September started off tough for stock and cryptocurrency investors. However, the final episodes of the month had a strong start to October, or ‘Uptober’ as many in the community call it. Many experts predict that the tenth month will bring another strong rise to the crypto market. Crypto expert Andreja Stojanovic shares three strong altcoins that she predicts 10X potential.
First ranked altcoin: Cardano (ADA)
Cardano (ADA) has experienced a period of decline and sideways trading following the March highs. Now, it is poised to take full advantage of the potential upward momentum in October. Indeed, after falling 32% in the last six months, ADA’s fortunes have turned around. Thus, the altcoin price reached $0.39, an increase of 10.53% in the last 30 days.
First of all, TradingView’s technical analysis indicators rate ADA as a ‘buy’. Therefore, the metrics are positive for the token as well. ADA’s rally will be fueled by the long-term growth of its ecosystem. In terms of magnitude, the Cardano rally could see the token rocket towards $5, especially since a decisive signal, the one-week Logarithmic Moving Average Convergence Divergence (1W LMACD), has already formed a bull pattern on September 24.
Uniswap (UNI) comes in second place
Uniswap (UNI) has also recently started to take positions for a possible ‘October’ rally. Indeed, after surging in the first quarter of 2024 and then falling 31.36% in the last six months, UNI is up nearly 30% in the last 30 days. Additionally, it recorded a 13.72% increase in the last seven days of trading. The altcoin was trading at $7.63 at the time of writing.
Technical analysis based on the latest 24 hours of the crypto market and measuring oscillators and moving averages is likewise positive for the token. Uniswap has an overall ‘buy’ rating according to TradingView data. The current and possible future uptrend is based on months of developments, including the July UniswapX upgrade and the September ERC-7683 standard driver, which significantly returned more Miner Extractable Value (MEV) while improving bidding speeds and transaction execution.
In last place is the popular meme coin Shiba Inu (SHIB)
So far, there hasn’t been a major crypto market rally or bull cycle that didn’t involve meme coins. Among these, the popular altcoin Shiba Inu (SHIB) is well positioned for an October rally. While newer, smaller coins may be more bullish than established tokens like SHIB, they also carry much more risk. They don’t have a proven track record. They are also open to ‘insider trading’ and manipulation. Additionally, while still well below its 2024 high, SHIB, which has been in an uptrend recently, has significant momentum behind it and room for growth ahead.
TradingView data also rates the Shiba Inu as a ‘buy’. However, it is worth noting that the token recently rejected a breakout. However, the altcoin has significant potential for a major rally in October. It is also benefiting from a number of new ecosystem developments, such as the launch of the dApp development-focused ShibDev portal in early September.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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