Best Crypto to Buy Right Now October 8 – XRP, Aptos, Conflux

Whale activity in the cryptocurrency market has increased for several leading altcoins over the past few days, particularly for projects like Cronos (CRO) and Circle’s USDC. These significant wallet movements coincide with Bitcoin hovering above the $60,000 mark, suggesting potential market shifts.

This surge in whale transactions is significant because large trades by institutional or high-net-worth investors often indicate a potential shift in the price of a digital asset. While the overall market sentiment stays steady, investors focus on the best crypto to buy right now with potential future growth. Monitoring market signals can help identify promising cryptocurrencies for investment. 

Best Crypto to Buy Right Now

Recently, Franklin Templeton announced a partnership with the Aptos Foundation to introduce the OnChain U.S. Government Money Fund (FOBXX) on the Aptos blockchain. Meanwhile, XRP has gained robust support from its community and developers, who are optimistic about the token’s future. Conflux has teamed up with COPX.AI, reflecting a growing interest in blockchain applications and the potential for innovative financial products.

1. Aptos (APT)

Aptos is a layer-one blockchain designed to tackle notable challenges, such as high transaction fees and slow processing times, that often affect other platforms like Ethereum. Developed by Aptos Labs, Aptos aims to enhance blockchain functionality by leveraging its expertise.

In recent news, Franklin Templeton partnered with the Aptos Foundation to launch the OnChain U.S. Government Money Fund (FOBXX) on the Aptos blockchain. The fund has surpassed $20 million in subscriptions, which suggests a promising advancement in integrating blockchain technology within traditional finance. 

 

This collaboration aims to enhance interoperability between real-world and treasury-backed assets across non-Ethereum Virtual Machine (non-EVM) blockchain environments. In addition, Aptos Labs has announced its acquisition of HashPalette, a subsidiary of HashPort, signaling a strategic move to enter the Japanese blockchain market. 

HashPalette plans to transition its Palette Chain and related applications to the Aptos Network by early 2025. Although details are still emerging, governance token holders of Palette Chain (PLT) may have the opportunity to exchange their tokens for APT.

Meanwhile, the APT token has shown notable activity in the market, with its token currently trading at approximately $8.99. It has experienced an intraday increase of 1.63% and a weekly rise of 9.51%. Furthermore, the token has seen a significant boost in trading volume, with a 52.17% surge over the last 24 hours. 

2. Flockerz (FLOCK)

Flockerz is emerging in the cryptocurrency market with a distinctive Vote-to-Earn (V2E) mechanism that allows token holders to earn rewards by participating in governance votes. This innovative approach sets it apart within the decentralized finance sector. Central to the Flockerz ecosystem is Flocktopia, its decentralized autonomous organization (DAO), which facilitates community involvement. 

Members can express their opinions on various project decisions through this Vote-to-Earn model while receiving rewards for participating. The FLOCKERZ community significantly influences important decisions, including expansion plans, marketing strategies, token burns, and the development of new features. Active participation in these governance processes allows members to earn more FLOCK tokens, aligning their interests with the project’s success. 

This community-driven approach reflects a commitment to decentralization, as outlined in the FLOCKERZ whitepaper. It emphasizes that a single entity does not control the project. Instead, Flocktopia aims to ensure that all community members have an equitable share of power. 

At press time, the project had raised over $523,000. Flockerz fosters a sense of shared responsibility among its users by fostering a collaborative environment. Moreover, the project seeks to establish a new standard in the meme coin sector through its unique focus on decentralization and community engagement.

Visit Flockerz Presale

3. TRON (TRX)

TRON is a decentralized blockchain operating system created by the Tron Foundation in 2017. Initially launched as an Ethereum-based token, TRX transitioned to its blockchain network. The primary goal of TRON is to empower digital content creators by providing them full ownership rights over their work. 

Furthermore, TRON supports smart contracts, various blockchain systems, and decentralized applications (dApps). Its transaction model is akin to Bitcoin’s Unspent Transaction Output (UTXO) system, ensuring that all operations are recorded on a public ledger. By serving as an alternative to Ethereum, TRON provides developers with a cost-effective platform to create dApps with minimal transaction fees.

At the time of writing, TRX trades between $0.1511 and $0.1595. The current resistance level is $0.1627, while support is $0.1459. Over the past month, the price has increased more than 3%, and it has increased more significantly by approximately 30% over the last six months.

The market sentiment for TRON shows a bullish outlook, complemented by a Fear & Greed Index reading of 49, which is categorized as neutral. In the last 30 days, TRON experienced 17 days of price increases, reflecting a 57% positive performance ratio. The token also demonstrates high liquidity, supported by its substantial market capitalization, and its current price shows positive performance compared to its initial token sale price. 

4. Conflux (CFX)

Conflux recently partnered with COPX.AI, a community-driven platform governed by smart contracts. This collaboration is designed to connect decentralized economies with traditional finance systems, aiming to build a secure, scalable ecosystem powered by AI and blockchain technology. The partnership highlights Conflux’s broader focus on integrating decentralized and conventional financial systems.

Additionally, Conflux has integrated with the Worldwide Stablecoin Payment Network (WSPN), bringing the WUSD stablecoin into its ecosystem. This move is intended to expand Conflux’s presence in decentralized finance (DeFi) by improving payment solutions and creating new opportunities for innovation within the space.

The native token, CFX, has seen significant price movement recently. It is trading at $0.1831, showing a 41.47% increase over the last month, though it dropped by 4.26% in the past 24 hours. Despite this short-term decline, the overall sentiment remains positive. 

Moreover, the token trades 10.45% above its 200-day simple moving average (SMA) of $0.165953, indicating a long-term upward trend. The 14-day Relative Strength Index (RSI) is 53.41, suggesting a neutral outlook. This implies that the price could either consolidate or move sideways soon, as the market isn’t currently overbought or oversold.

Furthermore, Conflux has shown strong market activity, with 19 green trading days in the last 30 days, representing 63% of the time. It also benefits from high liquidity, making it more stable relative to its market cap.

5. XRP (XRP)

XRP has garnered strong support from its community and developers, who remain optimistic about its underlying technology. Despite recent market volatility and bearish conditions, many analysts maintain a positive long-term outlook for XRP, believing it holds potential for future growth.

Currently ranked 7th by market capitalization, XRP shows an upward price trend. As of now, it is trading at around $0.530, with a slight devaluation of 1.02%. A notable development in XRP’s recent performance is the sharp rise in its trading volume, particularly in the derivatives market. 

Data from Coinglass highlighted a 66% increase in trading activity in the perpetual derivatives market for XRP, bringing total derivatives turnover to $1 billion within the last 24 hours. This spike in activity pushed XRP to the 12th spot regarding derivatives turnover.

This surge in derivatives trading has fueled speculation of a potential price rally, as increased trading volume often signals heightened investor interest and market movement. While this doesn’t guarantee a price increase, it suggests that XRP remains an actively traded asset, drawing attention from investors.

Read More

• Best Crypto to Buy Now