Best Crypto to Buy Now October 18 - Bitcoin SV, Apecoin, Solana

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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.

XRP, the digital asset affiliated with Ripple, experienced a brief price increase of 3.37% to $0.51055 but quickly retreated to its current value of $0.4903. The price surge was attributed to unverified reports suggesting the SEC approved BlackRock’s iShares Bitcoin spot ETF application. This news rapidly spread through crypto media, resulting in a 10% increase in Bitcoin’s price.

Best Crypto to Buy Now

Global Crypto Market Cap Chart

The Securities and Exchange Commission (SEC) has been investors’ focal point of attention as they anticipate approving Bitcoin exchange-traded funds. Investors are actively seeking the best crypto buy now as they eagerly await the outcome:

1. Toncoin (TON)

TON Foundation has recently established a formal partnership with Telegram, a prominent social media platform within the crypto community. This collaboration aims to integrate and maximize Telegram’s extensive user base of 800 million active users. The goal is to convert 30% of Telegram users, approximately 240 million people, to TON network users by 2028.

Telegram bots have witnessed a surge in popularity, underscoring the platform’s combination of social media and financial opportunities. Thus, the deep integration of TON with Telegram is seen as a significant competitive advantage for the TON network.

Furthermore, the TON Foundation has partnered with Elliptic, a leading blockchain analysis firm, to bolster the security of its ecosystem. Elliptic’s role includes providing greater visibility and security to the TON network. Therefore, this measure is intended to safeguard users within the TON ecosystem and reinforce security.

The TON community has experienced significant growth, with registered accounts on TON increasing by 165%. Moreover, collaborating with Elliptic aims to provide extra security, ensuring TON users are protected from malicious activities. Considering factors such as increased adoption, improved scalability, and new partnerships, TON coin is touted as the best cryptocurrency to buy now.

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— TON 💎 (@ton_blockchain) October 17, 2023

TON Coin’s maximum price level is predicted to reach $4.91 by the end of 2023. However, the minimum price level could dip as low as $3.98 in a bearish market. Nonetheless, expectations are aligned with a bullish rally in the latter half of the year, potentially driving TON Coin’s value higher.

2. Apecoin (APE)

Forj, a subsidiary of Animoca Brands, has unveiled the APE Accelerator, a community-driven initiative generously funded by the ApeCoin DAO. This initiative’s mission is to support projects that contribute to the ApeCoin ecosystem and enhance the utility of ApeCoin (APE).

The APE Accelerator offers aspiring Web3 entrepreneurs the opportunity to connect with the ApeCoin community, which currently boasts over 200,000 members. This platform allows them to present their innovative business ideas to an engaged audience.

ApeCoin (APE) has gained popularity in the crypto space, increasing its utility and making it the best crypto to buy now. The coin’s price is expected to hit a maximum of $11.26 and a minimum of $9.65 by the end of 2023. This price is based on the assumption of a positive crypto market without major bearish trends.

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— ApeCoin (@apecoin) October 18, 2023

However, Apecoin’s price could drop to a minimum of $7.34 if the market becomes bearish. A bullish rally is anticipated during the latter part of the year, leading to a potential rally in the Apecoin’s price.

3. yPredict (YPRED)

YPredict.ai is designed as an AI ecosystem catering to developers, traders, quants, and analysts. It offers comprehensive tools and features to empower informed market decision-making. The platform furnishes real-time trading signals generated by advanced predictive models developed by the top 1% of AI experts.

Furthermore, it provides real-time sentiment analysis for popular cryptocurrencies, allowing users to assess market sentiment and emerging trends. For those engaged in technical trading, YPredict.ai’s AI tools assist in identifying the most effective indicators for their assets. At the same time, automated chart pattern recognition aids in detecting promising patterns on selected coins.

The YPREDS token offers quarterly staking rewards, potentially reaching up to 45%, which surpasses the industry average. Likewise, YPredict.ai offers users discounted access to a range of platforms within its ecosystem. This includes data repositories, prediction platforms, analytical tools, and state-of-the-art trading terminals.

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The 7th presale stage has witnessed the YPRED project successfully raising $4.31 million toward its goal of $4.5 million. The YPREDS token is currently priced at $0.10, with a listing price of $0.12, making it an attractive proposition as the best cryptocurrency to buy now.

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4. Solana (SOL)

Solana is a blockchain platform that has garnered attention for its remarkable transaction speeds and scalability. It is known for its innovative hybrid proof-of-stake and proof-of-history mechanisms, ensuring swift and secure transaction processing.

Solana highlights its cost-effectiveness, characterized by low transaction fees compared to other blockchain platforms. Moreover, it offers a ‘proof-of-history’ system that timestamps each block. Thus creating a transparent transaction history record, enabling it to handle an impressive 65,000 transactions per second.

The price of SOL Coin has been on an upward trajectory since the beginning of 2023, cementing it as the best crypto to buy now. It has consistently bounced off a support line, most recently on September 11. However, the coin has encountered resistance at the $25 mark. In addition, an ascending triangle formation within this resistance area hints at the potential for further price increases.

From a technical perspective, the immediate support level for SOL stands at approximately $23.00, with the primary support forming near $22.00 along the trendline within the channel. Should the $22.00 support be breached, the 50-day simple moving average at $20.50 may come into play. As such, subsequent losses could lead to a test of the $17.40 support area.

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In summary, SOL’s price exhibits upward momentum, with the possibility of a rally beyond the $25.00 resistance level. The primary objective for those anticipating price appreciation is at $30. However, if SOL doesn’t surpass the $25 hurdle, a downward correction is conceivable, with a potential revisit of the $22.00 support zone.

5. Bitcoin SV (BSV)

Bitcoin SV (BSV) has recently shown positive signs in its price movement, indicating a potential upward trend. Currently, the price of BSV is holding steady at the $30.00 support level and experienced a notable 14.84% surge in the previous trading session. This surge is marked by the formation of a large bullish candle, suggesting the possibility of a breakout towards the $40.00 mark.

A key observation is the successful crossover of the 50-day and 200-day Exponential Moving Averages (EMA) by BSV’s price. This indicates a reversal in both short-term and positional trends in an upward direction.

Over the past two months, BSV’s price has consolidated between $27.845 and $35.00, forming a short-term support base and absorbing selling pressure. Recently, it broke through the upper-range resistance, instilling a positive sentiment among investors.

It’s worth noting that in early October, BSV’s price attempted to breach the $40.00 resistance level but was met with selling pressure, resulting in a retracement. Nevertheless, the decline was limited, and buyers were interested in increasing the price.

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As of the latest data, Bitcoin SV is trading at $37.827, with a 24-hour decline of -2.93%. The 24-hour volume-to-market cap ratio stands at 35.13%. Regarding the longer-term outlook, Bitcoin SV’s price prediction appears bullish. However, to gain significant momentum, buyers must successfully breach the $40.00 resistance level. The recent positive movement in BSV indicates reliability, with higher price sustainability potential.

As long as BSV’s price remains above $35.00, bullish sentiment is expected to persist. However, monitoring how the price reacts in the upcoming trading sessions is essential. From a technical analysis perspective, it’s evident that BSV’s price is currently under bullish momentum, placing it as the best crypto to buy now.