Shiba Inu before Wednesday's Fed decision: what matters now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The US Federal Reserve decides at 7 p.m. on Wednesday, and Shiba Inu sits at $0.00000486 with a daily turnover of just 1.85 percent. Why a thin order book makes the date riskier for SHIB than for Dogecoin, and which two levels count until then.On Wednesday, October 28, the US Federal Reserve announces its rate decision at 7 p.m. German time, with the press conference following at 7:30 p.m. For Shiba Inu this is not a news event with a headline of its own, but the moment that settles how much risk the market will carry over the coming weeks. The meme coin stood at $0.00000486 on Monday afternoon, up 0.26 percent in 24 hours and down 4.03 percent on the week, according to CoinGecko data. What matters about this date is not the rate itself. It is the question of how hard a coin reacts that, with $53.1 million in daily turnover, ranks among the quietly traded names in the top 40. This article works out how thin trading in SHIB really is next to Dogecoin and PEPE, why Shiba Inu is af...