Best Crypto to Buy Now September 21 – Celo, Loom Network, Conflux

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‘What is the best crypto to buy right now?’ is a common question investors ask – in this article, we explore a range of tokens to watch. Nevertheless, we have spotlighted some of the best cryptos to buy in our previous articles; you can check them out here.  

However, “What is the best crypto to buy now?” is the question we try to answer every day on InsideBitcoin with this article. It is essential to assist investors with this information. 

Best Crypto to Buy Now

TonCoin leads the downward path today, as most altcoins bleed red on the charts. This trend does not affect all currencies across the board. In other words, some tokens are safe to buy now, and they have been highlighted in this article. 

Global Crypto Market Cap Chart

We included a presale project, a good coin to invest in. Read on to find out the best cryptos to buy now. 

1. Celo (CELO)

Celo is a carbon-negative, permissionless blockchain that forms the foundation for an extensive ecosystem of global partners dedicated to building innovative Web3 decentralized applications (dApps). The primary mission of Celo is to support the development of a more inclusive financial system, and it achieves this by offering accessibility to anyone with a mobile phone.

Celo operates on a decentralized, proof-of-stake blockchain technology stack known as the Celo platform. This platform forms the backbone of the ecosystem, facilitating secure and efficient blockchain operations.

Celo price chart

CELO is the native governance asset of the Celo network. Holders of CELO tokens have the power to participate in governance decisions, helping shape the ecosystem’s future.

Celo’s ecosystem includes several stable assets like cUSD, cEUR, and cREAL. These stablecoins enable real-world users to utilize digital assets in everyday financial transactions.

The Celo mainnet, an open source blockchain, was launched on Earth Day in 2020. It has since garnered a thriving community and witnessed significant developments in its journey towards financial inclusivity. Notably, the Celo community expressed interest in migrating to an Ethereum layer-2 solution, showcasing its commitment to interoperability and innovation.

Furthermore, Celo has attracted prominent validators, including Google Cloud, Deutsche Telekom, Telefonica, and many others. These validators contribute to the network’s security and decentralization.

The Celo Platform is the foundation for over 1,000 projects in over 150 countries. These projects are actively building on Celo, working towards fostering prosperity and financial accessibility for all.

2. Launchpad XYZ (LPX)

Launchpad XYZ is making significant strides in cryptocurrency, with its presale nearing the impressive milestone of $1 million. This achievement reflects the platform’s growth potential and investors’ trust in its prospects. Currently priced at $0.0445 during its presale phase, Launchpad XYZ is attracting more investors who want to participate before it gets listed on exchanges.

At the heart of Launchpad XYZ is a user-centric approach, emphasizing its commitment to providing traders with essential information to make informed decisions about buying and holding crypto assets. It offers real-time data and insights into market sentiment for various assets, serving as a valuable resource for today’s traders.

Launchpad XYZ functions as a perpetual decentralized exchange, enabling traders to effectively hedge their stakes and reduce exposure to sudden market fluctuations. This risk management feature sets it apart as a platform that prioritizes the financial security of its users.

Furthermore, Launchpad XYZ is ahead of the curve by venturing into the booming NFT market. It hosts a marketplace where NFT creators and collectors can connect and conduct business. Additionally, the platform offers exclusive deals for those who list their stakes, providing further incentives for community members.

The growing interest and demand for Launchpad XYZ‘s unique features are driving its presale to sell out rapidly. Investors recognizing the platform’s potential have a prime opportunity to join the community and leverage its advantages. This project could become a significant cryptocurrency poised for explosive growth.

3. Loom Network (LOOM)

Loom Network is a Platform as a Service (PaaS) built on the Ethereum blockchain. It was launched on October 1, 2017, to provide a robust infrastructure for running large-scale decentralized applications (dApps). 

One of the critical objectives of Loom Network is to offer application developers the flexibility to leverage smart contracts that can access significantly more computing power when necessary. Conversely, it allows developers to maintain the same computational power at reduced costs for various tasks, such as onboarding new users or running applications that don’t require the full security features of the Ethereum blockchain.

Loom Network price chart

One notable feature of the Loom Network is its ability to interact with APIs (Application Programming Interfaces) developed by third parties not hosted on the blockchain. This feature enhances the platform’s versatility, making it easier for smart contract developers to create applications without switching to another programming language. By seamlessly integrating with external APIs, developers can bridge their applications with the broader web services and data world.

Loom Network relies on Plasma as its scaling solution, a technology designed to expedite transaction processing within the network. Plasma is known for its capability to enhance the speed and efficiency of blockchain transactions, making it an integral component of the Loom Network’s infrastructure.

Loom Network aims to provide a comprehensive platform that empowers smart contract developers to create, deploy, and manage decentralized applications while maintaining a seamless connection with the external world through its compatibility with third-party APIs and robust scaling solutions like Plasma.

4. THORChain (RUNE)

THORChain is a decentralized liquidity protocol designed to facilitate the seamless exchange of cryptocurrency assets across various blockchain networks. It allows users to swap one cryptocurrency for another without centralized intermediaries, all while maintaining control and custody of their assets throughout the process.

One of the distinguishing features of THORChain is its permissionless and decentralized nature. Users can initiate swaps between cryptocurrencies without relying on traditional order books or centralized exchanges. Instead, THORChain depends on automated market maker (AMM) principles to maintain market prices. This procedure means that the ratio of investments in liquidity pools determines the relative prices of assets.

THORChain price chart

The native utility token of the THORChain platform is called RUNE. RUNE serves as the primary currency within the THORChain ecosystem and plays multiple roles. It is the base currency for trading pairs, serves as a governance token, and contributes to the network’s security through THORChain’s Sybil resistance mechanisms.

THORChain began with its initial decentralized exchange offering (IDO) on the Binance DEX in July 2019. Subsequently, its single chain chaosnet was launched in April 2021, and the multi-chain upgrade followed in the same month. The Mainnet of THORChain went live in June 2022, marking a significant milestone in the protocol’s development.

In summary, THORChain empowers users to exchange cryptocurrencies across different blockchain networks in a decentralized and non-custodial manner, with the RUNE token at the core of its functionality, governance, and security mechanisms.

5. Conflux (CFX)

Conflux (CFX) is a public layer-1 blockchain designed to empower decentralized applications (dApps), e-commerce platforms, and the infrastructure of Web 3.0. It stands out by offering scalability, decentralization, and enhanced security compared to existing blockchain protocols.

One of Conflux’s key strengths is its ability to quickly and efficiently transfer valuable assets. It accomplishes this by ensuring fast transaction processing, minimal network congestion, and low transaction costs, making it an attractive choice for various use cases.

Conflux price chart

The Conflux blockchain operates on the Tree-Graph consensus mechanism, a unique blend of Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms. This consensus mechanism plays a crucial role in achieving agreement among network participants while maintaining the security and decentralization of the network.

Notably, Conflux supports Turing-complete smart contracts written in Solidity, similar to Ethereum, and is compatible with the Ethereum Virtual Machine (EVM). This compatibility makes it easier for developers with experience in Ethereum to transition to the Conflux ecosystem.

The native token of the Conflux platform is CFX. CFX serves several essential functions within the network. It pays transaction fees, participates in network governance, and incentivizes miners who contribute to network security through staking. This multi-faceted role of CFX encourages active participation and engagement within the Conflux ecosystem.

In summary, Conflux is a blockchain protocol that offers enhanced scalability, decentralization, and security for decentralized applications and Web 3.0 infrastructure. Its native token, CFX, plays a central role in network operations and incentivization, making Conflux an intriguing platform for developers and users.

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