Shiba Inu prices seem to have got a respite after a continuous push for more than two weeks. This pressure is not unique to SHIB, as bitcoin price is trading at $20,796, down 2.2% in 24 hours, while ethereum price is trading at $1,527 after a decline of 3.3%. The most popular meme coin, DOGE is also in the red and is trading at $0.081 after a 5.5% correction in 24 hours.
Shiba Inu Price Rally Stalls as Investors React to DOJ’s Crypto Enforcement Action
Following a major announcement from the United States Department of Justice on international cryptocurrency enforcement action, investors appear to be holding off on the aggressive action they have seen since the new year.
At a press conference held Wednesday afternoon, Deputy Attorney General Lisa Monaco, along with other speakers, included Kenneth Politte Jr. from the DOJ’s Criminal Division, US Attorney for the Eastern District of New York Brian Peace, Deputy Secretary of the Treasury Wally Adeyemo and Brian Turner was involved. , the FBI’s associate deputy director, said that he found Bitzlato Ltd. has arrested its founder and charged the firm with money-laundering.
Bitzlato was ordered to cease operations with immediate effect, with founder Anatoly Legkodimov extradited to the US. The move was meant to ensure that all of Legkodimov’s ties with Russia were severed.
Deputy Attorney General Lisa Monaco acknowledged that the move came after coordinated enforcement actions between French and US authorities, including the FBI, thus disrupting “a busy corner of this criminal ecosystem”.
Bitzlato has been on the radar of the Treasury’s Financial Crimes Enforcement Network (FinCEN), which labeled the firm as a “primary money-laundering concern,” sufficient to separate any business from the global financial system. Deputy Secretary of the Treasury Wally Adeyemo said the label classifies the exchange as an “international untouchable”.
The crackdown on the little-known exchange has been seen as the most notable action taken by the US against a criminal crypto network. The crypto market reacted with an immediate decline for almost 24 hours.
Shiba Inu Price Rally Will Continue
At the time of writing, the Shiba Inu price saw a net gain of over 34% in two weeks and 37% per month trading at $0.00001112. Following the DOJ enforcement action, SHIB retreated from the ten-week high of $0.00001291.
Contributing to the increasing selling pressure is the 200-day exponential moving average (EMA) (in purple) at $0.0000118. Shiba Inu price needs to hold above this seller congestion area to pave the way for another move towards $0.000014 as it moves towards $0.000018.
This decline seems to be just but temporary, especially as the Moving Average Convergence Divergence (MACD) indicator is trending above the mean line (0.00). Investors should keep in mind the MACD (the line in blue) which maintains a buy signal sent when it crosses above the signal line (in red).
Moreover, the Money Flow Index (MFI) shows that buyers have the upper hand and the Shiba Inu prices are likely to continue to witness an upward trend. businessmen are thinking dip buy SHIB may want to wait for the price to bounce off the support provided by the buying crowd at the upper boundary of the descending trend channel, or $0.00001.
a recent report from Nanase Turns out that SHIB is a buying favorite among newly funded crypto wallets, with the move being largely “attributed to the announcement of their L2 network.”
Shiba Inu Price Has Bullish Outlook But These Altcoins Can Give Big Returns
Investors should consciously choose the components of their crypto portfolio as the new year begins and ensure they have the best risk management measures in place. One way to do this is to seek exposure to tokens in their pre-sale stages.
In addition to buying booming altcoins at bargain prices, investors have the chance to be an early adopter in projects that could shape the future of crypto.
Meta Masters Guild (MEMAG): Buy Play-to-Earn Crypto in Q1 2023
Investors interested in emerging play-to-earn (P2E) and play-and-earn crypto can start by considering the Meta Masters Guild (MMG). Describing itself as the first mobile-focused Web3 gaming guild, the ecosystem hopes to offer high-quality blockchain-integrated games that people enjoy spending time on.
meta master guild An edge over existing P2E platforms like Axie Infinity, The Sandbox, and Decentraland by releasing games that people want to play and not just make money from. However, there will be plenty of avenues for community members to earn, including rewards for playing games, creating games with teams, supplying in-game assets, creating content, and participating in events.
Players of the world’s first mobile-centric Web3 gaming guild will earn a currency called Gems. These tokens are versatile as they allow the player to swap them with MEMAG, the platform’s native token, which can be staked for more rewards. Some users can buy in-game NFTs with gems or cash out by exchanging them with other cryptos like ETH.
The Meta Master Guild is already in Phase II of the Pre-Sale having raised $651k. Investors are buying 1 MEMAG for $0.01 but this price is time-limited and will increase soon.
Now go to the Meta Masters Guild.
FightOut (FGHT): The Future of Move-to-Earn
FightOut is a new crypto project that hopes to redefine the fitness lifestyle keeping in mind the Web3 era. It’s a Move-to-Earn (M2E) app with gym chains that transform the fitness lifestyle. Users in the ecosystem are rewarded for completing predetermined workouts and challenges while earning badges and growing within the dynamic community.
A tokenized economy will help drive the ecosystem where users earn FGHT tokens for completing M2E tasks.
Unlike existing move-to-earn crypto ecosystems like STEPN, users on FightOut will not need expensive NFTs. Instead, FightOut Web2 uses ingenious technical solutions with digital avatars to ease viewers into the metaverse.
The FightOut team is pleased to announce the first CEX listing for FGHT on the LBank Exchange with $3.05 million raised to date.
C+Charge (CCHG): Enabling wider access to carbon credits industry
C+Charge is a new crypto project that is likely to generate interest among EV drivers and others looking to support a clean planet. The team behind C+Charge believes that every EV driver should be able to reap the perks of the carbon credit industry.
That’s why C+Charge is building an end-to-end mobile application to meet the charging needs of electric vehicle drivers. The app will manage payments at charging stations apart from other key features like carbon credit tracker, payment options, charging station locator, and real-time charger waiting time.
Using Web3 solutions, C+Charge will allow users to create NFTs with all carbon credits. Meanwhile, the payment will be done through CCHG, the native token of the ecosystem.’
C+Charge is releasing CCHG in a pre-sale that has raised over $320k since its first listing on the crypto exchange.
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