U.S. inflation came in at 8.2% in September, which is higher than the 8.1% consensus expectation. Solana was in the red as well, as the token also hit a multi-month low.Shiba inu dropped to a four-month low on Thursday, as markets reacted to the latest U.S. inflation report.
As a result of this, SHIB/USD fell to an intraday low of $0.000009385, which is nearly 8% lower than yesterday’s high of $0.00001025.Today’s bottom is the lowest level that the meme coin has traded at since June 21, and the low comes as a key support point was broken. Solana bulls were also mostly slaughtered in today’s session, as the token fell to its lowest point since June.
The move saw the solana fall below a floor of $30.40, hitting its weakest point since June 18 as a result.As seen on the chart, this latest decline pushed the 10-day moving average to cross over below its 25-day counterpart.
I think it makes no sense to spend usdt to buy such risky projects
One more dip to spend USDT on.
SHIBARMYSTRONG
that's why it's not worth spending USDT on memecoins
Not very fast, but I believe it will be better in the long run. The team really works hard. they are forming a partnership
But new project are not daring as shib.
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