With the ongoing correction phase in the broader market, bullish traders are on the lookout for new bets in the altcoins sector. As the mainstream altcoins take a hit with the Bitcoin prices crumbling under $70K, the bearish clouds are growing darker over the market.
However, some hidden gems are making waves in the low-cap sector, which has seen massive gains in recent days. With massive engulfing candles teasing a range of bullish expectations, these altcoins come as the best bet altcoins for 5x-10x profits in the next quarter.
Farcana (FAR)
Farcana is a free-to-play, 3rd-person arena shooter built on Unreal Engine 5 with a Web3 economy. Set on Mars in 2073, players fight in 4v4 arena combat for Bitcoin rewards, competing for control over the powerful energy source Infilium.
With a bullish reversal to break above the resistance trendline, the 45% jump within the last 48 hours reveals a massive surge in demand. The bull run approaches the 50D EMA and another long-standing resistance trendline.
A bullish breakout could result in a massive uptrend in the FAR token. Further, an improvement in the gaming sector can provide an additional boost to its market price. Hence, the FAR token shows more than 5x potential in the third quarter of 2024.
Arcblock (ABT)
ArcBlock is a comprehensive platform for building and deploying decentralized blockchain applications. Utilizing the ABT ERC-20 token simplifies the creation and management of decentralized apps, marking a significant advancement in blockchain technology.
A retracement in the ABT token tests the 50% Fibonacci level and the 200D EMA. However, the bullish revival at the strong confluence of support reveals massive underlying demand at lower levels.
With a bullish engulfing candle, the ABT price is up by 14% today and teases a break above the 38.20% level. As the bull run continues after an 81% jump in May, the uptrend in Arcblockk can give 10x returns in the third quarter if the altcoin season arrives.
BEFE (BEFE)
With a mission to bring back the golden days of meme coins, the BEFE token aims for that era with no presale and zero taxes. Thus, the meme coin truly makes itself completely for the people. As the meme coins are rising to the crypto leaderboard, BEFE shows massive underlying potential.
With a massive jump of 141% in 8 hours, the BEFE token undermines the previous correction phase. Further, the rise in trading volume during the broader market correction improves the uptrend chances in the upcoming quarter.
Hence, the meme coin could give 5x-10x returns in the coming quarter or even in the coming days if the momentum is sustained.
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- Source: https://coinpedia.org/price-analysis/best-bet-altcoins-to-stack-now-for-5x-10x-profits-in-q3-2024/
