Crypto Coins You Should Watch For October 2022

With the market conditions being chaotic, some traders and investors are still afraid to enter and buy crypto coins again.

At this time, the movement of the market is still unclear. Although in the past few days, there has been an increase. This raises doubts traders to log back in.

The cryptocurrency and blockchain industry continues to move forward despite the uncertainty in the market. But, there are some crypto coins worth your attention during October 2022. 

List of Crypto Coins Worth Counting October 2022

Let's examine three crypto coin projects that will be very interesting to participate in the next few days during October 2022.

Tezos (XTZ)

Tezos is a blockchain platform for smart contracts using a consensus mechanism Proof-of-Stake. Tezos' native asset is called XTZ, and is used for staking and paying transaction fees on the network.

The Tezos blockchain was designed with a focus on governance and expandability, so it can quickly adopt new technologies when appropriate. For example, the Tezos blockchain can be upgraded without going through a hard fork.

Tezos has received 9 major upgrades. Currently, the Tezos community is in the process of testing an upgrade called Jakarta, which will introduce an experimental implementation of the optimistic rollup, among other changes.

The Tezos blockchain was launched in 2018, and the project raised over $200 million worth of BTC and ETH through a very successful initial coin offering (ICO) in 2017. At the time of writing this article, XTZ was priced at IDR 21,000 which experienced a decrease of 3 percent over the past 24 hours.

Optimism (OP)

OP is a governance token created by Optimism, a Layer-2 scaling solution for the Ethereum blockchain. Optimism has created a governance structure consisting of two groups of tokens.

Both groups contribute to project governance, and help determine how the revenue generated by the Optimism platform is distributed to drive further growth.

OP token holders participate in the Token House, and vote on issues such as distribution of incentives, protocol improvements, and handling of treasury funds.

In the coming days, it will also be interesting to see if the OP Optimism token can see some relief in the market.

The token has lost around 20 percent of its value in the last month despite some positive developments within the Optimism ecosystem. As of October 3, 2022, the OP price is at IDR 12,763.

Also read: Definition of BEP20 and examples of tokens

Chainlink (LINK)

Chainlink is a decentralized oracle network that connects blockchain-based smart contracts with high-quality off-chain data. This enables a wide variety of decentralized applications which would be impossible without oracle.

For example, decentralized finance applications can use Chainlink to access data about cryptocurrency prices on centralized exchanges, which is useful for applications such as crypto-backed stablecoins and synthetic tokens.

Oracle Chainlink is also capable of supplying verifiable random numbers to smart contracts, which makes them useful for blockchain-powered games and NFT collections that require randomness in their printing process.

This platform is widely used on various blockchain platforms. According to the website Chainlink, the total value of crypto coin assets deposited into the market using the Chainlink oracle exceeds $37 billion. As of October 3, 2022, LINK's price is IDR 108,893.

Also read: Get to know Sollet, the Solana Token Wallet

Remember, this article is not investment advice. You are advised to do your own research before buying the crypto assets we mentioned above.

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