These 3 Altcoins Will BREAKOUT in October

Uptober is here! Where September is the worst month for crypto, October is one of the better months. September only saw three green months since 2013. That’s including this year. But all three green months were only single digits. In contrast to October, which has only seen two red months since 2013.

So, that’s why we are looking at three altcoins for October. These are three projects to keep an eye out on. I expect these altcoins to do well. Keep watching until the end, so you find out what makes these coins special.

#1: Radiant Capital (RDNT)

Radiant Finance (RDNT) is active in the DeFi space. How about DeFi 3.0 to be more precise?  It’s an omnichain money market. So, in other words, you can not only borrow and lend, but you can do it on various chains. 

Radiant is part of the Arbitrum ecosystem. As you may know, Arbitrum is attracting a lot of attention currently. Right there, that’s one of many reasons why Radiant may do well in October. Their goal is to become the leading omnichain money market in DeFi. 

What they’re also doing, is to address the fragmentation of capital in DeFi. So, what do I mean by that? Well, look, DeFi has various money markets, and they all exist on different chains. 

Now, Radiant eliminates the need for isolated liquidity pools. It does this with its omnichain money market. This allows you to deposit any asset from various chains. On the other hand, you can also borrow supported assets across various chains. Radiant uses two other platforms for this:

  1. Layer Zero for messaging.
  2. Stargate’s stable router interface for cross-chain interoperability. 

It also implements a Dynamic Liquidity Provider (DLP) mechanism. This controls emissions and incentivizes DLP providers. But let’s take a look at some of the metrics that make me believe that RDNT will do well in October. First, we see an increase in daily active addresses. Last month it spiked!

There’s good and persistent volume on Binance. See this chart, taken on 28th September.

Source: TradingView

Catalysts in Radiant’s Price Development

Here are some catalysts that may be beneficial to the RDNT price development. For example:

And by the way, the RDNT token is up by 676% over the last year. So, there you go. That’s it for Radiant. Let’s look at my next pick.

#2: Hedera (HBAR)

Hedera (HBAR) is a playing field for developers. This is my second altcoins pick for the day. It’s a smart contract platform. For consensus, it uses Proof of Stake. Hedera offers three main services:

  1. Solidity-based smart contracts
  2. Consensus, with Hashgraph consensus. Compare a blockchain with a growing tree, including branches. You need to prune the branches, to make sure they don’t grow out of control. In contrast, a hashgraph doesn’t prune. However, it weaves the branches back into the ledger’s body.
  3. And token services. You can configure, mint, and manage tokens. Both fungible and non-fungible. 

With these three features, a dev can start building a crypto platform. But besides these three features, it has more to offer. It is also:

  • Fast, up to 10,000 TPS and immediate finality. Transaction costs are well below a penny. You pay them in HBAR, their native token. 
  • Energy-efficient, their network operations are carbon negative.
  • Secure. Hedera uses the CNSA Suite security standard. The US government uses this to protect their Top-Secret files. 

Here are some of the reasons why I’m bullish on Hedera. Look at their latest developments:

  • The team started to develop a voluntary biodiversity credit market. This puts Hedera at the cornerstone of the development of a scalable, ethical ESG marketplace. 
  • Hedera also partnered with some institutional players. For example,
  • FedNow 
  • Mastercard
  • Major banks
  • Hyundai and KIA (car manufacturers)
#3: Astar (ASTR)

Astar Network is one of the leading chains on Polkadot. It’s the last but not the least of today’s altcoins. You can also find Astar on Ethereum and Polygon. Astar just introduced Astar 2.0. It also expanded to Ethereum recently. For this, it used the Polygon CDK (chain development kit). This is an open-source codebase. It allows the launching of ZK-powered L2s. 

Astar supports Dapps for DeFi, NFTs, DAOs, and more. Everything Web3 related. It supports, among others:

  • EVM
  • Substrate 
  • WebAssembly (Wasm)
  • ink! environments.

What stands out is a unique Build2Earn mechanism. This rewards developers if they build on Astar. It uses a Dapp staking mechanism for this. In Japan and Korea, Astar is already popular. However, recently, we noticed a major shift in its on-chain metrics.  5 This can be due to its recent listing on the largest Korean blockchain exchange, Bithumb. Huobi also listed the ASTR token. This is a major exchange. 

Astar also has major top institutional partnerships. For example, from Toyota to the Japanese Railway Corporation. Astar already supports both EVM and WebAssembly (WASM) environments. For interoperability between them, it uses a Cross-Virtual Machine (XVM).  However, by adding zkEVM, they became more accessible for developers and businesses. 

All reasons to keep an eye out on Astar in October. Are you already holding any of the mentioned altcoins? Let me know which one you like best.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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