Dogecoin

Bitcoin

Higher

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-drives-altcoin-prices-higher-as-market-shows-positive-trends/" data-wpel-link="internal">Bitcoin Drives Altcoin Prices Higher as Market Shows Positive Trends</a> 
Bitcoin ‘s price is set to rise starting from mid-October, which may boost <a href="https://en.coin-turk.com/illuvium-and-samsung-forge-a-strategic-partnership/" data-wpel-link="internal">altcoin</a> values as well. Many <a href="https://en.coin-turk.com/crypto-market-gains-momentum-with-bitcoin-btc-surpassing-30000-level/" data-wpel-link="internal">cryptocurrency</a> analysts predicted this trend, and BTC has indeed turned its direction upward as expected. It remains uncertain whether this upward movement will reverse like it did in the past six months, but this time, a genuine recovery could be underway. 
<h2 style="text-align: justify" id="xrp-and-shiba-coin-show-positive-movement">XRP and Shiba Coin Show Positive Movement</h2> 
The increase in BTC price has enabled altcoins to also achieve gains of up to 7%. As trading volume rises, the accelerating price movement has instilled hope among traders. Additionally, with three weeks left until the U.S. elections, historical trends indicate this is a period where cryptocurrencies are likely to perform well. If we are discussing a year-end rally, it should have started by now. 
As of the time of writing, <a href="https://en.coin-turk.com/the-current-state-of-cryptocurrencies-a-look-at-bitcoin-and-shiba-coin-dynamics/" data-wpel-link="internal">Shiba</a> Coin’s price is at $0.0000183, continuing the day with a 6.4% increase. Maintaining support at $0.00001595 is positive, and discussions have long suggested that Shiba could lead the way in rapid gains during a potential resurgence. Currently, traders are targeting the key parallel channel at $0.00002095 with closures above $0.00001877. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-397035 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-14_19-05-14.png" alt="" width="1815" height="836"> 
If the support of the parallel channel is regained, potential targets include $0.00002597 and the previous all-time high of $0.00002937. 
<h2 style="text-align: justify" id="dogecoin-doge-price-predictions">Dogecoin (DOGE) Price Predictions</h2> 
The situation for XRP Coin is less promising. Although it increased by 4%, the ongoing appeals process is discouraging. The earliest we will see Ripple respond to the SEC is by the end of January, indicating that the legal battle may continue for a year. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-397037 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-14_19-05-38.png" alt="" width="1814" height="836"> 
Staying at a bottom level of $0.522 for a prolonged period, XRP Coin could see new movement if it regains its base at $0.58, potentially reaching $0.64. 
The largest meme coin by market value, Dogecoin (DOGE), has recently shown unusual volatility. The trend of major altcoins like DOGE leading the charge in rallies suggests a motivational signal against the trend. At the time of writing, DOGE is above $0.115. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-397038 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/DOGEUSDT_2024-10-14_19-07-38.png" alt="" width="1814" height="836"> 
Current targets include closing above $0.13 to aim for $0.152, followed by a rally zone between $0.18 and $0.23. Bitcoin’s price is currently above $65,800, and the overall positivity in altcoins could be supported by a calm macro environment this week. 
The post <a href="https://en.coin-turk.com/bitcoin-drives-altcoin-prices-higher-as-market-shows-positive-trends/" data-wpel-link="internal">Bitcoin Drives Altcoin Prices Higher as Market Shows Positive Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Drives Altcoin Prices Higher as Market Shows Positive Trends

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