Top 5 Altcoins to go crazy in October 2021, according to Altcoin Daily Cryptocoin. com‘s radar. Popular crypto channel Altcoin Daily shares the top 5 altcoins set to experience tremendous growth in October 2021.
Altcoin Daily’s favorite altcoins
At the top of the list is Chainlink (LINK), a popular and solid crypto. According to the crypto channel, this altcoin is preparing for an exit. According to Altcoin Daily:
Chainlink is a pioneer and very good at what it does. No other Oracle crypto like Chainlink makes it as big as Chainlink… LINK seems to be preparing for an exit. So Chainlink, yes, I am bullish as long as we are in a bull cycle.
Polkadot (DOT) is the second cryptocurrency to hit Altcoin Daily’s radar. It is strongly believed that DOT will follow in the footsteps of the paddling altcoin Solana. Altcoin Daily analyst says:
“I’m getting a big Solana vibe from DOT. It’s been rejected a few more times but I think for reasons like the trajectory, the weekly candle close, the relationship to the previous all-time high, and the fact that it’s not really pumping this whole run, I hope it can shine like SOL in the next few weeks. ”
Elrond (EGLD) is next on the list. The trader highlights that Elrond recently printed a golden cross, a bullish signal where the 50-day MA broke above the 200-day MA. He also points out that the last two times during the golden crosses, EGLD reached an all-time high in the next 62 days. Therefore, he believes EGLD will be around $2,000 and $2,500 on October 18.
The last two cryptos are AVAX and MINA
Fourth on the list is Avalance (AVAX) because this coin is gaining in-network popularity and price action and attracting tons of users.
The last one is the Mina Protocol (MINA). Mina is the first cryptocurrency with a lightweight, fixed-size-dollar blockchain that creates a gateway between the real world and crypto. Altcoin Daily says that as of now, MINA holders may have little reason to sell due to the cryptocurrency’s staking mechanics. Says the Daily:
I don’t think there will be many sales anytime soon because the method of staking, the highest rewards for stakers occurred in the first eight months or one year. So there’s really no reason to sell unless it’s always making a profit but I think a lot of people want these betting rewards.