Best Crypto to Buy Now October 24 – Mina Protocol, Conflux, Filecoin
The crypto market is heating up, with Bitcoin surpassing $35,000 for the first time since May 2022. As prices climb, investors are searching for the best crypto projects to buy now amid the bullish momentum. Experts are analyzing both established coins with sound fundamentals as well as up-and-coming crypto presales for their growth potential.
Top contenders for the best cryptos to buy now include blockchain leaders Mina Protocol, Conflux, and Filecoin alongside two promising presale tokens, Bitcoin Minetrix and TG.Casino, are also drawing interest from investors looking to diversify into early-stage crypto projects.
The Mina Protocol’s MINA price is surging by 47.79% so far today, reaching a peak of $0.9648.
The sudden increase in MINA’s value was largely attributed to its new trading pairs being listed on Bitrue and Upbit. At its peak, MINA experienced a price jump of 108%.
The token’s price action was also influenced by Mina Protocol’s upcoming testnet launch and overall renewed interest in Bitcoin spot ETF products.
The native token of Conflux, CFX, is also exhibiting a bullish 32.53% price increase so far today, with its price trading at $0.1548. InvestorsObserver gave CFX a very favorable rating, tying the cryptocurrency’s double-digit gain to the growing momentum around Web3 technologies.
Filecoin’s FIL token has similarly seen positive price action over the past two days. After closing with a 12.80% move to the upside yesterday, FIL is seeing some price retracement as it currently attempts to mount the Fib 0.382 level of $3.736.
FIL’s price is showcasing a 17.45% gain over the past week while celebrating the milestone of storing 1 petabyte of data on the network.
Thanks to a solid foundation of exchange listings and technological advancements, Mina Protocol, Conflux, and Filecoin are gaining traction as some of the best cryptos to buy now.
While Mina Protocol, Conflux, and Filecoin are seeing an uptick in volatility so far today, Bitcoin Minetrix and TG.Casino are also offering the chance to get in early on projects with strong roadmaps and visions.
For those drawn to higher-risk, high-reward crypto presale prospects, Bitcoin Minetrix and TG.Casino are some of the best crypto presales to buy now.
As the broader cryptocurrency market continues to see volatility, these projects may be worth watching for those interested in diversifying their crypto investments.
Read on for a detailed breakdown of the charts, tokenomics, and developments making Mina Protocol, Conflux, Filecoin, Bitcoin Minetrix, and TG.Casino the best cryptos to buy now.
Bitrue and Upbit Listing: Catalysts for Mina Protocol’s 108% MINA Price Jump
After a 108% surge to multi-month highs earlier today, Mina Protocol (MINA) saw an intraday pullback, though it remains up substantially as it works to sustain its gains.
With the MINA price giving back some of its parabolic advances but still elevated, technical gauges are at critical inflection points regarding the cryptocurrency’s immediate path forward.
The 20-day EMA for the MINA price stands at $0.4155, while the 50-day EMA sits at $0.3992. With both these short and long-term EMAs well below current prices, this signals MINA has experienced a strong singular-day breakout. However, its inability to hold its intraday peak suggests some caution may be prudent.
The RSI has surged from yesterday’s reading of 79.91 up to an overbought level of 92.55 today. While clearly in stretched territory, this sharp rise aligns with the tremendous intraday uptick in the MINA price.
However, the risk is that decreasing upward momentum could materialize as MINA pulls back from its unsustainable spike highs.
At the same time, the MACD histogram has risen from 0.0086 to 0.0257 within the day. This expanding positive value aligns with the initial explosion higher, though its slope may flatten if MINA struggles to extend gains.
Bolstering its huge intraday spike, MINA saw its market cap swell 49.30% to $686 million as 24-hour volume spiked 5,877.61% to $1.84 trillion. Maintaining these elevated activity levels will likely be required to sustain an upward trajectory.
Near-term resistance exists around MINA’s brief multi-month high from $0.6571 to $0.7236. The Fib 0.382 level at $0.7298 also marks a key test. Reclaiming these zones would renew upside potential.
Areas that provided resistance before the breakout around $0.4172 to $0.5102 may offer a demand floor on any further pullbacks. However, losing the horizontal support zone from $0.4172 to $0.4323 risks shifting the intraday trend back downward.
Despite giving back some gains after its parabolic spike, Mina Protocol retains a constructive short-term outlook amidst still-elevated technical readings. However, holding above the day’s breakout levels is vital to maintain a bullish bias.
With indicators at a potential turning point, trading cautiously with defined risk management is recommended. A decisive pivot past $0.7236 resistance or below $0.4172 support should determine MINA’s next directional move within the day.
Conflux CFX Price Soars 32.53%: Breakout Signals Bullish Potential
The CFX price has seen a dramatic turnaround in sentiment over the past 24 hours. After months of lackluster trading activity and range-bound price action, CFX surged 32.53% higher amid a spike in trading volume.
With technical indicators flashing bullish signals, CFX appears positioned for further gains after breaking out of its two-month trading range.
Despite the CFX price trading above its 20-day Exponential Moving Average (EMA) of $0.1187 and 50-day EMA of $0.1253, the EMAs remain in a bearish alignment. This warrants some caution from traders as CFX will need to maintain its momentum to turn the tides on the EMAs.
The 100-day EMA at $0.1441 may provide an initial test if CFX sees any pullback from overbought RSI levels.
The RSI for CFX spiked to 71.37, up sharply from yesterday’s 49.76 reading. This shows that CFX is now in overbought territory after the latest rally. While this suggests CFX could be due for a cooldown, the RSI has room to rally further before becoming extremely overheated.
CFX also saw a bullish MACD crossover, with the MACD histogram improving to 0.0029 from -0.000 yesterday. The strengthening momentum points to gathering upside energy for CFX.
CFX’s trading volume surged 827.49% to $195.5 million over the past 24 hours. Increased conviction among CFX traders is fueling the breakout as market cap is expanding by 44.11% to $536.3 million. This uptick in activity after a period of consolidation seems to validate the rally.
With CFX rallying 32.53% to $0.1548 so far today, it has broken out of the two-month trading range between $0.1364 and $0.1400. CFX now faces initial resistance at $0.1662 to $0.1718 – the June 10 to August 15 trading range base.
On the downside, the 100-day EMA at $0.1441 and the former resistance zone of $0.1364 to $0.1400 may act as initial support on any pullbacks.
CFX’s technical breakout has turned investor sentiment positive. The cryptocurrency looks poised to rally higher as long as volume remains robust. However, stretched RSI requires monitoring for overheating signals. CFX will need to take out further resistance levels to sustain its uptrend.
Filecoin File Price Prediction: Bulls Charge Ahead, Eyeing $4 Resistance
After posting nearly 13% gains yesterday, the Filecoin (FIL) price is retracing slightly today, down 1.22% to $3.814. However, FIL remains well above key support levels, suggesting further upside potential after its bullish breakout this week.
The 20-day EMA for the FIL price stands at $3.370, crossing above the 50-day EMA at $3.374. This golden cross is a notably bullish sign, signaling growing momentum in the FIL price.
The RSI has pulled back from yesterday’s 77.08 to 73.64 today. While no longer in overbought territory, the RSI remains strongly in the bullish zone, signaling strength behind the FIL price.
The MACD histogram has risen to 0.067, up from 0.051 yesterday. This indicates the bullish trend is accelerating with buyers dominating.
FIL’s market cap now stands at $1.75 trillion, a 5.55% increase. Meanwhile, 24-hour trading volume has surged 184.29% to $341.6 million, highlighting rising interest in FIL among investors.
After breaking past resistance between $3.978 to $4.091, FIL set a new intraday high of $3.988 before pulling back. This area near $4 still marks the next target if the bulls can muster enough momentum.
On the downside, initial support appears around $3.736, the Fib 0.382 level that has contained today’s selloff so far. Below that, stronger support is seen between $3.566 to $3.620, near the 100-day EMA of $3.580.
Overall, the FIL price remains in an uptrend following its successful breakout. While overbought indicators warranted a cooling-off period, FIL has held key support levels on its pullback.
A sustained move above $3.978 resistance would reinforce the bullish outlook and open the door for a retest of $4. On the other hand, a drop below the $3.566 support zone would erase some bullish momentum.
With technical breakouts across top cryptocurrencies, we now explore how to complement established coins with calculated bets on some of the most promising crypto presales.
Bitcoin Minetrix and TG.Casino stand out for their intriguing models and potential to ride the crypto bull market’s coattails.
Bitcoin Alternative Presales to Watch
For those looking to diversify their investment portfolio away from Bitcoin, participating in crypto presales can offer intriguing initial-phase prospects with up-and-coming cryptocurrency projects and tokens.
By participating in presales, investors get the chance to purchase new cryptocurrencies at discounted prices, sometimes weeks or months before the cryptocurrencies are officially launched and listed on exchanges.
Two presale projects on the radar in 2023 are Bitcoin Minetrix and TG.Casino.
Earn Bitcoin Block Rewards with Bitcoin Minetrix’s Unique Cloud Mining Protocol: Is This the Best Crypto to Buy Now?
As Bitcoin’s price surges past the $35,000 mark for the first time since May 2022, it paves the way for what specialists anticipate to be the most substantial bull run in Bitcoin’s history.
Capitalizing on this momentum is Bitcoin Minetrix, a unique tokenized cloud mining protocol established on the Ethereum blockchain.
Bitcoin Minetrix has raised over $2.23 million so far in the presale of its native token, BTCMTX. The new protocol will allow users to earn yield by staking their tokens to receive mining credits which provide a share of Bitcoin block rewards.
This model seeks to democratize access to Bitcoin mining while eliminating common issues in cloud mining like withdrawal delays and opaque fee structures.
BTCMTX is currently priced at $0.0112 in the ongoing presale. The tokenomics allocate 7.5% of the total supply to staking rewards, with an enticing annual percent yield of up to 263% for early participants. As the presale progresses through stages, the price per token is set to increase.
With the Bitcoin halving set for 2024, mining revenues will be cut in half, but experts predict Bitcoin’s value will rise to offset this. “Bitcoin could hit $135,000 soon,” said Robert Kiyosaki, author of Rich Dad Poor Dad. Arthur Hayes, co-founder of BitMEX, sees Bitcoin reaching $750,000.
As bullish indicators stack up, including potential SEC approval of a Bitcoin ETF, Bitcoin Minetrix offers exposure to Bitcoin’s growth story alongside mining income.
While a Bitcoin ETF provides exposure to price, BTCMTX captures the passive income stream many investors miss out on.
With presale prices a fraction of a penny, Bitcoin Minetrix offers an asymmetric upside compared to Bitcoin itself. As the leading cryptocurrency’s value balloons, BTCMTX could yield potential returns for early adopters.
TG.Casino Raises $1.47 Million in Ongoing $TGC Presale: A Game-Changer in Crypto Gambling
The crypto gambling sector continues its rise with the Telegram bot TG.Casino raising $1.47 million and counting from investors during its ongoing $TGC presale.
TG.Casino ($TGC) intends to lead the GambleFi niche thanks to its cutting-edge crypto casino business model and integration with the popular Telegram messaging app. The presale will fund the project’s further development and marketing efforts.
The native $TGC token has seen strong demand in recent days as buyers move to lock in lower prices before increments increase. The token started at $0.125 and has already risen to $0.1375, with nearly 59% of the $2.5 million presale milestone achieved so far.
$TGC token holders can earn staking yields up to 354.34% APY while awaiting the full launch. Integrated into the platform, staking rewards can also be used to bet in the casino.
Crypto influencer cheatcoiner.eth recently invested and played, telling his 30,000 followers that he “had to try it” after hearing the buzz around TG.Casino.
Unlike some projects, TG.Casino already has a functioning product with its online casino. This ability to execute shows investors the team can deliver on its roadmap.
Industry observers have noted TG.Casino’s potential to follow in the footsteps of crypto gambling coin Rollbit ($RLB), which now has a market cap of over $500 million.
TG.Casino’s integration with Telegram gives it a leg up for onboarding crypto-curious users, with 700 million monthly active members on the messaging platform.
While the overall gambling market is worth over $250 billion, crypto casinos have exploded from 5,000 users in January to nearly 50,000 by September. Their ease of access gives crypto casinos an edge over traditional online gambling.
Currently early in its presale, TG.Casino is valued at around $13.75 million. If it nears Rollbit’s peak valuation, substantial gains could be in store for presale buyers.
With 40% of the supply available during this presale, investors are wise to research TG.Casino and buy $TGC tokens while prices remain low. The project has taken care to audit its contract and obtain a gambling license to provide peace of mind.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
