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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, considering their recent price performance. You can find more tokens of this designation in our previous posts.
“High risk and high reward” is often the mantra in investing. The riskier and more volatile a coin is on the market, the more the possibility of the token to bring in high yields. However, taking risks does not mean being reckless. Some risks should be calculated; that is how you stay afloat in the crypto market.
The cryptocurrencies spotlighted in this article allow investors and traders to take calculated risks. Choosing these altcoins, which are doing well, reduces the chances of a loss during trade and investments.
Best Crypto to Buy Now
The current market relationship between cryptos and NFTs can be likened to a see-saw. While cryptos look good and up, NFTs are fastening their seatbelts for a bumpy downward ride.
Global Crypto Market Cap Chart
Interestingly, many altcoins are moving to the green side, and we have compiled a list of some of the best cryptocurrencies predicted to stay on the bullish trend enough to take home good profits.
1. Pepe (PEPE)
Pepe has become one of the most formidable meme coins in the cryptocurrency market. The token looks good on the market and is one of the best cryptos to buy now. Aside from being a meme coin, it has a project with a mission which explains its current market run.
PEPE, a deflationary memecoin launched on the Ethereum blockchain, pays homage to the beloved Pepe the Frog internet meme created by Matt Furie. This meme coin has entered the cryptocurrency scene, intending to capitalise on the popularity of meme-based cryptocurrencies, following in the footsteps of notable projects like Shiba Inu and Dogecoin.
🐸 $PEPE Official Links 🐸
— Pepe (@pepecoineth) September 9, 2023
PEPE distinguishes itself by implementing a no-tax policy, establishing a redistributive system that rewards long-term stakers, and employing a burning mechanism to maintain the scarcity of the PEPE coin.
In the relatively short period from late April to May 2023, PEPE experienced an explosive surge in value, propelling its market capitalisation to a peak of $1.6 billion at one point. This meteoric rise created millionaires among early investors and cultivated a robust community of like-minded enthusiasts. This phenomenon is often called a “memecoin season,” as it triggered spectacular price movements in other memecoins, some launched within hours of PEPE’s success. The future trajectory of PEPE and other memecoins remains uncertain, but optimism runs high among its supporters.
The PEPE project has outlined a roadmap consisting of three distinct phases. Phase one involves listing on CoinMarketCap and achieving trending status on Twitter. Phase two aims to secure listings on centralised exchanges (CEXs), while phase three is characterised by “tier 1” exchange listings and a strategic “meme takeover” plan. The achievement of these milestones will likely play a significant role in shaping the future of PEPE within the cryptocurrency landscape.
2. Bitcoin BSC (BTCBSC)
The Bitcoin BSC project is a unique fusion of Bitcoin’s value proposition and the Binance Smart Chain (BSC) platform’s innovative capabilities. This presale token introduces an advanced staking mechanism emphasising efficiency, sustainability, and investment opportunities. Additionally, long-term token holders receive rewards as a token of appreciation for their loyalty to the platform. These distinctive features set the presale token apart in the cryptocurrency landscape.
Functioning as a BEP-20 token on the Binance Smart Chain, Bitcoin BSC strongly emphasises staking as a viable alternative to traditional Bitcoin mining. Holders of $BTCBSC tokens can generate passive income by participating in staking, with rewards linked to the number of tokens staked—a concept that mirrors Bitcoin’s original block reward structure.
Bitcoin BSC adopts an environmentally conscious Stake-to-Earn model, offering an eco-friendly alternative to Bitcoin’s resource-intensive Proof-of-Work mechanism. This approach aligns with Bitcoin’s historical milestones, including its extended issuance schedule spanning approximately 120 years and its block confirmations dating back to April 2011.
Within the Bitcoin BSC ecosystem, staking rewards are determined by an individual’s stake in the staking pool and the prevailing Annual Percentage Yield (APY). This innovative model promotes decentralisation and active community involvement, fostering ongoing growth within the token ecosystem.
Bitcoin BSC stands out by incentivising long-term holding and encouraging active community engagement through staking. It empowers its community to actively contribute to network expansion and sustainability while minimising environmental impact. This project represents a notable evolution of the traditional Bitcoin model, ushering in a new era of environmentally conscious and community-driven cryptocurrency participation.
3. Rollbit Coin (RLB)
The Rollbit token (RLB) was introduced as an essential component of the Rollbit lottery and followed a unique distribution model. Unlike traditional Initial Coin Offerings (ICOs), RLB tokens were airdropped for free to existing users of the Rollbit casino and trading platform Rollbit.com.
The primary driver of demand for RLB tokens is the Rollbit lottery, where these tokens serve as entry tickets, granting holders the opportunity to share in the casino’s profits. Participation in the lottery requires staking RLB tokens.
Rollbot has been buying & burning $RLB every hour of every day for 8 weeks now!
Last week’s revenues sent $1.4 Million worth of RLB to the incinerator 🔥
Starting today, all buys for the buy & burn will be done on-chain ⛓️ https://t.co/loirCxAduz pic.twitter.com/JqzJxs6jJ4
— Rollbit (@rollbitcom) October 3, 2023
The lottery’s prize pool is funded from a profit-sharing pool, accumulating 20% of the casino’s daily profits during each round.
Rollbit, with its established and profitable platform, ensured that RLB tokens had utility from their inception by integrating them into the lottery system, with prizes derived from a share of the casino’s profits.
The supply of RLB tokens is capped at 5 billion coins, and access to the lottery requires staking RLB tokens during each round. Half the staking fees (0.20%) are permanently burned, reducing the token supply.
As rounds progress and more RLB tokens are staked, the total supply experiences a gradual reduction, which can contribute to the appreciation of RLB’s value. The other half of the staking fees benefits staked Rollbots, Rollbit’s NFT project.
Once all RLB tokens are staked, there will be an annual burn rate of 45% of the total supply, reducing the circulating token supply. Increased demand over time and a diminishing supply can exert upward pressure on the price of RLB tokens. This combination of factors creates an intriguing economic dynamic for the Rollbit token.
4. Cardano (ADA)
Cardano is a proof-of-stake blockchain platform with a mission to empower changemakers, innovators, and visionaries to facilitate positive global change. The project operates on an open-source model and aims to shift power from unaccountable structures to individuals and the margins of society. The principles of security, transparency, and fairness underpin this vision.
Founded in 2017, Cardano takes its name from two historical figures: Gerolamo Cardano, a 16th-century polymath, and Ada Lovelace, a 19th-century mathematician recognised as the world’s first computer programmer. The native token of Cardano, ADA, is instrumental in enabling network participation and governance. ADA holders can vote on proposed software changes, giving them a say in the platform’s evolution.
Cardano is renowned for its layered blockchain architecture, offering modularity that supports the development of decentralised applications (dApps) and smart contracts. One of its pivotal milestones was the Alonzo hard fork, launched in September 2021, introducing smart contract functionality to the platform. In the wake of this upgrade, Cardano experienced a significant price surge, gaining 116% within a month.
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— Cardano Community (@Cardano) October 2, 2023
The practical applications of Cardano’s technology are diverse. It is utilised by agricultural companies to trace fresh produce from source to consumer, ensures the secure storage of educational credentials, and assists retailers in combating counterfeit products. These real-world use cases exemplify the platform’s commitment to providing practical, blockchain-based solutions that enhance various sectors and industries.
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