Cryptocurrency: AI Predicts Top 3 Coins For Major October Gains
The cryptocurrency market often shows elements of versatility, favoring different coins at different stages or phases within the Web3 domain. The one thing that remains constant throughout is its ability to favor the boldest coins available in the market.
The market assesses user demand, transactions, and volumes to help a particular token take center stage. Considering these metrics, here’s what AI thinks about predicting the top 3 coins bound for major October gains.
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1. Bitcoin (BTC)
Bitcoin is currently the top trading coin in the crypto world. Per AI, BTC sets the tone for the entire market, making it a valuable investment to explore and interact with. As the world continues to encounter major geopolitical changes and economic downturns, BTC’s value is bound to skyrocket sooner rather than later.
According to CoinCodex, BTC may surge to hit $88K by October 2024.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 39.14% and reach $88,485 by November 6, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 50 (neutral). Bitcoin recorded 19/30 (63%) green days with 5.22% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
2. Ethereum (ETH)
Dubbed the second largest cryptocurrency by market cap, Ethereum is also paving its own way by capitalizing on Bitcoin’s surge and carving its own personal ecosystem. Per AI, ETH’s role as a leading smart contact platform, with the consistent tinkering in its later 2 solutions, could help bolster its price in the Web3 domain.
According to CoinCodex, Ethereum may surge by 6% to hit a new price high of $2654.
According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 6.59% and reach $2,654.77 by November 6, 2024. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 50 (neutral). Ethereum recorded 17/30 (57%) green days with 5.43% price volatility over the last 30 days. Based on the Ethereum forecast, it’s now a bad time to buy Ethereum.
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3. Solana (SOL)
Solana is the latest addition to this list. SOL is growing rapidly, with the token’s use demand skyrocketing. Per AI, SOL cryptocurrency demand has seen a remarkable surge, primarily due to its fast transactional output and low fee mechanisms.
According to CoinCodex, Solana may reach a new high of $171 by the end of October 2024.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 14.04% and reach $171.24 by November 6, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 50 (Neutral). Solana recorded 17/30 (57%) green days with 6.44% price volatility over the last 30 days. Based on the Solana forecast, it’s now a good time to buy Solana.”
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