Cryptocurrencies with potential in October
RAY
Among the many tokens, Raydium (RAY) is undoubtedly a highly watched project. As an automated market maker (AMM) and liquidity provider based on the Solana blockchain, Raydium works in tandem with the Serum decentralized exchange (DEX) with its unique liquidity model, providing a rich trading experience. The advantage of RAY tokens is that they can be used for staking, ensuring the allocation of the initial DEX offering (IDO), and participating in governance decisions. Raydium's innovation and influence in the DeFi field make it an indispensable player in the market.
Recently, the price of RAY broke through the support trend line, showing a clear upward trend. As of now, RAY is trading at $1.74, and market participants expect its price to quickly break through $2. If this upward trend continues, RAY may reach $2.70 in the next few months.
WIF
Dogwifhat (WIF) has also shown strong bullish momentum, with the price recently breaking through the symmetrical triangle pattern on the weekly chart. Market Spotter's analysis shows that WIF's price is currently approaching a key resistance level of $3, and if it successfully breaks through this level, WIF may hit a new all-time high (ATH). Currently, WIF is trading at $2.52, up 63.42% in the past month. If WIF breaks through the $3 resistance level, its price is expected to rise further to $5, and traders are full of expectations.
SHIB
Shiba Inu Coin (SHIB) has shown significant signs of recovery after a short-term price drop. The current price of SHIB is $0.00001765, successfully breaking through the $0.0000174 resistance level, which has now turned into support. It is worth noting that SHIB's destruction rate has recently increased by 455%, indicating that the project is actively destroying tokens and promoting their scarcity.
This positive destruction dynamics and the rebound in prices suggest that SHIB's ecosystem is rejuvenating, which may attract more investors' attention and further increase its market value.
