The cryptocurrency market is showing positive trends, with Bitcoin's price rise boosting altcoin values. This article explores the key market changes and their potential impact on cryptocurrencies.

Bitcoin and Altcoins: The Start of Growth

Bitcoin's price trend towards growth starting mid-October could enhance altcoin values. This trend was predicted by many analysts, and BTC has indeed started to move upward. Although uncertainty remains whether this upward trend will reverse like in the past six months, a true recovery might be underway.

Positive Movement in XRP and Shiba Coin

The increase in BTC price has allowed altcoins to achieve gains up to 7%. With rising trading volumes, accelerated price movement has inspired traders. Three weeks before the U.S. elections, historical trends suggest cryptocurrencies are likely to perform well. Shiba Coin's price is $0.0000183 at the time of writing, continuing the day with a 6.4% increase. Maintaining support at $0.00001595 is a positive sign.

Projections for Dogecoin

The situation for XRP is less promising. Despite a 4% increase, the ongoing appeals process is discouraging. The legal battle may continue for a year. The market's largest meme coin, Dogecoin (DOGE), has shown unusual volatility. Current targets include closing above $0.13 and possibly reaching the zone between $0.18 and $0.23.

Bitcoin's price rise positively impacts altcoins like Shiba and Dogecoin. Overall positive trends in the cryptocurrency market may be supported by a stable macroeconomic environment in the near future.