Following the crypto-boom of February, March, April, and May, the price of cryptocurrencies plummeted in June and July. The months of August and September witnessed Bitcoin and other altcoins values recover from the previous months’ high lows. This sparked a heated debate over the possibility of a cryptocurrency bull run before the end of 2021. Here is a list of the top 5 altcoins to invest in in October 2021.
Cardano’s price jumped by 134.85% in a month, from US$1.32 on August 1st to US$2.32 on September 2, 2021, when the token achieved numerous milestones. It hit a new high of US$3.10, which is a new all-time high. Due to the stock price collapse of Chinese real-estate giant Evergrande, there has been a negative crypto market mood in the past two weeks of September. However, October will be a significant month for the new currency that is at the heart of the peer-reviewed blockchain technology that seeks to tackle real-world problems.
When crypto whales began to pour more money into the different altcoins, the price of the Litecoin currency, called the silver to Bitcoin’s gold, surged by 60.6117% in one month, from August 1 (US$144.51) to September 6 (US$232.10). LTC has been one of the cryptocurrencies struck hard by economic news from Asia, as well as a lack of trust in keeping digital tokens, in the final two weeks of September. Because of its low pricing, Litecoin might still be considered a low-barrier-to-entry cryptocurrency for traders and investors. The third quarter of 2021 concludes in September, while the fourth and final quarter begins in October.
After its introduction in 2019, Solana (SOL) went from being one of the projects labeled as an Ethereum Killer to becoming a top 10 digital asset globally. Solana took advantage of institutional demand for cryptocurrencies along with the desire of inexperienced traders and investors to end the pandemic year at US$1.51 after launching on April 10, 2020. On September 9, 2021, SOL achieved an all-time high of US$214.96. This made SOL one of the best-performing cryptocurrencies in 2021. Year-to-date, SOL has returned an amazing 14,135.8%. Solana is one of the cryptocurrencies that might ignite your investment portfolio with fresh advancements in its ecosystem.
The EOSIO ecosystem’s new coin is called EOS. EOS is a transactional currency that developers must utilize to create decentralized applications and access resources inside the ecosystem. This helps to explain why the token is still used in hundreds of transactions every day. EOS is one of the most widely traded cryptocurrencies. In September, the daily trading volume of the digital coin averaged US$1 billion.
In 2021, AAVE was one of the rare crypto tokens that returned more than 600 percent to investors. The innovative token (AAVE) has averaged US$200 million in daily trading volume as one of the most well-known decentralized lending services in the sector (Aave). This is significantly higher than other DeFi tokens’ volumes. In the near run, purchasing AAVE in October may result in a return of at least 125%.
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