4 Cryptos to Watch in October 2024: BlockDAG, Chainlink, Shiba Inu & Toncoin
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/BlockDAG/ – As the last quarter of the year begins, the market is heating up, with October presenting a unique window for cryptocurrency investment. Interest in digital currencies is increasing this season, fueled by new technologies and growing global acceptance that create exciting financial opportunities.
For those looking to invest in high-potential projects, this article will explore four top cryptos to watch in October 2024: BlockDAG, Chainlink, Shiba Inu, and Toncoin. Let’s explore why these options lead the race, from impressive scalability and speed to innovative use cases.
BlockDAG: DAG-Based Crypto for Speed and Scalability
BlockDAG is quickly becoming one of the top cryptos to watch in October 2024 for its Directed Acyclic Graph (DAG) technology. This new approach offers faster transactions, better scalability, and improved security, making it a great platform for different applications.
The project’s ongoing presale has raised an impressive $79.5 million across 23 batches. Recently, the price of the BDAG coin jumped by 1820%, going from $0.001 to $0.0192 in the current batch. Analysts are predicting that the coin could reach $30 by 2030.
Besides its financial success, BlockDAG has formed partnerships with major soccer clubs like Borussia Dortmund and Inter Milan, which increases its global visibility. Additionally, BlockDAG’s limited-time 50% bonus offer is attracting more traders and helping to build a strong community.
With its technological advantages, smart partnerships, and financial growth, BlockDAG is well-positioned for significant growth in the coming years, making it an important project to watch closely.
Chainlink: Enhancing Blockchain with Oracle Solutions
Second on the list is Chainlink, a growing player to watch in October 2024. Its decentralized Oracle network continues to improve blockchain functions. By connecting smart contracts with external data, Chainlink is used in many areas, including finance.
The LINK token rose 13% in September, showing more demand for services like Cross-Chain Interoperability Protocol (CCIP). As Chainlink adds new applications and partnerships, it’s becoming an important part of the changing blockchain world, making it a crypto to watch closely this month.
Shiba Inu: Memecoin Evolving with Growing Utility
Next is Shiba Inu (SHIB), which operates on the Ethereum blockchain, giving it access to various decentralized applications. SHIB is worth watching this month due to its recent 35% price increase in the past week, reflecting growing interest.
Launched in 2020, SHIB has evolved beyond its meme origins with projects like ShibaSwap, a decentralized exchange, and upcoming NFT platforms and decentralized governance. While weekly trends show bullish momentum, daily indicators suggest a potential bearish turn. Despite this, ongoing development and a large community make SHIB an interesting crypto this month.
Toncoin: Scalable Crypto with Expanding Use Cases
Toncoin is another cryptocurrency to watch in October 2024 due to its strong fundamentals and growing adoption. As the native token of The Open Network (TON), it benefits from a robust proof-of-stake system, ensuring scalability and security. Its use cases go beyond simple payments, offering decentralized storage, DNS services, and anonymous networking.
Price predictions for 2025 suggest it could range from $6.45 to $30.30, highlighting its long-term growth potential. Its active community and support from the TON Foundation further bolster its credibility, making it a promising player in the crypto space this month.
Which Is the Top Crypto to Invest in?
As we wrap up the list of the top 4 cryptos to watch in October 2024, each coin – BlockDAG, Chainlink, Shiba Inu, and Toncoin – offers promising features. Chainlink integrates real-world data with blockchains, Shiba Inu evolves with new utilities, and Toncoin excels in scalability and diverse applications.
However, BlockDAG emerges as the best choice among these options because of its rapid technological advancements, affordable pricing, and strategic partnerships. Its significant growth in its ongoing presale and potential to explode in the future makes BlockDAG a particularly compelling option for those looking to invest in promising digital currencies this season.
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