Solana's (SOL) value is struggling to gain traction after failing to break over the critical $161 resistance level in the past two months.

Despite being in a downward trend all week, Floki (FLOKI) remains significantly bullish, according to a crypto analyst. Basing his analysis on similarities between past price movements, the analyst has outlined a master plan for Floki, predicting that the popular meme coin and Shiba Inu competitor is set for a 2,000% surge.

The Shiba Inu burn tracking website Shibburn recently revealed how many SHIB tokens were burned in September. The burn rate witnessed an impressive surge compared to the number of tokens burned the previous month.

The FTX $12.7 billion repayment is a bullish catalyst many never expected, considering the exchange's collapse was behind the 2022 bear market. With fresh liquidity to be injected into the crypto market, Binance Coin (BNB) and Solana (SOL) are altcoins to watch. Meanwhile, whales have been positioning themselves ahead of the upcoming bull run.

The cryptocurrency market is once again buzzing with speculation, particularly around Shiba Inu (SHIB). The popular digital asset has reached a critical support level, raising concerns that it could soon add another zero to its current price.

Shiba Inu's (CRYPTO: SHIB) sudden spike in prices thanks to positive macro data has traders hoping for more upside in Q4. What Happened: Shiba Inu is up 10% to $0.0000175 on Friday, outperforming its rival DOGE, which is up 5%.

Here's why SHIB's resurgence could continue in the short term.

Key Points:

If Bitcoin sustains its rebound above $60,000, investor sentiment is likely to improve and attract buyers to altcoins.

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Solana (SOL) saw a potential bearish shift this week, with prices dipping below the 50-day moving average (DMA) as geopolitical tensions between Israel and Iran intensify.

The company formerly known as Cypherpunk Holdings has bought more Solana tokens with capital recovered from FTX.

Solana (CRYPTO: SOL) meme coin Popcat (CRYPTO: POPCAT) is showing strength, prompting traders to predict more outperformance in the near term. What Happened: Crypto trader Altcoin Sherpa shared his forecast for Popcat, suggesting that the meme coin could witness a significant uptick in value within a week, or even just a few days.

Solana is trading above a crucial support level at $137 after experiencing a 17% correction from local highs around $160. This recent dip has left analysts and investors on edge, awaiting confirmation of the next price direction.

The mysterious Shiba Inu leader famous in the community under the pen name Shytoshi Kusama has surprised the SHIB army by adding radical changes to his bio section on the X platform, which has remained unfilled most of the time until now.

An unknown on-chain anomaly has hit Shibarium, a layer-2 blockchain rollup designed for the ecosystem around the popular meme-inspired Shiba Inu (SHIB) cryptocurrency.

The market keeps trading in the green zone, according to CoinStats.

Solana's (SOL) price has faced a tough time maintaining its upward momentum, particularly after repeated failed attempts to secure $161 as a support level over the past two months.

Solana (SOL) is navigating a challenging phase as it recently experienced a price drop from its monthly high of $161.62 to trading below $137. Within just 24 hours, the cryptocurrency recorded a decline of 4.48%.

Solana price jumped 2% during the Asian trading hours on Friday, currently trading at $139.7. This bullish turnaround reflects the market relief rally as Bitcoin attempts to hold the $60000 floor.

According to recent on-chain data, whale activity has been declining for Shiba Inu. Whales have transacted $26.6 trillion worth of SHIB tokens in the last day, indicating a gradual decline in the market power of these significant holders.

Shiba Inu (SHIB) has recorded an appreciable price surge following its poor start to the month. According to data, SHIB's price at the time of writing stood at $0.00001695, with a 5.78% uptick in the past 24 hours.

Although ‘Uptober' has yet to fulfill its promise for the majority of assets in the cryptocurrency market, it seems to have already started for Shiba Inu (SHIB), as evident in its rally that has seen it over 10% in just 24 hours, making it the second-best daily performer.

Bitcoin and other altcoins held steady after the Bureau of Labor Statistics published encouraging September nonfarm payrolls data. US nonfarm payrolls rebound Bitcoin (BTC) rose slightly to $62,500 while Solana (SOL) jumped by 3% to $140.

This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum had a difficult week and closed with a 10% loss.

Shiba Inu (SHIB) has faced a rough week, dropping 13% in value. Despite the decline, a group of whales has shown confidence in the leading meme coin, steadily increasing their holdings over the past few weeks.

The Shiba Inu meme cryptocurrency nabbed significant investor attention on Friday, fluctuating considerably after a 14% crash over the past week. Notably, the coin stretched its intraday gains to 5% recently despite the weekly charts showing a fall.

Investors have great expectations of Bitgert's upcoming announcement, and many believe this is the reason that will drive future growth. Solana Coin and Sui Coin have been prominent in the crypto market, but the rapid maturation of Bitgert might change this.

Shiba Inu Coin (SHIB) price, a popular meme coin, is anticipated to climb despite recent market setbacks. While the broader market undergoes minor corrections, Shiba Inu is making notable strides within the meme coin category, indicating robust growth trends.

The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.

Solana's price has seen a sharp drop of over 14% in early October, impacted by global geopolitical tensions

Financial institutions might prefer the SOL blockchain, but ETH remains much further ahead.

Solana (SOL) gained a Singapore dollar pairing on Upbit. The new listing arrives at a time of growing trading volumes for SOL, though with higher price volatility.

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI).

The Sygnum Bank report states how payment processing giants like Visa have been integrating Solana for USD Coin (USDC) settlement citing its “low costs” and “high throughput”.

Amid ongoing geopolitical tensions, the cryptocurrency market has recorded a significant correction in valuation this week. Moreover, top tokens have experienced a pullback toward their important support levels, indicating increased bearish sentiment in the crypto space.

SOL may be getting ready for a decline-rally cycle.

Shiba Inu might be undergoing a bearish correction, but on-chain data suggests some good news and hints at something positive coming in the next few days. Particularly, on-chain data shows that the activity among large holders has spiked positively in the past 24 hours.

Sygnum Bank suggests that Solana's scalability and growing institutional adoption could position it as a serious long-term competitor to Ethereum.

Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.

Solana trimmed gains and tested the $132 support. SOL price is consolidating and might aim for a fresh increase above the $140 resistance zone.

Shibarium, the layer-2 solution tied to Shiba Inu, has achieved a notable feat in total value locked (TVL), marking a significant milestone in its development and adoption. As of October 1, Shibarium's TVL has surged past $7 million, hitting $7.06 million according to data from DeFiLlama.

Shiba Inu (SHIB) coin is a major contender for the meme coin throne, often referred to as as the ‘Dogecoin killer' by its supporters.

The meme-inspired cryptocurrency Shiba Inu has seen its monthly burn rate soar last month by nearly 250% to 2.4 billion tokens as the price of the cryptocurrency soared around 21.9% over the last 30 days.

Solana still has serious ground to cover, but if major financial institutions start showing a preference for Solana, things could change.

Solana co-founder and chief executive officer of Solana, Anatoly Yakovenko, has recently remained highly critical of the administration of Joe Biden. He has rebuked the US government for its ineptitude in creating jobs and encouraging employment opportunities at the local levels.

Last week, Shiba Inu (SHIB) price hinted at a move toward $0.000020. But over the last few days, that has not happened, as the meme coin's value is now $0.000016.