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‘What is the best crypto to buy right now’ is a common question asked by investors – in this article, we explore a range of tokens to watch.
The complex macroeconomic environment, exacerbated by ongoing uncertainties related to the US debt ceiling and looming recession fears, has placed the crypto market in a precarious position, aligning it with other risk assets.
Best Crypto to Buy Now
Currently, Bitcoin is trading at $26,342, reflecting a 2.07% dip for the day and a cumulative 11.5% decline for May. While the latest Consumer Price Index (CPI) data offered a glimmer of optimism, apprehensions surrounding the US debt ceiling and the potential economic headwinds exert more substantial downward pressure on BTC and the broader crypto market.
Global Crypto Market Cap Chart
In this muted phase for Bitcoin, alternative cryptocurrencies such as Bitget Token, XDC Network, and Terra have garnered attention by demonstrating notable price fluctuations, making them stand out as some of the top crypto gainers on CMC today.
1. XDC Network (XDC)
The XDC Network is an EVM-compatible layer 1 blockchain that has positioned itself as a promising platform with a mission to address critical issues that plagued early blockchain networks.
It is an EVM-compatible, layer 1 blockchain compatible with the global payment messaging standard, ISO 20022. It offers a convenient environment for developers and financial institutions to build applications.
To tackle common industry challenges, XDC emphasizes enhancing network bandwidth, reducing high fees, and providing a developer-friendly experience.
This blockchain supports smart contracts, allowing developers to create applications and protocols while ensuring efficient processing through sharding, enabling over 2000 transactions per second.
Despite recent price volatility, its potential is underscored by a significant 90-day price change of 41.58%. XDC Network could be a worthy addition to a long-term investment portfolio, given its commitment to rectifying past blockchain shortcomings and the increasing trading volume indicative of growing interest in the platform.
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— XDC Foundation (@XDCFoundation) September 27, 2023
Today’s live XDC Network price is $0.049017, with a 24-hour trading volume of $3,151,006. XDC Network is up 1.81% in the last 24 hours. The current CoinMarketCap ranking is #47, with a live market cap of $679,683,088. It has a circulating supply of 13,866,372,733 XDC coins and the max. Supply is not available.
2. Bitcoin BSC (BSC)
Bitcoin BSC ($BTCBSC) presents an intriguing concept by replicating the token supply and price of Bitcoin in 2011, offering a fresh perspective in the crypto space. Its affordable entry point at just $0.99 per token and a total supply of 21 million tokens make it accessible to many investors.
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✔️ $BTCBSC is coming to @PancakeSwap!
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— Bitcoinbsc (@Bitcoinbsctoken) September 28, 2023
The impressive response during the presale, raising over $4 million and adding 2 million tokens to the staking pool quickly indicates strong early interest. To participate, the requirement of a Web3 wallet and various payment options, including ETH, USDT, BNB, or Credit Card, enhances accessibility.
While it’s essential to exercise caution and conduct due diligence, Bitcoin BSC’s unique approach and the community’s early engagement make it a potential venture worth considering, particularly for those who may have missed out on Bitcoin’s early days.
3. Terra (LUNA)
Terra (LUNA) has undergone a remarkable transformation from its Terra Classic roots, embracing a mission to continue the legacy of Terra Classic without the UST stablecoin, fostering a vibrant ecosystem with the dedicated LUNA community.
This commitment to evolution and a thriving user experience, evident in its peak second-place position in total value locked (TVL), signifies Terra’s determination to grow and adapt in the crypto landscape.
With numerous DApps migrating to Terra to sustain their operations and plans for LUNA token distribution to various stakeholders, Terra is charting a community-driven path.
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— Terra Governance Alerts (@terra_agora) September 22, 2023
While it’s crucial to assess the risks, Terra’s resilient approach to preserving its ecosystem and strong developer support make it an intriguing investment prospect for those interested in a dynamic blockchain project.
Today’s live Terra price is $0.521044, with a 24-hour trading volume of $215,531,866. We update our LUNA to USD price in real-time. Terra is down 0.43% in the last 24 hours. The current CoinMarketCap ranking is #129, with a live market cap of $201,577,158. It has a circulating supply of 386,871,983 LUNA coins, and the max supply is not available.
4. Bitget Token (BGB)
The Bitget token (BGB) exhibits strong bullish momentum, supported by its recent multi-week high and consistent gains over the past week. The technical indicators, including EMAs, RSI, and MACD, all suggest a positive trend for BGB.
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— Bitget (@bitgetglobal) September 28, 2023
The coin presents a compelling case for short-term investors, with its short-term, intermediate, and longer-term EMAs on an upward trajectory, along with RSI and MACD confirming bullish conditions.
Its immediate resistance level at $0.49111 is a crucial point to monitor, as a break above this level would affirm the ongoing uptrend. The technical outlook remains favorable as long as BGB maintains its position above $0.4594.
However, investors should exercise caution, as a drop below $0.4594 could indicate a trend reversal. Overall, the technical indicators point to the Bitget token as a coin with growth potential, making it worth considering for those seeking short-term investment opportunities.
Today’s live Bitget Token price is $0.457057, with a 24-hour trading volume of $18,364,474. We update our BGB to price in real time. Bitget Token is up 1.38% in the last 24 hours. The current CoinMarketCap ranking is #53, with a live market cap of $639,879,852. It has a circulating supply of 1,400,000,000 BGB coins and a max supply of 2,000,000,000 BGB coins.
5. Arbitrum (ARB)
Arbitrum emerges as a promising Ethereum layer-two scaling solution, aiming to address the longstanding challenges of speed, scalability, and cost-efficiency within the Ethereum ecosystem.
Leveraging optimistic rollups, it not only harnesses the robust security and compatibility of Ethereum but also substantially enhances transaction throughput while lowering fees. One of its standout features is its seamless support for unmodified EVM contracts and transactions, ensuring that existing Ethereum DApps can effortlessly transition to Arbitrum.
The platform’s decentralized network of validators, incentivized by ARB tokens, further fortifies its commitment to decentralization and transaction ordering. An expanding ecosystem of DApps, partnerships, and a consistently high Total Value Locked (TVL) metric signifies its growing relevance.
According to the project’s website, Arbitrum is a formidable scaling solution for Ethereum, offering scalability, flexibility, and decentralization, making it a strong contender in the crypto space.
Exciting to see that @bitso, the biggest exchange in Mexico and a prominent exchange in LATAM, has enabled $Eth deposits and withdrawals via Arbitrum 💙🧡 https://t.co/aY4dM0y1XO
— Arbitrum (💙,🧡) (@arbitrum) September 28, 2023
Its mission to improve the Ethereum experience and its track record, including the highest TVL among Layer 2 solutions, make it a compelling choice for investors seeking to benefit from Ethereum’s continued growth and evolution.
The live Arbitrum price today is $0.895138. with a 24-hour trading volume of $119,509,110. We update our ARB to USD price in real time. Arbitrum is up 9.05% in the last 24 hours. The current CoinMarketCap ranking is #39, with a live market cap of $1,141,301,398. It has a circulating supply of 1,275,000,000 ARB coins, and the maximum supply is not available.
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