Why Cardano seems to be a good buy in October | My brochure

September 2021 has been a difficult month for many cryptocurrencies, with the regulatory review of DeFi projects and the ban on cryptocurrency transactions in China weighing on prices. Will cryptocurrencies recover? What is the best cryptocurrency to buy in October?

Many people got rich by investing in Bitcoin and Ethereum early on. Although bitcoin is currently around 30% below its peak of $ 65,000, this cryptocurrency still shows returns of almost 60,000,000%; If you had only invested $ 10 in bitcoin when you started, you would have around $ 600 million in your account. today. These exceptional returns have prompted many investors to search for the next cryptocurrency to exploit.

What is the best cryptocurrency to buy in Q4 2021?

Many cryptocurrencies have pulled back from their September highs due to regulatory concerns. However, the cryptocurrency industry remains promising. The rise of DeFi and NFT, El Salvador’s adoption of bitcoin as legal tender, and AMC Theaters’ plans to accept crypto payments before the end of the fourth quarter of 2021 are all positive elements. Some investors are likely to take advantage of the recession and buy, causing cryptocurrencies to rebound.

Bitcoin is one of the cryptocurrencies that AMC Theaters plans to accept. The adoption of Ethereum, Litecoin and Dogecoin by companies as a payment method is also on the rise, making them good candidates.

Is Cardano a good buy in October?

Cardano, a programmable blockchain like Ethereum, Solana, Algorand, and Avalanche, has many potential applications. It recently introduced the functionality of smart contracts and launched a stablecoin, Djed, which will lower transaction fees and make costs more predictable on the platform. These measures promise to make Cardano more attractive to DeFi developers and could drive up the price of its ADA token.

Cardano price prediction (ADA)

At its recent summit, Cardano also unveiled several new strategic partnerships and a climate change program for tree planting. These deals promise to accelerate the adoption of the Cardano blockchain, and as the Cardano network grows, demand for its ADA governance token is also expected to increase.

ADA currently sits just above $ 2.20. Altcoin hit an all-time high of $ 3.10 in early September 2021, and it looks like it could double in value by the end of 2021.

Which crypto is the best short-term buy?

The best cryptocurrencies to buy for short-term investments are memes – their volatility can generate huge returns for investors. The most popular crypto memes are Dogecoin, loved by Elon Musk, Babydoge, Shiba Inu, Floki Inu, and Kushi Inu.

What cryptocurrencies are the best long-term investments?

In addition to Bitcoin and Ethereum, some of the best cryptocurrencies to consider for long-term investments are Cardano, Solana, Ripple, Algorand, Avalanche, and Binance Coin. Chainlink, Polkadot, Kusama, and Stellar Lumens could also reward long-term investors.

Back to top button