Are SOL, MATIC and FTM the top three tokens to buy in October 2021?
- Solana has one of the fastest-growing ecosystems as of recently and has the potential to grow in value.
- Polygon has increased trading volume by 64% in the last 24 hours.
- Fantom’s trading volume increased by 16% throughout that same span of time.
Solana SOL/USD is a Proof-of-Stake blockchain and home to a large DeFi and Web3 applications ecosystem.
Polygon MATIC/USD is a platform for Ethereum scaling and infrastructure development known for its Polygon SDK framework.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
Fantom FTM/USD is a direct acyclic graph (DAG) smart contract platform that provides developers with decentralized finance (DeFi) services.
Should you buy Solana (SOL)?
On October 18, Solana (SOL) had a value of $157.90.
To get a better perspective as to what kind of value point this is for the token, we will be comparing its all-time high value and its performance in September.
On September 1, the token was at one of its lowest points in terms of value, at $107.07.
When it comes to the all-time high value of the SOL token, it was on September 9 when the token reached a value of $213.47.
At its all-time high, when compared to the value on October 18, the SOL token was $55.57 higher in value or by 35%.
From September 1 to September 9, the SOL token grew by $106.4 or by 99%.
This gives us a perspective of what kind of value the token currently has, and as such, the SOL token has the potential to reach $181 by the end of October, making it a solid purchase.
Should you buy Polygon (MATIC)?
On October 18, Polygon (MATIC) had a value of $1.51.
To get a better perspective as to what kind of value point this is for the token, we will be going over its all-time high value as well as its performance in September.
When it comes to the all-time high value of the MATIC token, it was on May 18 when the token reached a value of $2.62. At its all-time high, the MATIC token was $1.11 higher in value or 73% when compared to the value on October 18.
In terms of the token’s performance in September, on September 5, the token had its highest point of value at $1.77.
On September 21, the token had its lowest point at $1.03. This gives us an indication that the token fell in value by $0.74 or by 41%.
However, from September 21 to October 18, the MATIC token grew in value by $0.48 or by 46%.
This means that by the end of October, the token could potentially reach $1.81.
Should you buy Fantom (FTM)?
On October 18, Fantom (FTM) had a value of $2.17.
Discussing the all-time high value of the FTM token, it was achieved on October 8, when the token had a value of $2.44. This makes its all-time high value only $0.27 or only 12% higher than its value on October 18.
In terms of the performance in September, FTM had its lowest point on September 1, with a value of $0.70.
Its highest point of the month was on September 9, when the token climbed to a value of $1.91. This gives us an indication that the token grew in value by $1.21 or by 172%.
From September 9 to October 18, the token grew by an additional 13% or by $0.26.
That said, FTM has the potential to reach $2.45 by the end of October.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use: