September was not a great month for most cryptocurrencies. The quoted prices in the market mostly indicate a downward progression. It should be noted that the month of September over the past 12 years has recorded a negative result in the markets.
For example, bitcoin, which is generally one of the top cryptocurrencies, recorded an average growth of -7% during the month of September. However, the month of October presents optimistic and smiling prospects in reference to previous years. Find out with us the top 5 cryptocurrencies to buy for the month of October.
Top 5 cryptocurrencies for October
Here is a list of the top five cryptocurrencies you need to buy for the month of October:
- Tamadoji (tama)
- Battle Infinity (EPAT)
- Bitcoin (BTC)
- Solana
- Ethereum (ETH)
The characteristics and statistics of these cryptocurrencies rightly justify the choice of acquiring them. Find out in detail the arguments behind your decision to invest in these five cryptocurrencies.
Tamadoge continues its work flawlessly
Tamadoge is a new Play-to-Earn cryptocurrency that is one of the most announced projects of 2022. After an eight-week pre-sale and raising $19 million, the cryptocurrency got its first listing on OKX. The new star of the meme angles should logically see its price increase.
Many analysts are confident that the price of TAMA will rise in the short term. Remember, the pre-sale occurred in the middle of a bear market. If the coin is trading at $0.03 today, the goal is to quickly reach the $1 token bar. Given the excitement it’s getting at right now, this cryptocurrency shouldn’t have much difficulty achieving that goal.
Battle Infinity can go up to $0.01
This platform has grown rapidly since it was launched and listed on the exchanges. Its community continues to grow over time making this P2E game a decentralized project to watch. What makes it successful is that apart from its own IBAT token based on the Binance Smart Chain, it also integrates the metaverse and NFTs.
IBAT is quietly continuing its roadmap after being recently listed on LBank and Coin98. Its current price of $0.0033 is expected to double by the end of 2022 according to some analysts thanks to its presence on popular exchanges. IBAT token holders can only hope that the cryptocurrency will recover to an all-time high of $0.01.
Bitcoin is on its way to $25,000
Known as the “King Coin” of the cryptocurrency market, Bitcoin is playing the last cards to maintain its position. Bitcoin stands as the benchmark for signal quality in the cryptocurrency market. It must stay within the path of $19,000 to escape a drop below $16,000 to maintain the pattern.
According to the tradition of every October, the Bitcoin price should be between $17,000 and $19,000. Experts agree that the margin for financial growth relative to ATH will be in the order of more than 20%. So October promises to be a sunny month for Bitcoin with many opportunities expected.
With the validation of the Bitcoin ETF, King Coin must take major steps in order to push it into the green category of the chart. Forecasts show a price of $24,000 for the end of the year from October.
Solana aims for $60
During September, the top 1 cryptocurrency of the summer gained 26.9%. However, the cryptocurrency has been going through negative phases for the past few days while maintaining positive scores. In fact, Solana posted a loss of 34.4%. Let your ATH amount to $213.47.
This situation may seem critical for cryptocurrencies. However, it should be noted that Solana is the #1 competitor to Ethereum and lists as major clients, institutional players. In addition, it is a network that records a large number of NFTs projects.
This allows traders to remain confident of a maximum of $60 for Solana by the end of the year. So October has every reason to remain a month of odds and opportunities when it comes to earnings. All it takes is a bullish wave. The cryptocurrency will see a rapid recovery in its ATH rating at this time.
Ethereum could cross the $1,400 threshold
During the month of September, Ethereum had an average negative score of 6.2%. After the Chinese invasion and phishing, the cryptocurrency had serious problems in its network. This led to the two large ether pools, notably SparkPool and BeePool, announcing the end of all activities in China.
This unpleasant reality opens up new horizons for blockchain developers. The latter launched version 2.0 of Ethereum. This is a boon for institutional investors who are more and more interested in the future of Ethereum than the future of Bitcoin.
The short-term forecast shows a path around $1,300, which will advance, surpass and reach $1,400. The value of Ethereum futures contracts is $65 billion. Achieving these results will depend solely on the market conditions of ETH as well as its network.
Normally, every cryptocurrency predicts the arrival of a bullish wave. This reality will bring the market back and push cryptocurrencies to a much higher level than when they started.