The altcoin market is showing promising signs of an uptrend as several cryptocurrencies have surged positively in the last 24 hours. The king of crypto coins, Bitcoin, has successfully breached the $65K mark, which has ushered in a bullish price wave for all leading crypto altcoins. While Shiba Inu is up 22% at press time, Dogecoin has risen 10% in the process, and the whole Cardano has finally breached its critical price juncture of $0.40. Will Doge and ADA continue to surge this weekend?
Also Read: Shiba Inu Surges 22%: Why Is SHIB Up Today?
Altcoin Market Lights Up The Market With Bullish Price Surges
The altcoin market is currently basking in bullish market waves, as the domain is currently trading in green. Several cryptocurrencies have surged remarkably after spending months in consolidation. In the middle of this, Dogecoin has risen 10% in the last 24 hours. The token is currently sitting at $0.1211, finally breaking free of certain critical price hurdles that were keeping its price hostage and volatile.
At the same time, Cardano, which has spent months in consolidation, also broke out. ADA is currently trading at $0.41, up 6% in the last 24 hours. Investors at the moment are keenly exploring the recent market surges, reiterating the concept of “uptober” or “pumptober.”
A recent post by Lookonchain shared how Bitcoin tends to pump and surge in the month of October, ushering in green market trends for the entire domain.
September is usually bearish, while October tends to be bullish.
— Lookonchain (@lookonchain) September 3, 2024
Historical price data shows that from 2013 to 2023, $BTC declined in September during 8 of those years (73%) and rose in October during 9 of those years (82%). pic.twitter.com/dnzc3lowTa
Also Read: Solana October 2024 Price Prediction: Can SOL Hit $200?
Cardano (ADA) Weekend Price Analysis
According to CoinCodex, Cardano may spike an additional 16% to hit a new price mark of $0.47 by October 26.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 16.80% and reach $0.4725 by October 27, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 61 (greed). Cardano recorded 20/30 (67%) green days with 4.95% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”
By September 29, ADA may decline slightly to sit at the $0.40 price mark.
Dogecoin (Doge) Price Analysis
According to CoinCodex, Doge has finally breached past its crucial price levels to sit at the $0.12 mark at press time. CC predicts the token to plummet by October end to hit the $0.101729 price level.
According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -13.64% and reach $ 0.101729 by October 27, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 61 (greed). Dogecoin recorded 18/30 (60%) green days with 4.53% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.
By September 29, Doge can spike and surge to sit at the $ 0.118308 price mark.
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