While some models and predictions have Bitcoin leaving altcoins in the dust in the near future, there are some altcoins, according to The Motley Fool, that may have an interesting October. Here they are:
China’s crypto ban and regulatory news was barely a bump in the road, showing once again the increased resiliency of crypto. More mainstream adoptions may be why. The “Fool” points out that “AMC Theatres said it will accept crypto payments before the end of the year, and most recently, Verifone -- one of the largest providers of merchant payment terminals globally -- announced a deal with BitPay to offer crypto payment processing.”
We will learn more about regulations and their impact on the world of de-fi. Meanwhile, The Motley Fool says there are 4 well-established coins to watch closely for the next 30 days. You know them all. These are solid coins with history and room to grow:
- Chainlink (LINK)
This is one that I have invested in this past year. I got out this summer, but perhaps it is time to get back in. What is LINK’s function? “Chainlink translates real-world data into something smart contracts can understand and act on.”
While LINK has doubled this year, other coins have done much better. Yet, this one has increased partnerships, including a recent announcement to work with Cardano. These partnerships all but guarantee a strong future with room for growth.
- Filecoin (FIL)
This one meets a need in the real world as a de-fi data storage service. With FIL, you can rent storage space on other computers. Your data is broken down and encrypted for security. This network aims to be “faster, cheaper, and more secure than traditional data storage systems.” Practical application is always a plus in my book.
- Harmony (ONE)
Harmony has grown leaps and bounds this year (over 3,500% since Jan. 1). Harmony is similar to Ethereum in function, but like Cardano, is “more scalable than Ethereum, and processes transactions faster and cheaper.”
Their leadership team is aggressively looking for ways to grow and expand. This one is certainly worth keeping an eye on.
- Decentraland (MANA)
Decentraland isn’t the only virtual world out there, but it may be the most successful so far. In this world, users can buy, sell, and develop land, but with more bells and whistles than other virtual worlds, like Upland. One property sold for $900,000 this earlier this summer. I remember looking into this one based on the recommendations of several Publish0x writers. I never bought into this project. Is it too late?
One cannot know the future with certainty and it is always fun to speculate. Yet, with the history of these four altcoins, the risk should be lower than with smaller projects, even while there is still room for growth. I, for one, will be watching these four closely and perhaps look for an opportunity to buy in the near future.