As October approaches, the cryptocurrency market’s attention turns to Bitcoin. Bitcoin, the leading cryptocurrency for most of the year, is starting to decline relative to altcoins. Experts predict that this could trigger an “altcoin season” and certain altcoins will rise to prominence. Here are three strong altcoins that are expected to surpass Bitcoin by October 2024: Stacks (STX), THORChain (RUNE), and Fantom (FTM).

Stacks

Stacks is a Layer 2 Bitcoin project that develops smart contract applications on the Bitcoin network. Stacks’ native token, STX, has surged 20% in the past seven days and stands out as one of the altcoins expected to overtake Bitcoin in October. The biggest reason STX makes this list is because of the highly anticipated Nakamoto update that will take place on October 9. The update will further enhance decentralized finance (DeFi) applications on the Bitcoin network.

STX price is currently hovering around $1.96. It dropped to $1.05 during the big drop in August, but the price started to rise again thanks to the formation of an inverse head and shoulders pattern. This formation signals a transition from a bear market to a bull market. If STX bulls can break the $2 resistance level, the price is expected to increase by another 20% to $2.38.

THORChain

THORChain is a decentralized liquidity platform. RUNE, the platform’s cryptocurrency, is another altcoin that is expected to surpass Bitcoin in October. The basis for the RUNE price increase over the past 30 days is the increasing trading volume. Currently at $5.34, RUNE is stuck at the $5.40 resistance level. However, a similar increase that happened in the past is expected to repeat itself and the price will rise to $7.54.

On the other hand, if the buying pressure weakens, the price of RUNE could drop to $4.50 and this prediction could become invalid. However, the increasing trading volume suggests that this altcoin will attract attention in October.

Phantom

Fantom is another altcoin that is expected to get even stronger with the Sonic update that will be released in October. The Sonic update will increase transaction speeds and storage efficiency on the Blockchain network. Fantom is currently trading at $0.67 and technical indicators are showing a strong bullish trend. In particular, the 20-day exponential moving average (EMA) is giving bullish signals as it rises above the 50 and 200-day EMAs.

If this bullish trend continues, Fantom’s price is expected to increase by 36.7% to $0.92. However, if the market sentiment reverses, FTM’s price could hover around $0.65. Phantom’s performance will be directly related to the excitement surrounding the Sonic update.