The cryptocurrency market has shown modest gains over the past 24 hours after a correction at the start of the week. Today is the day the US Federal Reserve meets for a meeting, which in turn could have a big, negative effect on crypto prices.
In this article, we will examine the best crypto to buy today so that you better know which crypto purchase will pay you the most:
1. ApeCoin (APE)
APE, the native token for ApeCoin’s non-fungible token (NFT) and metaverse ecosystem, is one of the most valuable cryptos on the market – despite only launching in March 2022. The coin is currently trading at $5.87, an uptrend of 12.53% in the past 24 hours.
APE investors expect a major coin lock to happen this week. ApeCoin ADO is expected to unlock 25 million APE tokens allocated to launch contributors. These unnamed companies and contributors may flood the market with their tokens, although investors are optimistic that APE could withstand the selling pressure.
2. Helium (HNT)
HNT is the native token for the Helium Network – a blockchain that allows anyone to own and control a wireless network of Internet of Things (IoT) devices. The token is currently trading at $4.47, representing a price drop of 4.3% in the past 24 hours.
It seems that HNT is one of the most popular coins due to a bug on Binance that led to the mishandling of HNT tokens. Binance allegedly misallocated around 4.8 million HNT tokens and sent them to random users who quickly sold the coins for a profit.
3. Chiliz (CHZ)
The Chiliz platform is one of the most popular Web3 services available. Chiliz operates Socios, which allows sports and entertainment franchises to launch fan tokens that enable them to better interact with their fans.
Chiliz, the platform’s native token, is currently trading at $0.23 and has risen 0.28% in the last 24 hours. Investors are particularly excited about Chiliz’s intention to move from the Ethereum blockchain to its proprietary chain, CHZ 2.0.
The move is expected to make Chiliz a self-sustaining platform, allowing it to compete with some of the biggest platforms in the NFT and Web3 spaces.
4. Luna Classic (LUNC)
LUNC is the former asset of the Terra ecosystem. After the USTC stablecoin lost its peg, connection to the dollar, LUNC lost more than 99% of its value in a recession that affected the entire market. However, LUNC is still a hot item for many who still believe in the industry and the idea behind Terra Luna.
Trading at $0.00028, LUNC’s price is down 4.73% in the last 24 hours. But like the USTC, investors expect the 1.2% tax burn to launch later this week. The tax burn is already supported by exchanges such as Binance, KuCoin and MEXC, and it can be an important catalyst for a price increase.
5. Algorand (ALGO)
ALGO runs Algorand – a proof-of-stake (PoS) blockchain that describes itself as the home of FutureFi. It is currently trading at $0.34, with an uptrend of 8.3% in the last 24 hours.
Algorand is on the list of the most popular coins because the blockchain protocol recently signed a cooperation agreement with FIFA – the global governing body of football. As part of the agreement, FIFA is launching ‘FIFA+ Collect’, an NFT platform. FIFA+ Collect allows football fans to buy football highlights, pictures and art. With the World Cup less than two months away, this could also be a bullish time for assets.
6. Convex Finance (CVX)
Convex Finance is a decentralized finance (DeFi) protocol that allows users to earn rewards, interest payments and trading fees. Although it is not one of the biggest DeFi protocols, users are attracted to Convex for its ability to earn extra income.
CVX is trading at $4.70, up 1.48% in the last 24 hours.
7. Terra (LUNA)
LUNA is the new addition to the Terra ecosystem. After the collapse of the original ecosystem, investors moved to LUNA, a fork of the old blockchain. LUNA is currently trading at $2.70, down 4.87% from the past day.
The digital currency is trending as South Korean researchers continue their search for Do Kwon, the founder of Terra. Kwon insists he is not on the run, although his whereabouts remain unknown.
8. Quantum (QNT)
QNT is the native token for Quant – a blockchain interoperability network that allows for seamless collaboration and movement of resources between multiple blockchains. It is popularly known as the first operating system built for blockchains to connect different blockchains and networks.
Priced at $103.93, QNT is up 1.74% in the last 24 hours.
9. Lido Finance (LDO)
LDO operates Lido Finance – a floating staking protocol that allows users to stake cryptocurrencies and earn returns. The platform is operated by Lido DAO – a decentralized independent organization that operates Lido.
LDO, which is currently trading at $1.77, is up 3.21% in the last 24 hours. LDO seems to be on a roll as more investors turn to Lido Finance to stake their coins. Days before the Ethereum merger, Lido reportedly held 30% of all staked ETH. This is expected to increase, further strengthening LDO’s outlook.
10. Battle infinity (IBAT)
IBAT rounds out the list of coins that are most popular. The native token for the Battle Infinity fantasy sports ecosystem is becoming one of the most exciting new coins on the market. Battle Infinity’s seamless blend of the metaverse, NFTs, and fantasy sports has generated huge investor interest in the platform.
IBAT is currently trading at $0.0029. The coin has seen a 5.54% increase in the last 24 hours, although investors are even more excited about the coin’s strike later this week. Strike was supposed to add more functionality to the coin, which recently ended its presale and is seeing investor demand increase.
11. TerraUSD Classic (USTC)
The first option among the most popular coins is USTC. USTC, formerly the stablecoin of the Terra ecosystem, has moved away from the dollar but is aiming to regain its value.
USTC is currently trading at $0.032, representing a price increase of 0.92% in the past 24 hours. The coin is set for a major tax burn of 1.2% which should go live on September 21st. Along with Terra Classic (LUNC), USTC is expected to see some benefits once the tax burn takes effect.