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Welcome to Uptober. October is one of the most crypto-friendly months in the year. Out of the last 11 years, it has 9 green years. Out of these, 8 years show double digits. The average uptrend is 22.9% per year. Only November has a better average. And the notorious ‘bad’ September even had green double digits. Do you see now how the name Uptober came into play? So, this means we’re looking at a hot month. Possibly the start of this bull run.
It’s still not too late to position yourself. This is the time when you can get big returns. Choose your next projects wisely, and you may see anywhere from a 10x to 100x or more. So, my team and I found these three pump altcoins for you. They should do well during Uptober.
Source: X
Sui ($SUI)
Sui ($SUI) is my first of the Uptober pump altcoins. In case you missed it, Sui has been on fire. The team didn’t call September ‘Suitember’ for nothing. There were plenty of new releases and exciting news making the headlines.
The $SUI token also did well. It currently ranks #20 measured by market cap. Its current price is $1.88, up by 115% over the last 30 days. It’s well on its way to storming into the top 20. $SUI has a market cap of $5 billion. It’s only weaker tokenomics point is that only 2.7 billion tokens out of a max supply of 10 billion circulate.
In early October, there’s a $SUI token unlock. Maybe this is good for a price drop. Last month, during a similar-sized unlock, the $SUI price dropped by 20%. If this scenario repeats itself, it’s a great opportunity to grab some more $SUI.
Suitember
Suitember started at the Korean blockchain week, in early September. Here, Sui opened subscriptions for their handheld gaming device, the SuiPlay0X1.
Other major news for Sui was that Circle will bring native $USDC to the chain. It’s after all the largest regulated dollar-backed stablecoin in the industry. Sui is also the first Move-based chain to have native $USDC.
BREAKING: @Circle’s native $USDC is coming soon to Sui
Additionally, Cross-Chain Transfer Protocol (#CCTP) will be launching on Sui, enabling developers to be able to build cross-chain flows from other chains (like @Solana, @Ethereum, and more).
This is huge for the Sui… https://t.co/klxqurAt3U pic.twitter.com/iamcolqqfK
— Sui (@SuiNetwork) September 17, 2024
Sui’s TVL is breaking record after record. It jumped 73% in one month, to $1 billion. It’s currently positioned as #7 of all chains in DeFi‘s TVL.
In August, Grayscale launched its Sui Trust. This performed well as you can see on the chart in the link. A Trust like this offers shares with $SUI as its underlying asset. It’s regulated and there’s no need for direct access to the asset.
So, plenty is going on at Sui, and it won’t stop here. $SUI is a serious pump coin for this bull run.
Chainlink ($LINK)
Chainlink ($LINK) is next in today’s list of pump altcoins. It’s also the leading oracle in the crypto sector. Blockchains need oracles, because they can’t communicate with the outside, real-life world. So, oracles make this connection between off-chain information to on-chain projects. See my recent video on Chainlink.
For example, oracles provide real-time updates on assets, like gold, stocks, or crypto. They can also give information about sporting events. Or how about the upcoming US election results, shipping or medical data? Not to mention DeFi, and there’s plenty more. Oracles can connect pretty much any off-chain data to on-chain projects. So, as you can see, oracles play an important part in the crypto sector.
As I already mentioned, Chainlink is the biggest oracle in blockchain. The $LINK market cap is 7x bigger than the next listed oracle provider. Chainlink has the first-mover advantage. It has been around since 2017.
One of the major new updates for Chainlink was the CCIP launch in July 2023. This is the Cross-Chain Interoperability Protocol. It’s also Chainlink’s flagship feature. It allows different blockchains to talk to each other. Or in other words, it’s like a bridge between chains. It allows you to not only send assets, but also information.
Chainlink also has a massive ecosystem. You can find Chainlink’s oracles back in pretty much every crypto sector. For example,
DeFi
NFTs
Gaming
Infrastructure
DAOs
Launchpads
AI
You name it, Chainlink is almost everywhere. The current $LINK price is going up and is at $12.76. Its market cap is $8 billion. Out of the 1 billion max supply of $LINK, 626 million circulates. It’s up 15% over the last 30 days, and it looks like there’s more to come.
Bittensor ($TAO)
Bittensor ($TAO) is the last project on today’s pump altcoins list. With Bittensor we’re moving into the AI sector. It calls itself ‘the first neural internet’. This project is all about machine learning. Now, AI is a hot crypto sector. So, pay attention!
Bittensor isn’t just about building slick apps – it’s tackling the core challenges in machine learning that tech giants are racing to solve. We’re focused on building faster, more efficient models and collecting better data to stay ahead of the competition. The real battle is… pic.twitter.com/AQVLidIvCX
— The Bittensor Hub (@TheBittensorHub) August 22, 2024
The $TAO token went up by 83% over the last 2 weeks and by 94% over the last 30 days. Its current price is $556. The market cap is $4 billion. Out of its max supply of 21 million tokens, 7.3 million circulate. It’s a fairly new project, so that’s fair enough.
In the list of AI projects measured by market cap, it currently ranks at #3. Close on the heels of;
#2 Internet Computer ($ICP), and it already surpassed
#4 Artificial Superintelligence Alliance ($FET).
Bittensor decentralized this machine learning process. The protocol also has a P2P (peer-to-peer) market for machine intelligence. In other words, machine intelligence becomes a tradable commodity. On their machine learning P2P market, you can share and team up with machine learning models. The AI sector is on fire and currently, Bittensor is leading the charge.
So, which of these three pump coins is your favorite and why? Or did I miss your pick for Uptober?
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
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Nermeen Nabil Khear