The previous month has been treacherous to the cryptos. While some have taken beatings, others have performed despite the odds. Altcoins are in the race to supremacy, each trying hard to be one of a kind.
Analysts and traders have pinned high hopes on October. And have rolled up one’s sleeves, to yield the most out of their holdings this month. Certain altcoins hold the potential, to yield higher returns on investments. Which in most cases, are lost in the pool of ace coins.
Also Read: Is This The Biggest Altseason Ever? Last Chance to Buy the Dip Before Takeoff!
Gainers and Losers
DogeCoin
The well-known meme coin at press time values at $0.206. It ranks 10th place in terms of market cap. The returns from the coin are not overwhelming in any way. The coin on the 1st of August 2021 was trading at $0.2118. Which rose to $0.347 on the 16th of the month. A downtrend is seen ever since, and the coin at press time is trading for lesser than that on August 1st, 2021.
Harmony (ONE)
The digital asset at press time values at $0.1543, with a market cap ranking of 75. The performance of the digital asset is impressive. ONE on August 1st was trading at $0.0793, which plunged to $0.1142 on August 16th. The charts have been exceptional, the coin on the 13th of September peaked at $0.216. The digital coin has been a gainer for investors in the run.
Telcoin (TEL)
The digital asset at press time is trading at $0.016. The graphs have been fluctuating for the coin in the run. On August 1st TEL was trading at $0.018, which rose to $0.0288 on the 23rd of August. However, a fall is seen since the peak.
FTX (FTT)
The crypto at press time is trading at $57.17. The gains have been phenomenal in the run. On the 1st of August, the coin was trading at $35.41, which plunged to $53.07 on the 13th of August. Post corrections it is seen achieving $81.55 on September 7th. From the charts, it is seen rebounding impressively in short terms. Which describes the potential of the crypto.
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Potential Investments for October 2021
Polkadot (DOT)
The network is on the radar of traders and investors for quite some time now. The platform hosts strong underlying fundamentals. And is readying for the bigger run with value-centric upgrades like the parachains. Which has been gaining steady acceptance in recent times. The underlying protocols enable it to be a worthy investment.
Kusama (KSM)
The canary network of Polkadot, Kusama, also carries significant potential as the Polkadot does. Kusama and parachains are the talks of space. The upgrades have brought impetus to the network. The auctions of parachains have shown the institutional belief in the ecosystem. Similarly, the underlying tech might bring impressive gains this October.
Bitcoin (BTC)
The star crypto lies on the radar of professionals and newcomers in the industry. The ever-growing acceptance and popularity have brought the coin a long way. And if the rumours of ETF materializes, the surge will be exponential as the returns from institutional adoptions are yet to come.
Summing up, enthusiasts have high expectations from October. The coins might surge folds this run, provided things fall in favour of the cryptos. Hopefully, the fourth quarter will yield profits for traders and recover losses if any.
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