CandleFocus Biggest Altcoin Gainers of the Third Week of October 2024
2024-10-20
Author: Content Editor
This week, Dogecoin, Worldcoin, and Ethena have emerged as the biggest altcoin gainers. Dogecoin saw a surge of 31.60% in price due to activity from crypto whales and support from Tesla CEO Elon Musk. It reached $0.14 for the first time since July and may continue to rise to $0.17 or even $0.20 if the bullish trend continues. However, if long-time holders sell, the price could drop to $0.12. Worldcoin gained 27.30% in price due to increasing investor interest and a rebranding to "World" and the launch of a Layer-2 called "World Chain." It could potentially surge to $4.94 if it breaks through the $2.95 resistance level. Ethena's price increased by 24.30% due to the launch of its synthetic-dollar protocol, USDe, on the Solana blockchain. It may reach $0.70 in the short term if the positive momentum continues, but traders should be cautious of the $0.50 resistance level.
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