Here is the list of the top 10 cryptocurrencies to buy and hold in October 2021

Cryptocurrencies are making headlines all over the world. At present time, there are thousands of cryptocurrencies in circulation today. But past few months have been a nightmare for the market due to many reasons, but right now, the Crypto market is in the recovery phase as the bulls are trying to seize the market.

Bitcoin is the king of cryptos, but coins like Ethereum, Cardano, Dogecoin, and Shiba Inu are also popular. Now, things can be confusing and overwhelming for first-time users to know exactly which cryptocurrencies are ideal for investment.

To make investment planning easy for you, here is the list of the top 10 cryptocurrencies to buy and hold in October.

Bitcoin

Current price: $47,807.38

Market Capital: $900,803,465,805

The past few weeks have not been good for the table's topper, but Bitcoin always has investors' trust. As with most cryptocurrencies, Bitcoin runs on a blockchain that is a network of millions of PCs, which verifies transactions in real-time without any middleman. Bitcoin is secure and safe from any hacking attempts with the help of concepts like proof of work built-in.

Ethereum

Current price: $3,370.82

Market Capital: $396,249,588,762

Ethereum is a blockchain network with Ether or ETH as its native token, and it is commonly referred to as a cryptocurrency too. If you have heard of NFTs being sold digitally, they have mostly been processed using the Ethereum blockchain. It is one of the more solid platforms that is constantly trying to upgrade and stay on top of trends – its latest initiative aims to reduce dependence on fossil fuels by a significant amount.

Binance Coin

Current Price: US$419.40

Market Capital: US$70,343,197,782

Binance Coin is the third-most-popular cryptocurrency available today. One can use Binance Coin for trading, payment processing, or even booking travel arrangements and can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

Cardano

Current Price: US$2.20

Market Capital: US$70,142,703,793

After losing its position to Binance Coin in September, Cardano is gaining its lost momentum back in October. Cardano relies on the newer proof-of-stake method to validate transactions that use less energy compared to bigger cryptocurrencies.

Tether

Current Price: US$1.00

Market Capital: US$68,063,793,143

One of the top cryptocurrencies, Tether is also a different type of cryptocurrency called stable coin that is backed by fiat currencies such as US dollars. It is known for providing stability instead of volatility to the crypto market.

Solana

Current Price: US$168.88

Market Capital: US$50,364,860,400

A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale. Solana is expected to be a cryptocurrency with the best growth potential in October 2021 as it has risen to become the sixth-largest cryptocurrency by market capitalization.

XRP

Current Price: US$1.04

Market Capital: US$48,450,416,127

XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. So far, the beginning of the month has been great for XRP, and investors are keeping high hopes for this cryptocurrency.

USD Coin

Current Price: US$1.00

Market Capital: $32,301,238,285

USD Coin is a stablecoin powered by Ethereum, and people can use it to complete global transactions. Investors are closely watching the performance of this coin as it has huge growth potential.

Polkadot

Current Price: US$31.16

Market Capital: US$30,759,217,076

Polkadot was launched in 2020, and in just a year, its value has gone up from $2.93 to $31.16 – a 1,063% growth! Polkadot is one of the top 10 cryptocurrencies in the crypto market that can help to earn profit in October 2021. It is expected that the cryptocurrency price will rise in October with a strong market capitalization.

Dogecoin

Current Price: US$0.2167

Market Capital: $28,424,823,062

The volatility of Dogecoin's price depends on the one tweet from Elon Musk. But this meme cryptocurrency does have growth potential in October. In 2017 the value of Dogecoin was $0.0002, and today it is $0.2167, implying growth of 154900% in the next five years!