Altcoin Price Predictions, Trends for October

Earlier today, the market intelligence platform Santiment published an X post predicting that the positive trajectory for altcoins such as Bitcoin Cash (BCH), Chainlink (LINK), Maker DAO (MKR), and THORChain (RUNE) could continue into October.

The prediction was based on the fact that the market capitalization of these tokens increased significantly over the past week.

Moreover, according to Santiment’s data, of the four tokens, LINK experienced a maximum price increase of greater than 15% over the past week. RUNE followed LINK closely with a 14+% price increase.

Both BCH and MKR encountered 13+% price increases in the past week.

LINK was able to claim the fourth position on CoinMarketCap’s trending list following a 24-hour price increase of 4.01%.

At the time of publication, the altcoin was valued at $8.07, which placed it just below its daily high price of $8.08.

However, LINK’s 24-hour trading volume decreased by more than 22%, settling at approximately $246,411,575.

In addition to its achievements over the past week, the cryptocurrency’s price increased by over 35% over the past month.

At the time of publication, the trading price of RUNE was $1.97, representing a daily increase of 3.20 percent. This uptrend has resulted in a 2.41 percent increase for RUNE versus Bitcoin (BTC), the market leader.

The trading volume of RUNE has decreased by 11.07% over the past 24 hours. Therefore, the token’s intraday trading volume was approximately $62,777,369.

The prices of BCH and MKR, on the other hand, have declined over the past 24 hours, indicating a potential turn for the worse. BCH was trading at $234.84 after a decrease of 0.50% in value.

The weekly performance of the cryptocurrency was, however, up by more than 13%, according to Santiment data.

Similarly, MKR lost more than 5% in the previous trading day, leaving its price at $1,484.80. Consequently, MKR was trading near its daily low of $1,440.11.