- Cryptocurrency prices have staged a strong recovery recently.
- Chainlink, Theta Network, TFUEL, and Cosmos have upcoming catalysts.
Cryptocurrencies had a strong performance in October as signs of a Fed pivot emerged. Bitcoin rose above $20,000 while the total crypto market cap surged to over $1 trillion. Here are some of the best cryptocurrencies to buy that have an upcoming catalyst.
Chainlink (LINK)
Chainlink price has had a strong performance in the past few weeks. LINK price rose by more than 25% from its lowest level in October, bringing its total market cap to over $3.8 billion.
Chainlink has two key catalysts that could push its price higher. First, the developers are working with SWIFT Society for cross-chain protocol. Swift will use Chainlink for its cross-chain interoperability protocol (CCIP). It will make it possible for SWIFT messages to instruct on-chain token transfers and make it communicate with the blockchain.
LINK price will also react to the upcoming launch of Chainlink 2.0. Chainlink 2.0 will introduce a decentralized oracle service, which will introduce staking. Staking will make it significantly expensive for users to manipulate the Chainlink node. Therefore, there is a likelihood that the coin will rise towards the launch.
Theta Network (THETA) and TFUEL
Theta Network price rose by as much a 35% between its lowest and highest points in October. Similarly, TFUEL price rose by over 65% in the same period. This price action is likely because of the upcoming Metachain launch that will happen in December. The developers launched the Metachain testnet in October.
Theta Metachain will change how the network works. For one, it will be an interconnected network of blockchains that will allow permissionless horizontal scaling. As a result, it will enable a customizable, highly scalable blockchain for Web3 businesses. Therefore, there is a likelihood that both Theta Network and TFuel prices will rise towards the upgrade.
Cosmos (ATOM)
Cosmos price has done well in October. ATOM rose by more than 34% from its lowest level in October. A key catalyst for Cosmos will be the upcoming launch of dYdX Chain. The chain will be similar to Cronos, which is owned by Crypto.com. It will be a smart contract platform that makes it possible for developers to build apps.
Another catalyst for ATOM price will be the upcoming launch of Cosmos 2.0. The new version of the network will focus on infrastructure focused on interchain security. The white paper also proposed ways to boost the ATOM price. Other key parts of the network will be Interchain Scheduler and Interchain Allocator. This makes ATOM one of the best cryptocurrencies to buy.
