U.Today – Top Three News Stories

Shiba Inu (SHIB) on Verge of Price Tripling This Month

Today marks the beginning of October, known as "Uptober" in the crypto community due to its potential for positive price movements. Historical data from CryptoRank suggests that the dog-themed token SHIB could see its price triple this month, with an average return of 283.4% in previous Octobers. In October 2021, SHIB surged by 833%. If this trend continues, SHIB might reach $0.000075, a level not seen since its earlier days.

XRP Scores Highest Weekly Close of 2024, Will SEC Spoil This Rally?

XRP achieved its highest weekly close of the year, ending above $0.64 on Binance. Currently priced at $0.601, XRP holds a market cap of $33.9 billion, ranking seventh among cryptocurrencies. This milestone is viewed positively after challenging the $0.60 resistance following the Ripple court ruling. However, concerns arise about the approaching Oct. 6 deadline for the SEC's potential appeal, which could impact XRP’s price, although any changes in ruling may take time.

Key Reason Why Bitcoin Might Have Massive Q4

Following a notable recovery in September, Bitcoin may record significant gains in Q4 of 2024. Analyst Eric Crown noted that Bitcoin typically enjoys a positive fourth quarter after closing September in green, with an average return of 170%. Despite a peak of $66,508, Bitcoin opened the new week around $64,000, remaining over 8% up for the month. Glassnode's analyst James Check reported neutral market momentum for Bitcoin, aligning with favorable trends in gold and equities.

This article was originally published on U.Today