As the bullish trend in the cryptocurrency market gains momentum, the upside potential of altcoins has increased. Amid the recovery, the smart money is looking for the best altcoins that can deliver huge returns in Q3.
With bullish reversals and breakout rallies, these top altcoins are prime buys for 5-10x gains in Q3 2024.
Best Altcoin to Buy in Q3 2024: Braintrust (BTRST)
Despite the downtrend on the daily chart, Braintrust is providing several trend reversal signals. As the bull market approaches, jobs in the Web3 space will increase, which will drive fundamental growth for Braintrust.
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Moreover, with the recent reversal from the $0.444 level, the BTRST token price has gained 13% this week. The uptrend is on the verge of breaking the overhead trendline, signaling continued high momentum.
According to the Fibonacci levels, the uptrend can reach $1.71 or $3.9375 by the end of Q3 2024. Therefore, with a potential upside of almost 700%, Braintrust is one of the best altcoins to buy in Q3 2024.
JITO
With the DeFi sector on the rise, the JITO price trend is likely to surge in the coming months. Forming a triangle pattern on the daily chart, JITO shows volatility contraction and is preparing for a high momentum move with a breakout.
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The double bottom reversal of the triangle pattern with long tail formation increases the possibility of an uptrend. In addition, following the morning star pattern, JITO rose 18% in one day, breaking above the 50D EMA.
If the uptrend continues and a bullish breakout rally appears, the altcoin price will surge to $8.85. Moreover, the 2.618 Fibonacci level at $23 is likely to be JITO’s end-of-quarter target. Therefore, with a 750% target, JITO is one of the best altcoins to buy in Q3 2024.
NEIRO Ether
Despite several fakes in the market, NEIRO continues to surge into a rising wedge on the daily chart. A rising wedge usually leads to a bearish reversal as overhead volatility contracts. However, in a bull market, an increasing underlying demand for the bulls is expected to lead to a bullish breakout.
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NEIRO has been in a bullish trend since its inception, with a 350% bullish move, and has broken above $0.25. According to trend-based Fibonacci levels, the uptrend could reach $0.90 or $3.31 this quarter.
Therefore, NEIRO, which has the potential to surge 10x, would be the best altcoin to buy in Q3.