5 Best Altcoins to Buy Now on October 8 – OKB, BNB, Maker, GateToken

After a week-long holiday, Chinese stocks fell following a government briefing that offered no new economic recovery plans. This led to the largest monthly decline in the MSCI APAC stock index.

U.S. stocks also saw a decline, largely influenced by losses at big tech companies and heightened geopolitical tensions. The VIX index rose to 22 points, indicating increased market volatility. On the other hand, the volatility of cryptocurrencies remained stable, with initial implied volatilities at 43%. With the growing importance of digital assets, investors are looking for affordable tokens, especially best altcoins to buy now.

5 Best Altcoins to Buy Now

OKB is priced at $42.47, an increase of 1.58% in the last 24 hours. GateChain, a public blockchain, is designed to support digital asset transfers while prioritizing asset security. Binance also announced the Scroll (SCR) listing on its Launchpool and Pre-Market platform.

Meanwhile, Flockerz ($FLOCK) introduces a new concept in the coin space with its vote-to-win model and decentralized governance structure. Maker (MKR) is trading at $1,415.01, up 0.88% in the last 24 hours. Additionally, crypto-focused super PACs are targeting key races in swing states.

1. OKB (OKB)

OKB is trading at $42.47, showing an increase of 1.58% in the last 24 hours. Over the past 30 days, OKB has consistently performed well, with 21 out of 30 days closing above the opening price, reflecting a 70% success rate. Currently, the token is trading near its cycle high, suggesting strong market activity. As of October 8, 2024, general market sentiment remains bullish, supported by 23 technical indicators signaling positive momentum.

Looking ahead, OKB is expected to trade at around $42.52 on October 9, and the price will likely show modest growth in the coming days. By October 12, it could reach $44.05, an increase of 3.59%, and could further rise to $44.24 by October 13, a gain of 4.04%. .

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-OKX (@okx) October 7, 2024

OKB is expected to fluctuate between $42.52 and $43.54 this week. By October 14, the price could rise by 2.40%, reaching the upper target of $43.54. However, for the next week, the outlook suggests a slight decline, with the price potentially falling by 2.81% to $42.32 by October 21, 2024.

For the remainder of 2024, OKB is expected to trade in a wider range, from $40.21 to $56.86. If it hits the upper target, the token could rise significantly by 33.88%, reaching $56.86.

2. Door Token (GT)

GateChain is a public blockchain that facilitates digital asset transfers and focuses on asset security. Its native token, GateToken (GT), is primarily used to pay transaction fees and staking to validate transactions and secure the network in exchange for rewards.

GateChain provides an on-chain wallet, allowing users to manage their assets directly on the network without relying on third-party solutions. Additionally, the platform is integrated with the Ethereum Virtual Machine (EVM), simplifying the deployment of Ethereum-based smart contracts on its network.

As of today, GateToken is priced at $8.97, reflecting an increase of 0.94% over the past 24 hours. Over the past year, its value has surged 147%, outperforming 67% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. The token is trading 115.65% above its 200-day simple moving average (SMA), currently at $4.16. GateToken has been trending positively, with 23 green days in the last 30 days, or 77% of the time. Its annual inflation rate is -5.25%, suggesting deflationary supply.

GateToken price is expected to increase by 2.26% to $9.04 by November 7, 2024. Current sentiment around the token is bullish, with a neutral reading of 49 on the Fear & Greed Index. Given its consistent performance and moderate price volatility of 5.63% over the past month, GateToken may present a favorable investment opportunity.

3. BNB (BNB)

Binance recently announced the Scroll (SCR) listing on its Launchpool and Pre-Market platform. Users can lock BNB and FDUSD to receive SCR airdrops within two days. Scroll, an Ethereum zkEVM Layer 2 solution, marks Binance’s first pre-market project.

The total SCR supply is set at 1 billion, of which 5.5% is allocated to Launchpool rewards. At the time of listing, the initial circulating supply will be 190 million SCR, or 19% of the overall supply.

Binance Coin (BNB) is trading at $580.36, reflecting a 0.71% increase over the past 24 hours. Over the past year, BNB is up 180%, outperforming 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. It is trading 9.09% above its 200-day simple moving average (SMA) of $532.14, indicating strong momentum.

Happy to announce that BNB Chain is providing $50,000 in $BNB liquidity to $COCO. @cococoinbsc is the third memecoin to benefit from our Meme Heroes LP support! 🎉

Find out how your memecoin can also receive this support! 👇 pic.twitter.com/Lji7PQ9c0P

– BNB Channel (@BNBCHAIN) October 8, 2024

BNB has shown consistent performance, with 19 green days in the last 30 days, or 63%, and displays high liquidity relative to its market capitalization. BNB price is predicted to rise by 21.22%, potentially reaching $696.57 by November 7, 2024. Current sentiment remains bullish, supported by a neutral Fear and Greed Index score of 49.

4. Flockerz ($FLOCK)

Flockerz ($FLOCK) brings a unique approach to the meme coin market through its vote-to-win model and decentralized governance system, Flocktopia, a DAO (decentralized autonomous organization). The project recently raised over $534,000 upon launch and distinguished itself in the pre-sale space by combining community decision-making with staking rewards. Billing itself as “The People’s Meme Coin,” Flockerz offers its holders a chance to get directly involved in governance and earn rewards for their participation.

The vote-to-win system is a crucial aspect of Flockerz. $FLOCK holders, called “The Flock”, can participate in project decisions via the Flocktopia DAO. This system allows token holders to propose, discuss and vote on important issues, ensuring a decentralized decision-making process. Voters are rewarded with additional $FLOCK tokens, encouraging active participation and aligning the community towards common goals.

Another notable feature is Flockerz’s staking model. Of the 12 billion $FLOCK tokens, 25% are reserved for staking rewards, offering an APY of 3,453%. This structure promotes long-term holding, reducing circulating supply and potentially contributing to project stability.

The Flockerz presale is LIVE and flying high! We’ve already raised over $500,000 and we’re just getting started 🚀🐦 pic.twitter.com/X8XWG5TQe7

– Flockerz (@FlockerzToken) October 7, 2024

Regarding token distribution, 20% of the total supply, or the equivalent of 2.4 billion $FLOCK tokens, has been allocated to the ongoing presale. Investors can purchase $FLOCK at a presale price of $0.005724, although this price increases as the presale moves to the next level. The pre-sale is intended to provide early investors with potential benefits, although future price increases could limit these initial benefits.

Flockerz introduces a community-centric approach to the coin space, providing opportunities for governance participation and staking rewards. Its decentralized framework and emphasis on engagement make it an attractive option for those interested in the meme coin market.

Visit the Flockerz presale

5. Creator (MKR)

The current price of Maker (MKR) is $1,415.01, reflecting an increase of 0.88% over the past 24 hours. Over the past year, the price has increased by 3%. Additionally, Maker experienced 15 green days (50% of the last 30 days) where the daily closing price was higher than the opening price.

As for the short-term price prediction, Maker is expected to hold between $1,417.37 and $1,960.37 this week, with a potential upside of 38.31% by October 14, 2024, s it reaches the upper price estimate. For the following week, the forecast suggests a range of $1,960.37 to $2,602.04, with a possible increase of 32.73% by October 21, 2024, if the higher forecast holds true.

Longer term, Maker could trade between $1,417.37 and $4,181.71. If MKR reached the upper end of this range, it would represent a gain of 195.54% from its current price. These projections provide insight into near-term and year-end expectations, giving investors a wide range of potential outcomes.

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