October is historically a bullish month for the crypto market, prompting investors to seek out hidden gem altcoins that could yield significant gains. Lesser-known cryptocurrencies often possess strong fundamentals and growing community support, making them worth monitoring. Below, we analyze three under-the-radar altcoins showing signs of potential price surges this month.
PRIME, the native token of the decentralized finance and gaming web3 project, tops our list of altcoins. One reason for its inclusion is the expectation that gaming tokens may trend next month and throughout the remainder of the year. Built on the Ethereum blockchain, PRIME’s price has surged by 35.39% in the past 30 days, primarily due to a recent token unlock.
A look at the addresses by time held indicates high conviction among investors, with many refraining from selling their holdings. As of September 28, PRIME broke above $12, attributed to a breakout from a descending triangle pattern. Currently priced at $10.20, the Money Flow Index (MFI) suggests significant capital inflow, indicating a potential rebound. If this rebound occurs, PRIME's value could increase by 70% in October, possibly reaching $17.25. However, if it drops below $10.17, it may fall to $8.07.
Celo ranks as the 159th most valuable cryptocurrency by market capitalization. Built on Ethereum, it emphasizes real-world stablecoin utility. Recently, Ethereum co-founder Vitalik Buterin commended Celo for surpassing Tron in stablecoin activity, indicating improved user engagement.
Digital asset management firm Grayscale has added CELO to its list of promising altcoins for the last quarter of the year. Following the formation of an inverse head and shoulder pattern, CELO’s price climbed over 50% in under two weeks. Currently priced at $0.64, a rebound could see CELO rise nearly 36% to $0.87 this month. Conversely, if it slips below $0.60, it may end the month negatively.
Aethir (ATH) operates as a Decentralized Physical Infrastructure Network (DePIN), enhancing AI chip distribution. As a gaming token, it aligns with the expectation that AI and gaming altcoins may perform well in October. Notably, ex-BitMEX CEO Arthur Hayes has shown interest by acquiring this token.
The daily chart reveals that the 20-day Exponential Moving Average (EMA) has crossed above the 50 EMA, indicating a bullish trend. Currently priced at $0.065, if the bullish trend continues, ATH could rise to $0.090. However, if the 50 EMA rises above the 20 EMA again, it may drop to $0.053.
