{"id":588065,"date":"2024-10-16T16:54:40","date_gmt":"2024-10-16T16:54:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=588065"},"modified":"2024-10-16T16:54:40","modified_gmt":"2024-10-16T16:54:40","slug":"best-cryptocurrencies-to-invest-in-right-now-october-17-arbitrum-stellar-near-protocol","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-cryptocurrencies-to-invest-in-right-now-october-17-arbitrum-stellar-near-protocol","title":{"rendered":"Best Cryptocurrencies to Invest in Right Now October 17 – Arbitrum, Stellar, NEAR Protocol"},"content":{"rendered":"

As of October 16, Bitcoin has surged past $67,000 in 24 hours, marking significant activity in the cryptocurrency market. Altcoins are recording gains, with Arbitrum seeing a 0.75% rise and Stellar increasing by 1.01%. The upcoming U.S. presidential elections are adding uncertainty, as potential outcomes could impact cryptocurrency prices. <\/span>
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\n<\/span>Additionally, Grayscale plans to convert Solana, Avalanche, and XRP trusts into ETFs, which has attracted further interest. As the market continues to shift, investors are looking for the<\/span> best cryptocurrencies to invest in right now<\/a>. By analyzing price movements and institutional trends, they hope to identify promising altcoins that could offer strong potential for future growth.<\/span><\/p>\n

Best Cryptocurrencies to Invest in Right Now<\/b><\/h2>\n

Arbitrum has recently expanded its capabilities by partnering with the Tria platform, aiming to improve chain abstraction. Meanwhile, NEAR Protocol is currently valued at $4.99, reflecting a 2.45% rise over the past week. Additionally, the Stellar Development Foundation has joined forces with Mastercard to streamline the process of transferring money through cryptocurrency. This partnership enables users to add labels to remittances and peer-to-peer transactions on the Stellar network, further enhancing its utility.<\/span><\/p>\n

1. Arbitrum (ARB)<\/b><\/h3>\n

Arbitrum is a layer-two (L2) scaling solution for Ethereum that aims to make transactions faster, cheaper, and more efficient. It uses a technology called optimistic rollups, which processes transactions off the main Ethereum network while still relying on Ethereum’s security. This method helps reduce fees and allows for more transactions at once compared to using Ethereum directly.<\/span><\/p>\n

\"ARB<\/p>\n

Recently, Arbitrum advanced its capabilities by collaborating with the Tria platform to enhance chain abstraction. This partnership aims to simplify interactions across various blockchain ecosystems, including Ethereum Virtual Machine (EVM), Solana, Cosmos, Move, and Bitcoin-based chains.<\/span><\/p>\n

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We're thrilled to bring the next evolution of chain abstraction on Arbitrum with @useTria<\/a>. <\/p>\n

Users and assets from EVM, Solana, Cosmos, Move, and Bitcoin-based chains can now interface with Arbitrum Orbit as fluently as native assets—no more bridging, gas tokens, or new wallets. https:\/\/t.co\/OcfbCuxy3v<\/a><\/p>\n

— Arbitrum (💙,🧡) (@arbitrum) October 15, 2024<\/a><\/p><\/blockquote>\n