As Bitcoin’s price movement begins to acquire positive bullish momentum, the month of October appears to be promising for altcoins.
Historically, when Bitcoin rises in price, this turns out to be a precursor of a bullish wave on the rest of the market, with other altcoins being discharged.
This October, some of the promising altcoins include PEPE, DOGS, and particularly the rising Rexas Finance (RXS), which seem to have great potential.
These three altcoins have been in the spotlight due to their ability to leverage on the positive shift in Bitcoin with each of them having different merits for both the short-term and long-term traders.
Let’s look into what fuels these altcoins and how they could make the month of October a promising month for crypto traders and investors.
PEPE: the meme coin with viral trends
PEPE, a digital currency named after the viral frog meme has demonstrated that there is some demand for meme coins on the cryptocurrency scene.
Due to its community drive, PEPE has become one of the top meme coins and its focused indications on social media networks have helped entice retail investors looking for quick returns.
Given that most meme coins are social and TPS-reliant, PEPE is also expected to chase the market as the price of Bitcoin improves.
Despite being a very risky investment, PEPE is still worth keeping an eye on due to its tendency to experience volatility at the height of the bull runs.
The coin has managed to withstand the recent downturns in the market and with Bitcoin possibly spearheading another upward trend in the market; PEPE stands a chance to once again ride the wave of meme coin frenzy.
For those intending to capitalize on the meme madness in October, it would be prudent to consider PEPE as returns will be there in a short time, although not without chances of losses.
DOGS – new entrant of the meme coin market
Just like PEPE, DOGS is another meme crypto coin that is making rounds in crypto within a short period.
With its colorful marketing messages and community-driven development, DOGS is aiming to become the next big player in the meme coin market.
In a scenario where the success of the meme coins hinges on their virality and enjoyment from the community, DOGS has managed to prove that it can capture a lot of attention.
The growing enthusiasm concerning DOGS coincides with the renewed popularity of meme coins.
Should the bullish sentiment in Bitcoin be sustained in October, DOGS could see some price appreciation.
It is the community that is continuously increasing and the social presence is also essential in the actual coins increment since they have been vital in meme coins like Dogecoin and Shiba Inu.
Those investors looking for a very sharp risk for concomitant high rewards may find that DOGS can be an attractive investment in October.
Rexas Finance (RXS): game-changer in RWA tokenization
If PEPE and DOGS target the speculative side of the market, then Rexas Finance (RXS) sits squarely on the other end of the spectrum as a utility-based altcoin with actual use cases.
Rexas Finance is a platform for Real World Assets (RWA) tokenization that allows anyone to mint, and trade assets on the blockchain namely real estate, commodities, and other precious items.
Unlike meme coins that come and were built based on market sentiments, the RXS is based on real practical utilization in the ever-expanding RWA market.
Rexas Finance officially commenced its very first presale and achieved outstanding success in terms of participation, as the soft cap was reached in less than three days, and over $450,000 was raised.
This growing appetite also underscores the growing adoption of RWA tokenization as a trend within the crypto ecosystem that is witnessing growth.
RXS provides investors with exposure geared towards the advancement of asset management’s more equitable norms by enabling better access to pricey assets and fractional ownership.
For the reason alone that the total value of the current real estate market is over $379 trillion, there are enormous possibilities as to how RXS will transform this industry.
It is an undeniable fact that Rexas Finance will be at the forefront of this shift due to the disruptive capability of Blockchain technology in the traditional asset management space.
Therefore, those looking for a utility token for a longer time frame should keep RXS on their watch list from October and the years to follow.
Why confidence in these altcoins is justifiable
Over the past many years, one pattern that is yet unquestionable has been that Bitcoin price action has always served as the driving force behind any rallies in all coins.
In most cases when there is a rally in the prices of Bitcoin, the alt market tends to be a mirror image, except that the best-performing tokens are usually the ones that have strong brand support, strong narratives, and practical applications in the physical world.
For the PEPE and DOGS, these two have common ground, engaging in the newly emerged infatuation with meme coins, and the associated community, while Rexas Finance (RXS) targets investors with a more realistic investment approach.
Experts believe these altcoins can experience a major surge in prices as more attention towards Bitcoin increases when more investors start diversifying into cryptocurrencies.
Bullish October ahead
According to experts, in October mass adoption for altcoins appears to set in as bullish movement on bitcoin commences for the second time.
While PEPE and DOGS thrive on speculative meme coins, Rexas Finance (RXS) targets long-term asset management.
All three of them are potential beneficiaries of the subsequent future growth of the cryptocurrency market.
Expanding development of the assets compared to further probabilities receives attention in the likely strong bull market.
After making good ground at the beginning of the month, October is a possibility I think these altcoins will finally herald the return of strong bullish momentum towards altcoins, thus would be an opportune time to invest in these altcoins.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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