Best Crypto to Buy Now 19 October – Solana (SOL), Polygon (MATIC), IMPT, XRP
The crypto markets are in the red again, with the total market cap down more than 1% and trading volume shrinking in the last 24hrs.
Many of the top coins in the space are also down over the last seven days, although there are some notable exceptions that are performing well.
Solana has followed a bearish trend in recent days and weeks but the native SOL token could now be about to turn.
SOL dipped below $30 for the first time since June following the release of US Consumer Price Index data and despite a mini-recovery earlier in the week is still currently struggling to break out.
The Mango Market Hack - which saw $100 million stolen - also affected the price, with the dApp built on the Solana blockchain. The hack saw 30$ of Solana's Total Value Locked (TVL) wiped instantly.
Top SOL NFT marketplace Magic Eden also saw customers and creators leave after revealing they would make royalties optional.
However, TradingView trader Maikisch has offered some cause for optimism for the token.
The analyst, one of the top forecasters on SOL, believes the coin is now forming an Ending Diagonal pattern which means it could break out in an uptrend very soon.
Buy SOL on eToro
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Polygon has been one of the biggest winners of the last week with its native MATIC token up 9% in seven days and 13% in a month.
The rise in price comes amid a series of updates and partnerships being announced that have the polygon community extremely excited, while crypto investors Grayscale made a large investment last week.
The Layer 2 scaling solution is well placed to make a big run in the next bull market as it is significantly quicker than a lot of blockchains,
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