Best Coins to Buy as US Jobs Data Lands – Impact Project (IMPT), Solana (SOL), BNB, XRP
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The US Department of Labor released stronger-than-expected job data earlier today, which caused the global markets to fall as it opens the door for more interest rate hikes. Besides this, some cryptocurrencies have been holding better than others.
This article will provide some of the best assets to purchase at this moment.
Impact Project (IMPT)
One of the best coins to buy today is IMPT. This is the native token for the Impact Project, a new initiative that intends to use blockchain technology to fight the growing climate change problem.
Launched in 2022, the Impact Project enables individuals and companies to purchase carbon credits and use them to offset some of their carbon footprints. The project was born out of a desire to ensure greater transparency and efficiency in the fight against climate change, and its developers are looking to apply blockchain technology and put its potential for streamlining processes to good use.
For this reason, IMPT is seen by many as the greenest cryptocurrency in the market. This crypto asset is a great option for anyone considering environmental, social, and governance (ESG) investments. IMPT is already demonstrating impressive investor demand; its presale has already received over $1,500,000. IMPT could experience up to 50x gains in the coming weeks.
Next is SOL, one of the market’s most popular and valuable assets. SOL, the utility token for the Solana blockchain ecosystem, has delivered some impressive gains in previous months. The digital asset currently trades at $33.33. SOL’s price has dropped by 2.18% in the past 24 hours.
We believe that SOL is a solid buy for several reasons. The crypto asset is a large-cap coin and would undoubtedly see gains once the market flips bullish. Also, the Solana ecosystem is seeing an uptick in non-fungible token (NFT) activity.
Data from Delphi Digital showed that the blockchain ecosystem saw a significant surge in total NFT trading volume in September, jumping from 7% to 24%. Considering that this was in the same month as the Ethereum Merge, developers’ demand for Solana is notable, especially as the focus was elsewhere.
Solana's share of total NFT trading volume has increased from 7% to 24% over the past 6 weeks. 👀 pic.twitter.com/zpAmz9UkTH— Delphi Digital (@Delphi_Digital) September 29, 2022
Binance Coin (BNB)
BNB is the market’s largest exchange token. BNB powers the Binance ecosystem, serving as its native token. With BNB, Binance users can enjoy several benefits, including staking opportunities and discounts on trading fees.
At press time, BNB trades at $283.91, marking a downtrend of 3.58% in the past 24 hours. Despite the decline, BNB remains one of the best coins for anyone looking to get into crypto today.
Binance is the world’s largest crypto exchange by trading volumes. The company has managed to solidify its place in the market, recording impressive gains and expanding its reach into new countries. In the past month, Binance expanded its footprint in Brazil, commenced operations in New Zealand, and received approval to operate in Kazakhstan.
#Binance opens two offices in Brazil in a move to expand in the country and to grow crypto adoption in Latin America.— Binance (@binance) October 3, 2022
The offices were announced by @cz_binance, who visited the country in March this year. Since then, we have more than doubled the team dedicated to Brazil.
This month, Binance is set to increase its user base, which currently stands at about 100 million users.
XRP, one of the best coins to buy today, is the crypto industry’s standard for international remittances. Its objective is to optimize cross-border payments by providing a faster and cheaper alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT).
XRP currently trades at $0.4897, recording a 1.26% decrease in the past 24 hour
However, XRP’s prospects continue to rise as the asset’s developer, Ripple Labs, progresses with its securities case with the Securities and Exchange Commission (SEC). The company scored a big win last week after a judge ordered the SEC to release critical documents containing comments by a former SEC Director.
As Ripple continues to move closer to a win, crypto enthusiasts are excited about what the future could hold for the asset.