12.9 C
Manchester
October 9, 2024
BTC Hunts
Image default
Bitcoin

Top Altcoins to Stack Next Week for Minimum 2x-5x Profits 

The post Top Altcoins to Stack Next Week for Minimum 2x-5x Profits  appeared first on Coinpedia Fintech News

With less than 1000 blocks left for Bitcoin Halving, the altcoins present a shift in the underlying gears to fuel the next sprint. As the anticipations of a bull run in Bitcoin with the Halving event grow intense, the altcoin season could follow behind it. 

With such optimism in the market, altcoins showcase the potential for a 2x-5x jump. Smart money and investors are constantly looking for such altcoins. 

So, let’s examine our choice of top altcoins to buy next week for a minimum profit of 2x to 5x. 

Bittensor (TAO)

Bittensor is a decentralized, blockchain-powered protocol that facilitates collaborative training of machine learning models. Within this open-source network, models are incentivized and rewarded with TAO tokens based on the value of the information they contribute.

With a 150% return in 2024, the bull run in the TAO token price shows a massive jump this year. As the bitcoin halving comes closer, the altcoin shows immense potential for a comeback. 

Tradingview

As per the trend-based Fibonacci level, the TAO price is in the pullback phase. With a bullish turnaround, the altcoin surged to the $1 mark for a massive jump. If the surge finds volume support, the altcoin could aim for $5 this week. 

Safepal (SFP)

Launched in 2018 and backed by Binance, SafePal is a cryptocurrency wallet offering both hardware and software solutions managed through the SafePal App. It supports a wide range of crypto-assets, including tokens on Ethereum, Binance Smart Chain, and TRON.

With a massive turnaround rally for Safepal, the SFP token has jumped from $0.18 last year to $1 this week. However, the buyers fail to sustain dominance above $1 leading to a pullback to $0.86.

Tradingview

Nevertheless, the altcoin shows an immense jump of 15%, as the overall market is under correction. Considering the uptrend manages to overcome the $1 barrier, the SFP price could surge 2x-5x for a massive jump. 

Ondo (ONDO)

ONDO token holders play a crucial role in guiding the direction of the Ondo DAO, which aims to make institutional-grade finance accessible to all. They possess specific rights related to Flux Finance, which is governed by the Ondo DAO.

Tradingview

With a 14% intraday jump, the ONDO token swims against the market-wide bearish wave. The ongoing pullback is trading closer to the 50D EMA and $0.70 mark. 

As per the trend-based Fibonacci levels, the ONDO price could skyrocket in the coming week to prolong the prevailing uptrend. If the uptrend manages to surpass the $0.97 peak, the breakout rally could easily top the $1 psychological mark. 

Optimistically, the uptrend could result in a massive jump of 2x to 5x surge thanks to the low market cap. 

Related posts

Crypto Market Outlook: Altcoin Market Poised for Rally as Whales Fuel Buying Spree

David Bradley

Is Bitcoin Stuck Up in a Bear Trap? Will BTC Price Trigger a Healthy Rebound? Here is What You Need to Know!

David Bradley

Top Altcoins to Stack for Next Week 

David Bradley