Like other financial markets, the cryptocurrency market will end September in the red. This is due to ongoing geopolitical issues and severe inflation around the world. However, cryptocurrencies, with the right news, can boom even when all other markets are in decline. Therefore, it makes sense to watch altcoin projects that come with big news in October. The analyst shared 6 altcoins traded on the Binance exchange that came with big news in October.
“These 6 altcoins on Binance are coming with big news”
Chainlink was in decline throughout 2022. However, there are some reasons to be optimistic about Chainlink in October. This is because after months of waiting, LINK staking will be released soon. There is talk that Chainlink Staking may be announced at SmartCon 2022, which will take place on 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) is not only a cryptocurrency to watch in 2022. It is also an altcoin project that is already showing promise. Just two days into late September, Quant was one of the few cryptocurrencies in the green. The QNT price surged by over 20% during this time. The rally was driven by expectations of what the Quant founder will talk about at CordaCon 2022. If the founder makes optimistic statements and the current rally continues until October, new highs in QNT are possible.
Binance Coin (BNB)
Binance Coin (BNB) has been among the most respected and successful cryptocurrencies for years. Due to macro factors, it has been in decline for most of 2022. However, a rise in the price of Binance Coin in October is possible. This is because the world-leading cryptocurrency exchange Binance is behind BNB. The exchange is currently running a global campaign to promote crypto tourism. This is very important because in doing so, it will increase the adoption and popularity of BNB. This will support a rally.
Solana (SOL) rose to prominence in 2021 and remains one of Ethereum’s toughest competitors despite the many problems with its network. This is because it is one of the most scalable networks and keeps transaction costs below $0.01. In addition, Solana has started to see increasing adoption, especially in the field of NFTs. It is therefore worth watching the altcoin SOL in October. In fact, Solana is already showing signs of a potential rally and is currently up 4%.
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 little has changed in Ethereum scalability. The altcoin has seen a recent surge in price for this reason. Currently, the altcoin is recording an increase in purchase volumes. If Bitcoin surpasses $20,000 and rises, AVAX is likely to outperform most altcoins in October.
Near Protocol (NEAR)
As we at Cryptoify.news have reported, Near Protocol (NEAR) is another Ethereum competitor to keep an eye on 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 capabilities, NEAR is also likely to get a boost from the news that it has partnered with USDC.