Tag: Coins to Watch

Compared to the previous week, the cryptocurrency market has gotten off to a slightly slower start this week with the global market cap up by less than one percent. As the markets become less volatile, investors are becoming even more curious about which cryptocurrencies to watch or keep an eye on.

This is especially so because most of the top 100 are getting overrun by bearish sentiments — resulting in a drop in the value of many projects in the last 12 hours. Amidst all the chaos, however, there is good news.

The United States has welcomed its first Bitcoin-linked exchange traded fund (ETF) after fund manager ProShares launched its Bitcoin Futures ETF on the New York Stock Exchange. The final prospectus submitted to the Securities and Exchange Commission (SEC) did not meet any opposition, paving the way for trading to begin on Tuesday.

The launch may be a needed boost for Bitcoin and the rest of the market to launch on assault at previous all-time high figures. While we speculate on the possibilities of that happening, here are the top four cryptocurrencies to watch keep an eye on.

Top Four Cryptocurrencies to Watch This Week

1. Bitcoin (BTC)

Last week, bitcoin surged as high as $62,933 but fell short of $63k. However, the recent launch of the futures-ETF product has propelled the largest cryptocurrency by market cap across $63k and whiskers away from the previous all-time high around $64k.

Based on the bullish price movements, the $58,000 support will likely hold and serve as a firm base for reclaiming the previous all-time high. One thing to keep an eye on, though, is whether BTC hits a new all-time high in one quick burst. We may likely see a gradual rise over the next 48 hours, until the all-time high price is attained.

2. Ethereum (ETH)

Despite Bitcoin’s gains, the largest alt is visibly struggling as it closed the last trading session losing 2.16%. Market conditions have improved as we noticed a reverse of yesterday’s event. As of the time of writing, the largest alt is currently gaining 1.36%.

The $3,600 support has held out for more than six days. The strength of this support is yet to be tested as right-wing traders have successfully prevented a dip to that level. Nonetheless, the market may continue to act as support through this week, provided market conditions remain the same.

A massive price rally may send Ether as high as $3,900 with eyes set at flipping the $4k resistance. As of the time of writing, the market fundamentals are fairly flat, leaving as to what to expect. Regardless, the Moving Average Convergence Divergence (MACD) is hinting at a further drop in price as both lines are about to intercept.

3. Stellar (XLM)

XLM was one of the top gainers last week as it increased by more than 10%, but struggle to maintain the momentum as the coin’s market condition hinted at a slight pullback.

Currently, XLM is trading $0.36, more than 3% lower than its closing price last week. The XLM/USD pair is on the second day of price drop and may close the day with its candle painted red. The $0.35 support is the first line of defense to ward off further price slips.

Indicators are not looking too good for Stellar as MACD is about to get a bearish cross. Stochastic oscillator is also dipping with both lines headed down. Both indicators may prompt XLM to drop as low as $0.34.

4. Pancakeswap (CAKE)

The last seven days have proved to be one of the most volatile for Pancakeswap’s CAKE. The token hit a high of $20.8 and a low of $17.2 as it recorded gains of more than 4%. Will this week be different?

On the daily chart, most of the candles are dojis — having small bodies and long wicks. Nonetheless, we noticed the start of an uptrend as the asset has been picking momentum since the start of the week.

The Moving Average Convergence Divergence (MACD) suggests an impending price dip as fast and slow lines may intercept in the next 24 hours. A massive dip may leave CAKE looking to rebound at $17 as the coin remains in accumulation phase.

Ultimately, how these cryptocurrencies to watch perform will largely depend on whether Bitcoin is able to maintain its impressive start to the week. If market conditions continue to be ideal, longer traders will likely carry the week as Uptober continues!

The average crypto investor is always in search of the cheapest cryptocurrencies to invest in.  With the emergence of new coins every month, it can be difficult to know which cheap coins dominate the leaderboard, or for how long they’ve been around.

In this article, we consider the following:

• What are Cheap Cryptocurrencies?
• Top 10 Cheap Cryptocurrencies to Watch
• Why Invest in Cheap Cryptocurrencies
•  Frequently Asked Questions (FAQs) About Cheap Cryptocurrencies

What are Cheap Cryptocurrencies?

Cheap cryptocurrencies are perceived as coins that the value per unit has not exceeded $1. This means that while Bitcoin which trades above $50,000 is considered an expensive cryptocurrency, any coin with a unit selling for less than $1 is a cheap cryptocurrency.

For beginners, it is worth noting that this understanding is fundamentally flawed. You can buy less than 1 BTC, because bitcoin is divisible into small units. If you purchase $10 worth of bitcoin, it may be worth around 0.00001 BTC, but still allows you to profit from any increase in the price of bitcoin. The reason for the smaller units is because bitcoin has a supply of only 21 million coins.

On the other hand, so-called cheap cryptocurrencies often have billions of coins in supply, making their USD value considerably less to bitcoin. This broad supply does not in anyway make the underlying network more valuable than Bitcoin.

With that understanding in mind, let’s now take a lot at a list of cheap cryptocurrencies to watch.

Top 10 Cheap Cryptocurrencies to Watch

1. Stellar (XLM)

Stellar is a product of Jed McCaleb Stellar and lawyer Joyce Kim. The coin was introduced after the founder left Ripple in 2013 over disagreements about the company’s future.  direction. The project entered the mainstream in 2014 as it recorded its all-time high of $0.93 four years later.

Following its failed attempt at $1 in 2018, several corrections have left the coin at $0.33 as of the time of writing. The project joins the list of cheap cryptocurrencies as it is under the $1 valuation. The ATH has been the reason why many investors are HODLing the coin as they believe it will exceed $0.99 eventually.

2. Zilliqa (ZIL)

Prateek Saxena started working on Zilliqa  in June 2017 and the project testnet went live in March 2018. Zilliqa is a public, free blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

With ZIL trading at $0.09, it is considered a really cheap cryptocurrency. The coin hit an all-time high at $0.25 five months ago. Traders are hopeful of another ATH soon. The goal is to see the project join the list of cryptocurrencies that will explode – exceeding $1.

3. Chiliz (CHZ)

Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

With utilities like that of Chiliz, CHZ is one of the many cryptocurrencies that will explode. The project was founded in 2017 and entered the mainstream in 2019. Seven months ago, the coin was about to escape the list of cheap cryptocurrencies as it rose to an ATH of $0.8. CHZ will surely rise past $1 based on the utility.

4. Crypto.com Coin (CRO)

Crypto.com Coin (CRO) is a decentralized, open-source blockchain developed by Crypto.com exchange Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities.

The coin is three years old as its development and introduction to the market happened in 2018. CRO took a step closer to leaving the list of cheap cryptocurrencies as it recorded an ATH of $0.2 eight months ago. We may see more advances in this course in the coming days.

5. VeChain (VET)

Sunny Lu conceived the idea of boosting the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users of a blockchain. VeChain was created as a solution and fulfilling Lu’s dreams.

VET was once not a coin that is considered cheap as it was worth more than $1 before its introduction to the market. After entering the mainstream, Vechain lost most of its value as it struggled $0.10 at the time of writing. The cryptocurrency is taking gradual steps towards its return to the $1 mark.

6. Tron (TRX)

The Tron project initially launched to provide an environment where content creators can connect with their audiences. However, the project has since pivoted from that goal to competing against other blockchains that allow developers to launch decentralized applications (dApps). At this time, the creation of dApps such as those for decentralized finance (DeFi) has turned out to be Tron’s primary use case.

With a circulating volume of more than 71 billion coins and a previous position in the top ten, many Tron holders continue to stack the digital asset with hope that it can go back to its glory days.

7. AMP (AMP)

Where collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain, AMP token plays the role of collateral managers that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities. The project is described as a digital collateral token.

The coin started receiving a lot of attention four months ago as it rose to an all-time of $0.12. I currently hold a spot in the top 100 with a market cap of $1.9 billion as of this time.

8. Bittorent (BTT)

BTT is the native token of Bittorent, a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. The token was released as one of the new features added to the platform following its purchase by TRON blockchain.

Introduced in 2019, BTT price ranged for a long time before it saw a breakout six months ago – prompting an ATH of  $0.014. The token looks very promising it also has a spot in the top 100s; adding it to the list of cheap coins that will explode.

9. Dogecoin (DOGE)

Dogecoin open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.

The coin grew from being used as a tipping token on Reddit to being a form of exchange for goods and services. Following the massive boom that led the coin to recording an all-time at $0.73 five months ago, many traders are still hopeful that DOGE can exceed $1 soon.

10. Shiba Inu (SHIB)

Shiba token creators are anonymous and go by the name Rhyoshi. It is a meme coin like DOGE but is termed the “DOGECOIN KILLER”. Launched in August 2020, Shiba Inu has sparked a lot of reaction from traders – racking followers and getting a lot of push from influencers like Elon Musk.

The meme coin piqued the highest number of investors five months ago, leading to an ATH of $0.000038. With a spot in the top 20s, more investors are flocking to the coin as it is seen as one of the many cryptocurrencies that will explode.

Why Invest in Cheap Cryptocurrencies

People invest in cheap cryptocurrencies because they want to own full units of a cryptocurrency, and also earn massive profits if the coin one day exceeds $1. As noted earlier, however, this understanding is fundamentally flawed. Investors must base their decisions on buying a crypto, not on the USD price per unit, but on the value of the underlying network.

Frequently Asked Questions About Cheap Cryptocurrencies

Do cheap cryptocurrencies surge faster than the more valued? 

Many will love to believe they do as they have seen some cryptocurrencies explode by 1,000% and even as high as 1 million percent. However, in this article, we are discussing renowned projects. Recent price movements suggest that both enjoy equal amounts of upswing, although they may not all surge at the same high.

Is it safer to invest in cheap cryptocurrencies?

Cheap cryptocurrencies are often more volatile the more valued, making them more high risk investments. If the price of crypto assets drops significantly, more valued coins are more likely to recover faster than the cheaper cryptocurrencies.

Are These The Cheapest Cryptocurrencies?

The cheapest cryptocurrencies that we considered in this article is the meme coin SHIB which is worth $0.00003. However, there are other cheaper meme coins that SHIB, although these coins often have no use case.

Should I Only Invest in Cheap Cryptocurrencies?

All traders have a strategy they stick to. Some prefer to only invest in cheap coins while others trade every asset. You can decide to invest in cheap cryptocurrencies if you find

What Is The Cheapest Cryptocurrency on Coinbase?

The cheapest coin listed on Coinbase as of the time of writing is SafePanda. It is worth $0.000000000305. Note that this coin is not available for trading on Coinbase. Only the token’s price is being tracked by the platform.

There are many cryptocurrencies to watch outside the top 100 coins. However, because the cryptocurrency market is highly volatile, only a few coins receive the most attention while others that are not highly ranked struggle to get noticed.

The reason why coins struggle to get to the forefront of the crypto market is not farfetched. As of the time of writing, the last coin in the top 100 according to the Cryptocurrencies to watch index has a market cap of $1.12 billion.

With that large requirement, it is no surprise that we see a constant reshuffle of the top 100s. There is especially a shuffle within the 90th to 100th spot, and this trend is not stopping any time soon. With this in mind, we’ll take a look at the best cryptocurrencies to watch outside the top 100.

Best Cryptocurrencies Outside the Top 100

1. Basic Attention Token (BAT)

The blockchain is said to have a lot of utilities apart from using it to store information and keep track of records . Basic Attention Token (BAT) powers a new blockchain-based digital advertising platform that rewards users for their attention, while providing advertisers with a better return on their ad spending.

The project is currently ranked first in line to succeed in any exit from the top 100 and has earned its position as one cryptocurrency to watch. The 101st coin by market was created by two highly distinguished individuals in the internet browsing software industry, Branden Eich and Brian Bondy. To achieve the aims of the token, Brave software birthed Brave browser which has been in existence since 2016.

BAT’s utility has made it one of the fiercest competitors for a spot with top crypto, and the token has often found itself between the top 100 and the 20th spot. At the time of writing, only a $2 million gap stands between it and the 100th coin by market.

The chart above shows the BAT/USD pair about to break above the Keltner Channel. If the pair breakout, a return to the top 100 is almost guaranteed. MACD volume also points to a slight increase in the trading volume of the asset. The Stochastic Oscillator is hinting that the token may close the day within $0.75 and $0.8 – ensuring an exit from the keltner channel.

2. Decentraland (MANA)

Both Ariel Meilich and Esteban Ordano created MANA in 2017. Decentraland (MANA) was created with the aim of  becoming a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

The project is said to be built for content creators, businesses and individuals that are looking for a new artistic medium, business opportunity, or source of entertainment. MANA seems to have achieved its aims as there are 90,601 individual parcels of LAND, each of which is represented by an ERC-721 non-fungible token. Each LAND is exactly 16m x 16m (256 square meters) and can be found at a particular coordinate in the Metaverse.

We noticed that MANA is trying to pick up momentum as a trend indicator, MACD shows. The chart above also shows the coin maintaining the 60-80 region on the Stochastic Oscillator. Decentraland is also fixed at the center of the keltner channel. All the indicators are pointing to a little stability below $0.9 with a slight retracement before a final breakout to the top. We may see the project in the top 100 as it may return to $1 per unit.

3. Celer Network (CELR)

Celer Network (CELR) is a smartly designed layer-2 scaling solution that provides off-chain transaction handling. The Celer platform offers fast, simple, and secure off-chain transactions for both payments and smart contracts.

CELR is one of the projects in the Polkadot ecosystem. The coin was a product of four minds – Dr. Mo Dong, Dr. Junda Liu, Dr. Xiaozhou Li  and Dr. Qingkai Liang and was created in 2018. To realize its target of offering fast and simple transactions, the project runs on both existing and future blockchains.

Celer Network has in recent times entered the list of crypto big boys but slipped down the ranks. It currently has a market cap of $860 million. A return to the top 100 is only sealed when the 119th coin by market cap experiences a more than 30% increase.

An increase of the said magnitude looks very likely, as the coin has already spiked by 21% in the last 24 hours. The intraday increase has resulted in a near breakout above out of the keltner channel. A possible breakout is ensuring a more than 50% hike in price as MACD is yet to converge.

4. GALA (GALA)

Similar to what Decentraland does, GALA aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games claims that their mission is to make “blockchain games you’ll actually want to play.”

The project wants to change the fact that players can spend so much money, and countless hours spent playing the game, which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

It also offers its NFT that could be sold. Since its creation in 2019 by Eric Schiermeyer and Zynger, the project has 1.3 million monthly active users, and 26,000 NFTs have been sold, with the most expensive piece valued at $3 million.

Based on the recent introduction to the market, most long term indicators are yet to present information on the coin. Nonetheless, the charts above show GALA enjoying a little surge after three days of retracement. The 124th coin by market cap has had a robust market in the last 30 days as it saw a 300% increase.

GALA will have to experience a 80% hike to gain entry to the top 100. It may take a while but the project is one of the many cryptocurrencies to watch as it has an ever increasing community. This may be the needed catalyst for the 80% surge.

The new week is off to an average start as relative stability returns to the major coins in the top 100. Most of the coins in the top 10 are only down 1 or 2% and the global cryptocurrency market cap is only down by 0.3%.

Market fundamentals, however, are already pulsating with life as the world comes to terms with the fact that cryptocurrencies are almost inevitable.

Famous whistleblower Edward Snowden recently made a post acknowledging that governments cannot stop Bitcoin. Snowden came to this conclusion after reviewing the “failure of coordinated global campaign by governments to undermine public understanding of—and support for—cryptocurrency.”

He tweeted:

Sometimes I think back to this and wonder how many people bought #Bitcoin then.

It’s up ~10x since, despite a coordinated global campaign by governments to undermine public understanding of—and support for—cryptocurrency.

China even banned it, but it just made Bitcoin stronger. https://t.co/pbnOFGfaVf

— Edward Snowden (@Snowden) October 3, 2021

Following an already splendid start to October, here are the top four cryptocurrencies to watch this week.

• Bitcoin (BTC)

Bitcoin took a step closer to $50k a few minutes ago as it flipped the $49,000 resistance – recording a new 20-day high. The leading cryptocurrency is only down by 1.13% over the last 24 hours, hitting $46,900 before rebounding quickly within a few hours. Overall, Bitcoin is still bullish as it trades above its pivot point.

Both the 50-day and 200-day are still below the current price mark; hinting at a possible continuation of the uptrend. If this happens, we may see BTC retest $50k this week. Following the king coin actions above $46k, the $42k mark is now a long term support the $45,000 support may not flip anytime soon as fundamentals are holding no hint of an incoming FUD.

Defending bitcoin from attacks at $45,000 will guarantee a continual retest of the $49k resistance. The buildup to testing the first pivot resistance is expected to start at $51,000 will start once the bulls can sustain prices above $49,000. The king coin will not dip as low as the first pivot support at $37,900 this week.

• Axie Infinity (AXS)

Axie Infinity currently sits in the 20th spot by market cap ranking. The coin’s market cap totaled at $8.7 billion with AXS hitting an all-time high of $161 a few minutes to the time of writing.

The 20th coin by market cap is trading at $139 per unit indicating a 11.36% drop from the ATH. Using the the Pivot Point Standard, it’s clear that the AXS/USD pair have enjoyed price hikes over for the most part of the last five days.

AXS is in price discovery and nowhere close to bearish sentiment, having flipped three pivot resistances last week. We are seeing a spillover of bullish sentiment from the previous week, although any bearish takeover may leave Axie infinity struggling at $105 as it is the closest support to the current price. The odds of seeing a new all-time high, however, remain very high.

• Helium (HNT)

Helium is going through a little cooldown after six days of breaking resistance non stop. The currently ranked 59th coin by market cap is trading above its pivot point after a 15% increase during the previous trading session.

HNT rise comes to an abrupt end after hitting resistance at $21.7. The coin dipped below the 50-days MA ($20.6) and has been unable to recover. The HNT/USD pair tested the $19.5 support but could not break it as a little rally started pushing the pair above $20.

Recent price movements show that HNT has had several buildups to $21 from the $19.5 support in previous times. We may see the same unfold as HNT may pickup momentum and surge as high as $21 this week.

• Holochain (HOT)

Holo is also going through a cooldown after gradually surging over the last five days. Efforts by buyers to bring HOT out of its bearish dominance seem to fail as the coin is still trading below its pivot point.

The 50-days MA ($0.0099) as well as the 200-days MA ($0.01) are above the current price – $0.0092 and look a few feet away from it. HOT pivot point at $0.0096 got flipped a few hours to the time of writing creating anticipation for when the coin will finally steady above it.

Price action last week was filled with seller congestion as the HNT/USD pair suffered dips two days into the week. We may see the same pattern unfold this week. HOT could climb as high as $0.01 within the next seven days – breaking the Moving Average barrier.

Conclusion

This article highlighted four cryptocurrencies to watch this week. The above predictions coming true largely depend on market conditions remaining bullish for most parts of the next seven days, which of course is not guaranteed.  The volatile nature of the crypto space means investors and traders must do their own research and always keep an eye on the charts!

In the past year, Solana has earned itself a place in the top 10 cryptocurrencies by market cap. SOL currently has a market cap of $52 billion, and its seventh place position means it is up there competing with the big boys.

Following the impressive feat of  SOL as a tradable digital currency, it is easy to conclude that the coin will have a good and thriving ecosystem creating demand for the native cryptocurrencies. Impressively, there are over 400 projects currently hosted on the Solana network.

Source: (Solanians on Twitter)

With such an array of projects within the Solana ecosystem, it can be difficult to pick from the lot. However, here are the  top 5 cryptocurrencies to watch:

Best Solana Cryptocurrencies to Watch

• Serum (SRM)

Serum is an open source decentralized exchange (DEX) project created by a consortium of partners including FTX, Alameda Research, and the Solana Foundation. Serum and the ecosystem it powers brings unprecedented speed and low transaction costs to decentralized finance (DeFi).

The project promises a range of benefits, including giving users the ability to choose the price, size and direction of their trades. Other projects benefit from Serum’s existing architecture, bootstrapped liquidity, and matching services.

Serum is currently ranked the 88th largest coin by market cap as its total worth is estimated at $1.18 trillion. Buoyed by Solana’s growth, the coin gained more recognition last year and has thrilled traders since then.

The 88th coin by market cap recently hit a new ATH ($13.7) 24 days ago and is enjoying its fourth day of upswing. We may conclude that Serum will retest its all-time high soon as MACD is about to intercept – favoring the bulls.

• Raydium (RAY)

Raydium is barely seven months old since it was introduced to the market in February 2021. AlphaRay put together a team in 2020 birthing the automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).

Raydium was created to convert  funds deposited into it to limit orders which are fed to Serum’s orderbooks. Raydium currently sits at the 109th spot in the market cap ranking with a total valuation of more than $779 million.

The RAY/USD pair is enjoying its third day in the green – earning a spot in the cryptocurrencies to watch. The coin increased by 14.6% in during the last trading session and is on its way to gaining 3% today. The pair is trading above the 50-days moving average and the 200-days as well.

Interestingly, it may be safe to conclude that we may see the uptrend continue as the Moving Average Convergence Divergence is also bullish – hinting at a near buyer-friendly interception. The buyers’ endgame is to see RAY at $16.

Recent price movements suggest that the right-wing traders may have their but still need to take note of the $13 resistance as it is one of the strongest in the bid to set height. It is also important for the bulls to hold $8.5 support as it is critical to the mission.

• Orca (ORCA)

Orca is another automated market maker (AMM) in the Solana ecosystem. ORCA is presumed to have a range of utilities including asset swaps, liquidity and yield accumulation through an easy-to-use interface. Money-Lego, farming, and on-chain data into dApp are some of the utilities the coin offers to other projects.

ORCA strives to provide easy and effective financial tools for everyone by bringing DeFi to the masses. The coin is ranked the 313th largest coin by market cap as its total valuation is worth more than $162 million.

Entering the mainstream last month, the currently ranked 313th coin by market cap is enjoying one of its first bullish runs. With the uptrend still intact, we are yet to see the top of the coin as it is making breaking its all-time high a daily tradition.

Barely 30 minutes to the time of writing, the coin carried out its act as the new ATH is $19.6. Orca is one of the many cryptocurrencies to watch as it may continue its surge as general market sentiment remains favorable.

• Saber (SBR)

Saber is also one of the cryptocurrencies to watch, perhaps because of the project’s relevance to the Solana ecosystem. Saber provides a DeFi cross-chain protocol, allowing the trading of stablecoins and other pegged assets with low slippage. According to Defi Llama, Saber currently boasts over $3 billion in total value locked (TVL), and is the largest of the many DeFi protocols on Solana.

The coin entered the mainstream towards the end of July this year. SBR market cap is estimated at $30 million and is ranked the 2821st coin on the market cap rank.

SBR all-time high is $1.12 but is currently trading 77% lower than the mark. We saw a gradual buildup to the ATH as various bullish ensured it surged. One of the news is Saber raising $7.7 million in a seeding fund round to hire more developers.

With more hands on deck, we may see new innovations that will attract more investors. Taking into consideration the law of demand and supply, Saber will make a return to $1 soon.

• Port Finance (PORT)

Port Finance is a decentralized Money Market protocol on Solana, providing a full suite of money market products starting with variable rate lending. Utilizing Solana’s high throughput and low latency, users will be able to borrow more money.

The coin development on Solana means that the project will be able to take advantage of Serum’s order book to open up exciting new possibilities for the implementation of more complex financial products.

Recent price movements indicate that PORT is going through a cooldown after hitting ATH 21 days ago. The movement also has little resemblance to SRM’s – hinting at a possible breakout at about the same time as the latter.

Final Words

This article mentions the top cryptocurrencies to watch out for in the Solana ecosystem. We looked at five pivot Solana-based coins with SRM taking the lead in terms of market capitalization. As adoption of Solana improves, we’re likely to see more value flow into the ecosystem and the best positioned projects are likely to be the biggest beneficiaries.

Following an impressive monthly opening, sentiments in the crypto market have turned bullish and investors are hunting for the best cryptocurrencies to watch going into October.

It is worth noting that the global cryptocurrency market cap was estimated at $2.08 trillion at the end of August, representing a 10% increase. However, September turned out to be the opposite as the market lost the same percentage of its value by the monthly close.

Even the glamorous Bitcoin Golden Cross was not enough to stop the market from a free fall that saw Bitcoin trade briefly. below $40k. For the rest of the month, BTC was stuck, oscillating between $40,000 and $45,000 during the fourteen days of the month.

With below-par performance seemingly disappearing, the crypto market looks primed to have a stellar October and possibly a great last quarter of the year.

Five (5) Cryptocurrencies to Watch in October

• Bitcoin (BTC)

October is one of Bitcoin’s most positive months. The king coin action during the tenth month of the year suggests that we may see it enjoy more upswing. On average, BTC gains more than 20% during this time. Based on this, it is the largest coin’s third favorite month of the year.

In the more than eleven years since bitcoin’s introduction to the market, an equal amount has passed, with the coin coming out with only four losses – coming out positive at more than seven. The highest crypto’s firstborn gained during the previous Octobers is 55.7% in 2013 and a loss of 31.8% in 2011.

Given that the month has just started, there are no clear patterns as to the gains and losses. Nonetheless, the king coin is off to a good start as it exceeded $48,000 during the last 24 hours. We may see at least a 10% increase this month if the bullish sentiment continues to gain traction.

A 10% increase will guarantee that shuffles between $50,000 and $55,000. In the bearish light, a similar amount of loss may result in the coin struggling to hold the $40,000 support.

• VeChain (VET)

VeChain trading volume increased by more than 100% over the last 24 hours as a new monthly candle starts. Last month, there was a red candle for the coin as it was down by 21%. VET saw a high of $0.15 and a low of $0.08 over the last thirty days.

The VET/USD pair is surging with the entire market as it is currently up by 19% in the last 24 hours. The candle representing the new month is currently green as a result of the current increase in price.

This October, we may see VeChain rise as high as $1.20. To attain the set height, the pair will have to maintain the $0.9 support as it will serve as the base to flip the $1.5 resistance. The coin is looking more bullish as a result of the recent interception of MACD, making it one of top cryptocurrencies to watch over next 30 days.

• Quant (QNT)

Quant is barely five months old and has not found it top. QNT hit a high of $428 and a low of $179. The coin has been searching for the highest price possible since its introduction to the market. This we see evident in the price movement of the coin displayed on the chart.

The “search” is still on as QNT records a new all-time high at the start of the new month. It is only logical to expect that the coin will continue to surge as there are no foreseeable obstacles in its way. The QNT/USD pair may hit $450 over the next 30 days.

• Decentraland (MANA)

Decentraland (MANA) was one of the many coins that ended last month at loss. It ended the month with a 26% deficit as it hit a high of $1.1 and low of $0.59. MANA has displayed a lot of volatility throughout the last thirty days. We will see the same this month.

The next 30 days will see the MANA/USD pair rise as high as $1.2. Supporting this claim is the Moving Average Convergence Divergence (MACD). We are seeing a clear cross between the two lines – signifying an impending uptrend. The coin is sure to pick up momentum afterwards.

• AUDIUS (AUDIO)

We’ve seen AUDIUS show remarkable volatility over the last 30 days. Hitting a high of $3.2 and a low of $1.2, the coin closed last month with losses as high as 14%. On September 16, the Moving Average Convergence Divergence (MACD) converged to herald another bull run. Nonetheless, the coin was still at risk of retracement.

The AUDIUS/USD pair had a bearish cross a few days after the bullish – resulting in last month’s loss. This October, we are about to see another MACD cross on the chart. If this takes place, the pair will pick momentum and surge as high as $3.

Final Words

Talks about the crypto market reaching a new all-time high this quarter are back in the news. However, whether that prediction comes through would depend on how the market performs in the month of October. This article mentions the top cryptocurrencies to watch out for, especially Bitcoin as its performance will once again prove pivotal.