{"id":593347,"date":"2024-10-31T08:19:37","date_gmt":"2024-10-31T08:19:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=593347"},"modified":"2024-10-31T08:19:37","modified_gmt":"2024-10-31T08:19:37","slug":"best-cryptocurrencies-to-invest-in-right-now-october-30-helium-conflux-optimism","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-cryptocurrencies-to-invest-in-right-now-october-30-helium-conflux-optimism","title":{"rendered":"Best Cryptocurrencies to Invest in Right Now October 30 – Helium, Conflux, Optimism"},"content":{"rendered":"

Bitcoin is approaching its all-time high as investors anticipate a market shift following the upcoming U.S. presidential election. On Tuesday, Bitcoin’s price rose to $73,577, approaching its previous high of $73,750, last recorded on March 13, based on Yahoo Finance data. As of now, it trades below $72,000.<\/span><\/p>\n

According to a digital asset strategist, the key drivers behind this recent price surge include seasonal factors—October’s second half is historically favorable for Bitcoin—and anticipation surrounding the U.S. election.<\/span><\/p>\n

This positive momentum in Bitcoin could influence the broader cryptocurrency market, potentially leading altcoins to see similar gains. With this outlook, many market participants are closely watching altcoins as potential opportunities for strong returns. InsideBitcoins has identified some of the <\/span>best cryptocurrencies to invest in right now<\/a>. <\/span><\/p>\n

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

Conflux recently partnered with Footprint Analytics, which aims to strengthen data-driven growth within Conflux’s ecosystem. Meanwhile, Lido DAO made strides in decentralized staking by introducing a Community Staking Module (CSM) following a community-approved vote. At the same time, Optimism’s price stands at $1.75, showing a 2.25% increase over the last day and a 2.88% rise over the past week.<\/span><\/p>\n

1. Helium (HNT)<\/b><\/h3>\n

Helium is designed to support Internet of Things (IoT) devices by enabling low-power, long-range connectivity. Its goal is to attract device owners and IoT enthusiasts, encouraging them to expand network coverage by operating Helium-compatible hotspots in exchange for HNT tokens. This incentive structure supports Helium’s efforts to build a large, distributed IoT network.<\/span><\/p>\n

\"HNT<\/p>\n

Currently, Helium is priced at $6.82, with a 24-hour trading volume of $11.08 million and a market cap of $1.16 billion, accounting for 0.05% of the total cryptocurrency market. Recent market sentiment appears optimistic, with a Fear & Greed Index score of 69, suggesting a greed phase where interest in the token is high. <\/span><\/p>\n

\"HNT<\/p>\n

Moreover, technical indicators show that Helium’s price sits significantly above its 200-day simple moving average (SMA), which is $2.25, by about 203.63%. Over the last month, the token saw 15 positive trading days, representing a steady trend, with 50% of recent days showing price gains. Over the past year, Helium’s price has grown by approximately 345%, placing it among the larger projects by market cap.<\/span><\/p>\n

Price projections for Helium suggest a potential increase of 25.17% in the coming month, with a target of $8.65 by November. Analysts suggest a near-term price range between $6.79 and $8.65, largely influenced by recent performance and current market trends. <\/span><\/p>\n

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

Conflux recently partnered with Footprint Analytics, a blockchain data platform designed to simplify analytics and help manage communities in the Web3 space. This collaboration aims to strengthen data-driven growth within Conflux’s ecosystem, supporting its efforts to expand in the Asian market. <\/span><\/p>\n

\"CFX<\/p>\n

At the time of analysis, CFX trades at $0.152, marking a 1.81% increase within the past 24 hours. The trading volume has also risen by 16.97% over the same period, signaling increased investor activity. With a 24-hour volume-to-market cap ratio of 0.2635, CFX demonstrates substantial liquidity for its market size.<\/span><\/p>\n

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We're excited to collaborate with @Footprint_Data<\/a>, a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable growth in Web3 projects.<\/p>\n

Together, we’ll empower data-driven growth in our ecosystem and unlock new… https:\/\/t.co\/0jUsaBPs6t<\/a><\/p>\n

— Conflux Network Official (@Conflux_Network) October 24, 2024<\/a><\/p><\/blockquote>\n