Investors are seeking the best crypto to buy for the market’s next upward move, following an exciting start to Uptober. Bitcoin’s all-time high (ATH) confirms that liquidity is available, but seasoned investors know the biggest opportunities occur as capital shifts into altcoins.
Additionally, catalysts such as interest rate cuts, a series of spot altcoin ETF deadlines, rising institutional interest, and on-chain activity suggest that the gains in the second half of Uptober could easily surpass those in the first half.
However, as recent events have shown, most of the gains will come from just a few projects. To identify them early, investors need to monitor market trends, emerging narratives, and, most importantly, momentum.
With that in mind, we’ve picked three standout cryptos that not only demonstrate promising use cases but also have serious momentum behind them. Let’s examine these projects and consider why they might outperform as the next Uptober rally unfolds.
Best Wallet Token
The on-chain user experience feels cluttered, fragmented, and outdated. There’s massive room for improvement, and that’s where Best Wallet Token comes in. It’s the native cryptocurrency of Best Wallet, a multi-chain Web3 wallet supporting over 90 blockchains.
The project boasts a range of features, including a cross-chain DEX, a futures trading platform, a staking aggregator, a presale aggregator, and even a crypto debit card. It essentially consolidates all of DeFi into one platform, representing a giant leap forward in on-chain user experience.
The BEST token plays a key role by offering trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects. This creates utility-driven demand potential and is helping draw significant interest.
Currently, BEST can be purchased through a presale, which has already raised $16.4 million, making it one of the top fundraising campaigns in the market. This combination of early success and a strong use case signals that BEST could be one of the top opportunities for Uptober.
Visit Best Wallet Token Presale
BNB
When considering momentum, it’s essential to look beyond just price, as it can be influenced by factors such as low liquidity. What truly matters is real adoption, and this is where BNB excels.
It’s the native coin of Binance Smart Chain, the decentralized arm of the Binance exchange. In recent weeks, BSC has seen a surge in activity, with on-chain transactions reaching new heights. According to TokenTerminal data, BSC has had more active users this month than any other blockchain, indicating genuine adoption and showing that BNB’s recent ATHs were driven organically.
Another key point is the rapid growth of stablecoins on BSC, now approaching a $14 billion market cap – nearly triple what it was a year ago. Stablecoin flows of this magnitude indicate institutional involvement, which suggests long-term potential for BNB.
It’s also worth noting that some of its stablecoin supply could be rotated into risk-on tokens, especially considering the expected increase in money supply over the coming months, which will make dollars less attractive and incentivize investors to purchase risk assets.
Zcash
Zcash has surged to become the top-performing cryptocurrency within the top 100 by market capitalization this month, increasing by over 300%. The rise was driven by increased institutional interest, with Grayscale enabling investors to buy through its Grayscale Zcash Trust.
Usually, institutional investors have avoided privacy coins like Zcash due to their perceived ambiguous legal status. However, it appears that a more favorable regulatory environment in the US and globally may be spurring renewed interest in the sector.
Additionally, there have been rising endorsements from notable figures such as Naval Ravikant, who recently called Zcash “Insurance against Bitcoin,” nodding to concerns about surveillance, data tracking, and financial transparency.
If this trend continues, privacy coins could experience an explosive period similar to 2018, and Zcash’s recent performance suggests it may lead the charge.
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
