Date: Mon, Sept 30, 2024, 03:09 AM GMT
As September comes to a close, the cryptocurrency market is buzzing with excitement. Bitcoin’s recent rally, fueled by the Fed’s rate cut decision, has lifted the entire market, and many altcoins are now poised for a strong performance in October. Historically, October has been a bullish month for crypto, and investors are optimistic that this trend will continue.
Here are three altcoins that could potentially reach new all-time highs in the coming month.
1) Sui (SUI)
Sui, a smart contract platform using the Move programming language, has been one of the hottest tokens in the market lately. The launch of the Sui Trust fund by Grayscale has provided a significant boost, propelling SUI to a 117% gain over the past 30 days.
At the moment, SUI is trading at $1.76, having cleared a key resistance at $1.64. With this momentum, it’s targeting $2.18, which would be a new all-time high. Given its recent performance and strong institutional backing, SUI is in a prime position for more growth in October.
2.Kaspa (KAS)
Kaspa (KAS), known for being a fast, open-source, and fully scalable Layer-1 project, hasn’t joined the recent rally yet. In the past 30 days, KAS is down 1.52%, reflecting some investor outflows. Currently trading at $0.1603, it’s down 22.7% from its peak.
However, a potential pullback from the $0.15 support level could ignite a bullish run, potentially driving KAS past its previous all-time high of $0.2075.
3) Mantra (OM)
Mantra (OM) is making waves in the Real World Assets (RWA) sector, and its upcoming mainnet launch has caught the attention of many investors. OM has gained over 34% in the past month, with strong fundamentals supporting its upward trajectory.
OM is currently trading at $1.22 after surpassing its resistance level at $1.18. The next target for OM is $1.41, which marks its all-time high. With the project’s growing momentum and major developments on the horizon, OM is definitely one to watch in October.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.