2022-9-30 23:14 |
Like other financial markets, the cryptocurrency market is set to end September in the red. This is due to the lingering geopolitical issues and raging inflation worldwide. However, one thing about cryptocurrencies is that with the right news, they can pump even when every other market is bearish.
For this reason, it makes sense to start scouting for cryptocurrencies with the big news coming up in October. Such cryptocurrencies have the potential to give you significant gains regardless of the prevailing conditions.
To help you make that choice, here are 3 cryptocurrencies with big news coming up in October, holding significant price pump potential.
Chainlink (LINK) eToroeToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
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CoinbaseCoinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.
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Chainlink (LINK) has taken a hit throughout 2022. However, there is reason to be optimistic about Chainlink in October. That is because, after many months of waiting, Chainlink staking could soon become a reality.
Speculation is rife that Chainlink Staking could be announced during the SmartCon 2022 that will run between September 28th and 29th, 2022. If the announcement is made, the excitement it will create could easily trigger a LINK rally in the short term.
That’s because, besides this potential news, LINK is one of the most fundamentally strong cryptocurrencies in the market today. Chainlink is the largest decentralised data oracle in the market and today secures more than $20 billion in the DeFi ecosystem.
Quant (QNT) eToroeToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
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BinanceBinance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
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Quant (QNT) is not only a cryptocurrency to watch in 2022 but also one already showing promise. Just two days towards the end of September, Quant is one of the few cryptocurrencies in the green and is up by over 20%.
Quant’s rally has much to do with expectations of what its founder will talk about at the CordaCon 2022. If he makes optimistic pronouncements and the current rally continues into October, FOMO could kick in and send Quant to new heights within the month.
Besides CordaCon, Quant is one of the strongest cryptocurrencies from a fundamental’s perspective. As such, a price rally could turn investor sentiment positive and take Quant to new heights longer term.
Binance Coin (BNB) eToroeToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
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BitpandaBitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.
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Binance Coin (BNB) has been among the most respected and successful cryptocurrencies for years. While it has dropped for the better part of 2022 due to macro factors, there is reason to be bullish on Binance Coin in October.
That’s because Binance, the world-leading cryptocurrency exchange behind Binance Coin, is currently on a global campaign to encourage crypto tourism. This is a big deal because as they do this, they are also creating more exposure to cryptocurrencies. Since Binance Coin is the native token to the Binance ecosystem, it’s pretty natural that they will promote it more than the other cryptocurrencies.
At the same time, the Binance Coin quarterly coin burn is expected at some point within the month. Since it will take millions of BNB tokens out of circulation, Binance Coin could end up as one of the top-performing cryptocurrencies in October and for many months.
The post 3 Cryptocurrencies with big news that could rally in October appeared first on CoinJournal.
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