Best Crypto to Buy Now September 22 – Chainlink, Optimism, FTX Token

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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched on CEX and DEX platforms daily. If you are tired of searching for the best cryptocurrencies to purchase, then this article and others we have written previously are for you.

Randomly choosing tokens to purchase is a blind bet that seldom pays off. Most investors think trending tokens are synonymous with the best digital assets, and they find out, to their dismay, how wrong they might be.

A lot of factors are considered before a token can be classified as some of the best to buy. We have verified the tokens in this article against the backdrop of specific criteria before compiling this list.

Best Crypto to Buy Now

This week’s crypto price charts have been inconsistent. The rollercoaster of sudden price change is not a new phenomenon, but it is still confusing for investors. It also does not help that Bitcoin, as of today, has slid off from its $27,000 mark. Other altcoins, such as Ether, toe the same path.

Global Crypto Market Cap Chart

Nevertheless, it is not a wicked market, considering some tokens, such as the ones highlighted in this article, have a high chance of going on a good run soon.

1. Chainlink (LINK)

This token is one of the trending coins on the market right now. The project is a solution-based platform liaising blockchains with external data. The adoption of this crypto births its popularity and its potential marginally high returns.

Chainlink, established in 2017, serves as a blockchain abstraction layer, offering a solution for creating universally connected smart contracts. Chainlink is a decentralized Oracle network, enabling seamless and secure interactions between blockchains and external data feeds, events, and payment systems. This functionality is vital for enabling complex smart contracts to access essential off-chain data, ultimately leading to the widespread adoption of digital agreements.

Tonight at #Sibos, 175+ representatives from some of the world’s largest financial institutions attended an exclusive Chainlink networking event.

Thoughts from Chainlink Co-founder @SergeyNazarov & Swift’s Head of Securities Strategy Jonathan Ehrenfeld: pic.twitter.com/YOWWh0ZezJ

— Chainlink (@chainlink) September 20, 2023

The Chainlink Network is sustained by a robust open-source community, encompassing data providers, node operators, smart contract developers, researchers, security auditors, and other contributors. The company emphasizes ensuring decentralized participation is accessible to all node operators and users eager to contribute to the network’s growth and development. This collaborative ecosystem is fundamental to the success and evolution of Chainlink’s technology and its broader impact on the blockchain space.

2. Optimism (OP)

Optimism (OP) is crucial in addressing Ethereum’s significant challenge: scalability. It operates as a layer-two scaling solution on top of the Ethereum blockchain. This approach takes advantage of Ethereum’s security while significantly enhancing its capacity for processing transactions.

Optimism employs a unique strategy known as “optimistic rollups.” This strategy assumes that transactions are valid by default, only requiring validation if the evidence is contrary. This strategy allows Optimism to aggregate multiple transactions into a single “rollup” and submit them to the Ethereum mainnet. As a result, this reduces network congestion and lowers gas fees, making transactions more efficient and cost-effective.

The total value locked (TVL) in Optimism currently exceeds $500 million, indicating strong confidence and adoption of the network. This TVL demonstrates that various DeFi protocols and projects have chosen Optimism to benefit from its improved scalability and cost-efficiency.

Some prominent DeFi protocols, including Synthetix and Uniswap, have adopted Optimism. This adoption enables users to enjoy faster and more affordable transactions than the Ethereum mainnet.

Interacting with Optimism is relatively straightforward for users. They can incorporate it as a network in their MetaMask wallet and bridge assets, such as ETH, to the Layer 2 network. This integration enhances the user experience by reducing transaction costs and confirmation times.

Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up to our community that these are planned transactions.

— Optimism (@Optimism) September 20, 2023

Additionally, Optimism introduced its native OP token through an airdrop. This token serves various purposes within the Optimism ecosystem, including governance and other utility functions.

Optimism’s success and growing adoption signify the increasing importance of layer-two solutions in enhancing Ethereum’s scalability and user experience. These solutions are vital in addressing challenges related to high gas fees and network congestion on the Ethereum blockchain.

3. Bitcoin BSC (BTCBSC)

The Bitcoin BSC project merges the value of Bitcoin with the solution-based platform of the Binance Smart Chain (BSC). This presale token boasts an advanced staking mechanism that supports efficiency, sustainability, and investments. Long-term token holders are also rewarded for their loyalty to the token and platform. These features make the presale token peculiar.

https://twitter.com/Bitcoinbsctoken/status/1704405097319379401

As a BEP-20 token on the Binance Smart Chain, Bitcoin BSC strongly emphasizes 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 decentralized and actively engaged community, ensuring ongoing growth within the token ecosystem.

Bitcoin BSC distinguishes itself by incentivizing 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.

4. FTX Token (FTT)

FTT is the token used on the FTX trading platform. This token was unveiled four years ago in 2019. The platform’s success rubs off on the token because of the demand placed on it. Currently, the FTX token is trending, and it joins our list of the Best Crypto to Buy now.

FTX was founded by a team of prominent crypto traders who identified issues with existing crypto futures exchanges and decided to create their platform. FTX distinguishes itself with features like clawback prevention, a centralized collateral pool, and universal stablecoin settlement. The exchange is centralized and was launched by Sam Bankman-Fried in 2019.

It has received backing from major players in the crypto industry, including Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures, and Sequoia Capital. As of 2022, the platform boasted over a million registered users, with daily trading volumes reaching into the billions of dollars.