Predicting which cryptocurrency will rise in a month is challenging due to market volatility. However, some cryptocurrencies have shown potential based on recent trends and analysis.
*Top Contenders:*
- *Bitcoin (BTC)*: Expected to hit new all-time highs in October due to Fed rate cuts and upcoming payments to creditors of bankrupt crypto exchange FTX. Its current price is around $63,703, with potential to reach $70,000 or drop to $60,000.
- *Avalanche (AVAX)*: Surged to a one-month high amid increased demand, whale activity, and bullish technical indicators, making it a potential candidate for growth.
- *Ethereum (ETH)*: Grown almost twice as fast as Bitcoin since the Fed's rate cut, with positive funding rates for ETH-based perpetual futures, reflecting increased demand for leveraged long positions. Its current price is around $2,656.
- *Solana (SOL)*: Shown potential with a 36.41% price increase in a short period, making it a contender for potential growth.
- *NEAR Protocol*: Jumping 9% recently, indicating potential for further growth.
*Market Trends:*
- The crypto market rose 1.2% in 24 hours to $2.25 trillion, approaching highs set exactly one month ago.
- Fed rate cuts and expectations of further cuts are driving the market, with potential for increased investment in cryptocurrencies.
- Regulatory environment and market sentiment can significantly impact cryptocurrency prices.