Join Our Telegram channel to stay up to date on breaking news coverage
If you follow our list of best crypto to buy, this article continues the reliable selection of assets. We suggest these tokens with the current condition of the cryptocurrency market in view.
As bitcoin (BTC) moves higher, recently shorted alternative cryptocurrencies like Solana’s SOL may see leverage liquidations and exaggerated price rallies.
According to new data, since Monday’s brief move below crucial support at $25,000, bitcoin has risen over 6% to trade near $26,600 at press time.
Alternative cryptocurrencies like XRP, Ether (ETH), SOL, Tron’s TRX, Dogecoin (DOGE), and others are tracking bitcoin higher, as they typically do. The altcoin bounce comes days after traders sold these tokens, pricing in the possibility of defunct exchange FTX securing approval from the bankruptcy court to sell assets from its multi-billion-dollar portfolio.
This movement suggests that traders are quick to react to changing market conditions, with leveraged positions leading to liquidations as prices rise, contributing to more substantial price gains in these alternative cryptocurrencies, which are also some of the best cryptos to buy now.
Best Crypto to Buy Now
The appreciation of Bitcoin often pulls other altcoins upwards. Investors holding altcoins look at the market today with hopeful eyes. However, there is still time for investors seeking to better their position in the cryptocurrency market. They can invest in the best cryptocurrencies to buy now.
Global Crypto Market Cap Chart
Fortunately, we have highlighted such tokens here in this article. Let us take a look at them alongside a presale token.
1. Layer 4 Network (LAYER4)
Layer4 Network is meticulously designed from the ground up to address two pivotal challenges crucial for achieving extensive global adoption: the evolution from conventional to advanced technology and a substantial shift in user experience paradigms. This approach ensures Layer4 Network is primed to offer innovative solutions that resonate with users and pave the way for seamless integration into the digital landscape.
By addressing these challenges head-on, Layer4 Network is well-prepared to lead the way in driving innovation and fostering a digital environment that meets the evolving needs of users. Its commitment to bridging the gap between conventional and advanced technology and a user-centric approach positions it as a transformative force in the digital realm.
Be part of the movement and connect with the people pushing the internet forward: https://t.co/OmYtycLRcS pic.twitter.com/FY1L3sG1Rf
— Layer4 Network 🌁 (@Layer4Network) September 8, 2023
This network aims to provide innovative solutions to overcome these challenges and create a user-friendly and technologically advanced platform. With its user-centric approach, Layer4 Network seeks to revolutionize the digital landscape and offer a seamless experience to its users.
2. Blui (BLUI)
Blui is an alien cat from Babazadeh known for his curiosity about human society and the planet’s management. He’s collaborating with ReMeLife to build a decentralized rewards-based healthcare community ecosystem.
BLUI is the meme token, granting early access to the ReMeLife project. BLUI holders enjoy the Blui & Friends VIP club membership, access to the upcoming NFT collection, discounted merchandise, and various member rewards and activities.
REME, on the other hand, is ReMeLife’s native token for its rewards-based community. It rewards members through the Care-to-Earn model, where users can monetize personal data and contribute to the community. REME will be tradable once ReMeLife’s POA blockchain, the ReMeChain, is live. Members can exchange their BLUIs for REMEs at that time, with a discounted trade during the pre-sale of REMEs on exchanges in early 2024. This transition marks ReMeLife’s shift to a DAO.
Our community is insane and we love every single one of you 💙🙏$BLUI #PlanBlui pic.twitter.com/CyPIfKNfZe
— Blui (@PlanBlui) September 15, 2023
So, BLUIs represent a cat-based meme and support and benefit from a unique community making strides in deploying blockchain for social good, particularly in health and social care.
3. Parallax Finance (PLX)
Parallax is a platform that specializes in constructing yield and liquidity infrastructure for individuals, DAOs (Decentralized Autonomous Organizations), and protocols. Their primary focus is LSD (Liquidity Sensitive Deposits) yield products, encompassing vanilla LSDs, LSD stablecoins, and LSD vaults.
Their liquidity and yield product stack comprises several components:
Orbital – Yield Optimizer: Parallax employs an advanced auto-compounding function within Orbital, which generates higher returns for LP (Liquidity Provider) tokens and LSD stablecoins.
Andromeda – Multivariant Yield: Users can choose between Bluechip Arbitrum vaults or Degen vaults, offering various yield options.
Supernova – Powering LSDfi: Users can earn boosted yield by depositing any LSD asset through Supernova.
Black Hole – Liquidity Marketplace: Parallax’s POL (Parallax on Liquidity) marketplace allows anyone to create a liquidity bond sale.
Another token within their ecosystem is $yPLX, which possesses various utilities:
Today, we are excited to announce the launch of Orbital Vaults on @zksync with a genesis integration with @syncswap
Vault depositors can now earn real yields and other potential rewards from different platforms.
Let’s take a closer look at how this is possible 👇🪂 pic.twitter.com/6wdl0nkSYa
— Parallax Finance (@parallaxfin) September 11, 2023
Deposit Earning Multiplier: Locking 80/20 BPT for $yPLX results in boosted rewards for deposits in Orbital and Andromeda Vaults. Sharing of Protocol Fees: Users can vote and determine how protocol fees should be distributed among $PLX holders.
Exclusive Access: The “Guardians of Parallax” determine additional perks for $yPLX holders, including early or whitelist access to specific vaults, strategies, and ecosystem projects. $yPLX is obtained by adding LP with 80 PLX – 20 WETH on Balancer, obtaining Balancer Pool Tokens (BPT), and staking them on Parallax’s staking vaults.
4. Volta Club (VOLTA)
Volta Club, a Decentralized Autonomous Organization (DAO), promotes crypto and web 3.0 protocols. Their mission involves directing their treasury resources toward emerging projects while employing advanced treasury management strategies. This approach aims for substantial capital growth, constantly committing to surpassing market expectations.
The pivotal moment in Volta Club’s journey occurred on the 28th of August 2023, when they transitioned from Wonderland to Volta Club. This transition introduced a new token, leveraging the LayerZero OFT technology. The primary goals were to enhance security measures and elevate functionality across four prominent chains: Ethereum, Avalanche, Fantom, and Arbitrum One.
This transition was necessitated by the Multichain debacle, which posed a significant security threat to the DAO. It left holders stranded within chains, impeding their ability to bridge and deploy their tokens efficiently.
For those who held the now obsolete wMEMO tokens, a mechanism was established to facilitate a seamless transition to the primary Volta token. This transition occurs at a fixed rate of 1:330 and can be efficiently executed through the Volta Club’s app on the chains where wMEMO tokens are located. After migration, users can effortlessly bridge their tokens using the Volta Club app across all four supported chains.
📣 We are excited to announce the launch of the Community Member Proposals (CMP) feature, empowering community members to create proposals for the DAO. This enables a more democratic and inclusive decision-making process while ensuring protocol security. Read more below! 👇 pic.twitter.com/VqFAAgsu59
— Volta Club (@thevoltaclub) April 14, 2023
A maximum supply of 1,000,000 Volta tokens was established to accommodate the migration across these chains. It’s important to note that no additional tokens will be minted. To maintain the 1:330 exchange rate against the 1,000,000 Volta cap, Wonderland conducted buybacks, and wMEMO tokens were intentionally burned before the official launch.
Volta Club consistently conducts market buybacks and token burns as part of its strategy. These actions are instrumental in ensuring that the token’s value accurately reflects the collective accomplishments and progress of the community.
5. Launchpad XYZ (LPX)
Launchpad XYZ has made significant strides in cryptocurrency, and its presale is on the verge of reaching an impressive milestone, approaching the $1 million mark. This achievement is a testament to the project’s growth potential and investors’ trust in its future. With a current price of $0.0445 during its presale phase, it’s attracting more investors to get in on the action before it hits the exchanges.
Launchpad XYZ operates as a perpetual decentralized exchange, allowing traders to effectively hedge their stakes and reduce their exposure to sudden market fluctuations. This risk management feature sets it apart, prioritizing the financial security of its users.
Tired of juggling multiple platforms for cross-chain trades? 😪
Simplify your whole experience with one click at #LaunchpadXYZ
Learn more at https://t.co/ZUZaIKgy84
#Web3 #Crypto #Blockchain #Ethereum pic.twitter.com/xKEKmc16X7— Launchpad.xyz (@launchpadlpx) August 16, 2023
In addition to its core offerings, Launchpad XYZ is keeping pace with the booming NFT market. It hosts a marketplace where NFT creators and collectors can connect and transact. Moreover, the platform extends exclusive deals to those who list their stakes, providing further incentives for community members.
The surging interest and demand for Launchpad XYZ‘s unique features are driving its presale to sell out rapidly. Investors who recognize the platform’s potential have a prime opportunity to join the community and take advantage of what could be the next primary cryptocurrency poised for explosive growth. Take advantage of the chance to be part of this exciting journey.
Read More
Smog (SMOG) - Meme Coin With Rewards
- Airdrop Season One Live Now
- Earn XP To Qualify For A Share Of $1 Million
- Featured On Cointelegraph
- Staking Rewards - 42% APY
- 10% OTC Discount - smogtoken.com
Join Our Telegram channel to stay up to date on breaking news coverage
Staking
Bitcoin
Gaming
Best Coins
Buy NFTs