The 5 Best Cryptos to Buy Now In the Month of October

Since the crypto market crash of 2022, the overall market capitalization of all cryptocurrencies has been steadily declining. Despite this, investors continue to focus on certain coins like those below in the hopes of generating big profits.

Let’s take a look at the top 5 cryptocurrencies to invest in right now during the month of October, each of which might bring you significant profits by the end of the year.

IMPT

Just two weeks after its presale began the new eco-friendly cryptocurrency IMPT has already garnered over $6 million.

The goal of the initiative is to make carbon credits, which businesses employ to negate their carbon emissions, more widely available for trading by people and small enterprises alike, so contributing to the resolution of the climate issue.

More than ten thousand businesses, including major players like Microsoft and Amazon, have joined the initiative.

With the use of carbon credits, businesses are able to buy the right to release greenhouse gases into the atmosphere while also supporting environmentally friendly initiatives.

More than half of the tokens available in the presale’s first phase have been purchased at a price of $0.018 apiece. Price increases of $0.023 and $0.028 will occur in the final two stages.

TAMA

After launching on an exchange at the tail end of September, Tamadoge quickly became a popular meme currency.

TAMA’s price may have fallen, but the initiative is moving along as planned; it has already distributed 1,100 NFT puppies.

After the initial batch of 100 Ultra-Rare NFT Pets sold last week for over 250 ETH and became the most popular collection on OpenSea, another thousand Rare Pets are now available for purchase.

In the near future, another 20,000 Pets will be published; these pets will be utilized in the Tamadoge game, which is modeled on the popular 1990s toy Tamagotchi.

Players can then nurture and take care of their pets by feeding them, playing with them, and helping them level up before competing their pets in a battle against their competitors to receive rewards and make a place in the leaderboard.

Additional games and a virtual reality app are planned for later in the product life cycle.

As part of the ecosystem, 5% of TAMA tokens will be burnt in the pet store, where users may purchase items to help their virtual pet develop.

RVN

Ravencoin is an online P2P network with the stated goal of launching a blockchain optimized for the exchange of assets between users. Ravencoin was introduced on October 31, 2017, and its mining binaries were made available on January 3, 2018, following a fair launch that included no pre-mined and ICO’s. The name is an allusion to the popular television series “Game of Thrones.”

There was a 24-hour trading volume of $27,926,992 worth of Ravencoin at its current price of $0.030105 USD. The value of one RVN in US Dollars is automatically updated every minute. Within the last day, the value of Ravencoin has decreased by 8.45 percent. With a current market cap of $354,961,338 USD, it is now ranked #94 on CoinMarketCap. There are a total of 11,790,969,426 RVN in circulation and a maximum of 21 billion RVN in circulation.

AAVE

Aave is a cryptocurrency lending and borrowing system that operates on a decentralized network. Digital assets deposited into liquidity pools by lenders receive interest. Then, with all that cash on hand, borrowers may get a quick loan using their crypto as collateral.

When it was began in November 2017, it was called ETHLend, but in September of 2018, it was rebranded as AAVE which when translated in Finnish means “ghost”.

Holders of AAVE benefit from reduced platform costs, and as a governance token, they have a vote in how the protocol evolves.

Today’s trading volume for Aave is $177,185,374, making the current price $82.76 USD. The AAVE value that we display in US dollars is always up to date. In the past day, Aave has gained 0.13 percent. Market capitalization as of this writing was $1,166,337,249 USD, placing it at position #44 on CoinMarketCap. 14,093,193 AAVE coins are now in circulation, with a total quantity of 16,000,000 AAVE coins.

MKR

A governance token of the Maker Protocol, Maker is a decentralized organization and a software platform, respectively, both built on the Ethereum blockchain that enable users to issue and control the DAI stablecoin.

Maker, an initiative founded in 2015 and released in its entirety in December 2017, is responsible for running DAI, a decentralized cryptocurrency with a value that is softly linked to the US dollar and is governed by the community.

While MKR tokens do not provide dividends to their investors, they do offer holders a say in the direction Maker Protocol takes and are projected to rise in value in tandem with the success of DAI itself, much like voting shares do for the company that controls DAI.

Decentralized finance (DeFi) is the sector that with the help of smart-contract-enabled blockchains programs like ETH, create decentralized financial products and the Maker ecosystem is one of the early efforts on the scene.

There has been a 24-hour volume of $85,856,550 USD at the current Maker price of $1,091.16. Our MKR to USD conversion is always up to date. During the past day, Maker has lost 1.16 percent of its value. Market cap as of right now is $1,066,748,153 USD, placing it at position #47 on CoinMarketCap. There are a total of 977,631 MKR in circulation and 1,005,577 MKR in total circulation.

Final Word

The best cryptos to buy now have been thoroughly examined in this guide, with their many applications, current price, volume, developments and future potential discussed.

Coins like these continue to be in demand despite the crypto market’s volatility, suggesting they may have a strong recovery once the current downturn ends. Total cryptocurrency market capitalization has risen beyond $1 trillion for the first time since early December.

As a personal preference, we believe that IMPT and Tamadoge are the two of the most promising new cryptocurrencies available today. Especially with IMPT in its presale, it is already the most successful presale of 2022 as it is based on a unique solution to curb environmental issues.