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While cryptocurrencies have not yet become mainstream, more and more people are starting to look beyond established players like Bitcoin and Ethereum in search of new opportunities.
These leading cryptocurrencies often come with high prices, making them less accessible. This is where alternative cryptocurrencies, or altcoins, come into play, serving as attractive options for many.
This article explores the top four altcoins to consider purchasing this October. We will look into their technological advancements, pricing movements, and potential for return on investment. According to top analysts, our list includes BlockDAG, Eigen, Beam, and SUI, with one potentially offering a staggering 30,000x return in the future. Let's delve into the details.
BlockDAG (BDAG) has rapidly captured attention in the crypto space by addressing the long-standing blockchain trilemma—achieving speed, security, and decentralization simultaneously, something even giants like Bitcoin and Ethereum struggle with. This unique balance has positioned BlockDAG as a frontrunner in the industry.
In just a few months of its presale, BlockDAG has raised over $92 million and sold 13.9 billion BDAG coins. Early holders have already enjoyed a remarkable 1960% surge, with prices climbing from $0.001 to $0.0206. Experts have quickly recognized BlockDAG's potential, fueling widespread adoption.
Looking ahead, analysts suggest BDAG could reach $30 by 2030, while others predict a potential 30,000x return, creating immense excitement around its future. With the current price still at $0.0206, the opportunities for early participants could be extraordinary. BlockDAG's strong momentum makes it a name to watch closely in the coming years.
Eigen is positioned for a significant breakthrough. The EigenUSDT futures chart displays a classic “cup-and-handle” pattern, indicating a potential bullish trend. Priced at $4.284, Eigen has captivated market watchers after being listed on major exchanges.
Analysts are monitoring key resistance levels at $4.16 and higher. If Eigen maintains its upward trajectory, it might reach the $5.27 and $5.77 Fibonacci levels. The MACD indicator’s bullish crossover and the ongoing consolidation phase suggest a breakout could trigger a notable price rally.
BEAM has made significant strides in the market. Following a double-bottom reversal at $0.01125, BEAM trades around $0.020, up 72% in just 23 days. This recovery rally has surpassed several Fibonacci levels, and with a looming bullish crossover between the 50-day and 100-day EMAs, further gains could be in sight.
If BEAM sustains its momentum, it could challenge the $0.02156 level and advance toward $0.03233. Further, the Fibonacci analysis points to potential targets of $0.04291 and $0.06175.
SUI has amassed $1 billion in total volume logged and is currently priced at $1.86. This token has soared 250% over the last two months, and all indicators suggest continued upward movement. SUI is approaching the $2 psychological mark, potentially completing a rounding-bottom reversal pattern.
A golden cross between the 50-day and 200-day EMAs underpins a bullish forecast, with a target of $4.80 at the 1.618 Fibonacci level. With its expanding network and growing interest, SUI is certainly an altcoin to keep an eye on as it continues to build on its recent gains.
There you have it—the four altcoins worth considering this October. Eigen’s promising technical signals, BEAM’s emerging potential, and SUI’s impressive gains provide strong reasons to watch these coins.
However, BlockDAG stands out with already realized returns of 1960% and predictions of a 30,000x return, presenting an unparalleled opportunity for substantial earnings.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
