{"id":600235,"date":"2024-11-18T18:40:22","date_gmt":"2024-11-18T18:40:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=600235"},"modified":"2024-11-18T18:40:22","modified_gmt":"2024-11-18T18:40:22","slug":"top-cryptocurrencies-to-buy-now-october-18-quant-algorand-polkadot","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-cryptocurrencies-to-buy-now-october-18-quant-algorand-polkadot","title":{"rendered":"Top Cryptocurrencies to Buy Now October 18 – Quant, Algorand, Polkadot"},"content":{"rendered":"

As cryptocurrencies continue to reshape global financial systems, governments and policymakers are exploring the benefits of adopting Bitcoin as a strategic reserve asset. Polish presidential candidate Sławomir Mentzen openly supported establishing a Bitcoin reserve for Poland. This follows a growing trend among nations recognizing Bitcoin’s potential to serve as a hedge against inflation and as an alternative to fiat currencies.  <\/span><\/p>\n

Mentzen’s stance mirrors strategies seen worldwide, where Bitcoin’s decentralized nature and limited supply position it as a valuable asset in a country’s financial arsenal. With leaders and governments considering such moves, the discussion around adopting Bitcoin gains traction, adding relevance to the ongoing search for the <\/span>top cryptocurrencies to buy now<\/a>.  <\/span><\/p>\n

Top Cryptocurrencies to Buy Now <\/b><\/h2>\n

This article examines some of the top tokens to consider for investment. Akash Network has experienced notable growth, with a 19.89% increase in price over the last hour, pushing its value to $3.90. In addition, Polkadot has seen significant growth in user adoption, averaging 1,000 to 2,000 new daily accounts since mid-October. Meanwhile, Quant has demonstrated strong performance, with its price rising nearly 10% in the past 24 hours.<\/span><\/p>\n

1. Algorand (ALGO)<\/b><\/h3>\n

Algorand is a blockchain network designed to enhance transaction speed, reduce fees, and improve efficiency compared to older networks like Bitcoin. It uses a pure proof-of-stake protocol, eliminating mining and reducing energy consumption. The network supports various dApps and aims to provide a scalable solution for blockchain users.<\/span><\/p>\n

Recently, Algorand’s total number of addresses grew by 63% quarter-over-quarter, increasing from 0.8 million to 1.3 million. This growth reflects initiatives like partnerships, educational programs in countries such as Nigeria and India, and developer-focused efforts like the Algorand Incubator. <\/span><\/p>\n

\"ALGO<\/p>\n

Furthermore, the platform’s total value locked increased by 12% over the past quarter, rising from $173 million to $194 million. This growth was driven by activity on major protocols in its ecosystem. ALGO, the platform’s native token, is currently trading at $0.2151, marking a daily increase of 10.88%. <\/span><\/p>\n

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The Q3 Algorand @MessariCrypto<\/a> report just dropped.<\/p>\n

Key Insights:<\/p>\n

📈New addresses on Algorand grew by 63% QoQ, from 0.8 million to 1.3 million, driven by the Coinbase Learning Rewards program.<\/p>\n

📈Algorand’s DeFi TVL increased by 12% QoQ, rising from $173 million to $194… pic.twitter.com\/1mvS2fiqbS<\/a><\/p>\n

— Algorand Foundation (@AlgoFoundation) November 14, 2024<\/a><\/p><\/blockquote>\n