Santiment has outlined an array of cryptocurrency coins that are due to receive incredible traction in the coming months. The portal outlined how the current market slump has deterred consumer sentiment toward cryptocurrency crypto tokens.
Ironically, the portal outlined how most bearish crowd narratives historically have the best chance of rising on top of the radar. Since the market favors the bold, here are our three crypto picks that an investor must stash to gain major Q4 returns.
Also Read: BlackRock Sees Potential For Crypto In Investment Portfolios
1. Bitcoin (BTC)
Bitcoin, as the king of cryptocurrencies, has recently been hit by a mild retracement. The token was earlier trading at $62K and is currently sitting at $60K, declining slightly in the process. However, market sentiment is slowly changing, which may push BTC to climb on top of all crypto indices.
According to CoinCodex, BTC is due for a 40% surge, which may push its price to hit the ambitious $86k mark.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 41.99% and reach $86,598 by November 9, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 39 (fear). Bitcoin recorded 16/30 (53%) green days with 3.90% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a bad time to buy Bitcoin.”
2. Solana (SOL)
Solana is another noteworthy crypto token that has surprised the crypto world this year. The token has outperformed major cryptocurrencies and continues to beat leading chains out of the line to climb to the top.
According to CoinCodex, Solana may surge by 13% to hit the $159 mark.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 13.92% and reach $159.45 by November 9, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 39 (fear). Solana recorded 14/30 (47%) green days with 5.62% price volatility over the last 30 days. Based on the Solana forecast, it’s now a bad time to buy Solana.”
Also Read: XRP to Soar 75% if Current Demand Holds
3. XRP
Ripple (XRP) is another crypto token gaining steady momentum in the current crypto market. Canary and Bitwise, two leading financial firms, recently announced their plans to launch the XRP ETF. This development is incredibly bullish for the cryptocurrency and may usher in a new price high for XRP to explore and sit on.
According to CoinCodex, XRP may surge to hit a new price mark of $0.62 by the end of this month.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 18.77% and reach $0.62513 by November 9, 2024. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 39 (fear). XRP recorded 15/30 (50%) green days with 5.40% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”
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