Shiba Inu May Gain Momentum Amid Emerging Altcoin Season and Increased Scam Risks, Experts Caution
2025-07-20 14:49:34
Main Idea
Shiba Inu (SHIB) is gaining momentum amid an emerging altcoin season, driven by Shibarium adoption, while scam risks increase with rising Ethereum gas fees and market activity.
Key Points
1. Shiba Inu (SHIB) is positioned for growth during altseason, supported by the adoption of Shibarium, a layer-2 scaling solution, and the utility of tokens like BONE and LEASH.
2. SHIB's price has risen 1.31% in the last 24 hours, continuing an upward trend, with potential for further surges as altseason progresses.
3. Ethereum gas fees are expected to spike during altseason, creating challenges for retail traders and increasing scam risks, prompting community warnings.
4. Community-led initiatives like Susbarium are emphasizing education and security measures, such as hardware wallets and two-factor authentication, to combat scams.
5. The article also mentions unrelated cryptocurrency news, including Bitcoin ETF inflows, market dominance shifts, and individual trader activities, which are not directly related to SHIB's momentum.
Description
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