Top 3 Cryptos to Watch in October: ETH, SOL, Ozak AI
With September coming to a close, crypto traders are already setting their sights on October. The fourth quarter of the year is usually a busy time for crypto markets, and this year looks no different. Big names like Ethereum and Solana are showing signs of growth, and a new player, Ozak AI — an artificial intelligence-powered token — is generating serious buzz with potential for 100x returns. Here’s a closer look at these three projects worth watching as we head into October.
Ethereum continues to stay strong despite recent market shifts. Back in August, ETH took the lead over Bitcoin in spot trading, grabbing 41% of the market share. Trading activity supported this shift, with Ethereum recording $480 billion in spot volume compared to Bitcoin’s $400 billion.
Big investors are also showing more interest in Ethereum. This year alone, Ethereum ETFs brought in $10 billion in new investments, pushing total assets under management to $25 billion. BlackRock’s Ethereum fund stands out as the top choice among institutions, which signals growing trust in ETH. Even though some Ethereum ETFs have seen outflows recently, activity on the network is still strong. Over 51 million active addresses are using Ethereum, decentralized exchange (DEX) volumes have jumped past $140 billion, and crypto exchanges are holding the lowest levels of ETH in years.
On the tech side, Ethereum developers rolled out ERC-7943 — a new upgrade that helps real-world assets work better with blockchain rules. This move boosts compliance and makes it easier for different platforms to connect. Combined with strong on-chain activity, Ethereum looks set for more gains heading into October.
Overall, Ethereum remains a top contender, Solana is heating up again, and Ozak AI is quickly gaining attention. As the crypto market gears up for Q4, these three tokens could deliver some of the biggest moves in the coming weeks.
Solana Set to Soar? $SOL and Snorter Token Analysis
Solana ($SOL) is quickly becoming one of the top names in the crypto world, earning mentions alongside giants like Bitcoin ($BTC) and Ethereum ($ETH). And it’s not just hype—Solana has delivered an incredible 2,600% return over the last three years, even outperforming both Bitcoin and Ethereum combined.
Right now, $SOL is trading around $220, and many investors believe it could be the next big crypto to surge in value. One big reason is that it’s still much cheaper than Bitcoin or Ethereum, meaning there’s more room for big percentage gains. In fact, experts at Gemini believe Solana could hit $400 by the end of this year.
AI tools like ChatGPT are also bullish on Solana. They highlight Solana’s recent breakout from a long-standing technical pattern called a “rising wedge.” This breakout is usually a strong signal that more upward movement is coming. Based on this pattern, some analysts believe Solana could soon revisit its previous all-time highs around $300, with a possible push toward $400.
Crypto influencer Lark Davis, who has over 1.4 million followers on X (formerly Twitter), agrees. He pointed out the same technical setup and said the price could soon return to those previous highs.
But it’s not just about technical analysis. Solana also has strong fundamentals pushing it forward. One major catalyst? The growing expectation that a Solana ETF could be approved. According to Polymarket, there’s over a 99% chance the SEC approves a SOL ETF by 2025. That kind of news would likely send Solana’s price much higher.
For investors looking to ride Solana’s momentum, there’s another exciting opportunity: Snorter Token ($SNORT). This low-cap altcoin is built to support meme coin trading on the Solana network and offers huge growth potential while flying under the radar.
Snorter Token powers Snorter Bot, a Telegram-based trading bot that helps regular users trade meme coins quickly and automatically. Right now, big crypto whales dominate meme coin launches using high-speed tools and bots. Snorter levels the playing field by giving everyday traders access to similar powerful tools.
Snorter Bot isn’t just fast—it’s also built for safety. It helps protect against common crypto threats like rug pulls, honeypots, front-running, and sandwich attacks. And since it works through Telegram, it’s super easy to use—just like sending a message in chat.
Another cool feature is copy trading. You can link your wallet to expert traders and automatically copy their moves. It’s a smart way to learn while earning, but remember to use this feature carefully and do your own research.
Right now, Snorter Token is in presale and has already raised over $3.85 million from early backers. The current price is just $0.1041 per token. According to price forecasts, $SNORT could reach $0.94 by the end of 2025—an 800% gain from today’s price.
Besides potential profits, holding $SNORT gives you access to exclusive features inside the Snorter ecosystem, designed specifically for meme coin traders on Solana.
If you want to get in early before it goes mainstream, now might be the time to check out Snorter Token.
Remember: investing in crypto is risky. Always do your own research before putting in any money.
BIT Mining Boosts Solana Investment and Launches DOLAI
BIT Mining Limited (BTCM) is making a big move in the Solana ecosystem by increasing its investment in the cryptocurrency. The company recently bought an additional 17,221 SOL tokens, pushing its total Solana holdings to 44,000 SOL. At today’s market rate, that’s worth nearly $9.95 million.
Bo Yu, Chairman and COO of BIT Mining, said the company sees strong potential in Solana and wants to play a bigger role in its growing blockchain network. He added that adding more SOL to their treasury helps strengthen their presence and support the network by running validator nodes that help keep Solana secure and efficient.
BIT Mining also announced that it’s exploring new ways to grow within the Solana ecosystem. The company plans to combine its validator operations with its growing crypto holdings to gain both financial returns and strategic advantages.
On top of that, BIT Mining recently launched a new stablecoin called DOLAI. It’s tied to the U.S. dollar and built on the Solana blockchain. DOLAI is designed to connect AI systems, online merchants, customers, and large financial institutions, all while using Solana’s fast and low-cost transaction network.
Looking ahead, BIT Mining plans to expand DOLAI beyond just the Solana blockchain. They are working with Brale Inc. to ensure the stablecoin meets all regulatory requirements. This move aims to make DOLAI a key player in the world of decentralized finance (DeFi), helping BIT Mining grow alongside Solana’s booming on-chain economy.
Crypto experts are becoming more bullish on Solana. Matt Hougan, Chief Investment Officer at Bitwise, believes Solana could have a strong rally by the end of the year. He even compared its future potential to how Bitcoin surged from $40,000 to $125,000 in 2024 and how Ethereum nearly tripled in value earlier this year.
As of now, Solana (SOL) is priced at $226.42, showing a 1.38% increase in the last 24 hours. The daily trading volume is around $9.03 billion, indicating high interest and activity in the market.
Meanwhile, BIT Mining’s stock (BTCM) is also seeing gains. It’s currently trading at $2.83 on the New York Stock Exchange, up 2.54% for the day.
BIT Mining’s deeper involvement in Solana shows growing confidence in the blockchain’s future. With more companies adding SOL to their treasuries and exchange-traded fund (ETF) interest rising, Solana might be set for a strong finish to the year.
Markets Rally as Fed Eyes Possible Rate Cuts Next Week
Wall Street saw a strong rally this week, driven by new economic data showing inflation is staying steady and the job market is starting to slow down. This combination is fueling expectations that the Federal Reserve will cut interest rates soon—possibly as early as next week.
The latest Consumer Price Index (CPI) shows inflation is still above the Fed’s 2% target but not rising fast enough to cause alarm. At the same time, jobless claims—a measure of how many people are filing for unemployment—jumped to their highest level since late 2021. This signals that the labor market is weakening, which could push the Fed to act quickly with rate cuts.
Markets reacted positively. The S&P 500 hit a new record, the Dow Jones crossed 46,000 points, and even small-cap stocks surged. Treasury bond yields dropped, with the 10-year briefly falling below 4%. Gold prices also climbed, even surpassing their inflation-adjusted peak from 1980.
Experts believe this shift gives the Fed room to support the job market without worrying too much about inflation right now. Many economists now expect a 25 basis point rate cut at next week’s meeting, with two more cuts likely before the end of the year.
Labor market data is now taking center stage. Analysts are saying that jobless claims, not inflation, are guiding the Fed’s next move. Some think the Fed may even discuss a larger 50 basis point cut, but most expect a more modest 25 point reduction.
The inflation report showed core CPI (which excludes food and energy) rose 0.3% from July. Overall CPI increased by 0.4%, the highest since early this year. Meanwhile, jobless claims rose by 27,000 to 263,000 for the week ending September 6.
While inflation remains a concern, especially with core prices still climbing month-over-month, the Fed is increasingly focused on preventing further job losses. Policymakers seem more worried about hurting the labor market than about persistent inflation.
Some experts warn that if inflation stays elevated while job losses grow, the U.S. could face “stagflation” – a mix of stagnant growth and high inflation. However, most analysts agree that this risk isn’t serious yet.
There’s also debate about whether more aggressive rate cuts are needed. Some believe a slow and steady approach is best. Others think the Fed should act more decisively to stop a broader economic slowdown.
Market strategists say that even though inflation hasn’t been fully controlled, it’s no longer spiking. The focus is now clearly on jobs and economic momentum. If Powell and other Fed leaders signal a series of cuts during next week’s meeting, markets will likely respond positively.
Bond markets will be watching closely to see if next week’s rate cut decision is unanimous or if some Fed officials still prefer holding rates steady. Back in July, two members actually wanted to cut rates early.
Some financial analysts now predict that the Fed will cut rates three times before year-end—in September, October, and December—to bring them closer to what’s considered “neutral” for economic growth.
In financial markets, investor sentiment was upbeat:
– The S&P 500 rose by 0.8%
– The Dow Jones jumped 1.3%
– The Nasdaq 100 gained 0.6%
– Small-cap Russell 2000 index increased 1.5%
In currencies:
– The US Dollar Index dropped 0.3%
– The Euro and British Pound both rose by 0.4%
– The Japanese Yen strengthened slightly
Cryptocurrency also saw gains:
– Bitcoin rose 0.8%
– Ethereum climbed 2.4%
Bond yields mostly fell:
– The US 10-year Treasury yield dropped to 4.01%
– The US 2-year yield fell to 3.51%
– Long-term bonds like the 30-year also saw lower yields
In commodities:
– Oil prices dropped nearly 2% to $62.46 per barrel
– Gold dipped slightly by 0.2% to $3,633 per ounce
In corporate news:
– Nvidia agreed to a commission deal with the U.S. for its chip sales in China.
– Micron stock rose on strong AI-related demand in data centers.
– Delta Air Lines will offer more premium seats due to weak demand in economy class.
– Kroger increased its sales forecast due to steady food spending.
– Adobe continues to lag behind other tech companies in AI.
– UPS shares are down over 30% this year amid global trade disruptions.
– Google, Meta, and OpenAI were ordered by regulators to disclose how their AI affects kids.
– Freddie Mac and Fannie Mae received buy ratings amid hopes they’ll exit government control.
– Citigroup’s CEO noted mergers are picking up again as economic fears ease.
– Bank of New York Mellon is partnering with Carnegie Mellon for AI research.
– Centene gave a positive update on its Medicare and Medicaid businesses.
– Blockchain-based lender Figure raised $787 million in its IPO.
– Opendoor shares soared after leadership changes.
– Infosys announced a $2 billion stock buyback amid declining prices.
– Iberdrola boosted its stake in Brazilian energy firm Neoenergia.
– Novo Nordisk is calling workers back to the office as it competes in the obesity drug race.
– Discovery reported record profit growth from its health insurance arm.
Market sentiment is strong, but investors are keeping an eye on next week’s Fed meeting for clarity on what’s ahead for interest rates and the broader economy.
With all eyes on Jerome Powell’s press conference and updated Fed projections, investors hope for guidance on whether rate cuts will continue—and how quickly they might come.
MOGU Stock Soars 76% After $20M Crypto Investment
MOGU, a China-based online fashion retailer, saw its stock price jump by around 76%, trading at $4.40 and briefly hitting over $7 per share. This is a big move for the company, which had been stuck below $5 since peaking above $37 back in early 2021.
The sudden spike comes after MOGU announced plans to invest $20 million into cryptocurrencies and crypto-related assets. According to the company, this move is part of a strategy to modernize its business and expand its capabilities in artificial intelligence (AI). By adding digital assets to its financial portfolio, MOGU hopes to both diversify its holdings and strengthen its ability to deliver next-generation AI products and services.
MOGU joins a growing list of public companies that are buying cryptocurrency as a way to manage their cash differently. These companies are following in the footsteps of Strategy (formerly MicroStrategy), a U.S.-based firm that shifted from making software to buying Bitcoin. Strategy now holds over 638,000 Bitcoins, valued at more than $73 billion. Since 2020, its stock has soared by over 2,000%.
This trend of companies adding crypto to their treasuries has often led to short-term stock price boosts, as investors look for new ways to gain exposure to digital assets. However, not all outcomes have been positive. Strategy’s recent exclusion from the S&P 500 index raised concerns among analysts. According to JP Morgan, this decision could be a warning sign for other firms using crypto as a treasury strategy, especially during times when investor interest in crypto stocks starts to fade.
Bitcoin and Ethereum remain the two largest cryptocurrencies in the world. Solana, another major digital asset, is designed to compete with Ethereum by offering faster and cheaper transactions. Like Ethereum, Solana supports blockchain-based applications.
As more companies like MOGU explore the potential of crypto and blockchain technology, investors and analysts will be watching closely to see how these bold moves impact long-term growth and stock performance.