"SHIBA Predictions for September and October 2023"

Historically, October has been a month full of optimism for crypto assets, including Shiba Inu. In 2021, SHIB reached its highest price this month and saw an overall increase of 830.14 percent.

In contrast, September and November 2022 are sluggish months. However, this asset printed a green candle in October and experienced an increase of 10 percent.

According to CoinCodex analysis, SHIB is expected to have a price of around US$0.00000703 on September 30, 2023, marking a decline of 4.09 percent from its current price of US$0.00000733.

However, on a monthly basis, SHIB is expected to reach US$0.000008170 before possibly experiencing a correction to around US$0.000007833 on October 31, 2023, which is an increase of 6.86 percent from the current price.

Watcher News reports that, it is important to note that there is currently one major resistance cluster with a price range from US$0.000008 to US$0.000014 for SHIB.

In this span, nearly 290 trillion SHIB tokens have been purchased by approximately 417,000 addresses. Therefore, investors need to be extra careful once SHIB surpasses the US$0.000008 level. [st]

$SHIB

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SHIB Burn Rate Soars 286 Percent, What is the Impact on Shiba Inu Token Prices?

In an unexpected surprise, the burn rate of Shiba Inu (SHIB) has witnessed a significant increase after a recent period of decline last week.

A well-known SHIB burn data tracker in the crypto community, Shibburn, recently reported an increase in the SHIB burn rate of 286.9 percent in the last 24 hours.

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SHIB Burn Rate Soars 286 Percent
According to the latest data released by Shibburn, 177 million SHIB tokens have been burned in the past 24 hours.

These tokens are the result of 12 separate transactions, highlighting the Shiba Inu team's ongoing commitment to reducing the circulating supply of SHIB.
In fact, the team has redoubled their efforts in token-burning recently, with over half a billion tokens being wiped out of circulation for good. According to Coin Edition's report, one of the most interesting aspects of this development is the ongoing debate within the crypto community regarding the impact of Vitalik Buterin's SHIB burn on the price of this meme token.
Shibburn has been actively involved in discussions on this topic, asserting that Buterin's decision to burn 90 percent of the SHIB tokens awarded to him has played a significant role in the growth of this Dogecoin competitor.

To support their argument, Shibburn provided an overview of the price chart, proposing that if Buterin chose to sell the tokens rather than burn them, the price would jump to US$0.0004225, a significant increase from the current record high of US$0.00008845.

The recent spike in SHIB burn rate can be attributed to broader market trends. After experiencing a long period of decline, many cryptocurrencies, including SHIB, have struggled to regain momentum.

$SHIB

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MicroStrategy Acquires Thousands of Bitcoins Again, Here's the Total Amount in Its Latest Purchase

On Monday (25/9/2023), MicroStrategy announced the purchase of 5,445 Bitcoin units worth US$147.3 million. The company made purchases at an average price of around US$ 27,053 per token. This purchase was made in the period between August 1, 2023 to September 24, 2023, as reported by MicroStrategy Co-Founder, Michael Saylor on Twitter.

More Profitable Bitcoin Conversion for holders

Apart from the purchase made by Michael Saylor, there is some debate regarding the conversion of Bitcoin to US dollars and rupiah. According to Suara.com, there are several considerations you need to think about when choosing whether to convert Bitcoin between these two currencies. Here are some things to pay attention to:

Current Bitcoin Price

First of all, it is important to monitor the current price of Bitcoin. If Bitcoin prices are high, then converting to IDR may be more profitable because you will get more rupiah for each Bitcoin converted.

Exchange Rate Fluctuations

Bitcoin exchange rates against IDR and USD can fluctuate rapidly. If you convert Bitcoin to IDR and then the rupiah exchange rate weakens against USD, you may feel disadvantaged. Therefore, it is necessary to consider the stability of the currency you choose.

Conversion Costs

Always consider the fees charged by the platform or exchange service when converting Bitcoin. These fees can vary between services, and lower fees can increase your profits.

Purpose of Money Exchange

What do you want to achieve with the Bitcoin conversion proceeds? If you need to use money in local currency (IDR) for local transactions, then converting to IDR may be more practical and make daily transactions easier. However, if you are planning international investments or transactions, then USD may be more useful as it is more widely accepted on a global level.

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SHIB Price Could Be Raised UP If It Breaks This Level

Shiba Inu (SHIB) is currently a hot topic in the crypto world due to its price moving around a key point, and a group of investors holding 5.5 trillion tokens.

This group has attracted the attention of investors and analysts, sparking discussions about its potential implications for SHIB's future price movements.

SHIB Price Fate

According to a report by U Today, the group of investors holding 5.5 trillion SHIB represents a crucial point for this memecoin. This indicates a concentration of SHIB tokens at a certain price level, resulting in unique dynamics in the market.

To understand its significance, we need to introduce the concepts of In the Money (ITM) and Out of the Money (OTM).

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An ITM address is an address where the current price of SHIB is higher than the average cost at the time the token was purchased.

In contrast, an OTM address is one where the current price is lower than the acquisition cost. This metric considers the proportion of prices in the range of about 15 percent.

Investor groups holding 5.5 trillion SHIB indicate that there is minimal resistance to the SHIB price. With fewer holders in this range, SHIB may have an easier time breaking out and climbing higher.

Currently SHIB is valued at around US$0.00000744, this memecoin could experience a significant surge in value, given favorable conditions.

"Surge in Whale Activity"

An additional factor contributing to the speculation surrounding SHIB is the surge in whale activity. Large transactions, often referred to as whale activity, have increased by 500 percent, as reported by data from IntoTheBlock.

Historically, when whales are active during periods of low market volatility, this indicates that they accumulate more assets.

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Can These Two Cryptos Outperform Ethereum During the Next Bull Run?

In this article, we will explore the unique offerings of these two tokens and analyze which is the best cryptocurrency to invest in in 2023.

Ethereum (ETH) Price Analysis, Can It Be Reliable This Year?

Ethereum (ETH) has seen its price decline recently, dropping by 2,043 percent in four days, falling from US$ 1,622 on September 17 to US$ 1,589 on September 21.

A number of pessimistic analysts are warning that Ethereum's decline below the critical support level of US$ 1,600 may be a sign of the start of a long downward trend in the near future.

An anonymous large Ethereum holder had moved a large amount of 30,000 ETH tokens, worth around US$ 50 million from September 18 to September 21 to various crypto exchanges. This activity has raised concerns about increased selling pressure on Ethereum.

Solana (SOL) Price Outlook: Heading for a New Top or a Sharp Drop?

The price of Solana (SOL) has experienced a recent price increase, rising by 4.40 percent in seven days, from US$ 18.84 on September 14 to US$ 19.67 on September 21. Its impressive market capitalization ranking, which ranked Solana at 10th with a value of US$ 8.1 billion as of September 21, has contributed to its positive momentum.

Optimistic Solana supporters anticipate that the token will maintain its upward trend and reach levels above US$ 23 in the next two weeks. Visa's announcement of its partnership with Solana on September 5 was a game-changing development and cemented SOL's status as one of the best altcoins for investment consideration.

Meanwhile, Solana's pessimistic predictions show a potential decline below the US$ 17 level in early October. This pessimism has to do with the imminent liquidation of FTX's large, FTX-linked SOL holdings.

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BTC Price Predicted to Increase to US$100,000, Here's the Reason

MONEY IDEAS - In the ever-changing world of crypto, enthusiasts and investors are always looking for insight into the future of the price of Bitcoin (BTC).

Crypto Rover, a well-known influencer in the crypto community, recently created a stir with a bold prediction that the price of BTC could soar to US$100,000.

His prediction is based on the increasing hype around spot Bitcoin ETFs and the entry of traditional financial giants into the crypto space.

BTC price predicted to reach US$100,000

According to a Coin Edition report, Crypto Rover shared its optimistic view on Bitcoin's price path.
His optimism hinges on the potential advantages that spot Bitcoin ETFs offer, including tax benefits and the ability to use leverage, making them an attractive prospect for institutional investors such as pension funds and family offices.
The involvement of traditional financial players in the crypto market through spot Bitcoin ETFs has the potential to inject large capital and increase market liquidity.

Crypto Rover suggests that this development could spike the price of BTC to US$40,000 in the next few weeks and possibly exceed US$100,000 in the long term.

Crypto Rover's optimism was reinforced by a report from Bloomberg, which estimated the total market size for spot Bitcoin ETFs could reach an impressive US$150 billion.
Drawing parallels with the gold ETF market, Bloomberg Intelligence proposes that if financial advisors in the US allocated just 0.5 percent of the US$30 trillion in assets they manage to Bitcoin ETFs, it would create a market worth US$150 billion.

At the time of writing, Bitcoin was trading at US$27,101, with a market capitalization of US$528 billion and daily trading volume of US$13.2 billion, according to CoinMarketCap data.
While the US$100,000 prediction by Crypto Rover may seem ambitious, it reflects the growing optimism and excitement within the crypto community regarding the future of Bitcoin prices.

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