The month of October, often referred to as “Uptober” in the crypto market, is set to ignite rallies and gains for several altcoins. This week, we highlight three tokens that deserve your attention: FTT, OM, and STX.
FTT has been on an impressive rally, surging 84% in just eight days, fueled by rumors surrounding a repayment plan to creditors. Currently trading at $2.57, the token's momentum is expected to continue as the repayment hearing is scheduled for October 7, potentially paving the way for $16 billion in distributions.
As optimism grows, FTT could rise to $2.98 or higher. However, a pullback might follow the announcement, with traders likely to buy the rumor and sell the news.
With its mainnet launch imminent, MANTRA's native token, OM, recently reached a new all-time high of $1.47. The previous ATH was set in mid-July, and the current bullish trend suggests potential for further gains.
Investors looking to cash out could trigger a drawdown, with a support level around $1.20. If momentum wanes, prices could dip to $1.04.
While STX does not have an all-time high on the horizon, the upcoming Nakamoto upgrade on October 9 is poised to propel the network forward. This significant upgrade will enhance Stacks’ performance, reducing block time to five seconds and ensuring 100% Bitcoin finality.
STX is expected to rally toward $2.06, the next key resistance level. A breakthrough could push it to $2.26, marking a four-month high for the altcoin.
