Investing in BNB Could Sink Your Portfolio—Grab These 5x Gems for ‘Uptober’ Instead  

Holders of Binance Coin (BNB) are facing a harsh reality: while the crypto market celebrates "Uptober" with soaring prices, BNB is left behind.

But you do not need to look further! We’ve unearthed 3 hidden gems – Wormhole (W), Fantom (FTM), and IntelMarkets (INTL) – that are poised to explode this month, offering potential returns that will leave BNB in the dust.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Binance Coin (BNB) Slips as Market Rally Leaves It Behind – Investor Sentiment Tremble

While the cryptocurrency market has lately seen huge increases, Binance Coin (BNB) has deviated from the trend, making investors concerned. Following the news regarding Binance CEO Changpeng Zhao’s (CZ) release, many had anticipated a spike in market confidence; nevertheless, this hasn’t resulted in a favorable price movement for BNB.

Binance Coin’s (BNB) performance has been especially lackluster during the last week. At the time of writing, BNB is trading at around $537.99, marking a daily decline of 1.38% and a more concerning 9.58% drop over the week. With a 6% surge, BNB had earlier shown indications of revival. However, this rally swiftly reversed, giving traders cause for concern.

Adding to the concern is a significant drop in trading volume, which has fallen by 17.55% to $1.7 billion within a day. Reduced trading volumes sometimes indicate a lack of liquidity or fading interest, which may fuel more volatility.

Analysts are now making assumptions about the Binance Coin’s (BNB) future trajectory in light of these price swings and patterns in trading volume. Given the increased regulatory scrutiny that Binance is under globally, several analysts think that BNB’s decline may not end soon. Furthermore, since Binance Coin (BNB) depends on the performance of the Binance exchange, it may face legal difficulties in the future as well as increased competition.

If you’re considering BNB as an investment, it’s crucial to recognize these risks. Despite Binance Coin’s (BNB) stellar historical performance, the state of the market indicates that it can reduce rather than add value to your portfolio.

Wormhole (W) Skyrockets Following Upbit Listing: A 160% Price Rally

Wormhole (W) is a major player in the cryptocurrency market since it provides a bridge that enables users to engage with many blockchains simultaneously. Mayan Swap, Pyth, Hashflow, Audius, and Biconomy are among its most prominent collaborations.

After being introduced on the Upbit exchange, the Wormhole (W) token surged in a high-volume setting. It surged to a peak of $0.4188, 160% higher than its lowest point of the year and its best since June 17. With this rise, its market capitalization surpassed $892 million.

Prices for cryptocurrencies often rise after being added to some of the most prominent cryptocurrency exchanges. Due to its popularity in South Korea, a country with a thriving digital currency sector, Upbit is an established name.

The majority of Wormhole’s (W) increase, according to the data, was caused by Upbit traders purchasing the U/KRW pair. On the previous day, the pair’s market share was 31%. The majority of the remaining volume came from Gate.io and Binance.

The problem with Wormholes (W) is that spikes in value that occur after an asset is listed on an exchange are often transient. Positively, it has gone over the 50-day moving average and created a double-bottom, suggesting that the gains may be long-lasting.

Fantom (FTM) Rockets 45% as Blockchain Eyes Major Sonic Update & Rebranding

Fantom (FTM), the native token of the Fantom layer-1 smart contract platform, has seen a significant increase in price on the cryptocurrency market. FTM had an astounding 45% gain over the last 30 days, hitting $0.6850 on October 2, 2024. The rising pattern started on September 6, when the token was trading at $0.3574.

The main driver of Fantom (FTM) price hike seems to be coming from the expectation around the impending Sonic update, which is expected to be released in November or December. By implementing a new Fantom Virtual Machine (FVM), optimizing the Lachesis consensus process, and improving Carmen database storage, this version aims to increase the network’s speed greatly. 

The Fantom blockchain is anticipated to execute more than 2,000 transactions per second (TPS) after the Sonic update is put into effect, up from the current 30 TPS.

The Fantom (FTM) Foundation also stated that it will rename itself Sonic Labs in anticipation of these developments. By the end of 2024, the native token’s ticker will change from FTM to S as part of this rebranding strategy. 

The impending network upgrade, rebranding plans, and more user activity have all combined to cause a noticeable rise in Fantom’s (FTM) trading volumes. October 1st saw spot trade volumes surpass $450 million, a 77% rise from the previous week and an astounding 450% gain over the preceding 30 days.

IntelMarkets (INTL) Sets the Stage for AI and Blockchain Integration with 50x Return Potential

The latest cryptocurrency on investors’ radars is IntelMarkets (INTL), a unique altcoin that connects the blockchain world with AI. With the goal of changing the cryptocurrency trading landscape, it blends blockchain technology, artificial intelligence, and DeFi. 

It is on track to cement its position as the industry leader in cryptocurrency with features like autopilot trading robots, dual-chain architecture, omnichannel analysis, and much more.

Given its strong fundamentals, it is a top choice for significant returns in “Uptober” with a 5x return. Over $910,000 has been raised in the ongoing presale amid growing demand. 

It is priced at $0.02 during the third stage of the ICO; however, it is anticipated to increase to $0.036 during the next stage. Aside from the anticipated 50x following debut, early investors stand to make significant returns with the predicted $0.11 listing price.

It is an exciting wave that should be capitalized upon since it is about to revolutionize the worldwide crypto trading industry, which is expected to reach $347 billion by 2030. Its trading platform, driven by AI, has been praised as innovative and revolutionary, making it the first protocol to incorporate AI at every level of trading.

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com/

Buy Presale: https://buy.intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

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Kosta Gushterov