In the ever-evolving cryptocurrency world, market enthusiasts are optimistic about October, with the famous market intelligence platform Santiment predicting that the upward momentum will continue for certain altcoin projects. Bitcoin Cash (BCH), Chainlink (LINK), Maker DAO (MKR) and THORChain (RUNE) have come to the fore in recent days due to their impressive performance. Here are the details…
Santiment hints at many altcoin projects
Santiment’s prediction is based on compelling data that reveals significant increases in the market value of these four tokens over the past week. Moreover, all four tokens experienced price increases of over 10%. This has made them prime candidates for investors looking to benefit from the ongoing volatility in the crypto market. Chainlink (LINK) stands out as the standout performer among the four, with a remarkable price increase of over 15% during the last seven days of trading. THORChain (RUNE) follows closely behind with a significant price increase of 14%+. Meanwhile, both Bitcoin Cash (BCH) and Maker DAO (MKR) posted impressive gains of over 13% during the same period.
📈 #BitcoinCash (+13%), #Chainlink (+15%), #Maker (+13%), and #THORChain (+14%) are notables that saw double digit market cap rises during a positive week for #crypto. We are seeing accumulation from big $BTC & $USDT wallets, indicating this rally can continue into October. pic.twitter.com/SyeZEndoZv
— Santiment (@santimentfeed) September 30, 2023
In an exciting development, LINK ranked fourth on CoinMarketCap’s trending list, demonstrating its growing popularity within the crypto community. Currently, LINK is trading at around $8.07 and is positioned just below its daily high of $8.08. However, it is worth noting that LINK witnessed a 22% decline in 24-hour trading volume and is currently hovering around $246,411,575. Despite this, the cryptocurrency managed to gain a staggering 35% in value last month.
BCH and MKR experience slight loss of momentum
As of this writing, THORChain (RUNE) is trading at $1.97, up 3.20% in the last 24 hours. This rise resulted in a 2.41% gain for RUNE against the crypto giant Bitcoin (BTC). However, RUNE’s trading volume decreased by 11.07% in the last 24 hours, falling to approximately $62,777,369. On a slightly less optimistic note, Bitcoin Cash (BCH) and Maker DAO (MKR) have faced minor pullbacks over the past 24 hours. BCH is currently trading at $234.84 and has experienced a modest 0.50% decline in price. However, Santiment’s data highlights BCH’s weekly performance, which still shows an impressive gain of over 13%.
Similarly, MKR witnessed a price drop of over 5% in the last day and its current trading price stands at $1,484.80. This puts MKR dangerously close to its daily low of $1,440.11, which requires close attention from traders and investors. As the crypto market enters another month full of opportunities and challenges, these four altcoins continue to attract investors’ attention. While LINK and RUNE are rising on their recent success, BCH and MKR face the need to regain lost ground. Crypto enthusiasts will be watching closely throughout October to see if Santiment’s predictions hold true for these promising tokens.
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