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InsideBitcoins regularly provides an overview of the best cryptocurrencies to buy right now, given their recent price performance. You can find more tokens of this designation in our previous posts.
“High risk, high reward” is often the mantra of investing. The riskier and more volatile a coin is in the market, the more likely the token is to yield high returns. However, taking risks does not mean being reckless. Some risks need to be calculated; this is how you stay afloat in the crypto market.
The cryptocurrencies highlighted in this article allow investors and traders to take calculated risks. By choosing these altcoins, which are doing well, you reduce the chance of losses during trading and investments.
Best crypto to buy now
The current market relationship between cryptos and NFTs can be compared to a see-saw. While cryptos look good and are on the rise, NFTs are fastening their seat belts for a bumpy ride down.
Global Crypto Market Cap Chart
Interestingly, many altcoins are moving to the green side, and we have compiled a list of some of the top cryptocurrencies that are predicted to stay in 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 is looking good on the market and is one of the best cryptos you can buy right now. Besides being a meme coin, it has a project with a mission that explains the current market run.
PEPE, a deflationary memecoin launched on the Ethereum blockchain, is an homage to the beloved Pepe the Frog internet meme created by Matt Furie. This meme coin has entered the cryptocurrency scene, aiming to capitalize on the popularity of meme-based cryptocurrencies, following in the footsteps of notable projects like Shiba Inu and Dogecoin.
???? $PEPE Official links ????
website: https://t.co/YOvEFOOGSB
Uniswap: https://t.co/3YuD6iLmhV…
cmc: https://t.co/3Y4zKVWRWC…
contract: 0x6982508145454ce325ddbe47a25d4ec3d2311933
to buy: @binance, @kucoincom, @okx, @bybit_official, @HuobiGlobal, @coinbasewallet, @cryptocom… pic.twitter.com/a5LUVWBCbv
— Pepe (@pepecoineth) September 9, 2023
PEPE distinguishes itself by implementing a no-tax policy, establishing a redistributive system that rewards players in the long term, and using a combustion mechanism to maintain the scarcity of the PEPE currency.
In the relatively short period from late April to May 2023, PEPE experienced an explosive increase in value, at one point pushing its market capitalization to a peak of $1.6 billion. This meteoric rise created millionaires among early investors and spawned a robust community of like-minded enthusiasts. This phenomenon is often referred to as a ‘memecoin season’ as it caused spectacular price movements in other memecoins, some of which launched within hours of PEPE’s success. The future trajectory of PEPE and other memecoins remains uncertain, but optimism is high among its proponents.
The PEPE project has outlined a roadmap consisting of three different phases. Phase one involves listing on CoinMarketCap and achieving trending status on Twitter. Phase two aims to secure listings on centralized exchanges (CEXs), while phase three will feature ‘tier 1’ stock exchange listings and a strategic ‘meme takeover’ plan. Reaching these milestones will likely play an important role in shaping the future of PEPE within the cryptocurrency landscape.
2. Bitcoin BSC (BTCBSC)
The Bitcoin BSC project is a unique combination of Bitcoin’s value proposition and the innovative capabilities of the Binance Smart Chain (BSC) platform. This presale token introduces an advanced staking mechanism that emphasizes efficiency, sustainability, and investment opportunities. Additionally, long-term token holders receive rewards as a token of appreciation for their loyalty to the platform. These distinguishing features set the presale token apart in the cryptocurrency landscape.
Bitcoin BSC functions as a BEP-20 token on the Binance Smart Chain and places a strong emphasis on staking as a viable alternative to traditional Bitcoin mining. Holders of $BTCBSC tokens can generate passive income by participating in staking, with rewards tied 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 environmentally friendly alternative to Bitcoin’s resource-intensive Proof-of-Work mechanism. This approach is consistent with Bitcoin’s historical milestones, including its extended issuance schedule of approximately 120 years and 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 applicable Annual Percentage Yield (APY). This innovative model promotes decentralization and active community involvement, fostering continued growth within the token ecosystem.
Bitcoin BSC distinguishes itself by promoting long-term investments and encouraging active community involvement through staking. It enables its community to actively contribute to network expansion and sustainability, while minimizing environmental impact. This project represents a remarkable evolution of the traditional Bitcoin model and ushers in a new era of environmentally conscious and community-driven participation in cryptocurrency.
3. Rollbit Coin (RLB)
The Rollbit Token (RLB) was introduced as an essential part of the Rollbit lottery and followed a unique distribution model. Unlike traditional Initial Coin Offerings (ICOs), RLB tokens were broadcast for free to existing users of the Rollbit casino and trading platform Rollbit.com.
The main driving force behind the demand for RLB tokens is the Rollbit lottery, where these tokens serve as entry tickets, giving holders the chance to share in the casino’s profits. RLB tokens are required to participate in the lottery.
Rollbot bought and burned $RLB Every hour of every day for 8 weeks now!
Thanks to last week’s earnings, $1.4 million worth of RLB went to the incinerator ????
As of today, all purchases for the buy & burn will be made on-chain ⛓️ https://t.co/loirCxAduz pic.twitter.com/JqzJxs6jJ4
— Rollbit (@rollbitcom) October 3, 2023
The lottery prize pool is funded from a profit sharing pool, collecting 20% of the casino’s daily winnings during each round.
Rollbit, with its well-established and profitable platform, made RLB tokens useful from the start by integrating them into the lottery system, with prizes derived from a portion of the casino’s profits.
The supply of RLB tokens is limited to 5 billion coins, and entry into the lottery requires wagering RLB tokens during each round. Half of the staking fee (0.20%) is burned permanently, reducing the token supply.
As the 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 costs will benefit the deployment of 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 decreasing supply can put 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 safety, transparency and honesty underlie 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 recognized as the world’s first computer programmer. Cardano’s native token, ADA, plays an important role in enabling network participation and management. ADA holders can vote on proposed software changes, giving them a say in the evolution of the platform.
Cardano is known for its layered blockchain architecture, which offers modularity that supports the development of decentralized applications (dApps) and smart contracts. One of the crucial milestones was the Alonzo hardfork, launched in September 2021, which introduced smart contract functionality to the platform. In the wake of this upgrade, Cardano experienced a significant price increase, gaining 116% within a month.
Do you want to stay informed about everything Cardano has to offer?
Sign up for our biweekly #CommunityDigest and receive the latest news, updates and events straight to your inbox. ????
— Cardano Community (@Cardano) October 2, 2023
The practical applications of Cardano’s technology are diverse. It is used by agricultural companies to trace fresh produce from source to consumer, ensures the secure storage of educational data and helps retailers combat counterfeit products. These real-world examples illustrate the platform’s commitment to providing practical, blockchain-based solutions that improve various sectors and industries.
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