Best Crypto to Buy Now October 27 – NEO, Conflux, Render
The crypto market continues its uncertain direction on shaky ground with Bitcoin struggling to maintain $34,000. For investors seeking Bitcoin alternatives, NEO, Conflux, Render, Bitcoin Minetrix, and Meme Kombat present potential avenues as leading contenders for the best crypto to buy now.
Despite the subdued market activity in the broader cryptocurrency space today, the price of NEO is seeing a notable surge, jumping over 6% to reach 8.81$ so far today. This spike comes on the heels of NEO unveiling a sidechain designed to counter Maximum Extractable Value (MEV) attacks while maintaining compatibility with Ethereum. This development could enhance NEO’s transaction speeds and scalability.
Technical analysis shows a series of price increases for NEO stemming from a support level of $6.42. After a period of consolidation, NEO broke out, signaling a prolonged bullish trend. Its price has also crossed the 50-day and 200-day EMAs, reinforcing the bullish outlook.
Conflux (CFX) has shown resilience as well as it hovers above the 100-day EMA at $0.1509, registering a 0.40% gain so far today. After a period of retracement towards the crucial 100-day EMA over the past three days, CFX is maintaining its position above this support.
As long as CFX can keep consolidating above the 100-day EMA, the technical outlook remains positive, which combined with an optimistic crypto market sentiment, could ignite the next price surge for CFX.
Additionally, Conflux expanded its global presence with the recent opening of Hong Kong offices on October 25. Conflux’s expansion into Asian markets is in line with its objective of providing global services and promoting the adoption of its network. The international growth of Conflux has the potential to
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