Data science

Top 10 Cryptocurrencies with Best Growth Potential in October 2021

Analytics Insight explores the top 10 cryptocurrencies that can bring profit in October 2021
The scope of cryptocurrencies in a digital wallet is rising tremendously across the global cryptocurrency market. Cryptocurrency prices have started surging up from October 1, 2021, where Bitcoin has reached US$43k after a drop in September. Meanwhile, Ethereum is also up over 1% than the last week, several cryptocurrencies are showing maturity. Here is a list of the top 10 cryptocurrencies with the best growth potential in October 2021 for investors to gain higher returns in the nearby future.

 

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Top 10 cryptocurrencies with best growth potential in October 2021
Cardano
Cardano is expected to show one of the best growth potentials in October after having difficulty in September. The market cap faced a massive drop from US$90 million to US$66 billion. In October, the current cryptocurrency price is US$2.20 from a fall of US$1.19. The 25-day and 50-day moving averages have also made a bearish crossover pattern to bounce back in October. Cardano cryptocurrency will be more matured with a strong capitalization as well as will support smart contracts in the future.

 

Polkadot
Polkadot is one of the top 10 cryptocurrencies in the cryptocurrency market that can help to earn profit in a digital wallet in October 2021. It is expected that the cryptocurrency price will rise in October with a strong market capitalization. The current cryptocurrency price is US$28.64 and has a market cap of US$32 billion while it may hit US$40 this month for investors to get attracted to. It makes DOT stick to the uptrend with some offerings at a good entry-level. It is trying its best to get back above the green ascending trend line in October.

 

Solana
Solana is expected to be a cryptocurrency with the best growth potential in October 2021 with the current cryptocurrency price of US$139.93. The price action of Solana has withstood the sharp correction in cryptocurrencies with a next step to regain R2 monthly resistance within a few weeks in October. Solana has risen to become the sixth-largest cryptocurrency by market capitalization.

 

ShibaInu
ShibaInu has gained success in the cryptocurrency market as a so-called ‘Dogecoin Killer’. ShibaInu can surpass US$0.00001 starting from October while hitting US$0.000016 in December. It is expected that this cryptocurrency will increase the price and become more matured gradually on a regular basis from October.

 

USD Coin
The current price of USD Coin is US$1.00 and it is expected to show growth in October with US$1.28 while showing the maximum price of US$1.60 in the future. It is a stablecoin that is backed by a US dollar with a 1:1 ratio. It is also powered by Ethereum so there is very little volatility in this cryptocurrency for the digital wallet.

 

Ethereum
Ethereum is one of the top 10 cryptocurrencies that has shown tremendous potential in the last five years when the cryptocurrency price hit US$3,000 from a mere US$11 with over 27,000%. Thus, investors can expect Ethereum to show its best growth potential in October to gain higher ROI in the cryptocurrency market. Though it faced some difficulties in September it is trading at US$3,000.26on on the first day of October in a digital wallet. It is trading along with the 50-day and 100-day exponential moving averages with a bearish pennant pattern.

 

Dogecoin
The current price of one of the top cryptocurrencies is US$0.2026 while it is expected to hit US$0.3387 in October 2021. Dogecoin is a profitable cryptocurrency with growth potential for investors. But, the volatility of the price depends on the tweets from Elon Musk— may hit an all-time height or incur a massive drop within a few seconds.

 

XRP
XRP is known for hovering beneath the 1.000 ratios with the sustained short-term ability with a current price of US$0.9531. This level is important for XRP to show growth potential in the coming days of October for investors. It is expected to hit within a range of US$0.630 and US$1.260 within a few days.

 

Tether
Tether is one of the top cryptocurrencies as well as a popular stablecoin in the digital wallets of investors. It is known for providing stability instead of volatility to the cryptocurrency market. The cryptocurrency price is expected to hit US$1.28 in October while the current price on October 1, 2021, is US$1.

 

Binance Coin
Binance Coin is predicted to show growth potential in October 2021 with a maximum cryptocurrency price of US$482 and a minimum of US$324 with respect to the current price of US$385 on the first day of October. There is a huge potential for stability owing to the functionalities of the Ethereum blockchain. Investors have high hopes from this cryptocurrency to gain profit in the digital wallet in the upcoming days.

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