Maker

Pendle

Arbitrum

Synthetix

<h4 style="color: #252525;">October is shaping up to be a special month within the crypto industry. First, Bankman-Fried’s trial is nothing but the spectacle we expected it to be. We will most likely get more controversies from this case throughout the month.</h4>
But let’s not get distracted. The real reason we are in crypto is to find ourselves the right investment opportunities. So amidst all the drama, our focus remains on finding our “October <a href="https://www.altcoinbuzz.io/?s=gems" target="_blank" rel="noopener noreferrer nofollow">hot coins</a>.” And by that, we mean finding suitable projects to invest in this month. Are you thinking about drawing up your list? This article will show you a couple of projects we think should be on your list and why.
<h5 style="color: #252525;">1) PENDLE</h5>
The first on our list for October is <a href="https://www.pendle.finance/" target="_blank" rel="noopener noreferrer nofollow">PENDLE</a>. And there’s nothing strange about Pendle because the project has shown real potential over the last couple of months. Pendle is the only DeFi protocol that has maintained an impressive TVL despite the market movement. 
In addition, Pendle runs on sustainable economics and has a team that has shown its dedication to growth over the last couple of months.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 ICYMI: The chads at <a href="https://twitter.com/pendle_fi?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@pendle_fi</a> introduced a Leaderboard to track the most profitable traders!
 This is a step-by-step guide on how to outperform and maximize your yield. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/gOXCFu4pyi" rel="noopener noreferrer nofollow">pic.twitter.com/gOXCFu4pyi</a>
 — Emperor Osmo<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9ea.png" alt="🧪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Flowslikeosmo) <a href="https://twitter.com/Flowslikeosmo/status/1710037391258599934?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 5, 2023</a>
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Furthermore, Pendle’s recent RWA integration has made the protocol a must-watch.
<h5 style="color: #252525;">2) MKR</h5>
<a href="https://makerdao.com/es/" target="_blank" rel="noopener noreferrer nofollow">Maker (MKR)</a> is another project that has captured the attention of the cryptocurrency community, largely because of its recent surge. Maker’s outstanding financial success has been impressive. Maker is one of the largest revenue-generating DeFi protocols, with an annualized revenue of $193 million.
The main source of this income is interest earned from DAI minters, with Real World Assets (RWAs) accounting for a sizeable amount of it.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 It seems like <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ARB</a> whales are bullish with <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MKR</a>.
 We spot 2 whales that keep selling <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MKR</a> while having a large balance of <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MKR</a>.
 1/ Whale 0x509
 14 hours ago, he sold 1.7M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ARB</a> for 906 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($1.48M), earning $73K profit.
 Then, he quickly bought 872 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MKR</a> ($1.24M) at $1422.
 2/… <a href="https://t.co/g6mE0KB1NA" rel="noopener noreferrer nofollow">pic.twitter.com/g6mE0KB1NA</a>
 — The Data Nerd (@OnchainDataNerd) <a href="https://twitter.com/OnchainDataNerd/status/1709796413872455883?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 5, 2023</a>
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Maker saw a large number of transactions in September, shortly after the US Fed announced a rate pause. Interestingly, Maker recorded a 6-month peak on October 2. 
The 8% DAI savings rate has been of huge appeal to institutional investors. And we expect Maker to remain a hot topic throughout October.
<h5 style="color: #252525;">3) GMX</h5>
We might be seeing a lot of liquidity on GMX pretty soon. And that’s because GMX recently <a href="https://www.binance.com/en/news/flash/7811494" target="_blank" rel="noopener noreferrer nofollow">applied</a> to Arbitrum for a grant. The application focuses on building diversified perpetual and spot pools with capital efficiency and increased liquidity.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 GMX has successfully integrated Chainlink’s new low-latency oracles, Data Streams, for the full launch of GMX V2 on Arbitrum mainnet. On-chain trading continues to evolve, and just became a lot faster! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fad0.png" alt="🫐" class="wp-smiley" style="height: 1em; max-height: 1em;">
 Try it out here: <a href="https://t.co/Gey8jmzfwr" rel="noopener noreferrer nofollow">https://t.co/Gey8jmzfwr</a> <a href="https://t.co/YdJ8CVoEYG" rel="noopener noreferrer nofollow">https://t.co/YdJ8CVoEYG</a>
 — GMX <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fad0.png" alt="🫐" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@GMX_IO) <a href="https://twitter.com/GMX_IO/status/1708931740394266952?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 2, 2023</a>
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We recently listed <a href="https://gmx.io/#/" target="_blank" rel="noopener noreferrer nofollow">GMX</a> as one of the tokens whales are interested in. And whales’ interest in GMX doesn’t come as a surprise. GMX has everything it needs to succeed, and we could be seeing high numbers pretty soon.
<h5 style="color: #252525;">4) Synthetix (SNX)</h5>
<a href="https://synthetix.io/" target="_blank" rel="noopener noreferrer nofollow">Synthetix</a> is one of the tokens that has the stage set for a performance this month. Synthetix V3 is getting closer. Also, there’s likely to be an expansion to Base with ETH as the collateral asset against synthetic debt.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 It's claim day at Synthetix! Not sure how to get your staking rewards?
 1⃣ Click "Claim your rewards" 2⃣ Confirm the transaction <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4cc.png" alt="📌" class="wp-smiley" style="height: 1em; max-height: 1em;"> Remember: sUSD rewards auto-burn every Wed.
 C-Ratio below target? Burn sUSD or stake more SNX.
 Learn more &amp; claim today <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/QGj7isKvRz" rel="noopener noreferrer nofollow">https://t.co/QGj7isKvRz</a> <a href="https://t.co/tuNALqhC5O" rel="noopener noreferrer nofollow">pic.twitter.com/tuNALqhC5O</a>
 — Synthetix <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2694.png" alt="⚔" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@synthetix_io) <a href="https://twitter.com/synthetix_io/status/1709646100670669157?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 4, 2023</a>
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<h5 style="color: #252525;">5) FRAX (FXS)</h5>
<a href="https://frax.finance/" target="_blank" rel="noopener noreferrer nofollow">FRAX</a> is one of the cryptos billed to perform strongly during the next bull run. But a poor FRAX supply has badly affected its performance in recent times. However, all that could change soon as FRAX V3 will introduce RWA collateral and yield distribution.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 FRAX is the All-Weather Stablecoin for Every Financial Climate <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2614.png" alt="☔" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;">
 FRAX v1: Protocol regulates CR based internal conditions
 FRAX v2: Protocol regulates CR utilized DeFi primitives on-chain
 FRAX v3: Protocol at 100% CR captures best yield opportunities on and off-chain <a href="https://t.co/o6qAsDOkCc" rel="noopener noreferrer nofollow">pic.twitter.com/o6qAsDOkCc</a>
 — Decentralized Finance David (¤,¤) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f338.png" alt="🌸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DeFiDave22) <a href="https://twitter.com/DeFiDave22/status/1710081669104078944?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 5, 2023</a>
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These are our coins for this list. The month is already set. We have another list containing some “hot coins” that’ll make October a <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/crypto-events-to-watch-in-october-2023-part-1/" target="_blank" rel="noopener noreferrer nofollow">good month</a> crypto-wise. But remember, these are merely suggestions and not investment advice.
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<h5>Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</h5>
The post <a rel="noopener noreferrer nofollow" href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/5-altcoins-to-100x-a-portfolio/">5 Altcoins to 100X a Portfolio</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

5 Altcoins to 100X a Portfolio

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