Best Cryptocurrency to Buy Now on October 17: MX Token, Polygon, Bitcoin Cash

The crypto market in the last 24 hours has shown some unexpected trends. The price of bitcoin, for example, has surpassed the $28,000 mark, and there is speculation that it could reach the $30,000 benchmark before the end of the quarter.

Similar trends can also be seen in most altcoins. So what are the best cryptocurrencies to buy now?

The best cryptocurrency to buy now

As the cryptocurrency market continues to recover, emerging projects are also seeking visibility. One sector that has received increasing interest this year is artificial intelligence. The sector has attracted billions of dollars in investor interest.

Global crypto Market Capitalization Chart

Additionally, crypto opportunities in the ai ​​sector include the yPredict project, which is still in the pre-sale phase. The project has attracted millions of dollars through its pre-sales efforts and is laying the groundwork for its launch in the first quarter of 2024. Details of the YPredict project are included below.

1. Render Token (RNDR)

Render Token has spent most of the year below its highest price, Y2D. Although the cryptocurrency market had high hopes for RNDR’s performance this year, the expected price surge was short-lived. Therefore, many are wondering if RNDR is one of the best cryptocurrencies to buy now. And another question that is doing the rounds is about RNDR’s prospects in the fourth quarter.

Overall, the RNDR chart shows that the token often swings into bearish trends towards the end of Q4. However, RNDR data has maintained an uptrend in the meantime. It posted 3% gains in the early hours today with a corresponding 30% increase in trading volume. However, the sudden price adjustment is not typical for Render Token as the overall outlook in the last 24 hours has been positive. The performance is the result of a recent effort to improve platform performance.

this week’s main @RenderNetwork Highlights covering GPU-accelerated and ai-augmented space media and community: #renderdigest:

– The rendering network (@rendernetwork) October 13, 2023

Currently, the price of RNDR is hovering around the $1.88 range. Improving market outlook may push the asset price towards the $2 mark. But resistance in that range will likely force the token into a reversal. Therefore, it is best to watch the price action closely. A drop in the price of RNDR gives investors the opportunity to buy the dip towards the first quarter of 2024. Typically, RNDR usually records its best performance towards the end of the first quarter.

2. bitcoin Cash (BCH)

bitcoin Cash usually follows bitcoin trends. Earlier today, bitcoin posted gains of over 3%, pushing its price slightly above $28,000. Similarly, BCH recorded an increase of around 2% in price and over 160% in trading volume. Is BCH the best cryptocurrency to buy now?

The performance of bitcoin and its forks indicates that investors should keep a close eye on the assets. As the cryptocurrency market anticipates the next bull run and bitcoin halving, the possibility of a price increase is even greater.

Currently, BCH is seeing impressive performance and the bullish signals are quite strong. A basic analysis of its charts reveals that its price remains well above its 200-day moving averages, indicating an uptrend. Likewise, BCH has seen 15 green days in the last 30 days, a trend that shows the growing interest in the asset.

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Furthermore, BCH continues to boast high liquidity and outperforming 91% of top-tier cryptocurrencies, including ethereum and bitcoin.

However, certain oscillators, including the MACD, indicate imminent bearish pressure. Therefore, BCH may face some pessimism towards the end of the quarter. Overall, investors should keep a close eye on BCH. It may become one of the best performing tokens this quarter.

3. Polygon (MATIC)

MATIC bulls are responding positively to the current crypto market trends. MATIC price has risen by approximately 3% today, raising the price of the asset to $0.53. Similarly, MATIC trading volume has seen an increase of more than 50% in the last 24 hours. However, contrary to the opinion of many, MATIC is unlikely to reach a price of $1 this year.

Despite the downward trend of MATIC in recent times, the Polygon network continues to look for innovative solutions. It is a summary of Zero Knowledge. Miden VM recently released an update that is said to equip the platform with new features and improvements.

Polygon Miden is ZK’s novel rollup designed to extend the EVM feature set.

In Miden, users can generate their own state transitions, providing the network with privacy and performance updates that cannot be achieved through rollups designed for EVM support.

For an update on the progress of… pic.twitter.com/RxmriVWNsc

– Polygon (@0xPolygon) September 29, 2023

The current price of MATIC is largely discounted, especially as the fourth quarter comes to an end. Investors should consider it as one of the best cryptocurrencies to buy now. However, it is better to observe the performance of the asset in the coming days before making a move, as its performance in the last 30 days indicates that it could turn lower in the coming days.

4. MX TOKEN (MX)

MX is the native token of the MEXC Exchange. The token’s value has been growing under the radar, and its current price reaches $2.55. In the last 24 hours, the MX token has seen a price increase of over 8%, making it one of the biggest gainers among the top 500 cryptocurrencies.

Despite the recent slowdown in the cryptocurrency market, MX has shown resilience by printing impressive data. For example, its price has increased more than 190% in the last 52 weeks. Similarly, its current price has remained consistently above its 200-day moving averages.

Furthermore, MX has printed 19 green days in the last 30 days and there is a high probability that it will end the quarter with more impressive numbers.

All in all, MX is one of the best cryptocurrencies to buy now. However, mid-level liquidity remains the token’s challenge. Furthermore, its current circulating supply is only 9% of its total supply. On the contrary, MEXC has a deflationary strategy to curb the token release challenge.

5. YPredict (YPRED)

As the fourth quarter comes to a close, andPredict The launch becomes more imminent. The project aims to decentralize access to market data, a move that will dramatically reduce the learning curve for new traders.

In addition, yPredict features artificial intelligence tools aimed at helping traders achieve optimal performance and improve their profitability.

Immerse yourself in the exciting world of cryptocurrency trading with #yPredict!

Our cutting-edge artificial intelligence and machine learning technology provides traders with invaluable insights to make better-informed decisions and increase profit potential. Additionally, we open doors for ai enthusiasts to monetize their… pic.twitter.com/ZtWFZVxJV6

— yPredict.ai (@yPredict_ai) October 17, 2023

As a cryptocurrency-based project, the yPredict team offers everyone the opportunity to be part of the revolutionary trading solution through its pre-sale program. Interestingly, more than 20,000 investors have committed more than $4 million to the project. The project is therefore off to a good start.

While many cryptocurrency pre-sales of late are aimed at degen investors, andPredict is more focused on creating a platform that solves a real problem and provides utility. And on the other hand, it is backed by a strong team with extensive experience in cryptocurrency trading and artificial intelligence.

Consequently, cryptocurrency investors should keep an eye on these projects. You may be at the forefront of the crypto artificial intelligence sector. At the time of this publication, investors can still own YPRED for as little as $0.1. YPRED is the native token of the andPredict platform. The yPredict pre-sale website provides more information about the project, its offerings and tokenomics.

Visit the yPredict pre-sale

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