LayerZero ($ZRO ), Sui ($SUI ), Binance Coin ($BNB ), and MANTRA (#ommantra ) are four altcoins among the top 100 that might reach new all-time highs in October 2024.
LayerZero (ZRO)
LayerZero is a multichain interoperability protocol designed for seamless cross-chain communication between blockchain networks. Its native token, ZRO, is currently priced at $5.06, reflecting a 27.70% increase over the past 30 days. The price surge is largely due to LayerZero reallocating unclaimed airdrops to active wallets, which has renewed investor interest in the token. Currently, ZRO is down 7.72% from its all-time high of $5.57.
Sui (SUI)
Sui is another altcoin that could potentially achieve a new all-time high in October 2024. At the time of writing, SUI is trading at $1.62, up 94.95% over the past 30 days. This increase is likely linked to the launch of Grayscale SUI Trust by the asset management firm. Furthermore, rising demand has led some to compare SUI with Solana (SOL) during this market cycle. Currently, SUI is 25% away from surpassing its previous high, with recent attempts to retest the $2 mark facing resistance at around $1.77.
Binance Coin (BNB)
BNB is also among the altcoins with the potential to reach new highs. Market sentiment has been positively influenced by the early release of former Binance CEO Changpeng Zhao, which some interpret as an indication of a bullish market.
MANTRA (OM)
OM, the token of the Real World Assets project MANTRA, is the fourth on the list. Notably, this is not OM's first appearance on a list of altcoins expected to reach new all-time highs; it was also mentioned in August. Currently, OM is priced at $1.23, down 13% from its all-time high of $1.42. Technically, the token could be aiming for a move toward $1.50, supported by the Exponential Moving Average (EMA) indicator and the anticipated MANTRA Mainnet launch.
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