Why Selling These 3 Altcoins Before November Is a Stupid Decision

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As a seasoned crypto investor with a knack for spotting trends and a penchant for meme coins, I can confidently say that this Q4 rally could prove to be quite lucrative, especially for altcoins like Dogwifhat (WIF), Goatseus Maximus (GOAT), and SPX6900 (SPX).

As the crypto market shows increasing optimism in Q4, Bitcoin is nearly ready to surge past $70,000. With this newfound energy, it might prove advantageous for investors to hold onto these three altcoins instead of selling them now, as they appear set for a sustained uptrend into November.

Why Dumping These 3 Altcoins Before November Might Be a Big Mistake

The market for alternative cryptocurrencies, or altcoins, is picking up speed in preparation for a strong fourth quarter due to Bitcoin’s recent rebound to $60,000, which has sparked optimism about recovery. Meme coins, known for their quick responses to market changes, often make significant moves during rallies and can even surpass traditional altcoins in the short term. Notable meme coins to consider include Dogwifhat (WIF), Goatseus Maximus (GOAT), and SPX6900 (SPX).

Altcoins- Dogwifhat (WIF)

Over the past ten weeks, the meme token Dogwifhat, built on the Solana platform, experienced a significant surge from $1.07 to $2.97, representing a 177% increase. Lately, its price has dipped back down to $2.40 in an effort to regain bullish momentum, while its market capitalization decreased to approximately $2.41 billion.

Based on information from Coinglass, the WIF OI-Weighted funding rate stays at a level of 0.0082%. This implies that long positions continue to pay a higher cost to keep their trades open, suggesting that traders remain optimistic about the market’s future direction, even with temporary price declines.

Thus, the WIF price is better positioned to form a fresh higher low and drive a recovery past $3.

Goatseus Maximus (GOAT)

As a researcher delving into the dynamic world of cryptocurrencies, I find myself captivated by Goatseus Maximus (GOAT), an AI-created meme token that’s been turning heads in the crypto community. Its rapid growth and infectious virality have made it impossible to ignore.

9 days ago, I (as a crypto investor) sold my entire 15.15 million GOAT tokens for approximately 5 SOL, or around $727, according to data from Lookonchain. However, since then, the price of GOAT has recovered significantly, reaching $0.69 today, and boosting its market cap to a staggering $695.47 million. If I had held onto those tokens, they would now be worth over 15,883 SOL, or around 2.44 million dollars.

If the trader has held its current position, his profit would be more than $10M.

Will stupidmoney.sol regret selling $GOAT too early?

He sold all 15.15M $GOAT 8 days ago, turning 5 $SOL($727) into 15,883 $SOL($2.44M), a huge gain!

But if he had held on until now, his profit would be more than $10M!

— Lookonchain (@lookonchain) October 23, 2024

Contrary to many other alternative cryptocurrencies, Goatseus Maximus is persistently demonstrating robust recuperation without any indications of abating. It would seem unwise to liquidate this investment piece at this juncture.

SPX6900 (SPX)

As an analyst, I’m examining SPX6900 (SPX), an amusing Ethereum token that mimics the S&P 500. Currently, it’s priced at $0.79 and boasts a market cap of a substantial $731 Million. Over the last fortnight, its price movement has been relatively steady, confined between two trendlines converging in what resembles a bullish pennant pattern.

In essence, the structure of the chart suggests a temporary holding phase for the ongoing trend, allowing it to gather strength again. If this prediction holds, the popular meme cryptocurrency could see an increase of approximately 6.6%, potentially breaking free from the crucial resistance level that defines its pattern.

A potential breakout will accelerate the bullish momentum for a rally past $2.

Conclusion:

Considering the robustly bullish trends and market indications pointing towards possible further upswings, it might prove to be a missed chance if you forego purchasing WIF, GOAT, and SPX6900 before November. These altcoins are showing promising patterns in the market.

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2024-10-23 23:24