Top Cryptocurrencies to buy in October 2022

The first 9 months of 2022 hasn’t been kind to the crypto market.

Top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are almost 73% down from their all time highs which happened at the end of 2021. While there have been some movements in the market in the past few weeks, but the whole crypto market has basically come to a standstill.

Some experts say that the crypto market might fall even more, while some say it’s built up a good support and it will just pump from here on.

With all this speculation, there’s a lot of confusion on whether to invest in crypto, if yes, then which cryptocurrencies should I be looking at? In this article we are going to be doing exactly that, we will look at the best cryptocurrency to buy in 2022.

How’s the rest of 2022 look like for cryptocurrency?

In 2022, the word of the moment in the cryptocurrency sector will still be volatility. This year was expected to carry the brilliant momentum from the last year, but a series of shock events, including the conflict in Ukraine, years of historically elevated inflation in the United States and other developed nations, and rising oil costs, frightened the equities and cryptocurrency markets in equal measure.

Unsettlingly, the majority of these problems have not yet demonstrated any indications of quickly disappearing. This implies that volatility will persist into 2022 in both the cryptocurrency market and the wider financial system. There is little doubt that the wintery spell will pass, but it is impossible to forecast when things will start to improve in the absence of any obvious approaching indicators.

Best Cryptocurrencies to buy in October 2022

Let us have a look at the best cryptocurrencies that you can buy in October 2022. For simplicity, I have divided 10 cryptocurrencies into 3 bags:

Long term cryptocurrencies
Medium term crypto currencies
Short term altcoins

Top Crypto currencies to buy in October for Long Term

Bitcoin: Best crypto to buy in October for long term

Market Cap: $383 billion

Bitcoin seems to be quite volatile currently, swinging between severe price dips and unstable surges back up.

Following the Federal Reserve’s announcement of more price hikes on Wednesday, the token’s price dropped, plunging well over 3% in a couple minutes. The price of Bitcoin soon increased once more, but it then swiftly fell to around $18,000 by late Wednesday afternoon before quickly rising to $19,500 once more by Thursday afternoon.

Bitcoin has had difficulty maintaining its price over $20,000, and recently even $19,000. A run of unfavorable economic events has a negative impact on the token and lowers market mood. At the time of writing BTC is trading just above 20kUSD, and we think this is one cryptocurrency that you can hold for long term, without much worries. Thus, we have mentioned Bitcoin as one best cryptocurrency to buy in October for long term.

Bitcoin Price Predictions for 2022

Compared to other established asset classes, the price of Bitcoin is especially harder to forecast and more vulnerable to market forces. However, we still made the decision to consult various specialists for their best projections for 2022.

Cryptocurrencies and the stock market have both experienced a terrible first half of 2022. A weakening economy, increasing inflation, and increasing interest rates have caused investors to steer clear of riskier assets. Bitcoin might return to $28,000 by the close of the year, as per a Deutsche Bank research, considering that Wall Street is now in a bear market and analysts anticipate it to continue for an another couple of months.

Should you buy Bitcoin in October 2022?

By the end of 2022, according to a 53-expert panel cited by Finder, Bitcoin should cross $25,000 by the end of 2022. Even if it goes down by more than 50% in next two month, BTC is one crypto that I believe will always make a stronger come back.

Ethereum: Top Altcoin to buy this month (according to marketcap)

Market Cap: $192 billion

The most well-known altcoin is Ethereum, which is much more than simply another coin to many investors and fans. And although its terrible first half of the year, analysts say it might still go up over $10,000 in long term.

Since its launch in 2015, Ether (ETH), the native currency of Ethereum, has experienced tremendous value growth. The value of Ether, which computer engineer Vitalik Buterin developed in 2015, has climbed from $0.311 at its introduction to above $4,800 at its peak late last year, with significant price fluctuation throughout the route.

Ethereum Price Prediction for 2022

ETH might conclude 2022 between $6,500 and $7,500, according to the cryptocurrency news site Coinpedia, if the positive upsurge that began in mid-2021 were to continue. However, a negative fall in the cryptocurrency market in 2022 shown that Ethereum’s price is not likely to increase only on mood. In fact, Coinpedia has since changed its 2022 forecast to $2,500.

However we think, by the end of December 2022, ETH could be trading below 1000USD.

Buying Ethereum in October 2022?

ETH is currently trading around 1340USD. From its ATH, it is down close to 73%. So, if you were thinking to buy ETH at 4800USD, there is no reason why you should not buy ETH in this month, now that the price dropped significantly. The fundamentals are still the same. Infact, technology wise Ethereum is upgrading everyday.

Ether may see another significant in the remaining part of the year. According to blockchain industry researcher Wendy O, ETH could decline by as much as 85% from its record high of $4,800, that might well bring it down to about $750. Kavita Gupta, a venture capitalist, predicts that ETH might drop as low as $500 if the overall market sell-off intensifies.

Even if that happens, ETH in long term is still a good buy. You can always buy a part of what you had planned to put in Ethereum in October.

Solana: Best Altcoin to buy this month

Market Cap: $10 billion

For Solana, 2021 was a remarkable year (SOL). It went from being a very obscure cryptocurrency to one of the top cryptocurrencies by market cap, growing by almost 11,000%. One of the quickest cryptocurrencies currently available is called Solana, and thanks to its minimal transaction costs, it has gained popularity as an Ethereum substitute (ETH). The majority of the main cryptocurrency exchanges currently list it.

Sol vs Eth? With many uses, Ethereum is still the most popular smart-contract cryptocurrency. However, exorbitant rates and severe network congestion are pushing developers and investors to look for alternatives. One of the main winners from this change is Solana.

Since its ATH, SOL’s price lost close to 230 USD. Even though SOL’s price dropped below $100 in late January, it eventually climbed back to $110. The Wormhole hack, however, forced the price back down to the three-digit range.

Additionally, the fear surrounding the FED’s rate rise did return gains to zero. However, SOL called it quits with the 1st quarter at $130.47 due to the rapidly impending fresh quarter.

Along with the general crypto market, SOL had a sharp decline at the beginning of the 2nd quarter. The business’s more pessimistic tendencies have made SOL’s price prediction worse. Since the beginning of the second quarter, the price of the Ethereum competitor has dropped by more than 70%.

Today mark’s the end of Q3, and SOL is trading today at 34USD. It is hovering in between 30-40USD for quite some time now.

Solana Price Prediction for 2022

As of the time of publication, 1.65 million NFTs had been sold in Solana, according to Santiment. The increase in the number of NFTs is more clearly depicted in the graphical form. Emerging NFTs constructed on Solana have a substantial impact on the expanding volumes. Blue-chip cooperation and announcements that have an impact might eventually drive the value to its resistant line at $48.1925.

Buying Solana in October 2022?

The number of marketers has indeed been dropping, and the falling number of trades may end the year around $35.7475. The average price might end up at $42.1450 if the linear price trend is respected.

However, I feel Solana is the best altcoin to buy now for long term. The price has already discounted by more than 80% and is trading at a very good price at this point. Compared to ETH, I think Solana is a better buy for October 2022.

BNB: Best Exchange Coin to buy this month

Market Cap: $44 billion

The Binance coin is a crypto currency that trades with the BNB ticker and is independently represented on the Binance trading platform. BNB was founded in 2017. The entire ecosystem has been built to accommodate a wide range of utilities, including listing fees, exchange fees, and trading fees.

The most significant of these reasons that contribute to Binance’s popularity is that it consistently handles 1,000,000,000 in trade volume. It appears like Binance’s future will be fruitful. In order to maintain stability and prevent unforeseen market volatility, BNB is burned in a methodical, phase-by-phase manner.

Another feature that sets BNB apart and makes it a target for mass adoption is the benefit of inter-tradability for other digital assets. You can save your trading fee on Binance by choosing to pay fee in BNB.

BNB Price Prediction for 2022

With the help of the exchange platform, the auto burner mechanism, and the smart chain’s expanding client base, the valuation might increase dramatically and reach a top price of $453.1. While a linear increase might cause the price to stabilize around $388.0 on average. The price might fall back to $328.3 if the market becomes jittery and there is FUD and bad sentiment.

Should you purchase BNB in October 2022?

BNB is currently trading at ATH in terms of Satoshi. It is one of those altcoins that has performed better compared to other altcoins, in this bear market. Binance is one of the quickest exchanges to innovate. The exchange is trusted by majority, which makes it a good coin to hold.

Best Crypto currencies to buy in October 2022

Top Cryptocurrencies to invest in October 2022 for Medium Term

BAT: Best Altcoin to buy for Medium Term

Market Cap: $450 million

The utility cryptocurrency of Brave’s blockchain-based digital advertising ecosystem is called Basic Attention Token (BAT). The Brave internet browser prioritizes privacy and security. BAT was introduced in 2017 as an ERC-20 token.

Users who see advertising using Brave are given Basic Attention Token (BAT) as remuneration. BAT is used as a form of trade by users, content producers, and advertising. Brave browsers give internet users even greater privacy and anonymity because of BAT. The startup raised $35 million in less than 30 minutes during an ICO that took place on May 31, 2017.

BAT Price Prediction for 2022

BAT is predicted to reach 0.6USD again before the end of the year. Currently, trading at 0.30USD and is quite close to the low level. From here BAT could do a 1.5x by the end of October, 2022

Should you buy BAT in October 2022?

Since BAT’s price action shows cyclic movement, and it is almost treading at the lower level, BAT token’s price can increase to $0.4795 in short term. On the down side, unfavorable remarks made in response to the protocol’s failure to live up to its promises might cause the cost to drop below $0.2544. The average price may find support at $0.4091 when the bearish and bullish targets are taken into consideration.

XLM: Best Cryptocurrency to Hold for long term under 1USD

Market Cap: $2.7 billion

For the payment and trade of digital currencies, there is a blockchain network called Stellar that is open-source. Looking back to its beginnings, Jed McCaleb, a co-founder of Ripple, and former attorney Joyce Kim first created the entire network Stellar in 2014. And in 2015, Jed McCaleb made it official. Investors may create, transmit, pay, and exchange digital representations of all types of money, including bitcoin and other cryptocurrencies like Rupees, Euros, Pounds, Dollars, and Pesos.

XLM Price Prediction for 2022

XLM is currently trading at 0.12USD and is very near its local bottom. The chart could revert from here and XLM could go up by 50% from its current price.

Buying XLM in October 2022?

The network will be more interoperable, inclusive, stable, and innovative if it meets the goals set forth in its roadmap. By the end of the year, XLM might soar to $0.1714 in price. On the other hand, if the protocol didn’t perform as expected, the cryptocurrency would fall to $0.0852. Taking into account both the bullish and bearish targets, XLM’s price may ultimately settle around $0.1459 overall.

XRP

Market Cap: $16 billion

At the beginning of 2017 and the beginning of 2018, Ripple took a startling rise, briefly overtaking Ethereum as the second most capitalised cryptocurrency in the world. Following this expansion, the exchange rate and trade value of XRP suffered a lengthy and agonising drop. On average, the decline turned out to be even more than the declining capitalisation of cryptocurrencies as a whole.

XRP has been able to recover and restore its ground thanks to the early 2021 crypto market surge. After SEC sued Ripple accusing it to raise money despite being a security, the price started falling rapidly.

Recently, both XRP and SEC has appealed for a summary judgement, and XRP is probably heading towards a win. If that happen, XRP could shot up real soon.

Who knows what the future will bring, even though the coin hasn’t yet surpassed its past highs? In the future, XRP may very well return to the moon. Let’s examine this coin’s potential in more detail for our forecast of the Ripple price.

Check here to see: XRP Price Prediction for 2022

The Ripple XRP price is trading at $0.4502 right now. The critical resistance is $0.725, while the proximate resistance is $0.557. The levels of $0.8603 & $0.9956 will present the coin with significant resistance if it manages to breach these levels. Click here to read the full price prediction of XRP!

Should you buy XRP in October 2022?

The immediate and critical support, however, is set at $0.25 and $0.23, respectively. It continues to put up a valiant struggle against top-tier cryptocurrencies like Bitcoin, ETH, Solana, BNB, etc. The Ripple cryptocurrency, however, may try to maintain its position, therefore it is an excellent investment choice with a fantastic purchasing opportunity, according to the XRP price forecast. If you are a Ripple believer, October could be a good month to buy some XRP.

Top digital currencies to buy in October 2022 {Short Term}

Best Short Term Altcoins to buy in October 2022

BRISE

Market Cap: $230 million

The Bitgert network’s native token is called BRISE. It was originally released on the Binance network as a BEP-20 token. It is now accurate to discuss things like a Bitgert coin price forecast because the currency was transferred to its native BRISE chain after the BRISE Chain’s debut.

Click here to check BRISE Price Prediction for 2022

BRISe is currently trading at 0.0000005615 USD. Brise’s price prediction for 2022 suggests it could reach 0.000004446333574, which means it could do a 7.91X in next 3 month.

Should you purchase BRISE in October 2022?

BRISE or Bitgert is rising in popularity and the strong community it has suggests BRISE could do a Dogecoin in 2022 and then 2023. This is a layer 1 blockchain solution, and they call themselves a strong ETH alternative. They are or not, time will tell. But the current sentiments are positive, and going with the trend, short term BRISE is a good hold.

FTM

Market Cap: $577 million

Fantom is one such protocol that has the power to completely alter the DeFi world thanks to its smart contracts. The goal of the FTM coin launch was to incorporate global platform compatibility for all types of payment. The network’s scalability is enhanced by the platform’s use of the DAG smart contract platform.

FTM Price Prediction for 2022

Given that marketers would have a positive perspective, the FTM price may set off a rocketing flight in the 4th quarter of 2022. Higher quantities might be brought in by societal attitudes. By the end of 2022, that may influence the price of FTM to approach its all-time high for a quarter of $0.5765.

Buying FTM in October 2022?

While uninteresting conditions and ordinary transactions can cap the FTM price at $0.1075, positive sentiments can take FTM to half a dollar. By the December 2022, on an average FTM could be trading around $0.4015 on an average. FTM is a solid altcoin that is there in existence for a long time now. There is an ecosystem brewing around Fantom, and FTM is almost trading near its support zone, which make it a good buy for this month.

KASPA

Market Cap: $37 million

Kaspa is a GHOSTDAG protocol-based proof-of-work undertaking. In contrast to traditional blockchains, GHOSTDAG does not ignore parallel blocks. Instead, it encourages harmony and agreement among them while allowing for coexistence. Kaspa is essentially a condensed version of the Nakamoto Consensus.

The initiative lacks a centralized economic or governance structure. It is therefore community-based, decentralized, and open-sourced. The project was carried out in 2016 by Yonatan Sompolinsky and Aviv Zohar, who came up with the initial concept.

Click here to check KASPA Price Prediction for 2022

Kaspa is currently trading at 0.002993 USD and our price prediction for Kaspa suggest it could reach 0.005171621053 by the end of 2022.

Should you purchase KASPA in October 2022?

Kaspa is a new altcoin that is gaining popularity. The altcoin has been corrected by 30 percent in September last week and should be a good buy now. For anyone looking to get multifold returns, can consider investing a very very small part of his portfolio in Kaspa.

Risks involved in Investing in Crypto in October 2022?

High Volatility, the crypto market is driven by it. If you’re hearing this term for the first time, then volatility means the sudden shift in market sentiment that can in turn result in massive price movements.

The fear of recession in the US markets, people are scared of the upcoming recession in the states and are panic selling their assets and liquidating it.

If you are planning to buy crypto in October 2022, only invest the money which you are comfortable to lose, don’t invest from retirement fund, or life savings.

It is really hard to predict the outcome of the crypto market as a whole, because it is connected to a lot of other things and there’s uncertainty everywhere.

FAQs

Which is the best cryptocurrency to buy in October?

This is completely based on the user and his ability to take risk. We have prepared a comprehensive article which goes in detail about this. However, by personal favorite is Solana for long term.

SOL vs ETH: Which cryptocurrency to buy in October?

Both Solana and Ethereum are excellent projects to invest in for the long term. Some analysts are predicting that Ethereum might fall even further, so Solana might be a better option for you in October.

Which altcoin is a good buy this month?

XRP is booming in the market once again. With its lawsuit coming close to an end, investors are speculating a massive hike in the price after the verdict is out. So XRP is a safe buy with assured returns at the moment.

Which Crypto to buy for the long term?

Despite many reports suggesting the sideways market for the rest of year, I think Bitcoin and Ethereum and almost every other cryptocurrency is now available at a discounted rate. So in the long term these assets should turn around and return a good profit.

Should I invest in penny cryptocurrencies in October 2022?

Exploring new projects and investing a small portion of your portfolio is always good. It can go either ways, but as mentioned in the low short term, high risk high reward. If you understand the risk, you can invest a very small amount of your portfolio in penny cryptocurrencies like Kaspa and Brise.

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Disclaimer:

You should not regard any of the article’s material as advice of any kind since the information on this page does not represent investment advice, financial advice, trading advice, or any other kind of advice. You should not purchase, sell, or hold any cryptocurrencies, according to this article. Prior to making any investing decisions, do your own research and speak with a financial professional.