There has not been much action happening across the broader cryptocurrency market. The global cryptocurrency market capitalization is at $961 billion after a 1.3% decline in 24 hours.
Some of the four best cryptocurrencies that you might consider buying now despite the consolidation in the broader market are IMPT, Tamadoge (TAMA), Hedera (HBAR), and Maker (MKR).
The IMPT presale is taking off massively, having raised more than $5 million since its launch earlier this month. At the time of writing, $5.85 million had been raised from the presale, according to the IMPT.io website.
The IMPT platform is planning to create a decentralized marketplace for carbon credits that will assist in creating an affordable and effective mechanism that will allow individuals and companies to fight climate change and invest in the planet.
Tamadoge is another trending crypto that you should also consider buying today. At the time of writing, TAMA was trading at $0.0235 after retracing by 22.7% over the past 24 hours. The price is retracing after an explosive rally that happened earlier this month.
Despite the price taking a blow amid selling pressure, positive developments are happening in the Tamadoge ecosystem that could motivate traders to buy the dip. one of these developments is an upcoming listing for TAMA on the CoinW exchange on October 20.
Tamadoge has officially released a collection of 1000 rare Tamadoge non-fungible tokens (NFTs). TAMA is a play-to-earn meme coin. The Tamadoge project was released a few months back, and it has the potential for growth because of bringing together the meme coin and the blockchain gaming spaces.
HBAR has dropped slightly by 4.2% over the past 24 hours. HBAR was trading at $0.0606 at the time of writing. HBAR has only gained by 5.4% over the past month. The token has been one of the worst affected cryptos during the ongoing bear market after dropping nearly 90% since hitting an all-time high.
One factor that makes Hedera one of the best cryptos to invest in is utility. Hedera runs on a proof-of-stake consensus, an advantage because many investors are now seeking tokens to promote environmental sustainability. Hedera has also presented itself as an enterprise-level blockchain solution that could receive adoption.
MKR has gained slightly by 1.6% over the past 24 hours, trading at $1093 at the time of writing. MKR has pumped 73% over the past month, hinting at positive buyer sentiment in the token within this time. Nevertheless, MKR has also dropped 56% on a year-to-date (YTD) basis.
Maker is one of the largest decentralized finance (DeFi) players. The founder of MakerDAO, Rune Christensen, recently laid out a plan to change the platform’s model to make it more decentralized. However, Andreessen Horowitz’s a16z crypto fund does not support the plan to break up the DeFi platform. The a16z crypto fund is one of the largest investors in Maker.
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