In this article, we will give you detailed information about the top 3 cryptocurrencies that are expected to perform well in October.
Despite Bitcoin’s (BTC) recent bounces, the cryptocurrency market as a whole is actually moving in decline. According to CoinGecko, its total value is about $2.4 trillion, down 0.4% in the last 24 hours.
Altcoins are largely responsible for the overall decline, with some of the largest falling as much as 10% the other day. However, this decline may lead investors to choose BTC instead of alternatives, while at the same time inviting investors who want to gather from below to the scene. Accordingly, we have prepared for you a list of the 3 best cryptocurrencies that can be bought at cheap prices right now. The 3 best cryptocurrencies to buy at a low price
Shiba Inu current chart1. Shiba Inu (SHIB)
SHIB is the top performing major cryptocurrency for the past day, week, and month. At $0.00003123, it is up just over 14%. It also increased by 135% last week and 364% last month. Surprisingly, it has increased by 30,578,945% in the last 12 months.
Elon Musk is the main reason for SHIB’s continued rise. He provided high momentum to the SHIB market by tweeting a picture of his own Shiba Inu dog. The cryptocurrency’s 30-day moving average (red) surpasses its 200-day average (blue), while the relative strength index flirts with overbought territory. Shiba Coin review
Given its prank cryptocurrency status, it is possible that SHIB’s rally will lose momentum at some point in the not-too-distant future. However, it shows no signs of slowing down yet, but at the moment it is possible that its rally will help permanently raise its status.
pic.twitter.com/xAr8T0Jfdf Floki Frunkpuppy
— Elon Musk (@elonmusk) October 4, 2021
For example, Coinbase listed the money on September 16 following Musk-inspired price hikes. Therefore, this current volatility may enable exchanges to follow the same, which could further increase the price of SHIB.
Avalanche current chart2. AVAX
Unlike SHIB, AVAX is having a bad day. It fell slightly over 9% to $53.36. This represents an 18% decline in the past week and a 20% increase in the last two weeks.
There doesn’t seem to be a particular reason why AVAX is down. It didn’t experience an outage, it didn’t suffer a hard bifurcation, and it didn’t fail to meet deadlines. Indeed, its foundations remain as strong as when it was collected.
Therefore, its drop from its all-time high of $79.31 (set about three weeks ago) presents a great opportunity to buy it at a discount. This is especially evident when the RSI has fallen below 30 and is in the oversold zone. AVAX Coin last minute
Looking at Avalanche’s performance as a blockchain, its total value has risen to $5.35 billion in recent weeks. That figure was just $2 billion at the beginning of September, showing how much the platform’s ecosystem has grown.
In mid-September, Polychain and Three Arrows Capital invested $230 million in the platform. This type of funding will help Avalanche continue to grow and also help AVAX bounce back strongly from its current collapse. It is therefore one of our top 3 cryptocurrencies that can be purchased at cheap prices.
LUNA moves in a similar situation to AVAX. After experiencing a period of strong growth recently, it has experienced decline over the past few weeks. It has fallen by 7.5% in the last 24 hours and 20% compared to last week.
As with AVAX, LUNA’s RSI has steadily fallen into oversold territory. Again, this is due to the fact that nothing has changed with the Terra platform, which remains as healthy as ever. What is the future of LUNA Coin?
In fact, Terra has welcomed a lot of good news in recent weeks. For example, Columbus-5 successfully implemented the main network upgrade at the end of last month. This gives him performance upgrades, an increase in LUNA staking rewards, and also burns all the seniorage that comes from printing Terra hard coins.
This upgrade has contributed to the significant growth Terra has experienced in recent weeks. Most importantly, its social engagement has more than doubled in the past three months. This highlights its rapidly expanding community and shows why this decline is a great opportunity for anyone to tap into their market.