This October, there are several altcoins in the cryptocurrency market that have shown compelling potential and deserve investors’ attention. These include PEOPLE, Celestia (TIA) and Uniswap (UNI).
PEOPLE coin, as the token of ConstitutionDAO, has been closely related to the plan to purchase a copy of the US Constitution since its birth. Although the plan failed, the market position of PEOPLE currency was not greatly affected. At present, the trading price of PEOPLE currency is relatively stable and continues to attract the attention of investors. As the concept of a decentralized autonomous organization (DAO) is accepted by more people, the value of PEOPLE coins is expected to further increase. It has a large market capitalization, good liquidity, and an active community, which are its potential advantages.
Celestia (TIA), a project that has seen a significant increase in value recently, is expected to have $1.1 billion worth of TIA tokens unlocked on October 31st. These tokens will be distributed to the project’s core contributors, developers, and investors in Series A, Series B, and Seed rounds. While the unlocking may increase selling pressure in the market, the TIA token’s strong performance and positive feedback from the community may provide support. Analysts believe that TIA has the potential to become a key player in the modular blockchain space.
Uniswap (UNI), as a leading decentralized exchange (DEX) project, Uniswap V4 is expected to be launched in the last quarter of this year, which may drive the price of UNI tokens higher in October. The new version introduces a number of key features, such as "pegs" for customizable liquidity pools, singleton contracts to reduce gas fees, and flash accounting to improve transaction efficiency. These upgrades are expected to improve Uniswap’s trading experience and efficiency, which may have a positive impact on the price of UNI. The UNI token is trading at $7.46, up 28% in the last month, showing strong market momentum.
Investors considering these altcoins should be aware of the volatility of the cryptocurrency market and the risks inherent in any investment. Investors are advised to conduct sufficient research and make decisions based on their own risk tolerance and investment objectives.