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Shiba Inu edges up 1.16% amid Fed rate decision uncertainty, outperforming major cryptos.

29 Oct 2026, 00:15 WIB
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Neutral
Shiba Inu edges up 1.16% amid Fed rate decision uncertainty, outperforming major cryptos.

Shiba Inu (SHIB) rose 1.16% to $0.00000492, outperforming Bitcoin, Ethereum, XRP, and Cardano as the market awaits the Federal Reserve's rate decision. The price hovered near key levels of $0.00000485 (30-day low) and $0.0000050 (session high), showing sideways movement over the week and a slight downward trend over 30 days. Unlike large-cap cryptos influenced by institutional funds, SHIB's price is less affected by the Fed decision due to its lack of spot funds and institutional holders. Futures data indicate no strong leveraged positions, suggesting limited momentum for a breakout or breakdown. Investors are advised to watch key price levels and holding periods for tax implications, especially in Germany where sales after one year are tax-free. The market remains neutral with a fear and greed index at 51, indicating no strong directional bias.

As of Oct 29, 2026 04:31 WIB, Shiba Inu (SHIB) is trading at Rp0,0906 on Pluang, showing a 3.05% increase in the last day, outperforming Bitcoin, Ethereum, XRP, and Cardano in daily gains. SHIB's market cap stands at Rp53,13 trillion with a 24-hour trading volume of Rp1,2 trillion, while typical holding time on Pluang is 107 days. This notable daily rise contrasts with the article's mention of SHIB price levels in USD, highlighting active interest on the platform.

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