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Crypto Price Prediction Today 17 October – XRP, Pi Coin, Shiba Inu

XRP chart - crypto price prediction.

Markets worldwide have slid on U.S. regional bank fears, negatively impacting the short-term crypto worth prediction for XRP, Pi Coin, and Shiba Inu.

These three altcoins have all suffered heavy losses prior to now 24 hours, with all three additionally posting double-digit declines prior to now week.

Yet heavy losses create the circumstances for large rebounds, whereas one new token particularly is gaining a number of momentum because it prepares to launch.

Crypto Price Prediction: XRP ($XRP) – More Short-Term Pain, But Long-Term Highs Coming

XRP has posted a giant 7% loss right this moment, dropping right down to $2.21 and confirming a 21% decline in every week.

But as famous above, right this moment’s selloff has adopted from wider fears surrounding the worldwide economic system, together with U.S. regional banks and considerations that the AI market may be a bubble waiting to burst.

Put in another way, XRP’s elementary place stays largely unchanged, and on this respect, it stays encouraging to notice that the altcoin continues to be up by 300% in a 12 months.

Its short-term fortunes might additionally enhance considerably as and when the primary XRP ETFs start launching, one thing which might drive institutional funding into XRP.

If we have a look at its chart right this moment, we see that its indicators have roughly hit all-time low.

XRP chart - crypto price prediction.
Source: TradingView

It shall be attention-grabbing to see whether or not XRP’s $2.20 help can maintain up, and if it may well’t, whether or not the $2.00 degree can maintain up afterwards.

If these ranges are breached, we might even see a dive in the direction of $1.80 or $1.60 within the short- or medium-term.

However, given Ripple’s latest development and XRP’s elementary energy, an enchancment in market circumstances might see it bounce again up in a short time.

It might attain $3 once more by the top of November, earlier than ending the 12 months near $5.

(*17*)Crypto Price Prediction: Pi Network ($PI) – Alarm Bells Ring as Altcoin Struggles to Escape Downward Spiral

PI has dropped by 5% prior to now 24 hours, with its fall to $0.198 additionally marking a 17% loss in seven days and a 44% decline in 30 days.

This is regarding, however what’s extra regarding is that PI has additionally fallen by a whopping 93% since hitting an all-time high of $2.99 in late February.

This is symptomatic of a long-term, presumably terminal decline, and to this point efforts to offer Pi Network with extra utility – similar to its $100 million venture fund – have completed little to win over doubters.

Pi has confronted critics from its inception, and sadly, it has been unable to draw listings from main exchanges, similar to Binance, Coinbase, Kraken, and quite a few others.

And its chart right this moment highlights the way it has been on a constant decline since May, with its indicators struggling to bounce from oversold positions.

Pi Coin chart - crypto price prediction.
Source: TradingView

Few cash within the high 100 have a chart like this, with indicators like this, and the explanation could also be that PI is in deep trouble.

There have been situations over the previous few months the place it has briefly appeared prefer it was recovering, however its worth finally ends up barely breaking even earlier than falling to a brand new low.

While a giant alternate itemizing might ship it flying upwards (e.g., again in the direction of $1 and above), the absence of such listings might see it proceed to drop additional, particularly if the market stays in a funk.

Crypto Price Prediction: Shiba Inu ($SHIB) – Oversold Position Means Token May Rebound Heavily by December

At $0.000009558, SHIB has dropped by 7% in a day, 20% in every week, and by 27% in a month, whereas it’s additionally down by 47% prior to now 12 months.

These are disappointing percentages, though SHIB’s scenario isn’t fairly as dangerous as PI’s, if solely as a result of it has managed some rises and rallies over the previous few months.

And at present, its indicators are nearing all-time low, approaching a place the place the steep low cost could entice consumers and set off a rebound.

Shiba Inu price chart.
Source: TradingView

Of course, we may have the present interval of market-wide pessimism to play out earlier than the SHIB worth can get pleasure from a concerted restoration.

But if the market does witness a flood of altcoin ETF launches, this can create the circumstances for a common rebound, of which Shiba Inu shall be a component.

Fundamentally, it stays one of many stronger meme cash, having grown its personal ecosystem of DEXes and dapps, together with its personal layer-two community, Shibarium.

And with more updates and launches coming in the future, SHIB might get pleasure from a robust resurgence in the direction of the top of the 12 months, and into 2026.

It might return to $0.000020 by the top of November, and $0.000030 by the top of December.

PEPENODE Raises $1.8 Million As Anticipation Builds for Mine-to-Earn Token

If merchants are not sure concerning the potential of any of the cash above, they could need to examine newer tokens, which may outperform the market throughout turbulent durations.

This contains presale cash, with one of the vital thrilling presale tokens proper now being PEPENODE ($PEPENODE), an Ethereum-based mine-to-earn cryptocurrency.

It opened its presale just a few weeks in the past and has already raised simply over $1.8 million. What’s attracting buyers is the coin’s standing because the market’s first mine-to-earn token, one which supplies buyers with the prospect to construct and function their very own digital mining rigs.

Despite being digital, these rigs can earn customers actual rewards, which PEPENODE pays out in different tokens, similar to Fartcoin and Pepe. And through the use of PEPENODE to purchase extra digital nodes, customers can enhance their rewards.

This might incentivize appreciable accumulation, with PEPENODE additionally open to staking. It at present gives an APY of near 700%, making it doubtlessly a really worthwhile coin to carry.

Investors can be part of the presale by going to the token’s official web site and connecting a suitable pockets, similar to Best Wallet. It’s at present promoting at $0.001105, though this worth will proceed to rise throughout the sale.

Visit the Official Pepenode Website Here

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