As the last working day of the week begins, Bitcoin (BTC) 
$78,680 is approaching a daily close at $123,300. Altcoins have started to recover their previous losses over the past few hours. The ETF data due in a few hours could enhance risk appetite if inflows remain consistent with the first two days’ average. The positive stance from the Fed minutes also adds to the optimistic outlook. But what are the price predictions for ZEC, MNT, and Aster Coin?
ZEC and MNT Price Predictions
Among the top cryptocurrencies, ZEC Coin emerged as one of the week’s best performers. The privacy-focused altcoin Zcash (ZEC) has maintained its position in the crypto markets, recording a daily gain exceeding 42%. Grayscale recently announced the launch of a trust for ZCASH, highlighting its roots from the Bitcoin codebase.
This development led ZEC to create one of the biggest bullish candles in its history, following the upward trend initiated last month. During the last such instance, the markets were bullish. Should ZEC Coin continue to close above $140, it could test targets at $217 and $245, eventually aiming for $303. Beyond its recent peak, it would strive to surpass $372 to establish a new all-time high level.
MNT Coin is also among the top gainers. Initially struggling to cross $1.5 when it was listed two years ago in July, it has shown a strong performance over the past four months, consistently producing green candles and experiencing a steep rise. The crucial level to surpass is $2.82, which, once breached, will further price discovery. To maintain its upward trajectory, MNT should hold above the $1.5 resistance line, which proved significant last month.
Aster Coin Price Predictions
Regarding Aster Coin, the focus should be not on its price chart but on the on-chain data compiled by DefiLlama, as illustrated in the graph below. Here, the total value locked has reached an impressive $2.5 billion. However, caution is advised as every market frenzy can resemble a bubble that inflates and eventually bursts.
Aster isn’t labeled a bubble in the traditional crypto sense. Rather, the vigorous rise driven by strong demand, compounded by launch excitement needs a consolidation phase. This is evident as closings fail to exceed $2.12. The protocol’s fees have regressed over the past three days, even dropping to September 22 levels on October 8. In between, there are significant gaps, with a record of $25 million recorded on September 28.
The DEX volume also decreased from $696 million seen on September 20 to $214.8 million, but maintaining a level around $200 million remains encouraging. As a new platform, it may offer buying opportunities during its consolidation phase post-hype period. It could also embark on exciting ventures, or should CZ announce something new, the uptrend could resume. CZ’s overt support stems from his view of this as a catalyst for the broader BSC network.
Thus, keeping abreast of news developments can be advantageous. CryptoAppsy facilitates this by providing a continuous stream of news, summaries, and detailed information as desired, offering much-needed support in these times.
