In a high-volatility space, buying cryptocurrencies can sometimes feel similar to ‘trick-or-treating’ during Halloween festivities. While most value investors and crypto traders are continuously looking for ‘sweet candies’ with good picks to bring positive results, making the right choices can sometimes be ‘tricky’.
Therefore, Finbold has turned to crypto experts, project fundamentals, technical analysis, and leading indicators to select three possible good picks to buy and hold before October 31, 2023.
It is important to say that this brief list, despite considering multiple factors, can not guarantee any positive returns, and must be used with caution. These picks should be just one small part of a bigger work of proper individual research and due diligence, to mitigate investment risks, and increase the expected results on each purchase.
Crypto Market RSI Heatmap 1-week. Source: Coinglass
Moreover, the Solana Foundation recently highlighted that over “31% of [Solana’s] stake [is] running through the Jito Labs client,” meaning the network is now running on multiple clients, evidencing a meaningful increase in its decentralization, from a software perspective.
This further strengthens the project, possibly impacting future price projections. Meanwhile, SOL is trading at $22.91 by press time, with 5.52% losses in the last 24 hours after mostly positive month and year-to-date performances, which could offer an interesting buying opportunity.
SOL 1-month price chart. Source: Finbold
Monero (XMR)
In the official month for using disguises while having fun with friends and family, the leading privacy-focused cryptocurrency is also included in this Halloween picks list, as Monero (XMR) consolidates itself in the decentralized money realm, as one of the most used means of exchange in the space.
Interestingly, Monero is the coin of choice in most darknet markets, with some of them restricting its payments to the privacy coin, conquering a space that was mostly dominated by Bitcoin a few years ago.
Privacy-focused Bitcoin wallets are already implementing XMR as a way to boost their users’ experiences. Meanwhile, CoinCards reported — on October 3 — that payments in Monero are very close to surpassing BTC payments as their users’ choices for crypto gift cards.
Here's a breakdown of usage (by $ volume) on Coincards by percentage in September '23: #BTC (Onchain): 32.82%#XMR: 32.22% #ETH: 19.00%#USDC: 7.87%#LTC: 4.23%#LightningNetwork: 2.4%#Dogecoin: 0.78%#Matic: 0.55%#USDT: 0.12%#Dash: 0.00% https://t.co/NEl6VhkRs6
— Coincards.com – Buy Gift Cards with Bitcoin! (@CoinCards) October 3, 2023In this context, XMR is also showing strength in its daily RSI, while trading at $149.53 by press time. Slightly gaining 1.94% in the day.
XMR 1-month price chart. Source: Finbold
Nano (XNO)
A riskier short-term investment pick due to its low market cap, and relatively low exchange liquidity, Nano (XNO) possibly offers one of the biggest asymmetries between some solid fundamentals as a decentralized currency and the current perceived value from the market.
Notably, the Nano open-source software is among the projects with the highest scores according to the “Best-of-Crypto ranking” on GitHub, by Lukas Masuch. Sitting side-by-side with the leading projects by market cap.
Best-of-Crypto ranking, category ‘Cryptocurrencies’. Source: Lukas Masuch on GitHub
On October 4, the crypto trading account @holdersignals on X (formerly Twitter) pointed to two technical analysis breakouts for XNO. Both in the daily Bollinger Bands (BB) and a mid-term trending line respected since late 2022, until now.
$XNO – Primed chart ?Breaking out of daily BB + Trendline breakout. Looking for some nice gains from this one, time to send this to top gainers pic.twitter.com/3Sttm8PDsB
— Crypto Bull ? ( Until 5th Sep 2025 ) (@holdersignals) October 4, 2023Meanwhile, XNO is changing hands by $0.64 at the time of publication, with shy 24-hour gains of 1.79%, as it tries to recover from a retracement after a price surge to $0.72 during the first hours of the day.
XNO 1-day price chart. Source: Finbold
Nano continues to gather users’ enthusiasm due to its unique characteristics as an efficient medium of exchange for worldwide payments and remittances, by offering zero-fee transactions with extremely fast finality of 500ms on average, according to live monitoring.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
