Discover 5 altcoins poised to explode 100x this weekend, thanks to buying by large holders and a surge in open interest.
Cryptocurrency buyers have returned enthusiastically since last weekend, bringing the fourth quarter momentum that many expected. With Bitcoin’s performance turning green for October, the altcoin market is gathering enough strength to spark a high momentum rally. Let’s take a deeper look at the top five explosive altcoins to see if a 100x rally is possible this weekend.
5 altcoins set to surge 100x this weekend
As Bitcoin price climbs back towards $65,000 this week, confidence among crypto players is returning to usher in a fourth quarter rally. A surge in on-chain activity and technical analysis suggest these top altcoins have the potential to surge 100x this weekend.
Shiba Inu (SHIB)
The popular dog-themed meme cryptocurrency SHIB tops our list of altcoins with explosive growth potential. After a long correction in 2024, the Shiba Inu price prediction has recently moved sideways above $0.000012, forming a suitable accumulation trend before the next leap.
During the consolidation, the SHIB supply held by the top addresses increased from 59.7% to 61.28% over the past six months. This steady growth suggests that major holders, or “whales,” are accumulating more SHIB, likely in anticipation of a significant price recovery.
Litecoin (LTC)
Litecoin price prediction has been trading sideways and struggling to stay above $120 since March 2022. The consolidation in resonance with two converging trendlines suggests the formation of a symmetrical triangle pattern.
Litecoin price is once again in favor with crypto buyers as Canary Capital files for spot LTC ETF. With continued buying momentum, Litecoin (LTC) appears ready to break out of its multi-year accumulation phase and is expected to outperform other altcoins.
Bittensor（TAO）
Bittensor (TAO) is one of the emerging altcoins that is leveraging AI technology to enhance its utility and advance decentralized machine learning. Since September, TAO’s price has surged 157% from $219 to $564.
Over the same period, TAO futures open interest (OI) increased 350% from $56 million to $207 million. The rise in OI indicates that market participants are becoming more confident in Bittensor’s future prospects.
Dog Hat (WIF)
Dogwifhat (WIF) is the second memecoin in our list of top altcoins with high growth potential in a recovering market. On October 6, WIF price made a clear breakout from the resistance trendline of a 6-month corrective trendline.
The rebound after the breakout caused the asset to surge 14.7%, trading as high as $2.64, while the market value was pushed to $2.67 billion. In addition, Coinglass data shows that WIF's OI-weighted funding rate has soared to 0.0063%.
The positive value indicates that investors are confident that Dogwifhat will grow, as they are willing to pay a premium for holding long contracts.
Optimistic (OP)
The daily chart of the Optimism (OP) token shows a steady recovery within a channel pattern. The formation of new highs and lows has taken the asset from $1.06 to $1.68 since April 2024, a gain of 58%.
According to Santiment, the recovery was driven by whale hoarding, as wallets with between 1 million and 10 million OP increased their holdings from 593.5 million to 731.2 million over the past five months. Historically, such large-scale purchases by major holders have tended to trigger major market reversals, indicating a possible bull run for OP.
in conclusion:
The cryptocurrency market is gearing up for a Q4 rally, with Bitcoin’s strong performance and rising on-chain activity setting the stage for altcoins to rally. Shiba Inu (SHIB), Litecoin (LTC), Bittensor (TAO), Dogwifhat (WIF), and Optimism (OP) are the top altcoins poised for strong rally momentum on the back of whale accumulation, technical breakthroughs, and rising open interest.
