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October Crypto Watchlist: ALEO, ZBCN, CELO Eye Significant Gains
October Crypto Watchlist – As October opens with a bang, Bitcoin’s new all-time high has set a positive tone for the broader cryptocurrency market. With optimism in the air, traders and investors are eyeing promising altcoins poised to benefit from the improved market sentiment. Here are three standout Made-in-USA cryptocurrencies that deserve attention this week.
ALEO: Privacy Meets Scalability with Rising Momentum
Aleo Network is a Layer-1 blockchain focusing on privacy and scalability, leveraging zero-knowledge technology to empower developers building decentralized applications. Its native token, ALEO, is gaining renewed interest, fueled by a recent collaboration between Paxos Labs and the Aleo Network Foundation to launch USAD, a U.S. dollar-pegged stablecoin emphasizing user privacy on Aleo’s ZK Layer-1 blockchain.
Currently trading at $0.4006 and comfortably above its 20-day EMA of $0.2643, ALEO shows strong bullish momentum. If this trend holds, the token could climb toward $0.4589, while any weakening sentiment might see a pullback below $0.31.
Zebec Network (ZBCN): DePIN Gains Spotlight After SEC Green Light
Zebec Network’s token ZBCN has surged 21% in the past week, buoyed by the U.S. Securities and Exchange Commission’s rare no-action letter regarding DePIN project DoubleZero, clarifying it falls outside federal securities laws. This regulatory clarity has sparked fresh demand for DePIN tokens, with ZBCN emerging as a clear beneficiary.
Technical signals confirm the strength: the MACD line is above its signal line, signaling a strong uptrend. If momentum persists, ZBCN may break past $0.004746, but increased profit-taking could drive a drop toward $0.004168.
CELO: Carbon-Negative Blockchain Token Surges on Testnet Launch
CELO, the native token of a carbon-negative blockchain aiming for financial inclusion, has impressed with a 65% price rally over the last week. This surge follows the launch of its Testnet at Token2049 Singapore, featuring Nightfall, a Layer 3 privacy and scalability solution designed to improve transaction confidentiality.
Currently positioned to potentially surge to $0.4904, CELO could face a pullback below $0.442 if buying interest fades or profit-taking intensifies.
[…] Zebec Network is a multi-chain blockchain project that primarily functions as a payment protocol. While initially […]