Altcoins
Best Altcoin Bet to Stack Now for 5x-10x Profits in Q3 2024
With the ongoing correction phase in the broader market, bullish traders are looking for new bets in the altcoin sector. As traditional altcoins take a hit with Bitcoin prices plummeting below $70,000, bearish clouds are growing darker over the market.
However, some hidden gems are making waves in the small-cap sector, which has seen huge gains in recent days. With huge wraparound candles teasing a range of bullish expectations, these altcoins look like the top altcoins for 5x-10x profits in the next quarter.
Farcana (FAR)
Farcana is a free-to-play third-person arena shooter powered by Unreal Engine 5 with a Web3 economy. Set on Mars in 2073, players engage in 4v4 arena combat for Bitcoin rewards, competing for control of the powerful energy source Infilium.
With a bullish reversal to break out of the resistance trend line, the 45% jump in the last 48 hours reveals a massive increase in demand. The bull run approaches the 50D EMA and another long-standing resistance trendline.
A bullish breakout could result in a massive uptrend of the FAR token. Additionally, an improvement in the gaming industry can provide a further boost to its market price. Therefore, the FAR token shows more than 5x potential in the third quarter of 2024.
Bow Lock (ABT)
ArcBlock is a complete platform for building and deploying decentralized blockchain applications. Using the ABT ERC-20 token simplifies the creation and management of decentralized apps, marking a significant advancement in blockchain technology.
A retracement of the ABT token tests the 50% Fibonacci level and the 200D EMA. However, the bullish rally at the strong confluence of supports reveals massive underlying demand at lower levels.
With a bullish engulfing candle, ABT price increased by 14% today and suggests a break above the 38.20% level. As the bull run continues after an 81% jump in May, Arcblockk’s uptrend can give 10x returns in the third quarter if altcoin season arrives.
BEFE (BEFE)
With a mission to bring back the golden days of meme coins, the BEFE token aims for that era of no pre-sales and zero fees. Therefore, the meme coin really makes itself completely for people. While meme coins are rising in the cryptocurrency rankings, BEFE shows huge underlying potential.
With a massive jump of 141% in 8 hours, the BEFE token undermines the previous correction phase. Furthermore, the increase in trading volume during the broader market correction improves the chances of an uptrend in the next quarter.
Therefore, the meme coin could give 5x-10x returns in the next quarter or even in the next few days if the momentum is sustained.