02 Oct 2022 · 3 min read

Which Crypto to Buy Today - TAMA, RSR, XLM

Cryptocurrencies were trading in the red early this morning, October 2. The worldwide crypto market cap is $935.24 billion, down 0.01% from the previous day. Over the last 24 hours, the crypto market volume has increased by 13.20% to $79.05 billion.

The overall volume in DeFi is currently $3.98 billion, accounting for 5.03% of the entire 24-hour volume in the crypto market. The overall volume of all stablecoins is now $64.37 billion, accounting for 81.43% of the total 24-hour volume of the crypto market.

Which Crypto to Buy Today

Despite a slight slowdown in the cryptocurrency market, a few cryptocurrency pairs are making headlines today. Let us take a look.

Tamadoge (TAMA) on a Bullish Run, Up 170% 

Tamadoge has attracted much attention from the crypto community as one of the most promising new cryptocurrencies. Even more so than meme coins' like Dogecoin and Shiba Inu, which saw quadruple-digit returns last year in 2021, the token benefits from the attention it receives for being a novelty. 

Tamadoge is an excellent coin to invest in, owing to its positive fundamentals and strong technical outlook. Tamadoge's current price is $0.086, with a 24-hour trading volume of $30 million at the time of writing. 

Tamadoge Price Page - Source: Coinmarketcap

In the last 24 hours, Tamadoge has increased by 170%. CoinMarketCap is currently ranked #2661, with a live market capitalization of $87 million. Tamadoge is also listed on coinmarketcap, one of the top crypto gainers, with 4,702 people on its watchlist.

Tamadoge Price Chart - Soruce: Tradingview

There are several reasons behind such a strong bullish trend in Tamadoge, including its listing on multiple exchanges, potential upcoming listings, and Tamadoge NFTs. 

Tamadoge has risen nearly 420% from its lows, from $0.01683 to 0.08286 so far, and early investors who purchased it during the presale have already made massive returns.

Tamadoge, in any case, is still a good coin to invest in today. I just posted the Tamadoge price prediction; check it out to get a sense of its future prospects.

Reserve Rights (RSR) Up 19%

Besides Tamadoge, Reserve Rights (RSR) is also in the highlights, soaring nearly 19% in the last 24 hours. With a live market cap of $402 million, CoinMarketCap now ranks #85. 

RSR Price - Source: coinmarketcap 

There are 42302323974 RSR coins in circulation, with a maximum supply of 100,000,000,000 RSR coins.

Reserve Rights (RSR) is an ERC-20 token that the Reserve Protocol will use for two major purposes: 

  • Insuring Reserve stablecoins (RTokens) through staking. 
  • Regulating them by proposing and voting on modifications to their configuration.

Reserve Rights (RSR) tokens were released in May this year after a successful ICO on the Huobi Prime platform. 

During the last week, Reserve protocol tweeted that the full protocol rollout will start in October because five audits are either finished or nearly finished.

Additionally, announcing a launch party in Bogotá on October 10 adds to the coin's optimistic sentiment.

RSR has already broken through a symmetrical triangle pattern at $0.0073 and a double top resistance level at $0.0087. The closing of a bullish engulfing candle on the daily timeframe indicates the possibility of a bullish trend continuation. 

RSR Price Chart - Source: Tradingview

As a result, the RSR/USDT pair may move towards the $0.0100 or $0.0114 resistance levels. Support, however, remains at $0.0087 or 0.0073 levels.

Stellar (XLM) Up 1.27% 

Stellar Lumens is one of the three cryptocurrencies with good upside potential. Even though the cryptocurrency market as a whole is under bearish pressure, XLM has scored 1.27% in the last 24 hours. 

XLM Price - Source: coinmarketcap

CoinMarketCap now ranks #25 with a live market cap of $3 billion. There are 25 billion XLM coins in circulation, with a maximum supply of 50 billion XLM coins.

Stellar (XLM) is a decentralized, peer-to-peer (P2P) network developed in 2014 by Stellar.org, also known as The Stellar Development Foundation. To better link the world's financial networks and provide a protocol for payment providers and financial institutions, the network became live in 2015. 

The system is built to facilitate the transfer of funds rapidly, reliably, and at a low cost. Stellar connects users, financial institutions, and payment processors and facilitates the generation, transfer, and exchange of numerous forms of cryptocurrency.

XLM Price Chart - Source: Tradingview

On the technical front, the upward trendline is extending significant support near $0.1066. XLM has formed a bullish engulfing candle near $0.1198 and above the 50-day moving average, indicating a bullish trend.

The XLM/USD pair will likely encounter significant resistance near the $0.1227 level; however, a break above this level could extend the uptrend to the 0.1301 or 0.1382 levels. 

Looking at the leading technical indicators such as RSI and MACD, the XLM/USD is in a bullish trend, and investors are likely to look for buying opportunities.