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According to cryptocurrency experts, Polkadot, Solana, Polygon and Elrond are brewing their high rise in October.
Polkadot is likely to show strong growth after the developers add parachain auctions to the blockchain. However, the specific date of the update still remains unknown.
The main advantage of Polkadot is that it is not only a cryptocurrency, but a multi-platform for combining multiple blockchains into a global decentralized network. The Polkadot token jumped in value by more than 1000% during the year.
Cryptocurrency analysts consider Solana another promising altcoin in October. Today, users are actively turning to Solana's layer-1 blockchain because of its ability to make instant and affordable transactions.
Experts believe that in the short term, Solana may appear on the top list of the fastest-growing altcoins, outperform Cardano and even repeat Ethereum's bullish success that happened four years ago. If we forget about forecasts and refer to cold facts, Solana is really switching to the uptrend and strives for its all-time high.
Polygon also became one of the favorite cryptocurrencies among users. It is showing impressive results this fall. Notably, the secret of Polygon's popularity is extremely simple. The speed of this second-layer network is much higher. At the same time, commissions are lower than those of the leading Ethereum network. At the end of September, the users' love for Polygon was confirmed by the statistics. For the first time in history, the number of active addresses of the Polygon network exceeded the number of Ethereum's active addresses.
Finally, Elrond concludes the list. This altcoin is likely to begin a robust growth in the very near future amid the launch of many new decentralized applications. Elrond's blockchain platform can process up to 15,000 transactions per second with their instant confirmation. In addition, the network is actively used to create highly productive and reliable applications using smart contracts.
Last month, the digital asset jumped by nearly 30%, and its market cap rose to $4 billion.
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