Best Crypto To Buy Now As Bitcoin Price Dips Below $110k

As the new week started, BTC managed to recover to $115k, only to return to the former support level again in the middle of the week. However, with the weekend approaching, the support gave in, and Bitcoin finally dropped below this key level as the crypto market cap slipped under $3.8 trillion.

While this provides an opportunity for long-term investors to buy BTC at a low price, traders are looking elsewhere for the best crypto to buy now.

Best Crypto To Buy in Mid-October Market

The crypto industry always offers opportunities for traders and investors - the trick lies in finding them in time. With that said, here are some ideas to consider if you are looking for the best crypto to buy now.

Jito (JTO)

The first asset to consider is Jito - a native cryptocurrency of the Jito Network, which is itself a major contributor to the Solana ecosystem.

The Jito Network uses its JitoSOL liquid staking pool and its collection of MEV products to allow users to exchange SOL for JitoSOL. In return, holders maintain SOL’s liquidity and access to DeFi opportunities while earning yield from staking.

JitoSOL uniquely provides its holders with additional rewards from transaction revenue associated with MEV extraction on Solana.

In other words, the token lets you earn passive income and provides additional rewards on top of that, making it the best crypto to buy now if you are looking for a rewarding asset to use to get through the current difficult period. It is also worth noting that Jito has recently seen sharp price growth, which took it to a resistance at $1.17 several times this week.

The project has been trading in the green for most of this week while the rest of the crypto sector was struggling, suggesting that there is both demand and potential for further growth moving forward.

Bless (BLESS)

The next option for the best crypto to buy now is Bless, which is a native token of the Bless Network.

This is a decentralized computing platform that turns everyday devices into one big shared computer. That means laptops, desktops, and phones - practically anything with a screen and a processor - can be used to contribute verified computing power through a Bless node.

Then, applications get to tap that capacity on demand. As participation grows, the network will continue to scale with it, giving a practical way for developers to run compute-intensive processes, while node runners get rewarded for their contributions.

The project’s price has been flat for the best part of the past seven days, but it saw a sharp surge on late Wednesday and early Thursday, soaring from $0.0365 to $0.217. This, again, proved that projects with real utilities can withstand periods when market trends affect most other cryptocurrencies.

Even though the BLESS price has corrected since hitting its weekly high, it managed to find a new support at $0.10, which has been holding it from dropping further down.

Ultimately, the project is all about using blockchain technology to achieve freedom, including freedom to build, share resources, and use AI as one sees fit.

Basic Attention Token (BAT)

Moving on, there is Basic Attention Token, or BAT - the first crypto to power a blockchain-based digital advertising platform designed to reward users for their attention fairly, while providing advertisers with a better return on their ad spend.

The Web2 model for advertising is flawed in a lot of ways, as brands have to pay massive amounts to advertisers who then bombard any user they can find with a variety of products. Over the years, targeting became more advanced, but it comes at the cost of user data and a loss of privacy, making users resentful toward ads and the products they offer.

BAT, which is also a native cryptocurrency of the Brave browser, came up with an alternative approach. The browser blocks all ads, and users who wish to watch them can flip a switch to allow them as part of their online experience. What’s more, they get paid to watch ads in the form of BAT tokens.

This way, brands get to pay a lot less for advertising and reward users for engaging with their ads and products. Thanks to the Basic Attention Token ecosystem, brands and users can engage with one another directly and cut out the middleman - expensive and intrusive advertising firms that keep all the money for themselves.

BAT has also seen stronger price performance lately, soaring at a time when most other projects were struggling. With more users turning to the Brave browser and using its token-earning feature, BAT is bound to see more activity over time, which could reflect positively on its value, thus making it a solid long-term investment and the best crypto to buy now.

Bitcoin Hyper (HYPER)

The last on the list is Bitcoin Hyper (HYPER), and unlike other mentioned projects, this one is currently still in presale. This makes it a unique entry, as interested investors have the opportunity to buy the token before its price sees its first major surge after going live.