Best Crypto to Buy Now October 13 - Threshold, Frax Share, Aptos

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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.

On Friday, Bitcoin and various other cryptocurrencies faced challenges as they marked their fourth consecutive session of decline. This decline was primarily triggered by lower-than-expected inflation figures in the United States, increasing the dollar index and treasury yields. This, in turn, diminished sentiment for the riskier asset class.

Best Crypto to Buy Now

The global cryptocurrency market capitalization also decreased, dropping to approximately $1.04 trillion during this period. This decline amounted to roughly 0.5% within the last 24 hours. In addition, total trading volumes also experienced a significant reduction, falling by about 13% to reach $22.64 billion. In light of this, the following tokens still hold the potential for an upward trend.

Global Crypto Market Cap Chart

1. Threshold (T)

Threshold (T) is a decentralized platform created from the KEEP Network and NuCypher projects. Both of these projects are committed to developing sustainable, blockchain-based privacy solutions. The Threshold platform offers and maintains a suite of cryptographic tools catering to various decentralized applications (dApps).

Moreover, it aims to establish an accessible global digital economy with a strong emphasis on privacy and security. This proposed focus on privacy and security makes it an attractive prospect for long-term investors.

Threshold introduces its native token, T, which serves as a utility token for the Threshold Network and a governance token for the Threshold DAO. In addition, Threshold (T) currently holds a position within the top 100 tokens by market capitalization.

Since its inception, the coin has exhibited substantial growth, delivering favorable returns to early investors in 2021. This growth is partly attributed to the team’s ongoing initiatives, underscoring the project’s long-term potential. Thus, Threshold’s (T) future outlook is promising, with the potential for further expansion due to its real-world use cases.

A new edition of the Threshold Time newsletter just dropped! https://t.co/Be3D3MRswS

The highlight 🧵:

𝙈𝙞𝙡𝙚𝙨𝙩𝙤𝙣𝙚 𝙢𝙞𝙣𝙩: A Threshold community member deposited a record 1,000 #BTC into @tBTC_project, pushing the total supply to 2,167 tBTC. 🎉 https://t.co/synFovpylI

— Threshold Network ✜ (@TheTNetwork) October 11, 2023

The price of the Threshold token is estimated to reach a maximum price of $0.092 by 2023, with an average price hovering around $0.086. However, this is with the assumption that the broader cryptocurrency market follows anticipated trends.

2. Frax Share (FXS)

Frax Share (FXS) is a decentralized fractional-algorithmic stablecoin system currently implemented on the Ethereum blockchain. The project aims to achieve a stable value equivalent to one US dollar (USD) by employing a combination of algorithmic and collateralized mechanisms.

Frax has recently unveiled its v3 platform, designed to create a more comprehensive yield curve by connecting different treasury yields over varying timeframes. With the on-chain cost of capital on the rise, crypto asset allocators may look to Frax’s high-risk-free yields for guidance. The platform aims to provide a clearer picture of risk-free yields in the crypto market by integrating various treasury yields at different durations at different durations.

As of the most recent data, the price of Frax Share (FXS) is trading at $5.46. The price chart suggests an accumulation phase near the previous breakout level, indicating a renewed bullish sentiment. In addition, the breakout above the 50-day Exponential Moving Average (EMA) might propel the price to test the 200-day EMA, a significant technical milestone.

We’d appreciate all fraximalist and frax friends voting for our $ARB grant proposal on @arbitrum 🙏

This will allow Frax to incentivize many pairs including Fraxlend liquidity and partnership pools. 🤝 https://t.co/4sCQamQDDM

— Frax Finance ¤⛓️¤ (@fraxfinance) October 6, 2023

FXS crypto recorded a 24-hour trading volume of $36.32 million, representing an 80.20% increase compared to the previous day. With a market capitalization of $405.71 million, Frax Share’s token occupies the 72nd position in the cryptocurrency market ranking. Moreover, the volume-to-market cap ratio currently stands at 9.02%, suggesting moderately high market volatility.

Experts have also expressed optimism as the maximum anticipated price for Frax Share is approximately $20.51. This prediction is based on the broader performance of the cryptocurrency market.

3. Aptos (APT)

Aptos operates as a Layer 1 Proof-of-Stake (PoS) blockchain and leverages the Move smart contract programming language. The primary goal of Aptos is to foster mainstream adoption of web3 and establish a robust ecosystem of decentralized applications (DApps) capable of addressing real-world challenges. Moreover, Aptos’ PoS blockchain boasts an impressive theoretical throughput of over 150,000 transactions per second (tps) thanks to its parallel execution capability.

Aptos Coin is experiencing a significant bullish trend in 2023. According to price projections, APT Coin’s maximum expected price is approximately $22.40. Hence, experts anticipate positive growth, with a potential average price of $19.77 by the end of 2023. In the event of a bearish market trend, it’s estimated that the minimum price for APT Coin in 2023 could hover around $17.13.

3/ @AptosLabs, in partnership with @NBCUniversal, conjured up a unique fan experience for the upcoming reboot of horror film classic, The Exorcist. Spine-chilling thrills take newer, immersive heights on Aptos! 🎬👻https://t.co/LiS3hYq2v6

— Aptos (@Aptos) October 11, 2023

Aptos is currently valued at $4.86, with a 24-hour trading volume of $71,064,183. Likewise, the circulating supply of APT coins is 244,445,533, while the maximum supply remains undisclosed.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix has introduced a cloud mining platform to address common concerns among everyday crypto users. These concerns include the high costs of hardware and deceptive scams that have discouraged people from venturing into Bitcoin mining.

Furthermore, the platform employs a decentralized approach, utilizing the “Stake-to-Mine” concept. This approach allows users to stake their BTCMTX tokens in exchange for cloud mining credits, ensuring a secure and transparent mining experience.

One noteworthy aspect of Bitcoin Minetrix is its user-friendliness. Users require only an Ethereum-compatible wallet, such as MetaMask, to purchase and stake BTCMTX tokens. By staking these tokens, users can earn non-tradable ERC-20 token credits, which can be utilized to acquire BTC cloud mining power.

Opting for #BitcoinMinetrix for hassle-free mining! ⛏

With cloud mining, say goodbye to concerns about reselling equipment.#BTCMTX manages upgrades, this allows users to concentrate on their $BTC venture without the hassle of aging hardware. pic.twitter.com/qnaIY32gP7

— Bitcoinminetrix (@bitcoinminetrix) October 12, 2023

The Bitcoin Minetrix (BTCMTX) presale has recently crossed the $1 million milestone, demonstrating resilience in the face of broader market trends. Over the past few days, the presale has witnessed increased activity, indicating that some investors may be reallocating their funds from underperforming assets. With three days remaining before the next price increase, the presale currently offers the token for $0.011, potentially allowing investors to enter at an early stage.

Visit Bitcoin Minetrix.

5. Bitget Token (BGB)

The Bitget Token (BGB) is the native utility token of the Bitget centralized cryptocurrency exchange (CEX). It was introduced in its updated form in July 2021 as a payment method within the Bitget ecosystem.

BGB carries several utility functions for platform users, including staking, social trading, profit sharing, and accessing discounts on trading fees. In addition, it grants users entry to the platform’s launchpad and launchpool offerings.

Moreover, BGB offers trading fee discounts of up to 20%, exclusive rewards, and promotions. Furthermore, BGB facilitates profit-sharing through Bitget’s flagship product, Copy Trade. This allows for early access to projects on the launchpad or the opportunity to stake and acquire tokens from the launchpool.

In recent news, Bitget Wallet has announced a strategic partnership with Sunflower Land, a crypto farming game in the blockchain-based gaming space. This collaboration aims to provide users with a unique gaming experience while solidifying Bitget Wallet’s presence in the cryptocurrency industry.

🩵x🌻 #BitgetWallet is thrilled to announce our collaboration with @0xSunflowerLand!

👩‍🌾 Discover Sunflower Land, gather resources, earn SFL and expand your land! There is a robust ecosystem of crops, fruit, animals, crafting, cooking, tools, and fishing for you to master!

👀… pic.twitter.com/Evq2dYxMoX

— Bitget Wallet 🩵 (@BitgetWallet) October 9, 2023

The partnership between Bitget Wallet and Sunflower Land seeks synergy that benefits both platforms and users. Players can now access the immersive gaming experience of Sunflower Land directly from the Bitget Wallet interface. This integration also enables Bitget Wallet users to explore the world of crypto gaming while enjoying the convenience and security for which Bitget Wallet is renowned.