The capitalization of the global cryptocurrency market has once again surpassed $1 trillion, as the cryptocurrency community expects that the October rally, popularly known as “Uptober,” could lead to notable growth.
Some of the ten cryptocurrencies worth considering buying today include Dogecoin (DOGE), IMPT (IMPT), Tamadoge (TAMA), Ripple (XRP), TON (TON), Helium (HNT), Shiba Inu (SHIB), Convex Finance (CVX), Polygon (MATIC) and Elrond (EGLD).
Dogecoin rose 6.3% in the last 24 hours. At the time of writing, DOGE was trading at $0.0646. DOGE was not able to grow much in the last week, its weekly gain was just over 6%.
Dogecoin has surged in the past 24 hours amid news that Elon Musk will go ahead with his deal to buy Twitter at an initial share price of $54.60.
The Dogecoin community hopes that Musk’s acquisition of Twitter could create utility for the coin on the social media platform.
One of the best cryptosystems to invest in right now is IMPT. IMPT is currently in pre-sale, which is already attracting many investors.
The IMPT pre-sale has raised over $250,000 so far, and it continues to generate a lot of interest in the market because of its unique use case.
Impact Project (IMPT) is a new project aimed at using blockchain technology to create a sustainable world. IMPT could easily be recognized as the greenest cryptocurrency of 2022.
The project uses a new approach in which interchangeable tokens (NFTs) can be used as carbon credits for security and transparency.
The IMPT website shows that the project has welcomed a wide range of brands because of its vision.
The website shows that more than 10,000 brands have agreed to join the project and work together to reduce carbon emissions.
According to this analyst, IMPT has the potential to be one of the strongest players in the marketplace.
Tamadoge is the most popular cryptocurrency on the market right now. In the last 24 hours, TAMA has risen 8.6%. TAMA has seen impressive growth in the last week, as evidenced by a rise of more than 500% over that time. At the time of writing, TAMA was trading at $0.152.
Tamadoge is a sensational meme coin project that is making waves in the market. The token has major listings on CEX. After being listed on OKX, TAMA is listed on BitMart as well as on LBank and MEXC Global.
According to CoinMarketCap, TAMA has a market capitalization of $153 million, which is quite impressive for a new listing.
Tamadoge is attracting interest from all corners of the crypto space because of its revolutionary approach. Tamadoge has combined the aesthetics of meme coins with the best games you can earn.
Ripple (XRP) continues to support the bullish sentiment of the past few weeks. At the time of writing, XRP was trading at $0.481 after rising 4.1% in 24 hours.
XRP remains one of the best-selling tokens on the market, trading at $2.2 billion. XRP is up more than 40 percent in the past 30 days.
XRP is attracting interest from the crypto community because of details surrounding its ongoing case with the SEC. Ripple recently defeated the SEC after Judge Analisa Torres ordered the SEC to produce documents on William Hinman’s speech.
TON is up 0.5% in the last 24 hours, making it one of the coins that showed a slight increase. TON has also lost about 19.6% in the last 30 days. At the time of writing, TON was trading at $0.0086.
The Open Network is a fully decentralized network created by Telegram to attract millions of users. The network offers high transaction speeds, low fees, and easy-to-use proprietary applications.
Open Network developers have announced a P2P marketplace that will allow Telegram’s 550 million monthly users to trade TON directly on the messaging platform.
Another token you might also consider buying today is Helium. HNT is one of the best gainers in the last 24 hours after rising 7.5%. At the time of writing, HNT was trading at $5.31. HNT is also up 24% in the last 30 days.
HNT attracted a lot of trading after developers said they had migrated the network to the Solana blockchain. However, there was some pessimism about the migration after the Solana network was shut down last week due to a misconfigured node.
Nevertheless, bullish sentiment in the broader crypto space could lead to HNT heading for high levels as it targets $6.
Shiba Inu (SHIB)
Shiba Inu does not seem to be gaining as much as most of the cryptocurrency market. At the time of writing, SHIB was trading at $0.00001140 after rising 1.4%.
SHIB has also performed poorly over the past 30 days, as evidenced by an 11.2% decline.
SHIB is the 12th largest cryptocurrency with a market capitalization of $6.71 billion.
Shiba Inu bulls seem weak this year, despite optimism that the meme coin may have growth similar to that generated last October when it hit a record high.
Nevertheless, SHIB’s “October momentum” seems weak, and the coin may fall lower.
Convex Finance (CVX)
Decentralized finance (DeFi) tokens have become quite popular as a means of portfolio diversification, and CVX is one of the tokens you might consider buying today.
CVX is already rising with the rest of the market after rising 3.5% in 24 hours. At the time of writing, CVX was trading at $5.33.
CVX is one of the low-capitalization cryptocurrencies on the market, with a market capitalization of $369 million. Nevertheless, the token seems to be leading the DeFi token recovery.
Convex Finance is a protocol that facilitates maximizing returns. It allows liquidity providers to earn trading commissions and claim increased CRGV tokens without blocking CRV tokens.
MATIC has been consolidating over the past 24 hours, and as of this writing, the token is trading at $0.826.
MATIC has remained fairly stable over the past 24 hours as bears and bulls fight for control.
However, given the bullish sentiment in the broader market, growth could be on the way.
MATIC did not record any noticeable growth over the last month. MATIC stock is down 71% from its all-time high of last December.
If the bulls regain control, MATIC could gain as much as $1. Traders should keep an eye on the $0.888 levels, as this could affect price momentum.
EGLD is up 2.8% in the last 24 hours, trading at $55.15 at the time of writing. EGLD is up 17.5% in the last week.
EGLD’s intraday trading volumes are also impressive at $91 million, while its market capitalization is $1.2 billion, making it the 44th largest cryptocurrency.
EGLD’s performance in the short term could be optimistic given the performance of the broader cryptocurrency market. Thus, in the short term, we could see EGLD jump to $75.