October, historically referred to as “Uptober” in the Bitcoin industry, is fast approaching, with market sentiment buoyed by the latest interest rate cut by the Federal Reserve. Several cryptocurrencies are showing great promise for new investors eager to jump in as they prepare for what could be a major rally. Whether your passion is meme coins or real-world asset tokens, October 2024 is set to be an exciting month for the crypto market, and these four coins could be the best picks for beginners.
Rexas Finance's Phase 2 Sales Sold Ahead of Schedule
In the real asset tokenization (RWA) space, Rexas Finance (RXS) is leading the way in innovation by enabling investors to tokenize and trade commodities, art, and real estate. Rexas Finance is unique in that it allows for fractional ownership of these assets, thereby lowering the barriers to entry for small investors. RXS, which is currently in its third phase of presale at $0.050, is well-positioned for significant growth, especially considering that the token’s value is expected to rise to $0.20 once it is listed on exchanges. The project’s accessible tokenization tools, such as the multi-chain yield optimizer Rexas Treasury and Rexas Token Builder, have also gained attention. With these features, investors can now more easily participate in the token revolution and generate passive income. Rexas Finance is also encouraging participation through a $1 million giveaway, which will award 20 lucky winners $50,000 each. Coming in October 2024, Rexas Finance could be a good option for beginners looking for long-term potential.
Shiba Inu ready to make a big splash
The second-largest meme coin, Shiba Inu (SHIB), has been consolidating over the past 75 days, but a breakout could be imminent. Shiba Inu has tested the 0.000014416 support area multiple times without closing below it, and is currently trading near it. With indicators such as widening Bollinger Bands and a golden cross momentum oscillator forming, the price action is now pointing to a potential breakout. Known for its loyal community and whale activity, Shiba Inu has seen significant investor interest in recent months. There is currently more buy-side liquidity than sell orders on the order books, suggesting that the market is confident that a rally is imminent. Shiba Inu is a great option for beginner investors looking to capitalize on its upside potential in October, with some analysts estimating gains of up to 110% if the stock explodes as expected.
Pepe Coin Flashes Bullish Signal
Pepe Coin (PEPE), which has huge growth potential for Q4 2024, has been in the news recently for its performance in the memecoin space. Pepe is poised for a 30% surge in the coming weeks after flipping a crucial support level in response to high trading volume and positive market factors. The bullish momentum is shown by the Relative Strength Index (RSI) rising above the midline and the Chaikin Money Flow (CMF) indicator showing increasing capital inflows. Whale activity has contributed to Pepe Coin’s growth, with large transactions totaling over $100,000 becoming more frequent. These changes have played a role in PEPE’s recent price surge. If the bullish sentiment continues, PEPE could surge to $0.00001, offering investors significant rewards. Pepe Coin offers a potential option for beginners looking for a high-risk, high-reward investment as October approaches.
Whale activity could drive up dogfish prices
Another coin that has gained popularity recently is Dogwifhat (WIF). Dogwifhat is currently trading at $1.78, showing signs of bullish momentum as market activity increases and the price rises steadily. According to analysts, WIF is expected to hit $5 soon, especially if it continues to benefit from larger market trends and the current memecoin price surge. Dogwifhat’s growth has also been greatly influenced by whale activity, with well-known investors buying millions of WIF coins via websites like Kamino. Furthermore, market indicators like Chaikin Money Flow (CMF) are indicating increasing buying pressure, suggesting that more money is entering WIF than leaving it. Dogwifhat could be a profitable investment for beginners hoping to cash in on the meme coin craze, especially if it breaks through the current resistance level and moves towards $5.
October 2024 could be a turning point.
Rexas Finance, Shiba Inu, Pepe Coin, and Dogwifhat stand out as some of the best cryptocurrencies for beginners as we head into October, a month that has historically seen cryptocurrency market surges. From meme coin crazes to real-world asset tokenization, each offers its own unique perspectives. With the memecoin market gaining momentum and Rexas Finance already showing impressive presale results, this could be the perfect moment for new investors to jump in and take advantage of what looks set to be an exciting month in crypto.
