The recent collapse of FTX saw prices dip for almost every cryptocurrency. While the event was catastrophic and caused significant damage to many portfolios, we should try to remember the silver lining. Currently, many top crypto projects are now on sale for investors. With that in mind, here’s the top 5 best cryptos to buy now before prices recover from the FTX collapse:
Metacade (MCADE)
Solana (SOL)
Polygon (MATIC)
OKB (OKB)
GMX (GMX)
1. Metacade (MCADE) – Revolutionary Crypto Gaming Platform
The best crypto to buy since the FTX collapse is Metacade. The platform is looking to become the largest arcade to be found on the blockchain, offering a range of services to a large community of gamers. With Metacade’s advanced earning mechanics and collection of arcade games, the platform has the potential to become a central hub for all GameFi enthusiasts.
Metacade will support both casual and competitive gameplay. There are a range of classic arcade games in development, as well as brand-new blockchain games that will be developed exclusively for use on the platform. Gamers will be able to experience endless variety while playing through multiple titles, earning MCADE tokens in the process.
Metacade’s earning mechanics are also extremely advanced. Gamers can earn MCADE tokens for creating content on the platform, as well as for completing tasks, staking cryptocurrency, and interacting with other users.
Users will be able to decide which new blockchain games are developed on the platform and can provide early-stage funding to game developers through the Metagrants program. The project aims to ultimately become a decentralized autonomous organization (DAO) over time and will become entirely governed by its community.
Why buy MCADE?
The MCADE token recently announced the start of its presale event. In the first three weeks since the beta phase of the presale began, all 140,000,000 MCADE tokens were sold out. The project raised over $1 million in total and is only just getting started, with over $2.1 million now raised.
The project could rival major GameFi platforms such as Decentraland and Axie Infinity over time due to its unique features. For now, the price of MCADE is just $0.01, and it has the potential to rise over 50x in the coming years. For this reason, Metacade is currently the number one best crypto to buy right now.
>>> You can participate in the MCADE presale here <<<
2. Solana (SOL)
The second best crypto to buy now is Solana – a layer 1 blockchain network that can support the development of decentralized applications (dApps). The blockchain uses a unique consensus mechanism that combines proof-of-stake (PoS) with proof-of-history (PoH) to deliver rapid block finality.
Solana processes crypto transactions at high speed and at low cost, which can help to improve the user experience for independent dApps. The network aims to support the growth of Web3 by creating a scalable blockchain solution, as developers can create applications that serve millions of users on the Solana network without much latency or a significant loss in performance.
The Solana ecosystem is home to many different blockchain applications and a flourishing digital art scene that uses Solana-based non-fungible tokens (NFTs). Applications include DeFi products such as decentralized exchanges (DEXs) and GameFi platforms.
Why buy SOL?
After the collapse of FTX in November, SOL fell over 70% in value. This is because Sam Bankman-Fried’s two companies – FTX and Alameda – were major backers of the Solana ecosystem. After FTX and Alameda announced bankruptcy, investors exited their SOL positions after a widespread loss of confidence.
However, Solana is expected to recover from its recent hardship. The current price of $15.68 is an undervaluation for the utility that can be found in the Solana ecosystem, and the token is expected to reclaim its previous all-time high of $250 over time. With this in mind, SOL is one of the best cryptos to buy since the FTX controversy.
3. Polygon (MATIC)
Polygon is a layer 2 scaling solution for Ethereum. The network could help to improve the overall user experience for dApps within the Ethereum ecosystem, which gives it tremendous value and makes it one of the best cryptos to buy at current prices.
The Polygon network processes transactions at high speed and at low cost. It is well-suited to support blockchain-based games, as these applications typically require a large number of user transactions during gameplay. Polygon has now become one of the go-to destinations for developers building GameFI platforms.
Polygon can transform Ethereum into a multi-chain ecosystem, as it allows developers to create their own sidechains that are compatible with Ethereum Virtual Machine (EVM). More blockchains are becoming interoperable, and Polygon is expected to become a key player in the Internet of Blockchains (IoB) due to its capacity to support a large number of users.
MATIC is the native token for the Polygon network. It is used to pay transaction fees and provide rewards for validator nodes. Anyone can become a validator in the Polygon ecosystem as the process does not require expensive hardware – it only requires that validators stake tokens to keep the network secure.
Why buy MATIC?
Ethereum is the biggest ecosystem of dApps that can be found on any blockchain, and it has historically suffered from scalability problems that are solved by Polygon’s Layer 2 solution. As a result, Polygon can help Web3 to achieve global adoption by allowing thousands of dApps to support many more users.
The MATIC token is currently valued under $1, but it is not expected to remain at this price level for long. MATIC looks like a high-potential investment opportunity since the FTX controversy took place, which makes it the third best crypto to buy right now.
4. OKB (OKB)
OKB, the native token for the OKX centralized exchange (CEX), is the fourth best crypto to buy now. The platform has formed partnerships with some major companies including Manchester City FC, which can help the exchange to gain exposure to mainstream markets.
CEXs are a key entry point for new blockchain users as they provide a suite of useful trading services all in a single location. OKX is an intuitive platform that offers spot trading, futures trading, borrowing, and lending. After the collapse of FTX, the title of second-largest CEX is up for grabs and OKEX may grow to this level over time, which makes it one of the best cryptos to buy right now.
OKB is the native token for the OKX ecosystem, enabling a range of benefits to its holders. It is used for transaction fees on the exchange and holders can gain reduced fees for holding the tokens at certain thresholds. It can also be staked to earn a passive yield and to vote in governance proposals on OKX.
Why buy OKB?
OKB could rise significantly in value as more users join the CEX over time. Blockchain technology is expected to continue its path towards global adoption over the coming years, despite recent controversy surrounding the collapse of FTX. OKX could play an important role in this development.
OKB is currently priced at $27.33 per token. Over time, it has the potential to rival BNB as a top CEX token, breaching resistance levels over $100. For this reason, OKB is one of the best cryptos to buy right now.
5. GMX (GMX)
The fifth best crypto to buy now is GMX – a decentralized exchange (DEX). It offers much of the same functionality as a CEX, except users retain custody over their digital assets and do not need to provide know your customer (KYC) verification.
GMX allows traders to purchase cryptocurrency on spot markets and trade with leverage on a selection of major tokens. The smart contracts used by GMX are fully secure and the platform uses liquidity pools to ensure that users can always withdraw their funds. In comparison, major centralized DeFi platforms halted withdrawals during the 2022 bear market including FTX and Celsius Network.
Trading relies on the GMX token to provide rewards for liquidity providers (LPs). LPs ensure that the balancing pools can support trading activity on the GMX platform, and so are rewarded whenever a trader buys cryptocurrency on the spot market, makes a futures trade, or when liquidity pools are rebalanced.
As more blockchain users opt to self-custody their assets in the wake of the FTX capitulation, GMX could become a popular destination for trading services on the blockchain. It offers an intuitive user interface and advanced trading tools, and represents a reliable alternative to CEXs, which makes it one of the best cryptos to buy right now.
Why buy GMX?
GMX is the best-performing cryptocurrency during 2022 – in stark contrast to its CEX competitor, FTX. The token has risen over 2x since January while most other cryptocurrencies fell over 75% in value due to the ongoing bear market.
GMX has deflationary tokenomics and a total supply less than 9,000,000. The scarcity of the GMX token means that it could become extremely valuable over time. It could do some major gains from its current price level of $[x], which makes it one of the best cryptos to buy right now.
The best crypto to buy now – Metacade
Metacade is the best crypto to buy now because the MCADE token presale is a rare opportunity to get involved in a high-potential crypto project at the early stages. Prices are unlikely to ever be this low again before MCADE skyrockets and becomes one of the biggest GameFi platforms in Web3.
The price of MCADE is rising from $0.008 to $0.02 during the presale, and investors have a limited time to get involved. Each presale phase is expected to sell out completely, so investors need to be swift if they want to add MCADE to their portfolio during the post-FTX price levels.
You can participate in the MCADE presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
