Hong Kong is set to license more cryptocurrency exchanges by 2024, aiming to enhance regulatory compliance in the digital finance sector. A recent policy supporting AI in finance is intended to foster innovation while managing regulatory challenges. Additionally, proposed tax breaks on virtual assets aim to boost Hong Kong’s appeal as a digital investment hub. Together, these developments reflect the growing acceptance of cryptocurrencies and digital assets in mainstream finance.
In light of these shifts, this article explores some of the top cryptocurrencies to buy now , offering insights for investors considering opportunities in the evolving crypto market.
Top Cryptocurrencies to Buy Now
MANTRA is priced at $1.39, showing a notable increase of 9.54% in the last 24 hours. This rise positions it among the top market gainers. In another development, Chiliz announced that Socios.com, its main platform for fan engagement, has received “in-principle” approval from the Malta Financial Services Authority (MFSA). Meanwhile, Internet Computer (ICP) has demonstrated resilience in a volatile market, maintaining support at a key trendline and displaying some signs of potential upward movement.
1. MANTRA (OM)
Today, MANTRA (OM) is priced at $1.39, reflecting a 9.54% increase over the past 24 hours and placing it among the top market gainers. Despite this growth, market sentiment for OM remains neutral, while the Fear & Greed Index shows a “Greed” score of 69, suggesting cautious optimism from investors.
Moreover, OM’s price is currently trading above its 200-day simple moving average, indicating positive momentum. It also shows a strong liquidity level relative to its market cap, which can help ease price volatility. Additionally, OM’s price is performing well compared to its initial token sale price.
A recent boost to OM’s performance follows the October 23 launch of the MANTRA Chain mainnet. This development allows users to bridge OM tokens from other blockchains to the MANTRA Chain, where they can stake tokens to help secure the network and earn rewards. MANTRA’s mainnet staking offers a projected annual return that outpaces Ethereum, making it appealing to users. Over 1 million OM tokens have been bridged since the mainnet launch, indicating strong early participation.
CoinGlass data reveals a 43% increase in open interest for OM in the futures market, reaching $44.66 million. This rise suggests that OM is drawing growing attention from short-term traders, likely influenced by the recent price movements and mainnet activity.
2. Chiliz (CHZ)
Chiliz announced that Socios.com, its main fan engagement platform, has received “in-principle” approval from the Malta Financial Services Authority (MFSA). This approval reflects Chiliz Group’s effort to operate within established regulations and further develop blockchain applications for fan engagement in sports.
Socios.com allows fans to connect with their favorite sports teams by purchasing tokens associated with those teams. This setup gives fans limited decision-making options and access to team-related perks. The platform has already partnered with multiple European football clubs, enhancing digital interaction between fans and teams.
By moving to Malta, Chiliz can benefit from the regulatory structure in place, creating more opportunities for controlled expansion in the European Union. The new location could also support the platform in rolling out additional features under clear regulatory oversight.
Currently, the price of CHZ is $0.06119, showing a slight 0.67% decrease over the last 24 hours. Chiliz has shown market activity in 17 of the past 30 days, with a 57% rate of green days.
Its 14-day Relative Strength Index (RSI) is 44.01, suggesting a neutral position with potential sideways movement. According to CoinCodex, there is a prediction that Chiliz’s price could increase by 148.80%, potentially reaching $0.1516 by November.
3. Internet Computer (ICP)
Internet Computer Protocol seeks to decentralize cloud services and web applications, offering an alternative to traditional hosting through blockchain technology. The project allows developers to build and host software directly on the blockchain, aiming to create a more secure, scalable, and censorship-resistant internet environment.
Aligned with Web3 principles, ICP envisions a decentralized internet where users control their data and privacy. By removing the need for standard cloud infrastructure, ICP proposes a new framework for decentralized applications (dApps) that could lead to a distributed and secure online space.
In recent market activity, ICP has shown resilience amid volatility, maintaining support at a key trendline with some signs of upward potential. An increase in token holders suggests growing interest, with $9.51 seen as a critical level for a potential breakout. At press time, ICP trades around $7.80, up 1.12% intraday, with trading volume at $39.42 million, showing a 0.75% increase.
However, overall sentiment around ICP remains cautious, with a Fear & Greed Index score of 69 (Greed). Nevertheless, ICP has produced positive returns compared to its initial sale price in USD, BTC, and ETH, indicating steady performance amid market fluctuations. Its approach to a decentralized internet is notable, though the market shows mixed sentiment on near-term price movement.
4. FreeDum Fighters (DUM)
FreeDum Fighter s is a meme coin blending humor and political commentary, leveraging the upcoming U.S. elections to attract attention. Users buy DUM tokens to vote for satirical candidates like Magatron and Kamacop 9000, characters loosely based on real political figures.
This approach introduces a layer of entertainment in the crypto space while offering staking rewards to participants. The project is built on several blockchains, including Ethereum, Binance Smart Chain, Base, and Solana, enabling cross-chain functionality and potentially broadening its user base.
Furthermore, FreeDum Fighters’ staking model offers high annual returns, reportedly up to 1829%, which has drawn interest from meme coin fans and politically aware investors. At the time of writing, the project has raised over $324,000, with tokens priced at $0.000055, suggesting early interest.
This model combines political themes with cryptocurrency, and as election events unfold, its connection to real-world issues may influence engagement. The DUM project’s popularity largely depends on its ability to sustain interest beyond short-term, election-driven hype.
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5. Monero (XMR)
Monero is a cryptocurrency focused on privacy and anonymity, launched in 2014. Unlike Bitcoin’s transparent blockchain, Monero uses cryptographic techniques to conceal transaction details. This privacy-oriented design makes it difficult to trace payments back to their sources, safeguarding both senders and recipients.
The Monero team aims to make the platform secure, easy to use, and efficient, accommodating users with varying levels of technical expertise. Transactions on Monero are designed to be quick, low-cost, and censorship-resistant.
At the time of writing, Monero is priced at $162.93, reflecting a 1.47% increase in the past 24 hours. It currently trades 1% above its 200-day simple moving average (SMA) of $151.05, with a positive price movement recorded on 15 of the last 30 days. Monero’s high liquidity relative to its market cap supports stable trading activity.
The price prediction sentiment for Monero is neutral, while the broader crypto market shows a Greed sentiment with a Fear & Greed Index score of 69. Monero’s 14-day Relative Strength Index (RSI) is at 46.46, suggesting it is neither overbought nor oversold, with potential for sideways trading in the near term.
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