Top 5 Cryptocurrencies to buy in October 2021
If September was Rektember, October in crypto is called Uptober. History clearly says October belongs to the bulls. So let us have a look at some cryptocurrencies, which we think are going to give good returns in October.
Every other day, we see #Cryptocurrencies, #Bitcoin, #Ethereum #NFTs to be trending in Twitter. Even national media has started covering cryptocurrencies on regular interval. The retail investment in cryptocurrencies have increased. However, most of the retail investors do not know where to invest their money. If you’re looking forward to investing in crypto, here are the top 5 cryptocurrencies to buy in October 2021.
The crypto world has a few predominant names like Bitcoin, Ethereum, Polkadot, and so on. These might seem overwhelming, but knowing all your options and their statistics is very important before you invest in digital currency.
Top Cryptocurrencies to buy in October 2021 (List)
To help you with stats behind all the predominant cryptocurrencies, here are the top 5 cryptocurrencies to buy in October.
- BTC (Bitcoin)
- ETH (Ethereum)
- DOT (Polkadot)
- GTC (Gitcoin)
- SNX (Synthetix)
You can take a look at September’s trending and investment-worthy cryptos here!
5 Best Cryptocurrencies to Invest in October 2021
1. Bitcoin (BTC)
This cryptocurrency was built way back in 2009 by an anonymous person named Satoshi Nakamoto. BTC runs on Blockchain technology. In simpler terms, it’s a record of logging transactions across a network of thousands of systems.
While Bitcoin still continues to be the big and hottest name in Cryptocurrencies with the largest market cap, its prices still sky-rockets every other day. Last year, on 2nd October, BTC was was priced 10,624.39 USD. Bitcoin has witnessed a rise of more than 450% in less than one year.
Current Market Capitalization: Over 898.81B
Bitcoin October Price Prediction: We are expecting Bitcoin to touch 55000 USD by the end of this month.
2. Ethereum (ETH)
Ethereum is one of the favorite blockchain platforms for developers because of its potential applications like smart contracts and NFTs. Enormous popularity of NFTs, shot the price of ETH from 85 USD to 3200 within 1 and half year.
Starting from 0.30 USD ICO price, ETH is now trading almost at $3200. In fact, after Bitcoin, ETH is the second-largest cryptocurrency in terms of market capitalization.
Current Market Capitalization: Over $388 billion
Ethereum October Price Prediction: We are expecting Ethereum to touch 4100 USD by the end of this month.
3. Polkadot (DOT)
Polkadot is aimed at delivering interoperability among the other blockchain in the crypto market. Polkadot also allows running parallel blockchains with their own native tokens. Unlike Ethereum, developers can create their own blockchain alongside using Polkadot’s chain security. This concept is known as shared security.
Crowdloan is coming very soon on Polkadot and this may shoot the price of DOT. Moonbeam on Polkadot is gaining popularity and once the crowdloan date is finalised, DOT is expected to shoot up.
At the time of writing DOT is trading at $32.25 DOT and has a market capitalization of over $32 billion.
Current Market Capitalization: Over 31B
DOT October Price Prediction: We are expecting Polkadot to touch 45 USD by the end of this month.
4. Gitcoin (GTC)
Gitcoin is a platform that funds builders who are looking for open source work. Project owners and developers can submit their projects like Git repository, podcast, codebase, and various other initiatives. Gitcoin has funded more than $35.3 million till date GTC is the governance token trading at $8.04
Current Market Capitalization: $111,762,808
GTC October Price Prediction: We are expecting GTC to do more than 2x this month. Gitcoin is the coin of the month.
5. Synthetix (SNX)
Founded by Kain Warwick and Synthetix Foundation, Synthetix is a decentralized protocol based on Ethereum network that issues synthetic assets. It managed to raise $30M in the seed round and token sale. SNX is an ERC20 token currently trading at $10.61.
Current Market Capitalization: $1,852,277,335
SNX October Price Prediction: It is currently very close to the support base, and we are expecting SNX to do a more than 1.7X this month.
Which is your best pick for October?
Decentralized platforms like these cryptocurrencies based on the blockchain allows individuals to engage in P2P financial transactions or contracts. This negates the third-party intermediator factor completely. The way cryptocurrency has been growing over the past few years, crypto has the potential to disrupt conventional financial norms and democratize finance. Although these facts are based on current trends and market capitalization at the time of writing, the above-stated top 5 cryptocurrencies have serious potential to do good in the coming future as well, just not in October.
We have mentioned BTC, ETH, DOT, GTC and SNX as our picks for October. Share with us which coin/coins do you think will perform better this month. Do you have any of the above mentioned coins in your portfolio?