5 Best Altcoins with the Potential to Make Money in October, There are XRP and BNB
2024-09-30Bittime - Discover the 5 best altcoins that have the potential to make a profit in October, including Ethereum, BNB, XRP, Bitcoin Cash, and Cardano. Exciting opportunity for crypto investors! Read more in this article.
5 Best Altcoin with Potential to Make Money
After a September that was notoriously hostile to cryptocurrencies and almost completely unaffected, other altcoins besides Bitcoin are poised to have a positive October.
Here are the 5 most important altcoins to watch in the coming month:
1. Ethereum
In recent months, different indicators have emerged for the second largest cryptocurrency by market capitalization, Ethereum (ETH).
Although on-chain data and short-term technical analysis suggest the trend may be improving, investor interest has waned due to concerns about the Ethereum Foundation's steady selling and supply inflation following the Dencun upgrade.
2. BNB
Since August, Binance Coin (BNB) has experienced a strong uptrend, with several attempts to break above the $605 resistance level.
The recent positive development of the release of Binance founder Changpeng Zhao adds to optimism about the future of the token.
3. Bitcoin Cash
In 2024, Bitcoin Cash (BCH) had a complicated year after its price dropped drastically. Nevertheless, recent price movements and technical indicators suggest that a breakout may be imminent.
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4. XRP
Over the years, Ripple's XRP has underperformed, failing to break its highs and lagging behind the broader crypto market. However, there are indications that the long-awaited breakthrough may be in the near future.
XRP is in the process of converging to a symmetrical triangle pattern, a technical formation that usually appears before significant price movements.
5. Cardano
After experiencing a significant price decline from its 2024 high, Cardano (ADA) appears to be recovering.
A breakout of a long-term resistance level may be imminent, according to recent announcements about new liquid staking projects and positive technical signals.
To integrate Cardano into decentralized finance, Helix Labs, a Cardano-based decentralized finance project, has raised $2 million in funding.
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