The election is approaching! Three altcoins expected to soar 20-50 times!
ARKM
Due to the previous announcement by Arkm to create a derivatives platform, arkm has started to strengthen. This adjustment is still operating within a normal range. Recently, the platform seems to be about to launch, so it has been quite strong these days. As my only main long-term holding token, Arkm has also experienced significant ups and downs. After more than a year of a passive holding strategy, there is finally a glimmer of hope now. Among Ai, besides tao, it is the most promising new altcoin, let's strive to make progress!
If the market cannot stabilize at $2, then the oscillation trend will not change. The short-term support is at $1.4, and the short-term risk is that if the announced derivatives platform introduces a new platform token instead of continuing with Arkm, it could trigger a further decline.
TAO
At the top of the DePIN altcoin ranking is Bittensor, which is an open-source protocol that supports a decentralized machine learning network based on blockchain. The native token of Bittensor, TAO, has fallen 15% in the past 30 days, with a trading price of $510.86. At some point this year, the value of this altcoin was close to $800. Therefore, the recent decline indicates that TAO may provide a buying opportunity.
On the daily chart, the price of TAO is below the 20-day exponential moving average (EMA) (blue). However, the token has not yet fallen below the 50-day EMA (yellow). On the surface, it seems unlikely to breach this threshold, suggesting that TAO's price may leap to $681.85 in November.
SHIB
Similar to Solana, Shiba Inu (SHIB) reached a new high in October 2021, peaking at $0.00008845 per token. The meme coin has transformed into a mainstream asset with a solid community. Its rise indicates a market demand for meme coins, but also confirms the importance of utility, as SHIB's development team has added additional use cases to maintain interest.
Fast forward to today, SHIB's current trading price is $0.00001768, with a 5% increase on the monthly candlestick chart. As the Shiba Inu team continues to roll out new utilities, many analysts expect SHIB's stock price to rise 2-5 times in November. However, due to SHIB's market cap limiting its potential for a 100x return, many investors are looking for alternatives.
BTC4390
