Altcoins
Best Altcoins to Stack Now for 5-10x Profits in Q3 2024
With the correction phase underway in the market as a whole, bullish traders are looking for new bets in the altcoin sector. As traditional altcoins take a hit from Bitcoin prices crashing below $70,000, bearish clouds are darkening in the market.
However, some hidden gems are making waves in the small-cap sector, which has seen massive gains in recent days. With huge engulfing candles teasing a range of bullish expectations, these altcoins are the best bet for 5-10x profits over the next quarter.
Farcana (FAR)
Farcana is a free 3rd person arena shooter built on Unreal Engine 5 with a Web3 economy. Set on Mars in 2073, players fight in 4v4 arena battles for Bitcoin rewards, competing for control of the powerful Infilium energy source.
With a bullish reversal to break through the resistance trendline, the 45% jump in the last 48 hours reveals a massive increase in demand. The bull run is approaching the 50D EMA and another long-standing resistance trendline.
A bullish breakout could lead to a massive uptrend in the FAR token. Furthermore, an improvement in the gaming sector can provide an additional boost to its market price. Therefore, the FAR token has over 5x potential in Q3 2024.
Arch block (ABT)
ArcBlock is a comprehensive platform for building and deploying decentralized blockchain applications. Using the ABT ERC-20 token simplifies the creation and management of decentralized applications, marking a significant advancement in blockchain technology.
A retracement in the ABT token tests the 50% Fibonacci level and the 200D EMA. However, the bullish recovery at the strong confluence of support reveals massive underlying demand at lower levels.
With a bullish engulfing candle, ABT price is up 14% today and signals a breakout above the 38.20% level. As the uptrend continues after an 81% jump in May, Arcblockk’s uptrend can yield 10x returns in Q3 if altcoin season arrives.
BEFÉ (BEFÉ)
With a mission to bring back the golden days of meme coins, the BEFE token aims for this era with no presales and no taxes. So the meme piece is really all about the people. As meme coins climb the cryptocurrency rankings, BEFE shows huge underlying potential.
With a massive jump of 141% in 8 hours, the BEFE token undermines the previous correction phase. Additionally, increased trading volume during the broader market correction improves the chances of an uptrend in the next quarter.
Therefore, the meme coin could give 5-10x returns in the next quarter or even in the coming days if the momentum continues.