Top 3 Made in USA coins to watch in the second week of October

The first week of October started with an optimistic mood, as Bitcoin reached a new all-time high of (ATH), creating a positive atmosphere for the entire crypto market.

As optimism spreads within the crypto market community, traders and investors are focusing on altcoins that could benefit from the improving market sentiment. Below are three notable cryptocurrencies Made in USA, promising to deliver significant growth this week.

ALEO

Aleo Network is a Layer-1 blockchain platform (L1) focused on privacy, designed to help developers build scalable decentralized applications with enhanced privacy protection through zero-knowledge technology.

The native token of Aleo, ALEO, is attracting attention this week as the project makes significant strides in the ecosystem.

Recently, Paxos Labs and Aleo Network Foundation announced plans to launch USAD, a stablecoin pegged to the US dollar, built on Aleo's ZK Layer-1 blockchain. The goal of this stablecoin is to protect user privacy while still attracting interest from financial institutions. This announcement has reignited interest in ALEO, especially as attention towards security tokens is increasing.

At the time of reporting, this coin is trading at $0.334, above the 20-day EMA, creating dynamic support at $0.2643.

ALEO price chart | Source: CoinphotonThe 20-day EMA measures the price of an asset over the previous 20 trading days, with more weight given to recent prices. When an asset trades above this important moving average, the bullish momentum is strong, indicating sustainable recovery.

If this trend continues, ALEO could rise to $0.4589. However, if market sentiment weakens, the price of this coin could drop below $0.31.

Zebec Network (ZBCN)

ZBCN supports the decentralized infrastructure protocol (DePIN) Zebec. The price of ZBCN has increased by 21% over the past week, making it a standout coin to watch.

This increase is partly driven by a rare non-action letter issued by the U.S. Securities and Exchange Commission (SEC), confirming that the tokens issued by the DePIN DoubleZero project are not within the scope of federal securities laws.

The clarification from the SEC has sparked renewed interest in DePIN tokens. Investors now see this as a signal for broader participation in DePIN assets, increasing the demand for ZBCN over the past week.

Technical indicators also support the bullish momentum of this token. On the daily chart, the Moving Average Convergence Divergence (MACD) indicator shows the MACD line (green) is above the signal line (orange), confirming the strength of the current uptrend. If demand continues, ZBCN could surpass the $0.004746 level.

ZBCNU price chart | Source: CoinphotonConversely, profit-taking may lead to a price drop to $0.004168.

CELO

CELO, the native token of the carbon-negative blockchain designed to promote financial inclusion, is another notable coin to watch this week. The price of CELO has increased by over 65% in the past week, thanks to developments in the ecosystem that have attracted the attention of traders.

The recent price increase occurred when Celo officially announced the launch of its Testnet at the Token2049 conference in Singapore on October 1st. This deployment includes Nightfall, a Layer 3 privacy and scalability solution aimed at enhancing transaction security across the entire Celo ecosystem.

If the excitement surrounding this launch continues to drive demand, CELO could see its price rise to $0.4904.

CELO price chart | Source: CoinphotonHowever, if demand decreases or there is a profit-taking phenomenon, the price of this token may drop below $0.36.

Conclusion

With the positive developments in the crypto market, investors should pay attention to these cryptocurrencies in the coming week, as they have the potential to yield significant profits in the context of improving market sentiment.

Mr. Giáo