4 Best Cryptocurrencies to Buy for Beginners in October 2024

Historically referred to as "Uptober" in the bitcoin industry, October is almost here, and the market mood is strengthening following the most recent Federal Reserve rate cut. Many cryptocurrencies show great promise for new investors eager to join as they prepare for what might be a major surge. Whether your passion is meme coins or real-world asset tokenization, October 2024 is predicted to be an exciting month for the crypto market, and these four currencies might be the best choices for beginners.

Rexas Finance Stage 2 Presale Sold Out Ahead of Schedule

In the real-world asset (RWA) tokenization space, Rexas Finance (RXS) is leading the way in innovation by enabling investors to tokenize and trade commodities, art, and real estate. Rexas Finance is unique in that it permits fractional ownership of these assets, hence lowering entrance hurdles for smaller investors. RXS, which is currently in the third stage of its presale at $0.050, is well-positioned for substantial growth, especially considering that token values are anticipated to skyrocket to $0.20 once it is listed on exchanges. The project's easily accessible tokenization tools, such as the multi-chain yield optimizer Rexas Treasury and the Rexas Token Builder, have drawn attention. Thanks to these features, investors can now more easily participate in the tokenization revolution and generate passive income. Rexas Finance is also encouraging participation with a $1 million giveaway, which will award 20 lucky winners $50,000 each. In October 2024, Rexas Finance might be a good choice for novices seeking long-term potential.

Shiba Inu Poised for a Major Breakout

The second-largest memecoin, Shiba Inu (SHIB), has been consolidating over the past 75 days, but a breakout could be imminent. SHIB has tested the $0.000014416 support zone several times without closing below it, and it is currently trading close to it. With indications such as the Bollinger Bands broadening and the wave trend momentum oscillator forming a golden cross, the price action now points to a possible breakout. Renowned for its devoted community and whale activity, SHIB has seen significant investment interest in recent months. There is currently more buy-side liquidity than sell orders in the order books, indicating that the market is confident that a rise is imminent. SHIB is a great option for novice investors who wish to take advantage of its upside potential in October, as some analysts estimate profits of up to 110% if the stock breaks out as anticipated.

Pepe Coin Flashes Bullish Signal

Pepe Coin (PEPE), which has tremendous growth potential for Q4 2024, has been in the news lately for its performance in the memecoin space. Pepe is ready for a 30% rally in the upcoming weeks after flipping a crucial support level in response to a spike in trading volume and positive market factors. Bullish momentum is shown by the Relative Strength Index (RSI) rising above the midline and the Chaikin Money Flow (CMF) indicator showing increasing capital inflows. Whale activity has contributed to Pepe Coin's growth, as huge transactions totaling more than $100,000 are becoming more frequent. These changes have played a part in PEPE's recent price surge. Should the optimistic feeling persist, PEPE's value may increase to $0.00001, providing investors with significant rewards. Pepe Coin offers a potential choice for novices seeking a high-risk, high-reward investment as October draws near.

Whale Activities to Spark Dogwifhat Price Rally

Another memecoin that has gained popularity recently is Dogwifhat (WIF). Dogwifhat is now trading at $1.78, showing indications of bullish momentum as market activity has increased and the price has been rising steadily. According to analysts, WIF is expected to hit $5 soon, especially if it keeps gaining from larger market trends and the current memecoin surge. Dogwifhat's growth has also been significantly influenced by whale activity, with well-known investors purchasing millions of WIF coins via websites like Kamino. Furthermore, growing purchasing pressure is indicated by market indicators like the Chaikin Money Flow (CMF), indicating that more money is entering WIF than is exiting it. Dogwifhat might be a profitable investment for novices hoping to profit from the meme coin craze, especially if it breaks through its present resistance level and moves toward $5.

October 2024 Could Be a Game-Changer

Rexas Finance, Shiba Inu, Pepe Coin, and Dogwifhat stand out as some of the finest cryptocurrencies for beginners as we head into October, a month that has historically seen increases in the cryptocurrency market. From meme currency frenzy to tokenization of real-world assets, each presents special prospects. With the memecoin market picking up steam and Rexas Finance already displaying impressive presale results, this may be the ideal moment for new investors to jump in and take advantage of what looks to be an exciting month in the cryptocurrency space.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance