The cryptocurrency market often adopts a bullish outlook during Q4, providing potential buyers with promising investment opportunities. As we enter October, here are three Solana-based coins that could offer massive returns, with the potential to turn a $100 investment into $10,000.
Top 3 Solana Coins to Multiply Your $100 Investment in October
According to Cryptorank data, the SOL price often performed well in October, projecting a four-year average growth rate of 18.7%. This bullish narrative could boost the Solana-based coins to drive a sustained recovery.
Solana Monthly Returns | Cryptorank
Dogwifhat (WIF)
Dogwifhat (WIF), the Solana-based meme coin, is known for its playful branding, which features a Shiba Inu wearing a beanie. Defying the low volatility trading on Tuesday, the WIF price surged over 15% to hit the $2 psychological level and provide a decisive breakout from a falling wedge pattern.
This breakout signals end of correction trend and bolsters buyers for potential rally to $4, followed by a $4.8 high. According to Coinglass, the WIF funding rate surged to 0.0073%, indicating that buyers are ready to buy at a premium price to hold the asset in a long-term position, indicating strong confidence for future rallies.
WIF Funding Rate | Coinglass
Helium (HNT)
Helium (HNT) is a decentralized network designed for the Internet of Things (IoT) devices, allowing low-power wireless devices to communicate with each other over long distances.
Contrary to other Solana coins, the HNT price has showcased a steady recovery since early July 2024, uplifting its value from $2.93 to $7.36— a 150% growth. An analysis of the weekly chart shows this upswing assisting in forming a well-known reversal pattern called cup and handle.
If the pattern holds, the Helium price could rally 42% before offering the crucial resistance at $10.48.
Jupiter (JUP)
Jupiter (JUP) is a decentralized exchange aggregator built on the Solana blockchain, designed to provide the best token swap rates across various liquidity sources. In the last three weeks, the JUP price displayed a V-shaped recovery from $0.658 to $0.859, registering a 30%.
Similarly, JupitJupiter’sl volume locked (TVL) surged from $962.4 Million to $1.18 Billion, accounting for a 22.6% jump. This increase indicates more capital is invented in JUP’sJUP’sprotocol and signals growing user confidence.
With sustained buying, the Juiper coin price is 6% away from a major breakout from the falling wedge pattern.
Also, check out the other top Decentralized Exchanges for leverage Trading.
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