Best Cryptos To Buy In October 2024: Insights and Market Trends

September 22, 2024
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4 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

As October 2024 approaches, many investors closely monitor the ever-changing cryptocurrency market, where innovation and growth happen at lightning speed. With numerous projects pushing boundaries in the crypto space, it can take time to determine which ones will stand the test of time. In this blog, we’ll explore Ripple, Avalanche, Bitcoin, and Solana—all established players with ongoing developments—and introduce a promising newcomer: Qubetics, a Layer 1 Web3 platform gaining attention for its upcoming presale and transformative approach to blockchain technology.

  1.   Ripple (XRP)

Ripple’s native token, XRP, is currently priced at $0.52 with a market capitalisation of $27.3 billion, positioning it among the top cryptocurrencies by market cap. Ripple is known for revolutionising cross-border payments and enables faster and more cost-efficient transactions than traditional banking systems. Its On-Demand Liquidity (ODL) service has been adopted by numerous financial institutions, allowing real-time payments without needing pre-funded accounts, significantly reducing transaction costs. As of 2024, Ripple has processed billions in remittances and secured partnerships with over 300 financial institutions worldwide, further solidifying its role in global finance. However, Ripple’s journey hasn’t been without challenges. The ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) has raised concerns about XRP’s regulatory status, though Ripple has won partial victories, leading to increased investor confidence.

  1.   Qubetics (TICS)

Qubetics is a rising innovator, delivering a Web3 aggregated ecosystem that seamlessly connects major blockchains like Bitcoin, Ethereum, and Solana. The platform stands out with its multi-chain wallet that allows feeless $TICS transfers. It integrates various services such as Apple Pay, Google Pay, and a decentralised VPN (dVPN) service for enhanced privacy and internet freedom. Its focus on simplifying blockchain technology for the masses makes it a project to watch closely. The upcoming presale scheduled for 27 September 2024, Qubetics, adds another layer of excitement, offering early investors the chance to be part of a transformative project. With a strategic pairing of QUSD, a stablecoin backed by USDT/USDC, the platform aims to bring market stability and increased utility to $TICS. The Qubetics presale is expected to draw significant interest due to its focus on practical applications, making it a top choice for those seeking to invest early in groundbreaking Web3 innovations.

  1.   Avalanche (AVAX)
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Avalanche (AVAX) is a high-performance blockchain platform priced at $10.82 with a market capitalisation of $3.7 billion. Known for its impressive scalability, Avalanche can process 4,500 transactions per second (TPS), making it one of the fastest blockchains available. Its consensus mechanism allows for near-instant transaction finality, positioning Avalanche as a top choice for decentralised applications (dApps) and decentralised finance (DeFi) projects. The platform's unique subnets enable developers to create customisable blockchains within the ecosystem, adding to its flexibility and appeal. With more than $10 billion in total value locked (TVL) in its DeFi ecosystem, Avalanche continues to gain traction. However, it faces strong competition from other blockchain platforms like Ethereum and Solana.

  1.   Bitcoin (BTC)

Bitcoin (BTC) remains the most dominant cryptocurrency, currently priced at $62,774.42 with a market capitalisation of $1.2 trillion. Since its creation in 2009 by the mysterious Satoshi Nakamoto, Bitcoin has become a leading value and digital currency store. However, Bitcoin's proof-of-work consensus mechanism has drawn criticism for its energy consumption and scalability issues. Despite these challenges, Bitcoin still commands over 57% of the total crypto market share, and its institutional interest, especially in Bitcoin ETFs, continues to grow. Bitcoin’s role as a hedge against inflation and its decentralised nature makes it a cornerstone in the cryptocurrency market.

  1.   Solana (SOL)

Solana (SOL), priced at $139.64 with a market cap of $65.4 billion, is a fast-growing blockchain designed to rival Ethereum in the areas of decentralised applications (dApps), non-fungible tokens (NFTs), and decentralised finance (DeFi). Its hybrid proof-of-stake and proof-of-history consensus allows for 65,000 transactions per second (TPS), making it significantly faster and cheaper than many competitors. However, Solana has faced network instability, with multiple outages since 2022, including a 19-hour downtime in early 2023. Despite these issues, Solana’s potential to serve as an "Ethereum killer" makes it a strong investment for those looking for high-speed blockchain solutions.

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Presale details:

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The Qubetics presale will commence on Friday, 27th September, at 17:00 UTC. As a whitelisted participant, you will receive an exclusive email notification 48 hours before the presale’s official launch. This early access provides a unique opportunity to invest in Qubetics’ advanced Web3 ecosystem, which aims to revolutionise blockchain technology and optimise digital asset management. Ensure you take advantage of this limited opportunity to participate in the presale and secure your position in this innovative project.

Key Takeaways:

As we move into October 2024, the crypto community offers a mix of established players and exciting newcomers. XRP, Avalanche, Bitcoin, and Solana all bring something unique to the table, whether cross-border payments, smart contracts, or scalability. However, for those looking to be part of something new and innovative, Qubetics and its upcoming presale provide an excellent opportunity to invest in a transformative Web3 ecosystem. Keep an eye on these cryptos as they shape the future of blockchain technology.

For More Information:

Qubetics: https://www.qubetics.com/

Ripple: https://ripple.com/

Solana: https://solana.com/

Bitcoin: https://bitcoin.org/

Avalanche: https://www.avax.network/

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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