The first half of October saw little action in the crypto market, but investors are looking forward to a more dynamic second half. Stellar, Toncoin, and Cardano are in the spotlight, offering significant growth potential in Q4.
Stellar: Competitor in Cross-Border Payments
Stellar (XLM), seen as an alternative to XRP in cross-border payments, is trading at $0.09 with a market cap of $2.67 billion. XLM has been moving sideways, seen as accumulation by investors. Analysts predict that if Stellar breaks out of its current formation, its value could surge by 45%, first breaking through the $0.13 resistance and potentially reaching $0.24.
Confidence in Toncoin from Large Investors
Toncoin (TON) is drawing interest from investors due to its unique features and airdrop campaign. Despite a recent 1.4% dip, TON is correcting along a downward trendline. Santiment data shows large token holders progressively increasing their positions since August, signaling confidence in the project.
Cardano's Quiet Growth
Cardano (ADA), another strong rival to XRP, is trading at $0.34. It forms a triangle, indicating potential long-term growth. If ADA maintains this trend, the price could break past the $0.39 mark, signaling recovery.
As we move further into the fourth quarter, these altcoins could outperform XRP under the right market conditions. Technical indicators and movements of large holders will be key to crafting the right strategy for investors.