Traditionally, October is a month when Bitcoin usually rallies and often massively so, earning it the nickname Uptober. This year is no exception, as BTC sallies past $28,000 for the first time in a long time.
Meanwhile, other cryptos like Solana (SOL) and Chainlink (LINK) have been benefitting this time of the year, but now we have a slew of new cryptos primed for huge gains in Uptomber.
Tokens like Bitcoin Minetrix (BTCMTX), Meme Kombat (MK), and TG. Casino (TGC), representing a new generation of cryptos, are making serious waves on the market. All three of them are currently in presale, with analysts agreeing that they are poised to explode as soon as they hit the open market.
Bitcoin alternative Bitcoin Minetrix Hits a Major Milestone in Presale
Bitcoin Minetrix has been trending lately on social media as an alternative to Bitcoin. A recent addition to the crypto world, BTCMTX has raised more than $800,000, hitting a major milestone in its presale. The new token promises major improvements over the aging Bitcoin blockchain, making it an ideal substitute for the world’s oldest cryptocurrency.
Its innovative cloud mining feature, dubbed Stake2Mine, offers an eco-friendly and more efficient alternative to traditional Bitcoin mining. Wasting enormous amounts of energy and using expensive mining rigs, Bitcoin mining has been one of the biggest sources of criticism not only of BTC but the entire crypto market. With BCTMTX’s novel approach, there is an opportunity to mine cryptocurrency without harming the environment or driving miners to bankruptcy.
With high staking yields, currently standing at over 1,200% annually, Bitcoin Minetrix offers one of the highest-yielding staking options on the market. To make things even better, you can stake your token even during presale, so you can generate profit while you are waiting for the token to appear on crypto exchanges. This is one of the reasons why the BTCMTX presale is going so well, as investors rush in to take advantage of this incredible offer.
Meme Kombat Is the Best Meme Coin for Uptober Gains
Meme coins usually rely on the hype created by their communities to drive their price. While the results of this approach are sometimes fantastic, the downside is that every hype eventually dies down, resulting in a sharp nosedive. Many of the most popular meme coins have gone through this cycle, some several times, and the end game is always the same. Users are left with worthless tokens they can sell for a fraction of what they have paid for them. Meme Kombat offers a new way.
Built with utility in mind from day one, Meme Kombat is a crypto gaming platform that offers its users a chance to bet on meme fights. The app features a meme combat arena, where popular memes are pitted against each other, and the winner is determined by a popular vote. MK token holders can bet their tokens and earn significant rewards if their preferred meme wins.
In Season 1, users will have a chance to bet on 11 memes based on popular meme coins of the past: Floki, Pepe, Pepe 2 Shiba, Sponge, Wojack, DogeBaby Doge, Milady, Kishu, and Mong. Each one of these will have a chance to test its popularity among users against the competition and provide its fans with massive monetary rewards.
A New GambleFi Star TG. Casino Ready for Uptober
One of the biggest issues new online casinos face is reaching their audience and securing a player base large enough to sustain them. TG. Casino doesn’t have that issue for a simple reason. The app is integrated into Telegram, one of the biggest messaging platforms in the world. That means ready access to millions of users already logged in and ready to play.
The unique setup is a powerful incentive for investors to consider adding TG. Casino to their portfolios, demonstrated by the rapid success of its presale. The app’s native token TGC, which will be used for all transactions, has already raised more than $600,000 since the presale started.
At this rate, the end of the presale phase will come much sooner than anticipated, leaving slow-moving traders empty-handed. The developers offered a full 40% of the total supply of 100 million tokens on presale, and almost half of them are already gone.
Once TGC starts appearing on crypto exchanges, analysts and crypto experts predict a huge explosion in price, leading to some massive gains for those fast enough to get in on the ground floor of one of the most exciting crypto projects of the year.
One of the biggest selling points for TGC is that its holders will enjoy some of the most lucrative staking rewards in the industry. A large chunk of casino profits will be used to fund these rewards, creating a sizeable passive income stream for people who decide to hold on to their tokens. This will also serve as a powerful supply stabilizer, creating significant demand pressure as holders will be unwilling to sell their tokens, driving the price upwards.
Will Solana Gain in Uptober?
Following a huge crash in November last year when its price tumbled from above $34 to just $13, Solana managed to recover much of its value in 2023. The recovery period started in January and saw SOL reach $27 by mid-June but then crashed again to $14. Since then, the token has been up and down, hovering between $17 and $23. The next resistance level is at $27, and despite fairly positive SOL price predictions, it is unclear whether it can breach it.
Solana’s support level at $18.5 seems well-supported, and it is unlikely that the token will dip below it significantly and for a prolonged time. However, its ceiling for 2023 doesn’t seem too high, as it is struggling to stay close to its resistance level.
SOL’s 50-day and 200-day exponential moving averages suggest that it is gaining momentum for a massive bullish movement. Whether the breakout will happen in October is anyone’s guess, but we are still not ready to recommend adding SOL to your portfolio at this time.
Chainlink’s Prospects in Uptober
Chainlink has demonstrated one of the most stable performances on the crypto market in the last 12 months. Its price stayed firmly in the $5 to $8 range despite the turbulence the rest of the market experienced.
Since mid-September, Chainlink has been trending upward, setting up the stage for gains in October on the wings of positive market sentiment. However, many investors fear that there isn’t much substance in LINK’s recent gains and are staying away from it. The only thing Chainlink has going for it is its recent history of stability.
At the start of October, we are witnessing a modest bullish momentum building, but there are no indications that LINK will manage any significant breakthroughs this year. The uptick in LINK’s price can be adequately explained by the overall Uptober upward trend affecting the entire market. At the moment BTCMTX, MK, and TGC represent far better investment options offering superior ROI in the short term.
Conclusion
October is a month in which we traditionally see a massive bullish behavior on the crypto market. This year, tokens like Solana and Chainlik exhibited significant gains in preparation for the Uptober run, but investors are still not convinced that they are the right choice. Instead, many of them are turning to rising stars like BTCMTX, MK, and TGC as far more profitable options for 2023 and beyond.
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