The total cryptocurrency market cap hit an all-time high of $4.17T on August 14. Since then, however, it’s been locked in a tight consolidation range between $3.5T and $4T.
Recently, it dropped sharply, falling around 9% in just 7 days between September 18 and 25, raising concerns over whether ‘Uptober’ is off the cards.
That said, zoom out, and you see Bitcoin has still gained 3.5% this month after a sharp 6.5% slump in August. Similarly, Solana and XRP are also likely to close the month in green.
Will Q4 Live Up to Expectations?
Historically, Q4 has always been one of the best-performing periods for Bitcoin and cryptocurrencies.
As per @CryptoNobler, a crypto trader with 253K followers on X, low-cap tokens could surge by more than 200% this October.
Looking at the Altcoins/Bitcoin index, the chart has been in an uptrend since 2018, when low-cap tokens rallied 120x in just a few months.
The next pump (175x) came in 2021, once again after the index found support on the same trendline. Now, the index is hovering around that trendline again, potentially signaling the start of Altcoin Season 3.0.
DeepSeek Finds Best Crypto Presales to Buy this #UPTOBER
Knowing that altcoin season is upon us is one thing, but taking advantage of it is a whole different ballgame.
That’s why we turned to DeepSeek to identify the most promising cryptocurrencies likely to benefit from Uptober’s rally.
After an in-depth analysis of market data, hist
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Author: Krishi Chowdhary
