Top Digital Assets to Consider in ‘Uptober’
The cryptocurrency world has known all September to have red candles, and 2021 September was not an exception. The overall crypto market cap lost nearly 11.2% from $2. 07 trillion at the start of September to stand at $1.84 trillion.
The flagship digital asset Bitcoin plummeted from the peak at $52,000 to $43,000 on 7 September, losing around $10,000 in one day. Keep in mind that El Salvador legalized BTC on that day. Bitcoin lost 10% in September.
As expected, the alt market dipped massively compared to BTC. Top altcoins such as Solana, Binance Coin, Cardano, and XRP record double-digit losses in September. At the same time, the alt market cap dropped by 12.22% from $1.2 trillion to $1.06 trillion as the month ended.
For now, the market depicts healthy moves after September’s decline. The impressive actions in October had the crypto community calling the month ‘Uptober, ‘ and it seems to accomplish its expectations.
On 1 October, BTC gained around $4,000 from $43,000 to levels past $48,000. With the positive mood in the market, here are the top options to consider in 2021 ‘Uptober. ‘
Bitcoin
Bitcoin lost 10% in September, and it managed to recover all its losses during sessions on 1 October. However, Bitcoin bulls need to overcome multiple obstacles to approach their record highs. For now, a critical challenge exists at $50,000. While writing this content, Bitcoin is around $47,913 after a 0.19% gain in a day.
Cardano trended in September, maintaining its 3rd rank in the market by capitalization. However, the month lost 26% from $2.88 to hit $2.11 as the month ended. Meanwhile, the ‘smart’ contracts launch had the token hovering above $3 during August sessions before downbeat emerged. Cardano 2021 summit saw the project announcing many partnerships. The lucrative moves had analysts predicting a move towards $5 before next year. While publishing this content, ADA has its value at $2.19.
AXS
Axie Infinity has performed well in the gaming industry, contributing to interest and massive growth in the NFT marketplace. Though the crypto hit lows of $48 in September, it managed to end the month with a 0.6% surge to 74.51. Recently, Axie Infinity announced a staking program that had it touching an ATH yesterday at $119. 92. While writing these lines, AXS trades at $149.1 after gaining 36.8%.
Feel free to add your favorite coin this month in the section below.
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