October has always been a bullish period for the cryptocurrency market. As such, investors are looking to discover hidden altcoins that could provide significant gains. These lesser-known cryptocurrencies stand out with their strong fundamentals, growing community support, and innovative projects. Here are three altcoins that have the potential to see a major uptick in October:
Echelon Prime (PRIME): Bullish Expectations
Echelon Prime is the native token of the Decentralized Finance (DeFi) and Web3 gaming project. The interest in gaming tokens and the potential for growth in the sector are among the reasons for including PRIME on this list. Built on the Ethereum blockchain, PRIME has gained 35.39% in the last 30 days; this increase was triggered by the token unlock. The fact that many investors are reluctant to sell shows confidence in both the short-term and long-term potential of PRIME.
On the daily chart, PRIME rose above $12 on September 28. This jump is associated with the breakdown of the descending triangle and the formation of a horizontal support level. Although its current price has fallen to $10.20, the Money Flow Index (MFI) still indicates significant capital inflow. If this trend continues, PRIME’s value could rise by 70% to $17.25 by the end of October. However, if the price falls below $10.17, it could drop to $8.07.
Celo (CELO): Strong Performance$CELO
Celo is a cryptocurrency ranked 159th by market cap, focusing on real-world stablecoin usage on Ethereum. Vitalik Buterin’s praise for Celo’s stablecoin activities shows that user engagement is increasing. Grayscale also rated CELO among the altcoins expected to perform well in the last quarter of this year.
On the daily chart, the price of CELO has risen more than 50% in two weeks after forming an inverse head and shoulders pattern. This technical pattern signals a bearish reversal. Currently, the price of CELO is at $0.64, and this decline is thought to be a short-term pullback. In October, the price of CELO could rise by 36% to $0.87. However, if the price drops below $0.60, it could close the month with a loss.
Aethir (ATH): Growth Potential
Aethir is developing the distribution of AI chips as a decentralized physical infrastructure network (DePIN) project. ATH, which has the potential to grow with AI-based solutions and gaming projects, is in a remarkable position. Former BitMEX CEO Arthur Hayes has a positive attitude towards the value of this token.
On the daily chart, the 20-day Exponential Moving Average (EMA) has crossed above the 50 EMA for the first time, indicating that the altcoin is in a bullish trend. The ATH is currently trading at $0.065, which is a positive sign.
