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Best Crypto to Buy Now September 20 – Bluzelle, The Graph, GateToken

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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance. See more of the other best cryptos we have covered in our previous articles.

In other news, the price of Bitcoin experienced a rebound on Tuesday, reversing the previous day’s losses linked to concerns regarding FTX liquidations.

As per current data, Bitcoin’s price was up by 4.5%, reaching $26,185.72. On the previous day, Bitcoin had dipped below the critical support level of $25,000 for the first time since March. This rebound might be driven, at least in part, by investors who had bet against the cryptocurrency and were now rushing to cover their short positions, a situation often referred to as a short squeeze.

Best Crypto to Buy Now

Many tokens continually flood the scene in the cryptocurrency market, with new ones emerging regularly. The challenge, however, lies in identifying the cryptocurrencies that warrant attention and inclusion in one’s portfolio.

Global Market Cap Chart

Global Crypto Market Cap Chart

A rigorous analysis and assessment have been applied to various cryptocurrencies to address this concern. Through this thorough evaluation, a selection of cryptocurrencies has emerged as standout candidates for investment based on their promising attributes and potential for growth.

1. Bluzelle (BLZ)

Bluzelle is a decentralised storage network designed to serve the creator economy, offering a range of benefits, including high security, unparalleled availability, and resistance to censorship. Regardless of whether you are an artist, musician, scientist, publisher, or developer, Bluzelle is committed to safeguarding the intellectual property of all creators. It provides solutions for data storage, file storage, oracles, and more, with a specific focus on NFTs (Non-Fungible Tokens) and DeFi (Decentralized Finance) applications.

At its core, Bluzelle’s products are centred around data and are underpinned by its Tendermint Blockchain:

  1. Bluzelle DB: This is a decentralised database tailored for software developers, offering a secure and efficient way to store information.
  2. Bluzelle Oracles: Bluzelle provides a genuinely decentralised pricing oracle that offers both high-speed and robust security for DeFi applications, ensuring reliable price data for various financial operations.
  3. Bluzelle Staking: Within the Bluzelle ecosystem, BLZ token holders have the opportunity to stake their tokens, earning rewards for their contributions to storage and pricing data provisioning.

Bluzelle price chart

These core products empower creators and developers to leverage Bluzelle’s decentralised infrastructure for their storage and data needs, ultimately fostering a more secure and censorship-resistant environment for the creator economy.

2. The Graph (GRT)

The Graph is a crucial indexing protocol that enables the querying of data from networks such as Ethereum and IPFS. It plays a pivotal role in supporting a wide range of applications within the DeFi (Decentralized Finance) sector and the broader Web3 ecosystem. The protocol empowers developers to construct and publish open APIs known as “subgraphs,” which applications can utilise to query blockchain data through GraphQL.

The Graph price chart

There is an operational hosted service that simplifies the process for developers to kickstart their projects on The Graph, and the decentralised network is set to launch later this year. Presently, The Graph can index data from Ethereum, IPFS, and POA, with plans to integrate more networks in the near future.

Notably, The Graph has gained significant traction, with over 3,000 subgraphs deployed by thousands of developers. These subgraphs serve various DApps (Decentralized Applications), including popular ones like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland, and many others. The protocol has been experiencing remarkable growth, with over 50% month-over-month growth in usage. In September 2020 alone, it handled more than 7 billion queries.

The Graph boasts a global community comprising over 200 Indexer Nodes in the testnet and over 2,000 Curators in the Curator Program as of October 2020. In terms of funding, The Graph secured investments from community members, strategic venture capital firms, and influential figures in the blockchain industry, including Coinbase Ventures, DCG (Digital Currency Group), Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital, among others. The Graph Foundation also successfully conducted a public GRT Sale with participants from 99 countries (excluding the U.S.). As of November 2020, The Graph had raised approximately $25 million for network development.

3. GateToken (GT)

GateChain is a public blockchain designed to enable secure digital asset transfers, with a strong emphasis on ensuring the safety of assets. The native token of the GateChain network is called GateToken (GT). GT primarily serves as a means to pay transaction fees. Still, it also provides users with the option to stake it for the purpose of validating transactions and contributing to the network’s security, earning rewards in return.

 

GateToken price chart

One of the notable features of GateChain is its on-chain wallet, which allows users to manage their digital assets directly. This provision eliminates the need for relying on third-party wallets, enhancing security and control over one’s assets. Additionally, GateChain is fully compatible with the Ethereum Virtual Machine (EVM), simplifying the deployment of Ethereum-based smart contracts on the platform. This compatibility facilitates interoperability and the seamless adoption of existing Ethereum-based applications and functionalities on GateChain.

4. Bitcoin BSC (BTCBSC)

Bitcoin BSC is a groundbreaking project that combines the enduring value of Bitcoin with the advanced technology of the Binance Smart Chain (BSC). What sets it apart is its innovative staking mechanism, which encourages environmental sustainability and rewards long-term token holding. This concept represents a fresh perspective on how token-based rewards and active participation function in cryptocurrency.

As a BEP-20 token on the Binance Smart Chain, Bitcoin BSC strongly emphasises staking as an alternative to traditional Bitcoin mining. Holders of $BTCBSC tokens can generate passive income by staking their tokens, with rewards tied to the number of tokens staked, mirroring Bitcoin’s original block reward structure.

One standout feature of Bitcoin BSC is its environmentally conscious Stake-to-Earn model, providing an eco-friendly alternative to Bitcoin’s resource-intensive Proof-of-Work mechanism. This mechanism aligns with Bitcoin’s historical milestones, such as its estimated 120-year issuance schedule and block confirmations dating back to April 2011.

In the Bitcoin BSC ecosystem, staking rewards are determined by a participant’s stake in the staking pool and the prevailing Annual Percentage Yield (APY). This unique model fosters a decentralised and actively engaged community, ensuring ongoing growth within the token ecosystem.

Bitcoin BSC distinguishes itself by incentivising long-term holding and active community engagement through staking. It empowers its community to actively participate in network expansion and sustainability while reducing 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 engagement.

5. Alva (AA)

Alva Coin is a cryptocurrency project focused on building a vast global community centred around its NFT-based ecosystem. At the core of this ecosystem is the AA token, which serves as both an asset and a utility token. 

Alva Coin has a limited supply, meaning a maximum number of tokens can be created. This limited supply can create scarcity and drive value for the token.

Alva price chart

AA tokens have utility within the Alva ecosystem. Utility tokens are digital assets with a specific purpose or function within a blockchain project. In this case, AA tokens are used for various activities and transactions within the Alva NFT ecosystem.

Non-fungible tokens (NFTs) are unique digital assets representing ownership or proof of authenticity of a specific item or content, often in digital art, collectibles, or virtual real estate. Alva Coin’s ecosystem is built around NFTs, suggesting that these tokens are central to the project’s offerings.

It’s important to note that the success of cryptocurrency projects like Alva Coin often depends on factors such as community engagement, the uniqueness and demand for the NFTs within the ecosystem, and the overall utility and use cases of the token. As the project develops, more details about its specific features, use cases, and objectives may become available to the public.

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