The Top 4 Altcoins to Consider Adding to Your Portfolio This October
As the world of cryptocurrency continues to evolve, investors are branching out beyond the traditional heavyweights like Bitcoin and Ethereum in search of new opportunities. The surge in prices of these dominant cryptocurrencies has put them out of reach for many average investors, leading them to explore alternative options known as altcoins.
Why Consider Altcoins?
Altcoins, or alternative cryptocurrencies, offer investors a chance to diversify their portfolios and potentially capitalize on projects with innovative Technology and high Growth potential. In this article, we will delve into the top 4 altcoins worth considering for investment in October: BlockDAG, Eigen, BEAM, and SUI.
1. BlockDAG: A game-Changer in the World of blockchain
BlockDAG (BDAG) has garnered attention for its groundbreaking technology that addresses key challenges faced by traditional blockchains, including speed, Security, and Decentralization. This innovative approach has positioned BlockDAG as a potential disruptor in the crypto space, with some analysts predicting mind-blowing returns in the coming years.
The project has already gained significant traction, raising over $91.5 million in a short period and delivering an impressive 1960% ROI to early investors. With a current Price of $0.0206, BlockDAG's future potential is generating excitement among the Crypto community.
2. Eigen: Riding the Wave of a Bullish Breakout
Eigen, with its classic "cup-and-handle" formation on the EigenUSDT futures chart, is signaling a potential uptrend. Priced at $4.284, Eigen has been gaining momentum and attracting attention after its recent listing on major Exchanges.
Analysts are eyeing key resistance levels for Eigen, with potential targets at $5.27 and $5.77 based on Fibonacci levels. The MACD indicator and consolidation phase further support a bullish outlook for Eigen, making it a coin to watch for potential gains.
3. BEAM: Unveiling a Hidden Gem
BEAM has been on a positive trajectory following a double bottom reversal at $0.01125, with the price now approaching $0.020. The recovery rally has surpassed key Fibonacci levels, and the impending bullish crossover between the 50-day and 100-day EMAs suggests further upside potential for BEAM.
If BEAM maintains its current momentum, it could target resistance levels at $0.02156 and beyond, potentially reaching $0.03233 and higher according to Fibonacci analysis. The coin's recent performance highlights its Growth potential in the Crypto Market.
4. SUI: Achieving Milestones and Setting New Targets
SUI has reached a significant milestone with $1 billion in total volume traded and is currently priced at $1.86. The Token has surged by 250% in the past two months, positioning itself to challenge the $2 psychological barrier and complete a rounding-bottom reversal pattern.
The golden cross between the 50-day and 200-day EMAs signals a bullish trend for SUI, with a potential target at $4.80 based on the 1.618 Fibonacci level. With growing investor interest and a strong network, SUI is poised to continue its upward trajectory in the crypto market.
Final Thoughts
Investing in altcoins can offer unique opportunities for growth and diversification in a rapidly changing market. As you consider adding new assets to your portfolio, BlockDAG's transformative technology, Eigen's bullish breakout signals, BEAM's hidden gem status, and SUI's impressive surge make these altcoins worth a closer look.
Remember to conduct thorough research and consider your risk tolerance before making any investment decisions in the crypto space. Stay informed, stay vigilant, and explore the potential that altcoins can offer in expanding your investment portfolio.
