As it has been for years, it is preparing a red monthly candle for the cryptocurrency market this September. The biggest cryptocurrencies Bitcoin and Ethereum have now lost over 5% since the start of the month. However, investors’ eyes are now on the opportunities that will emerge in October. Analyst Will Izuchukwu answers this question with 10 altcoin projects.
Here are the 10 best altcoin projects to watch in October
KardiaChain is the platform that enables Blockchains to join the network without any technical adjustments. It has smart contracts to make it easier for developers to connect with other networks. The platform uses KAI tokens, which are used for smart contract distribution, process prices, staking, and service participation.
Syntropy aims to solve the problems such as security, privacy, governance, performance, reliability and inefficient resource usage. Blockchain technology is rapidly becoming centralized. But this decentralization still needs the public Internet to connect and communicate. Unfortunately, the current Internet is centralized and hinders true technological democratization.
Syntropy essentially decentralizes the Internet while maintaining backward compatibility with existing protocols. As a result, users can access the internet faster and more confidently. This opens the door to complete decentralization.
Locus Chain (LOCUS)
Locus Chain promises to be the most recognizable next-generation first-layer Blockchain protocol. However, Defi aims to support the GameFi, Metaverse, Smart City and CBDC projects. Locus Chain is a decentralized layer 1 Blockchain based on proprietary technologies. The altcoin project claims to have solved the trilogy of decentralization, scalability and security.
ARPA Chain (ARPA)
ARPA is a layer 2 solution based on Blockchain and using Multilateral Computing (“MPC”). With ARPA’s MPC protocol, multiple entities analyze data together. In addition, it can create data synergies while maintaining the confidentiality and security of each party’s data entry. Developers that support ARPA can create dApps that maintain user privacy. Defense against credit fraud, trustworthy data wallets, purposeful marketing, collaborative AI model training, and key management systems are a few use cases.
For example, banks using the ARPA network for risk management purposes can exchange credit blacklists among themselves without jeopardizing their customers’ privacy or personal information.
A high-performance programmable network architecture is offered for DeFi and Web 3.0 via the open protocol Marlin. Offering a virtual router interface for developers to apply customized overlays and perform edge calculations, MarlinVM is run by node operators called Metanodes on the Marlin network.
Marlin aims to deliver on the promise of a decentralized web where users accustomed to Web 2.0 applications cannot distinguish them in terms of performance. The Ethereum node network on which Marlin smart contracts are built ensures the validity of their execution.
BTSE is the first token on Liquid, a settlement network for traders and exchanges based on the Bitcoin side chain. It includes Closed Processes and Closed Entities to maximize anonymity. The numerous fiat on/off launchers offered by BTSE provide a one-stop shop for deposits, withdrawals, trading and currency conversions.
The BTSE earning option allows users to choose from a variety of flexible and fixed-term options, earn in the middle of the highest interest rates in the business, or lend unused assets to BTSE’s capital pool. The aim is to integrate digital assets with the infrastructure of the existing financial system while using the decentralized nature of cryptocurrencies to increase accessibility and convenience.
GateChain is a public blockchain mainly designed for asset security. It provides a complete Defi ecosystem that allows users to quickly discover Defi. It has a large ecosystem of projects including GateChain, Defi, infrastructure, NFT marketplace, and all kinds of decentralized protocols.
- TripleFi – An accessible permanent DEX that supports BTC, ETH and other currencies. Trading is backed by up to 25x leverage.
- Emiswap – ESW and NFT Magic Cards powered AMM to increase users’ performance on the platform
- DRx – is the first interoperability LaunchPad and decentralized cross chain swap protocol powered by GateChain. DRx’s ambition is to create a welcoming, fun and user-centric DEX and DeFi ecosystem that anyone can use.
- Vefi NFTs marketplace – A multi-chain NFT marketplace where you can bridge NFTs across different Blockchains.
- Flat Pyramid – 3D Models NFT marketplace
UNUS SED LEO (LEO)
The Bitfinex ecosystem uses the UNUS SED LEO token. UNUS SED LEO is useful for those who want to make the most of the platform’s features and outputs. Holders of UNUS SED LEO(3), Bitfinex’s token, particularly enjoy a number of benefits, including lower costs. Bitfinex aims to provide the most adequate Bitcoin process experience for its customers. To provide its users with cutting-edge trading tools, technology and unmatched customer service. The exchange provides contemporary digital asset trading services to clients and international liquidity providers.
Huobi Token (HT)
Huobi Globa’s native token is Huobi Token (HT). HT is an Ethereum-based ERC-20 compliant cryptocurrency. The main purpose of the token is to lower the currency exchange boards, which are mostly paid from users’ wallets. Users can purchase monthly VIP status plans on HT to reduce process costs. Token holders can vote on exchange decisions. They are also eligible to earn cryptocurrency rewards for periodic buybacks.
KuCoin Token (KCS)
KuCoin, or KCS, is a profit-sharing token that allows investors to capitalize on the stock market. The KCS token supply is fixed at 200 million. A planned buyback and incineration will continue until only 100 million KCS remains. KCS is used on the KuCoin platform to pay process prices. Thus, it saves users up to 80%. Koindeks.comAs you follow, KCS is currently trading at $8.9.