Bitcoin (BTC) has been a strong performer for much of 2024, taking the spotlight. But as October approaches, the market is starting to change, with BTC giving way to other altcoins. It’s time to start looking at some non-Bitcoin altcoins that could make a splash in the upcoming “altcoin season.” Here are three altcoins that could stand out in October 2024:
Stacks (STX)
Stacks is a second-layer solution for Bitcoin that aims to improve the development of smart contract applications. Recently, the price of STX has risen by 20% in the past seven days. The project is attracting attention due to the Satoshi Nakamoto upgrade, which is expected to be implemented on October 9. This upgrade will improve the decentralized finance (DeFi) ecosystem of the Bitcoin network and may introduce a Bitcoin-pegged token sBTC.
Currently, the price of STX is $1.964. Although STX fell to $1.05 during the market crash on August 5, the inverted head and shoulders pattern formed shows the potential for a price reversal. Now, STX faces resistance at $2 and if it breaks through this mark, it could rise further by 20% to $2.38
THORChain (RUNE)
RUNE is the native token of the decentralized liquidity protocol THORChain and is expected to outperform Bitcoin in October. RUNE’s trading volume is rising, which is crucial for its price to rise. Currently, RUNE is priced at $5.34, but it faces resistance near $5.40 and may experience a short-term correction.
If market sentiment remains strong, RUNE’s price may rise by 40% to $7.54 in October
Fantom (FTM)
The attraction of Fantom lies in the upcoming Sonic upgrade, which is expected to increase the translation speed and storage efficiency of the blockchain. FTM has performed well in recent years and is currently priced at $0.67. Technical indicators are sending bullish signals, with the 20 EMA crossing the 50 EMA and breaking the 200 EMA for the first time, indicating the potential for continued gains.
If the market remains optimistic, the price of Fantom may rise by 36.7% to $0.92; but if the market sentiment turns bearish, FTM may fluctuate around $0.65. $FTM
