SHIB is gearing up for a big October. This is because Shiba Eternity and Shibarium are probably live at the beginning of Q4. Analysts predicted a rise in Shiba Inu forecasts for September as the Shibarium Layer 2 and SHIB game approached. So there will be intense interest around SHIB this month.
Shiba Inu (SHIB) price predictions for October 2022
According to analysts, the SHIB price will potentially surpass new buyers due to the updates that will go live in October. Analysts are expecting for the end of 2022, that SHIB will reach a maximum of $0.00001448. If the hype for the Shiba Inu continues this month, SHIB price could climb above the $0.0001121 or $0.0000013 resistance. This area was Shiba’s highest in September. It’s hard to predict if SHIB will ever reach the $0.000017 peak that it traded in the summer. But analysts say it’s possible.
A safe estimate for the Shiba Inu in October is for the price to be around $0.0000135. The meme token will try to protect itself from lower levels throughout the month. On the other hand, the excitement in the SHIB community sets the stage for a productive October.
Bitcoin (BTC)
Bitcoin is currently hovering around $19,500. The leading crypto has been fluctuating between $18,000 and $24,500 for three months due to macroeconomic factors. According to the analyst, we can expect BTC to retest the $25,000 levels in October. However, higher highs are unlikely as investors fear corrections when the price rises. The $19,000 to $24,000 region will serve as quick short-term gains in October 2022. BTC has the potential to yield good returns, however, with a timing of between $19k and $24,000.
Ripple (XRP)
Ripple challenged market trends in September as it rose 50% in 30 trading days. However, with most of the market trading in the red, XRP rose in the double digits on the indices. According to the latest news, the Ripple and SEC lawsuit is coming to an end. A large number of whales are switching to XRP as the lawsuit seems to be in their favour.
These developments increase investor confidence in Ripple. Thus making XRP the crypto to watch out for in October 2022.
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