Cryptocurrency analysts name the top cryptocurrencies of October that can increase investors' profits by 20 times

Editor’s note: not financial advice!

Cryptocurrency analysts have identified 3 altcoins that have a chance to succeed in the next bull market. The list includes: Lido DAO, Arbitrum, and Stacks.

Lido DAO (LDO) is the main cryptocurrency contender in the rating, trading at $ 1.54 at the time of writing. LDO is a Lido governance token with a maximum supply of 1 billion tokens.

LDO is used to reward users on the network. It also grants holders governance rights in the Lido DAO, allowing them to participate in the governance process by voting on certain decisions. The more LDO tokens they have, the more voting power they have.

However, with a market capitalization of $ 1.4 billion, LDO can still be called undervalued given its position in the decentralized finance (DeFi) sector. According to analysts, in a bull market, LDO’s market capitalization could exceed $ 30 billion, which would mean more than 20 times the return on investment from the current price level.

Arbitrum (ARB) — dominates the second-tier altcoins on Ethereum. According to experts, ARB made it to this list due to the network’s performance over the years. Out of all the second-tier Ethereum networks currently in play, Arbitrum leads the way in terms of both total blocked value and daily trading volume.

This puts it ahead of networks like Optimism (OP), Avalanche (AVAX), and Polygon (MATIC), which have been around for just as long. However, Arbitrum has the lowest market capitalization. It amounts to $ 1.08 billion. Arbitrum’s performance even in a bear market shows that the token can be among the top 10 cryptocurrencies in a bull market.

Stacks (STX) — analysts believe that the digital asset has a serious potential for sustainable growth in the foreseeable future. This is largely due to the fact that the project is based on the innovative consensus algorithm Proof-of-Transfer.

The market capitalization of STX is still quite low at only $ 715 million, especially considering that it allows developers to use smart contracts on the BTC network. This offer ensures that Stacks will always be in the field of view of investors, making it a «billion-dollar token» that can easily bring 20 times the profit.

Recently, trader and crypto analyst Jackis said that the crypto market is approaching a recovery after the depression phase, so the tokens of large ecosystems will grow 10 times. The expert singled out such tokens as Avalanche (Avax), Solana (SOL), Polkadot (DOT), and Arbitrum (ARB).