7 Best Crypto Coins for Beginners to Buy in October 2023
For new investors in the crypto market, finding the next best coin to buy for November is a challenging feat. The crypto space can be both promising and risky, overwhelming beginners who need help navigating it. Amidst the noise of “best altcoins to invest in” and “good crypto to buy,” a perceptive eye toward innovative, stable, and promising coins becomes imperative.
This article unveils seven cryptocurrencies, including NuggetRush (NUGX) and Borroe Finance (ROE), which have demonstrated robust technological frameworks and have the potential to offer substantial returns in October. From play-to-earn models to AI-powered funding marketplaces, these coins are more than mere digital assets; they are gateways to decentralized platforms that promise to reshape various industries and offer tangible solutions to real-world problems.
NuggetRush (NUGX) – The Cryptocurrency ICO That Can’t Be Missed
NuggetRush (NUGX) is more than just another name in the crypto space. It’s a solution for those seeking a blend of gaming and real-world impact. Built on the Ethereum blockchain, this play-to-earn game offers players an immersive experience, allowing users to mine virtual gold, strategize their gameplay, and customize their avatars. But what truly sets NuggetRush apart is its commitment to making a tangible difference. Beyond the virtual space, the game supports artisanal miners in underdeveloped regions, ensuring that every in-game activity positively impacts the real world. With its governance token, NUGX, the game promises players a transparent and secure environment. Furthermore, the game’s ecosystem rewards, combined with its unique RUSHGEM NFTs that can be exchanged for real gold, positions NuggetRush as a frontrunner in the GameFi space.
Diving deeper into the fundamentals, NuggetRush introduces a marketplace where players can trade in-game assets, turning their gameplay rewards into real-world assets. The game’s tokenomics have been meticulously crafted, with 43% allocated for public sale and a clear distribution strategy for marketing, partnerships, and ecosystem rewards. In its presale phase, NUGX offers potential investors an opportunity to be part of a game-changing project at an attractive price point. The presale structure ensures early investors benefit, with a tiered claiming system based on the purchase round. As the crypto space continues to evolve, projects like NuggetRush, which seamlessly merge gaming, defi tokens, and real-world impact, are set to redefine how we perceive and engage with cryptocurrencies. This is one of the reasons NuggetRush is one of the best cryptos to buy now.
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BorroeFinance (ROE) – A Key Player Among the Top 7 Cryptocurrencies
BorroeFinance ($ROE) is a top contender in the list of the best cryptos to invest in now, especially for beginners venturing into the altcoin market this October. With a supply cap of 1,000,000,000 ROE and built on the Polygon chain, an Ethereum sidechain, Borroe is not just another defi project. It’s a groundbreaking AI-powered funding marketplace for content creators and Web3 participants.
By allowing the sale of future earnings, such as subscriptions and royalties, Borroe offers an innovative solution to the challenges of traditional funding systems. What is the platform’s unique feature? Businesses can mint NFTs representing their future invoices, which are then available for purchase at a discounted rate. This ensures a secure fundraising process and paves the way for a peer-to-peer ecosystem. Buyers can trade these discounted invoice NFTs on secondary markets, making it a top crypto to invest in.
InQubeta (QUBE) – The Defi Coin Reshaping AI Investments
InQubeta (QUBE) will launch as the world’s first Web3 crowdfunding platform. This unique platform will offer fractionalized investment opportunities in AI startups. This ERC20 token on the Ethereum network is expected to increase by 400% after its presale. The platform’s NFT marketplace will launch soon, enabling AI startups to secure funds and proffer equity-based NFTs.
QUBE token holders can invest in their preferred projects, creating a mutually beneficial ecosystem for all stakeholders. The deflationary nature of QUBE ensures a 2% burn on sales and 1% on purchases, improving its value over time. Staking QUBE tokens promises passive income, with a dedicated staking rewards pool replenished by buy/sell taxes. This approach rewards long-term QUBE holders, ensuring a sustainable market for investors. For those exploring the crypto space, InQubeta’s QUBE offers a promising venture.
Lido Dao (LDO) – Best LSD Coin for Beginners Seeking High Returns
Lido Dao (LDO) emerges as a game-changer in the crypto landscape, especially for those thinking about what crypto to buy. As a decentralized autonomous organization (DAO) and liquid staking protocol, Lido made waves before Ethereum’s renowned “Merge.” It addressed Ethereum’s 32 Ether staking challenge, allowing users to tap into the locked value of their staked assets via its Liquid Staking mechanism.
This innovation ensures Lido users maintain their staked tokens’ liquidity using a proxy stToken, opening doors to additional yield in the DeFi market. Lido’s community-driven approach, steered by the LDO token, underscores its commitment to decentralization. While it began focusing on Ethereum, Lido has since expanded its reach, supporting multiple PoS blockchains. Staking with Lido translates to liquid assets seamlessly integrating with top DeFi platforms, amplifying yield. Lido’s unique proposition is its simplicity, ensuring assets remain liquid and easily accessible. Whether you’re a seasoned investor or diving into cryptocurrency for beginners, Lido Dao (LDO) stands out as a top crypto coin.
Rollbit (RLB) – The Crypto Revolutionizing The Gambling Space
Rollbit (RLB) is rapidly gaining traction as the go-to casino cryptocurrency for beginners. Unlike many other tokens, RLB didn’t undergo an ICO. Instead, it was generously airdropped to loyal users of the Rollbit platform, a renowned casino and trading platform. The real allure of RLB lies in its unique lottery system. These tokens aren’t just digital assets but tickets to potential high returns. By staking RLB, holders get a shot at winning a significant portion of the casino’s daily profits, with 20% of these profits accumulating for each lottery round.
The supply of RLB is finite, capped at 5 billion coins. And here’s where it gets interesting: every staking round sees a 0.20% fee, half of which is burned, permanently reducing the RLB supply. Combined with the increasing demand for lottery entry, this deflationary mechanism is poised to drive RLB’s value upwards. Moreover, the staking fees also benefit Rollbit’s NFT project, Rollbots. With a clear utility from day one and a diminishing supply, RLB stands out as a promising altcoin for those looking to diversify their crypto portfolio.
GMX (GMX) – The Best Cryptocurrency To Buy Today
GMX (GMX) emerges as a top contender for the best cryptocurrency to buy today, revolutionizing the decentralized trading landscape. Operating as a permissionless perpetual swap and spot exchange, GMX empowers traders to seamlessly transact directly from their wallets. Beyond its trading utility, the GMX token plays a pivotal role in governance and value accrual within the GMX protocol. Staking GMX tokens unlocks a lucrative avenue for users, granting them a slice of the protocol’s fees and other enticing incentives. With support for the Arbitrum and Avalanche networks, GMX pledges a low-fee trading experience, eliminating the dread of price impact trades.
The platform’s backbone, the GLP pool, is a diverse mix of 50-55% stablecoins, 25% ETH, 20% BTC, and a 5-10% splash of other altcoins. This pool not only fuels the liquidity for leverage trading but also ensures that liquidity providers profit when traders falter, and vice versa. GMX token holders wield the power to shape the exchange’s trajectory, voting on pivotal proposals. Their loyalty is rewarded threefold: a share of the protocol fees, esGMX tokens, and Multiplier Points that amplify yield sans token inflation.
The platform’s commitment to user-centricity is evident in its direct wallet trading, spot swaps, and leveraged trading capabilities. With Chainlink Oracles at its helm, GMX ensures price stability. As the GMX community thrives, it fosters innovation, birthing tools and projects that bolster user engagement. On the horizon for GMX are Synthetics, a UI/UX overhaul, an advanced AMM, and expansive network growth.
Polygon (MATIC) – The Key Cryptocurrency for Long-Term Gains
Polygon (MATIC) is rapidly carving its niche as the top crypto to buy for forward-thinking investors. Born out of the need to address Ethereum’s scalability challenges, Polygon, formerly known as Matic, offers a unique solution. By processing transactions on a separate Ethereum-compatible blockchain and then returning them to the main Ethereum blockchain, Polygon significantly reduces Ethereum’s network load. This ingenious approach not only accelerates transactions but also slashes transaction costs to mere pennies.
For users, this means seamless interaction with any decentralized application (DApp) without the constant dread of network congestion. Moreover, Polygon’s Liquid Staking innovation ensures that users can access the locked value of their staked tokens, a feature that’s particularly beneficial for those involved in the bustling DeFi market. The MATIC token, despite the rebranding confusion, remains the native cryptocurrency of Polygon. With the capacity to handle a staggering 65,000 transactions per second, in stark contrast to Ethereum’s 17, Polygon stands out as one of the most efficient protocols in the space. Its compatibility with top DeFi platforms, coupled with its commitment to making Ethereum more user-friendly, positions Polygon’s Matic as a prime alt coin for long-term gains.
7 Best Crypto Coins for Beginners to Buy in October 2023 – Conclusion
Every decision can significantly impact one’s financial journey when exploring the different altcoins in the cryptocurrency space. The coins explored, such as GMX and Rollbit, offer more than mere investment opportunities; they have very strong fundamentals, each with unique propositions, technological advancements, and growth potential. Whether engaging in a play-to-earn blockchain game with NUGX or exploring AI startup investments with QUBE, these cryptocurrencies offer a spectrum of possibilities for investors to explore beyond mere financial gains.
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