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10 Coins to Watch in Uptober: Part 1
Arbitrum (ARB)
Arbitrum is making waves in the crypto space with its Short-Term Incentive Program (STIP). The proposal, which has already received 105 applications, will allocate 50 million ARB tokens to various Arbitrum projects. This injection of liquidity could stimulate the ecosystem and increase the token’s value. The current price of ARB is $0.8796 with a market cap of $1.12 billion.
Solana (SOL)
Solana has experienced a turnaround after a challenging period following the FTX collapse. Its total value locked (TVL) is increasing, and it ranks 9th among all chains in TVL. Solana boasts an active NFT community and has seen improvements in uptime this year. The current price of SOL is $23.29 with a market cap of $9.63 billion.
Radiant (RDNT)
Radiant Capital’s mainnet launch on Ethereum has been delayed until October 15th due to gas optimization improvements. As the lending and borrowing platform on Arbitrum, Radiant is also a recipient of the STIP, receiving $3.36 million for ecosystem development. The current price of RDNT is $0.2376 with a market cap of $77.6 million.
Rollbit Coin (RLB)
Rollbit positions itself as crypto’s most innovative casino, offering casino games, futures trading, and NFT trading. The RLB token has no inflation, and the team buys back and burns tokens from revenue. Rollbit recently became the official European betting partner of SSC Napoli, opening doors to the Italian betting market. The current price of RLB is $0.1461 with a market cap of $481 million.
DYDX (DYDX)
DYDX plans to launch its V4 on Cosmos this month, severing ties with Ethereum. With faster and cheaper transactions, DYDX aims to become a leading DEX. The V4 will introduce revenue sharing and full decentralization. However, there is a large token unlock event in December that may impact the token’s price. The current price of DYDX is $1.95 with a market cap of $345.2 million.
Hot Take: October’s Uptober Coin Watchlist
October, known as Uptober in the crypto space, presents opportunities for investors to keep an eye on promising coins. In Part 1 of our series, we highlighted five coins worth watching: Arbitrum (ARB), Solana (SOL), Radiant (RDNT), Rollbit Coin (RLB), and DYDX (DYDX). These coins have unique features and developments that could drive their value up in the coming month. Stay tuned for Part 2 to discover more exciting coins to watch!
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Althea Burnett stands as a luminary seamlessly blending the roles of crypto analyst, relentless researcher, and editorial virtuoso into an intricate tapestry of insight. Amidst the dynamic realm of digital currencies, Althea’s insights resonate like finely tuned notes, reaching minds across diverse horizons. Her ability to decipher intricate threads of crypto intricacies harmonizes seamlessly with her editorial finesse, transforming complexity into an eloquent symphony of understanding.