The cryptocurrency world is full of enigmatic developments and superstitions. One such superstition (or factual truth) has lately been sweeping the internet.
The Kobeissi Letter points out that the crypto market usually shows bearish signs in September and later pumps and catches pace in October, labelling the month adoringly as “Pumptober.”
As the market gears up for this massive bullish phase, here are the top three coins investors must stash to secure legitimate gains by the end of October 2024.
Also Read: Why Are ASEAN and Asian Currencies Rising Against The US Dollar?
1. Binance Coin (BNB)
Binance Coin, or BNB, is one of the leading crypto tokens, gaining massive attention on social media. The cryptocurrency token is currently the centre of the crypto world due to the news related to Binance CEO Changpeng Zhao’s prison release. Zhao will be released from prison on September 29, a development that may be crucial in pushing the BNB price to new highs.
According to CoinCodex, BNB may surge 20% to hit the $694 price level by October 20, 2024. It’s presently trading at $571.
Image: CoinCodex
“According to our current Binance Coin price prediction, the price of Binance Coin is predicted to rise by 20.54% and reach $694.05 by October 20, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 54 (neutral). Binance Coin recorded 15/30 (50%) green days with 4.49% price volatility over the last 30 days. Based on the Binance Coin forecast, it’s now a good time to buy Binance Coin.”
2. Bitcoin (BTC)
Source: Watcher.Guru
The king of all cryptocurrencies, Bitcoin, is also poised to undergo a massive price change in October. The token is currently trading at $63K, and the chances of the token hitting a new ATH and gaining momentum in October are high. The Pumptober analysis states that BTC may claim a new ATH this October.
According to CoinCodex, Bitcoin may hit the $86K price level by October 19, proving that October is the month of new price valuations.
Image: CoinCodex
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 35.48% and reach $86,442 by October 20, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 54 (neutral). Bitcoin recorded 16/30 (53%) green days with 4.37% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
Also Read: Fed Rate Cut Ignites Crypto Surge: How Whales Made $200K Overnight!
3. Toncoin (TON)
Source: Bitcoinist
Toncoin is closely linked to Telegram, and it’s a profitable coin that is gaining the central spotlight within the Web3 domain. The token is currently trading at $5, with Pumptober Analysis pushing it to claim a new high of $18.
According to CoinCodex, October may usher in a new price rally for TON, helping the token claim the $18 price mark.
Image: CoinCodex
‘According to our current Toncoin price prediction, the price of Toncoin is predicted to rise by 228.85% and reach $ 18.61 by October 20, 2024. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 54 (neutral). Toncoin recorded 16/30 (53%) green days with 9.93% price volatility over the last 30 days. Based on the Toncoin forecast, it’s now a bad time to buy Toncoin.”
Also Read: PEPE Investor Secures $1.67 Million Through NEIRO, Here’s How