Best Crypto to Buy Now October 23 - MultiversX, Mina, Fantom

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Crypto traders are always searching for the best cryptocurrencies to buy on any given day – we list some high-potential coins in this post.

Bitcoin (BTC) miners’ stocks are surging on Monday as the largest cryptocurrency by market value maintains its position above $30,000, even as the mining industry anticipates an upcoming halving event that could halve mining rewards.

Best Crypto to Buy Now

Shares of Bit Digital (BTBT), TeraWulf (WULF), Hut 8 (HUT), and CleanSpark (CLSK) have seen impressive gains of over 10%, outpacing their counterparts like Marathon Digital (MARA), Riot Platforms (RIOT), and Hive Digital (HIVE), which recorded increases between 5% and 9%. The only mining stock in decline is Bitdeer (BTDR), with a drop of about 10%.

Global Crypto Market Cap Chart

These movements in mining shares are particularly noteworthy as mining digital assets remain the primary revenue source for these companies. Notably, on Monday, other crypto-related stocks, including Coinbase (COIN) and MicroStrategy (MSTR), saw less than 6% increases.

Mining stocks have outperformed bitcoin’s performance this year, rebounding from their 2022 slump. The Valkyrie Bitcoin Miners ETF (WGMI), which monitors mining stock performance, has doubled in value this year, while Bitcoin has seen an 87% increase.

1. MultiversX (EGLD)

MultiversX is a blockchain protocol aiming to revolutionize the new internet ecosystem by offering exceptional transaction speeds through sharding technology. Its key focus areas encompass fintech, decentralized finance, and the Internet of Things.

With an intelligent contracts execution platform capable of 15,000 transactions per second, a six-second latency, and a $0.001 transaction cost, MultiversX boasts impressive technical prowess. The project revolves around rewarding its community and active participants with EGLD tokens, which are integral to the Elrond network.

EGLD serves as a currency for network usage and a medium of exchange between users and validators. It facilitates smart contract deployment, protocols, and dApps while allowing participants to engage in network actions. With governance functionalities and a commitment to scalability, MultiversX positions itself as a valuable asset in the blockchain landscape.

Its secure proof-of-stake consensus mechanism and innovative sharding approaches make it an enticing prospect for investment, particularly as it continues to build a robust ecosystem and establishes EGLD as a store of value in the ever-evolving crypto space.

There is so much creative energy flowing within the #MultiversX ecosystem. Empowering some of the most dedicated builders in the entire blockchain world.

From social impact to community focus and beyond, today we are recognizing the best 12 of them.

Community Awards at #xDay pic.twitter.com/9r4Gg6EV22

— MultiversX (@MultiversX) October 23, 2023

However, investors should conduct thorough research and consider the inherent risks associated with cryptocurrency investments.

Today’s live MultiversX price is $27.72, with a 24-hour trading volume of $31,118,943. MultiversX is up 7.55% in the last 24 hours. The current CoinMarketCap ranking is #52, with a live market cap of $723,900,954. It has a circulating supply of 26,117,636 EGLD coins and a maximum supply of 31,415,926 EGLD coins.

2. Mina (Mina)

Mina Protocol is a groundbreaking “succinct blockchain” to streamline computational requirements for enhanced DApp efficiency. Its unique selling point lies in maintaining a constant size despite increased usage, achieving a delicate balance between security and decentralization.

Notably, Mina’s minuscule 22 KB network size starkly contrasts Bitcoin’s colossal 300 GB blockchain, setting it apart as one of the lightest blockchains globally.

Operating with an account model akin to Ethereum, Mina innovatively employs provers (or snarkers) to ensure block commitment to the state, diverging from traditional blockchain structures.

Its implementation of Ouroboros Samasika, a PoS mechanism tailored for succinct decentralized networks, allows for bootstrapping from a genesis block. Mina’s strengths extend to parallel scan state optimization, elevating transaction processing speed by grouping unproven blocks and assigning parallel provers.

Merhaba Türkiye 👋

Excited to hack with you in Istanbul 🇹🇷 https://t.co/vBMEiIFlnZ

— Mina Protocol (httpz) 🪶 (@MinaProtocol) October 22, 2023

The compelling aspects of efficiency, minimalism, and innovative consensus mechanisms position the Mina Protocol as an intriguing prospect for investment. However, potential investors should conduct comprehensive research and remain mindful of the inherent risks associated with cryptocurrency investments.

Today’s live Mina price is $0.448458, with a 24-hour trading volume of $21,392,962. Mina is up 12.62% in the last 24 hours. The current CoinMarketCap ranking is #73, with a live market cap of $443,791,009. It has a circulating supply of 989,593,311 MINA coins; the maximum supply is unavailable.

3. Fantom (FTM)

Fantom is a promising player in blockchain and decentralized finance (DeFi) services, offering innovative solutions to address the challenges associated with smart contract platforms.

With its bespoke consensus algorithm and the native FTM token, Fantom stands out by tackling the transaction speed issue, reducing it to under two seconds, significantly enhancing efficiency for developers. The project’s commitment to scalability, security, and decentralization aligns with the blockchain industry’s evolving needs.

Fantom’s Lachesis protocol, a key component, introduces cutting-edge features such as asynchronous consensus, leaderless architecture, and near-instant finality, elevating network security and speed.

Fantom’s performance strength shines with thousands of transactions per second, settling within seconds, all at a fraction of a cent per transaction.

The combination of these technical advantages makes Fantom an appealing choice for investment, offering high scalability at a lower cost. Nevertheless, potential investors should conduct thorough research and exercise caution, considering the inherent risks within the cryptocurrency space.

T-minus 1#FantomSonic pic.twitter.com/QdItDdqNC4

— Fantom Foundation (@FantomFDN) October 23, 2023

Today’s live Fantom price is $0.225144, with a 24-hour trading volume of $119,618,162. Fantom is up 11.96% in the last 24 hours. The current CoinMarketCap ranking is #58, with a live market cap of $631,220,993. It has a circulating supply of 2,803,634,836 FTM coins and a maximum supply of 3,175,000,000 FTM coins.

4. Injective (INJ)

Injective, a blockchain designed for the world of finance, aims to revolutionize DeFi applications by offering a robust and open layer-one infrastructure.

It distinguishes itself by providing fundamental financial elements, including a decentralized MEV-resistant on-chain order book and full on-chain support for various financial markets, including spot, perpetual, futures, and options. Compatibility with Ethereum, IBC-enabled blockchains, and non-EVM chains like Solana makes it highly interoperable.

Built on Cosmos SDK with Tendermint-based PoS consensus, it delivers lightning-fast performance and instantaneous transaction finality. The extensive ecosystem, with over 100 projects and 150,000 community members, further enhances its potential.

Backed by renowned investors like Binance and Mark Cuban, Injective offers advanced features like zero gas fees for users and the first network in the Cosmos ecosystem to support Ethereum assets natively.

The INJ token finds utility in governance, value capture, PoS security, developer incentives, and staking, making Injective a versatile and innovative choice for investors looking to access decentralized, cross-chain, low-fee DeFi solutions.

While its impressive features make it an appealing option, thorough research is advisable, given the inherent risks in the crypto space.

Ecosystem Spotlight: @HelixApp_ announced its latest product offering, Pre-Launch Futures, listing @CelestiaOrg $TIA as its first market.

Pre-launch futures allow anyone to access new token markets ahead of their release.https://t.co/vsjfNc0Fxb

— Injective 🥷 (@injective) October 23, 2023

Today’s live Injective price is $10.57 with a 24-hour trading volume of $125,005,132. Injective is up 18.19% in the last 24 hours. The current CoinMarketCap ranking is #46, with a live market cap of $885,702,200. It has a circulating supply of 83,755,556 INJ coins; the maximum supply is unavailable.

5. LaunchpadXYZ (LPX)

Launchpad XYZ stands out in the crypto industry with its upcoming platform, poised to simplify Web 3.0 applications. At its core is the LPX token, currently available in a crypto presale that has garnered significant attention and raised $1.91 million.

Explore Web3 safely alongside the #LaunchpadXYZ community 🙌

Our team always puts security first 🔐#Web3 #Crypto #Blockchain #BTC pic.twitter.com/WmUljf4qVp

— Launchpad.xyz (@launchpadlpx) October 23, 2023

Launchpad XYZ emphasizes functionality, offering a decentralized exchange for token swaps, NFT trading, and access to fractional high-value assets like real estate and luxury cars.

Users can unlock these features by staking LPX tokens for at least 90 days, fostering demand and covering associated fees. The platform’s unique integration of artificial intelligence through the Launchpad Quotient empowers investors with data-driven insights, making it appealing to newcomers and crypto veterans.

With a clear roadmap and a dedicated team led by CEO Terence Ribaudo, Launchpad XYZ presents a structured approach to becoming a prominent player in Web 3.0 investments. The promise of simplification and its strategic vision make it a noteworthy investment option.

Visit LaunchpadXYZ presale