A top analyst in the community, MikybullCrypto, announced to his Twitter followers that an altseason is around the corner. By his estimates, the altcoin dominance indicator has entered an expansion phase and the MACD bullish cross has occurred. Thus, recognizing this new potential trend, other analysts have chosen Ethereum (ETH), Toncoin (TON), and IntelMarkets (INTL) as the best altcoins to buy now. Now, let us look at the possible price levels for these altcoins in Q4.
Ethereum (ETH) Open Interest Spikes to New High
Ethereum, the largest altcoin by market cap, has been experiencing massive gains in the last section of September. Its price pumped 11.7% between September 17 and 19, hitting a three-week high of $2,572. This upward movement coincided with a similar rise in Ethereum futures open interest.
Data showed that Ethereum’s futures open interest jumped to 4.66 million ETH on September 19th. This figure is the highest level seen since January 2023, a sign of high demand for leveraged positions.
For now, the Ethereum coin still retained an upward trend and has a 14% rise on the 14-day chart. Considering the developments in the Ethereum crypto space, this year looks promising for ETH.
It is currently above the 50-day SMA at $2,545.19. CryptoPatel told his followers that the Ethereum price could pump to $5,500-$6,000 in the next few months.
Toncoin (TON) Active Addresses Surge
The Open Network has been growing in the past month. Currently, Toncoin has achieved new features as its active addresses have outshined some of the largest blockchains in the market, according to data from IntoTheBlock.
The data shows the number of daily active TON addresses reached 3 million in the first week of September. The TON network even surpassed the number of active addresses observed on major layer-one networks such as Bitcoin and Ethereum.
In other news, the Toncoin token has also shown remarkable growth, soaring 10% in the biweekly timeframe. The coin is currently trading above the 200-day SMA ($5.55) and is edging toward the 50-day SMA at $5.85.
Based on its connection to the Telegram messaging app and the latest adoption in the past month, analysts forecast that Toncoin price could surge to $18.62 before the year runs out.
IntelMarkets (INTL) Shows Huge Long-Term Potential
IntelMarkets (INTL) is one of the very few cryptos that have demonstrated positive price action in the last month. Its price rose by 100% in the last month alone. The price of INTL jumped from $0.009 to $0.018 while it has raised over $490k in its crypto ICO. IntelMarkets is new and has the potential for massive growth this year, which might make it the best altcoin for newbies.
There has been a lot of talk about IntelMarkets because of the project creating a crypto trading platform that could transform the $36.5 billion crypto trading platform market with AI. IntelMarkets can revolutionize crypto trading through AI – a global trading sector projected to reach $347 billion by 2030.
Its AI-based blockchain will provide traders with advanced trading tools like AI bots, customized charts, risk management tools, etc. IntelMarkets even has a dual-chain structure, supporting Ethereum and Solana blockchains. That makes trading faster, fees lower, and gives traders access to high liquidity and smart contracts.
IntelMarkets also has self-learning bots that investors can train to follow given trading strategies or particular risk levels or patterns. Currently, in the second stage of its presale, analysts forecast the value of IntelMarkets coin could increase by 10x before the year runs out.
Best Altcoins to Invest in for Gains in 2024
The altcoin market is showing positive sentiment right now, according to MikybullCrypto. Investors, whether old or new, who want to be part of the upcoming altseason can double down on Ethereum (ETH), Toncoin (TON), and IntelMarkets (INTL) as they monitor the market.
Discover More About IntelMarkets:
Presale: https://intelmaretspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Source: https://www.thecoinrepublic.com/2024/09/25/three-promising-coins-to-buy-in-q4-ethereum-toncoin-and-intelmarkets/