Altcoins BCH, LINK, MKR, and RUNE Expected to Surge in October

• Santiment predicts Bitcoin Cash, Chainlink, Maker DAO, and THORChain’s upward trend may continue into October.
• Chainlink saw the most significant price surge among the four tokens.
• BCH and MKR experienced price decreases in the last 24 hours.

The data analysis firm Santiment disseminated a post suggesting that the upward trend for altcoins such as Bitcoin Cash , Chainlink , Maker DAO , and THORChain may persist into October. This forecast was predicated on the observation that these digital assets experienced significant increases in their market capitalization over the previous week.

Furthermore, data from Santiment revealed that LINK saw the most significant price surge among the four tokens, exceeding 15% in the last week of trading. RUNE closely followed LINK with a price increase of over 14%. BCH and MKR also saw price hikes of over 13% in the previous week.

In the meantime, LINK secured the 4th position on CoinMarketCap’s trending list following a 4.01% increase in its price over the last 24 hours. As of the reporting time, the altcoin had a value of approximately $8.07, indicating that it was trading just under its highest price for the day, which was $8.08.

Nonetheless, LINK experienced a drop of over 22% in its 24-hour trading volume, eventually stabilizing at approximately $246,411,575. In addition to its impressive performance in the past week, the cryptocurrency achieved a price surge of over 35% in the previous month.

As of the latest reports, RUNE is trading at $1.97, reflecting a 3.20% rise in the last 24 hours. This positive trajectory has resulted in a 2.41% appreciation of RUNE compared to the market frontrunner, Bitcoin (BTC).

Regarding its trading volume, RUNE experienced a decrease of 11.07% in the last 24 hours. As a result, the token’s daily trading volume was approximately $62,777,369.

Conversely, BCH and MKR may be experiencing a downturn as both altcoins have decreased prices in the last 24 hours. BCH was transacting at $234.84 following a 0.50% decline in its price. Despite this, the cryptocurrency’s weekly performance remained positive, showing an increase of over 13%, according to data from Santiment.

In the same vein, MKR experienced a decline of over 5% in the last 24 hours, positioning its trading price at $1,484.80. Consequently, MKR’s trading value was nearing its daily minimum of $1,440.11.