Crypto Gems: Top crypto assets to watch & buy in October 2024
Bitcoin and crypto. With a cool 7% gain, Bitcoin has re-entered the $60,000 territory and looks to consolidate above this range for further gains. Buoyed by recent interest rate cuts as well as the upcoming elections in the US, crypto is well-positioned to rake in more in October. However, geopolitical factors can add in short term volatility as tensions in the Middle East escalate. The good news is that any additional pain will be short-lived as the Oct.-Dec. quarter is usually exceptional for the asset class.
In this article, we will explore some emerging narratives and identify potential crypto gems that could yield good returns in the coming months. Remember, the crypto market is inherently volatile, and it's crucial to conduct your own research and understand the risks associated with each investment.
Layer 1s and infra – NEAR and PHB (Medium to High Risk, Considerable Returns)
Layer 1s and infrastructure form the backbone of Web3. We identify two Layer 1s that look promising this month.
NEAR Protocol (NEAR) is a layer-one blockchain that was designed as a community-run cloud computing platform eliminating some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low
