Altcoin Analysis: Three Altcoins Set to Shine Over Bitcoin This October

Altcoin Analysis: Three Bullish Candidates

Altcoin analysis reveals exciting opportunities as Bitcoin finds itself overshadowed by altcoins this October. Investors are focusing on three standout candidates expected to outperform Bitcoin, including Stacks, THORChain, and Fantom.

1. Stacks (STX)

Stacks is a layer-2 solution enhancing smart contract applications on Bitcoin. Following a 20% price increase recently, it stands out due to the upcoming Nakamoto upgrade on October 9, anticipated to bolster DeFi on Bitcoin. Currently, STX is priced at $1.964, with potential bullish patterns indicating a move towards $2.38 if $2 resistance is breached.

2. THORChain (RUNE)

RUNE is gaining traction as the native currency of THORChain, showing a 30-day price increase. Currently priced at $5.34, it faces resistance at $5.40 but a potential rise of 40% to $7.54 is plausible depending on market conditions.

3. Fantom (FTM)

The upcoming Sonic upgrade is generating excitement around Fantom, which has exhibited robust performance lately. The upgrade is set to enhance transaction speeds and efficiency.

Final Thoughts on October’s Altcoin Prospects

As Bitcoin's dominance potentially fades, these altcoins are set for a spotlight. Monitor their developments closely as October progresses.