Can These Altcoins Reach New All-Time Highs in October 2024?
The post Can These Altcoins Reach New All-Time Highs in October 2024? appeared on BitcoinEthereumNews.com.
October has historically been a bullish month for altcoins and cryptocurrencies in general. With great momentum building, fueled by increasing demand and favorable market conditions, several altcoins are also inching closer to breaking their previous all-time highs. This analysis highlights four altcoins set for explosive growth in the next months and how they can hit new all-time highs in October 2024. The list includes LayerZero (ZRO), Sui (SUI), Binance Coin (BNB), and MANTRA (OM). LayerZero (ZRO) LayerZero is a multichain interoperability protocol designed for cross-chain communication between blockchain networks. Its native token, ZRO, currently trades at $5.06, a 27.70% increase in the last 30 days. ZRO’s price increase is linked to the project’s recent decision to reallocate unclaimed airdrops to active wallets. The action sparked a new wave of investors’ interest in the token, which is now 7.72% down from its all-time high of $5.57. Due to this, LayerZero is one of the altcoins expected to surpass the previous peak in October. On the daily chart, ZRO’s price formed an ascending triangle, which saw the token hit higher lows, indicating a bullish momentum. LayerZero Daily Price Analysis. Source: TradingView As seen above, the token has broken out of the triangle, reinforcing the bullish prediction. Furthermore, the Awesome Oscillator (AO), which measures momentum, has a positive reading, indicating that the uptrend is strong as the price aims to hit $5.60 Going into October, ZRO might surpass the threshold, with a potential 30% increase. If that happens, the altcoin might hit a new all-time high of $6.55. However, if altcoins fail to keep up with the recently found momentum next month, the token might decline to $4.39. Sui (SUI) Sui is another altcoin that could hit a new all-time high in October 2024. As of this writing, SUI’s price is $1.62, a 94.95%…
Filed under: News - @ September 28, 2024 10:21 am