The cryptocurrency market is currently experiencing a gradual growth phenomenon. With Bitcoin touching $60,000, the market is recovering and is helping other altcoins including Shiba Inu to achieve their highest price levels.
Given that the cryptocurrency market is turning things around, here’s how Shiba Inu (SHIB) and Dogecoin (DOGE) are rising.
Shiba Inu Price Forecast (End of September)
Shiba Inu is currently one of the most popular currencies on the market. The cryptocurrency token does its best to keep its ecosystem constantly populating with new developments.
With the launch of SHIB DeFi, SHIB Marketplace, and SHIB Socials, the token is also creating new milestones by updating its roadmap to improve investor sentiment in the long term.
According to CoinCodex, Shiba Inu will rise to new highs by the end of September 2024. The token will surge 37% to reach a new price level of $0.0001820.
However, by mid-October, SHIB could drop to the $0.00013 price level again.
"According to our current Shiba Inu price prediction, the Shiba Inu price is expected to drop by -0.51% to $0.00001288 by October 16, 2024. The current sentiment is bearish according to our technical indicators, while the Fear & Greed Index shows 33 (Fear). Shiba Inu has recorded 15/30 (50%) green days in the past 30 days, with a price volatility of 4.49%. According to the Shiba Inu prediction, now is not a good time to buy Shiba Inu."
Dogecoin price prediction for the end of September
Dogecoin is another well-known cryptocurrency that has carved out its own unique identity in the cryptocurrency world. Elon Musk often endorses Dogecoin, which leads to slight fluctuations in its price and trading volume.
However, Doge has recently encountered difficulties and has been unable to recover its previous price trend. This development has not yet affected the confidence of consumers, who still believe that the coin will surprise the market soon.
According to CoinCodex, Doge may experience turbulence again in the future and its price may plummet by 10% to the $0.88 level.
Doge will enter October in a similar price stance and could reach the $0.85 level on October 17th.
“According to our current Dogecoin price prediction, the price of Dogecoin is expected to drop by -13.68% to $0.085347 by October 16, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index shows 39 (Fear). In the past 30 days, Dogecoin has seen 16/30 (53%) trading days rise, with a price volatility of 4.36%. According to the Dogecoin prediction, now is not a good time to buy.”
