October Crypto Predictions

Hey Crypto Geeks ??

Voice of Crypto's Weekly Newsletter?

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Here’s what we’ve got for you:

• Market Pulse
• Biggest Web3 Stories
• Top Video of the Week
• Featured Web3 Events

Market Pulse?

On Friday, October 6th, the cryptocurrency market took a bearish turn as market participants exercised caution in anticipation of the weekend. This market decline was predominantly propelled by price drops in the majority of cryptocurrencies.?

However, the cryptocurrency market's fear and greed index remained steadfast at 43, indicating a neutral sentiment on Friday. ??

In terms of cryptocurrency prices, Bitcoin experienced a marginal 0.12% decrease, trading at $27,548 at the time of reporting. Its trading volume over the past 24 hours surged by 11% to reach $11.59 billion. Meanwhile, Ethereum's price dipped by 0.39% compared to the previous day, settling at $1,627.31, with its trading volume seeing a 13% increase, totaling $5.17 billion.?

In the realm of meme coins, Dogecoin saw a slight price increase of 0.25%, trading at $0.06109. Conversely, Shiba Inu's price plunged by 0.48% to $0.000007178.

The overall market capitalization of cryptocurrencies felt the weight of the decline in most major coins on Friday. At the time of reporting, the global cryptocurrency market cap had decreased by 0.28% to $1.08 trillion, while its trading volume over the last 24 hours had risen by 5% to $25.32 billion. ????

Biggest Web3 Stories

5 Top Crypto, Web3, Blockchain Predictions for October 2023

• Bitcoin has only had two bad Octobers since 2013, so it is typically a good month for the cryptocurrency.
• Ethereum is heading for a retest of an ascending trendline, and may finally be ready to enter a rebound and rally massively.
• Cardano is expected to break out in Q4 and rally straight up to a target range of $1.1 to $1.25.
• XRP has the potential to hit its all-time high of $5.85 soon.
• Polkadot is holding out above the $4 psychological resistance, and may soon see a breakout to the upside as it tries to reclaim $8.? Read more

US Government Will Lead The Next Bitcoin Bull Run: Arthur Hayes

• The US government’s efforts to combat inflation and recession could cause the next bull run.
• Bitcoin’s relatively scarce supply makes it immune to all kinds of liquidity injections.
• The next BTC bull run could be stellar, as investors flock towards Bitcoin to protect their wealth from the declining value of the US dollar.
• Bitcoin’s price action appears bullish, and it is now trading atop most of its major EMAs.
• Bitcoin is now properly poised to hit the $30,000 zone again. Read more

5 Top Cryptocurrencies to Watch in October: BTC, ETH,SOL, MKR, ADA

• Bitcoin has historically performed well in October.
• Ethereum is bullish and could face resistance at $1,750.
• Maker (MKR) has been bullish and could rally further in October.
• Solana broke out from a descending channel and could approach $30.
• Cardano is stuck in a descending triangle but could rally by 60% if it breaks out to the upside. Read more

Shiba Inu’s Negative Correlation With Bitcoin Can Affect Shib Price in October: Here’s How

• Shiba Inu and Bitcoin are negatively correlated, which means when one goes up, the other goes down.
• This is likely due to the launch of Shibarium, a new layer-2 solution for Shiba Inu.
• Shibarium has seen its market cap and number of transactions hit new all-time highs since its launch.
• The Shiba Inu burn rate has also skyrocketed, with nearly half a billion SHIB burned in the last week.
• Shiba Inu is currently in a descending triangle formation, and a breakout is likely in October. Read more

VOC Top Video of the Week

Voices of Web3: Decentralized Finance Unleashed With MakerDAO CEO Rune Christensen?

Rune dives into why Solana is emerging as a promising choice for MakerDAO and other cryptocurrencies, shedding light on the exciting developments in the blockchain world. Learn about the critical factors contributing to MakerDAO's impressive achievement of reaching $1 billion in Total Value Locked, and what it means for the DeFi landscape. Get a glimpse into the intriguing story of MakerDAO, its evolution, and how it has become a cornerstone of the DeFi movement.? Watch to know more

????????????????????????Featured Web3 Events

Zebu Live 2023: The Future of Web3 Unfolds in London This October!

Zebu Live, the UK’s most anticipated Web3 event of the year, is back and set to take London by storm on October 5-6. This two-day extravaganza promises to bring together over 3,000 of Web3’s finest, offering unparalleled networking opportunities, industry-defining conversations, and a showcase of the future of Web3. Read more

That’s a wrap for today!

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