Each day, we review some picks for the best cryptos to buy now based on the latest market movements, blockchain news, and trending narratives. The crypto market continues its recovery trends as crypto assets maintain their uptrend.
The performance of tokens is also highlighted by impressive improvements, thanks to the growing positive sentiment among investors. At press time, the FEAR/GREED index is 73, indicating that the market is off to a good week.
However, before getting into the details of the best cryptocurrencies to buy now, it’s important to note that Bitcoin continues to hover around the $35K price. Therefore, investors should have to watch closely as it might influence the crypto outlook for the rest of the week.
Best Crypto to Buy Now
In the meantime, today’s list of the best cryptos to buy now includes HELLO, AAVE, Polygon, and upcoming tokens like the BTCMTX. We will delve deeper into the BTCMTX opportunity to unveil the project that may rewrite the rules of Bitcoin mining in the coming years.
Investing in established crypto winners might be a way to guarantee immediate ROI. However, identifying presale opportunities like BTCMTX presents a way to earn higher value in the long run. The article presents the details of the project, and it reveals how investors can hop on board. With that said, let’s jump right in.
1. Aave (AAVE)
There are noticeable Aave whale activities in the early hours of today, making people wonder if Aave is the best crypto to buy now. The rise in transaction volume has resulted in over 8% increase in the token’s price, pushing it into the $100 range. However, it swung into a pullback with its price at $97.89, a 2% increase over what it recorded yesterday. Similarly, Aave trading volume increased by over 30%.
There are speculations that the price of Aave can double its value in the early months of the next year. The prediction comes for its current trend, which is about to clear the resistance zones between $109 – $117. With that, AAVE can rally as far as $200.
Interestingly, the DeFi sector is gradually recording a rise in activities, with an 11.9% increase in trading volume in the last 24 hours. AAVE is one of the leading assets in the sector, and it’s likely going to be one of the biggest gainers in the sector.
Moreover, AAVE’s price continues with its bullish momentum, with over 15 green days in the last month and a value above its 200-day ema. With that, investors should expect a breakout above the resistance zone soon.
On the flip side, some factors might threaten the future gains of the token. First is its recent vulnerability report, which is quite critical.
Today we received a report of an issue on a certain feature of the Aave Protocol. After validation by community developers, the guardian has taken the following temporary prevention measure (no funds are at risk):
— Aave (@aave) November 4, 2023
However, a post on the platform’s official Twitter handle stated that the team is already working to resolve the challenge. Additionally, AAVE’s volatility may also threaten future gains. Hence, it’s best to watch the trend closely and make accurate decisions.
2. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is one of the latest innovative projects to democratize Bitcoin mining. It’s leveraging the power of blockchain tech and cloud computing to provide investment opportunities to all.
According to the Bitcoin Minetrix website, the vision is to provide hassle-free BTC mining for the next ten years. Hence, it’s leveraging the decentralized model that allows holders of the BTCMTX token to profit from its robust innovation.
Currently, BTCMTX is offered on presale at $0.0115, and the token just crossed $3,600,000. Bitcoin Minetrix is gradually heading towards its goal. Consequently, the price will increase in four days. Investors who wish to profit from the coming bull market should take advantage of the opportunity presented by the BTCMTX token and own a piece of the robust mining innovation.
— Bitcoinminetrix (@bitcoinminetrix) November 5, 2023
Interestingly, BTCMTX is offered at a fraction of its true worth, making it easier to own a bag with the next upcoming crypto to explode. The details of the project and its tokenomics are included on the project’s presale page.
3. HELLO Labs (HELLO)
HELLO has recorded gains of over 130% in the last 30 days, and it’s fast becoming one of the best cryptos to buy now. With its explosive gain, it’s become one of the top crypto gainers in the last 24 hours. The token recorded a price increase of over 10% today, bringing its value to $0.14.
HELLO Labs is the brainchild of Paul Caslin, a Hollywood director and producer. The project is blending crypto and entertainment. Generally, the use of blockchain in the entertainment industry is still uncharted waters, which presents a massive opportunity for the HELLO team.
Investors may find a gold mine in the new crypto project as its value has increased by over 1000% since its launch, and its prospect of future increase is still relatively high.
4. Polygon (MATIC)
The MATIC bulls maintained their upper hand, with its price climbing up to about 3% today, bringing it to $0.74. MATIC trading volume increased by over 30% in the last 24 hours.
The bulk of MATIC’s gains today come from the return of activities to the network. An example is the talks with Kraken, which is looking into launching its own Layer 2 network. It’s said to be in talks with Polygon as one of the key players in the layer of blockchain technology.
Similarly, the release of MidenVM continues to generate social mentions for the Polygon platform. Hence, the rising attention is given to its token. Recently, there’s been an improvement to the MidenVM, and the update details were shared on the platform’s Twitter handle.
For proof generation, MidenVM uses the RPO hash function. Though traditional hash functions like BLAKE3 are very fast, they are not optimal for use inside zero-knowledge proof systems. For efficient recursive proof generation, you need a ZK-friendly hash function.
But why use… pic.twitter.com/gEG3k1oSap
— Polygon (@0xPolygon) November 3, 2023
Is MATIC the best crypto to buy now? As the crypto industry anticipates the next bull run and the Bitcoin halving year, there’s been an overall positive trend across the major cryptocurrencies and the altcoins.
Chief among the platforms that have enjoyed rising activities is the Ethereum ecosystem. With Polygon as one of the leading solutions on the Ethereum network, investors can expect to see the price of MATIC reach as high as $1 in the early months of the coming year.
Currently, MATIC EMA Indicates bullish momentum in the short and long run, indicating that investors can expect to see a consistent price increase. Additionally, the MATIC’s greed index remains at 68, showing that the market is willing to continue the accumulation trend.
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