As the market enters a crucial period in October, following the best crypto traders who provide timely advice and have a deep understanding of emerging trends can be the way to stay ahead.
Whether you’re looking for technical insight, smart portfolio rebalancing, or a change in market sentiment, these crypto traders can provide a significant edge. Here are the top five to follow in the coming month.
Miles Deutscher
Crypto trader Miles Deutscher has taken the top spot, especially recently, when he shared what the community calls a “gem.” On X (formerly Twitter), Deutscher has 541,500 followers and is known for providing tips on altcoins and meme coins.
For example, on September 25, a trader provided a list of altcoins and meme coins that could perform well in Q4 2024. The list includes AI-themed tokens, including Bittensor (TAO), the Artificial Superintelligence Alliance (FET), and NEAR Protocol (NEAR).
Other altcoins include Sui (SUI), Fantom (FTM), Pepe (PEPE), and Sundog (SUNDOG). The trader noted that FTM could reach $1 as the Sonic upgrade approaches.
“I’m still long at $0.38. It’s good to see that we’ve broken the ‘must break’ zone that I highlighted a few weeks ago. I think we can continue to rally as Sonic approaches,” the cryptocurrency trader wrote on X.
Single Crypto Trade
Another trader to follow in October 2024 is Dan Crypto Trade, who has 383,000 followers on X. The trader also runs a YouTube channel where he focuses on the price movements of Bitcoin (BTC) and altcoins. Recently, he shared on his X account that BTC’s performance is healthy and the coin could go higher.
Four days ago, Dan Crypto Trade posted a post on his YouTube page analyzing how prices would move after the recent Federal Open Market Committee (FOMC) meeting, which resulted in a cut in the federal funds rate .
In their analysis, traders opined that the broader market could remain bullish from October 2024 until the end of the year. So, if you are looking for one of the best cryptocurrency traders, follow this one.
Scott Melker
Scott Melker, known as the Wolf of Every Street, is a cryptocurrency investor and trader with 960,000 followers on X. Melker also has a podcast on YouTube where he talks about Bitcoin, with 151,000 subscribers.
In a podcast posted on September 27, Melker admitted that the bull market may be back. Citing the surge in liquidity, the analyst noted that billions of dollars in Chinese capital could help Bitcoin sustainably above $65,000.
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However, it is important to note that Melker also provides insight into Ethereum (ETH) in addition to BTC. So if you are interested in the two major cryptocurrencies, Melker is one of the best crypto traders to follow in October 2024.
PlanB
PlanB, an anonymous analyst, is the creator of the Bitcoin stock-to-liquidity model and one of the top cryptocurrency traders. Unlike others, this trader focuses solely on BTC and regularly provides tips and insights on the coin’s potential to the 1.9 million people who follow X account.
As before, PlanB once again mentioned that BTC’s long-term target could be in the millions of dollars. For the 2024-2028 cycle, the trader mentioned that the coin could jump to $500,000.
“As you all know my Bitcoin prediction for the 2024-2028 halving period was $500k on average with a SD band of $250k to $1m. The 2020-2024 prediction (made in 2019 when BTC < $4k) was $50k on average with a SD band of $25k to $100k. The 2020-2024 average was $34k. Some keep crying 'but $100k' but I think $34k is spot on,” PlanB emphasized .
However, it is important to note that most of the tips provided by this account are long-term, so if you have a short-term focus, you may want to follow other cryptocurrency traders.
Ansem
Rounding out this list is Ansem, one of the top crypto traders who has a good opinion on meme coins. Ansem has 495,000 followers on X and occasionally offers his views on BTC.
Ansem, who is famous for doubling his investment in Dogwifat (WIF), recently released a list of meme coins that could bring good returns . The list is valid from October of this year to next year. He also mentioned Solana, saying that it could hit a higher high from its current price.
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In conclusion, these traders do not always provide accurate insights. However, in many cases, their predictions have been correct. Nevertheless, it is important to do additional research before making decisions based on the information provided by these cryptocurrency traders.
