{"id":450671,"date":"2023-10-23T19:18:01","date_gmt":"2023-10-23T19:18:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=450671"},"modified":"2023-10-23T19:18:01","modified_gmt":"2023-10-23T19:18:01","slug":"best-crypto-to-buy-now-october-23-multiversx-mina-fantom","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-october-23-multiversx-mina-fantom","title":{"rendered":"Best Crypto to Buy Now October 23 – MultiversX, Mina, Fantom"},"content":{"rendered":"

Crypto traders are always searching for the <\/span>best cryptocurrencies<\/span><\/a> to buy on any given day – we list some high-potential coins in this post.<\/span><\/p>\n

Bitcoin (BTC) miners’ stocks are surging on Monday as the largest cryptocurrency by market value maintains its position above $30,000, even as the mining industry anticipates an upcoming halving event that could halve mining rewards.<\/span><\/p>\n

Best Crypto to Buy Now<\/b><\/h2>\n

Shares of Bit Digital (BTBT), <\/span>TeraWulf<\/span><\/a> (WULF), Hut 8 (HUT), and CleanSpark (CLSK) have seen impressive gains of over 10%, outpacing their counterparts like Marathon Digital (MARA), Riot Platforms (RIOT), and Hive Digital (HIVE), which recorded increases between 5% and 9%. The only mining stock in decline is Bitdeer (BTDR), with a drop of about 10%.<\/span><\/p>\n

\"Global<\/p>\n

Global Crypto Market Cap Chart<\/strong><\/em><\/p>\n

These movements in mining shares are particularly noteworthy as mining digital assets remain the primary revenue source for these companies. Notably, on Monday, other crypto-related stocks, including Coinbase (COIN) and MicroStrategy (MSTR), saw less than 6% increases.<\/span><\/p>\n

Mining stocks have outperformed bitcoin’s performance this year, rebounding from their 2022 slump. The Valkyrie Bitcoin Miners ETF (WGMI), which monitors mining stock performance, has doubled in value this year, while Bitcoin has seen an 87% increase.<\/span><\/p>\n

1. MultiversX (EGLD)<\/b><\/h3>\n

MultiversX is a blockchain protocol aiming to revolutionize the new internet ecosystem by offering exceptional transaction speeds through sharding technology. Its key focus areas encompass fintech, decentralized finance, and the Internet of Things.<\/span><\/p>\n

\"MultiversX<\/p>\n

With an intelligent contracts execution platform capable of 15,000 transactions per second, a six-second latency, and a $0.001 transaction cost, MultiversX boasts impressive technical prowess. The project revolves around rewarding its community and active participants with EGLD tokens, which are integral to the Elrond network.<\/span><\/p>\n

EGLD serves as a currency for network usage and a medium of exchange between users and validators. It facilitates smart contract deployment, protocols, and dApps while allowing participants to engage in network actions. With governance functionalities and a commitment to scalability, MultiversX positions itself as a valuable asset in the blockchain landscape.<\/span><\/p>\n

Its secure proof-of-stake consensus mechanism and innovative sharding approaches make it an enticing prospect for investment, particularly as it continues to build a robust ecosystem and establishes EGLD as a store of value in the ever-evolving crypto space.<\/span><\/p>\n

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There is so much creative energy flowing within the #MultiversX<\/a> ecosystem. Empowering some of the most dedicated builders in the entire blockchain world.<\/p>\n

From social impact to community focus and beyond, today we are recognizing the best 12 of them.<\/p>\n

Community Awards at #xDay<\/a> pic.twitter.com\/9r4Gg6EV22<\/a><\/p>\n

— MultiversX (@MultiversX) October 23, 2023<\/a><\/p><\/blockquote>\n