While the market cools off slightly, smart investors are taking the opportunity to load up on the best altcoins in anticipation of a further leg higher in the coming weeks and months. ETF traction is building, and we’ve uncovered three of the best altcoin projects to take advantage of the next pump.
Examining their growing ecosystems, bullish developments, and possible catalysts, these three—Dogizen, Cardano, and Avalanche—look like the perfect addition to any crypto portfolio. Let’s explore why.
The three best altcoins to buy in October
- Dogizen
- Cardano
- Avalanche
Dogizen prepares to rival Hamster Kombat
Dogizen is about to unleash a storm in the tap-to-earn (T2E) world, and its presale, launching tomorrow, on the 24th of September, is the event to watch. Dogizen finally answers Telegram founder Pavel Durov’s call for a dog-themed contender to follow in the footsteps of Catizen, and its travel adventure-style game has quickly become one of the most anticipated new games on the platform.
T2E games have exploded in popularity this year, with Hamster Kombat surging to over 300 million players—around a third of Telegram’s user base—and Catizen securing more than 7 million daily active users within months of its launch.
These games, driven by their simplicity (all you need is a smartphone and the Telegram app), have taken off in places like Nigeria and the Philippines, where they’ve opened the door to massive crypto adoption. Now, Dogizen is set to take this trend to the next level.
In Dogizen, players take their canine companions on global adventures, completing tasks in cities like Paris and Tokyo to earn TREATZ, the game’s in-game currency. These tokens can be spent on upgrades, boosts, and special items to accelerate idle earning power, with dedicated players receiving daily care packages packed with rewards.
The stakes are high: the more TREATZ you rack up, the better positioned you are for a potential airdrop, which could see early players netting thousands in crypto. And with plans to develop an entire Telegram arcade that could draw millions of players into its orbit, the Dogizen presale, launching tomorrow on the 24th of September, represents an incredible under-the-radar opportunity.
Hamster Kombat is set to list on Binance just two days later on the 26th, and the timing for Dogizen’s presale couldn’t be better. Early backers of DOGIZEN will be able to play a role in the game’s governance and receive a slice of the game’s future revenue—itself a chance to earn substantial passive earnings as Dogizen becomes more popular.
With the Telegram ecosystem booming—the DOGS meme coin recently broke records after 17 million users claimed their coins—Dogizen has a real shot at becoming one of the biggest names in T2E gaming history. Don’t miss what could be one of the best altcoins to buy in October.
Head to the official Dogizen website to learn more.
Cardano enters the Voltaire era after major upgrade
Cardano has been gaining attention as one of 2024’s best altcoins after its recent Chang hard fork. The upgrade, completed in early September, marks Cardano’s transition to its Voltaire era, the last phase of its development.
This era focuses on decentralized governance, including forming a constitution and the Interim Constitutional Committee and implementing an on-chain voting mechanism. Technical improvements include boosting transactions per second (TPS) from around 250 to over 1,000 TPS and enhanced security protocols.
While there are no immediate plans for Cardano ETFs, the recent approval of Ethereum ETFs and the potential for a Solana ETF—already given the green light in Brazil—bode well for Cardano. Institutional interest in altcoins is increasing, and Cardano could still benefit without its dedicated ETF.
Beyond these factors, the Cardano ecosystem is growing. There are now more than 3.5 million active wallets on the network, 1,000+ decentralized apps (dApps) live, and almost $200 million in total value locked (TVL) on-chain. Holding steady as the 12th most valuable crypto project, with a $12 billion market cap, Cardano remains a solid contender as one of the top altcoins of 2024. However, impressive gains are unlikely due to its enormous market cap and lack of development.
Avalanche set to leverage strong DeFi growth
Known for its low-cost, high-speed alternative to the leading layer-1 network, Ethereum, Avalanche has also been under the spotlight recently. Using a multi-chain architecture, Avalanche can process up to 4,500 TPS, with transaction finality achieved in under two seconds.
These features have made Avalanche the perfect choice for several of its partners. Konami launched an NFT project on Avalanche, while Pressman Film is using the network to transform entertainment financing. Even Deloitte is leveraging Avalanche to process government payments.
Like Cardano, there are no current plans for Avalanche ETFs, though some speculate one could be approved in 2025. Either way, the broader legitimization of altcoins in the eyes of regulators and institutions is likely to impact AVAX positively.
In the meantime, Avalanche’s on-chain metrics appear bullish. The chain recently crossed 1.5 billion cumulative transactions, regularly clocking in 1 million daily transactions. It’s also building its presence in the DeFi space, with over $880 million in current TVL—propelled by the Avalanche Rush program, designed to incentivize AVAX DeFi projects’ production.
The 13th most valuable project at a $9.6 billion market cap, several notable partnerships, and a budding ecosystem, Avalanche is one of October’s best altcoins to buy.
