Here are the top trending cryptocurrencies that lit the market in the last few days. Find out what makes them a great buy in October.
Top Performing Cryptocurrencies So Far in October 2022
1. Tamadoge (TAMA)
Tamadoge has been defying the general downtrend in the crypto market since its launch on the OKX exchange on 27th September 2022. TAMA hit $0.08756 on 2nd Oct, booking an impressive ~ 9X return for early-stage investors.
Crypto analysts predict that this is only the beginning. Given that the project has yet to cross its key milestones this year, the price will continue to surge in October.
Tamadoge is a new crypto project that takes the meme coin concept a notch up with play-to-earn and metaverse integrations. It is centered around Tamadoge Pets, which you can mint, breed, and battle to earn rewards with real-world value. The Tamadoge ecosystem will transition to Tamaverse in the coming months as the project integrates into external metaverse environments. However, the most exciting aspect of the project is its Augmented Reality application, slated for release in the fourth quarter of 2023.
TAMA will be available for trading on LBank and MEXC from 5th October 2022. What’s more? The project’s limited collection of 100 Ultra Rare Tamadoge NFTs is dropping on 6th October 2022.
2. Decentralized Social (DESO)
The Decentralized Social is a blockchain that has been all the rage in the crypto community for a few days now. Nicknamed the ‘Social Layer of Web3,’ the new layer-1 blockchain is dedicated to decentralizing social media and scaling storage-heavy applications to billions of users. It powers Web 3.0 decentralized social networks.
The project’s goal is to democratize the social media sector, which is currently in the hands of a few private companies. DeSo treats social media content as a public utility and makes it permissionless and available to anyone. Clearly, the idea has resonated with the audience. At the time of writing, DESO ranks #232 on CoinMarketCap, with a live market cap of $14,86,04,847.
The uptrend is expected to pick up over the next few weeks as Decentralized Social unlocks more features.
3. Ethernity (ERN)
Ethernity has been trending on social media for a few weeks now, and for all the right reasons. It can be best described as a DeFi crossover project with authenticated NFTs. Ethernity allows anyone to buy and sell NFTs on-chain. It has secured strategic investments from Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock, and Genesis Block Ventures.
Ethernity currently ranks #329 on CoinMarketCap, with a live market cap of $5,70,13,471. The supply of ERN tokens is capped at 3,00,00,000.
4. XRP (XRP)
XRP is springing back into action, currently ranking #6 on CoinMarketCap with a live market cap of $22,20,34,47,565 USD. Much of the surge in demand for the token in the last few weeks can be attributed to the wider adoption of the XRP Ledger (XRPL) – an open-source, permissionless, and decentralized technology. It comes with cost-efficiency, speed, scalability (1,500 transactions per second), and energy efficiency.
Although the price went down a little, stepping into October, it hints at a small but significant upturn in the coming days.
5. COTI (COTI)
COTI claims to be the first enterprise-grade fintech platform that helps organizations build native payment solutions and digitize any currency. It is designed for merchants, governments, payment DApps, and stablecoin issuers. The project aims to address the challenges associated with traditional finance, including latency, fees, global inclusion, and risks.
COTI currently ranks #161 on CoinMarketCap, with a live market cap of $12,39,22,983. Given that the price is now at $0.1118 against a max. supply of 2,00,00,00,000, the token has impressive growth potential this year.
Wrap-up
Tamadoge is one of the best cryptocurrencies to buy now, factoring in the much-anticipated launches the project has lined up this year. Buy them before the price takes off to grab the highest returns.