Connect with us

Hi, what are you looking for?

Crypto News

3 Solana Based Coins to Buy to Turn $100 to $10000 in October

The cryptocurrency market often adopts a bullish outlook during Q4, providing potential buyers with promising investment opportunities. As we enter October, here are three Solana-based coins that could offer massive returns, with the potential to turn a $100 investment into $10,000.

Top 3 Solana Coins to Multiply Your $100 Investment in October

According to Cryptorank data, the SOL price often performed well in October, projecting a four-year average growth rate of 18.7%. This bullish narrative could boost the Solana-based coins to drive a sustained recovery.

Solana Monthly Returns | Cryptorank

Dogwifhat (WIF)

Dogwifhat (WIF), the Solana-based meme coin, is known for its playful branding, which features a Shiba Inu wearing a beanie. Defying the low volatility trading on Tuesday, the WIF price surged over 15% to hit the $2 psychological level and provide a decisive breakout from a falling wedge pattern.

This breakout signals end of correction trend and bolsters buyers for potential rally to $4, followed by a $4.8 high. According to Coinglass, the WIF funding rate surged to 0.0073%, indicating that buyers are ready to buy at a premium price to hold the asset in a long-term position, indicating strong confidence for future rallies.

WIF Funding Rate | Coinglass

Helium (HNT)

Helium (HNT) is a decentralized network designed for the Internet of Things (IoT) devices, allowing low-power wireless devices to communicate with each other over long distances. 

Contrary to other Solana coins, the HNT price has showcased a steady recovery since early July 2024, uplifting its value from $2.93 to $7.36— a 150% growth. An analysis of the weekly chart shows this upswing assisting in forming a well-known reversal pattern called cup and handle.

If the pattern holds, the Helium price could rally 42% before offering the crucial resistance at $10.48.

Jupiter (JUP)

Jupiter (JUP) is a decentralized exchange aggregator built on the Solana blockchain, designed to provide the best token swap rates across various liquidity sources. In the last three weeks, the JUP price displayed a V-shaped recovery from $0.658 to $0.859, registering a 30%.

Similarly, JupitJupiter’sl volume locked (TVL) surged from $962.4 Million to $1.18 Billion, accounting for a 22.6% jump. This increase indicates more capital is invented in JUP’sJUP’sprotocol and signals growing user confidence.

With sustained buying, the Juiper coin price is 6% away from a major breakout from the falling wedge pattern.

Also, check out the other top Decentralized Exchanges for leverage Trading.

The post 3 Solana Based Coins to Buy to Turn $100 to $10000 in October appeared first on CoinGape.

You May Also Like

World News

US Secretary of State Marco Rubio will discuss the possibility of deporting suspected Tren de Aragua gang members to El Salvador in an upcoming...

Science&Tech News

Consumer rights group Which? is suing Apple for £3bn over the way it deploys the iCloud. If the lawsuit succeeds, around 40 million Apple...

Science&Tech News

Battle lines have been drawn between the almost 200 countries meeting in Azerbaijan as they seek to agree a new pot of money to...

Crypto News

The Bank of Russia has issued a directive for financial institutions to prepare for the integration of the digital ruble. The move aims to...