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Crypto Price Prediction Today 16 October – XRP, Tether Gold, PEPE

XRP chart - crypto price prediction.

The market has dropped once more in the present day as tariff fears continue to weigh on investor sentiment, but the crypto value prediction for XRP, Tether Gold, and Pepe stays optimistic.

These three cash are all in a robust place essentially and technically, with Tether Gold in a very robust place to rise as merchants search safer havens.

We take a look at the prospects for these cash within the article beneath, whereas we additionally check out one up-and-coming token that’s successful over a number of new traders.

Crypto Price Prediction: XRP ($XRP) – Altcoin Could Explode As Soon As ETFs Begin Launching

XRP has declined by 2% up to now 24 hours, with its present value of $2.45 representing a 13% loss in per week and a 19% drop in a month.

On the opposite hand, XRP can nonetheless level to a 350% enhance up to now yr, throughout which it has made robust headway on the again of Ripple’s renewed progress.

This annual acquire provides it an incredible launchpad for additional will increase in the direction of the top of the yr, particularly if the numerous XRP ETFs in waiting obtain the go-ahead from the SEC.

XRP ETFs would end in an explosion of demand for the altcoin, which is already widespread amongst establishments, according to CoinShares data.

And given its robust fundamentals, its oversold chart appears very bullish proper now, in that it signifies {that a} massive upwards correction may come quickly.

XRP chart - crypto price prediction.
Source: TradingView

Its RSI (yellow) and MACD (orange, blue) have each hit bottoms not too long ago, signalling that XRP is buying and selling at a giant low cost relative to current ranges.

So in the end, consumers ought to swoop again in, one thing which they’re more likely to do as and when the primary ETFs launch.

We may subsequently see the XRP restore to $3 in November, whereas ETF volumes may push it past $5 by the New Year.

Crypto Price Prediction: Tether Gold ($XAUT) – Waning Dollar Will Continue to Push Gold-Linked Token to New Highs

In distinction to most different top-100 tokens, Tether Gold has risen in the present day, shifting to $4,254 and confirming a 5% enhance in per week.

XAUT has additionally risen by 15% in a month and by 59% in a yr, with its rise coming as tariff uncertainty, inflation, and a declining greenback push extra traders in the direction of the protected haven of gold.

And as a result of XAUT is pegged 1:1 with gold, the token has risen accordingly, with extra positive aspects more likely to come within the close to and extra distant future.

Its chart in the present day highlights how a lot momentum it has gathered over the previous few weeks, significantly in September and October.

Tether Gold chart - crypto price prediction.
Source: TradingView

Normally, its elevated RSI and MACD would point out overbuying, predicting {that a} correction could also be coming quickly.

However, Tether Gold is just not a standard asset, given its pegging to gold itself, so it should rise for so long as gold continues to rise.

And given the continuing instability of the worldwide financial system, there’s no speedy finish to gold’s present rally.

XAUT may attain $5,000 by the top of the yr, whereas a longer-term goal can be $7,000.

Crypto Price Prediction: Pepe ($PEPE) – Whales Continue to Accumulate Oversold Meme Token

Pepe has taken a 3% hit in the present day, with its drop to $0.00000723 additionally marking a 21% decline up to now week and a 33% decline within the final 30 days.

Worryingly, PEPE has additionally suffered a 31% drop up to now yr, in contrast to most main tokens, which have risen (typically considerably) on this interval.

This would counsel that Pepe could also be experiencing a long-term decline, probably as merchants focus extra on newer meme cash.

That mentioned, whales continue to buy Pepe every now and again, indicating that it has a permanent enchantment as a car for income.

Assuming that this pattern will proceed, its chart in the present day would counsel that it may recuperate strongly quickly, given its oversold indicators.

Pepe price chart.
Source: TradingView

Its MACD has been declining over the previous few days and appears prefer it may backside out very quickly, saying the onset of a rebound.

Because Pepe is a meme token, it should depend upon a market-wide restoration to make its personal restoration.

Such a restoration might arrive with the launch of altcoin ETFs in the direction of the top of the yr, which may incite a bull rally.

In this sort of context, PEPE will return to $0.000010 in November and can push in the direction of $0.000030 by the top of the yr.

PEPENODE Raises $1.8 Million As Market Prepares for Launch of First Mine-to-Earn Token

The crypto value prediction for the three cash above does look very promising, but merchants might also need to diversify into newer tokens, since these can typically outperform throughout bull intervals.

One risk could also be to take a look at presale cash, which, below the suitable circumstances, can rally exhausting once they listing for the primary time. One of probably the most attention-grabbing presale cash accessible proper now’s PEPENDOE ($PEPENODE), an ERC-20 token that has now raised over $1.8 million in its more and more widespread sale.

The primary motive for the rising curiosity in PEPENODE is that it’s the market’s first-ever mine-to-earn token. What this implies is that its platform gives customers with the flexibility to construct and run their very own digital mining rigs, from which they will earn rewards in different tokens, comparable to Pepe and Fartcoin.

By utilizing the PEPENODE token to purchase extra digital nodes, customers can earn larger rewards. As such, there’s an actual incentive to build up extra PEPENODE, which may rise persistently in value on account of sustained demand.

Holders of PEPENODE will even be capable of stake the token for a daily earnings, whereas traders should purchase it now by going to the coin’s official web site. It’s presently promoting for $0.001105, though there’s each probability that it’ll eclipse this value as soon as it lists.

Visit the Official Pepenode Website Here

The publish Crypto Price Prediction Today 16 October – XRP, Tether Gold, PEPE appeared first on Cryptonews.

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