CandleFocus Will Shiba Inu (SHIB) Continue Rally in November?
2024-10-26
Author: Content Editor
The Shiba Inu coin has experienced a 12.12% decline in valuation and struggled to break through resistance. The Wall Street Journal reported that the US federal government is investigating Tether, the issuer of stablecoin USDT, for potential violations of anti-money laundering and sanctions laws. Tether denied the ongoing investigation, calling the article "irresponsible reporting." Following the news, Bitcoin's price and Tether dipped, and Shiba Inu declined around 4.16%. However, the Shiba Inu blockchain saw significant activity, with a dramatic increase in active accounts and daily transactions. Shiba Inu is still exhibiting an upward trend and could potentially experience a significant price increase with the potential "golden cross" formation. The outcome of the Tether investigation will determine the impact on the wider crypto market.
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