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We'll take a look at a few buy-now contenders that you might want to add to your watchlist in the coming days .
Fortunately, the pessimism in the cryptocurrency market is slowly fading. So what are the best currencies to buy now?
New cryptocurrency projects are now looking for opportunities that give them the best chance of success in the future. One of the pre-sale projects described below is implementing a Bitcoin mining solution that could change the way investors engage in cryptocurrency mining.
Global Cryptocurrency Market Cap Chart
Details of the project and how users can participate are described below. Meanwhile, the cryptocurrency market is currently experiencing an amazing recovery. According to CoinMarketCap, market sentiment reached 64 today and the global market cap is back at $1.4 trillion. Bitcoin breached the $27.5K mark earlier today and there is speculation that it will return to the $30K range by the end of the quarter. With the market back in full swing, here are some of the best cryptocurrencies you can buy early.
1. Jersey (link)
As market sentiment towards cryptocurrencies improves, demand for offline information also improves. Chainlink is one of the leading decentralized word networks in the cryptocurrency space. Over $522.83 million worth of Chainlinks was traded in the past 24 hours, representing a 33% increase in trading volume during that period.
In addition, LINK's price has risen by 8% in the past 24 hours. As a result, the token is trading near the $8.23 resistance level and has made several attempts to break out of the range. Interestingly, if LINK breaks above the resistance at this level, the signal could move to the $10 range or higher.
Is LINK one of the best cryptocurrencies you can buy right now? Analysis of the LINK chart reveals some fascinating data. First of all, the token has gone from a negative trend to an increase of more than 23% in the past year. In addition, the current price is showing high momentum, trading above the 200-day moving average.
Investors should note that LINK has recorded 17 positive days in the last 30 days, outperforming 81% of other cryptocurrencies on the market. Therefore, investors should monitor LINK's trend on a quarterly basis.
In contrast, LINK's current circulating supply is only 55% of the total supply, so it faces future price fluctuations. Unfortunately, it does not include price reduction measures to prevent new tokens from entering the market. Therefore, investors should research and analyze LINK trends before taking long-term positions in the stock.
2. Aptos (APT)
Despite APT's long-term decline, could Aptos be one of the best cryptocurrencies you can buy right now ? Aptos has recently started making unexpected moves on the network. The number of transactions increased to 1.3 million transactions per day. Therefore, a continuous upward trend appears on the chart.
At the time of writing, APT has risen by more than 4.61% in the past 24 hours, bringing the price to $5.30. The token is expected to rise by the end of the month, which means it could surpass $6 by the end of next week.
In addition, analysis of the APT chart shows that it is currently approaching the top of the cycle, which represents the best time for traders to enter.
#AptosOne was the beginning of Graphio...want the party to continue 🤔? https://t.co/irxfB1xqMb
– Aptos Laboratories (@AptosLabs) October 20, 2023
While some indicators point to APT's future potential, some weaknesses may still hinder its success. For example, resistance at $5.35 could stop APT's gradual advance. Investors should pay attention to this area because it determines the future value of the tokens.
Moreover, APT's indirect supply is only 6.7% of the total supply. Therefore, future token issuances will put downward pressure on the price, which could cause the price to fall. Therefore, investors considering APT should be prepared for short-term protection.
3. Multiversus (EGLD)
MultiversX is now back after months of hiatus. The symbol has been trading sideways for the past 30 days and there are strong indications that it could move higher by the end of the weekend.
In fact, EGLD has seen more green days than red days over the past seven days. This indicates that market sentiment towards the symbol is gradually moving towards confidence. Moreover, the price of EGLD has increased by about 8% in the past 24 hours.
Its progressive benefits make it one of the best cryptocurrencies you can buy right now. Therefore, investors should follow the trends of EGLD because the current price will decrease significantly.
4. Solana (c)
Solana is on its way to becoming one of the best cryptocurrencies to buy. It has recorded over 16 million transactions in the last 30 days, making it one of the top altcoins. On today's chart, SOL price is up 9% above $29. Thus, SOL broke the $27 resistance level and headed towards the $31 range. Much of the current price movement is due to a commitment to improving the ecosystem.
Blockchain must be scalable, fast and frictionless.
Hear from @orca_so co-founders @rawfalafel and @oritheorca how Solana's low latency and high throughput allow them to focus on building their product 🐋 #onlypossibleonSolana
— Solana (@solana) October 20, 2023
Investors looking to take advantage of the market rebound should add SOL to their watchlist. It is currently one of the most successful cryptocurrencies. In fact, they represent more than 70% of the coins on the market. Additionally, the current SOL trend may remain positive for some time based on long-term moving averages and current prices.
On the other hand, SOL investors should pay attention to price inflation as the supply of tokens in circulation increases. Coincodex estimates SOL's inflation rate at 17%, and this assessment may cause the price to decline in the future.
4. Bitcoin Minitrix (BTCMTX)
Bitcoin mining could be one of the best cryptocurrency investments right now, as the price is expected to rise several times after the halving next year.
However, the cost of setting up a Bitcoin mining machine is now prohibitively expensive. Projects like Bitcoin Minetrix aim to level the playing field.
Discover #BitcoinMinetrix: the solution to expensive hardware and fraud in the $BTC mining industry. 💡
Say goodbye to stress with #BTCMTX.
Decentralized, secure and transparent mining. 🔒⛏️ pic.twitter.com/giIjnuzVEz
— Bitcoinminetrix (@bitcoinminetrix) October 21, 2023
What Bitcoin Minetrix did was give everyone the ability to own a part of a massive mining system through its cryptographic model. Overall, Bitcoin Minetrix offers cloud-based Bitcoin mining and allows users to own a part of this project via the $BTCMTX token.
At the time of writing, $BTCMTX is on pre-sale and investors can own it for $0.011. The project goal is to raise $2,317,000. The platform has paid out over $1,937 and there are only 11 days left for the token price to rise.