Best Crypto to Buy Now September 25 – Worldcoin, Shiba Inu, Polygon

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Crypto traders are always on the hunt for the best cryptocurrencies to buy on any given day – we list some high-potential coins in this post. In a bid to assist crypto traders, investors and enthusiasts with this hunt, we have compiled a list of the best cryptos to buy, as we have done previously.

Even as a virtual currency, cryptocurrencies still bow to the laws of supply and demand. When a cryptocurrency is popular and in demand for certain reasons or even possesses the potential for demand, and there is a capped supply, the price often skyrockets.

Global Crypto Market Cap Chart

However, we shorten the arduous processes involved in concluding the best cryptocurrencies to invest in.

Best Crypto to Buy Now

The situation around Bitcoin and Ether has remained the same. According to reports, the crypto giants, alongside other tokens, including Toncoin, are taking a beating.

Fortunately, other healthy cryptos are worth investing in, and we have put them together in this list. Let us meet them.

1. Worldcoin (WLD)

Worldcoin is a project with a mission to establish the world’s largest identity and financial network as a public utility, with the aim of providing ownership and access to everyone. Central to the Worldcoin system is the concept of World ID, a global identity network designed to maintain user privacy while enabling the verification of humanness online through a process known as “Proof of Personhood” using zero-knowledge proofs.

To participate in the Worldcoin protocol, individuals need to download the World App, the first wallet app capable of creating a World ID. Individuals then visit a physical imaging device called the Orb to have their World ID Orb verified. These Orbs are typically operated by independent local businesses known as Orb Operators. The Orb uses multispectral sensors to confirm humanness and uniqueness, with all images being promptly deleted on-device by default unless explicit consent is given for data custody.

World ID Orb-verified holders are entitled to claim recurring grants of free WLD tokens (note that WLD tokens are not available in the United States). This distribution model has the potential to make WLD one of the most widely distributed digital currencies globally.

The WLD token is designed as a utility token with governance properties, giving users influence over the protocol’s future. Beyond traditional “one-token-one-vote” governance mechanisms, World ID introduces the possibility of “one-person-one-vote” mechanisms, and these two approaches can be combined for new governance methods. The Worldcoin Foundation plans to collaborate with the community on defining how World ID and the WLD token will interact within Worldcoin’s governance model.

More than 200K Chileans have now verified their World ID 🫡https://t.co/KOfcq8yh53

— Worldcoin (@worldcoin) September 24, 2023

While the community will determine the primary utility of the token, potential use cases for the WLD token could include governance participation, payments within World App or other wallet apps, transactions, and signalling approval for specific initiatives or causes.

WLD is an ERC-20 token on the Ethereum network, and users are expected to receive their grants on the Optimism Mainnet. As a result, most WLD transactions are likely to occur on the Optimism network.

2. Polygon (MATIC)

Polygon, formerly known as Matic Network, is a platform designed to address Ethereum’s scalability and infrastructure challenges. At its core, Polygon features the Polygon SDK, a flexible and modular framework that supports the development of various types of applications.

Developers using Polygon can create different solutions, including optimistic rollup chains, ZK rollup chains, standalone chains, and other infrastructure required for their specific needs. The platform effectively transforms Ethereum into a multi-chain system, often referred to as the Internet of Blockchains, similar to other projects like Polkadot, Cosmos, and Avalanche. It leverages Ethereum’s security, vibrant ecosystem, and openness.

The $MATIC token plays a crucial role within the Polygon ecosystem, contributing to system security and governance.

Polygon is a Layer 2 scaling solution supported by major players in the crypto industry, including Binance and Coinbase. Its primary goal is to drive mass adoption of cryptocurrencies by addressing scalability issues on various blockchains.

Polygon combines the Plasma Framework and a proof-of-stake (PoS) blockchain architecture. The Plasma framework, initially proposed by Ethereum co-founder Vitalik Buterin, enables the execution of scalable and autonomous smart contracts.

For existing projects built on the Plasma-POS chain, nothing will change. However, Polygon is continually developing new features around its proven technology to meet the diverse needs of the developer ecosystem and scale to a larger audience.

Polygon boasts impressive performance metrics, including up to 65,000 transactions per second on a single sidechain and a block confirmation time of less than two seconds. The platform also enables the creation of globally available decentralised financial applications on a foundational blockchain.

https://twitter.com/onPolygon_/status/1702412409028141375

The Plasma framework provides Polygon with the capacity to host an unlimited number of decentralised applications without encountering the typical limitations seen on proof-of-work blockchains. So far, Polygon has attracted over 50 DApps to its PoS-secured Ethereum sidechain.

MATIC, the native token of Polygon, is an ERC-20 token running on the Ethereum blockchain. It serves as the payment currency within the Polygon ecosystem, facilitating settlements between users and covering transaction fees on Polygon sidechains.

3. Launchpad XYZ (LPX)

Launchpad XYZ is making waves in cryptocurrency, with its presale on the verge of reaching an impressive $1 million milestone. This achievement underlines the platform’s significant growth potential and investors’ trust in its prospects. Currently available for $0.0445 during its presale phase, Launchpad XYZ continues to attract investors eager to participate before it hits exchanges.

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

At the heart of Launchpad XYZ lies a user-centric philosophy, emphasising its commitment to equipping traders with essential information to make informed decisions about their cryptocurrency investments. The platform’s real-time data and insights into market sentiment across various assets make it a valuable resource for today’s traders.

The rapidly growing interest and demand for Launchpad XYZ‘s unique features have propelled its presale toward a swift sellout. Investors recognising the platform’s potential can join the community and leverage its advantages. This project could become the next significant cryptocurrency poised for substantial growth.

4. Shiba Inu (SHIB)

SHIB, the native token of the Shiba Inu ecosystem, has become a global sensation, offering a decentralised, community-driven digital currency to millions of users worldwide. Launched in late 2020 on the Ethereum blockchain, SHIB has garnered widespread adoption and is now accepted for payments at numerous locations, either directly or through third-party intermediaries.

The creation of the Shiba Inu coin can be traced back to an anonymous individual operating under the pseudonym “Ryoshi,” who introduced the token in August 2020. Ryoshi has maintained a low profile and described themselves as unimportant, suggesting that any efforts to uncover their true identity would likely be underwhelming.

This meme coin quickly gained traction and value, attracting a community of investors charmed by its cute branding. High-profile endorsements from figures like Elon Musk and Vitalik Buterin further contributed to its popularity. While there were speculations that Vitalik Buterin was the creator of Shiba Inu, he denied these rumours during an interview on the Lex Fridman podcast in June 2021.

Woof #Shibarium https://t.co/vwRCyfKfxW

— Shib (@Shibtoken) September 5, 2023

Since its launch, SHIB can be traded on ShibaSwap, the ecosystem’s decentralised exchange.

A significant milestone for SHIB occurred on September 17, 2021, when Coinbase, the largest U.S.-based cryptocurrency exchange, listed Shiba Inu on its platform. This listing resulted in a more than 40% increase in SHIB’s price over the following two days, thrusting the meme-inspired token back into the spotlight.