According to crypto expert Vinicius Barbosa, these 3 altcoins are the best picks to buy and hold before October 31st. The expert reaches this conclusion based on project fundamentals, technical analysis and leading indicators.
First ranked altcoin: Solana (SOL)
cryptokoin.comAs you follow from End to the left (LEFT) week acceleration started to show. Additionally, the Relative Strength Index (RSI) pointed to 65.7 points during the day. Thus, it pointed to a strong trend of creating efficient layer-1 Blockchain. This is happening as SOL is gaining territory on a broader time frame, gaining a weekly RSI of 56.79 points, moving slightly above the ‘Neutral’ line in the last seven days.
Moreover, the Solana Foundation recently highlighted that over 31% of Solana’s satakes run through the Jito Labs client. This means the network now runs on multiple clients. Additionally, when we look at it from a software perspective, it shows that there is a significant increase in the decentralized structure. This situation further strengthens the altcoin project. It probably affects future price predictions as well. Meanwhile, SOL is trading at $22.91 as of press time. Following mostly positive monthly and annual performances, it offers an interesting buying opportunity with a loss of 5.52% in the last 24 hours.
In second place is Monero (XMR)
Monero (XMR) has cemented itself as one of the most used instruments of exchange in the decentralized currency space. Therefore, the leading privacy-focused altcoin also joined the selection list. Interestingly, Monero is the coin of choice in most darknet markets. Additionally, some have conquered a space mostly dominated by Bitcoin a few years ago by restricting their payments to the privacy coin.
Privacy-focused Bitcoin wallets are already implementing XMR as a way to enhance their users’ experiences. Meanwhile, CoinCards reported on Oct. 3 that payments in Monero are close to overtaking BTC payments as its users’ choice for crypto gift cards.
Here’s a breakdown of usage (by $ volume) on Coincards by percentage in September ’23: #BTC (Onchain): 32.82%#XMR: 32.22% #ETH: 19.00%#USDC: 7.87%#LTC: 4.23%#LightningNetwork: 2.4%#dogecoin: 0.78%#Matic: 0.55%#USDT: 0.12%#Dash: 0.00% https://t.co/NEl6VhkRs6
— Coincards.com – Buy Gift Cards with Bitcoin! (@CoinCards) October 3, 2023
In this context, XMR is also showing strength at the daily RSI value. The altcoin is trading at $149.53 as of press time. Accordingly, it gained 1.94% value during the day.
Last secret altcoin: Nano (XNO)
Nano (XNO) has a low market capitalization and relatively low exchange liquidity. Therefore, it is a riskier short-term investment choice. It arguably offers one of the biggest asymmetries between some solid fundamentals as a decentralized altcoin and the current perceived value from the market. Notably, the Nano open source software is among the highest-scoring projects according to the “Best of Crypto rankings” by Lukas Masuch on GitHub. It sits alongside leading projects by market cap.
On October 4, crypto trading account ‘holdersignals’ at X pointed to two technical analysis breakouts for XNO. It is on both the daily Bollinger Bands (BB) and a medium-term trend line that has been respected since late 2022.
$XNO – Primed chart 🔥
Breaking out of daily BB + Trendline breakout.
Looking for some nice gains from this one, time to send this to top gainers pic.twitter.com/3Sttm8PDsB
— Crypto Bull 🐂 ( Until 5th Sep 2025 ) (@holdersignals) October 4, 2023
Meanwhile, XNO is trying to recover after its price rose to $0.72 in the early hours of the day. In this context, the altcoin is changing hands at $0.64 at the time of writing. Thus, his 24-hour gain just shy of 1.79%.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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