2024-9-29 01:00 |
As the market enters a critical period in October, staying ahead could mean following some of the best crypto traders who give timely calls and have a deep understanding of emerging trends.
Whether you are looking for technical insights, smart portfolio rebalancing, or changes in market sentiment, these crypto traders can significantly offer an edge. Here are the top five to follow next month
Miles DeutscherCrypto trader Miles Deutscher ranks number one, especially since the analyst has recently been sharing what the community calls “gems.” On X (formerly Twitter), Deutscher has 541,500 followers and is famous for giving tips on altcoins and meme coins.
On September 25, for instance, the trader gave a list of altcoins and meme coins that could perform well in Q4 2024. The list includes AI-themed tokens, including Bittensor (TAO), Artificial Superintelligence Alliance (FET), and NEAR Protocol (NEAR).
Other altcoins include Sui (SUI), Fantom (FTM), Pepe (PEPE), and Sundog (SUNDOG). The trader noted that FTM could hit $1 as the Sonic upgrade approaches.
Fantom Price Chart. Source: X/Twitter“I’m still in my long from $0.38. It was great to see a break of the ‘must break’ zone I highlighted weeks ago. I think it can continue its run to $1 as we approach Sonic.” The crypto trader wrote on X.
Daan Crypto TradesWith over $383,000 followers on X, Daan Crypto Trades is another trader to follow in October 2024. The trader, who also operates a YouTube channel, focuses on the price action of Bitcoin (BTC) and altcoins. Recently, he shared on his X account that BTC’s performance was healthy and that the coin could go higher.
Four days ago, Daan Crypto Trades also posted on its YouTube page analyzing how prices might perform after the recent Federal Open Market Committee (FOMC) which led to a Fed Rate Cut.
In the analysis, the traders opined that the broader market could remain bullish from October 2024 till the end of the year. Thus, if you are looking for one of the best crypto traders to follow, then this is one.
Scott MelkerAlso known as the Wolf of All Streets, Scott Melker is a crypto investor and trader who has 960,000 followers on X. Melker also has his podcast on YouTube with 151,000 and talks about Bitcoin.
In a podcast posted on September 27, Melker admitted that the bull run might be back. Referring to the surging liquidity, the analyst noted that the Chinese billion-dollar capital could help Bitcoin consistently stay above $65,000.
Read more: 7 Best Crypto Contract Trading Platforms in 2024
However, it is also important to note that Melker also gives insights on Ethereum (ETH) besides BTC. Therefore, if the top two cryptos are your major point of interest, then Melker is one of the best crypto traders to follow in October 2024.
PlanBPseudonymous analyst PlanB is the creator of the Bitcoin stock-to-flow model and one of the best crypto traders. Unlike the others, the trader focuses solely on BTC and regularly gives tips and insights on the coin’s potential to the 1.9 million people following the X account.
Like previous times, PlanB has again said BTC’s long-term target could run into millions of dollars. For the 2024 to 2028 cycle, the trader mentioned that the coin could jump toward $500,000.
“As you know my Bitcoin prediction is ~500k average for 2024-2028 halving period, with 250k-1m stdev band. 2020-2024 prediction (made in 2019 when BTC<4k) was ~50k average, with 25k-100k band. 2020-2024 average was 34k. I know some keep crying ‘But 100k’ … IMO 34k was spot on,” PlanB emphasized.
However, it is important to note that most of the tips this account gives are for the long term. Hence, if your focus is on the short term, you might need to follow other crypto traders.
AnsemTo end this list is Ansem, one of the best crypto traders who is making good calls for meme coins. On X, Ansem has 495,000 followers and sometimes gives his take on BTC as well.
Famous for doubling down on Dogwifhat (WIF), Ansem recently released a list of meme coins that could bring good gains from October until next year. He also gave his take on Solana, saying the token could hit higher highs from the current price.
Read more: Top 9 Safest Crypto Exchanges in 2024
Solana Price Chart. Source: X/TwitterIn conclusion, it is necessary to remember that some of these traders may not give accurate insights at all times. However, on several occasions, they have been right about some things. Still, it is up to you to do extra research before making informed decisions provided by these crypto traders.
The post 5 Best Crypto Traders to Follow in October 2024 appeared first on BeInCrypto.
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