- The total crypto market cap has risen 3.28% over the last 24 hours.
- XRP’s lawsuit with the SEC is approaching its end.
- LUNC’s 1.2% tax burn could boost the disgraced token’s price this month.
Historically, October has been a good month for the crypto market leader, Bitcoin (BTC), and the rest of the crypto market as a whole. This could be one of the reasons the majority of the crypto market is in the green today—elevating the total crypto market cap by 3.28% at the time of writing, according to CoinMarketCap.
With the slight market resurgence at the beginning of this month, here are the five altcoins that are anticipated to explode in October.
Cardano (ADA)
ADA recently launched its Vasil Hard Fork upgrade, which will enable significantly faster transaction speeds and lower transaction costs on the Cardano network. This will attract future decentralized application (dApps) developers to the Cardano network, thus allowing the ecosystem and the market presence of this project to grow.
Ripple (XRP)
The team behind this remittance token has been in an on-going lawsuit with the U.S. Security and Exchange Commission (SEC). After 2 years, it appears that the lawsuit is coming to an end, and it seems that Ripple’s team will end up winning the lawsuit, which will be a major win for both the Ripple community and the entire crypto space.
Luna Classic (LUNC)
Following the 99% crash of LUNA, the rebranded Luna Classic (LUNC) has been taken up by a small and growing community of investors who believe that the LUNA ecosystem will recover, albeit not to what it once was. The 1.2% tax burn that is being implemented for LUNC on some of the biggest exchanges in the space will also serve as a big boost for LUNC’s price.
EthereumPOW (ETHW)
EthereumPOW is a proof-of-work fork of the newly-upgraded Ethereum network. The main purpose of the creation of this ETH fork was to give the large community of ETH miners an Ethereum-based alternative that they can still mine with their GPUs.
Gala (GALA)
This project is an Ethereum-based gaming platform (metaverse) that incorporates NFTs and several other Web3 technologies. The price of the ecosystem’s utility token, GALA, is currently trading at $0.04086, according to CoinMarketCap.
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The post LUNC, XRP, ADA, ETHW and GALA Altcoins to Watch This October appeared first on Coin Edition.