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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched on CEX and DEX platforms daily.
Global cryptocurrency market capitalization currently stands at $1.28 trillion, reflecting a 1.90% intraday decrease. Therefore, signifying a reduction in the collective value of cryptocurrencies in this timeframe.
The last 24 hours have seen the total trading volume in the cryptocurrency market amounting to $46.95 billion, marking a significant 21.27% decrease. This reduction points to the decline in trading activity within the market.
Best Crypto to Buy Now
Within this trading volume, the Decentralized Finance (DeFi) segment accounts for $4.61 billion. This constitutes 9.81% of the total cryptocurrency market’s 24-hour trading volume.
1. Cronos (CRO)
Cronos has gained the attention of investors recently, witnessing a 7.49% intraday increase in value. The coin is priced at $0.067, with a total value of $1.8 billion and a 33rd position in market capitalization. In the last 24 hours, it recorded a trading volume of $18.3 million, making it the best crypto to buy now. Moreover, there are 26.4 billion CRO tokens in circulation out of a total supply of 30 billion.
Cronos operates as a decentralized cryptocurrency on its blockchain, prioritizing fast, secure, and cost-effective global transactions. These features are all implemented while placing a strong emphasis on privacy and security.
Its primary utility token, CRO, grants users access to various services and features within its ecosystem. Notably, Cronos stands out for its scalability, capable of processing a high volume of transactions per second. Thus effectively addressing the prevalent issues of sluggish transaction speeds and high fees within the crypto space.
Some experts anticipate that Cronos (CRO) may exhibit positive performance this year. According to one prediction, Cronos is expected to reach a maximum price of approximately $0.124. This is contingent on the overall cryptocurrency market regaining its value.
Upcoming Cronos AMA Announcement📢
Join us for an eventful Twitter Space to talk about everything relating to Liquid Staking Derivatives on @cronos_chain!
📅Date: 7th November, 1PM UTC
📍Location: Cronos SpacesSet your reminder #CROFam! pic.twitter.com/imUDJFKXcV
— Cronos (@cronos_chain) November 1, 2023
Additionally, the CRO Coin’s average price for 2023 is forecasted to be around $0.109. However, it should be noted that if the cryptocurrency market experiences a significant bearish trend, the minimum price value of CRO in 2023 could be as low as $0.095.
2. Mantle (MNT)
Is Mantle the best crypto to buy now? Mantle (MNT) has garnered significant attention following the launch of its mainnet. As of the latest data available, the live price of Mantle stands at $0.403090, with a 24-hour trading volume of $68,141,278.
Over the past 24 hours, Mantle has witnessed a 3.78% increase. Regarding market cap, it holds the 40th position with a live market cap of $1,251,994,988. The circulating supply of MNT coins is 3,105,990,005, with a maximum supply of 6,219,316,795 MNT coins.
Mantle offers various products and initiatives that leverage its technology. These include Mantle LSD, Mantle EcoFund, EduDAO, and Game7, a consortium involving crypto leaders and gaming experts.
Mantle Journey Update 🏞
4 new verified protocols have been added!
💚 @xyfinance for bridging to & from Mantle Network
💚 @OfficialApeXdex @SwapsicleDEX @circuitprotocol for adding liquidityFollow @MantleJourney for MJ news 🌍
Follow @0xMantleEco for ecosystem news 🪐 pic.twitter.com/FM3vELPBro— Mantle (@0xMantle) November 2, 2023
The project is often compared to Ethereum and is designed with a modular architecture. Thus, allowing it to adapt to the evolving preferences and requirements of users and developers.
3. Launchpad XYZ (LPX)
Launchpad XYZ offers a range of products within the Web 3.0 investment domain, including utility tokens, NFTs, and ICOs. Their primary aim is to simplify the Web 3.0 experience for investors, whether newcomers or seasoned in the field, through their ecosystem.
🌍 Don't just watch the #Crypto revolution; be a part of it! #LaunchpadXYZ is your ticket to becoming a #Web3 pioneer
Ready to explore the new frontier? ⛓️🚀 #LaunchpadXYZ #Crypto #Altcoins pic.twitter.com/YchApleglR
— Launchpad.xyz (@launchpadlpx) November 2, 2023
The core of Launchpad XYZ’s approach centers around providing comprehensive analysis, insights, sentiment analysis, and data. Their ultimate goal is to supply crypto investors, regardless of their experience level, with valuable information to enable well-informed decisions.
The native token in the Launchpad XYZ ecosystem is LPX, and it serves multiple purposes, especially for users who stake a minimum of 10,000 LPX tokens. These users gain access to various 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. This allows users to 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 a result, LPX token holders will enjoy reduced trading fees on the Launchpad XYZ exchange, enhancing the utility and value of LPX tokens.
The LPX token has gained traction and experienced success thus far, potentially making it an attractive option for crypto investors. For those considering the ongoing 10% bonus, the LPX token is currently priced at $0.0445 per token, with a listing price of $0.0565.
Visit Launchpad XYZ presale.
4. Cardano (ADA)
EMURGO, a prominent player in the blockchain technology space, has partnered with Matrixport’s Cactus Custody, a well-regarded institutional custodian. This collaboration aims to offer regulated custody solutions tailored for Cardano’s native assets within the growing Web3 ecosystem.
Moreover, EMURGO’s objective is to address the needs of the expanding community of Web3 developers, dApp enthusiasts, and various businesses. As such, providing them with custody solutions for Cardano’s native assets that comply with regulatory standards.
The significance of this partnership is underlined by Ken Kodama, CEO at EMURGO, who highlights the rapid growth of the Cardano ecosystem. The integration of Cactus Custody is expected to play a pivotal role in delivering robust custodial solutions and enhancing asset protection for enterprises and users.
Day 0 ✅
Day 1 – Starting NOW 🎉#CardanoSummit2023 pic.twitter.com/qGL6leZr5W— Cardano Foundation (@Cardano_CF) November 3, 2023
Moreover, there is a notable correlation between the ecosystem’s total value locked (TVL) and the recent surge in Cardano prices. According to data from DefiLlama, Cardano’s TVL has increased by 28.14% in the past two weeks, reaching $210 million. A substantial portion of this TVL, $97.88 million, is contributed by two major DeFi projects, Minswap and Indigo.
This growth in TVL reflects the increasing adoption of Cardano and the growing trust in the platform. Furthermore, the number of addresses holding ADA for the long term has surpassed 2.7 million. Therefore, this suggests rising optimism regarding ADA’s future price movements and making it the best crypto to buy now.
5. PancakeSwap (CAKE)
PancakeSwap (CAKE) has witnessed a noteworthy price surge, showing a 28% increase and reaching $1.55 in the most recent data. This surge represents a significant movement, pushing the altcoin to its highest price point in the past month.
This remarkable price performance can be attributed to key announcements, placing the coin among the best crypto to buy now. Firstly, the DEX protocol successfully concluded its final round of revenue distribution to participants in its staking program. The amount of CAKE distributed was relatively small (13,977 units). Nonetheless, this is a testament to the DEX’s effectiveness in attracting external community engagement.
Moreover, PancakeSwap made a significant announcement by listing the USD-M CAKE Perpetual Contract on the Binance Exchange. This listing holds substantial significance due to the vast Binance community and the exposure it offers CAKE in the future.
📢 We've decided to halt the Pottery (BETA) product. This decision, driven by CAKE Pool transition and Ultrasound CAKE, aims to ensure the best experience for our users.
✅ The Pottery page remains open for August and September round participants to claim CAKE rewards.
👉More… pic.twitter.com/6PmtNJtETT
— PancakeSwap v4🥞 (@PancakeSwap) November 3, 2023
Furthermore, PancakeSwap shared that its DEX, spanning the V1, V2, and V3 protocols, has achieved a substantial trading volume of $600 billion. This underscores the active participation of retail traders and the 799.16% increase in daily trading volume, which now stands at $127,353,502. Hence, these statistics indicate a considerable level of activity on the platform.
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