Best Crypto to Buy Now November 1 – Avalanche, Immutable, MANTRA

0
1

Join Our Telegram channel to stay up to date on breaking news coverage

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.

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.

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

Best Crypto to Buy Now

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. 

1. Celestia (TIA)

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.

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.

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. 

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.

2. Immutable (IMX)

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.

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.

IMX Price Chart

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. 

The token has also shown positive growth compared to its initial sale price. It also maintains a good level of liquidity, with a 24-hour volume-to-market-cap ratio of 0.0923. Meanwhile, Coincodex’s future predictions suggest that IMX could trade between $3.58 and $5.47 by the end of the year. 

3. MANTRA (OM)

MANTRA has partnered with Libre Capital, a financial platform based in the UAE that focuses on tokenizing and issuing financial instruments. This partnership aims to give investors on-chain access to various investment opportunities. 

Moreover, MANTRA users will be able to invest in notable on-chain funds, including hedge funds, private credit funds, and the BlackRock ICS Money Market Fund. This initiative shows MANTRA’s effort to build a diverse digital asset infrastructure and strengthens its position in the financial services industry.

OM Price Chart

Additionally, MANTRA Chain has joined with Google Cloud, one of the largest cloud service providers. Google Cloud will provide infrastructure services and act as a network verifier for the MANTRA Chain. This collaboration aims to improve the tokenization of real-world assets.

By using Google Cloud’s capabilities, MANTRA can make trading real assets faster and more cost-effective. The integration will enhance security and scalability, allowing for quicker asset onboarding onto the blockchain.

Currently, the price of MANTRA is $1.40, down 2.01% in the last 24 hours. Nevertheless, price prediction sentiment surrounding the token is neutral, and the Fear & Greed Index shows a reading of 69, indicating greed in the market. 

Furthermore, OM is trading significantly above its 200-day simple moving average (SMA), which is 5,726.02% higher than the SMA value of $0.024058. The 14-day Relative Strength Index (RSI) stands at 30.75, suggesting that the cryptocurrency may trade sideways in the near future.

4. Avalanche (AVAX)

Avalanche has integrated with Entangle’s omnichain network. This partnership combines Avalanche’s fast and energy-efficient blockchain with Entangle’s technology, which allows users to access assets and products across different blockchain ecosystems. As a result, this integration aims to improve user experience by enabling better interoperability with other networks.

AVAX Price Chart

This collaboration enhances cross-chain connectivity, allowing Avalanche users to access a larger and interconnected blockchain ecosystem. With Entangle’s products, users can explore various offerings and liquidity across multiple chains, making transactions easier.

Currently, Avalanche is priced at $24.86, having decreased by 3.60% in the last 24 hours. The token’s trading volume has reached $242.71 million, indicating a significant increase of 32.62%. This rise in trading volume shows increased activity and interest among traders.

Furthermore, Avalanche is trading above its 200-day simple moving average, which is $15.75. The current price is 57.91% higher than this average, suggesting a positive market sentiment. Trading above the 200-day average can indicate a potential upward trend.

5. Flockerz (FLOCK)

Flockerz is currently gaining traction in the cryptocurrency market, recently surpassing $1 million in presale funding. This milestone reflects a growing trend among investors to explore presales as a method to diversify their portfolios. 

A notable feature of Flockerz is its introduction of a vote-to-earn (V2E) mechanism. This innovative approach allows users to participate in key decisions affecting the project while simultaneously earning cryptocurrency. By giving control to the community, Flockerz aims to redefine engagement in the crypto space and potentially pave the way for similar models in both new and established meme coin projects.

For early investors, Flockerz offers tokens at a discounted rate of $0.0059098. However, the presale is time-sensitive; the price will increase to $0.0059334 within two days as the presale progresses to its 20th funding stage. This urgency may encourage investors to act quickly to secure tokens at a lower price.

Regarding future performance, analysts are optimistic about Flockerz‘s potential in the meme coin market. Price forecasts for the token’s debut on exchanges are positive, with predictions suggesting it could reach $0.02185 by 2025. This projection represents a potential increase of approximately 269.6% from its current price. 

Visit Flockerz Presale

Read More

Most Searched Crypto Launch – Pepe Unchained

Pepe UnchainedPepe Unchained
  • Layer 2 Meme Coin Ecosystem
  • Featured in Cointelegraph
  • SolidProof & Coinsult Audited
  • Staking Rewards – pepeunchained.com
  • $10+ Million Raised at ICO – Ends Soon

Pepe UnchainedPepe Unchained


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

ads

RELATED ARTICLESMORE FROM AUTHOR

LEAVE A REPLY

Please enter your comment!
Please enter your name here