XTZ, AMP, and 3 additional altcoins eyeing for upward movements, according to analyst Ben Armstrong
Top trader Ben Armstrong from Bitboy Crypto shares with their subscribers the top 5 altcoins that are deemed to make historic gains in October.
Tezos (XTZ)
First on the list is Tezos (XTZ), a security force token from 2017. According to the trader, Tezos has an incredible community that’s been through bull and bear markets. XTZ has recently formed a nice cup and handle pattern on the daily charts.
“This all coincides with the larger market moves that are going to take Tezos to the next level…If you’re new to crypto, you can still make a killing with this token before it breaks its 2017 all-time highs.”
The crypto KOL also points out that the project has been developing at a rapid pace this year, completed its Edo, Florence and Granada upgrades with a new upgrade called Hangzhou coming in soon.
At the time of the video, XTZ was trading at $8.1. Armstrong expects to see Tezos reach $10 to $15 by the end of Q4.
Amp (AMP)
Next on the list is Amp (AMP). At the time of the video, AMP was trading at $0.05, 57% off its all-time high back in June and still consolidating. The trader says that AMP can pump 10x to $0.5 in Q4.
“That’s a coiled spring ready to pop, if I’ve ever seen one.”
Armstrong also mentions the reason for his bullish on Amp as the market sentiment behind DeFi got a lot stronger over the past few days “with China’s economy getting shaky and its citizens flocking to any sort of decentralized finance to help them weather the storm.”
Vechain (VET)
With China banning the cryptos, Armstrong expects VET to see its moment in October and beyond because Vechain is a part of the only government- approved cryptos in China, “sitting prettier than a baby in a pumpkin patch.”
VeChain is a logistics blockchain for shipping, and it’s already seen adoption across China from giant companies like Walmart of China, BMW and Bayer. The coin is up 500% for the year and has not seen its second pump yet.
Avalanche (AVAX)
Next up is Avalanche (AVAX). According to the trader AVAX has been moving by leaps and bounds during this mini bear market and is not showing any signs of slowing down.
“It’s hard to imagine, but in January, Avalanche was stuck in 70th place on CoinMarketCap, sandwiched between Ampleforth and TrueUSD. But it’s been a steady move up the top 100 since then, and now Avalanche is threatening to kick Dogecoin out of the top 10.”
The trader also highlights that its fundamentals are in line perfectly with what the market needs, a new smart contract blockchain that is cheaper than Ethereum. Importantly, the coin is expected to see a double in price at the end of the year.
XRP (XRP)
The last coin with huge expectation on the list is XRP (XRP).
“It’s a coin that has been fighting to survive for what seems like forever. It’s a coin that has its own army. It’s a coin that’s taking over Asia and will soon be the standard for banks in the West. It’s the coin that keeps Gary Gensler up at night.”
At the video time, XRP was trading at around $1. The trader expects XRP to pump at least 4x to 5x easily and possibly hit $12 by the end of the year.
“Just looking at this chart, you can see that XRP has already pumped this year, but it’s nothing compared to other coins like AVAX or Solana. XRP hasn’t gone truly parabolic yet. The highest it got was $1.83 back in March. And it hasn’t come close to its 2017 all-time high of $3.84. This is a coin you’ll tell your kids about.”