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Is This the Right Time To Buy Crypto? SOL, LUNA, and DOGE Could Breakout!

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Highlights

    With groundbreaking collabs, the Crypto space is slowly moving towards the mainstream.

    SHIB Price after a massive bull rally over the last 4 days dumped heavily. Despite the pullback, yet the community hopes for the meme coin to hit new ATH soon.

The crypto space is gaining massive attention from the mainstream as large tech firms are showing up a keen interest in crypto-based payments. It’s no surprise if the crypto industry takes over the traditional banking systems in the coming days. 

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Crypto Space Goes Mainstream!

Interestingly, On October 7th, 2021, The SEC took another step to boost blockchain technology by approving a fund called “Volt Bitcoin Revolution ETF”. Volt founder Tad Park disclosed that the fund will include shares in over more than 30+ organizations including Tesla, Coinbase, Paypal, and Square. 

On the other hand, the commercial national bank of El Salvador, Banco Hipotecario has collaborated with four emerging blockchain companies one of the disclosed companies is API3. The aim of this collab is to develop blockchain products to offer Bitcoin-native DeFi products like trading and lending features to their customers.

Moneygram, an American cross-border Peer-to-Peer money transfer provider, has partnered with Stellar for Blockchain-based payments. The company also disclosed it is intended to create instant money transfers through Circle’s USDC stable coin. 

Hence, there are a significant number of developments happening across the space. Most of the crypto assets are trending in the market. Let’s discover their recent accomplishments and what awaits ahead for the industry.

Solana’s groundbreaking performance in Q3 skyrocketed its price to hit ATH of $214.96 surging by approximately 400%. As its ecosystem is keenly working on security, better data tools, and analytics, Q4 is expected to be more profitable for the DeFi asset. On the other hand, Terra Luna after its Columbus 5 upgrades on 30th September, having good gains in Q4. As the altcoin is trading at $46.73 surpassing the previous ATH.

Dogecoin has shown rapid volatility in Q3. It seems to continue the same in Q4 too, as in the last week the meme coin’s trading volume surged by almost $400%. Moreover, the DOGE is retesting at a crucial resistance level between $0.24 and $0.25, breakout could result in forming a new ATH.

Is This the Right To Buy Shiba Inu?

Shiba Inu the recent sensation in the market rallied by almost 500% in the last four days reaching a high of the $0.00003502 mark.  The canine-themed meme coin started falling dramatically on late Thursday. As the asset lost 30.60% of its value in the last 24 hours. Speculation rounding around the market is that recently one of the whales bought over 1 trillion Shib causing the price to spike. Hence, the community is arguing that SHIB price may see a drastic dump in the next 24 hours, and it’s not the right time to buy.

Collectively, the crypto space is booming like never before. Still, a significant number of events are in the pipeline like Bitcoin’s Taproot upgrade, Ethereum merger, and Cardano’s Hydra layer 2 scaling solution upgrade. Hence, as upgrades are scheduled for late Q4, this seems to be the right time to buy crypto assets by taking calculative risks. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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