The cryptocurrency market’s recent price movements have left investors in a major dilemma. While a major chunk of the masses has been pulling out funds, the crypto winter doesn’t seem to affect experienced investors and top organisations. Infact, these entities have been actively finding the best cryptocurrencies to buy and stock up on.
Naturally, cryptocurrency projects too, have been building their infrastructure aggressively, to be ready for the next bull run. With major updates and developments in respective ecosystems, some of them have already started gaining traction. Listed below are some of the best cryptocurrencies to buy today, if one is looking to start investing in high-potential projects right now.
Headed by Dennis Creighton, IMPT.io is one of the most eco-friendly projects to have been announced recently. For the same reason, it has managed to stack up a huge community within a short period. Currently, in its presale phase, the project aims to solve the carbon footprint problem and help the environment.
IMPT.io is a carbon offset program, which allows users to buy, sell or even retire carbon credits. With more than 10,000 brands already committed to joining IMPT.io, the presale for the ecosystem has been rather strong. The first phase which started on 3rd October has already sold out tokens worth more than $5.7 million.
Founded by Kain Warwick, Synthetix is, in simple terms, a Decentralized Exchange and platform for synthetic assets. Initially, the network was launched in 2017 under the name Havven before it was rebranded as Synthetix. The project provides direct on-chain exposure to several crypto and non-crypto assets.
The token SNX has been consolidating in the $2.2 level for several months now, with some volatile price movements at times. However, it may be one of the best cryptocurrencies to buy today, as the project has recently been gaining huge popularity in the space.
Launched in June 2018, Quant is an OS distributing ledger technology and Overledger network for connecting various blockchain networks. In short, it is a project that aims to fill the gaps between various blockchains using Overledger. As interoperability is a need of the hour in the industry, Quant has been in high demand.
While the native token QNT has already seen a decent pump, it could be a great opportunity to stock up on some right now. At the time of writing, QNT is trading at around $182 with a market cap of more than $2 billion.
LDO (Lido DAO)
Lido is a Decentralized Autonomous Organization or DAO that provides a liquid staking service for Ethereum 2.0. It allows users to stake ETH tokens without any criteria and enjoy on-chain activities. There is no requirement for the maintenance of staking infrastructure. The recent surge in Lido’s demand has been due to rumours of upcoming exchange listings and some major developments.
LDO is currently trading at more than 80% lower than its all-time high of around $6.4. However, this situation may change soon, as the expected updates will roll out along with impactful announcements in the upcoming days.
Tamadoge is one of the most innovative and high-demand projects in the cryptocurrency space now. This recently launched ecosystem boasts a unique combination of memecoin status and high utility. Tamadoge can be considered the newest entrant to the Doge ecosystem. It is a P2E game platform, that is set to host several blockchain-based games in the future.
Tamadoge had one of the most successful presales ever, where it managed to raise more than $16 million worth of TAMA tokens. Currently, developers have been looking to bring the token to more exchanges to increase the exposure of the project. The token is currently trading at $0.02 and is likely to shoot up in the upcoming days.
Created by Medha Parlikar and Mrinal Manohar, Casper was launched on the mainnet in 2021. Casper CBC is the first live proof-of-stake (PoS) blockchain. In addition to blockchain technology, smart contracts, and DApps, the Casper platform aims to boost global adoption.
The Casper platform’s future-proof architecture makes it easy for developers of all backgrounds to use it and keep it updated to meet the evolving needs of users. Casper has been optimized to meet enterprise and developer needs, according to the official whitepaper. CSPR, the native token of the website is currently trading at $0.04 with a market cap of more than $450 million.
Pancakeswap is arguably the most popular and widely used DEX on the Binance Smart Chain. Launched in September, Pancakeswap is an Automated Market Maker and a Defi application for exchanges of cryptocurrencies. The project was created by an unknown group of developers. However, it has been up to date about any developments or related activities surrounding the ecosystem.
CAKE touched its all-time high in March 2021, when the token went as high as $42. However, after the crash, the token has been consolidating for quite a while in the $3-$4 range. But the increase of decentralization and demand for projects may contribute to the upcoming growth of CAKE, making it one of the best cryptocurrencies to buy today.
Aave has recently become one of the top-grossing Defi projects in the crypto space. Created by Stani Kulechov, this protocol is currently the leading choice among those looking to participate in Defi. Like any other Defi project, Aave also allows lending and borrowing on its platform.
Digital assets are deposited into specially created liquidity pools by lenders and earn interest. Using this liquidity, borrowers can take out a flash loan using their crypto as collateral. Holders of AAVE receive discounted platform fees, and it also serves as a governance token, allowing them to influence the development of the protocol. The AAVE token is currently trading at around $82, after a decent spike in the past couple of days.
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