Cryptocurrency investors are looking for the best digital currencies that will make rounds this month. Usually, some investors would seek crypto with high gains that come with great risk.
So much for that, there are already more than 10,000 coins that you can choose from. Our list will help you sort out the best choices out of them.
To know the most ideal cryptocurrencies that you should purchase right now, here's a shortlist of them.
Investment-Worthy Cryptocurrencies this October 2021
One of the most popular cryptocurrencies in circulation is Ethereum (ETH). This blue-chip crypto remains in an outstanding state despite the launch of new digital coins in the market, according to US News.
If you are looking for a fast-growing profit, Ethereum's market will give you sizable results for your crypto needs. This 2021 ETH has a nice start, but still, it's quite far from what Bitcoin has achieved so far.
The month of October presented challenging tests for ETH investors, but the difference between the two cryptocurrencies is growing narrower as we near 2022. 18% of the virtual coins came from ETH.
If there is one cryptocurrency that continues to thrive, that's Bitcoin or BTC for sure. The said coin has undergone many developments over the past years that's why traders don't want to exclude it from their choices.
Twelve years later, Bitcoin still showed impressive performance after its market capitalization exceeded $1 trillion.
Tesla, the popular EV maker, has been talking about Bitcoin's inclusion as part of the payment for car purchases. Another involvement of BTC came from El Salvador's plans to declare it as a legal tender in the country.
Bitcoin has been on a tough ride through the years. From becoming bullish to bearish, the cycle goes on with this crypto. BTC's impact on corporate finance is also one of the reasons why you should invest here.
Surprisingly, we include Solana (SOL) in the list of the best cryptocurrencies that you should buy for this month because of one reason. This crypto has showcased a promising improvement for investors.
At the start of 2021, Solana had a market share of 0.01%. Last month, its meteoric rise led to its inclusion in the top 10 cryptos for September 2021.
What's interesting about SOL is how it merges with decentralized applications. For SOL traders, you could see that transactions in this blockchain are much faster. It also comes with lower transaction fees.
Earlier this October, SolMonkey was sold for a whopping price of $2 million. It was the most valuable NFT of its kind at the time of writing.
The list won't be complete without Axie Infinity Shards or AXS. This virtual coin came from the popular NFT game, "Axie Infinity." The popularity of blockchain games has given people a different twist for the game of cryptos.
By merely playing, you can earn in-game tokens that you can exchange for real money. This year, AXS is one of the best cryptocurrencies that you should invest in right now.
Bitcoin and Ethereum might be the most common cryptos that you have explored in the past, but you can try investing in Cardano (ADA), as well. This coin is a candidate for the most recommended crypto for this year.
ADA's value continues to increase, which attracted a lot of investors to enter the blockchain. You can also check our article about the Cardano price prediction.
Motley Fool recently wrote that Livepeer, Helium, Ergo, and Chiliz are the new cryptos that you should watch under your radar this year.
This article is owned by Tech Times
Written by Joseph Henry