Altcoins have shown remarkable recovery in the last half of September thanks to the recent Fed rate hike, which has caused a halt in selling pressure. Now, analysts are looking forward to October with renewed hope and positive expectations.
They expect the price of Chainlink (LINK) to reach $14 and Cardano (ADA) to regain control of the $0.45 region. Also, analysts have high hopes for the new ICO, DTX Exchange. Analysts expect the price of its native token to rise 100% in October.
21.co Adopts Chainlink (LINK) PoR for Wrapped Bitcoin
A press release reveals that 21.co, the parent company of crypto exchange-traded products issuer 21Shares, will take advantage of Chainlink’s (LINK) proof of reserves service on the Ethereum and Solana magnets. The integration intends to boost transparency of the wrapped Bitcoin provided by 21.co, called 21BTC. 21.co will implement the PoR via Onyx, allowing users to have real-time access to data about its 21BTC reserves.
In other news, the Chainlink price is consolidating between $9 and $13 on the monthly chart. The cryptocurrency has a gain of 7% on the weekly chart and 9% on the biweekly time frame. Chainlink coin is trading above the 50-SMA ($10.91) and could rise to new highs in the coming weeks. Cantonmeow forecast the value of Chainlink crypto could soar to $14 by October. Such potential makes it one of the top altcoins to watch.
Cardano (ADA) Large Holders Netflow Soars 32,848%
Data from IntoTheBlock reveals that this week, Cardano (ADA) has surged up 32,848.01% in Large Holders Netflow, which helps show the change in whale holdings. The growth in Cardano’s whale netflows could mean a significant accumulation of Cardano ADA. Presently, the cryptocurrency is trading above the 50-SMA ($0.348181), a sign that bulls are leading the market.
Besides, the Cardano coin has recorded 18 green days in the past month, which is above average. During this period, its market cap consolidated between $11 billion and $14 billion. However, Cardano crypto has a major resistance at the $0.40 region which it must surpass in the coming weeks. If this is realized, the altcoin price could surge to $0.45 in the month of October.
DTX Exchange (DTX) Gains 200%, Analysts Forecast More Gains in October
DTX Exchange (DTX) is getting a lot of attention and excitement in the cryptoverse. Surprisingly, it has quickly advanced through the first and second stages of its presale and is now at stage three. It is priced at $0.06, a 200% increase from its price of $0.02. Analysts expect another 100% price surge in October. Meanwhile, the DTX Exchange has surpassed $2.7 million in funding and is projected to increase to $4 million by October.
DTX Exchange is looking to introduce a new element to the online trading sector – a hybrid (CEX+DEX) platform that will give traders a comprehensive trading experience. Therefore, individuals can gain access to over 120K items, including cryptocurrencies, gold, stocks, indices, and various CFDs, within a single platform at a high leverage of over 1000x.
Additionally, DTX Exchange seeks to boost liquidity by creating distributed liquidity pools to minimize the slippage experienced during trades while striving to deliver the best experience to its audience. As a result, users will get to experience the benefits of low-slippage trade regardless of the market climate.
The Best Cryptos To Invest in for October Gains (Chainlink, Cardano, DTX Exchange)
Analysts are optimistic about the potential price trajectory of these altcoins – Chainlink (LINK), Cardano (ADA), and DTX Exchange. They expect their prices to reach new targets riding on the positive sentiment in the market right now.
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