Major cryptoassets have seen their all-time highs this month in the past, as markets remain hopeful for a sharp recovery in October. As it will be remembered in 2021, the crypto money market, especially Bitcoin, showed a very optimistic outlook and recorded peak levels immediately after. Traders with similar hopes can focus on these three cryptoassets in October 2022.
Koinfinans.com As we reported, hopes aside, one year later, in October, investors continue to be worried due to the harsh and ongoing bear markets. Leading cryptoassets fell for nine months with no sign of a return to normal. However, the crypto markets are still lucrative as the favorite cryptocurrencies hit their lows in almost two years.
Bitcoin (BTC)
bitcoin It is currently trading around $19,500 and despite a huge drop this year, it still hasn’t shown any signs of recovery. The leading crypto asset is notorious for its volatility and has the potential to swing in both directions proportionally in indices. BTC has been trading between $18,000 and $24,500 for three months due to macroeconomic factors.
Although a similar outlook is likely to continue in October 2022, BTC’s target for this month seems to be around $25,000. In addition to all these developments, a move above $25,000 is not very likely. Although BTC, which is traded around $ 19,000, will make a gain by visiting the $ 24,000-25,000 range in the coming days, it is unclear how solid this price level will be.
Ripple (XRP)
Although it has a course full of uncertainties Ripple‘s native token XRP has increased by 50% in the last 30 trading days alone and has defied the trend. XRP posted double-digit gains while the vast majority of crypto assets fell. According to media reports, the lawsuit between Ripple and the SEC is about to end, and these developments have resulted in increased interest from whales.
The development boosts investor confidence in Ripple, making it a crypto asset to watch closely in October 2022.
Shiba Inu (SHIB)
october month, shiba inu It was mostly recorded as a lucky month for In October 2021, SHIB became parabolic in the indices after climbing 1,000% in 30 trading days. It also reached an all-time high of $0.00008616 during this period. However, the Shiba Inu can’t contain the same enthusiasm in October 2022 as it is currently down 87% from its ATH.
However, Shiba Inu’s mobile video game, ShibaEternity, will be released on October 6, 2022. The game could allow SHIB to reclaim the news cycles this month and pull off the buying pressure. Additionally, Shibarium documents are scheduled to be released this month, which could give SHIB an increase in indices.
Download Day @shibaeternity #OCT622
Get Ready #ShibArmy 🎮 pic.twitter.com/vYiYAb8uma
— Shib (@Shibtoken) September 30, 2022
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.