Best Crypto to Buy Now October 19 - dYdX, Injective, Helium

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‘What is the best crypto to buy right now‘ is a common question asked by investors – in this article, we explore a range of tokens to watch.

Data from on-chain intelligence firm Chainalysis reveals that the United Kingdom ranks third globally in cryptocurrency transaction volume. This places it behind the United States and India, occupying the top two positions in crypto transactions. The UK is the largest cryptocurrency economy within the Central, Northern, and Western European (CNWE) regions, receiving an estimated $252.1 billion in cryptocurrency payments.

Best Crypto to Buy Now

According to the analysis by Chainalysis, the UK is witnessing increased cryptocurrency activities, likely driven by more adoption, investment, and usage of digital assets. Thus indicating that cryptocurrencies have gained traction as a means of payment and investment within the country.

Global Crypto Market Cap Chart

1. dYdX (DYDX)

DYDX (dYdX) is the governance token for the Layer 2 protocol of a non-custodial decentralized cryptocurrency exchange. This token facilitates the operation of Layer 2, enabling various users to participate in the community-driven development of the protocol actively.

The Layer 2 protocol, built on Starkwire’s StarkEx scalability engine, primarily serves as a platform for trading cross-margined perpetual. This scalability solution improves transaction speed, eliminates gas costs, reduces trading fees, and lowers the minimum trade sizes on the platform. Thus highlighting its place as the next crypto to buy now.

Furthermore, dYdX is a cryptocurrency exchange that seamlessly amalgamates advanced financial tools with decentralization. It supports margin trading, a financial product that empowers investors to gain exposure to digital assets through leverage.

In addition, dYdX offers isolated margin trading, which enables users to allocate specific funds for a trade. Likewise, it provides cross-margin trading, which uses all assets in a trader’s account.

Derivatives let you speculate on an asset without having to hold it and are the core offering of dYdX 🦔

Not familiar with how this work? Check out our learning academy article on leverage:https://t.co/PO879K4i0k

— dYdX (@dYdX) October 18, 2023

Experts expect DYDX to have a good run in the current year. According to predictions, DYDX may reach a maximum price of approximately $5.13 as the broader cryptocurrency market regains value.

Moreover, the average price projection for DYDX Coin in 2023 is estimated to be around $4.53. Nonetheless, it is essential to recognize that cryptocurrency markets are subject to fluctuations. In the event of a significant bearish trend, the minimum price value for DYDX in 2023 could be around $3.92.

2. Injective (INJ)

Injective (INJ) has experienced a significant price increase today, driven by recent developments within the layer-1 blockchain. Over the past 24 hours, the altcoin’s price has seen a 2.57% rise, with intraday highs reaching $8.17 earlier in the day.

This price surge comes after a prior peak in April 2023, when INJ reached $9.40 before undergoing a decline. Notably, in 2021, INJ achieved its all-time high of $24.89.

Injective’s recent price gains can be attributed to the milestones achieved by the network over the past week. Notable developments include the integration of the platform with the NFT marketplace Dagora and the introduction of a new Launchpad known as InjMarket.

Injective (INJ) offers essential financial infrastructure components that applications can leverage. These include a fully decentralized, MEV-resistant, on-chain order book. Furthermore, all financial markets, spanning spot, perpetual, futures, and options, are fully integrated on-chain. The cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains such as Solana.

Join the Injective community call this Thursday for a conversation with @Levana_protocol, a perpetuals exchange dApp that recently launched on Injective to bring real yield.

⏰ Mark on your calendar: Oct 19, 3PM UTC
🥷Tune in: https://t.co/LFGR8IfSOg pic.twitter.com/zqVo4OxsJg

— Injective 🥷 (@injective) October 18, 2023

Injective also provides a highly interoperable smart contract platform based on CosmWasm, boasting advanced interchain capabilities. It is custom-built using the Cosmos SDK and operates on a Tendermint-based Proof-of-Stake consensus mechanism. Thus ensuring instant transaction finality and rapid performance with a capacity exceeding 10,000 transactions per second (TPS).

Present predictions suggest that the maximum price of Injective could reach approximately $16.79 as the crypto market recovers. Thus suggesting that it is the best cryptocurrency to buy now. However, in a downturn, the minimum price is expected to be $12.84 by 2023.

3. Helium (HNT)

Helium is a blockchain-based network that primarily aims to enhance the communication capabilities of wireless Internet of Things (IoT) devices. The project primarily targets device owners and individuals interested in the IoT domain, offering financial incentives to attract more participants.

Furthermore, the Helium network employs a consensus algorithm called “proof-of-coverage,” based on the HoneyBadger BFT protocol. This innovative algorithm allows network nodes to reach consensus even when dealing with highly variable connection quality.

The project’s overarching goal is to create a decentralized, blockchain-based network that enables IoT devices to interconnect seamlessly with minimal interference. The developers and community investors are collectively striving to enhance the value of Helium Coins in the future.

According to price predictions, the maximum anticipated price for Helium Coin by the end of 2023 is approximately $4.27. Likewise, the expected average trading price under stable market conditions is $3.86. These predictions emphasize Helium as the best crypto to buy now.

1/3 #Helium is a community-built Network that helps solve real-world problems. 🌐

— Helium🎈 (@helium) October 12, 2023

At present, Helium’s price is $1.46, with a 24-hour trading volume of $804,212. In addition, Helium holds the #117 ranking on CoinMarketCap, boasting a live market cap of $209,587,347. Moreover, the circulating supply of HNT tokens is 143,934,821, and the maximum supply is capped at 223,000,000 HNT coins.

4. Launchpad XYZ (LPX)

Launchpad XYZ offers a range of products within the Web 3.0 investment domain, including utility tokens, NFTs, and ICOs. It aims to simplify the Web 3.0 experience for newcomers and seasoned investors through their ecosystem.

The core of Launchpad XYZ’s approach centers on comprehensive analysis, insights, sentiment analysis, and data provision. Their ultimate goal is to provide crypto investors, regardless of their experience level, with valuable information to enable well-informed decisions.

Learn from seasoned traders and gain valuable crypto insights with #LaunchpadXYZ

It’s time to expand your trading horizons 💡💼 #CryptoTrading #Web3 #Crypto #Altcoins pic.twitter.com/kT6fo9icZs

— Launchpad.xyz (@launchpadlpx) October 18, 2023

The native token of the Launchpad XYZ ecosystem is LPX, which serves multiple purposes, particularly for users staking a minimum of 10,000 LPX tokens. These users gain access to a range of premium features, including reduced trading commissions on the Launchpad XYZ decentralized exchange.

Furthermore, LPX token holders are guaranteed access to new NFT mints at competitive prices and early access to exclusive presales. In addition, users are offered discounts on products and services provided by Launchpad XYZ partners.

For those holding a minimum of 10,000 LPX tokens, early-bird access to play-to-earn games in beta mode is also provided. Hence, users can monitor game development and make informed decisions regarding in-game crypto tokens.

Launchpad XYZ is also developing a decentralized exchange (DEX) to facilitate basic exchanges and specific perpetual contracts. This development will enable traders to engage in leverage and short sales. As such, LPX token holders will enjoy reduced trading fees on the Launchpad XYZ exchange, enhancing the utility and value of LPX tokens.

LPX token has gained traction and success thus far, potentially as the best crypto to buy now. For investors interested in the ongoing 12% bonus, the LPX token is priced at $0.0445 per token, with a listing price of $0.0565.

Visit Launchpad XYZ presale.

5. Render (RNDR)

The RNDR token price has undergone a significant shift in trajectory, signalling a reversal and an upward move within a rising parallel channel. This suggests an increased interest from buyers.

Moreover, the price action further indicates their efforts to gain control over the market, possibly looking to confine bearish activity. The RNDR token has successfully breached the 20-day Exponential Moving Average (EMA) resistance. Thus contributing to the token’s current momentum.

In recent sessions, the RNDR token price has undergone a correction, retracing back to the demand zone at $1.30. Sellers’ attempts in this zone proved unsuccessful, leading to a resurgence in buying momentum and the ongoing reversal. This reversal has ample room for further growth, with bulls targeting the significant round level of $2.00.

Furthermore, Render Token’s popularity has played a part in artificial intelligence technologies. Investments in productive AI tools, such as Chat-GPT, have experienced a substantial increase in 2023, surpassing the figures from 2022 and 2021, with total investments amounting to $14.1 billion.

This week’s main @RenderNetwork highlights covering GPU-accelerated, AI-Augmented Spatial Media and community — #renderdigest: ⬇️

— The Render Network (@rendernetwork) October 13, 2023

In summary, the recent price action and market trends of the RNDR token indicate a reversal with heightened buyer interest. Moreover, the potential for further gains places it as the best cryptocurrency to buy now.