Binance Coin BNB/USD is the cryptocurrency issued by the Binance exchange. Cardano ADA/USD is a proof-of-stake blockchain platform powered by the native cryptocurrency token ADA.
Polkadot DOT/USD is an open-source sharding multichain protocol intended to facilitate the cross-chain transfer of data or asset types.
These are interesting tokens that you can invest in early October 2021, so let’s analyze each of them and see what kind of potential for growth they have.
Should you buy Binance Coin (BNB)?
On October 5, Binance Coin (BNB) had a value of $434.8.
To get a better perspective of how it can grow in value, we’ll be going over it’s all-time high and its performance in September.
BNB had an all-time high of $686.31 on May 10. Here we can see that it’s all-time high value is $251.51 higher than its value on October 5, or 57%.
BNB had its highest point of value on September 6, where its value was $506.75.
Its lowest point was on September 26, when the token had a value of $325.20.
This means that the token fell in value by $181.55 in September or 35%.
With this in mind, the BNB token has the potential of getting to $500 by the end of October, which makes it worth buying.
Should you buy Cardano (ADA)?
On October 5, Cardano (ADA) had a value of $2.22.
To get a better idea of its growth potential, let’s go over it’s all-time high, and its September performance.
ADA had an all-time high of $3.09 on September 2. This made the ADA token $0.87 higher in value at its all-time high of 39%.
However, its lowest point of the month was on September 21, when the token fell to a value of $1.98. Here, we saw a decrease of $1.11 or by 35%.
With this in mind, we can expect ADA to grow to $2.77 by the end of October, and this makes it a solid purchase.
Should you buy Polkadot (DOT)?
On October 5, Polkadot (DOT) had a value of $31.51.
To get an idea of its growth potential, we’ll be comparing it to its performance last month and it’s all-time high value.
DOT had an all-time high on May 15 with a value of $49.35. Here, we can see that DOT’s all-time high is $17.84 or 56% higher in value than its value on October 5.
On September 8, the token had the lowest point of value at $25.78.
That being said, on September 14, it raised its value to its highest point at $38.16. Here we can see that the token grew in value by $12.38 or by 48%.
With this in mind, we can expect the token to reach $39.38 by the end of October, making it an interesting purchase.
The post Top tokens to buy in early October 2021: BNB, ADA, and DOT. appeared first on Invezz.
from Market Analysis – Invezz
