Like other financial markets, the cryptocurrency market will end September in the red. This is due to ongoing geopolitical problems and severe worldwide inflation. However, with the right news, cryptocurrencies can explode even when all other markets are bearish. Therefore, it makes sense to watch altcoin projects that came with big news in October. The analyst shared 6 altcoins traded on the Binance exchange, which came with big news in October.
“These 6 altcoins on Binance come with big news”
Chainlink (LINK)
Chainlink was in decline throughout 2022. However, there are some reasons to be optimistic about Chainlink in October. This is because LINK staking will be released soon after months of waiting. It is said that Chainlink Staking may be announced at SmartCon 2022, which will take place between September 28-29, 2022. If the announcement is made, the excitement it will create will easily trigger a LINK rally in the short term.
Quant (QNT)
Quant (QNT) isn’t just a cryptocurrency to watch in 2022. It is also already a promising altcoin project. Just two days into late September, Quant was one of the few cryptocurrencies in the green. The QNT price increased by over 20% during this time. The rally came about because of expectations about what the Quant founder will be talking about at CordaCon 2022. New highs are possible in QNT if the founder makes optimistic statements and the current rally continues until October.
Binance Coin (BNB)
Binance Coin (BNB) has been among the most respected and successful cryptocurrencies for years. It fell for most of 2022 due to macro factors. However, a rise in Binance Coin price is possible in October. This is because Binance, the world-leading cryptocurrency exchange, is behind BNB. The exchange is currently running a global campaign to promote crypto tourism. This is very important because at the same time it will increase the adoption and popularity of BNB. This will also support a rally.
Left (LEFT)
Solana (SOL) rose to prominence in 2021 and remains one of Ethereum’s toughest competitors, despite many issues with its network. This is because it is one of the most scalable networks, keeping transaction costs under $0.01. Additionally, Solana is beginning to see increasing adoption, particularly in the area of NFTs. Therefore, it is useful to watch altcoin SOL in October. In fact, Solana is already showing signs of a potential rally and is currently up 4%.
Avalanche (AVAX)
Avalanche (AVAX) has been having a slow month since Ethereum Merge hit the scene. However, AVAX remains one of the most scalable and stable Ethereum competitors, as there has been little change in Ethereum scalability. The altcoin has seen an increase in price for this reason in the last period. Currently, the altcoin is recording a surge in purchase volumes. If Bitcoin crosses $20,000 and rises, AVAX looks set to outperform most altcoins in October.
Near Protocol (NEAR)
cryptocoin.com As we reported, Near Protocol (NEAR) is another Ethereum competitor to consider in October 2022. Its scalability and security have made it one of the most attractive altcoin projects, especially in the first growing Web 3.0 space. Besides its talents, NEAR seems to be getting support from its news that it has partnered with USDC.
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