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Which Trending Crypto to Buy Today 18th October – IMPT, QNT, SNX, LDO, WAVES, TAMA, ICP, CSPR, CAKE

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author imageArslan Butt Last updated:

best crypto coins to buy

On Tuesday, most cryptocurrencies were trading sharply bullish. However, there are a few trending crypto coins that we are going to cover in this update.

According to CoinMarketCap data, the market capitalization of all cryptocurrencies was $934 billion at the time of writing, up 1.7% from the previous day.

Let’s have a quick look at the top trending cryptocurrencies today.

IMPT – Presale Crosses Over $5 Million

IMPT is an innovative cryptocurrency project with the primary goal of reshaping the global carbon credits industry. Through the Ethereum blockchain, IMPT’s ecosystem facilitates the buying, selling, and trading of carbon credits by arranging them as NFTs, which has distinct advantages for all parties involved.

The most alluring aspect of IMPT is its capacity to facilitate the acquisition of carbon credits.

Consumers can easily buy carbon credits via their regular shopping without having to go through a time-consuming and complicated investment process. Because of IMPT’s relationships with thousands of top companies in retail, electronics, travel, and other industries, this is now achievable.

There was a $5 million influx of ESG-minded investors into the IMPT token presage within the first two weeks.

In order to take part in the presale, interested parties should become acquainted with the IMPT website.

Quant (QNT) Gains Over 28%

Quant was announced in June 2018 with the goal of connecting blockchains and networks on a global scale while maintaining network efficiency and compatibility. It is the first attempt to address the issue of interoperability by developing the first blockchain operating system.

The project acts as an operating system for blockchain networks linked by the Overledger Network, which employs distributed ledger technology. The initiative bills itself as the first blockchain-specific operating system.

Quant has long advocated for the use of its technology in central bank digital currencies (CBDCs), and it appears that increased discussion about this is hastening the company’s growth.

The token Quant (QNT), which reached a ten-month high, was among the major movers to begin the weekend. Following three days of gains, the token reached its highest level since January 8.

QNT/USD Price Chart

QNT/USD Price Chart – Source: Tradingview

The current live Quant price is $199, and the 24-hour trading volume is $357 million. However, Quant has dropped over 7% in the last 24 hours, rising nearly 28% in seven days. CoinMarketCap now ranks #29, with a live market cap of $2.4 billion.

Technically, QNT/USD is expected to find immediate support near $189 and resistance near $220. An upward channel indicates a buying trend, which may help buyers seize some good opportunities today.

Synthetix (SNX) Up 12%

Synthetix (SNX) is a DeFi platform that provides on-chain exposure to various crypto and non-crypto assets. The Synthetix protocol, based on the Ethereum (ETH) network, gives users access to highly liquid synthetic assets (synths). It tracks and provides returns on the underlying asset without requiring direct ownership.

SNX is up more than 12% today, outperforming most of the cryptocurrencies in the market. The reason for SNX’s success could coincide with the overall bullish trend in the crypto market.

SNX/USD Price Chart

SNX/USD Price Chart – Source: Tradingview

Synthetix is trading at $2.3 with a 24-hour trading volume of $84 million. With a live market cap of $551 million, CoinMarketCap currently ranks #66.

On the technical front, the SNX/USD pair is currently facing immediate resistance near $2.3 and support near $2.2. The MACD and RSI are in a buying zone, but they appear to be moving into a bearish zone. Let the SNX reach $2.2 support before placing any further bets.

Lido DAO on the Rise, Up 16%

Lido DAO is a liquid staking solution for Ethereum. Users can participate in on-chain operations like lending and staking their ETH with Lido, with no minimum deposits or infrastructure maintenance required. The native utility token, or LDO, is used to control the addition and deletion of Lido node operators and manage fee settings and distribution.

The Lido DAO (LDO) price has been among the best performers. The current Lido DAO price is $1.50, with a 24-hour trading volume of $24 million.

LDO

LDO Price Chart – Tradingview

Lido DAO has increased by over 8% in the last 24 hours and 16% in the previous seven days. It’s now ranked #76 in the market, with a live market capitalization of $438 million.

Technically, the LDO/USDT has broken through a downward channel, which provides immediate support near $1.35. On the upside, the immediate resistance for LDO is $1.60. A bullish crossover above this level could potentially take LDO to the $1.95 level. Today, investors should look for a buying position above $1.30.

Waves (WAVES) Sideways Trading In-Play

Waves is a dynamic blockchain platform that supports many applications, including smart contracts and decentralized applications (DApps). Waves were introduced in June 2016 following one of the first initial coin offerings (ICOs) in the cryptocurrency sector to improve the speed, functionality, and usability of the early blockchain systems.

WAVES

WAVES Price Chart – Tradingview

The current live Waves price is $3.47 with a 24-hour trading volume of $160 million. In the past 24 hours, Waves has been tossing in profit and losses, losing around 0.03%. Waves is now ranked #90 on the market and has a live market cap of $380 million.

Technically, the WAVES/USDT is currently trading bearish, but it has entered the oversold zone. As a result, WAVES may find immediate support near $3, and failure to break below this level may trigger an upswing. On the upside, a bullish breakout of $3.6 would expose WAVES to the $4.15 level.

Tamadoge (TAMA)

Tamadoge (TAMA) is a Metaverse cryptocurrency initiative that allows users to buy Tamadoge (TAMA) pets. These virtual pets are one-of-a-kind creatures with distinct characteristics that can be traded because they have been created as non-fungible tokens thanks to smart-contract technology (NFTs).

Since the release of its NFT collections, the trendy NFT project Tamadoge (TAMA) has been attracting much attention. Although the ultra-rare NFT collection released on October 6 sold out rapidly, becoming probably the best NFT drop in 2022, investors now have another opportunity to get some Tamadoge NFTs owing to the release of the rare Tamadoge pet collection on October 18.

Despite a promising start, Tamadoge’s subsequent performance has disappointed its investors. Tamadoge currently has a price of $0.0303 and a 24-hour trading volume of $3.2 million. TAMA fell under 8% in the last 24 hours. Tamadoge is currently ranked #2710 on the market with a live market cap of not available.

Considering the ongoing developments and NFTs available for sale, we may see an uptrend in TAMA price.

Internet Computer (ICP)

A decentralized blockchain network called Internet Computer (ICP) was formally introduced by the DFINITY Foundation in May 2021 to expand the functionality of the Internet and foster the creation of smart contracts on a larger scale.

The project’s benefits include a knowledgeable group of crypto aficionados and the ability to use smart contracts, which enables programmers to design decentralized applications (dApps). Furthermore, ICP offers virtually infinite scalability and a high level of security.

The price of Internet Computers (ICP) increased by 0.62% in the past 24 hours. Exchanges like Binance, OKX, BTCEX, Bitget, and BitCoke allow you to trade Internet Computers (ICP) for a price.

ICP

ICP Price Chart – Tradingview

On the technical front, ICP may find immediate support near $4.7, as well as resistance near $5.4, which is supported by a downward trendline. A bullish breakout of the $5.4 level could push the ICP price up to $6.4. Keep an eye on the $4.7 level, as ICP could trade bullish above it.

Casper (CSPR) Skyrockets 35% in Seven Days

The Casper (CSPR) price is rising as its underlying token, CSPR, ranks first in the cryptocurrency market in terms of profitability among the top 100 largest digital assets. Casper is constantly improving to meet its users’ changing needs. Blockchain technology is becoming more accessible to developers of all backgrounds.

Casper was created with the needs of corporations and developers in mind. As the Web3 business has grown and the demand for simple, linked services has gradually increased, the network has been actively changing. According to the developers, Casper is resolving the adoption trifecta of security, scalability, and decentralization with single blockchain technology.

Despite the unfavorable conditions confronting the entire cryptocurrency market and the performance of high-risk assets such as equities and cryptocurrencies, Casper has outperformed the market over the last 45 days.

CSPR

CSPR Price Chart – Tradingview

The current Casper price is $0.046 with a $94 million 24-hour trading volume. In the past 24 hours, Casper has increased by 11.52%. With a live market capitalization of $503 million, Casper is now ranked #69 on the market.

The underlying token CSPR of the Casper CBC-based live proof-of-stake blockchain has achieved first place on the market in terms of profitability among the 100 greatest digital assets in the crypto business.

See our full Casper price prediction article.

PancakeSwap (CAKE) Spikes 3%

PancakeSwap (CAKE) is a decentralized finance (DeFi) platform that allows users to trade tokens and lease out liquidity in exchange for commissions. It is a decentralized marketplace for trading BEP20 tokens on Binance Smart Chain that went live in September 2020.

PancakeSwap users can use an automated market maker methodology to trade against a liquidity pool. Users contribute money to these pools in exchange for tokens known as liquidity provider (LP) tokens.

CAKE Price Chart – Tradingview

PancakeSwap’s current price is $4.63, up more than 3% in the last seven days. With a live market value of $655 million, PancakeSwap is now ranked #62 on the market. The maximum supply of CAKE coins is 750,000,000, with 141,598,991 CAKE coins currently in circulation.

CAKE has formed an upward channel, with support extending near the $4.4 level. The formation of a “three white soldiers” candlestick pattern above this level is likely to drive an uptrend in CAKE price. On the bullish side, CAKE’s immediate resistance prevails at $5 and a bullish break above this could lead it toward $5.4.

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  This article was written for Business 2 Community by Arslan Butt.
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Author: Arslan Butt

Arslan is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. Arslan holds an MBA in Finance, and an MPhil in Behavioral Finance.
Arslan brings a broad range of skills to help beginners evaluate financial data and investment trends, carry out technical analysis, fundamental analysis, and…

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