The crypto market is slowly rising from the ashes of the catastrophic October 10 crash, which, let’s be honest, looked like the crypto apocalypse. With almost $19 billion in liquidations, the idea of recovery seemed as likely as a flying pig. But surprisingly, the market’s resilience has given us a glimmer of hope. Who knew? 🤷♂️
Looking ahead, external developments are going to be the key players in this drama, and guess what? BeInCrypto has sniffed out three altcoins that could be the shining stars of this crypto soap opera.
Chiliz (CHZ)
Chiliz (CHZ) has made a bit of a comeback, gaining 12% in the last 24 hours and currently trading at $0.0355. The altcoin is valiantly trying to recover from Friday’s ugly 25% drop. The cause of this optimism? The upcoming Snake8 hard fork. It’s like the crypto version of a new season of your favorite show. 🍿
This hard fork, scheduled for next week, will ditch the current validator system and introduce a new algorithm to spice things up. The aim? To increase competition and incentivize validators to work harder for those sweet, sweet rewards. This could cause demand and liquidity to skyrocket, pushing CHZ beyond $0.0364, possibly even reaching $0.0382 or more. Could be a thrilling ride, if it works! 😎
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However, don’t hold your breath. If the upgrade fails to bring excitement, CHZ could lose its spark faster than a forgotten email draft. We might see the price slide back to $0.0330 or even $0.0304, making that hopeful bull run look like a bad dream. 😴
Sei (SEI)
SEI is more of a “watch and learn” kind of coin right now, as it gears up for a major token unlock this week. Around 55.56 million SEI, worth a chilling $12.78 million, will flood the market, potentially causing a major supply overload. So, if you thought the market was already wild, brace yourselves for more volatility. 🎢
For those eyeing the dip after SEI’s recent crash to an all-time low of $0.068, proceed with caution. It’s like buying tickets to a concert that might be canceled. The supply might be too much for the market to handle, making today’s 12% bounce feel like a false hope. The Parabolic SAR indicator is already telling us that a downtrend is still in play. 😬
But hey, if investors can absorb this massive supply quickly, SEI could break through the bearish clouds. A successful recovery could see the price aiming for $0.244, or if we’re lucky, $0.305. A wild ride indeed! 🚀
Bittensor (TAO)
And then we have TAO, a coin making waves this week after Grayscale’s Form 10 filing with the U.S. SEC for its Bittensor Trust. What does this mean? TAO is inching closer to potential institutional recognition, and you know what that means: big money! 💸
In response, TAO’s price surged 36% in the past 24 hours, currently sitting at $407, just below the $410 resistance. If the crypto gods are smiling, we could see TAO breaking through and heading toward $450. It’s like seeing a train coming, and it’s moving fast. 🚄
But of course, there’s a catch. The Chaikin Money Flow (CMF) indicator is whispering that inflows might be nearing saturation. If history holds true, a reversal could be on the horizon. If that happens, TAO could fall back below $378 and possibly dip to $335. So, don’t get too comfy. 🛋️
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2025-10-13 21:08