The 7 Best Altcoins to Buy Now in October 2022

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After being in a bear market for several months, you are probably asking yourself: what are the best altcoins to buy now?

Considering blockchain technology’s widespread applications, it is likely that the crypto market will continue to expand for a considerable amount of time. However, finding the best altcoins to invest in at the moment might be challenging since there are presently more than 22,000 different cryptocurrencies available.

We have compiled a list of the top 7 altcoins to invest in in October 2022. Here is a quick overview of the most promising altcoins you can buy and trade right now. But before we look at each crypto project in detail, we will first answer the question: what is an altcoin?

Top 7 Altcoins to buy right now 2022

1. BudBlockz – The Overall Best Altcoin to Buy now

  1. UniSwap – Best Altcoin DEX Token
  1. Cardano – Best Proof-of-Stake Altcoin
  1. IMPT – Best Green Altcoin
  1. Trust Wallet Token – Top DeFi Wallet Altcoin
  1. Axie Infinity – Top P2E Gaming Altcoin

7. Stellar – Long-Term Top 100 Altcoin

What is an Altcoin

Altcoins are all cryptocurrencies that are not Bitcoin (BTC). However, some people consider altcoins to be all cryptocurrencies other than Bitcoin and Ethereum (ETH) because most cryptocurrencies are forked from one of the two. Some altcoins use different consensus mechanisms to validate transactions and open new blocks. In contrast, others try to differentiate themselves from Bitcoin and Ethereum by offering new or enhanced capabilities or purposes.

Most altcoins are created and distributed by developers with different visions or purposes for their tokens or cryptocurrency. This is visible in our altcoin list, where you will find crypto projects with very different purposes and use cases. Now that we have explained altcoins in simple terms let us look at the best altcoins to buy now.

  1. BudBlockz – Overall Best Altcoin to Buy in 2022

The first altcoin project on our list, called BudBlockz, is one of the next altcoins that could pump. BudBlockz is an exciting new project that has hit the ground running. Since selling out its private sale 10 days ahead of schedule, the project has already raised over $1 million to revolutionize the way we look at cannabis e-commerce forever. And this is just the beginning.

From the conclusion of the private sale until now, BudBlockz’s price has risen from $0.015 to $0.0277 giving early investors over 78% returns on their initial investment. BudBlockz arises as a fantastic investment opportunity for everyone interested in getting in on the ground floor of the rapidly growing cannabis market and the blockchain industry. Stakeholders in the cannabis ecosystem, like dispensaries, farms, manufacturers, and others, may trade with one another using BLUNT, the core financial unit of the BudBlockz ecosystem. To increase the market’s and the ecosystem’s accessibility, BLUNT tokens will be listed on the CEX and DEX exchanges. Furthermore, users can store BLUNT coins in ERC-20-compliant wallets that support custom tokens.

BudBlockz’s goal is to bring the excitement and momentum that has been building up in the blockchain realm to the cannabis industry. Blockchain technology will enable users to conduct encrypted transactions directly with one another, adding a layer of security that one does not get when spending cash.

Here Is Why Blunt Could Be the Next Altcoin to Surge

Alongside the BLUNT token, BudBlockz is launching an NFT marketplace. The first NFT collection allows holders to become members of their revolutionary fractional ownership market, allowing customers to invest in cannabis-based businesses worldwide by owning an asset-backed NFT. Through BudBlockz’s fractional ownership platform, users may actively contribute to the sector’s development by acquiring partial shares in their preferred cannabis-related firms. Cannabis aficionados have the joy and satisfaction of knowing they have made significant contributions to the entire industry.

BudBlockz strives to make the multi-billion dollar legal cannabis trade more equitable to cannabis enthusiasts worldwide. According to BudBlockz’s research, there are several reasons to believe that more jurisdictions will follow suit and draft further laws permitting the medicinal and recreational use of cannabis. By being first to market, there is ample reason to believe that BudBlockz will be well poised to take over a significant portion of the market. 

The BudBlockz ecosystem does not stop there, though. BudBlockz will offer BLUNT staking and a P2E retro gaming platform inspired by the classic game consoles of the 90s. Considering its comprehensive road map and well-established objectives, the approach that BudBlockz is taking is appealing to clients, and the success of the presale so far is proof of this. This is one of the most promising altcoins to buy and one of the best new coins to invest in today. 

To stay up to date with all things BudBlockz, join the telegram group and follow BudBlockz on Twitter.

>>> Register & Buy BudBlockz Now <<<

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  1. Uniswap – Best Altcoin DEX Token

Next on our list of the best altcoins to buy now is Uniswap, the most prominent decentralized exchange (DEX) on the Ethereum blockchain. It enables users in any part of the globe to exchange cryptocurrencies directly. Uniswap (UNI) is an Ethereum altcoin that fuels Uniswap, an automated liquidity provider meant to facilitate the trading of Ethereum (ERC-20) tokens. On Uniswap, there is no order book or central facilitator. Instead, tokens are traded using smart contract-defined liquidity pools.

Uniswap was one of the first decentralized financial (or DeFi) apps to gain popularity on Ethereum, starting in November 2018. After years of effective operation and on the way to total decentralization, Uniswap created the UNI token to provide community ownership of the protocol, letting stakeholders vote on significant protocol modifications and development projects.

Uniswap innovated the Automated Market Maker approach, in which users provide Ethereum tokens to Uniswap “liquidity pools.” Algorithms establish market prices (in contrast to order books, which match bids and offers on controlled exchanges like Coinbase) based on supply and demand. 

Is Uniswap a Good Altcoin to Buy in October 2022? 

Since Uniswap is a decentralized system and its users supply all of the platform’s liquidity, all fees are paid directly to the users who offer that liquidity. This is quite different from centralized exchanges, which are characterized by the fact that the operational authority of the exchange is responsible for paying all of the associated fees.

Uniswap quickly became one of the top 100 altcoins after the token was released in early 2021. With a current market cap of $4.8b, it is the #17 cryptocurrency, according to Coinmarketcap. The UNI token has been relatively stable during the last couple of months. After an all-time high of about $42, it found support between $4 and $8. At the time of writing, it is trading at $6.47, giving you an almost 10x potential to reach its previous highs.

How does Uniswap work?. Uniswap is a protocol on Ethereum for… | by Jeffrey Hancock | Coinmonks | Medium

  1. Cardano – Best Proof-of-Stake Altcoin

Number 3 on our list of the best altcoins to buy in October 2022 is Cardano. Cardano arises as a decentralized proof-of-stake blockchain platform of the third generation with its native altcoin ADA. It was conceptualized from the ground up by a group of leading engineers and academics. Cardano depends on its three organizational structures for supervision: Cardano Foundation, IOG – Input Output Global, and Emurgo.

As a pioneer in the blockchain realm, Cardano is an entirely open-source project with a strong emphasis on sustainability, scalability, and transparency that aspires to create an inclusive, fair, and robust platform for global financial and social applications. It is driven by the innovative proof-of-stake consensus mechanism Ouroboros. Cardano is the first peer-reviewed blockchain project to get support from blockchain and cryptography specialists from prestigious institutions.

What Makes ADA a Good Altcoin to Invest in Now?

ADA serves as the fuel for the blockchain’s staking system. Those who choose to stake their ADA tokens help the security and stability of Cardano’s network. They get more ADA tokens as a reward for staking their ADA tokens. Furthermore, the platform enables developers to find building tools to create various dApps, generate new cryptocurrencies, and “bring about constructive global change.”

Initially, Cardano could only process around ten transactions per second (tps). Nevertheless, the protocol has integrated a novel scaling technique used in the network called Hydra. Overall,  Hydra is a scalability solution for Layer 2 that works off-chain to handle transactions via state channels. Because of the essence of this technology, Cardano can handle more than one million transactions in a single second.

After a strong performance in 2021, Cardano has recently found support in the $0.3 to $0.4 range. Compared to its all-time high of almost $3, this is another altcoin that could make 10x and more.

  1. IMPT – Best Green Altcoin

IMPT is the best green altcoin to buy in October 2022. It is the most recent Web3 initiative to contribute substantially to the battle against global warming and climate change. The platform enables individuals and businesses to offset their carbon impact in a straightforward and protected manner.

Harmful emissions must be reduced to prevent future generations from experiencing an increase in temperature. Nevertheless, it would be impracticable to stop all activities that release dangerous gases into the environment. Instead, there are programs meant to reduce carbon dioxide emissions into the environment by an identical amount. Carbon offsetting enables businesses and people to pay for CO2 emissions by indirectly acquiring carbon credits and engaging in these programs.

Why Buying the Green Altcoin in 2022 Is a Good Choice 

IMPT enables carbon offsetting in a decentralized and transparent way. Investing in IMPT altcoin tokens enables participation in a meaningful carbon offsetting scheme. This is made feasible by the ecosystem’s ability to link socially responsible brands with companies and people seeking to decrease their carbon impact. Consequently, you may get carbon credits by purchasing them from the IMPT.io marketplace or by earning them while shopping. IMPT.io’s blockchain architecture enables you to purchase, trade, and withdraw carbon credits without double counting or fraud.

If you are looking for one of the best cheap altcoins to buy, IMPT might be your best choice. The crypto project is currently holding a presale where you can buy their token at $0.18, before the price increases to $0.23 in stage 2. Stage 1 lasts until November 25, 2022, or until all the currently available 600,000,000 tokens are sold out.

  1. Trust Wallet Token – Top DeFi Wallet Altcoin

If you are looking for the best DeFi wallet altcoin to buy in October 2022, you might like TWT. The Trust Wallet Token, also known as TWT, is a straightforward BEP-20 utility token that gives users of Trust Wallet access to various advantages and rewards. Trust Wallet is a mobile cryptocurrency wallet that supports dozens of popular native assets in addition to popular tokens on the Ethereum, Binance, and TRON blockchains.

When utilizing Trust Wallet, owners of TWT tokens get access to a wide range of perks, including discounts on in-app cryptocurrency purchases and the usage of services provided by DEXs. Holders of TWT tokens are eligible to participate in the governance of Trust Wallet and vote on proposed updates to the app, both of which contribute to the overall direction of the app’s development.

Should you buy the Trust Wallet Altcoin in October 2022?

The Trust Wallet Token is built on the Binance Smart Chain and is supported by a proof-of-stake (POS) consensus mechanism that has been tested extensively. This is done to safeguard the network against various possible risks, including assaults using the 51% method and the Sybil protocol.

Trust Wallet’s token was released in May 2020. It has since shown an incredible price performance of almost 200x up to its all-time high of $1.50. After the all-time high in September 2021, this altcoin surged again to $1.36 in March 2022, which was one of the worst times for the rest of the crypto market. Compared to many of the other cryptocurrencies, TWT has one of the best performances. It continuously prints higher lows and lower highs, indicating that a price explosion could be on the horizon. Trust Wallet’s token might very well be one of the most undervalued altcoins in the top 100.

Axie Infinity: How to Earn Money in 2022? (Passive Income)

  1. Axie Infinity – Top P2E Gaming Altcoin

Are you interested in gaming? Then our top gaming altcoin to buy in October 2022 might be the right choice for you. Axie Infinity is a blockchain-based game in which users acquire NFTs of adorable monsters and then put them against one another in combat. During games, players may acquire SLP tokens and swap them for cash at an exchange. And when the larger NFT market calmed down after all of the hooplas, Axie Infinity became even more popular. 

What Makes Axie Infinity a Good Altcoin to Buy Now?

Axis Infinity Shard (AXS) is the native Axie Infinity governance token. At this time, AXS may be used to pay for breeding expenses. In the future, AXS token holders will be able to vote on game-related choices and their upcoming developments and stake AXS tokens to gain prizes inside the game. AXS is now accessible on cryptocurrency exchanges, including Binance, FTX, and Huobi Global, but not Coinbase or Binance. However, decentralized exchanges such as Uniswap and SushiSwap provide it.

With a market cap of just about $1b, Axie Infinity has seen an insane price pump from its initial price of about $0.2 up to an all-time high of about $160. In recent months, Axie has found support in the $10 to $20 range. At the time of writing, it is trading at $10, making this an excellent opportunity for a 15x back to its all-time high.

  1. Stellar – Long-Term Top 100 Altcoin

Stellar is a payment mechanism based on the concept of distributed ledgers. Stellar was established with the typical user and people in less developed nations in mind. The platform enables users to participate in the economy on a global scale in a simple, rapid, and inexpensive way.

The cryptocurrency of the Stellar blockchain is the Lumen altcoin, a token that trades under the sign XLM. In circulation are about 22.5 billion coins, with a maximum supply of 50 billion. Traders may use lumens on the Stellar network, a blockchain-based distributed ledger network that links banks, payment institutions, and individuals to support low-cost, cross-asset transfers of value, including payments.

Stellar is managed by the Jed McCaleb-founded Stellar Development Foundation, a non-profit organization. Initial financing for the Stellar initiative came from the payments firm Stripe and contributions from institutions such as BlackRock, Google, and FastForward. The organization’s operating expenses are covered through tax-deductible public contributions. 

As a pioneering blockchain initiative, Stellar focuses primarily on emerging nations in remittances and bank loans to those who do not have access to financial services. Stellar does not charge users for accessing the network. 

Can Altcoins Be Considered a Good Investment?

Because altcoins are made up of such a diverse range of projects, some will be good investments while others will fade into obscurity. Below are a few reasons why altcoins can be a great addition to a well-balanced portfolio.

Technology 

One of the most intriguing aspects of altcoins is their technology. Because cryptocurrency is still a developing technology, altcoins can provide access to subsectors such as decentralized finance, the Metaverse, and peer-to-peer gaming. The best altcoins to buy will usually have novel and exciting features, making them an excellent way to stay on the cutting edge of technology. One such example is our top altcoin pick BudBlockz which could become a leader in the decentralized cannabis e-commerce sector.

Diversification

As previously stated, there is a vast array of different altcoins available, which can serve as an excellent diversification tool. With altcoins spanning every sector of cryptocurrency, regardless of how a portfolio is constructed, an altcoin can reduce an investor’s exposure to a specific sector, effectively reducing risk. 

Growth Potential

While Bitcoin is regarded as a more secure, blue-chip cryptocurrency, its larger size makes it more difficult for the price to move significantly in either direction. On the other hand, altcoins will have lower market caps, implying that less demand is required to push them upward. As such, altcoins can be excellent growth vehicles if proper due diligence is performed before investing. The highest growth potential lies with altcoins that you can buy during presales like BudBlockz and IMPT currently have going on. This will give you a better price than after the tokens get released to the public.


None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.