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3 Cryptocurrencies to Watch for Explosive Growth - 5000% Growth Potential
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The crypto market sentiment was optimistic on Friday. Most major cryptocurrencies rebounded strongly after declining on Thursday, and investors are evaluating which Altcoins might be the best choice to buy now if there is a strong rebound in the second half of October.
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The major Altcoins Ethereum (ETH) and Solana (SOL) rose 2% and 5% respectively in the past 24 hours. The strong rebound after the Thursday decline is a positive signal, indicating strong demand for buying the dip. This increases the likelihood of a strong market-wide rebound in the second half of October.
For new investors, BTC is a strong candidate for the most worthwhile cryptocurrency to buy currently. It may rise further by 60% this year, but it is also the oldest, most well-known, most widely adopted, most decentralized, and most secure cryptocurrency.
However, some experienced crypto investors with large BTC holdings are seeking higher beta investments. Smaller and less well-known Altcoins may be their best choice.
Here are some strong-performing cryptocurrencies that may be the most worth buying now.
Now the most worth buying cryptocurrencies - which Altcoins are the most worth buying?
UNI
UNI is the governance token of Uniswap, a decentralized exchange launched on the Ethereum blockchain in 2018. UNI allows holders to vote on platform development, fee structure, and token distribution.
Uniswap's automated liquidity protocol supports orderbook-less trading and grants users full control over their funds. The token's appeal in the current market cycle may attract those focused on DeFi governance and the development of decentralized exchanges.
JUP
Jupiter (JUP) is a prominent DeFi platform on the Solana blockchain. It is the world's most popular decentralized exchange (DEX) aggregator, pooling resources to enable efficient token swaps, perpetual futures trading, and decentralized stablecoin management.
Jupiter initially focused on liquidity aggregation and now includes GMX-style perpetual futures, and plans to launch its own decentralized stablecoin to address custodial and regulatory risks. These developments have seen significant growth for Jupiter in the Solana ecosystem, highlighting the potential of its technology.
WIF
The Solana-based meme coin dogwifhat (WIF) was another strong performer on Friday, rising 13% to around $2.76 and testing key resistance levels. In fact, WIF appears to have formed a bullish ascending triangle pattern, suggesting a likely breakout in the near term.
WIF could potentially rally nearly 2x quickly. But as the leading Solana meme coin, WIF's long-term prospects are strong, making it a candidate for one of the most worth buying cryptocurrencies currently. WIF and MOG can easily 5x from current levels. However, meme coin investors seeking greater upside potential need to get into newer, smaller meme coins before they start gaining popularity.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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