As we shuffle into October, it’s time to turn our focus to the ever-entertaining industry of meme coins: Shiba Inu (SHIB) and Dogecoin (DOGE). With Bitcoin sitting around at $63K, the altcoin scene is also going fine. Both SHIB and DOGE have had their share of price wiggles recently, but can they kick it up a notch this month? This article discusses the numbers, and see what’s going on for famous furry tokens.
Shiba Inu
Currently, Shiba Inu is wagging its tail at around $0.0000201, enjoying a gentle rise in the last 24 hours. Now, September wasn’t exactly a wild ride for SHIB—more like a stroll through the park with a few minor bumps along the way. But with October almost there, the “Pumptober” hype might give SHIB the rise it needs.
However, not all forecasts are sunshine and rainbows. According to CoinCodex, Shiba Inu possibly going to face some turbulence this month. They predict a potential drop of about 11%, landing around $0.00001541 by October 26.
The numbers suggest that while we may see SHIB peak at about $0.00002397 early in the month, a dip could follow, leaving it to settle lower. With the current market sentiment in the “neutral” zone and the Fear & Greed Index at a steady 50, it seems to be a decent time to buy some SHIB. Remember, in the crypto world, fortunes can change faster than a cat video goes viral.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -0.11% and reach $0.00001541 by October 26, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 50 (Neutral). Shiba Inu recorded 17/30 (57%) green days with 4.06% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
Dogecoin
Currently priced at $0.128275 with a 24-hour trading volume of $1,466,880,018, Dogecoin has had a pretty rocky 2024. Sure, there have been a few moments of excitement, especially when Elon Musk gives it a shout-out. But those moments are fleeting.
CoinCodex isn’t too optimistic about Doge’s October either. They foresee a potential 13% drop, putting it at around $0.094946 by the 25th. The sentiment remains neutral with a touch of greed (index at 59), indicating mixed feelings among investors.
Over the last month, Dogecoin has seen about 57% of its days in the green, which is encouraging, but that volatility around 3.92%—reminds us to keep our helmets on while riding this rollercoaster.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -13.57% and reach $0.094946 by October 25, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 59 (greed). Dogecoin recorded 17/30 (57%) green days with 3.92% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
As we approach October, the cryptocurrency market is as unpredictable as ever. SHIB and DOGE fans are certainly hoping for a miracle (or at least a mild price surge) as they can join this month’s Pumptober festivities. But remember, the trading field is notorious for its rollercoaster-like volatility, so it’s wise to tread carefully.
Disclaimer
The information provided in this article is only for educational and informational purposes and should not be considered financial or investment advice. We are not licensed financial advisors. Always conduct your research and seek guidance from a certified financial professional before making any investment decisions.
