Altcoin Gainers of October 2024 First Week
The post Altcoin Gainers of October 2024 First Week appeared on BitcoinEthereumNews.com.
Heading into October and Q4, the markets have already begun recovering, bringing gains to many crypto assets, with some altcoins even establishing new all-time highs. BeInCrypto has analyzed the top three best-performing altcoins of the last seven days, which include Solana meme coin POPCAT, which formed a new ATH this week. FTX Token (FTT) FTX’s native token, FTT, surprised the market by outperforming every major altcoin in the top 100 cryptocurrencies. FTT surged by 95% over the week and is currently trading at $2.72. This dramatic rise has caught the attention of both traders and investors alike. The rally was primarily driven by rumors surrounding the beginning of repayment to creditors. With the hearing for the distribution plan scheduled for October 7, the bullish sentiment is expected to continue, potentially fueling further price increase. Read more: 5 Best Crypto Payment Gateways Every Business Should Know FTT Price Analysis. Source: TradingView If the momentum holds, FTT could rise to $2.98. However, the token could see a drawdown to $2.54 or even $2.20 if it wanes, making investors cautious of potential risks. Popcat (POPCAT) POPCAT price reached a new all-time high this week, soaring by 31% in the last 24 hours. This Solana-based meme coin broke through the $1.00 resistance, setting a new ATH at $1.29 after struggling to breach that level throughout the week. The catalyst for this sudden rally remains unclear, but if POPCAT holders avoid selling, the coin could continue its upward trajectory. This could result in the formation of a new ATH, further boosting market sentiment. POPCAT Price Analysis. Source: TradingView However, if profit-taking ensues, it may halt the bullish momentum. A drop to $1.00 could follow, and losing this key support level would invalidate the current bullish outlook. Wormhole (W) Wormhole’s price may not have seen explosive gains like other…
Filed under: News - @ October 5, 2024 10:10 pm