Markets are still recovering from tensions in the Middle East, which has sent negative sentiment across the market. Observers from QCP Capital expect lower prices before a price rise, stating that the current weakness is only short-term.
In an October 3 note, QCP stated that expected rate cuts and positive news from the U.S. labor market should make the prices of Bitcoin and altcoins rise in the coming weeks. With this potential rally on the way, analysts have picked Ethereum (ETH), Chainlink (LINK), and IntelMarkets as the best coins to invest in.
Ethereum (ETH) Price Expected To Recover Soon
Ethereum (ETH) is currently one of the most underperforming cryptocurrencies in 2024. The price of the altcoin has been consolidating between $2k and $4k since the beginning of the year. Despite the approval of Ethereum spot ETFs, the cryptocurrency still failed to record a massive price increase.
Presently, the value of ETH is consolidating between $2.2k and $2.7k on the monthly timeframe. Its 14-day RSI has fallen below the 40 mark, a sign that bears are in charge.
TedPillows still remains bullish about Ethereum crypto. He told his followers on X, “There could be one last flush before ETH reversal.” Based on historical data TedPillows forecast Ethereum price could outshine Bitcoin by 150%.
Another expert, AskCryptoWealth, posted a chart that showed the value of the cryptocurrency rising to $2,670. In the case of an uptrend, Ethereum (ETH) has two major resistances on its way. They include the 50-SMA at $2,549.41 and the 200-SMA at $3,093.12.
Chainlink (LINK) Price Targets for Bull Season
Chainlink (LINK), a real-world asset token, is also among the best cryptos to buy ahead of the bull season. It is currently trading between $9 and $13 on the monthly level.
Currently, Chainlink crypto is under mixed sentiment: a 13% price decline on the weekly chart and an increase of 8% on the monthly timeframe. Despite the battle between bears and bulls, analysts are positive about the Chainlink price.
They expect a rally to occur soon as the adoption of Chainlink’s data feed and CCIP continues. Cryptoharo forecast the value of Chainlink coin could surge to $15 in the coming weeks. Another analyst, Alain_Arends, gave a more bullish forecast, saying the Chainlink (LINK) value might rally to $24.
IntelMarkets (INTL) Brings Advanced Trading Tools To Retail Traders
IntelMarkets (INTL) is a dual-chain trading platform that seeks to offer robust trading tools to retail traders. The term ‘dual-chain’ means that Intel Markets is working within two blockchains, namely Ethereum and Solana.
This structure of having two chains has several benefits to traders. It provides investors with high speed, low cost, high transaction frequency, and high throughput. Furthermore, IntelMarkets provides an AI trading bot which is the main instrument of the platform. It can be used by investors to view the pricing of digital currencies and set targets.
Also, perpetual futures can also be traded in the IntelMarkets platform. Some of the features of IntelMarkets include advanced charting software, Intelli-M Multi-channel analysis tool, Intell-Array technology system, and risk management tools.
Presently, IntelMarkets is still in the presale phase, during which many individuals have shown interest, and the platform has managed to raise over $910k in less than four months. As of now, the native token INTL is trading at $0.027364, but some analysts predict that the DeFi coin will increase by 10x in the near future.
Conclusion
As the market looks forward to a rally, smart investors are already doubling down on top altcoins like Ethereum (ETH), Chainlink (LINK), and IntelMarkets. Analysts have tagged them as the most promising coins that are ready for a breakthrough. For those who want to make money off the next bull run, these are the best altcoins to buy for huge returns.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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