Are you searching for the best crypto coins to buy this month, hoping to position yourself for significant gains in the current market cycle? The cryptocurrency landscape is buzzing with potential, and as highlighted in the video above, October, often dubbed “Uptober,” could be a pivotal period for many altcoins. Identifying projects with both strong fundamentals and promising chart patterns is crucial for any investor looking to maximize their returns.
While the market has already seen considerable growth from its cycle lows, the journey is far from over. This guide expands on the insights shared in the video, delving deeper into market dynamics and specific altcoins poised for potential explosive growth. Whether you’re a beginner investor just starting your crypto journey or someone looking to refine your portfolio, understanding these opportunities can make a substantial difference.
Understanding the Market Momentum: Total3 and Price Discovery
Before diving into individual projects, it’s essential to grasp the broader market context. The Total3 chart, which measures the total market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum, serves as a critical indicator for altcoin performance. The presenter noted that Total3 is currently hovering just above its 2021 all-time highs, signaling immense bullish sentiment.
Imagine a scenario where Total3 decisively breaks above the 1.16 trillion dollar mark. This event would officially usher the market into “price discovery” mode, meaning there’s no historical resistance above, paving the way for rapid upward movement. The initial target in such a surge could be the 1.618 Fibonacci extension, followed by the 2.618 Fibonacci extension, potentially pushing the altcoin market cap towards 2 trillion dollars. Such a move from current levels could represent a baseline doubling of your investment across the altcoin space, with high-quality projects offering even greater returns.
Top Altcoins Poised for Growth: Diving Deeper into Potential Gems
The video above highlighted seven promising altcoins, combining fundamental strength with favorable technical setups. Let’s explore these in more detail, considering their unique value propositions and why they might be among the best crypto coins to buy right now.
Zora: The Social Media Hype Beast
Zora emerges as an intriguing pick, especially for those seeking projects with “hype beast” potential. It operates in the social media sector, a niche that, while not fully proven in Web3, carries significant potential if it captures mainstream attention. Backed by Coinbase Ventures and listed directly on Coinbase, Zora offers accessibility for a broader audience, including those new to crypto.
Its recent flash crash, quickly bought up, demonstrates underlying demand and resilience. Currently trading sideways, Zora appears to be accumulating energy for a potential breakout. This sideways consolidation, especially after regaining a “golden pocket” support level, often precedes substantial price movements. For investors looking for a project that could benefit from sudden viral adoption, Zora presents an interesting, albeit higher-risk, opportunity.
Ondo: Real-World Assets and Institutional Backing
Ondo stands out as a safer yet highly promising investment, largely due to its focus on Real-World Assets (RWAs) and robust institutional connections. With a market cap just under $3 billion, Ondo has been in a prolonged consolidation phase, mimicking a stablecoin’s price action. This period, as the video explained, is often characterized by “whales packing their bags” while retail investors, bored by the lack of movement, sell off their holdings.
Historically, similar consolidation patterns have preceded massive breakouts, much like what happened with XRP before its significant rally. Ondo’s previous surge from approximately 60 cents to over $2 in just a few weeks showcases its capacity for rapid appreciation. The project has further bolstered its ecosystem with the launch of Ondo Global Markets, enabling the tokenization of stocks, effectively allowing users to buy traditional stocks on-chain. Partnerships with major players like BlackRock solidify its position, making it a project that many believe is too well-connected to fail. A potential 3 to 6X return from its current price of around 94 cents to $3-$5 within a short window seems entirely plausible.
Sui: A Layer One Contender with Explosive Growth
Sui, a formidable Layer 1 blockchain, has already demonstrated its ability to deliver substantial returns. The presenter famously called Sui at 76 cents, leading to a remarkable 7X gain for his VIP members. Despite its current market cap of $12 billion and a price of $3.58, Sui is still considered to have significant upside, with a bull run price target around $10.
Following its initial pump, Sui has entered a consolidation phase, mirroring the “whales packing their bags” narrative seen in other strong altcoins. Technically, the chart looks primed, having precisely pulled back to the 0.5 Fibonacci level and forming a double bottom. Many altcoins are exhibiting similar patterns, awaiting Total3 to enter price discovery mode. This technical setup, combined with its robust Layer 1 infrastructure, makes Sui a compelling choice among the best crypto coins to buy for the next leg up.
Sei: Undervalued Layer One with a Bullish Breakout
Sei, another Layer 1 blockchain, is often seen as a rival to projects like Solana and Sui, yet it’s widely regarded as one of the most undervalued Layer 1s in the market. Its two-week chart reveals a significant downward-sloping resistance line, a barrier that Sei has now decisively broken above. This breakout was followed by a successful retest of the line as support, a classic bullish technical indicator.
This “resistance flipped into support” pattern is a strong signal for an impending price explosion. Sei is positioned to be a major player in the stablecoin narrative, boasting substantial funding and strong connections within the crypto space. While a 10X might be ambitious given its size, a target of $1 to $2 this bull run is well within reach, especially with broader market momentum.
Avantis: The Golden Pocket Comeback Kid
Avantis has a track record of explosive growth, previously achieving a 10X increase in just 10 days. The presenter’s early call on Avantis at 28 cents showcased its immense potential. Following its initial surge, Avantis experienced a pullback, finding strong support in the “golden pocket” Fibonacci retracement zone.
This adherence to technical levels, combined with a recent “up reversal signal” on the four-hour chart, suggests that the golden pocket may indeed be the floor. Investors are now eyeing a potential rally, targeting a market cap of around $3 billion, which would represent another 10X from its current valuation. Achieving another 10X on top of its previous impressive run would be truly “life-changing” for early investors, making it a high-conviction play for those seeking significant multiples.
Morpho: The Base Chain DeFi Powerhouse
Morpho, a decentralized borrowing and lending platform built on Coinbase’s Base chain, is positioned to become a cornerstone of Web3 finance. It’s essentially the default borrowing and lending solution integrated within Coinbase’s ecosystem, implying massive potential user adoption as Coinbase expands its Web3 offerings. With a current market cap of $700 million, Morpho is a compelling investment.
Its price action exhibits a healthy structure of higher highs and higher lows, having recently bounced from the golden pocket with a slight higher low, indicating strong bullish momentum. A comparison to Aave, which reached a market cap of $7.9 billion in its prime, suggests Morpho has considerable room to grow. A 5 to 10X potential from its current valuation is a conservative estimate, with a journey to Aave’s all-time high representing a staggering 13X. For those looking for robust DeFi exposure on a rapidly growing layer, Morpho is undoubtedly one of the best crypto coins to buy.
Peaq Network: The Undervalued DePIN Layer 1
Peaq Network, a Layer 1 blockchain focused on Decentralized Physical Infrastructure Networks (DePIN), stands out as the lowest market cap coin on this list, yet its potential is anything but small. The DePIN sector is projected for massive growth this cycle, and Peaq is strategically positioned to capitalize on this trend. Currently trading around 12 cents, significantly below its all-time high of 70-75 cents, it represents an “insane value buy.”
The chart indicates a clear bottoming out, with the price retesting the same support level multiple times before a notable explosion to the upside. Unlike larger Layer 1s, Peaq’s relatively small market cap allows for significant multiples. A 10X return would bring its market cap to only $1.6 billion, a very achievable target given the sector’s growth. Peaq is an excellent choice for investors seeking a high-potential Layer 1 DePIN project that could deliver substantial returns.
The cryptocurrency market continues to present incredible opportunities for those willing to do their research and understand the underlying dynamics. The altcoins discussed here, including Zora, Ondo, Sui, Sei, Avantis, Morpho, and Peaq Network, offer a diverse range of potential investments, from established Layer 1s to emerging DeFi and DePIN projects. Each one presents a unique blend of fundamental strength and technical readiness, making them strong contenders for the best crypto coins to buy as the market moves towards new highs. Always conduct your own due diligence and consider your risk tolerance before making any investment decisions.
