🔥 These 3 Altcoins Are Poised for Growth as Central Banks Explore Digital Currencies

Recent data shows that over 560M people own cryptocurrencies worldwide. Now, even Central Banks are exploring digital currencies, commonly called Central Banks Digital Coins—CBDC.

🔸 Toncoin (#TON ): Appealing to Both Buyers and Sellers

Toncoin’s recent price action shows a struggle between buyers and sellers. At the end of September, TON fluctuated between $6.13 and $5.65.

The bears pushed the price below $5.5 after bulls failed to hold support at $5.7. Yet, the monthly chart presents a different picture. Toncoin (TON) gained about 4%, rising from $5.15 to $5.41.

After dipping to $4.55, bulls regained momentum, pushing the price back above $5.3. If this trend continues, Toncoin might reach the $6.9 resistance level. However, if the price fails to break $6, further declines could occur.

🔸 Avalanche (#AVAX ): Building Momentum

Avalanche (AVAX) also presents an intriguing opportunity. The weekly chart shows positive trends, even with a nearly 4% decline last month from $27.5 to $26.3.

The monthly chart tells a different story, displaying over 20% growth after dropping to $20.8. Avalanche consistently made new highs and higher lows, peaking at $30.7.

Although recent bearish pressure has tempered this rise, many analysts expect continued upward movement. Some even predict Avalanche could reach $123 by 2025.

🔸 Solana (#SOL ): Riding the Market Wave

Solana (SOL) is riding high, fueled by positive economic reports from China. As inflation slows and interest rate cuts loom, investors are diving back into crypto.

Currently, Solana’s price hovers around $157.8, marking a 20.43% gain from a low of $141.17 earlier this month. However, early profit-taking has kept Solana from breaking above $160.

The upcoming support level at $150 will be crucial. If the price falls below this mark, the rally might stall. For now, panic selling seems unlikely with minimal market fear and the next Fed meeting approaching.