As the crypto market enters a critical phase of the 2024 bull cycle, TrustStrategy Research has identified five altcoins with explosive growth potential this October. These tokens—selected from 200+ candidates—combine low market caps, strong fundamentals, and imminent catalysts that could trigger 5-10x rallies.

Selection Methodology

TrustStrategy’s team applied a 5-factor scoring model:

1. Development Activity (GitHub commits, team expansion)

2. Institutional Interest (VC funding, exchange listings)

3. Tokenomics (Circulating supply, inflation rate)

4. Upcoming Catalysts (Product launches, partnerships)

5. Technical Strength (Price action vs BTC, RSI levels)

The 5 Altcoins Primed for Breakouts

1. Peaq Network (PEAQ) – $0.08 | $160M MC

Why It Stands Out:

• Decentralized physical infrastructure (DePIN) leader.

• Backed by Bosch for IoT machine economies.

• Token unlocks complete – no more sell pressure.

October Catalyst:
Mainnet launch with 50+ enterprise partners.

Price Target: $0.40 (+400%) by EOY 2024.

2. Aevo (AEVO) – $1.20 | $300M MC

Why It Stands Out:

• High-performance options trading DEX.

• Ribbon Finance merger creates DeFi’s largest derivatives platform.

• 70% of supply already circulating.

October Catalyst:
CME Group partnership for institutional crypto options.

Price Target: $6.00 (+400%) in Q4.

3. ZetaChain (ZETA) – $1.50 | $400M MC

Why It Stands Out:

• Omnichain smart contracts (connects 30+ blockchains).

• Binance Labs incubation with 200+ dApps building.

• Deflationary model (20% supply burned annually).

October Catalyst:
BTC and Solana bridge activation.

Price Target: $7.50 (+400%) post-bridge.

4. Dymension (DYM) – $3.80 | $700M MC

Why It Stands Out:

• Modular rollup settlement layer.

• $100M developer grants attracting top teams.

• Just 15% supply in circulation.

October Catalyst:
First AI-powered rollup goes live.

Price Target: $25 (+550%) in 2025.

5. io.net (IO) – $2.10 | $200M MC

Why It Stands Out:

• Decentralized GPU cloud for AI/ML.

• 300,000+ GPUs already deployed.

• Nvidia partnership for distributed computing.

October Catalyst:
Token burn event (5% of supply).

Price Target: $12 (+470%) post-burn.

Market Context: Why October Matters

• Bitcoin dominance dropping (55% → 48%), signaling altcoin season.

• Fed rate cuts expected in November, boosting risk assets.

• Q4 historically strongest quarter for crypto (+120% avg altcoin return).

Risks to Monitor

• Macro shocks: Geopolitical events could delay rallies.

• Liquidity issues: Small caps face higher volatility.

• Delayed catalysts: Mainnet launches could get postponed.

Conclusion: Strategic Accumulation Window

October presents a last chance to accumulate high-quality altcoins before year-end rallies. TrustStrategy’s picks (PEAQ, AEVO, ZETA, DYM, IO) represent the best risk/reward balance in today’s market. Investors should:

• Dollar-cost average into positions.

• Set sell targets at 3-5x entry levels.

• Track catalyst timelines for optimal exits.