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Cryptocurrency News Articles
Top 4 Altcoins to Buy This October: BlockDAG, Eigen, Beam, and SUI
Oct 09, 2024 at 12:00 am
Though crypto is still far from mainstream adoption, investors are starting to explore beyond the big names like Bitcoin and Ethereum for new opportunities.
As crypto continues to gain attention, investors are venturing beyond the well-known options like Bitcoin and Ethereum in search of promising opportunities. One driving factor is the high prices of these leading cryptocurrencies, which can be out of reach for many. This is where altcoins, or alternative cryptocurrencies, step in as a more accessible option.
In this article, we'll highlight the top 4 altcoins to consider for October, focusing on their technological advancements, price performance, and potential return on investment (ROI). Among these coins, one is predicted by top analysts to deliver an astonishing 30,000x ROI in the coming years. Let's delve into the details.
1. BlockDAG: Million-Dollar ROIs on the Horizon
BlockDAG (BDAG) has quickly gained attention for its innovative technology that aims to resolve the common blockchain trade-off involving speed, security, and decentralization. This unique aspect has not gone unnoticed by experts, who have been actively encouraging its rapid adoption.
The results of this enthusiasm are evident in the brisk sales during BlockDAG's presale, where over 13.8 billion BDAG coins have been sold thus far, generating more than $91.5 million. Early investors have already experienced a remarkable 1960% ROI, as the price rose from $0.001 to $0.0206.
Now, BlockDAG is set to continue its journey, with some analysts predicting it could reach $30 by 2030. But that's not all—other experts believe BlockDAG could deliver a mind-blowing 30,000x ROI in the coming years. Considering today's price of $0.0206, the potential for early holders is truly massive.
2. Eigen Technical Setup: A Cup-and-Handle Formation
Eigen is on the cusp of something big. A closer look at the EigenUSDT futures chart reveals a classic breakout from a “cup-and-handle” formation, which is a bullish technical pattern. Currently priced at $4.284 and gathering steam, Eigen has already seen a surge in interest following its listing on several major exchanges.
As the chart unfolds, analysts are keeping a close eye on key resistance levels at $4.16 and beyond. If Eigen continues this uptrend, it could push towards the Fibonacci levels at $5.27 and $5.77. Adding to this bullish momentum, the MACD indicator showcases a bullish crossover, while the consolidation phase suggests that any breakout could lead to a significant price surge.
3. BEAM: A Hidden Gem Ready to Shine
Another token making waves in the crypto space is BEAM. After a double bottom reversal from $0.01125, BEAM is now trading around the $0.020 mark, indicating a 72% gain in just 23 days. This recovery rally has already broken past key Fibonacci levels.
With a bullish crossover on the horizon between the 50-day and 100-day EMAs, more gains could be in sight. If BEAM can maintain this momentum, it is poised to challenge the next resistance at $0.02156, with its next target being around $0.03233. Continuing further up, Fibonacci analysis points to potential upside targets at $0.04291 and $0.06175.
4. SUI: Approaching a Key Milestone
Reaching a total volume of $1 billion and currently trading at $1.86, SUI has seen an impressive surge of over 250% in the past two months. All signs indicate that there's more to come. The altcoin is on the verge of breaking through the key psychological level of $2, which would also complete a rounding-bottom reversal pattern.
A golden cross between the 50-day and 200-day EMAs further supports the bullish outlook, suggesting a potential target of $4.80 at the 1.618 Fibonacci level. With its growing network and increasing investor interest, SUI is certainly a coin to watch as it aims to build on its recent momentum.
Rounding It Up
And there you have it — the top 4 altcoins to consider buying in October. Eigen's promising breakout signals, BEAM's hidden gem status, and SUI's impressive surge are all compelling reasons to keep these coins on your radar.
But BlockDAG is where a truly life-changing fortune awaits. Early holders have already seen a 1960% return, and the forecast of a 30,000x ROI makes it impossible to ignore.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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