CoinMarketCap’s community survey received SHIB and DOGE price predictions for the end of October from cryptocurrency investors. Despite the massive depreciation, investors seem to remain optimistic on meme coins.
Crypto traders see Shiba Inu (SHIB) price at these levels in late October
SHIB found the opportunity to recover with the market preparing to complete the day above 3% green. Price aside, Shiba’s new game arouses great interest, especially among investors. Besides, the cryptocurrency community maintains their trust in the Shiba Inu. A new survey from CoinMarketCap showed that respondents were expecting bullish in the price of SHIB by the end of October.
6,167 respondents of the CMC survey predicted that the SHIB price would reach $0.000013 by October 31st. This represents 20 percent growth from current levels. In the meantime, let’s mention that Shiba is trading at $0.00001122. While most altcoins are up 3%, SHIB is up 5% in the last 24 hours at one point.
Dogecoin end of October price predictions
Dogecoin price has also been on the decline since 2021. However, investors remain optimistic that it will have a positive October. The CMC survey predicted that the DOGE price would trade at an average of $0.06748 by the end of October 2022. This estimate is based on votes from 1,043 community users. If the community’s prediction comes true, that would mean an increase in Dogecoin price of $0.00716 or 11.87.
Meanwhile, Dogecoin price forecast results for November are a little more optimistic. Based on 459 user games registered so far, the community predicts that the price will increase marginally by the end of November, trading at an average of $0.0678. Accordingly, we can see the price of Dogecoin at $0.00747 or 12.38% higher by the end of November.
So how close are SHIB and DOGE to realizing these predictions?
The bullish sentiment around SHIB follows weeks of significant correction along with interest in asset declining. Previously, lack of interest was attributed to lack of utility, a factor to which the development community has responded by making several attempts to correct it. While SHIB’s DeFi platform hasn’t risen as expected, the token is drawing optimism from its entry into NFTs and playgrounds. cryptocoin.com In this article, we have conveyed the latest developments from new projects.
In particular, the SHIBOSHIS project, a Shiba Inu NFT collection that will allow investors to produce NFTs and actively participate in VR games, has received increased attention from the community. However, despite its rising community outlook, SHIB has been weighed down by other factors, such as its inability to attract users to the DeFi platform ShibaSwap. Notably, ShibaSwap’s locked aggregate value (TVL) has seen a steady decline in recent weeks.
Dogecoin, on the other hand, has lost more than 30% since August in terms of market cap. The bulls have failed to push the price higher, except for short-term rallies. As a result, there is a good chance that exiting investors will be cornered. If the bulls fail to hold support above $0.06, a significant drop is likely on the horizon. The analyst says $0.053 is critical as short-term support.
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