Best Crypto to Buy Now October 24 - Conflux, SingularityDAO, Filecoin

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Each day, we review some picks for the best cryptos to buy now based on the latest market movements, blockchain news and trending narratives.

On Monday, Bitcoin (BTC) reached a new high for the year, surging beyond $34,000, driven by growing optimism about the potential approval of a spot Bitcoin ETF for U.S. investors. Within the past 24 hours, these price gains have resulted in $327 million worth of liquidations across the crypto market.

Best Crypto to Buy Now October

Bitcoin’s current trading price is $34,187.10, exceeding its previous yearly high of $31,400, recorded on July 13. Notably, this previous surge was prompted by the excitement surrounding Ripple’s legal victory against the Securities and Exchange Commission (SEC).

Global Crypto Market Cap Chart

The recent Court of Appeals ruling has formally instructed the SEC to reconsider Grayscale’s application for a spot Bitcoin ETF, a decision that many believe the agency is now inclined to accept.

1. Conflux (CFX)

Conflux (CFX) distinguishes itself as a public blockchain designed to power decentralized applications (dApps), e-commerce, and the evolving landscape of Web 3.0 with a focus on scalability, decentralization, and security.

This blockchain simplifies the transfer of valuable assets, offering speed, efficiency, low transaction costs, and freedom from network congestion.

Conflux’s technical architecture incorporates the innovative Tree-Graph consensus mechanism, blending Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus.

It’s compatible with Ethereum’s EVM, making it accessible to developers. The CFX native token plays a central role, incentivizing participation and governance within the network. Conflux’s interoperability through ShuttleFlow sets it apart, enabling seamless asset transfer to various blockchains.

With a focus on secure and scalable dApp development, Conflux, supported by its robust consensus algorithm, promises a brighter future in the crypto space. However, as with any investment, careful evaluation is crucial to determine its suitability for your portfolio.

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— Conflux Network Official (@Conflux_Network) October 23, 2023

Today’s live Conflux price is $0.131471, with a 24-hour trading volume of $79,336,504. Conflux is up 16.91% in the last 24 hours. The current CoinMarketCap ranking is #79, with a live market cap of $441,928,102. It has a circulating supply of 3,361,418,926 CFX coins; the maximum supply is unavailable.

2. SingularityDAO (SDAO)

SingularityDAO, the DeFi component of the SingularityNET AI Ecosystem, introduces an innovative fusion of Decentralized Finance (DeFi) and advanced Decentralized Artificial Intelligence (AI) to streamline entry into the crypto economy.

Its pioneering creation, the decentralized DynaSets, redefines token baskets by allowing dynamic, non-custodial, and AI-guided management. These AI-backed DynaSets can adapt to market conditions, employing long and short-trading strategies while automatically rebalancing holdings.

This unique blend of professional traders and cutting-edge AI creates a fully decentralized ecosystem, embodying the spirit of true DeFi. With a research team comprising world-class AI scientists and quant strategists, SingularityDAO leverages Machine Learning and Neural Networks for trading strategies, signaling, and automated algorithms.

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— SingularityDAO (@SingularityDAO) October 20, 2023

Its mission is to simplify crypto access and democratize advanced AI-driven trading, which, given its visionary approach, merits consideration as a potential addition to one’s investment portfolio. However, due diligence and a thoughtful investment strategy are always advisable.

Today’s live SingularityDAO price is $0.388656, with a 24-hour trading volume of $579,320. SingularityDAO is down 0.38% in the last 24 hours. The current CoinMarketCap ranking is #468, with a live market cap of $32,154,720. It has a circulating supply of 82,733,204 SDAO coins and a maximum supply of 100,000,000 SDAO coins.

3. TG.Casino ($TGC)

TG.Casino presents itself as a Telegram-based crypto casino and betting platform offering anonymity and a rich gaming experience. A diverse selection of games and sports betting options eliminates the need for KYC verification or account setup, catering to users’ privacy.

The $TGC token plays a central role, providing players with a 25% cashback on losses and access to exclusive games while serving as the primary mode for rewards and promotions.

With a well-received presale raising nearly $1.5 million in just over three weeks and a robust utility for the token, TG. Casino demonstrates potential.

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— TG Casino (@TGCasino_) October 24, 2023

The casino has several noteworthy advantages over platforms like Stake, Rollbit, and BC. Game. Its unique staking mechanism sets it apart, providing an excellent opportunity for users to generate passive income. Almost $10 million worth of $TGC tokens, equivalent to 80% of all tokens sold in the presale, have already been staked.

Additionally, TG. Casino distinguishes itself from traditional Web2 online gaming sites by avoiding KYC verification, enabling anonymous betting, and accepting various casino payment methods.

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4. Filecoin (FIL)

Filecoin is a decentralized storage solution with a lofty mission to safeguard humanity’s vital data. Initially raising $205 million in a 2017 ICO, it faced delays but officially launched its mainnet in October 2020.

As an open-source and community-governed project, Filecoin integrates seamlessly with the Interplanetary File System (IPFS), where $FIL tokens power data storage and distribution.

Using a unique blend of proof-of-replication and proof-of-spacetime, its blockchain enables efficient, decentralized file storage, differentiating it from centralized cloud storage giants.

By offering users the ability to store data securely and monetize their storage capacity, Filecoin champions data accessibility and integrity while incentivizing participants to be honest custodians through block rewards.

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— Filecoin (@Filecoin) October 23, 2023

It’s worth considering for investment due to its innovative approach to decentralized data storage and retrieval, aligning with the broader trend of data ownership and security in the digital age. Nonetheless, due diligence and a balanced investment strategy are always advisable.

Today’s live Filecoin price is $3.92, with a 24-hour trading volume of $211,121,232. Filecoin is up 15.05% in the last 24 hours. The current CoinMarketCap ranking is #30, with a live market cap of $1,803,133,839. It has a circulating supply of 460,268,252 FIL coins; the maximum supply is unavailable.

5. Celer Network (CELR)

Celer emerges as a promising blockchain interoperability protocol designed to revolutionize the multi-chain DApp landscape. It focuses on delivering a seamless user experience by granting access to various blockchain applications, including DeFi, GameFi, NFTs, and governance, all through one-click interactions.

Developers can leverage Celer’s Inter-chain Messaging Framework to construct inter-chain native DApps, promoting efficient liquidity usage, coherent logic, and shared states.

What makes Celer noteworthy for potential investors is its commitment to simplifying multi-blockchain ecosystems through a user-friendly, single-transaction UX, sparing users from complex manual interactions across multiple chains.

Its innovative approach to interoperability and state guardianship enhances the robustness and efficiency of cross-chain transactions, which aligns with the growing demand for seamless integration in the crypto space. While it holds potential, due diligence and a balanced investment strategy are essential in the volatile crypto market.

https://twitter.com/CelerNetwork/status/1715311004270436514

Today’s live Celer Network price is $0.013375, with a 24-hour trading volume of $4,581,372. Celer Network is up 6.58% in the last 24 hours. The current CoinMarketCap ranking is #248, with a live market cap of $103,571,843. It has a circulating supply of 7,743,424,107 CELR coins and a maximum supply of 10,000,000,000 CELR coins.