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The recent price movements of the cryptocurrency market have put investors in a major dilemma. While a large chunk of the masses have withdrawn funds, the crypto winter doesn’t appear to be impacting veteran investors and top organizations. In fact, these companies have been actively finding the best cryptocurrencies to buy and stock up on.
Of course, cryptocurrency projects have also been aggressively building their infrastructure to be ready for the next bull run. With major updates and developments in their respective ecosystems, some of them have already started to gain prominence. Below are some of the best cryptocurrencies to buy today if you want to invest in high potential projects right away.
IMPT (IMPT.io)
Led by Dennis Creighton, IMPT.io is one of the greenest projects recently announced. For the same reason, he has managed to build a huge community in a short period of time. Currently in its pre-sale phase, the project aims to solve the carbon footprint problem and help the environment.
IMPT.io is a climate protection program that allows users to buy, sell or even retire carbon credits. With more than 10,000 brands already committed to joining IMPT.io, pre-sales for the ecosystem have been pretty strong. The first phase, which started on October 3, has already sold out more than $5.7 million worth of tokens.
SNX (Synthetix)
Founded by Kain Warwick, Synthetix is, simply put, a decentralized synthetic asset exchange and platform. Initially, the network was launched in 2017 under the Havven name before being rebranded to Synthetix. The project provides direct on-chain exposure to multiple crypto and non-crypto assets.
The SNX token has been consolidating at the $2.2 level for a few months, with volatile price movements at times. However, it could be one of the best cryptocurrencies to buy today as the project has become very popular in space lately.
QNT (quantity)
Introduced in June 2018, Quant is an operating system that distributes ledger technology and an overledger network to connect different blockchain networks. In short, it is a project that aims to bridge the gaps between different blockchains using Overledger. With interoperability being the need of the hour in the industry, Quant was in high demand.
While native token QNT has already seen a decent pump, this could be a great opportunity to stock up now. At the time of writing, QNT is trading at around $182 with a market cap of more than $2 billion.
LDO (Read DAO)
Lido is a decentralized autonomous organization or DAO that offers 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 obligation to maintain the staking infrastructure. The recent spike in demand at Lido comes amid rumors of upcoming listings and some key developments.
LDO is currently trading more than 80% below 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 coming days.
TAMA
Tamadoge is currently one of the most innovative and sought-after projects in the cryptocurrency space. This recently launched ecosystem offers a unique combination of memecoin status and high utility. Tamadoge can be considered the latest addition to the Doge ecosystem. It is a P2E gaming platform that aims to host several blockchain-based games in the future.
Tamadoge had one of the most successful pre-sales ever, during which he managed to collect more than $16 million worth of TAMA tokens. Currently, developers have tried to bring the token to more exchanges in order to raise awareness of the project. The token is currently trading at $0.02 and is likely to spike higher in the coming days.
CSPR (Casper)
Developed by Medha Parlikar and Mrinal Manohar, Casper was launched on mainnet in 2021. Casper CBC is the first live Proof-of-Stake (PoS) blockchain. Alongside blockchain technology, smart contracts and DApps, the Casper platform aims to boost global adoption.
The future-proof architecture of the Casper platform makes it easy for developers of all backgrounds to use and keep it updated to meet the evolving needs of users. According to the official whitepaper, Casper has been optimized to meet the needs of businesses and developers. CSPR, the site’s native token, is currently trading at $0.04 with a market cap of more than $450 million.
CAKE (pancake swap)
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 defi application for cryptocurrency exchanges. The project was created by an unknown group of developers. However, it was up to date on any developments or related activities around the ecosystem.
CAKE hit its all-time high in March 2021 when the token surged as high as $42. However, after the crash, the token has been consolidating in the $3-$4 range for quite some time. But the increase in decentralization and demand for projects may contribute to CAKE’s impending growth, making it one of the best cryptocurrencies to buy today.
AAVE
Aave has recently become one of the top-grossing Defi projects in the crypto space. Developed by Stani Kulechov, this protocol is currently the top choice among those who want to participate in Defi. Like any other Defi project, Aave also allows lending and borrowing on its platform.
Digital assets are paid into specially created liquidity pools by lenders and earn interest. With this liquidity, borrowers can take out a flash loan with their crypto as collateral. AAVE holders 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 around $82 after a decent surge over the past few days.
Continue reading:
- Early presale now live
- Doxxed Professional Team
- Use cases in industry – Compensate carbon footprint
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