The altcoin market is showing signs of a possible rebound as Bitcoin consistently seeks a higher price pedestal. Currently, BTC is sitting at $61K, hustling rigorously to reclaim its lost valuation and positioning in the financial realm.
With predictions of it hitting $80K by the end of this month, the altcoin market is also gearing up for a massive change. Here are the top three cryptocurrency coins one must stash as the altcoin market rebounds to hit new highs.
Also Read: Ripple: Bitwise Filing Ignites XRP’s Bullish Potential, Data Shows
1. Ripple (XRP)
Source – CryptoRank
XRP is one of the leading crypto tokens that are currently taking the market by storm. The ETP launch of XRP has helped deliver a solid sense of hope to investors. This development has played an elemental role in renewing the hopes of all cryptocurrency investors and a basket of new opportunities that the realm currently harbors within itself.
“XRP $XRP: Traders are excited over the ETP Bitwise filing. Also, major talks surrounding the SEC’s appeal against a ruling that classified XRP as a non-security have reignited debates about Ripple’s operations and the implications for XRP holders.”
According to CoinCodex, XRP may surge by 19% to hit a new price high of $0.62 by the end of October 2024.
Image: CoinCodex
“According to our current XRP price prediction, the price of XRP is predicted to rise by 19.28% and reach $0.625477 by November 3, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 41 (fear). XRP recorded 15/30 (50%) green days with 5.15% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”
2. Aptos (APT)
Aptos (APT) is the newest name making waves in the current cryptocurrency market. Per Santiment, Aptos Labs’ acquisition of HashPalette Inc. is pivotal in determining its success quotient.
The acquisition will help the blockchain in streamlining its operations in the Japanese blockchain market, giving Aptos a chance to onboard a new user base. At the same time, increased institutional interest in crypto is also sparking at a rapid pace.
“Aptos $APT: Aptos Labs’ acquisition of HashPalette Inc., which aims to strengthen their position in the Japanese blockchain market. Furthermore, Franklin Templeton’s launch of its OnChain U.S. Government Money Fund on the Aptos blockchain highlights increasing institutional interest.
According to CoinCodex, APT may surge by 228% to hit a new price level of $27 by October end. It’s presently trading at $8.
Image: CoinCodex
“According to our current Aptos price prediction, the price of Aptos is predicted to rise by 228.57% and reach $27.47 by November 3, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 41 (fear). Aptos recorded 17/30 (57%) green days with 13.87% price volatility over the last 30 days. Based on the Aptos forecast, it’s now a good time to buy Aptos.”
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3. ChainLink (LINK)
Source – Islamic Finance Guru
Chainlink, or Link, is also making significant strides in the current cryptocurrency market. LINK’s collaboration with SWIFT is helping the chain streamline its presence globally. The blockchain has also conducted successful trials of the Chain Link cross-chain interoperability protocol (CCIP), which is helping LINK gain global attention and activity.
“Chainlink $LINK: Excitement over the association with SWIFT’s collaboration in blockchain technology and interoperability. There have been successful trials involving Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and its role in connecting various blockchain networks for financial institutions.”
According to CoinCodex, LINK can surge by 15% to hit the $12 mark by October 2024.
Image: CoinCodex
“According to our current Chainlink price prediction, the price of Chainlink is predicted to rise by 15.32% and reach $12.78 by November 3, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 41 (fear). Chainlink recorded 16/30 (53%) green days with 7.37% price volatility over the last 30 days. Based on the Chainlink forecast, it’s now a bad time to buy Chainlink.”
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