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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.
The crypto market in the last 24 hours has shown some unexpected trends. The price of Bitcoin, for example, has crossed the $28k mark, and there are speculations that it might hit the $30k benchmark before the end of the quarter.
Similar trends can also be seen across most altcoins. Hence, what are the best crypto to buy now?
Best Crypto to Buy Now
As the crypto market continues its recovery, emerging projects are also pushing for visibility. One sector that’s received growing interest this year is artificial intelligence. The sector has attracted billions of dollars in investor interest.
Global Crypto Market Cap Chart
Also, Crypto opportunities in the AI sector include the yPredict project, which is still in the presale phase. The project has attracted millions of dollars via its presale efforts, and it is preparing the grounds to launch in the first quarter of 2024. The details of the YPredict project are included below.
1. Render Token (RNDR)
Render Token has spent most of the year below its highest price, Y2D. Even though the crypto market had high hopes for the performance of RNDR this year, the expected price pump was short-lived. Hence, many are wondering if RNDR is one of the best crypto to buy now. And another question that’s making rounds is about the prospects of RNDR in the fourth quarter.
Generally, the RNDR chart shows that the token often swings into bearish trends toward the end of Q4. However, RNDR data has maintained an uptrend in the meantime. It printed 3% gains in the early hours of today with a corresponding 30% increase in trading volume. However, the sudden adjustment in price is not typical of Render Token as the overall outlook in the last 24 hours has been positive. The performance results from a recent push to improve the performance of the platform.
This week’s main @RenderNetwork highlights covering GPU-accelerated, AI-Augmented Spatial Media and community — #renderdigest: ⬇️
— The Render Network (@rendernetwork) October 13, 2023
Presently, the RNDR price revolves around the $1.88 range. The improving market outlook may push the price of the asset towards the $2 mark. But, the resistance in that range will likely force the token into a reversal. Hence, it’s best to watch the price action closely. A drop in the price of RNDR gives investors the opportunity to buy the dip towards the first quarter of 2024. Usually, RNDR often prints its best performance towards the end of Q1.
2. Bitcoin Cash (BCH)
Bitcoin Cash often follows the trends of Bitcoin. Earlier today, Bitcoin printed over 3% gains, raising its price slightly above $28k. Similarly, BCH recorded about 2% increase in price and over 160% increase in trading volume. Is BCH the best crypto to buy now?
The performance of Bitcoin and its forks indicate that investors need to watch the assets closely. As the crypto market anticipates the next bull run and Bitcoin halving, the chance of an increasing price is even higher.
Currently, BCH is printing impressive performance, and the bullish signals are quite strong. A basic analysis of its charts reveals that its price remains way above its 200-day moving averages, indicating a bullish trend. Likewise, BCH has seen 15 green days in the last 30 days, a trend that shows the growing interest in the asset.
Furthermore, BCH continues to boast high liquidity and performance that’s above 91% of top-ranking cryptocurrencies, including Ethereum and Bitcoin.
Nonetheless, certain oscillators, including the MACD, indicate impending bear pressure. Hence, BCH may face some pessimism toward the end of the quarter. Overall, investors should keep a close watch on BCH. It may become one of the best-performing tokens this quarter.
3. Polygon (MATIC)
The MATIC bulls are responding positively to the current crypto market trends. The price of MATIC is up by about 3% today, raising the price of the asset to $0.53. Similarly, the trading volume of MATIC has seen an increase of over 50% in the last 24 hours. However, contrary to the opinion of many, it’s unlikely that MATIC will attain a way back $1 price this year.
Despite the MATIC downtrend in recent times, the Polygon network continues to push for innovative solutions. It’s a Zero Knowledge rollup. Miden VM recently released an update that’s said to equip the platform with new features and improvements.
Polygon Miden is the novel ZK rollup designed to extend the EVM’s feature-set.
On Miden, users can generate their own state transitions, giving the network privacy and throughput upgrades not achievable by rollups designed for EVM compatibility.
For an update on progress to… pic.twitter.com/RxmriVWNsc
— Polygon Foundation (@0xPolygonFdn) September 29, 2023
The current price of MATIC is largely discounted, especially as the fourth quarter draws to a close. Investors should consider it as one of the best cryptos to buy now. Nonetheless, it is best to watch the performance of the asset in the coming days before making a move, as its performance in the past 30 days indicates that it might drop lower in the coming days.
4. MX TOKEN (MX)
MX is the native token of the MEXC Exchange. The value of the token has been growing below the radar, with its current price reaching up to $2.55. In the last 24 hours, the MX token has seen a price increase of over 8%, making it one of the biggest gainers in the top 500 cryptocurrencies.
Despite the recent downturn in the crypto market, MX has shown resilience by printing impressive data. For instance, its price has increased by over 190% in the last 52 weeks. Similarly, its current price has consistently remained above its 200-day moving averages.
Besides, MX has printed 19 green days in the last 30 days, and there is a high probability that it will end the quarter with more impressive numbers.
Ultimately, MX is one of the best cryptos to buy now. However, medium-level liquidity remains the challenge of the token. Also, its current circulating supply is only 9% of its total supply. Conversely, MEXC has a deflationary strategy in place to curb the challenge of token release.
5. YPredict (YPRED)
As Q4 glides to an end, yPredict launch becomes more imminent. The project aims at decentralizing access to market data, a move that will dramatically reduce the learning curve for new traders.
Additionally, yPredict features artificial intelligence tools that are geared toward helping traders attain optimal performance and enhance their profitability.
🚀 Dive into the exciting world of crypto trading with #yPredict! 🤖
Our cutting-edge AI and machine learning tech empowers traders with invaluable insights for better-informed decisions and increased profit potential. Plus, we open doors for AI enthusiasts to monetize their… pic.twitter.com/ZtWFZVxJV6
— yPredict.ai (@yPredict_ai) October 17, 2023
As a crypto-based project, the yPredict team is offering everyone a chance to become a part of the revolutionary trading solution via its presale program. Interestingly, over 20,000 investors have committed over $4 million to the project. Hence, the project is off to a good start.
While many crypto presales in recent times are targeted towards degen investors, yPredict is more focused on creating a platform that solves a real problem and provides utility. And on the other hand, it’s backed by a strong team with vast experience in crypto trading and artificial intelligence.
Consequently, crypto investors should keep an eye on these projects. It may be at the forefront of the crypto AI sector. At press time, investors can still own YPRED for as low as $0.1. YPRED is the native token of the yPredict platform. The yPredict presales website provides more information about the project, its offerings, and tokenomics.
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