Top 10 Coins for October 2024
Summary
TLDRIn this video, the host discusses the top 10 cryptocurrencies to watch in October 2024, a potential start to a bullish market. Telegram's TON is highlighted due to its network effect and user base, despite legal issues. Other coins like SUI, Pyth, and NEAR are also看好 due to their ecosystems and potential for growth. The host suggests keeping an eye on tokens related to AI and crypto, and mentions meme coins like Floki and Pepe for their potential upside.
Takeaways
- 📈 Top 10 Coins for October 2024 are anticipated to start the bull run.
- 💡 TON (Telegram Open Network) is considered promising despite legal issues due to potential user base and network effect.
- 🎮 Games like Caton's and Hamster Combat are popular on Telegram, indicating strong marketing and network effects.
- 🚀 SUI is highlighted as a low market cap project with significant hype and a user-friendly blockchain.
- 🔮 PYTH is seen as a promising Oracle solution, especially with adoption by TON and Solana.
- 🌐 NEAR is valued for its potential in both AI and crypto, with partnerships and positive market sentiment.
- 💻 R&DRR is expected to benefit from AI and crypto industry hype, despite past network issues.
- 💰 TIA has secured substantial funding, indicating potential for network and ecosystem expansion.
- 📈 SEI, though less known, has a lower market cap and room for growth similar to SUI.
- 🌌 AERROW Drome is growing and could be a good investment, despite concerns about token dilution.
- 🐶 FLOKI, a meme coin, is still considered bullish due to association with Elon Musk and potential ecosystem development.
- 🌀 CENT (Centrifuge) is suggested as a riskier but potentially higher ROI option compared to Ando, which has an upcoming token unlock.
Q & A
What is the significance of discussing the top 10 coins going into October 2024?
-October 2024 is anticipated to be the start of a bull run in the cryptocurrency market, making it crucial to identify promising coins that could potentially perform well during this period.
Why is Ton mentioned as a positive investment despite legal issues?
-Ton is seen positively because its founder, Durov, is working with the government to resolve legal issues. This cooperation is viewed as a positive step that could alleviate tensions and enhance the project's prospects.
How does the speaker view Telegram's potential in relation to Ton?
-The speaker believes that Telegram's user base will not significantly decrease and that Ton will use Telegram to promote its services, leveraging the network effect and marketing capabilities of Telegram.
What is the speaker's opinion on the recent network issues faced by Telegram?
-The speaker acknowledges Telegram's recent network issues but draws a parallel with Solana, which also faced issues but eventually became successful, suggesting that Telegram could overcome its challenges.
Why is Sui considered a promising investment according to the speaker?
-Sui is considered promising due to its lower market cap compared to Telegram, the hype surrounding it, the quality of its blockchain, and its potential to follow in Solana's footsteps with effective marketing.
What does the speaker think about Pyth as an investment?
-Pyth is seen as a strong investment option because it is an Oracle with significant promise, especially with adoption by top chains like Solana and Ton, positioning it to become a major Oracle in the market.
Why does the speaker believe in the potential of NEAR Protocol?
-The speaker is bullish on NEAR Protocol because it integrates both AI and crypto, which are currently popular sectors. The speaker also notes that positive statements from influential figures could lead to price pumps for NEAR.
What are the speaker's thoughts on R&D (Render and Development) in the context of the cryptocurrency market?
-The speaker is positive about R&D because of its association with AI and crypto, its partnerships, and its potential to render 3D models for major companies like Apple. Despite past troubles, the speaker believes R&D has recovered and is poised for growth.
Why is the speaker cautious about investing in Tia right now?
-The speaker is cautious about Tia due to its recent significant price increase of 20-25%, suggesting that it might be overvalued at the moment and recommending caution before investing.
What is the speaker's view on SEI as an investment opportunity?
-SEI is seen as a potentially good investment due to its lower market cap compared to Sui and its room for development. The speaker believes that even if SEI does not grow as large as Sui, it could still offer similar returns due to its lower starting point.
Why does the speaker recommend looking into Aerodrome and Velodrome?
-Aerodrome and Velodrome are recommended because they are growing rapidly, and there is speculation about a potential base token. The speaker suggests that if a base token does not materialize, investors might default to Aerodrome and Velodrome as base-related tokens.
What is the speaker's opinion on Flaky as a meme coin investment?
-The speaker is bullish on Flaky despite having lost their tokens, believing in the coin's ecosystem development and its association with Elon Musk's pet dog, which could lead to a price pump during a bull run.
Why is Centrifuge considered a better investment than Ando according to the speaker?
-Centrifuge is considered a better investment than Ando because of its lower market cap and higher potential for return on investment, despite the risks. The speaker is concerned about a large token unlock for Ando in January, which could affect its price.
Outlines
🚀 Top 10 Coins for October 2024 and the Potential Start of a Bull Run
The video kicks off by discussing the top 10 cryptocurrency picks for October 2024, which is significant due to the potential start of a new bull market. The first pick is Toncoin, the native token of the Telegram Open Network. Despite facing legal issues, Telegram's large user base and network effect, boosted by popular games like Caton's Hamster Combat, are seen as positives. Toncoin's lower market cap, compared to competitors like Solana, gives it room for growth. The speaker remains optimistic, citing the network's resilience even through setbacks like Telegram's occasional network issues.
💰 Sui and Pyth: Promising Coins with Growing Ecosystems
Sui is the second coin mentioned, praised for its lower market cap and solid blockchain technology. The speaker draws parallels to Solana's success and emphasizes Sui's rapidly growing ecosystem, particularly in decentralized finance (DeFi). Pyth, Solana’s Oracle, is highlighted as a key project to watch, being adopted by multiple top-tier chains, including Ton. With strong potential outside of Chainlink, Pyth is seen as a major player in the growing Oracle sector.
🔮 Near Protocol, AI, and Crypto Potential
Near Protocol is the next featured coin, with the speaker predicting a price target of $30–$40 or higher. The appeal lies in Near's integration of AI and crypto, which are hot topics in both technology and finance. The speaker notes positive sentiment around Near, partly due to public support for AI and crypto from key figures. Near's potential growth is further bolstered by its partnerships and expanding ecosystem.
🎨 Render Network (R&RR) and AI Hype
Render Network (R&RR) is another recommendation, with a focus on its role in rendering 3D models for major companies like Apple. Despite facing challenges earlier in the year, Render has overcome them, and the speaker believes the current AI and crypto hype will propel the token. R&RR is expected to perform well as AI continues to be a driving force in the industry.
💼 TIA and SEI: Low-Cap Coins with Big Potential
TIA, having recently secured $100 million in funding, is described as a well-funded project with significant potential for future expansion. The speaker advises caution due to its recent price surge but believes it is a long-term play. SEI, on the other hand, is noted for its lower market cap and slower growth compared to Sui but still holds promise. Despite being raw in development, its lower valuation gives it room for significant returns.
🪙 Aerodrome and Velodrome: Base-Based Protocols with Growth Potential
Aerodrome, tied to the Base protocol, is another coin to watch. The speaker acknowledges concerns about token dilution but remains optimistic about its future growth, especially with the absence of an official Base token. Velodrome is also mentioned as a related project worth considering. Aerodrome is positioned as the go-to decentralized exchange (DEX) for Base, which could lead to more users flocking to the platform.
🐶 Meme Coins: Floki Inu and Pepe
Despite losing personal holdings in Floki Inu due to theft, the speaker remains bullish on the coin, citing its association with Elon Musk's dog and potential to pump during a bull run. The speaker also mentions Pepe as another meme coin that could see significant growth. Both are noted for their speculative nature, but their connection to cultural trends and the meme ecosystem makes them intriguing picks.
🏦 Centrifuge and Ando: High-Risk, High-Reward Real-World Asset Tokens
The final recommendation is Centrifuge, a low-cap token involved in real-world assets (RWA). Although the speaker is cautious about Ando due to an upcoming token unlock, Centrifuge is highlighted for its greater return potential due to its lower market cap. This makes it a higher-risk investment but one with considerable upside if the RWA sector gains traction.
Mindmap
Keywords
💡bull run
💡TON
💡network effect
💡SUI
💡Oracle
💡NEAR
💡R&D
💡SEI
💡Aerodrome
💡meme coin
💡Centifuge
Highlights
October 2024 is anticipated as the start of the bull run for cryptocurrencies.
TON (Telegram Open Network) has legal issues but is cooperating with the government.
Telegram's user base is not expected to decrease significantly.
TON will use Telegram to promote its services, including airdrops and games.
Catans and Hamster Combat are popular games on the TON network.
Telegram has had network issues but is expected to recover like Solana did in the past.
Telegram's network effect is seen as a positive factor for its growth.
SUI is considered the second top coin with a lower market cap than Telegram.
SUI has a user-friendly blockchain and is following Solana's marketing strategy.
SUI's ecosystem is growing with many projects and D5 protocols.
PYTH is seen as a promising Oracle service, especially after TON's adoption.
NEAR Protocol is expected to rise in value due to its association with AI and crypto.
R&R has partnerships and is expected to benefit from the hype in AI and crypto.
TIA has secured significant funding and is expected to expand its network.
SEI, despite being somewhat forgotten, has a lower market cap and potential for growth.
AERDR is growing and could continue to do so, despite concerns about token dilution.
Meme coin FLOKI is still considered a promising investment despite recent setbacks.
PEPE is expected to rise in value as part of the meme coin trend.
CENT is identified as a pure r token with high potential and a lower market cap.
ANDO is considered risky due to an upcoming token unlock in January.
Transcripts
all right guys we're going to talk about
top 10 coins going into October
2024 and this is important because
October 2024 is when we might actually
start the bull Ron so let's actually
start off with ton yes durov does have
legal issues but he is actually working
with the government and I see that as a
positive I don't think ton is uh
telegram is going to lose most of its
users and ton is going to use telegram
to promote their stuff I mean like the
the whole like airdrop thing uh the
games Caton's hamster combat they
wouldn't be nearly as popular without
telegram the actual app the marketing's
obviously going to be connected and that
does have a network effect uh Catans and
hamster combat are some of the most
popular gamei out there and Caton's
800,000 paying customers is pretty
impressive uh no matter which way you
look at it yes I do understand telegram
has had some network issues lately but
you know what salana had network issues
and a lot of them in a couple of years
ago and they still ended up being really
big so I can definitely see telegram
leveraging their Network effect and I am
still positive on telegram although uh
you could look at some of the telegram's
ecosystem tokens as well I think in the
top 10 coins I'm probably most bullish
on telegram mainly because sana's um
market cap is too high and telegram is
much lower and they still have a lot of
people they can actually onboard and I
do think like dra off actually
cooperating at least some with
authorities will actually loosen up some
of the tensions on telegram that they
have with the authorities so telegram is
number one sui is the second one um sui
is a much lower market cap than Telegram
in the 20s I do believe it'll do really
well there's a lot of hype for it the um
blockchain itself is actually pretty
nice to use and they're kind of trying
to follow in the salana strain we know
that salana has been doing very very
very very well with their marketing and
I think sui kind of following up with it
they have a lot of projects on there
they have a lot of D5 protocols and
their ecosystem is growing and you got
to look at ecosystem growth for these
coins uh if you're going to invest in
them so sui is another one that you
could look at putting some of your money
into I like pyth as well I think besides
chain link it's probably the Oracle with
the most um with the most promise it is
salon's Oracle but more than that ton
has adopted it as well so you have like
two top 10 chains that are looking to
use pyth for their primary Oracle
Outside of Chain Lake it's probably
going to be the biggest Oracle out there
in my my opinion and there's a lot of
room for growth on pth so I would
definitely look at that as an investment
as well uh I like near still because I
do still think near can get to like $30
$40 basically uh maybe even higher uh
Harris just said she's very pop U
positive on both Ai and crypto and near
has both Ai and crypto written in it so
I do believe near has a lot of room to
sore and I do think because of those
statements um near will actually get
pumps from like regular like from a
regular toy standpoint and just from a
coin standpoint you have R&R once again
Ai and crypto it's got some Partnerships
um and the thing is like I do think they
do render like 3D models for like apple
and some of the other big guys uh
they've had a little bit of trouble a
few months ago but I think they've
actually gotten over that by now and I
definitely think that um you know like
with the hype in AI with the hype in
crypto and just in the industry overall
I think r& drr is going to do really
really well you have Tia they just
secure hundred more million dollar in
terms of funding so they are very well
funded for the next several years I do
believe they can use that to expand
their uh Network and their ecosystem I
do believe they have a lot of future
potential yes they did just pump like 20
25% so I would be a little bit careful
buying it right now obviously but I
think just like for the future um Tia is
an excellent crypto to actually look at
SEI is one that's kind of like been
forgotten um and uh unfortunately
it hasn't really grown all that much but
it was kind of mentioned in the same
breath as sui and some of the other
coins now I don't think it's going to be
as big as SOI but the thing is it's also
a much lower market cap right now and I
still think it has room for development
I think it's a lot more raw than SOI
right now but because of the lower
market cap it can achieve some of the
same type of Roi even if the network
doesn't end up being quite as big so SEI
is another one that you might want to
look at aerrow Drome obviously it's been
growing a lot recently and I think it's
going to continue growing yes there is
concerns to me about the dilution of
Aerodrome tokens um not too much though
because I do think like base is going to
be very very big and as I'm writing this
there is still no uh indication of a
base token so I think people will
actually default to aerody Drome if they
actually want to buy base because that
is going to be like most like mostly a
base based deck and that's the biggest
one I've actually heard about you might
also want to attach Vel Drome to it as
well but still aerody Drome is probably
the one I would actually look at got a
mention uh meme coin flaky I'm still
like even though I don't have any more
flaky tokens they got stolen I'm still
very very um bullish on flaky I do think
like they're building the ecosystem I
don't know so much about the ecosystem
but I do think like their icon uh the
fact that they're somewhat associated
with Elon Musk his pet dog or whatever
during the borun I do think the dog is
going to do something and it's going to
pump so Floy enu uh definitely still one
I would look at I would also look at
like stuff like Pepe because I'm pretty
sure Pepe is going to go up as well and
of course you got to have like a pure r
a token and that is centrifuge now I'm
not going with Ando right now because I
do believe that Ando has a big unlock in
January so I'm a little bit worried
about that but up until like December I
think Ando should be fine um centrifuge
obviously a much much lower market cap
much more potential uh they're decently
known in the rwa world and I think they
have potential to actually make some
noise obviously it's going to be very
risky buying cuge instead of Ando but I
do believe their Roi possibility is
higher so those are my top 10 picks
going into October like And subscribe
hit the Bell notifications button leave
a comment and I will see you guys later
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