Best Crypto to Buy Now October 20 – IMPT (IMPT), Aave (AAVE), Uniswap (UNI), XRP
The crypto market had a sideways day with the total market capitalization at the same level as the previous 24 hours and the biggest coins in the market barely moved one way or the other.
However, some coins have shown a little more life on October 20.
IMPT
The new eco-friendly crypto project passed a landmark of $6 million in investment, just two weeks after the phase 1 of the pre-sale was launched.
The project, which will make carbon credits fully tradable for individuals and businesses, is currently racing through pre-sales to much excitement in the room.
Tokens are on sale for $0.018, but in the final presale phase they will cost $0.028 – a 55% increase.
IMPT offers customers the opportunity to earn IMPT tokens, which can then be converted into carbon credits.
Carbon credits act as a way for companies to offset their carbon footprints, by financing global conservation projects.
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AAVE
The DeFi protocol is down 3% in 24 hours, but could represent a good opportunity to buy the dip after a huge rise over the past seven days.
AAVE is still up nearly 18% on the seven-day chart, the fourth best performer of the top 100 coins by market capitalization.
Although the coin fell to $81.50, bullish sentiment saw the coin move back to $83.50 before the latest decline.
Its Relative Strength Index (RSI) reads 62, placing it in the “strong” category and poised for another move up.
The next resistance level is $85, according to MACD.
Buy AAVE on eToro
Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Uniswap (UNI)
Uniswap has become one of the most popular coins in crypto amid ongoing concerns from founder Hayden Adams and a large number of the decentralized exchange’s user base.
Earlier this week, Binance distributed 13.2 million UNI tokens from its own books, instantly making it the second largest entity in the Uniswap DAO behind only venture capital group a16z.
Adams became the voice of concern from the wider Uniswap community, asking Binance – and CEO Changpeng Zhao – what they intended to do with them.
The award represents 5.9% of the voting power, a significant amount.
Earlier this month, Uniswap announced a $165 million investment round that saw the token rise by 30% in just two weeks.
Buy UNI on eToro
Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
XRP
There has been little news about the Ripple vs SEC lawsuit this month, but that may be about to change.
The two sides are set for a court hearing today, although the exact ramifications of that are not yet known.
Hundreds of exhibits have been filed this week by both sides, according to CryptoLaw, but it is not known when or how much will be released.
However, the market still reacted positively to the news, with XRP trading 1% over the previous 24 hours after three consecutive days in the red.
Good news from the court is likely to see the price of XRP rise in the coming days.
Dash 2 Trade (D2T)
Dash 2 Trade is an Ethereum-based platform that will provide cryptocurrency traders with actionable real-time market data, insights and analysis.
As of yesterday, the Dash 2 Trade pre-sale has quickly passed key milestones, crossed $300,000 within just a few hours. Now it’s up to more than $400,000, and is likely to pass a few more important milestones in the coming hours.
2022 has been characterized by advance sales. For example, Tamadoge (TAMA) raised $19 million in its pre-sale before witnessing a 1,800% gain (relative to its pre-sale price) at some point after listing on OKX.
Although it is difficult to predict the future, D2T appears to have a very bright future given its strong fundamentals.
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