Shiba Inu (SHIB)

In the years 2021 and 2022, many believed that large token burns would enable Shiba Inu (SHIB) to reach $1. They consistently advocated this belief, confident in its potential realization. As of October 5, 2025, a significant reduction in supply is yet to occur. While a few million tokens are being burnt daily, it has not significantly impacted the price.

Thus, with the current supply, the chance of SHIB reaching $1 is negligible. Nonetheless, this doesn’t preclude the possibility of eliminating one or more zeros from its price. Despite being distant from its previous hype days and struggling to produce new projects, SHIB remains the second largest meme coin.

SHIB has made a higher low at $0.00001233, but it has not yet reclaimed the $0.0000130 support. If it succeeds, the target for the upcoming week would be $0.00001421. October’s peak might reach $0.0000209, but discussing this now seems premature. For almost 300 days, SHIB has shown significant weakness.

Solana (SOL) and ADA Coin

There’s buzz about SOL Coin’s ETF approval on Friday. If all SOL ETF applications receive approval, it will become the third cryptocurrency product, after BTC and ETH, to enter the US markets directly. Institutional investors have been showing keen interest in SOL ETPs, as indicated by recent CoinShares reports.

While an ETF approval might not cause immediate price spikes, it could be a good catalyst for SOL Coin to approach $500 in the medium term. Currently, SOL Coin is striving to reclaim $235; success could bring $247 and $260 into focus. Closures above $260 could indicate new all-time highs following $272 and $296.

ADA Coin remains stagnant, but maintaining $0.83 as support is promising. If the rise continues, targets would be $0.93 and $1.15. This is contingent on altcoins not continuously lagging behind BTC.