The cryptocurrency market is currently experiencing a gradual growth phenomenon. With Bitcoin hitting $60,000, the market is recovering, helping other altcoins, including Shiba Inu, achieve record highs.
Considering that the cryptocurrency market is currently turning the tables, here’s how High Shiba Inu (SHIB) and Dogecoin (Doge) could rise.
Shiba Inu price forecast (end of September)
Shiba Inu is currently one of the trending coins on the market, and the cryptocurrency token is leaving no stone unturned to keep its ecosystem thriving with new developments.
With the launch of SHIB DeFi, SHIB Marketplace and SHIB Socials already scheduled, the token is also marking new milestones with an updated roadmap to improve investor sentiment in the long term.
According to CoinCodex, Shiba Inu is expected to rise to new highs by the end of September 2024. The token will surge 37% and reach a new $0.0001820 price level.
However, by mid-October, SHIB may again plummet to the $0.00013 price level.
“According to our current Shiba Inu price forecast, Shiba Inu price is predicted to fall -0.51% to $0.00001288 by October 16, 2024. According to our technical indicators, current sentiment is bearish with the fear and greed index reading 33 (fear). Shiba Inu has recorded 15/30 (50%) green days with a price movement of 4.49% in the past 30 days. Based on the Shiba Inu forecast, now is a bad time to buy Shiba Inu.”
Dogecoin price prediction for the end of September
Dogecoin is another notable cryptocurrency that has carved out its own identity in the cryptocurrency world. Elon Musk has frequently endorsed Dogecoin, causing slight fluctuations in its price volume.
However, Doge has been struggling lately and has not been able to recover from its previous price pace. This development has yet to deter consumer sentiment, who still believe the token will wow the market in the near future.
According to CoinCodex, Doge may plummet 10% going forward to hit $0.88 price levels, potentially leading to another volatile end.
Doge is also entering October with a similar price stance and could be trading at $0.85 levels by October 17th.
“According to our current Dogecoin price prediction, Dogecoin price is predicted to fall -13.68% to reach $0.085347 by October 16, 2024. According to our technical indicators, current sentiment is bearish with the Fear and Greed index reading 39 (Fear). Dogecoin has recorded 16/30 (53%) green days with a price movement of 4.36% in the past 30 days. Based on Dogecoin prediction, now is a bad time to buy.”
