The global cryptocurrency market cap continues to hold above the $1 trillion mark. Despite Bitcoin facing resistance near the $28,000 level, many analysts believe a strong market uptrend—often referred to as "Uptober"—could still be on the horizon.
Recent developments, including U.S. lawmakers pushing for SEC approval of Bitcoin and Ethereum ETFs, coupled with signs of cooling PCE inflation, suggest a potential influx of liquidity. This could drive major cryptocurrency prices to new local highs.
As new capital is expected to enter the market, utility-driven cryptocurrencies—including promising new presale tokens—are positioned to break out and lead the next crypto bull run.
With that in mind, here are seven of the best altcoins to consider this month, backed by expert analysis and smart money moves.
Bitcoin Minetrix (BTCMTX)
During a crypto bull market, Bitcoin mining can be as profitable as buying Bitcoin outright. However, due to monopolization by large firms and the high capital requirements for competitive mining operations, retail investors have been largely excluded from these profits for over a decade.
Bitcoin Minetrix aims to change that. This innovative project has captured significant attention, with its native token, BTCMTX, raising $400,000 in its initial coin offering (ICO) within just one week.
The platform simplifies the traditional complexities of cryptocurrency mining, which usually involve expensive hardware and cheap electricity. Instead, Bitcoin Minetrix users only need an Ethereum-compatible wallet like MetaMask.
Users can purchase BTCMTX tokens—ideally during the presale—and stake them in an Ethereum-based smart contract. In return, they receive non-transferable mining credits that can be burned to earn a share of cloud mining revenue or time.
This approach allows investors to generate passive Bitcoin rewards without technical expertise or large capital outlays.
Bitcoin Minetrix also introduces a unique stake-to-mine model. Unlike traditional cloud mining platforms that lock users into long-term cash contracts, BTCMTX stakers can unstake and sell their tokens at any time—adding a layer of protection against potential scams.
Due to this innovative mechanism, demand for BTCMTX is strong. Some experts, like Jacob Bury, predict a potential 10x rally post-launch.
Early investors can participate in the presale at bitcoinminetrix.com, where tokens are available for $0.011 each.
Chainlink (LINK)
LINK has been one of the top-performing cryptocurrencies recently, rallying nearly 25% in the past 30 days. This bullish momentum is largely driven by Chainlink’s continuous technological innovation and adoption.
The Web3 service provider’s Cross-Chain Interoperability Protocol (CCIP) is gaining traction. During the recent SmartCon 2023 event, Vodafone Group—along with Sumitomo and Innowave—announced a global trade proof-of-concept using CCIP.
Earlier, financial messaging giant SWIFT and ANZ Banking Group also tested CCIP for cross-chain asset transfers.
SmartCon also showcased next-generation Web3 tools like Data Streams, Functions, Automation 2.0, VRF 2.5, and QuickStarts. These tools are designed to support the development of high-performance decentralized applications.
Data Streams, a low-latency oracle solution, has already launched on the Arbitrum mainnet, making it ideal for upcoming DeFi applications.
Due to these advances, analysts like Michael van de Poppe of MN Trading believe LINK is well-positioned for the next bull run. He expects the token to break above the $8.50 resistance level, potentially reaching the $12–$15 range.
Traders are also watching the 200-week exponential moving average near $9.06, which could serve as the next catalyst for upward momentum.
TG.Casino (TGC)
Demand for GambleFi tokens is rising, especially as the online gambling industry is projected to reach $150 billion by 2032. Crypto-based casinos and betting platforms are expected to be at the forefront of this growth.
TG.Casino (TGC) is a new stake-to-earn cryptocurrency that has generated considerable hype, raising over $376,000 in its ICO within two weeks.
The platform enables users to enjoy anonymous crypto gambling without KYC verification or account setup. Players can bet on 30 different sports, hundreds of games, and live events—all accessible through the Telegram app.
Security and transparency are core focuses for TG.Casino, especially in light of recent high-profile hacks in the crypto casino space.
The platform is fully licensed and leverages Telegram’s robust encryption. Additionally, the TGC smart contract has been audited by Coinsult, which found no critical vulnerabilities.
TGC also features an on-chain staking mechanism that sets it apart from other GambleFi tokens. A portion of the casino’s daily profits is used to buy back TGC tokens from the open market. Forty percent of these tokens are burned, and the remaining 60% are distributed to stakers.
The staking pool currently offers an APY of over 1100%, making TGC an attractive option in volatile market conditions. Influential traders and groups are taking note, with some purchasing significant amounts of TGC during the presale.
Interested buyers can participate in the ongoing presale at tg.casino.
Solana (SOL)
Solana is another leading altcoin that has impressed investors with its recent performance. SOL surged over 23% in the past week, making it one of the top gainers among the top 100 cryptocurrencies.
The network also posted a nearly 26% gain in Q3—traditionally a weak quarter for crypto. A Solana Q3 report from Step Finance highlighted the network’s resilience, reliability, and security. Total value locked (TVL) in the ecosystem remains near yearly highs.
Moreover, Solana has become a preferred blockchain for Web2 companies, with giants like Visa and Shopify integrating its technology.
According to popular analyst @CryptoGodJohn, SOL is one of the strongest altcoins in the market and could soon reach the $28 mark.
With SOL currently trading around $23.50, this implies a potential 19% upside, making it one of the best cryptocurrencies to buy in October.
Another trader, @CryptoTony__, agrees with this outlook and expects SOL to test the $25.50 level in the near term.
Technical analysis platform TradingView also shows a “Buy” signal for SOL on the daily chart. When considering key moving averages, this improves to a “Strong Buy.” Bulls will likely aim to reclaim the 50-week exponential moving average near $27.
Meme Kombat (MK)
This year’s meme coin trend saw tokens like Pepe achieve explosive growth based on the popularity of fictional characters.
Meme Kombat takes this concept further by bringing together 11 popular meme characters—including Shiba, Doge, Pepe, Floki, and Wojak—into an AI-simulated battle arena.
Characters engage in combat with outcomes determined through random sequencing, providing a fair and unpredictable gaming experience. Players can place bets on match outcomes, side bets, or against the house.
The platform also includes a stake-to-earn function currently offering 112% APY. Investors can stake their tokens during the presale and use a portion for betting.
In response to recent controversies in the meme coin space, Meme Kombat has taken steps to ensure transparency. The project team, including founder Matt Whiteman, is publicly doxxed.
The unique concept has attracted attention from analysts and influencers, with some predicting significant price potential.
To date, Meme Kombat has raised over $300,000 in its presale. Early investors can participate at memekombat.io.
Polygon (MATIC)
Polygon is another strong contender for the next crypto bull run due to its role in advancing blockchain technology.
Polygon Labs was named one of Time Magazine’s 100 Most Influential Companies of 2023, thanks to its partnerships with Web2 giants like Starbucks, Nike, and Meta. The upcoming Polygon 2.0 upgrade is also expected to boost MATIC’s value.
The token has risen nearly 4% in the past 24 hours, trading around $0.57, while the broader market corrected. MATIC is also up over 11% in the past week.
According to crypto analyst @Ameba_NM, a successful flip of the $0.58 resistance level could lead to continued bullish momentum. In this scenario, the 100-day simple and exponential moving averages near $0.62 would be the next targets.
Wall Street Memes (WSM)
Meme coins continue to dominate trader interest. According to DEXTools, 7 of the top 10 trending Ethereum-based tokens are meme coins—indicating that the meme season is still in full swing.
Wall Street Memes (WSM) is among the newest entrants. It recently launched on Gate.io, OKX, and CoinW, in addition to Uniswap.
If the meme coin frenzy continues, WSM could perform well in the next bull run. It boasts a passionate community of over 1 million followers across Instagram, Twitter, and other social platforms.
Given its high trading volumes, some speculate that WSM could eventually list on major exchanges like Binance or KuCoin.
Just as Dogecoin and Shiba Inu were among the top performers in the last bull run, the next cycle may have its own breakout meme coin stars. For those looking for exposure, high-volume meme coins like WSM could be worth considering at current valuations.
Frequently Asked Questions
What is an altcoin?
An altcoin is any cryptocurrency other than Bitcoin. They often offer different features, use cases, or technological improvements compared to Bitcoin.
How do I choose which altcoin to invest in?
Consider factors such as the project’s utility, team transparency, market demand, tokenomics, and community support. Always do your own research and consider market trends.
What is staking in cryptocurrency?
Staking involves locking up cryptocurrencies in a wallet to support network operations, such as validation and security. In return, stakers receive rewards, often in the form of additional tokens.
Are meme coins a good investment?
Meme coins can be highly volatile and speculative. While some have generated significant returns, they also carry higher risks. Invest only what you can afford to lose.
What is a presale in crypto?
A presale is an early fundraising event where investors can purchase tokens before they are listed on public exchanges. This often occurs at a lower price, offering early-bird advantages.
How can I stay updated on crypto market trends?
Follow reputable news sources, join community discussions, and use market analysis tools. 👉 Explore real-time market tools to enhance your trading strategy.
Remember, investing in cryptocurrencies involves risk, and it's important to make informed decisions based on your own research and risk tolerance. The market is highly volatile, and prices can change rapidly. Always use caution and consider seeking advice from financial professionals.