This article will see Bitcoin, and other altcoins are worth watching in October. There are many changes, which we cannot ignore. On this occasion, we give a recommendation of several coin that has the potential to save.
The current situation is the basic development of the Blockchain industry is increasingly crazy. Although the market has a weak demand for Bitcoin, it is still at its historic highest. However, the market saw a request explosion for the Ethereum network and several other coins.
1. Ethereum (ETH)
According to it, JP Morgan was created due to demand for NFT (decentralized finance) which is Ethereum’s bread according to him, JP Morgan was created because of NFT requests (decentralized finance) which are bread and butter ethereum. This token will be a greater request in 2021-2022. And Ethereum is the first coin that we recommendation investing in it.
This is supported by a lot data on the chain, which shows that long-term holders are in growing supply. The spot transaction volume also confirms this transaction volume. While Ethereum accounts for only half of Bitcoin’s market value but accounts for two-thirds of Bitcoin’s transaction volumes,
JPMorgan Chase mentions that traders are extremely interested in open futures contracts. This is Ethereum. This is Ethereum.
Also, we have an ETH2.0 contract that absorbs more Ethereum every day. This could cause tight supply and raise the price. There could be a lot more volatility with the launch of Ethereum 2.0. This is how professional traders trade futures. Options are an option to hedge against some trading volatility.
Although we don’t know the future, the adoption of cryptocurrency by all major institutions around the globe is confirmed 100%.
This could be due to two factors. The Lightning Network is able to perform large transactions from Bitcoin’s main base layer. This is a positive sign. We’ll also see that the Lightning Network is expanding at an incredible rate.
The second reason could be that transaction volume has declined as interest rates have normalized. This means that traders and people looking for medium-term transactions should consider Ethereum. Ethereum’s basics are much more fascinating, and the daily volume of transactions is steadily increasing. The daily transaction volume has not fallen below 1,000,000 since July. This chain will see more action.
2. Uniswap (UNI)
Uniswap is listed in the list as one of the indirect donors for the total ban on the 700th Cryptocurrency in China. Even so it doesn’t make their prices in the market fall until basically. Most likely recover quickly and remain one of the coin we recommendation.
The Chinese government has completely banned all centralized cryptocurrency exchanges, and the popularity cryptocurrency trading not belonging to the CBDC was made illegal. People in China are now forced to trade their cryptocurrencies on decentralized exchanges such as Uniswap.
Uniswap, the largest decentralized Ethereum exchange, is the largest. UNI tokens have increased by 20% over the past few days. As the people of the plains try to move their cryptocurrency from a central location to a physical wallet and exchange it for other currencies overseas, we expect Uniwap to be more popular in the weeks and months ahead.
But, the end result is that in a country where Chinese crypto investors love cryptocurrencies. It was likely only a largely open market.
3. Cardano (ADA)
Cardano is third in the coin list that we recommendation. They just concluded the peak and announced a large-scale partnership and project in various industries. It’s too charming to ADA.
These projects expand Cardano’s accessibility for dApp developers as well as those who may use the network to DeFi. Charles mentioned the App store on the iPhone in interviews and meetings. He also talked about how it has transformed many industries, allowing entrepreneurs the opportunity to create unique applications for every use case.
A decentralized identifier, or DID, is a way to prove your identity without giving your identifying information out to anyone. Blockchain is great and completely safer.
This is still a low number compare to Ethereum or Binance Smart Chain (BSC), but this will increase as more dApps launch on the blockchain. What impressed me most is that many traditional businesses want to use Cardano to implement their business. This is a positive sign of strong user growth.
4. Bitcoin
According to the president of El Salvador’s tweet, more than a 2.1million people, or a third, of El Salvador’s total population, are using Chivo Wallet to store Bitcoin.
This just shows how powerful an open-source protocol such as Bitcoin can be. The internet is the most prominent example. Because the internet is open-source, the entire world economy has building. Once you have it, the internet connection is yours to use and build for free.
This is a valuable innovation for Bitcoin. It shows that Bitcoin can use and the lightning network and blockchain to send fiat currency. Therefore, with the popularity of Bitcoin. We still recommend investing in this coin. Because Bitcoin still a promising investment.
5. Avalanche (AVAX)
AVAX was finally born. In August, it announced a large scale incentive program. According to reports, it will offer $180 million in funding for people who want to join the network. It is called Avalanche Rush.
The Avalanche chain will now have the two most popular DeFi protocols on Ethereum: Curve and AAVE. Within three months, the first phase of Avalanche rush will offer users Curve AVAX tokens and AAVE tokens in return to liquidity mining.
AVAX will accept by other DeFi platforms like Sushi Swap Yield and Pangolin as a reward for those who use this protocol. High yield farming is a good idea should use this marketplace to purchase AVAX and get their hoses, harrows, and reap the rewards.
AVAX, another EVM-compatible blockchain, will attempt to extract the most value from Ethereum. While I believe it is possible to expand Ethereum’s use cases and extend its reach to new markets, I believe that this is generally positive.
Conclusion
October is an important month for crypto investing. It is clear that the smart contract chain has many basic developments. Bitcoin is expanding in many markets. The Lightning Network is a potential catalyst for Bitcoin’s growth. As we all know, Bitcoin will rise if it does.
This is what cryptocurrency offers: a unique way to make money. There are many coins available, and they can’t all be combined. Because there are many factors that could cause an imbalance, it is likely to occur.
