Low-cost cryptocurrencies that rally soon

The cryptocurrency market seems to have found its footing again, a signal of a potentially bullish October. One of the biggest pointers that a bull wave could be underway is the rising Bitcoin buying volumes. 

At the same time, institutional buyers are getting back into the market. Among those looking to make a big entry at current prices is Ark Invest, one of the most pro-crypto funds around. With this potential for gains, it makes sense to start looking into low-cost altcoins that could outperform the market if FOMO kicks in. Some of the ones with the most potential are as below.

XRP (XRP)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

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XRP (XRP) has started the new month with good news, and it won’t be long before investors take note of it. The big news around XRP is the growing investor expectation that Ripple will win the case against the SEC. This excitement comes from an order by judge Torres that the SEC should the documents that were written by William Hinman, who was previously in charge of the corporation finance division.

The big deal about these documents is speculation by Ripple that Hinman may have written that Ethereum not being a security.  Ripple lawyers could use his writings to add weight to their claim that XRP is not a Ripple security. There is speculation that if Ripple wins on this front, XRP could end the year higher by 50 – 100%. If buying volumes keep rising as they are doing at the moment, XRP is without a doubt one of the top cryptocurrencies to watch in the coming weeks.

Cardano (ADA)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

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Cardano (ADA) is one of the cryptocurrencies that have big news coming up that could help propel it higher in the short term. The big news is an announcement by Charles Hoskinson that the Age of Voltaire is pretty close. The expectation is that this move will open up the ability for builders to create on Cardano, and will make Cardano a leader in the latest tech developments in blockchain, just as they did with their innovation in staking.

This is a big deal, and if the broader market picks momentum, it could see Cardano (ADA) emerge as one of the best-performing cryptocurrencies in the coming weeks. The odds are clearly in its favor.

Shiba Inu (SHIB)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy SHIB with Capital.com today

Shiba Inu (SHIB) is one of those meme coins that tend to do well in bull markets. As such, if there is an upsurge in cryptocurrency prices in the short term, then Shiba Inu could be among the ones to watch. One of the key factors that could trigger speculation around Shiba Inu is whale activity. 

At the start of the month, a Shiba Inu whale moved millions of dollars worth of Shiba Inu to an exchange. This has triggered speculation that they could be planning to do a leveraged SHIB trade. This coupled with the ongoing Shiba Inu token burn is likely to keep drawing investors especially if the market keeps gaining traction especially now that marketwide volumes are on the rise.

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3 Cryptocurrencies to watch as market sentiment turns bullish

Like the rest of the financial markets, the cryptocurrency market started October in the red. However, many voices out there are of the view that the worst is over and that the markets could rebound. 

One of the more notable ones is Chamath Palihapitiya, the billionaire behind Social Capital. Palihapitiya, who was among the people that correctly predicted the current market correction, noted that this is the time to start getting ready to jump back into financial assets, including crypto. If his prediction and many others are to go by, then Bitcoin is trading at the bottom or very close to the bottom. 

With this in mind, it could also be an excellent time to start scouting for high-potential altcoins that could lead the way in a short-term bullish reversal. Among those that hold such potential are as below:

Ethereum (ETH)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy ETH with Skilling today

Ethereum (ETH) price has been sluggish since the merge, but that is no reason to write off Ethereum. It stands out among the top cryptocurrencies that could lead the way if there is a short-term bullish reversal. One thing that makes Ethereum stand out is that even after the disappointing price action post-merge, staking and burning is on a growth trajectory. 

Currently, Ethereum has 439,425 network validators, and over 14 million Ethereum is staked. With the Ethereum staking reward at 4%, more investors are likely to stake Ethereum since it is a much higher rate of reward than anything that most fixed assets can give at the moment. This also puts Ethereum in a good position amongst cryptocurrencies that could lead the charge, if there is a bullish reversal in the short term. 

Binance Coin (BNB)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy BNB with eToro today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy BNB with Capital.com today

Binance Coin (BNB) is another top cryptocurrency that has a high potential to lead the rally, if there is a bullish reversal in the short term. One thing that mainly gives Binance Coin an edge is the upcoming Binance token burn. This is expected to take place in the middle of October, and if there is a broader market reversal, it could give Binance Coin a bigger push relative to other cryptocurrencies. Besides the fact that Binance Coin has a coin burn coming up, its current price action points to a potential spike. Binance Coin is holding firmly above $280, and BNB could emerge as a top performer if there is a marketwide pump. 

MakerDAO (Maker)

MakerDAO (Maker) is another of the big cryptocurrencies to keep an eye on in the short term if there is a marketwide pump. That’s because it was recently announced that MakerDAO was looking to lower the stability fee, with the aim being to increase demand for its DAI stablecoin. The high costs have led to a decline in the adoption of MakerDAO. The expectations around the impact of this proposal could lead to an increase in the price of MAKER, especially if there is a pump across the crypto market.

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Paradigm leads $14M seed round for DeFi platform Exponential

  • Exponential is looking to change investing in the decentralised finance (DeFi) ecosystem with the “right products” for customers.

Exponential, an investment platform that seeks to simplify investing in decentralised finance (DeFi), has announced it raised $14 million during its seed funding round from investors.

Paradigm, a crypto-focused venture capital firm that has invested in numerous digital assets and Web3 startups, led the financing round, according to co-founders Driss Benamour (CEO), Mehdi Lebbar (President) and Greg Jizmagian (CTO).

Other investors that participated in the funding round included FTX Ventures, Haun Ventures, Solana Ventures, Polygon, Circle Ventures, and Global Founders Capital among others.

The round also attracted over 80 angel investors, including Henrique Dubugras (founder of US-based fintech firm Brex), Zach Perret (CEO of Plaid/Mischief) and entrepreneur and investor Anthony Pompliano.

Exponential’s DeFi goal

Exponential‘s goal for the DeFi community is clear: offer an investment platform that makes it easy for investors to discover new yield opportunities and easily invest in transparent projects.

This is just the beginning. Exponential has a vision of unlocking financial freedom for everyone by bridging the gap between web2 and web3, and the minds to build it.” Benamour, Lebbar and Jizmagian noted in a blog post.

To help bring this to fruition, the platform has assembled a top notch team comprising talent from Uber and Amazon. In all, the team counts some of the best employees across engineering, cryptocurrency, fintech, and consumer products within its ranks.

According to the Exponential co-founders, investing in DeFi shouldn’t be as daunting as it often proves. It shouldn’t also be too risky for investors as has been seen over the past two years, with hackers stealing billions worth of dollars of crypto assets from DeFi protocols.

With the right products, DeFi will become more approachable, opening the door to a new wave of investors,” Benamour, Lebbar and Jizmagian wrote.

Rate My Wallet, an institutional-grade risk assessment system the platform has developed helps analyse a user’s investments, mapping potential across the protocol, assets and chain underpinning the ecosystem.

The platform is also set to make it possible for customers to have direct access to DeFi liquidity pools via its custodial platform, adding to ease of use and also security.

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