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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched daily on CEX and DEX platforms. Many tokens have passed through our scrutiny furnace, and only the best have emerged. Find more of such tokens in our previous posts.
Red candles on a chart could be either a nightmare or an opportunity for an investor or trader. The crypto trade and investment game is about timing, but it is also about token quality. Some digital assets offer more safety and opportunity than others at a given time.
Fortunately, we have curated a list of tokens that are presently at their best and will make suitable additions to your portfolio and watchlist.
Best Crypto to Buy Now
Crypto’s less-than-satisfactory run since the beginning of the year is predicted to end soon. Many factors have contributed to the unimpressive situation in the cryptocurrency market. The hawkish oversight and litigious interactions with several institutions have stifled the growth of digital assets. Unfortunately, inflation continues to weigh down the market.
Global Crypto Market Cap Chart
Even though the market has not reached its expected potential, many cryptos and NFTs have still managed to be high-yielding commodities. This article highlights some of the coins currently promising profits according to real-time market data.
1. Monero (XMR)
Monero (XMR), introduced in 2014, holds a straightforward yet critical objective: to enable private and anonymous transactions. While it is commonly believed that Bitcoin (BTC) can provide some degree of anonymity, the transparent nature of blockchain technology often allows payments to be traced back to their origins. Monero, in contrast, is meticulously designed to obfuscate the identities of both senders and recipients by leveraging advanced cryptographic techniques.
The development team behind Monero places privacy and security at the forefront of their priorities, with user-friendliness and efficiency following closely behind. The ultimate goal is to offer robust protection to all users, regardless of their level of technological expertise.
In summary, Monero (XMR) seeks to facilitate fast and cost-effective payments, all while ensuring that transactions remain shielded from censorship and maintain the utmost privacy and anonymity.
2. BNB (BNB)
Binance, established in July 2017, is the world’s largest cryptocurrency exchange when measured by daily trading volume. Binance’s core mission revolves around elevating cryptocurrency exchanges to the forefront of global financial activities. The very name “Binance” is a fusion of “Binary Finance,” reflecting the emergence of a new financial paradigm.
Beyond its status as the leading global cryptocurrency exchange, Binance has fostered an extensive ecosystem of services and functionalities for its users. The Binance network encompasses several key components, including Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research initiatives. These various projects harness the capabilities of blockchain technology to usher in a new era of financial solutions. The Binance Coin (BNB) plays a pivotal role in the seamless operation of many of these Binance sub-projects.
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Whether you’re looking for funding or some advice, we’re here to support you in developing the next superstar project on BNB Chain.
Fill out this interest form and we’ll reach out!https://t.co/d4zJfUabnt pic.twitter.com/exDKjfxJcD
— BNB Chain (@BNBCHAIN) October 6, 2023
3. 1inch Network (1INCH)
The 1inch Network is a comprehensive ecosystem of decentralized protocols that collaborate to provide users with the most efficient, secure, and rewarding operations within the DeFi space.
The inaugural protocol within the 1inch Network is a decentralized exchange (DEX) aggregator. This innovative solution scours multiple liquidity sources to locate the most favorable deals, often offering users superior rates compared to individual exchanges. The 1inch Aggregation Protocol employs the Pathfinder algorithm to identify optimal paths across more than 300 liquidity sources spread across 10 different chains, including Ethereum, BNB Chain, Polygon, Avalanche, and others. Remarkably, the 1inch DEX aggregator has amassed over 1 million users and facilitated more than $150 billion in trading volume on the Ethereum network alone, all within just over two years.
In September, #1inch again raised the #DeFi bar!
🔧 The 1inch Swap API was integrated with @TrustWalletApp.
🏎️ The ‘Need for Swap’ competition was launched.
📲 The #1inchWallet on #iOS & #Android got major upgrades.
Learn more in our monthly summary: https://t.co/8prwRCZFPJ pic.twitter.com/gZImLaa8rv
— 1inch Network (@1inch) October 3, 2023
The 1inch Liquidity Protocol is a next-generation automated market maker (AMM) designed to shield users from front-running attacks while providing attractive opportunities for liquidity providers.
Facilitating innovative and flexible limit order swap functionalities in DeFi, the 1inch Limit Order Protocol boasts features such as dynamic pricing, conditional orders, and additional RFQ support. These capabilities enable various implementations, including stop-loss, trailing stop orders, and auctions.
The 1inch Wallet is a versatile, multichain mobile platform with an intuitive interface, secure storage, transaction capabilities, and staking features. It was developed to simplify interactions with 1inch’s extensive array of services.
The 1INCH token is central to the 1inch Network as its governance and utility token. Holders of 1INCH tokens can stake them to participate in the 1inch Network’s DAO governance, including managing the 1inch DAO Treasury. Additionally, token holders can choose resolvers and earn some of their fees.
The 1inch Fusion feature allows users to stake 1INCH tokens to receive Unicorn Power (UP) and delegate their UP to any 1inch Fusion Resolver. This delegation enables them to earn rewards from the resolver. When staking, users can set custom or preset lock periods, and it’s important to note that staked 1INCH tokens cannot be withdrawn without penalty until the designated lock period elapses.
In terms of funding, 1inch has secured significant support. In December 2020, it raised $12 million in Series A funding through a sale of SAFT (a simple agreement for future tokens). The round was led by Pantera Capital and featured participation from ParaFi Capital, Blockchain Capital, Nima Capital, Spartan Group, and others.
In December 2021, 1inch closed a substantial $175 million Series B round, with Amber Group leading the funding effort. Approximately 50 investors, including notable names like Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital, and Gemini Frontier Fund, participated in this significant financing round.
4. Launchpad XYZ (LPX)
Launchpad XYZ is a noteworthy contributor to the DeFi (Decentralized Finance) landscape. This presale token project strives to achieve essential milestones and reward early investors. Its appeal and desirability are on the rise as it approaches its culmination.
The platform has garnered significant attention in cryptocurrency, with its presale inching closer to an impressive $1 million milestone. This achievement underscores the platform’s substantial growth potential and investors’ confidence in its prospects. During its presale phase, Launchpad XYZ is available at a rate of $0.0445, drawing the interest of investors eager to participate before it becomes accessible on various exchanges.
Start planning your path to financial success with #LaunchpadXYZ! 🌟
Start taking control of your trading before the next #BullMarket! 💼 #CryptoAlpha #Trading #Web3 pic.twitter.com/l7NtimgtDn
— Launchpad.xyz (@launchpadlpx) October 5, 2023
The swift and escalating interest, coupled with growing demand for the unique features offered by Launchpad XYZ, has pushed its presale towards a rapid sellout. Investors who recognize the platform’s potential actively engage with the community to leverage its distinctive offerings. This project could evolve into a noteworthy cryptocurrency with significant growth prospects.
A central tenet of Launchpad XYZ‘s philosophy is its strong focus on user-centricity. The platform is committed to equipping traders with essential information, empowering them to make informed decisions about their cryptocurrency investments. Launchpad XYZ provides real-time data and valuable insights into market sentiment across a range of assets, positioning itself as a valuable resource for traders navigating the dynamic landscape of cryptocurrency. This unwavering commitment to user empowerment and data-driven decision-making is at the core of Launchpad XYZ’s mission.
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