Crypto Picks for October: Celestia Token Unlocks, Uniswap V4 Launch, Ripple SEC Decision
- As we enter October, analysts have identified five altcoins – Uniswap, Ripple, Fantom, Sei, and Celestia – that are expected to lead the rally in the crypto market.
- The fate of XRP will largely depend on the decision of the SEC regarding the appeal of the Ripple case.
As the highly anticipated bullish month of October (Uptober) approaches, analysts have carefully chosen five major altcoins that are predicted to make waves based on their value proposition within the period.
Celestia (TIA)
Celestia (TIA), the world’s first data-available blockchain network, has already secured crucial resistance levels on its price curve ahead of the anticipated broad market rally. Market data shows that TIA has surged by 30% in the last 30 days and 5.7% in the last seven days, currently trading at $6.2. With a recent successful funding round that raised $100 million, analysts expect the bullish run to continue. However, investors should be cautious as the unlocking of $1.1 billion worth of Celestia tokens on October 31 could trigger significant selling pressure. The price is predicted to touch the $12.47 resistance level in October, failing which it could drop to $3.72.
Fantom (FTM)
In the last 30 days, Fantom (FTM) has experienced a significant surge of 58% and 7% in the last seven days, currently trading at $0.67. Analysts believe that the excitement surrounding the upcoming Sonic upgrade, scheduled to be launched on the mainnet in November, will propel FTM to its five-month high of $1.23. The price is expected to steadily increase until the implementation of the upgrade and potentially continue its upward trajectory thereafter.
Uniswap (UNI)
Uniswap (UNI) is set to launch Uniswap V4 in Q4 2024, integrating important features such as customizable liquidity pools and reduced gas fees through singleton contracts. This anticipated release is expected to push the price above its crucial resistance level of $9.42 in October. Currently, UNI is trading at $7.6, with a 31% increase in the last 30 days, 13% in the last seven days, and 3.8% in the last 24 hours.
At present, Sei is trading at $0.44, experiencing a surge of 43% in the last 30 days and 21% in the last seven days.
Ripple (XRP)
As previously reported, the SEC may appeal Judge Analisa Torres’ ruling on the programmatic sales of XRP by October 7. If an appeal is filed, XRP could face significant selling pressure and the price may drop to $0.46. However, if the SEC decides not to appeal, the price could continue its upward trend towards $0.74.
Currently, XRP is trading at $0.58, with a 2.2% increase in the last 30 days and 0.69% in the last seven days.