Top 10 Coins for October 2024

Crypto Angler

26 Sept 202406:04

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

00:00

🚀 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.

05:02

💰 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

A bull run refers to a significant upward trend in financial markets, particularly in the context of cryptocurrencies. It suggests a period of sustained growth in prices. In the video, the speaker anticipates October 2024 as a potential start for a bull run, indicating optimism about the market's future performance.

💡TON

TON (Telegram Open Network) is a decentralized platform developed by Telegram. Despite legal issues, the speaker views the platform positively due to its ongoing collaboration with the government and its potential to leverage Telegram's large user base for promotions and network effects. TON is highlighted as a top coin to watch, reflecting the speaker's bullish stance.

💡network effect

The network effect is a phenomenon where a product or service gains increased value as more people use it. In the script, the speaker mentions that Telegram's network effect could help TON succeed, as the more users it attracts, the more valuable its ecosystem becomes, exemplified by the popularity of games like Caton's and Hamster Combat.

💡SUI

SUI is a blockchain platform that the speaker believes will perform well due to its lower market cap and the hype surrounding it. The script suggests that SUI is following in the footsteps of Solana, another successful blockchain, indicating that the speaker sees potential for similar growth and adoption.

💡Oracle

An Oracle in blockchain refers to a service that provides external data to a blockchain, enabling smart contracts to access off-chain information. The speaker mentions Pyth as a promising Oracle, adopted by both Solana and TON, positioning it as a significant player in the blockchain data service space.

💡NEAR

NEAR is a blockchain platform that the speaker is bullish on, attributing its potential to the convergence of AI and crypto technologies. The speaker suggests that positive statements about AI and crypto, as well as partnerships, could lead to price pumps for NEAR, indicating a belief in its future growth.

💡R&D

R&D, or Research and Development, refers to the speaker's view that a company's investment in innovation can lead to significant advancements. The script mentions R&DRR, a company that renders 3D models and has partnerships with major companies like Apple, suggesting that such investments could drive its success.

💡SEI

SEI is mentioned as a coin with a lower market cap compared to SUI but with potential for development. The speaker believes that despite not being as large as SUI, SEI's lower market cap could offer similar returns on investment, indicating an opportunity for growth and ROI.

💡Aerodrome

Aerodrome is a token that the speaker sees as having growth potential, despite concerns about token dilution. The script suggests that if a base token is not introduced, investors might default to Aerodrome, positioning it as a significant player in the base ecosystem.

💡meme coin

Meme coins are cryptocurrencies that gain popularity through social media and internet culture, often based on jokes or memes. The speaker mentions Floki, a meme coin associated with Elon Musk's pet dog, and expresses bullish sentiment despite having no tokens, suggesting that the coin's cultural relevance could drive its value.

💡Centifuge

Centifuge is a token in the real-world asset (RWA) tokenization space. The speaker views it as having a lower market cap and higher potential for ROI compared to Ando, another token in the same space. The script suggests that Centifuge's focus on RWA could make it a noteworthy investment, despite the associated risks.

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.