Ali Raza
The global cryptocurrency market cap has gone back above $1 trillion, as the crypto community anticipates that the October rally, popularly known as “Uptober,” could trigger notable gains.
Some of the top ten cryptocurrencies to consider buying today include Dogecoin (DOGE), IMPT (IMPT), Tamadoge (TAMA), Ripple (XRP), TON (TON), Helium (HNT), Shiba Inu (SHIB), Convex Finance (CVX) Polygon (MATIC) and Elrond (EGLD).
Dogecoin (DOGE)
Dogecoin has gained 6.3% during the past 24 hours. At the time of writing, DOGE was trading at $0.0646. DOGE has failed to rally much over the past week, with its weekly gains slightly over 6%.
Dogecoin has pumped over the last 24 hours amid news that Elon Musk would go ahead with his deal to purchase Twitter at the original share price of $54.60. The Dogecoin community is hopeful that Musk’s acquisition of Twitter could create utility for the coin on the social media platform.
IMPT (IMPT)
One of the best cryptos to invest in right now is IMPT. IMPT is currently in a presale that is already attracting many investors. The IMPT presale has raised over $250,000 so far, and it is continuing to attract much interest across the market because of its unique use case.
The Impact Project (IMPT) is a new project aiming to use blockchain technology to create a sustainable world. IMPT could easily rank as the greenest crypto of 2022. The project takes a novel approach where non-fungible tokens (NFTs) can be used as carbon credits to promote security and transparency.
The IMPT website shows that the project has welcomed a wide range of brands through its vision. The website shows that over 10,000 brands have agreed to join the project and work together to reduce carbon emissions. According to this analyst, IMPT could be one of the strongest gainers in the market.
Tamadoge (TAMA)
Tamadoge is the hottest crypto in the market right now. TAMA has been up by 8.6% during the past 24 hours. TAMA has had an impressive rally over the past week, as seen in the over 500% gains during this time. At the time of writing, TAMA was trading at $0.152.
Tamadoge is a sensational meme coin project making waves across the market. The token has major CEX listings. After listing on OKX, TAMA listed on BitMart, and listings on LBank and MEXC Global are also on the line-up.
TAMA has a market capitalization of $153 million, according to CoinMarketCap, which is quite impressive for a new listing. Tamadoge is attracting interest from all corners of the crypto space because of its revolutionary approach. Tamadoge has combined the meme coin aesthetic with the best of play-to-earn.
Ripple (XRP)
Ripple (XRP) is still sustaining the bullish sentiment created over the past few weeks. At the time of writing, XRP was trading at $0.481 after a 4.1% gain in 24 hours. XRP is still one of the most traded tokens in the market, with a trading volume of $2.2 billion. Over the last 30 days, XRP has gained by over 40%.
XRP has been attracting interest from the crypto community because of the details surrounding its ongoing case with the US Securities and Exchange Commission (SEC). Ripple recently had a win against the SEC after Judge Analisa Torres ordered the SEC to provide documents on the William Hinman speech.
TON (TON)
TON has pumped by 0.5% over the past 24 hours, making it one of the coins that have witnessed slight gains. TON has also lost by around 19.6% over the last 30 days. At the time of writing, TON was trading at $0.0086.
The Open Network is a fully decentralized network created by Telegram to attract millions of users. The network offers high transaction speeds, low fees, and native applications that are easy to use.
Developers on The Open Network have announced the release of a P2P market that will permit 550 million monthly users on Telegram to trade TON directly on the messaging platform.
Helium (HNT)
The other token that you could also consider buying today is Helium. HNT is one of the top gainers during the last 24 hours after a 7.5% gain. At the time of writing, HNT was trading at $5.31. HNT is also up by 24% over the last 30 days.
HNT attracted high trading volumes after the developers said they migrated the network to the Solana blockchain. However, there was some pessimism about the migration after the Solana network was halted last week due to a misconfigured node.
Nevertheless, the bullish sentiment in the broader crypto space could see HNT headed towards high levels, as it targets $6.
Shiba Inu (SHIB)
Shiba Inu does not seem to be gaining as much as most of the cryptocurrency market. SHIB was trading at $0.00001140 at the time of writing after a 1.4% gain. SHIB has also performed poorly over the last 30 days, as seen in the 11.2% decline.
SHIB ranks as the 12th largest cryptocurrency with a market cap of $6.71 billion. Shiba Inu bulls seem weak this year despite the optimism that the meme coin could have a similar rally to the one created in October last year when it clinched an all-time high. However, the SHIB “Uptober momentum” seems weak, and the coin could plunge lower.
Convex Finance (CVX)
Decentralized finance (DeFi) tokens have become quite popular as a means of portfolio diversification, and CVX is one of the tokens you might consider buying today. CVX is already rallying alongside the rest of the market after a 3.5% gain in 24 hours. CVX was trading at $5.33 at the time of writing.
CVX is one of the low cap cryptos in the market, with a market cap of $369 million. However, it seems to be leading DeFi tokens in recovery. Convex Finance is a protocol that makes it easier to maximize yields. It allows providers of Curve liquidity to earn trading fees and claim boosted CRGV tokens without locking CRV tokens.
Polygon (MATIC)
MATIC has been consolidating during the past 24 hours, and the token was trading at $0.826 at the time of writing. MATIC has remained quite stable over the last 24 hours as bears and bulls fight for control. However, given the bullish sentiment in the broader market, gains could be on the way.
MATIC has not registered any notable gains over the past month. MATIC has plunged by 71% from its all-time high created in December last year. If the bulls regain control, MATIC could eye $1. Traders need to watch out for the $0.888 levels, as this could set the pace for how the price will perform.
Elrond (EGLD)
EGLD has pumped by 2.8% over the last 24 hours, trading at $55.15 at the time of writing. Over the last week, EGLD has gained by 17.5%. EGLD’s intraday trading volumes are also impressive at $91 million, while its market capitalization is at $1.2 billion, making it the 44th largest crypto.
The performance of EGLD in the short-term could be bullish, given the performance of the broader cryptocurrency market. Therefore, in the short-term, we could see EGLD pumping towards $75.
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This article was written for Business 2 Community by Ali Raza.
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