Financial expert and DeFi researcher explains why October is a significant month.
He expects the bull run to kick off this month based on multiple indicators.
Top altcoin projects for maximum gains are also listed including RIO and ONDO.
Seasoned DeFi researcher and financial expert shares a detailed post on the coming bull run phase of the ongoing crypto bull cycle. He highlights how whenever the USA and China rise in money supply, historically, Bitcoin (BTC) has always gone parabolic. Using price charts and other observations, he shares supporting evidence of why October will kickoff the next major bull run.
October Could Kick Off the Next Major Bull Run
https://twitter.com/CryptoNobler/status/1844012130334552314
He starts off by explaining how the pump will be driven by increasing money supply in the U.S. and China. Historically, Bitcoin (BTC) has shown a strong correlation with the M2 money supply—an economic indicator representing the total cash and equivalents in circulation. Thus, as central banks lower interest rates, liquidity surges into global markets, fueling growth in crypto.
In addition, the recent rate cuts by both the U.S. Federal Reserve and China's central bank signal a bullish trend, similar to patterns observed in 2016 and 2020, both of which preceded significant bull runs. As the U.S. elections approach and FTX payouts are expected, market conditions appear ideal for investors.
Top Altcoins That Could Lead the Charge
The analyst then goes on to share a few potential crypto gems, in his opinion these altcoins could lead the bull spike. To begin, he draws light to Oraichain (ORAI), the world’s first AI-powered oracle and blockchain ecosystem, currently priced at $6.05 with a market cap of $83 million.
Adding on, he throws light on other promising tokens like Goldfinch (GFI), a decentralized credit protocol, and Realio (RIO), a blockchain-based SaaS platform for digital securities. Similarly, in the AI sector, Marlin Protocol (POND), Phala Network (PHA), and Fluence (FLT) provide cutting-edge solutions for Web3, DeFi, and cloud computing.
Meanwhile, Ondo Foundation (ONDO) and TokenFi (TOKEN) are paving the way for tokenization of real-world assets. With AI and real-world asset tokenization emerging as key sectors, investors are preparing for the next wave of growth. The timing of economic policies and historical market trends suggest this could be a critical moment to start accumulating promising assets.
The post Financial Expert Explains How October Could Kickoff the Next Major Bull Run and Highlights Bullish Altcoin Potential appeared first on Crypto News Land.
