October 2022 has gained a new nickname in cryptocurrency circles: ‘Uptober.’ This moniker emerged on social media channels after Bitcoin (BTC) surged past $20,000 in value.
Eagle-eyed observers have also noted a past trend of Bitcoin (BTC) performing well around October each year. Just last year, the coin gained so much value that it surpassed its all-time high, recording a value of over $65,000 by the end of October 2021.
Historically, the performance of Bitcoin (BTC) has been a weathervane for the fluctuations of most other cryptocurrencies. In this article, we’ll analyse the chances of three crypto coins: Big Eyes Coin (BIG), Litecoin (LTC), and The Sandbox (SAND).
By reading this article, you’ll know whether these currencies have the potential to double in value at this profitable time of the year.
Litecoin: Hidden Gem?
Litecoin (LTC) is a low-intensity alternative to Bitcoin (BTC). When compared with the original, it offers many improvements: its circulating supply is quadruple that of Bitcoin (BTC), transactions on its platform are faster, and its block times are significantly speedier.
Litecoin (LTC) was among the first cryptocurrencies established after the launch of Bitcoin (BTC), and has been called the ‘silver’ to Bitcoin’s ‘gold.’ This is an apt comparison, as while gold currently holds a much higher value on the international market, silver has more practical uses, including as a surface for mirrors, by combining it with other metals to make alloys, and even as an antibacterial agent.
In much the same way, Litecoin (LTC) can be seen as the underappreciated sibling of Bitcoin (BTC). It seems high time that this coin found its time in the limelight. The launch of the ‘MimbleWimble’ network upgrade may spur this growth in Uptober.
This new feature will encourage Litecoin’s scalability, and stability and could make the currency much more useable – in other words, you’ll be able to buy more things with Litecoin (LTC), and with greater confidence in its security.
The development team of Litecoin (LTC) were sensible enough to make this feature fully opt-in, so if it’s not your cup of tea, don’t worry. The factors discussed above make LTC a candidate for doubling its value if this year’s Uptober lives up to its promise.
The Sandbox: Enter Sandman
The Sandbox (SAND) is a coin you may never have heard of. But if you haven’t, you will have soon, considering the platform’s impressive array of partners, celebrity endorsements, and future use cases.
The Sandbox (SAND) itself takes the form of a Metaverse game, in which players can explore virtual space, buy plots of digital land, and use their NFTs as in-game avatars and characters.
The Sandbox (SAND) has partnered with or received compliments from a variety of colourful entertainment figures, including the DJ and music producer Deadmau5, the rap musician Snoop Dogg, and even the cooking show Hell’s Kitchen.
In recent news, The Sandbox (SAND) has officially taken on Paris Hilton as a partner and will create a custom Malibu Mansion that fans of the celebrity can explore. Hilton said: ‘I am beyond excited to expand Paris World further into the metaverse.’
As The Sandbox’s impressive development cycle continues to produce more and more expansions to its game world and attract the attention of high-profile influencers, it’s likely that its native token, SAND, has every chance of doubling in value in Uptober.
Big Eyes Coin: Uptober Darling
Big Eyes Coin: Uptober Darling Another high-potential candidate for an Uptober upswing is Big Eyes Coin (BIG), new to the cryptocurrency scene but already making a name for itself in this crammed market.
The mission statement of this platform is to bring cuteness into cryptocurrency and furnish a decentralised hub where wealth is generated by the community, for the community.
Living by its mantra, ‘Cute is Currency,’ the fluffy marketing and easygoing communication have captured the hearts of investors this Uptober. Big Eyes Coin (BIG) is currently in the midst of its hype-machine presale stage.
So far, this has been an unprecedented phenomenon. The presale is pulling in a cool $500k per day on average and has reached a total sale of $8.5M and counting. Watch this space – this Uptober is already being very good to this new meme coin.
Closing Thoughts
Internet meme or not, there appears to be some truth to the idea of an ‘Uptober,’ where coins experience a big uplift in value. Only the future can tell, but as it stands, the three options presented in the above article are good places to start if you want to get in on the action this October.
For more information about Big Eyes Coin (BIG) check out these links:
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
