The crypto world also knows the month of October as Uptober. This is because statistically it is the second best month for crypto. Therefore, crypto expert Camille Lemmens from the Altcoinbuzz team has identified 3 pump altcoins for you. The expert says these tokens have explosive potential from 10x to 100x or more.
First ranked altcoin: Sui (SUI)
Sui (SUI) is the first Uptober pump token. If you missed it, Sui is on fire. The team didn’t call September ‘Suitember’ for nothing. Numerous new releases and exciting news hit the headlines. The SUI token also did well. It currently ranks 20th by market cap. Its current price is $1.88 and is up 115% in the last 30 days. It is rapidly progressing towards entering the top 20. SUI’s market capitalization is $5 billion. Its only weakness from a tokenomic perspective is that only 2.7 billion tokens are in circulation out of a maximum supply of 10 billion.
In early October, there will be a SUI token-unlock. Maybe this will be a good opportunity for the altcoin price drop. Last month, the SUI price dropped 20% during a similarly sized unlock. If this scenario repeats, it would be a great opportunity to grab some more SUI. Suitember launched during Korea Blockchain week in early September. Here Sui has opened subscriptions for its handheld gaming device SuiPlay0X1. Another big news for Sui was that Circle will bring native USDC to the Blockchain. After all, this is the largest regulated dollar-backed stablecoin in the industry. Sui is also the first Move-based Blockchain with native USDC.
Chainlink (LINK) comes in second place!
Chainlink (LINK) is next on today’s list of pump altcoin projects. It is also the leading oracle in the crypto industry. Blockchain needs oracles. Because they cannot communicate with the outside world, with real life. Therefore, oracles connect off-chain information with on-chain projects. For example, oracles provide real-time updates on assets such as gold, stocks, or crypto. They can also provide information about sporting events. Not to mention DeFi and there is so much more. Oracles can connect almost any off-chain data to on-chain projects.
Chainlink is the largest oracle in the Blockchain world. LINK market cap is 7 times larger than the next listed oracle provider. Chainlink has the first mover advantage. The altcoin project has been on the market since 2017. One of the biggest new updates for Chainlink was the launch of CCIP in July 2023. This is the Cross-Chain Interoperability Protocol. It is also Chainlink’s flagship feature. It allows different Blockchains to talk to each other. Or in other words, cross-chain is like a bridge. It allows you to send information, not just assets.
Last ranked altcoin: Bittensor (TAO)
Bittensor (TAO) is the last project on today’s list of pump altcoins. We are entering the artificial intelligence industry with Bittensor. It calls itself the ‘first neural internet’. This project is all about machine learning. Now, AI has become a hot crypto sector. So, pay attention!
TAO token has increased by 83% in the last 2 weeks and 94% in the last 30 days. Its current price is $556. The market value of the altcoin project is 4 billion dollars. Of the maximum supply of 21 million tokens, 7.3 million are in circulation. It’s a fairly new project, so fair enough. Bittensor has decentralized this machine learning process. The protocol also has a P2P (peer-to-peer) marketplace for machine intelligence. In other words, machine intelligence is becoming a tradable commodity. In the machine learning P2P marketplace, it is possible to share and team up with machine learning models. The AI industry is on fire, and Bittensor is currently leading the way.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We recommend that you do your own research before investing.
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