Some crypto fans have been jokingly referring to October as "Uptober" in anticipation of the traditionally strong market movements that have been seen in that month. Despite its meme roots, the Shiba Inu token, $SHIB is taken seriously and is everything from a joke. By analysing SHIB's price movement over the last two Octobers, a striking tendency becomes apparent, as recorded by CryptoRank. Investors were astounded by SHIB's 833.6% increase in October 2021. The next year, growth slowed to a more manageable 10.4%, which is still very good. #Shibainu has repeatedly bucked market standards in October, with a typical return rate of above 420%. The current status of the cryptocurrency market makes it difficult to foresee SHIB's value quadrupling in the next month. Yet, there is hope for a good month according to pricing history. One may reasonably argue that a two-month sample size is too small to make firm conclusions. The #cryptocurrency market is still extremely unpredictable, and previous results are not indicative of future outcomes. But October's good news for SHIB opens up some interesting possibilities. Uncertainty is the sole constant in the field of cryptography. Yet, the price history of the Shiba Inu token provides an intriguing account of October increases, which may give supporters cause for optimism.

Bitcoin Long Consolidation Makes Trading Difficult According to Top Analyst -Here's What Traders Should Do. Bitcoin is currently trading around $26,500 after failing to break above resistance at $26,800. According to cryptocurrency analyst Altcoin Sherpa, Bitcoin is in a consolidation phase, which can often last longer than expected. "These consolidations can take a lot longer than most people think. Chopping around for several weeks in this current environment is normal and it's quite hard to trade Bitcoin now," Sherpa stated. During consolidation phases, Bitcoin tends to trade sideways within a relatively narrow price range. This makes it difficult to predict clear market trends and direction. As Sherpa notes, attempting to trade Bitcoin in this choppy environment can be challenging for even experienced traders. A prolonged consolidation period allows previous Bitcoin bull runs to cool off and consolidate at new support levels. However, this also generates uncertainty in the market, as traders await a breakout in either direction. According to Sherpa, the best strategy during Bitcoin's consolidation is to "preserve capital and chill out" rather than trying to time entries and exits. This avoids getting "chopped up" by the whipsaws and fluctuations characteristic of directionless trading. Patience and caution are prudent during these periods of low volatility. The next major market movement will likely occur once Bitcoin breaks out of its current trading range. Until then, uncertainty remains regarding Bitcoin's short-term price trajectory.

Frog-themed cryptocurrency, Pepe (PEPE), exhibits a mild uptick, standing out in a bearish market scenario as its trading volume increased by over 55% within the past 24 hours.Despite this short-lived resurgence, on-chain indicators and past internal conflicts cast a long shadow on PEPE’s potential bullish comeback. Amidst the market’s bearish demeanor, a frog-themed cryptocurrency, Pepe (PEPE), presented a sliver of hope to its stakeholders by registering a mild uptick in its trading session on Monday. While the majority of the cryptocurrencies were painted red with Bitcoin dwindling over 2% to hover near the $26,000 mark, PEPE moved against the grain by marking a 1.44% rise within the last 24 hours, reaching a value of $0.0000006861. Tracing PEPE’s Temporary Leap In the cryptic narrative where every digit swings the fortunes, the minimal uptick by PEPE, even as minuscule as it seems, didn’t go unnoticed. The volume of PEPE’s trade soared by more than 55% within the past day, translating to over $65 million in PEPE tokens being traded. This sudden burgeon prompts the investors and market analysts to ponder upon a potential rejuvenation in interest towards this frog-themed cryptocurrency. However, casting a stark shadow over this fleeting rise is the cryptocurrency’s past performance. The PEPE price graph still reminisces the steady decline from its mid-July high of $0.00000188. The narrative further tangles when observed through the lens of on-chain metrics. Despite the mild uptick, PEPE continues to linger beneath its daily MA 50 at $0.00000089, with the daily RSI sustaining below the neutral 50 mark. This technical stance indicates a longer consolidation phase before any significant bullish movement can be anticipated. The ‘Asset Activity Matrix’ by Santiment furthers this narrative by categorizing PEPE among the cold assets, signifying an unusually low activity over the last 90 days. Adding a layer of complexity to PEPE’s storyline is its internal conflict that transpired earlier. A fallout led to three former team members pilfering a whopping 16 trillion PEPE tokens, summing up to 60% of the 26 trillion PEPE tokens held in the multisig wallet. The fiasco not only dimmed the token’s market sentiment but also unmasked the security frailties when on September 9, an official announcement flagged a security breach within the Pepe Telegram account. This nuanced blend of a fleeting uptick amid lingering gloom encapsulates the convoluted journey of Pepe (PEPE) in the cryptocurrency realm, unveiling the delicate threads of hope, skepticism, and caution interwoven in its market narrative.

Many investors complained about $BITCOIN$ ( $BTC $)'s weak price movement in September. Many had already left the market before the summer holidays, following the slogan "Sell in May and go". But it LOOKS like now might be the best time to refocus on the broader crypto and BTC market. Here are an analyst's statements about BTC purchase... Analyst explains the best time to buy Bitcoin CryptoBirb, a well-known cryptocurrency market analyst, published a brief analysis of BTC's historical returns later in the year. According to him, September, historically the weakest month, is the best opportunity for market returns. This is followed by October and November, which are statistically the two most profitable months. The last weeks of September can provide an excellent opportunity to buy Bitcoin. According to historical statistics, September is the only loss-making month of the year when averaged over the entire available history of BTC trading.