{"id":451079,"date":"2023-10-24T17:42:57","date_gmt":"2023-10-24T17:42:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=451079"},"modified":"2023-10-24T17:42:57","modified_gmt":"2023-10-24T17:42:57","slug":"best-crypto-to-buy-now-october-24-conflux-singularitydao-filecoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-october-24-conflux-singularitydao-filecoin","title":{"rendered":"Best Crypto to Buy Now October 24 – Conflux, SingularityDAO, Filecoin"},"content":{"rendered":"

Each day, we review some picks for the <\/span>best cryptos to buy now<\/span><\/a> based on the latest market movements, blockchain news and trending narratives.<\/span><\/p>\n

On Monday, Bitcoin (BTC) reached a new high for the year, surging beyond $34,000, driven by growing optimism about the potential approval of a spot Bitcoin ETF for U.S. investors. Within the past 24 hours, these price gains have resulted in $327 million worth of liquidations across the crypto market.<\/span><\/p>\n

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

Bitcoin’s current trading price is $34,187.10, exceeding its previous yearly high of $31,400, recorded on July 13. Notably, this previous surge was prompted by the excitement surrounding Ripple’s legal victory against the <\/span>Securities and Exchange Commission (SEC).<\/span><\/a><\/p>\n

\"Global<\/p>\n

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

The recent Court of Appeals ruling has formally instructed the SEC to reconsider Grayscale’s application for a spot Bitcoin ETF, a decision that many believe the agency is now inclined to accept.<\/span><\/p>\n

1. Conflux (CFX)<\/b><\/h3>\n

Conflux (CFX) distinguishes itself as a public blockchain designed to power decentralized applications (dApps), e-commerce, and the evolving landscape of Web 3.0 with a focus on scalability, decentralization, and security.<\/span><\/p>\n

This blockchain simplifies the transfer of valuable assets, offering speed, efficiency, low transaction costs, and freedom from network congestion.<\/span><\/p>\n

\"Conflux<\/p>\n

Conflux’s technical architecture incorporates the innovative Tree-Graph consensus mechanism, blending Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus.<\/span><\/p>\n

It’s compatible with Ethereum’s EVM, making it accessible to developers. The CFX native token plays a central role, incentivizing participation and governance within the network. Conflux’s interoperability through ShuttleFlow sets it apart, enabling seamless asset transfer to various blockchains.<\/span><\/p>\n

With a focus on secure and scalable dApp development, Conflux, supported by its robust consensus algorithm, promises a brighter future in the crypto space. However, as with any investment, careful evaluation is crucial to determine its suitability for your portfolio.<\/span><\/p>\n

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🚀 A giant leap towards fostering #Web3<\/a> adoption and innovation within the #UAE<\/a> and beyond! <\/p>\n

🌍 Honored to have @NewTribeCap<\/a> by our side, assisting us in expanding our footprint in the UAE through meaningful partnerships, regulatory engagements, and local project support. <\/p>\n

🤝… https:\/\/t.co\/QnzjgOHnvX<\/a><\/p>\n

— Conflux Network Official (@Conflux_Network) October 23, 2023<\/a><\/p><\/blockquote>\n