Stacks (STX): Ready for a 20% Surge
Anticipated Nakamoto Upgrade
Stacks (STX), a Bitcoin layer-2 solution, is preparing for the long-awaited Nakamoto upgrade on October 9. This major upgrade is expected to enhance decentralized finance (DeFi) on the Bitcoin network and could introduce a Bitcoin-pegged token, sBTC.
Bullish Momentum
Currently priced at $1.964, STX has been forming an inverse head-and-shoulders pattern, indicating a potential bullish reversal. If STX breaches its $2 resistance level, it could rise by 20%, reaching $2.38 in October.
THORChain (RUNE): Set for a 40% Rally
Rising Trading Volume
THORChainâs native token, RUNE, has been benefiting from increased trading volume, which helped its price surge over the last 30 days. Despite hitting resistance at $5.40, RUNE shows strong buying pressure that could push its price up by 40%, to $7.54 by the end of October.
Potential Upside
If the current bullish momentum holds, RUNE is positioned for a strong rally. However, a failure to maintain this buying pressure could result in a dip to $4.50.
Fantom (FTM): Poised for a 36.7% Jump
Excitement Around the Sonic Upgrade
Fantom (FTM) has been one of the top-performing altcoins recently, thanks to anticipation surrounding its Sonic upgrade. This upgrade is expected to significantly improve transaction speed and storage efficiency on the blockchain.
Price Action
Currently valued at $0.67, FTM could soar by 36.7% to hit $0.92 by the end of October. Market optimism around the Sonic upgrade has the potential to drive this substantial increase.
Conclusion: A Promising October for Altcoins
As Bitcoin takes a backseat, Stacks, THORChain, and Fantom are showing signs of significant growth potential in October 2024. These altcoins could offer savvy investors the chance to ride the bullish wave and capitalize on substantial returns as they outpace Bitcoin.
