As November approaches, the cryptocurrency market is expected to see significant price changes in altcoins due to general market sentiment and upcoming network updates. Three tokens to watch closely are Jupiter, MANTRA, and Harmony.
Jupiter's price is projected to increase as the DAO starts voting on a governance proposal to adjust voting thresholds, potentially reaching a resistance level of $1.11. If it fails to breach this level, the altcoin may stabilize below resistance at $0.94.
MANTRA's mainnet launch generated excitement, but the uncertainty around the exact launch date impacted its price. If the launch fails to meet market expectations, OM's price could drop below the critical support level of $1.33, challenging the bullish outlook.
Harmony has seen a 20% drop in price, but this trend may reverse with an upcoming hard fork aimed at enhancing functionality and driving demand. If the hard fork successfully improves network performance, ONE's price could recover recent losses and reach levels above $0.013. However, if market conditions turn bearish, ONE's price may face a pullback to $0.011.
- Content Editor ( beincrypto.com )
- 2024-10-28
3 Altcoins to Watch in the Last Week of October 2024