Top 5 altcoins that would go insane in October 2021, according to Altcoin Daily
Popular crypto channel Altcoin Daily shares top 5 altcoins that are primed to experience tremendous growth in October 2021.
#1 First on the list is the blue-chip oracle Chainlink (LINK). According to the crypto channel, this altcoin is gearing up for a breakout:
“Chainlink is kind of a blue-chip in what it does. No other oracle crypto like Chainlink is doing it as big as Chainlink … LINK looks like it’s gearing up for a breakout. So Chainlink, yeah, I happen to be bullish as long as we’re in a bull cycle.”
#2 Polkadot (DOT) is the second coin under the analyst’s radar in which he strongly believes that DOT will follow the footsteps of explosive altcoin Solana:
“Getting some major Solana vibes from DOT. It’s been rejected a few more times but I think the trajectory, weekly candle close, relation to the previous all-time high and the fact that it hasn’t really pumped this entire run, I’m hoping it can shine like SOL in the next couple weeks.”
#3 Elrond (EGLD) is next up on the list. The trader highlights that Elrond recently printed a golden cross, a bullish signal where the 50-day MA crossed above the 200-day MA. He also points out that the last two times during the golden crosses, EGLD reached a new all-time high in the next 62 days. Hence, he believes that EGLD will hit around $2,000 and $2,500 on October 18th.
#4 Fourth on the list is Avalance (AVAX) as this coin has been gaining in-network, popularity, and price action and it is attracting tons of users.
#5 Last is Mina Protocol (MINA). Mina is the first cryptocurrency with a lightweight, constant-sized blockchain that is building a gateway between the real world and crypto. Altcoin Daily says that as of now, MINA holders may have little reason to sell due to the staking mechanics of the coin.
“I don’t think there’s going to be a lot of selling going on anytime soon because the way that the staking works, the highest rewards for the stakers happened in the first eight months or a year. So there’s really no reason to sell, unless, you can always take profits but I think a lot of people want those staking rewards.”