{"id":594068,"date":"2024-11-01T16:52:30","date_gmt":"2024-11-01T16:52:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=594068"},"modified":"2024-11-01T16:52:30","modified_gmt":"2024-11-01T16:52:30","slug":"best-crypto-to-buy-now-november-1-avalanche-immutable-mantra","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-november-1-avalanche-immutable-mantra","title":{"rendered":"Best Crypto to Buy Now November 1 – Avalanche, Immutable, MANTRA"},"content":{"rendered":"

Bitcoin spiked above $70,000 yesterday, with investors showing strong interest ahead of the 2024 U.S. presidential election. Some analysts believe it could soon surpass its all-time high of $73,737 and potentially even reach $200,000 later in the year, though this remains speculative and depends on market dynamics.<\/span><\/p>\n

Meanwhile, altcoins show a consolidating trend with short-term price fluctuations in a narrow range. Crypto analyst Miles Deutscher notes that altcoins are forming a “flag pattern,” with higher lows suggesting a possible price increase soon. However, they have not yet reached their previous highs, indicating that a larger breakout may take time.<\/span><\/p>\n

As such, market participants are seeking tokens that may yield gains in anticipation of a potential upward trend. This article analyzes the <\/span>best crypto to buy now<\/span><\/a>, pinpointing altcoins that could provide substantial gains to investors.<\/span><\/p>\n

Best Crypto to Buy Now<\/b><\/h3>\n

Flockerz is gaining traction in the cryptocurrency market, recently surpassing $1 million in presale funding. Additionally, MANTRA Chain has partnered with Google Cloud to enhance its infrastructure, improving scalability and reliability. Meanwhile, Avalanche has integrated with Entangle, aiming to enhance user experience through better interoperability with other blockchain networks. <\/span><\/p>\n

1. Celestia (TIA)<\/b><\/h3>\n

Celestia is designed as a modular blockchain network that allows users to create their blockchain with minimal effort. Unlike traditional blockchains that handle data storage, consensus, and execution as a single system, Celestia separates these processes. This approach makes it easier for developers to launch customized blockchains without the setup complexity typically associated with blockchain creation.<\/span><\/p>\n

Celestia acts as a data availability layer, which means it stores and provides access to data for other blockchains and rollups. The platform uses data availability sampling to ensure data accessibility without taking on transaction execution or settlement. This design lets developers focus on specific features and allows for more flexibility and innovation within the ecosystem.<\/span><\/p>\n

\"TIA<\/p>\n

Recently, Celestia unlocked a significant amount of its TIA tokens, worth around $890 million at current prices, which has affected its market performance. Since the token unlock, TIA’s price has dropped by about 20% over the past week and remains 77% below its all-time high. Still, the token has recorded positive performance for 17 of the past 30 days, showing activity in the market. <\/span><\/p>\n

The token has a high 24-hour trading volume-to-market-cap ratio of 0.9333, suggesting a good level of liquidity. Price forecasts from Coincodex indicate a potential rise of 225.98% in the next month, with a possible price of $15.72.<\/span><\/p>\n

2. Immutable (IMX)<\/b><\/h3>\n

Immutable is a layer-two solution for NFTs on the Ethereum network. It aims to solve some of the common problems associated with Ethereum, such as low scalability, high transaction fees, and a complicated user experience. <\/span>
\n<\/span>
\n<\/span>Moreover, the project seeks to provide faster trading, greater scalability, and zero gas fees for minting and trading NFTs. This approach is intended to make the process easier and more cost-effective for users while ensuring the security of both users and their assets.<\/span><\/p>\n

\"IMX<\/p>\n

Currently, the IMX token is trading at $1.15 and has declined 14.74% in the past 24 hours. Despite this dip, trading volume has surged by 119.78%, reaching $74.24 million. Over the last year, the price of IMX has increased by 69%, outperforming 55% of the top 100 cryptocurrencies. <\/span><\/p>\n

\n

Immutable has committed a total of up to 1.5M $IMX<\/a> token grants to GAM3 Awards finalists and winners that join our ecosystem.<\/p>\n

The future of gaming is Immutable. Come build. pic.twitter.com\/3B33dqxKKw<\/a><\/p>\n

— Immutable (@Immutable) October 29, 2024<\/a><\/p><\/blockquote>\n