Blockchain

Best Crypto to Buy Now October 27 – Render, Gala, Sui

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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched daily on CEX and DEX platforms.

With Bitcoin’s price surging beyond the crucial $30,000 resistance level after months of consolidation, investors are eager to discern whether this movement signals the initiation of a fresh bull market or a substantial bull trap.

To determine the likelihood of each scenario, a comprehensive analysis of the actions taken by different market segments is imperative.

Best Crypto to Buy Now

After scrutinizing the 4-hour timeframe, it becomes evident that the price initiated its recent parabolic ascent after breaking out from the bullish flag formation between the $27,000 and $28,000 levels.

Several resistance levels, notably the $28,000 and $30,000 thresholds, which had previously acted as formidable barriers for an extended period, have now been breached.

Prominent resistance levels are in sight once we approach the $38,000 region. This situation sees the Relative Strength Index (RSI) again descending into deep overbought territory, significantly heightening the probability of an impending correction.

The decisive breach of the $30,000 resistance level marks the commencement of a promising bullish phase. However, it’s vital to note that the Relative Strength Index (RSI) is presently recording values surpassing the 70% threshold, indicating a distinct overbought condition.

This potential bearish indicator suggests the likelihood of a forthcoming retracement or short-term consolidation. Considering this, this article explores some of the best cryptos that investors can buy now.

1. Render (RNDR)

Render (RNDR) is a utility token operating on the Ethereum blockchain with a distinctive mission – to facilitate the exchange of GPU computing power among artists and GPU providers within the network.

What sets Render apart is its meticulous approach to validating rendered art before releasing payments, combining manual and automatic verification systems. This not only ensures accuracy but also offers a layer of security by hashing assets when they’re uploaded.

Render price chart

The recent market fluctuations may raise questions, but Render’s impressive year-to-date growth of 411.95% and consistent performance over the last few months demonstrate its potential.

It’s important to note that Render is a high-performing and somewhat volatile cryptocurrency, which means it offers opportunities and risks depending on market conditions.

As with any investment, thorough research and consideration of your risk tolerance are essential. However, Render’s unique utility in the creative industry makes it an intriguing option in the crypto space.

Today’s live Render price is $2.17, with a 24-hour trading volume of $50,287,072. Render is up 0.73% in the last 24 hours. The current CoinMarketCap ranking is #48, with a live market cap of $805,719,484. It has a circulating supply of 371,908,453 RNDR coins and a maximum supply of 536,870,912 RNDR coins.

2. Gala (GALA)

GALA, the core utility token for Gala Games, is at the center of a unique ecosystem that caters to gamers, NFT enthusiasts, and blockchain newcomers.

GALA serves multiple functions, from purchasing NFT items to rewarding Founder’s Node operators and covering network fees on Gala’s blockchain. 

 

Gala price chart_

What distinguishes Gala Games is its commitment to combining the latest Web3 technology with gaming, offering users unprecedented freedoms – to own, earn, and play.

The commitment to simplifying the onboarding process for Web3 newcomers, including the ability to transact with existing Coinbase or MetaMask wallets and even credit cards, sets Gala apart. Its close collaboration with OpenSea and a passionate and accessible community through Discord further bolsters its appeal.

Moreover, expanding into Web3 entertainment, music, film, and successful NFT avatar projects, such as VOX, highlights Gala’s ambition and innovation. The recent price surge, with GALA soaring by 29.71% in the last 24 hours, reflects growing interest, making GALA an intriguing investment option.

Its market value currently stands at $0.01978, following a significant increase of 56.49% in the last seven days as it migrated to a new contract address, shifting from the previous one.

As with any investment, it’s crucial to assess its unique value proposition and market dynamics in a balanced manner while considering its long-term growth, exemplified by a 411.95% year-to-date increase in value.

Today’s live Gala price is $0.017879, with a 24-hour trading volume of $351,590,326. Gala is up 6.93% in the last 24 hours. The current CoinMarketCap ranking is #78, with a live market cap of $451,531,182. It has a circulating supply of 25,254,744,313 GALA coins and a maximum supply of 50,000,000,000 GALA coins.

3. Sui (SUI)

Sui represents a promising evolution in blockchain and digital asset ownership. Its fundamental goal is to make the process fast, private, secure, and accessible for everyone.

Built on a unique object-centric model and the Move programming language, Sui offers distinct advantages like parallel execution, sub-second finality, and rich on-chain assets.

What sets Sui apart is its ability to horizontally scale processing and storage horizontally, addressing common issues found in earlier blockchain generations. This makes it an ideal platform for creators and developers to craft user-friendly experiences.

Sui’s horizontal scaling, composability, sparse replay, and on-chain storage solve significant pain points, ensuring efficient operations. Its focus on storing assets directly on-chain, combined with traditional methods, contributes to cost-effectiveness and scalability.

Sui’s commitment to enhancing blockchain technology and accessibility for various applications is noteworthy. However, like any investment, it’s essential to assess its potential based on your investment goals and the evolving blockchain landscape.

Today’s live Sui price is $0.438932, with a 24-hour trading volume of $142,481,115. L Sui is down 0.63% in the last 24 hours. The current CoinMarketCap ranking is #89, with a live market cap of $377,653,962. It has a circulating supply of 860,392,960 SUI coins and a maximum supply of 10,000,000,000.

4. PancakeSwap (CAKE)

PancakeSwap, a decentralized finance (DeFi) platform launched in September 2020, plays a pivotal role in decentralized exchanges.

Its core mission is to provide users with a seamless and cost-effective platform for swapping BEP20 tokens on the Binance Smart Chain, adopting the automated market maker (AMM) model.

Pancake price chart

PancakeSwap allows users to engage in liquidity provision by depositing their tokens into pools, earning liquidity provider (LP) tokens, which, in turn, provide a share of the pool and a portion of trading fees. This unique feature, where LP tokens are known as FLIP, enhances user participation.

Moreover, PancakeSwap offers the opportunity to farm additional tokens, such as CAKE and SYRUP, along with staking options to earn rewards. CAKE, the native token, incentivizes liquidity provision and offers staking for rewards.

It’s crucial to note that while PancakeSwap presents attractive opportunities, investing in it, as with any DeFi platform, carries risks. Therefore, a thorough assessment of one’s investment goals and risk tolerance is essential.

Today’s live PancakeSwap price is $1.20, with a 24-hour trading volume of $20,884,953. PancakeSwap is down 0.39% in the last 24 hours. The current CoinMarketCap ranking is #106, with a live market cap of $270,617,805. It has a circulating supply of 224,883,921 CAKE coins and a maximum supply of 750,000,000 CAKE coins.

5. Bitcoin Minetrix ($BTCMTX)

By staking $BTCMTX on their Ethereum-powered smart contract, you can earn cloud mining credits, which can be used to mine Bitcoin.

This approach grants allocated mining times and a share of mining revenues, eliminating the complexities of independent mining or the risks of third-party scams.

As Bitcoin Minetrix uses decentralized tokens, your assets are secure, even if you’re new to the crypto world. Their $BTCMTX token is now in the presale phase, with 3.1 billion tokens allocated, representing 77.5% of the overall 4 billion supply.

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