Best Crypto to Buy Now October 9 - Bancor, Ethereum Classic, NEAR Protocol

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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—older posts on this topic feature other high-potential tokens.

We have consistently curated lists of best-performing tokens in the cryptocurrency market to assist crypto traders and investors.

You will find the project descriptions, market analysis, and price charts in this article to provide actionable intelligence for traders and investors.

Best Crypto To Buy Now

Cryptocurrencies have fought to make a return that mitigates the year’s losses. Bitcoin, in particular, flirts with the $28,000 mark. This new development was unexpected to most experts and analysts.

Global Crypto Market Cap Chart

Other altcoins are part of the excellent performance on the crypto charts. We have listed some of these tokens.

1. Bancor (BNT)

Bancor is a network of decentralised and open-source protocols that facilitates on-chain trading and liquidity within the cryptocurrency space.

The primary protocol within Bancor is known as Carbon. Carbon is a decentralised trading protocol that enables users to execute automated trading strategies using custom on-chain limit orders and range orders. Users can also combine these orders to create automated systems that aim to buy low and sell high in the crypto markets.

One notable feature of Carbon is that it is irreversible once orders are executed. Additionally, users can easily adjust these orders directly on the blockchain. This setup makes Carbon orders resistant to specific attacks and gives users a high level of control and automation for innovative trading strategies.

Bancor also includes the Fast Lane protocol, which is an open-source arbitrage protocol. It allows users to arbitrage activities between Bancor ecosystem protocols and external on-chain exchanges. Profits generated from arbitrage can be redirected back into the Bancor ecosystem.

https://twitter.com/Bancor/status/1711050164331593783

The BancorDAO governs all the protocols within the Bancor ecosystem, and this governance is influenced by staked BNT tokens.

2. NEAR protocol (NEAR)

NEAR Protocol is a layer-one blockchain designed to address common limitations in other blockchains, such as slow transaction speeds, low throughput, and interoperability issues. It aims to create an ideal environment for decentralised applications (DApps) while prioritising user and developer friendliness.

One notable feature of NEAR is its use of human-readable account names instead of complex cryptographic wallet addresses, making it more accessible. Additionally, NEAR employs innovative solutions for scaling challenges and has its consensus mechanism called “Doomslug.”

The NEAR Collective developed the NEAR Protocol, a community that updates the code and releases ecosystem improvements. They aim to create a secure platform to handle valuable assets like money and identity while being fast enough for everyday use.

It's almost time.

For the biggest.

Web3 experience.

Of. The. Year.

NEARCON23.

Lisbon, Portugal.

November 7th -10th.

🧵 pic.twitter.com/EyuWoKcQMY

— NEAR Protocol (@NEARProtocol) October 4, 2023

Several projects are currently under development on the NEAR Protocol. These include Flux, a protocol for creating markets tied to diverse assets and real-world events, and Mintbase, a platform tailored for minting non-fungible tokens (NFTs). These initiatives underscore NEAR’s capacity to facilitate a broad spectrum of decentralised applications.

3. Bitcoin BSC (BTCBSC)

The Bitcoin BSC project is an exciting blend of Bitcoin’s core features and the innovative capabilities the Binance Smart Chain (BSC) platform offers. This presale token introduces a sophisticated staking system focusing on efficiency, sustainability, and investment potential. It also places a strong emphasis on rewarding long-term token holders as a way to show appreciation for their unwavering support of the platform. These unique characteristics set this presale token apart in the cryptocurrency world.

Bitcoin BSC operates as a BEP-20 token within the Binance Smart Chain ecosystem. The team focuses on staking as a sustainable and eco-conscious alternative to traditional Bitcoin mining methods. People holding $BTCBSC tokens can engage in staking to generate passive income. The quantity of tokens they decide to stake directly influences their rewards. This method closely resembles Bitcoin’s original block reward system, introducing a familiarity to this innovative approach.

Attention #BitcoinBSC Community! 🚨

Beware of fake accounts.

Never share personal details.

Double-check profiles & website links.

We never initiate first contact.

Your security is paramount. Stay safe! 🛡️ pic.twitter.com/CLkuQU47hF

— Bitcoinbsc (@Bitcoinbsctoken) October 7, 2023

One notable feature of Bitcoin BSC is its environmentally conscious Stake-to-Earn model, offering a sustainable alternative to Bitcoin’s resource-intensive Proof-of-Work mechanism. This model aligns with Bitcoin’s historical milestones, including its extended issuance schedule spanning approximately 120 years and its block confirmations dating back to April 2011.

In the Bitcoin BSC ecosystem, an individual’s stake in the staking pool and the current Annual Percentage Yield (APY) determine staking rewards. This unique and innovative model fosters decentralisation and encourages active community involvement, guaranteeing continual growth within the token ecosystem.

Bitcoin BSC sets itself apart by actively encouraging long-term holding and active engagement within the community through staking. It empowers its community members to play an integral role in network expansion and sustainability while reducing their environmental impact. This project represents a significant evolution of the traditional Bitcoin model, ushering in a new era of environmentally conscious and community-driven cryptocurrency participation.

4. Ethereum Classic (ETC)

Ethereum Classic (ETC) emerged in July 2016 as a cryptocurrency resulting from a split from Ethereum (ETH). Its main objective is to serve as a platform for smart contracts, facilitating the creation and execution of decentralised applications (DApps). The native digital currency employed within the Ethereum Classic network is known as ETC.

Since its inception, Ethereum Classic has aimed to establish its own identity separate from Ethereum. Over time, these two networks’ technical directions and plans have diverged significantly.

Unlock the mysteries of NFTs! Dive into Class 36 and explore the novel concept of ownership records and property registries on the #EthereumClassic blockchain. 🛡️🔐#ETCEducation https://t.co/RE7bzA6Nsw

— Ethereum Classic (@eth_classic) October 3, 2023

The original aim of Ethereum Classic was to preserve the integrity of the original Ethereum blockchain. This choice was a response to the stealing of 3.6 million ETH in a significant hacking incident, leading to the emergence of Ethereum Classic to support and uphold the existing Ethereum blockchain.

5. Tezos (XTZ)

Tezos is a blockchain network similar to Ethereum. Its critical distinction is its design to provide more advanced infrastructure that can evolve and improve without undergoing hard forks, a common issue Bitcoin and Ethereum face. Holders of XTZ, Tezos’ native cryptocurrency, can participate in voting on proposals for protocol upgrades submitted by Tezos developers.

Tezos is an open-source platform emphasising security, upgradability, and long-term sustainability. Its smart contract language is tailored for high-value applications, aiming to ensure precision. Tezos believes its approach makes it future-proof and capable of staying at the forefront of blockchain technology by embracing advancements.

Here we go…😉

⁣ Tomorrow, get ready to claim your complimentary digital memorabilia ahead of @ManUtdWomen's game vs. PSG!

Start your collection and add new matches across the season for the chance to unlock incredible rewards 🏆 Opens tomorrow: Sunday, October 8th @ 3:00…

— Tezos (@tezos) October 7, 2023

Tezos first presented its concept in a white paper in September 2014, and despite encountering some delays, Tezos mainnet launched four years later.