The post Best Crypto To Buy This October As Analysts Predict Bitcoin Will Top $70K appeared first on Coinpedia Fintech News
Analysts are optimistic that the Bitcoin price will reach $70K in October. This sets a bullish tone for the rest of the market, so what are the best cryptos to buy?
Analyst Says BTC to Hit $70K Heading Into October
Speculation is brewing about Bitcoin’s October price. However, popular trader Crypto Yoddha suggests it’ll cross $70K, followed by a “bullish rally.” Based on the analyst’s price chart, he anticipates $140K by the market cycle peak in 2025.
#Bitcoin monthly is about to close in 2 days and October euphoria will hit the market Currently expecting BTC to cross the resistance of $70K and continue the bullish rally afterwards pic.twitter.com/y3FVTa6MxU
— Yoddha (@CryptoYoddha) September 28, 2024
Similarly, analyst The Moon notes that BTC has broken above a key resistance level and suggests the next target is at $72K. From its current price of $64.4K, that works out at a 14% increase.
While holding this support zone, next possible target is $70K+ for #Bitcoin! pic.twitter.com/MlLBvpV4x9
— The Moon (@TheMoonCarl) September 27, 2024
The bullish Bitcoin predictions are helped by several tailwinds. Not least is the historical data, which points to Q4 being bullish for the market-leading asset. Lady of Crypto notes that Bitcoin has averaged an 88% Q4 return since its inception. The analyst speculates that this could lead to a Bitcoin price of $120K and says that this would give way to strong gains for altcoins.
The average BTC gain in Q4 is 88%.If we hit the average, that's $120k BTC.I'll let you imagine what that means for alts.Big if it happens pic.twitter.com/qu7FH93MJe
— Lady of Crypto (@LadyofCrypto1) September 24, 2024
And with Q4 beginning on Wednesday, it’s an exciting time for Bitcoin investors. However, since Bitcoin is the largest cryptocurrency, it sets the stage for other crypto assets. Typically, altcoins will follow Bitcoin’s price performance, except with more volatile movements.
With that in mind, a bullish Q4 will provide investors with an opportunity to generate significant altcoin gains. But what are the best altcoins to buy for October and beyond?
Let’s explore our five top picks.
Pepe Unchained
Pepe Unchained is a presale token taking the market by storm. As its name suggests, the project has a meme coin element. But that’s not all. It’s also an Ethereum layer 2 blockchain. It’s building the first Pepe-themed Ethereum layer 2 blockchain.
The ‘Pepe Chain’ will be 100x faster than Ethereum and much cheaper. It also has features like staking, a block explorer, a dedicated Ethereum bridge, and a decentralized exchange – everything you’d expect from a top blockchain.
With that in mind, it’s no wonder that Pepe Unchained is one of the hottest presales on the market. It has raised a staggering $16.4 million so far, reflecting significant interest among investors.
With buyers flooding in, this could indicate significant potential following Pepe Unchained’s exchange launch. Currently, the Pepe Unchained presale price is $0.00989. However, this will rise as the campaign advances, with the next increase in one day.
Sei
Sei is a layer 1 blockchain built using Ethereum’s developer toolkit. This means that users can access it from their Ethereum wallet. The project is highly scalable, boasting a 380ms transaction finality time and processing 12,500 transactions per second.
So far, the blockchain has processed over 1.2 billion transactions, showing that there is a notable demand.
Another way to gauge Sei’s adoption is to look at its total value locked (TVL), which has skyrocketed lately. Since May, its TVL has risen from $20 million to over $200 million today, reflecting a lot of liquidity moving on the chain and being deployed into its decentralized applications.
Investors are waking up to the power of EVM-based blockchains, which offer faster and lower fees than Ethereum while being interconnected with Ethereum and other EVM chains. Currently, Sei is trading at $0.4664, up 2.8% today, 20% this week, and 57% this month.
Crypto All-Stars
Crypto All-Stars is a unified staking protocol for meme coins. The project allows users to stake any top meme coin and generate passive $STARS rewards. It’s currently undergoing a presale and has raised $1.8 million so far.
Crypto All-Stars is turning heads because it’s one of the only projects that provides utility to leading meme coins. Here’s how it works:
Users can stake meme coins like Dogecoin, Shiba Inu, Pepe, Floki, and Bonk, and they’ll receive $STARS in return. However, they must also hold $STARS, and their earnings will be proportional to how much they have. This creates a circular economy where investors constantly accumulate $STARS to maximize their token rewards. Another draw to this project is that it will be the first token that unites all the leading meme coin communities.
Investors can buy $STARS at presale for $0.001471, but this price will rise in one day.
Dogwifhat
Dogwifhat is the leading meme coin on Solana. This is a unique position that enables it to capture significant liquidity as Solana grows. WIF is the first stop for newcomers who want exposure to the Solana ecosystem. It’s also the most liquid Solana meme coin, making it attractive to whales.
This essentially makes Dogwifhat a leveraged bet on Solana minus the liquidation risk. Should the SOL price rise, we will likely see Dogwifhat rise faster.
So, with that in mind, asset manager VanEck’s prediction that SOL will reach $330 this cycle is certainly good news for WIF fans. VanEck argues that Solana’s low fees and transaction processing metrics make it undervalued.
Currently, Dogwifhat is trading at $2.45, up 2.9% today, 38% this week, and 58% this month. It’s the fourth largest meme coin, currently holding a $2.4 billion market cap, following Dogecoin, Shiba Inu, and Pepe.
Memebet Token
Memebet is a new meme coin casino that enables users to wager their joke tokens. The project is undergoing a presale and has raised $330K so far. Though the Memebet token is in its presale, the team plans to launch the casino before the ICO ends.
It will launch via a web and Telegram application, ensuring accessibility to everyone. The casino will also be KYC-free. Users simply visit the casino, connect their wallets, and start gambling. The casino supports Dogecoin, Shiba Inu, Pepe, and more. However, users will receive special incentives when they wager with the native $MEMEBET token.
This includes airdrop access, casino bonuses, a VIP community group, and “Lootboxes.” Lootboxes are real-life reward packages that contain NFTs, cash prizes, signed Messi Argentina shirts, and more.
The current Memebet token presale price is $0.0255, but this will rise in three days.
