty, and doubt) are extremely dangerous, as erroneous knowledge can spread rapidly and cause market volatility. Controlling these dangers and safeguarding society require strict moderation policies.
At $0.0000138, Shiba Inu’s price is rising—up 1.17% in the past 24 hours. This rise coincides with the larger positive movement in the crypto market, supported by Bitcoin’s rising trend toward its highest point since early September.
Expectations of a significant rate reduction from the Federal Reserve at its next meeting fuel market optimism. According to related Shiba Inu news, Friday at 2:30 a.m. ET is expected to be the main upgrade for Shibarium.
Aimed at improving efficiency, security, and scalability, this update comprises notable improvements like the Bor upgrade (v1.3.7) and the Cancun robust fork.
Planned for block number 4697000, the Puppynet robust fork should increase Shibarium’s speed, security, and efficiency, therefore opening the path for a wider spectrum of distributed apps and services.
