Date: Mon, Sept 30, 2024, 03:12 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.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
