Best Crypto to Buy Now October 21 - Chainlink, Aptos, Solana

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We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days.

Fortunately, the pessimism in the crypto market is gradually fading away. Hence, what are the best cryptocurrencies to buy now?

Best Crypto to Buy Now

Emerging crypto projects are now exploring opportunities that offer them a better chance of success in the future. One of the presale projects reviewed below is implementing a Bitcoin mining solution that’s likely to revolutionize how investors participate in crypto mining.

Global Crypto Market Cap Chart

The details of the project and how users can get involved are highlighted below. In the meantime, the crypto market is presently recording an impressive recovery. According to CoinMarketCap, market sentiment reached 64 today, and the global market cap is back to $1.4 trillion. Bitcoin crossed the $27.5k mark in the early hours of today, and there are speculations that it will return to its $30k range before the end of the quarter. While the market returns to full throttle, below are some of the best cryptocurrencies to buy in anticipation.

1. Chainlink (LINK)

As market sentiment towards cryptocurrency improves, the demand for off-chain data is also on the rise. Chainlink is one of the leading decentralized oracle networks in the crypto space. In the last 24 hours, over $ 522.83M worth of Chainlink traded hands, resulting in a 33% increase in trading volume in that period.

Moreover, the price of LINK increased by 8% in the last 24 hours. Consequently, the token is trading around its $8.23 resistance and has made several attempts to break above the range. Interestingly, if LINK breaks above the resistance at this level, the token might be on its way to the $10 range or above.

Is LINK one of the best cryptos to buy now? The analysis of the LINK chart reveals some impressive data. Firstly, the token has moved from negative trends to printing over 23% gains in the last year. Additionally, its current price indicates bullish momentum as it is trading above its 200-day EMA.

Investors should also note that LINK has recorded 17 green days in the last 30 days, outperforming over 81% of the cryptocurrencies in the market. Thus, investors should keep an eye on LINK’s trend as the quarter progresses.

Conversely, LINK faces the prospect of price fluctuations down the line as its current circulating supply is only 55% of its total supply. Sadly, it does not incorporate deflationary measures to check the influx of new tokens into the market. Therefore, investors should research and analyze the trends of LINK before taking long-term positions with the token.

2. Aptos (APT)

Despite the protracted downtrend of APT, can Aptos be one of the best cryptos to buy now? Recently, Aptos began to record sudden activities in its network. It saw a transaction boost that reached 1.3 million transactions daily. Hence, a consistent uptrend is seen across its chart.

At press time, APT has seen an increase of over 4.61% in the last 24 hours, bringing its value to $5.30. There are speculations that the token will continue its gains for the rest of the month, which means that it might reach over $6 before the end of the coming week.

Furthermore, analysis of the APT chart shows that it is currently approaching the cycle high, presenting one of the best times for traders to get in.

#AptosOne was the start of Graffio … would you want to keep this party going 🤔? https://t.co/irxfB1xqMb

— Aptos Labs (@AptosLabs) October 20, 2023

Even though several indicators point to the future potential of APT, some downside may still hinder its gains. The resistance at $5.35, for example, may halt APT’s progressive climb. Investors should watch out for this region as it would determine the future price of the tokens.

Also, the circulating supply of APT is only 6.7% of the total supply. Hence, future token releases would result in downward pressure on its price, resulting in a potential price decline. Therefore, investors considering APT should prepare their minds for short-term hedging.

3. MultiversX (EGLD)

MultiversX is currently staging a comeback after months of decline. The token has been trading sideways for the past 30 days, and there are strong indications that it will likely swing into an uptrend before the end of the weekend.

As a matter of fact, EGLD has seen more green days than red in the past seven days. It is an indication that the market sentiment towards the token is gradually tending towards confidence. Additionally, the EGLD price increased by about 8% in the last 24 hours.

Its progressive gains make it one of the best cryptocurrencies to buy now. Hence, investors should keep an eye out for EGLD trends as its current price is grossly discounted.

4. Solana (SOL)

Solana is on the path to becoming one of the best cryptocurrencies to buy now. In the last 30 days, it has recorded over 16 million transactions, making it one of the top-ranking altcoins. Today’s chart shows the price of SOL is up by 9%, pushing its price above $29. Hence, SOL has broken the $27 resistance and is headed towards the $31 range. The bulk of its current price action is driven by its commitment to improving its ecosystem.

Blockchains should be accessible, fast, and frictionless.

Hear from the co-founders of @orca_so, @rawfalafel & @oritheorca, about how Solana’s low latency and high throughput enables them to focus on building their product 🐋#OnlyPossibleOnSolana pic.twitter.com/3OL5pQJ1hW

— Solana (@solana) October 20, 2023

Investors looking to take advantage of the market recovery should add SOL to their watchlist. It currently ranks as one of the best-performing cryptocurrencies at the moment. As a matter of fact, it outperforms over 70% of coins in the market. Moreover, the current trend of SOL may remain bullish for a while based on its long-term moving averages and its current price.

On the other hand, SOL investors should watch for inflationary trends as a result of an increase in the circulating supply of the token. Coincodex rates SOL inflation at 17%, a rating factor that can force a price decline in the future.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin mining may be one of the best crypto investments at the moment, as its value is projected to increase multiple times after next year’s halving.

However, the cost of installing a Bitcoin mining setup now is significantly prohibitive. Projects like the Bitcoin Minetrix are out to level the playing field.

Discover #BitcoinMinetrix: the solution to costly hardware and scams in the $BTC mining industry. 💡

With #BTCMTX, bid farewell to worries.

A decentralized, secure, and transparent mining experience. 🔒⛏️ pic.twitter.com/giIjnuzVEz

— Bitcoinminetrix (@bitcoinminetrix) October 21, 2023

What Bitcoin Minetrix has done is give everyone a chance to own a piece of a vast mining system through its crypto model. Generally, Bitcoin Minetrix offers a cloud-based Bitcoin mining setup, and it allows users to own a piece of this project through its $BTCMTX token.

At press time, $BTCMTX is on presale, and investors can own it for as low as $0.011. The project has set a goal to raise $2,317,000. The platform has raised over $1. 937, and the token is only 11 days from the price increase.

As a crypto mining solution, Bitcoin Minetrix is positioned to benefit from the coming bull run. Hence, it might be one of the best cryptos to buy now.

Besides its fascinating objects, Bitcoin Minetrix also proposes exciting tokenomics that’s out to put the community first. According to the project’s tokenomics, the platform has earmarked 42.5% of the total supply towards funding the platform’s operations. 35% of its supply goes towards marketing, and 15% is offered to the community as a reward for participating in various aspects. Finally, 7.5% of the total supply is reserved for staking rewards.

Visit the Bitcoin Minetrix presale.