U.Today – Top News Stories

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

Today marks the beginning of October, referred to as “Uptober” in the crypto community for its potential positive price movements. Supporters of SHIB have noted that historical data from CryptoRank indicates the dog-themed meme token could triple in price this month. SHIB has an average return of 283.4% in October with a median return exceeding 10%. In October 2021, its price surged by 833%. If the anticipated surge occurs, SHIB could reach $0.000075.

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

XRP achieved its highest weekly close of the year, ending Sunday above $0.64 on Binance. With a market cap of $33.9 billion, XRP is now seventh among top cryptos. This milestone is a significant victory, particularly after struggling with resistance following an August court ruling in the Ripple case. However, the community is concerned about the SEC’s potential appeal on October 6, which could impact XRP’s price negatively, though changes in rulings are expected to take time.

Key Reason Why Bitcoin Might Have Massive Q4

After a solid recovery in September, Bitcoin may record significant gains in Q4 2024. Analyst Eric Crown noted that whenever Bitcoin closes September in green, it typically enjoys a positive Q4, with an average return of 170%. Despite a peak of $66,508, Bitcoin started this week around $64,000 but remains up over 8% for the month. Bitcoin’s market momentum is now neutral across multiple time frames, showing a strong correlation with gold and equities.

This article was originally published on U.Today