4 Altcoins for October 2021
In this episode of BeInCrypto’s Video News Show, host Jessica Walker takes a look at our pick for the four altcoins of October.
Number one on our list of altcoins for October 2021 is LUNA. We’ve included it before in our reviews, but the reason it makes the top of the list this time is its progress in the market cap rankings. With over $13 billion, it is now the 14th largest cryptocurrency in market cap, and we think it could keep moving higher.
Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.