Best Crypto to Buy Now October 8 - Axie Infinity, Aptos, Perpetual Protocol

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‘Best crypto to buy now’ is one of Google’s most searched cryptocurrency-related terms, and InsideBitcoins lists some options daily. As a well-researched topic, we have prior articles covering more coins.

There is no permanence in the cryptocurrency market. The charts are constantly changing, and positions are switched almost daily. For this reason, investors and traders cannot be satisfied with only a set of coins. They make an effort to keep up with the changes.

Our list featuring the best cryptocurrencies on the market keeps concerned parties updated on trends, potentials, and market analysis.

Our daily posts on the subject come in handy, especially at this time when the cryptocurrency market is very unpredictable. This article shines a light on the path of investors and traders.

Best Crypto to Buy Now

Keen attention to the market emphasizes the struggles of cryptocurrency this year. Challenges have bedeviled the industry, and the dwindling funding for the industry is the most recent hurdle.

Global Crypto Market Cap Chart

However, this situation is not fatal; it worries the giant cryptos and exchanges. Nevertheless, some altcoins that have a life jacket are promising high-yielding potential. We have listed some of these altcoins.

1. Axie Infinity (AXS)

Axie Infinity is a blockchain-based trading and battling game with a distinct player-owned and operated model. Taking inspiration from popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, nurture, battle, and trade unique creatures known as Axies.

Axies come in various forms, with over 500 body parts available, categorized into aquatic, beast, bird, bug, plant, and reptile types. Each body part falls into one of four rarity scales: common, rare, ultra rare, and legendary. Axies are created by combining different body parts, resulting in highly variable and often rare and unique creatures.

Each Axie is a non-fungible token (NFT) with distinct attributes and strengths. They can engage in 3v3 battles, where the victorious team earns experience points (exp) that can be used to level up an Axie’s statistics or evolve their body parts. Additionally, Axies can be bred together, giving rise to new and unique offspring that can be utilized in the game or sold on the Axie marketplace.

Xia is the newest starter axie to join the arena, but being an old war buddy of Olek and Paladin, he’s slain more than his fair share of chimera! ⚔️ pic.twitter.com/VUovME155p

— Axie Infinity (@AxieInfinity) October 8, 2023

The Axie Infinity ecosystem features its governance token, Axie Infinity Shards (AXS). Holders of AXS tokens can participate in essential governance decisions, granting them a voice in how funds from the Axie Community Treasury are allocated and utilized. This unique player-driven model sets Axie Infinity apart in blockchain-based gaming.

2. Aptos (APT)

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that introduces an innovative smart contract programming language called Move. This unique programming language is based on Rust and was independently developed by engineers from Meta (formerly Facebook), specifically for the Diem blockchain.

Aptos is guided by a vision of bringing mainstream adoption to the web3 space and enabling a thriving ecosystem of decentralized applications (DApps) to address real-world user needs.

One of Aptos’s notable features is its PoS consensus mechanism, which enables the blockchain to achieve a theoretical transaction throughput exceeding 150,000 transactions per second (tps) through parallel execution.

In March 2022, Aptos successfully raised an impressive $200 million in a seed funding round, with leading participation from the venture capital firm Andreessen Horowitz (a16z). This round also saw contributions from prominent crypto entities like Tiger Global and Multicoin Capital. A few months later, Aptos conducted a Series A funding round in July that generated another $150 million, led by Sam Bankman-Fried’s FTX Ventures and Jump Crypto.

We’re back at it—with a bigger, more haunting collaboration that you won’t soon forget! 👀👻

Aptos Labs and @NBCUniversal are taking horror fans on an immersive journey into the chilling world of #TheExorcistBeliever.

Get ready for a spine-tingling experience, built on Aptos. https://t.co/gdzDAgdMCr

— Aptos Labs (@AptosLabs) September 28, 2023

Continuing its journey, Aptos received a strategic investment from Binance Labs, although the amount remains undisclosed. This strategic move elevated Aptos’s valuation to an impressive $4 billion as of September.

The significant milestones continued as Aptos announced the mainnet launch on October 18, 2022, with the Aptos genesis event on October 12, 2022. These developments underscore the growing recognition and interest in Aptos within the blockchain and crypto community.

3. Bitcoin BSC (BTCBSC)

The Bitcoin BSC project is a unique fusion of Bitcoin’s core value proposition and the innovative capabilities the Binance Smart Chain (BSC) platform provides. This presale token introduces an advanced staking mechanism, emphasizing efficiency, sustainability, and investment potential. Furthermore, it strongly emphasizes recognizing and rewarding long-term token holders as a token of appreciation for their unwavering support of the platform. These distinctive characteristics firmly position the presale token as a standout player in the cryptocurrency landscape.

Attention #BitcoinBSC Community! 🚨

Beware of fake accounts.

Never share personal details.

Double-check profiles & website links.

We never initiate first contact.

Your security is paramount. Stay safe! 🛡️ pic.twitter.com/CLkuQU47hF

— Bitcoinbsc (@Bitcoinbsctoken) October 7, 2023

Operating as a BEP-20 token on the Binance Smart Chain, Bitcoin BSC places significant importance on staking as a viable and environmentally friendly alternative to traditional Bitcoin mining practices. Holders of $BTCBSC tokens can generate passive income by participating in the staking process, with rewards directly tied to the number of tokens staked. This innovative concept closely mirrors Bitcoin’s original block reward structure, introducing a layer of familiarity to this novel approach.

One standout feature of Bitcoin BSC is its environmentally conscious Stake-to-Earn model, offering a sustainable alternative to Bitcoin’s resource-intensive Proof-of-Work mechanism. This model aligns with Bitcoin’s historical milestones, including its extended issuance schedule spanning approximately 120 years and its block confirmations dating back to April 2011.

Within the Bitcoin BSC ecosystem, staking rewards are determined by an individual’s stake in the staking pool and the prevailing Annual Percentage Yield (APY). This unique and innovative model promotes decentralization and active community participation, ensuring ongoing growth within the token ecosystem.

Bitcoin BSC distinguishes itself by actively encouraging long-term holding and active engagement within the community through staking. It empowers its community members to play an integral role in network expansion and sustainability while minimizing their environmental footprint. This project represents a significant evolution of the traditional Bitcoin model, ushering in a new era of environmentally conscious and community-driven cryptocurrency participation.

4. Perpetual Protocol (PERP)

Perpetual Protocol is a decentralized exchange (DEX) tailored for futures trading on Ethereum and xDai. Traders can go long or short with leverage of up to 10X on a growing array of assets, including popular cryptocurrencies like BTC, ETH, DOT, SNX, YFI, and more. One of its fundamental principles is non-custodial trading, ensuring that traders always maintain control and ownership of their assets, with all trading activities taking place on-chain.

Perpetual Protocol employs a virtually automated market maker (vAMM) to provide on-chain liquidity while maintaining predictable pricing through constant product curves. It’s worth noting that their vAMMs are designed to be market-neutral and fully collateralized, enhancing the security and stability of the platform.

Another milestone unlocked:

More than $1million in fees have been distributed!

💡 do you know if you hold $vePERP, you receive liquid USDC every week as part of the fee distribution? pic.twitter.com/vHmHXRV1GD

— Perpetual Protocol (✨🔴_🔴✨) (@perpprotocol) October 5, 2023

The vision of Perpetual Protocol is to establish itself as the world’s premier, highly accessible, and secure decentralized derivatives trading platform. It embraces the “DeFi money lego” ethos by integrating with other DeFi projects and allowing them to build on its platform. As it progresses along its roadmap, achieving milestones such as the launch of staking pools and the implementation of limit and stop-orders, Perpetual Protocol plans to expand to other blockchain networks, introduce leveraged tokens, and implement dynamic liquidity solutions within its pools.