Best Crypto to Buy Now October 20 - Bitcoin Cash, Stellar, Icon

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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.

The global cryptocurrency market cap currently stands at $1.11 trillion, indicating a 2.88% increase in the past day. While this increase is notable, let’s examine this data objectively without excessive enthusiasm.

Over the last 24 hours, the total cryptocurrency market volume has reached $42.25 billion, marking a significant 6.63% surge. A portion of this volume is attributed to the decentralized finance (DeFi) sector, contributing $2.07 billion or 4.89% of the total cryptocurrency market 24-hour volume. This demonstrates the growing influence of DeFi, though it’s important to consider potential factors affecting this volume.

Best Crypto to Buy Now

Moreover, stablecoins have established a substantial market presence, amounting to $39.25 billion or 92.89% of the total cryptocurrency market 24-hour volume. This emphasizes the prominent role of stablecoins in facilitating various transactions and serving as a store of value within the cryptocurrency ecosystem. As such, we present the best crypto to buy now, capitalizing on the current upward market trend.

Global Crypto Market Cap Chart

1. Bitcoin Cash (BCH)

Bitcoin Cash (BCH) has rallied over the past few months, partly attributed to market expectations surrounding Bitcoin ETF approval. BCH is trading at $236.50, reflecting an 11.44% increase in the past week, suggesting a positive outlook for the coin in 2023.

In the context of a broader market recovery, BCH has witnessed a substantial price increase. The cryptocurrency is close to its 50-day Exponential Moving Average (EMA). Thus, appearing to be resilient against selling pressure around the $228 mark. Additionally, a recent uptick in trading activity in Asian markets during late-night hours indicates the possibility of BCH entering the initial stages of a bullish trend.

Contrary to a potential bearish trend, BCH seems poised for upward momentum, possibly breaking through the $228 resistance level. This could potentially set BCH on a trajectory towards a $300 target. From a technical perspective, the current BCH price trades above the crucial 50-day and 200-day EMAs.

Bitcoin Cash is currently trading at $231.09, with a 24-hour volume of $143,380,317. Likewise, the coin is up by 0.68%, placing it at 16th position in the CoinMarketCap ranking. Moreover, BCH’s circulating supply is 19,536,056 BCH coins, capped at 21,000,000.

2. Stellar (XLM)

SubQuery, a prominent blockchain data indexing engine, has recently integrated with Stellar, a decentralized public blockchain network. This collaboration aims to enhance Stellar’s new smart contract platform, Soroban, by incorporating advanced indexing capabilities. Therefore, providing developers with a valuable tool for improving decentralized applications.

Stellar highlights its efficient and cost-effective blockchain technology, allowing developers to replicate traditional financial transactions. SubQuery’s indexing features offer a comprehensive data indexing solution, further improving the development experience on the Stellar network.

Soroban, Stellar’s new smart contract platform, is built using the Rust programming language. This platform enables smart contracts to interact with many on-chain assets within the Stellar ecosystem. In addition, it offers a seamless entry and exit system for global resource accessibility.

Furthermore, SubQuery equips developers with an open-source software development kit (SDK), comprehensive documentation, and dedicated support. As such, it empowers users to create customized APIs for decentralized applications and smart contracts. Stellar is fully integrated into SubQuery’s business-managed service, enabling it to efficiently handle a high volume of daily requests.

2 new wallets + 1 seamless integration = more opportunities to safely store your funds, access global currencies, and avoid high network fees right from the convenience of your phone.

Explore the benefits of @beansapp and @bossmoneyafrica, the two new wallet providers on the…

— Stellar (@StellarOrg) October 10, 2023

A significant outcome of this collaboration is the introduction of the SubQuery Network. This decentralized indexing system incentivizes and ensures data verifiability. Moreover, it allows developers to categorize data from various projects, enhancing flexibility and usability across different networks.

In terms of the price outlook, XLM is anticipated to reach approximately $0.43 by the end of 2023. In a bearish market scenario, the minimum price level of XLM might decline to $0.27 in 2023. However, an optimistic projection suggests the possibility of a substantial price increase in the latter half of the year, signifying it as the best crypto to buy now.

3. yPredict (YPRED)

yPredict offers an all-in-one AI ecosystem for developers, traders, quants, and analysts. The platform provides real-time trading signals generated by advanced predictive models developed by top-tier AI experts.

🚀 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

In addition, users can access real-time sentiment analysis for popular cryptocurrencies and benefit from AI-driven technical analysis to identify effective indicators for their assets. The platform also offers chart pattern recognition, allowing AI to detect promising chart patterns on users’ selected coins.

Furthermore, the platform implements social trading, enabling users to observe and replicate the trading strategies of experienced traders. By emulating these seasoned traders, users can improve their trading decisions and gain financial rewards and valuable insights.

yPredict is in its 7th presale stage, with its price pegged at $0.11. Likewise, the listing price is set at $0.12 per YPRED token. The total supply of YPRED tokens is 100 million, with a circulating market cap of approximately $6.5 million at the time of listing.

The platform offers many features, including AI-driven trading signals, sentiment analysis, technical analysis, and chart pattern recognition. Hence, it is a comprehensive ecosystem for traders and analysts, making it the best cryptocurrency to buy now.

Visit yPredict Now.

4. Fetch.ai (FET)

Fetch.AI is an AI laboratory based on an open, permissionless, decentralized machine learning network alongside a cryptocurrency-based economy. The primary goal is democratizing AI technology, allowing anyone to access the network’s secure datasets for various applications. These applications include optimizing DeFi trading services and streamlining travel systems, which rely on extensive datasets.

At the core of the Fetch.AI ecosystem is its utility token, FET. This token is pivotal in creating, deploying, and training digital twins. Additionally, FET is a key component in smart contracts and oracles within the Fetch.AI platform. These utilities highlight FET as the best crypto to buy now.

Analysis indicates that the maximum FET price in 2023 could reach approximately $1.84, contingent upon the overall performance of the cryptocurrency market. Furthermore, a bearish market could see the value of FET dip to as low as $0.98. However, there is an anticipation of a bullish rally in the latter part of the year, which could lead to a significant increase in Fetch.ai Coin prices.

We're pleased to announce that the @Fetch_ai crypto operations have moved to Dubai! 🇦🇪

Our product goals & direction will remain the same, but as conditions have become increasingly favourable for web3 projects in Dubai, it will help us further drive innovation in the space 🤖 https://t.co/ujpqRkxku2

— Fetch.ai (@Fetch_ai) October 19, 2023

As of the latest available data, the live price for Fetch.AI stands at $0.205145, with a 24-hour trading volume of $17,049,822. Fetch.AI is currently ranked 141st on CoinMarketCap, boasting a live market capitalization of $166,658,280. Its circulating supply is 812,393,866 FET coins, while the maximum supply remains undisclosed.

5. Icon (ICX)

ICON Network operates as a layer-one blockchain, prioritizing the development of a multichain bridging solution. As such, the platform emphasizes scalability, chain agnosticism, and security. ICON’s flagship product, the Blockchain Transmission Protocol (BTP), is an interoperability solution that facilitates cross-chain token swaps.

It offers generic messaging capabilities for tasks such as cross-chain smart contract calls.

ICON has established connections with several blockchains, including Binance Smart Chain, Near, Harmony, Moonriver, Polkadot, ICE/SNOW, and Ethereum. It functions as a hub, seamlessly connecting partner blockchains and all others integrated through BTP.

Furthermore, several decentralized applications (dApps) thrive within the ICON ecosystem. These applications include DeFi protocols like Balanced and Omm, NFT platforms such as Craft, various gaming applications, and more.

In addition, ICON highlights its ability to work seamlessly with various blockchains, irrespective of the underlying technology or the number of connected networks. It intends to promote a multichain future by integrating with existing networks. Likewise, it aims to enable the creation of new networks and connections through its interoperability solution, BTP.

Watching over the @Pengwyn_BINC from the mountain slopes, its @aMaUkr, @FramdNFT and the YetiStrongClub.
Close partners in this winterous NFT world 🐧#ArtFi #ICONistsUnite $ICX $FRMD $PNGWYN https://t.co/B425fdwLim

— ICON – Connecting Blockchains 🌐 🔀 (@helloiconworld) October 19, 2023

ICX price predictions indicate an expected maximum value of approximately $0.845 as the broader cryptocurrency market rebounds. In 2023, the average price prediction is around $0.746. However, if the crypto market experiences a significant bearish trend, the minimum price could be around $0.646 in the same year.

ICON’s price is currently pegged at $0.181906, with a 24-hour trading volume of $4,486,056. Moreover, ICON holds the 140th position in the CoinMarketCap ranking, with a current market capitalization of $176,342,196.