The cryptocurrency market may be primed for a rally in the next month. October has historically been a bullish month for the crypto market, especially when September was kind.
In September this year, the Federal Reserve cut interest rates for the first time in four years. This move is particularly bullish for crypto, as interest rate cuts tend to lead to investors taking on more risks.
While the general market seems to be consolidating after Bitcoin’s (BTC) rise to $63,000, a few assets may soon hit new all-time highs.
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Top 3 Cryptocurrencies Predicted To Hit New All-Time Highs Quickest
1. Bitcoin (BTC)
BTC is the market leader, and other assets follow its lead. If other cryptocurrencies are to rally, BTC has to make the first move. BTC has had quite the year in 2024, hitting an all-time high in March following the SEC’s approval of 11 spot BTC ETFs. The asset has fallen by 13.7% from its March highs.
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According to CoinCodex analysts, the original cryptocurrency could hit a new all-time high in October, surpassing the $80,000 level. The platform anticipates the asset to hit $87,781 on Oct. 25, 2024. Reaching $87,781 from current levels will mean a rally of about 38%.
Source: CoinCodex
2. Pepe (PEPE)
Source – Coinpedia
Pepe is a meme cryptocurrency that has performed stellarly over the last year. The asset hit an all-time high of $0.00001717 in May and may be primed to hit a new peak in October.
According to CoinCodex data, PEPE could hit a new all-time high of $0.00002882 on Oct. 23, 2024. Reaching $0.00002882 from current prices will translate to a rally of about 240%.
Source: CoinCodex
3. Bonk (BONK)
Source: NFT Evening
BONK is a Solana-based cryptocurrency that has surged to new highs over the last year. The asset hit an all-time high of $0.00004547 in March but has since fallen by 58.6%.
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CoinCodex analysts anticipate the cryptocurrency to hit a new all-time high of $0.00006451 on Oct. 23, 2024, a rise of about 240.2% from current levels.