Cryptocurrency Prices Take a Dive: XRP Slows Down, Shiba Inu potential for further zero removal, Dogecoin at a critical point – Crypto News Summary
In the world of cryptocurrencies, October seems to hold a special place, particularly for Shiba Inu (SHIB). Historically, SHIB has performed exceptionally well in October, making it its most bullish month since its launch in 2021.
Over the years, SHIB has ended October green, with an average return of about 213.1%. This is a stark contrast to other months, with May coming in second with an average gain of around 61.6%.
The recent years have seen gains of 10.4% in October 2022, 6.04% in October 2023, and 2.46% in October 2024. While these returns vary, they indicate a uniform bullish trend in October overall. This track record fuels expectations for another significant rally in October 2025.
Market analysts and price prediction algorithms forecast a possible 150%+ rally leading into and during October 2025, potentially pushing SHIB’s price above $0.00004, more than doubling current prices.
However, the overall crypto market has taken a downturn due to economists anticipating lower chances of a July rate cut. This downturn has affected various cryptocurrencies, including Shiba Inu and Dogecoin.
Dogecoin, which recently surged to highs of $0.288 on Monday, a level it hadn't traded at since mid-February, is currently testing an important support level. This is critical for its short-term bullish momentum.
The collapse of XRP resulted in long positions getting wiped out. More than $21 million worth of XRP long positions were liquidated over the past hour. XRP, which is now down 12% from its record peak of $3.66, logged on July 18, suffered its worst daily loss since April, with a drop of approximately 8%.
The passage of stablecoin legislation in the U.S., such as the GENIUS Act, has boosted markets, including meme coins. However, Dogecoin's rise has now slowed.
In contrast to the potential gains for SHIB in October, the downturn saw XRP lose approximately 8% of its value, with the price dropping to $3.22 intraday.
If the trend continues, October 2025 could bring a stronger rally for SHIB. The recent surge in Dogecoin was likely fueled by talk of a spot ETF and a $500 million reserve build-up by mining firm Bit Origin.
As with all crypto predictions, these are probabilistic trends rather than certainties. It's essential for investors to approach these predictions with caution and conduct their own research before making investment decisions.
[1] Source for historical SHIB returns: [Link to source] [2] Source for SHIB's best month and recent gains: [Link to source] [3] Source for historical trends and blockchain improvements: [Link to source] [4] Source for market analysts and price prediction algorithms forecast: [Link to source]
- Despite the recent downturn in the crypto market due to economists' anticipation of lower chances of a July rate cut, October historically holds a special place for Shiba Inu (SHIB), with an average return of about 213.1% since its launch in 2021.
- Market analysts and price prediction algorithms forecast a possible 150%+ rally for SHIB leading into and during October 2025, potentially pushing its price above $0.00004, more than doubling current prices.
- While SHIB has shown a consistent bullish trend in October, other cryptocurrencies like Dogecoin have been affected by this downturn, with Dogecoin currently testing an important support level critical for its short-term bullish momentum.
- The passage of stablecoin legislation in the U.S., such as the GENIUS Act, has boosted markets, including meme coins, but Dogecoin's recent surge has now slowed.
- In contrast to the potential gains for SHIB in October, the downturn saw XRP lose approximately 8% of its value, with the price dropping to $3.22 intraday.
- The recent surge in Dogecoin was likely fueled by talk of a spot ETF and a $500 million reserve build-up by mining firm Bit Origin. However, like all crypto predictions, these are probabilistic trends rather than certainties.
- Investors should approach these predictions with caution and conduct their own research before making investment decisions in the complex world of cryptocurrencies, which includes coins such as Ethereum, Bitcoin, and tokens, as well as the broader finance and technology sectors.
