In October 2024, the cryptocurrency market began to decline, but by mid-month, some altcoins started showing excellent performance. The editorial team at BeInCrypto highlighted three promising tokens:
🌀Ethena — The price surged by almost 51% to reach $0.42. The rally was triggered by the news that Solana would be included as collateral for the USDe stablecoin. Technical analysis indicates that ENA is poised for a breakout, which could lead to further growth above $0.50.
🌀EigenLayer — On October 15, the team will unlock 11 million EIGEN tokens. If demand remains high, the price could rise to $3.97. Otherwise, there is a risk of a drop to $3.35.
🌀Avalanche — It is gaining support due to the buyback of 1.97 million tokens from Terraform Labs. If the price breaks the $30 level, it could facilitate growth to $38.18. However, if interest wanes, AVAX could fall to $24.68.