Best Cryptocurrencies To Buy This Month: Top 15 Best Cryptocurrencies To Buy In October 2020
Best Cryptocurrencies To Buy This Month
Find the top 15 best cryptocurrencies to buy in October 2020 right here!
What is the best cryptocurrency to buy this month you’re wondering? Looking for the best top 15 Best Cryptocurrencies To Buy In October 2020? We’ve got you covered!
As you know well by now, the young cryptocurrency market changes pretty quickly. If you don’t pay attention, weeks or even days later, the value of a cryptocurrency could dramatically change.
A cryptocurrency that could be doing amazingly in one month could plummet in value the next, and the opposite is also possible.
That’s why you always need to be on the lookout for the next up-and-coming crypto at all times. In this article, we’ll take a look at the top 15 best cryptocurrencies to buy in October 2020.
Which Cryptocurrency to buy this month?
Are you planning to buy cryptocurrencies this month? With more than 500 cryptocurrencies already in the market, choosing the best cryptocurrencies to buy in is not an easy thing to do. Fear not, we at Trading Education put a list of the best cryptocurrencies to buy this month.
Every month we’ll give you an update on the best cryptocurrencies to buy. So, make sure you bookmark this page! You’ll always find the top cryptocurrencies to buy right here!
Want to learn how to trade cryptocurrencies like a pro? Take our cryptocurrency course!
The Top 15 Best Cryptocurrencies To Buy In October 2020
Remember! Though these might be the top 15 cryptocurrencies to consider buying for October 2020, cryptocurrencies are still highly volatile assets and are not suitable for all investors!
Make sure you understand the risks involved!
Top 15 Best Cryptocurrencies To Buy In October 2020
Ethereum steals experts’ top spot for the best cryptocurrency this month! Ethereum has seen some of the strongest gains, and it’s highly likely that Ethereum hasn’t reached its full potential yet.
Ethereum is still the king of smart contracts, decentralised applications and ERC-20 tokens, which many other popular cryptocurrencies are made of (they are hosted on the Ethereum blockchain). This makes Ethereum the best cryptocurrency to buy by far.
The Economy Forecast Agency predicts that in October 2020, Ethereum could reach a low of $537 and a high of $738. Interesting to note, even the lowest of the two possibilities is an increase from Ethereum’s current price.
If you feel that Ethereum is still the king of smart contract and decentralised applications, then Ethereum could be the best cryptocurrency to buy in October 2020.
Read our article on Ethereum here.
Have You Considered Buying Ethereum?
2. Bitcoin - BTC
You’re probably asking yourself: ‘What? Why isn’t Bitcoin in the number 1 spot?! Everyone buys Bitcoin! Everyone knows Bitcoin is the top cryptocurrency to buy!’
Well, the fact of the matter is, just because a cryptocurrency is the highest valued and most well-known, doesn’t mean that it will give you the most profit.
What you really want to look for are cryptocurrencies that provide the most opportunities, that have enough volatility without being too risky.
Bitcoin, unfortunately, has become very stagnant, stuck around $10,000 per coin for the last few years and its high price has made it less appealing to crypto traders.
That said, Bitcoin still receives plenty of insane price predictions. In February 2020, Anthony Pompliano, the founder and partner at Morgan Creek Digital, predicted that by December 2021, Bitcoin will be worth $100,000!
Clearly, looking at the price now, that seems incredibly unlikely. Gov Capital has made a more realistic prediction, believing that the ‘best possible price’ of Bitcoin by the end of October is $14,200.
If you still feel that Bitcoin is the one and only true cryptocurrency to trade, then Bitcoin is the best cryptocurrency to buy in October 2020.
Read our article on Bitcoin here.
Have You Considered Buying Bitcoin?
3. Ripple - XRP
Sometimes it feels like Ripple is simply buying its time until all the other cryptos are extinct, and it really could wait with its powerful financial backers in their corner.
If you don’t know by now, Ripple is a lot more than just a cryptocurrency, it is an exchange that enables you to transfer all kinds of funds faster and across borders much faster than traditional banks and institutions.
What makes it so unique is that you could send a payment in, for example, British pounds to someone, which Ripple would convert into XRP, and when it reaches the recipient it could be in their currency, let’s say the euro.
Crypterium predicts that if Ripple continues to forge partnerships with big banks and financial institutions, it could reach $1.40 to $1.50 by the end of 2020.
If you feel that the only way cryptocurrency can succeed is with the backing of the banks, then Ripple will likely be the best cryptocurrency to buy in October 2020.
Read our article on Ripple here.
Have You Considered Buying Ripple?
4. Chainlink - LINK
Chainlink has climbed up to the fifth spot on CoinMarketCap in recent months. Though quite fond of Chainlink, at Trading Education, even we didn’t expect it to reach this high point.
It just goes to show that strong ideas with practical uses can go a long way in adding value to a cryptocurrency.
The idea of Chainlink is to be able to feed smart contracts with information from outside the blockchain, a capability that is more difficult to achieve than you would expect.
According to Digitalcoin, in 2020, Chainlink could reach a high of $25.44 and $36.31 during 2021.
If you think that enabling smart contracts to operate in the real world is what cryptocurrencies should be doing right now, then Chainlink might be the best cryptocurrency to buy in October 2020.
Read our article on Chainlink here.
Have You Considered Buying Chainlink?
5. Tether - USDT
In the last couple of years, Tether has become a household name in the crypto community and is one of the top cryptocurrencies to buy.
The important thing to note about it is that cryptocurrency traders don’t really buy it to trade it, they buy it to store value. That’s why its market cap is so high. In reality, it’s more a tool than something to trade.
However, anyone interested in Tether should make sure they understand the crypto’s shady short history. Basically, there was a period where the crypto wasn’t completely backed by the US dollar, and even today it still veers a little off course.
You should always bear in mind that this could happen again…
Tether’s price has mostly remained at around $1 per coin in 2020. Crypto traders interested in tether should have a good knowledge of what affected the US dollar.
If you’re looking for a cryptocurrency that is tied to the US dollar that can be used to store value, then Tether could be the best cryptocurrency to buy in October 2020.
Read our article on Tether here.
Have You Considered Buying Tether?
6. Binance Coin - BNB
Binance Coin is a very handy crypto to get hold of. There really isn’t anything technically interesting about this coin, instead, like Tether, it is a utility coin. Its purpose is to give you a discount if you use the coin on the Binance Exchange.
As long as Binance Coin remains actively used on the Binance Exchange, it will always have a good volume.
According to predictions by Digitalcoin, by October 2020, Binance Coin could reach $53.34, which is more than double the current price at the time of writing.
However, if the Binance Exchange continues to decrease the value of the discount they give users, it may soon become less popular, so if you plan on buying this crypto, keep an eye on that!
If you’re looking for a cryptocurrency that will make it cheaper to use the Binance Exchange, then Binance Coin is the best cryptocurrency to buy in October 2020.
Read our article on Binance Coin here.
Have You Considered Buying Binance?
7. Litecoin - LTC
Once upon a time, Litecoin was big news and was one of the top cryptocurrencies to buy, but as more cryptos burst onto the scene, it slowly started to fade into the background. but that doesn’t mean that it is no longer worth buying!
There are still plenty of opportunities to profit from Litecoin. It is still a household name and one of the leading cryptocurrencies to buy today.
According to Connor Freitas of Currency.com, like many other cryptocurrencies, Litecoin lost a lot of value around March 2020, but since then, has increased 57.2%.
If you’re still a fan of the old school, first on the block altcoins, then Litecoin could be the best cryptocurrency to buy in October 2020.
Read our article on Litecoin here.
Have You Considered Buying Litecoin?
8. Crypto.com Coin - CRO
Crypto.com Coin has for a long time been a bit of an outlier, never really getting the spotlight, but never too distant away not to be seen. It’s like a name you’ve heard before but can’t place.
But that’s been changing in 2020, particularly since around May. Now Crypto.com Coin is doing particularly well and seems to be showing a lot of strength in its growth.
Though do bear in mind, the volume seems to have peaked, and it might not get a lot higher. Still, Crypto.com Coin should definitely be on your radar.
According to Cryptocurrency Price Prediction, Crypto.com Coin will likely be worth around $0.18 per coin by October 2020, a slight increase.
If you’re looking for a fresh, up-and-coming cryptocurrency, Crypto.com Coin could be the best cryptocurrency to buy in October 2020.
9. Bitcoin Cash - BCH
Bitcoin Cash has fallen from grace a little in the last year or so, but it is still a behemoth of a cryptocurrency, so don’t forget about it!
It is perhaps the best alternative for those not sure of Bitcoin; people who would prefer to go back to how Bitcoin used to be, but are not as extreme as Bitcoin SV supporters (there’s a lot of animosity between them too!).
According to The Economy Forecast Agency, Bitcoin Cash could be worth as much as $308 per coin in October 2020.
If you’re looking for a proper alternative to bitcoin, Bitcoin Cash might be the best cryptocurrency to buy this month.
Read our article on Bitcoin Cash here.
Have You Considered Buying Bitcoin Cash?
10. Bitcoin SV - BSV
Bitcoin SV sparked a lot of controversy when it first came round, splitting from Bitcoin Cash not long ago.
But it’s not just another Bitcoin clone. It does, in fact, signify something quite important - attempting to keep to Satoshi Nakamoto’s original vision.
Most Bitcoin SV supporters are hardcore followers of Nakamoto’s ideas, but it is difficult to say whether this is a good or a bad thing.
According to Daniel Cawrey and Omkar Godbole of Coindesk, Bitcoin SV has risen by 96% in value so far in 2020, which they claim is higher than Bitcoin and Bitcoin Cash!
If you really believe that Nakamoto’s original ideas for bitcoin should be followed, Bitcoin SV could be one of the top cryptocurrency to buy in October 2020.
Read our article on Bitcoin SV here.
11. Cardano - ADA
Cardano stands out for its ouroboros blockchain. In short, Cardano technically has two blockchains, one to handle basic transactions and another to handle smart contracts.
What this ingenious idea does is prevent overburdening Cardano with too many transactions, which theoretically should make it faster and prevent scalability issues.
According to Capital.com, after a sluggish low period in March, Cardano has risen by as much as 329%. Overall, for 2020 so far, Cardano has risen in price by 200%!
If you think Cardano is the best crypto to fix cryptocurrency’s problems with speed and scalability, then it could be one of the top cryptocurrency to buy.
Read our article on Cardano here.
Have You Considered Buying Cardano?
12. Tezos - XTZ
Tezos is masterminded by some of the smartest people in cryptocurrency today and holds a lot of promise.
Those that know about Tezos know that it had the largest ICO ever. But that’s not it’s only selling point, Tezos is designed to be extremely flexible in how it is developed.
Tezos focuses on ‘governance’. Basically, what that means is they believe that by having a strong decentralised decision-making process, they can emerge stronger than all other cryptocurrencies.
According to Nicholas Otieno of Blockchain News, Tezos has increased in price in 2020 by as much as 85% since January and looks like it might continue that trend.
If you believe that a cryptocurrency that focuses on decentralised decision making is the way to go, Tezos might be one of the top cryptocurrencies to buy in October 2020.
Read our article on Tezos here.
Have You Considered Buying Tezos?
13. EOS - EOS
The ‘Ethereum Killer’ isn’t going anywhere! 2020 has been a really good year for EOS and October 2020 continues that positive trend.
EOS is a real contender to knock Ethereum off the throne as king of smart contracts and decentralised apps.
It claims to pretty much accomplish the same things, but in a better, more efficient and more user-friendly way.
PrimeXBT has predicted that by as early as 2021, EOS could reach $100, a very dramatic increase in value.
If you’re looking for an alternative to Ethereum, EOS could be one of the best cryptocurrencies to consider buying in October 2020.
Read our article on EOS here.
Have You Considered Buying EOS?
14. Tron - TRX
Tron has seen some absolutely insane days back when it began, but it became quickly grounded in reality.
For quite a while, since September 2019, Tron has been quite stagnant, however, in recent months leading up to October 2020, some volatility has returned.
However, CoinSwitch does not predict too much movement for the rest of 2020, but does suggest that by 2023, Tron could be worth as much as $0.54 per coin!
So, with that in mind, Tron could be a great long-term investment, if traders are willing to wait a few years. It could be the best cryptocurrency to buy in October 2020 if it picks up in future months and years.
Read our article on Tron here.
Have You Considered Buying Tron?
15. Monero - XMR
A list of best cryptocurrencies to buy in October 2020 wouldn’t be complete without at least one privacy coin and many experts think Monero is likely the best right now. If privacy is what interests you, you should look more into what Monero has to offer.
The primary focus points of Monero are ‘untraceability and unlinkability’. They believe that transaction information should be more private and are against the idea that all transactions should be visible on a blockchain.
The Economy Forecast Agency predicts that by December 2020, Monero could reach a low of $131.30 and a high of $163.
If you feel that privacy and security should be the primary factors of a cryptocurrency, then Monero could be your best cryptocurrency to buy in October 2020.
Read our article on Monero here.
Other Cryptos on our radar for October 2020
At Trading Education we love to look out for up-and-coming cryptocurrencies that most people probably haven’t spotted yet.
For October 2020, we’ve spotted two very interesting cryptocurrencies you should look out for yearn.finance and uma, both of which are largely unheard of.
Both cryptos have done fantastically well in the last few months and increased their market cap quite significantly.
However, we usually advise keeping away from unheard of cryptos until they show some promise to avoid scams or unfortunate situations.
But you should definitely keep watch on these two as they establish themselves. They might even be the best cryptocurrencies to buy in our next list in the months to come!
Or, if these two fail to succeed, we’ll find out why and learn to avoid similar cryptos.
If you remember anything from the top Cryptocurrencies to consider this month, make it these key points.
- Ethereum is perhaps one of the best cryptocurrencies right now. Experts have suggested that it may reach highs of $738.
- Crypto.com Coin is one of the biggest earners of 2020. Crypto.com Coin made huge gains this year and is now one of the top 10 on CoinMarketCap by market capitalisation.
- Bitcoin, Ripple and Ethereum take the top three spots. It’s going to take a lot to unseat the top three giants!
- Keep a look out for yearn.finance and uma are key cryptocurrencies to watch. Who knows, in a few months or years, they might be big news.
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