Home Crypto Best Crypto to Buy Now October 5 – Aave, Trust Wallet, Mina Protocol

Best Crypto to Buy Now October 5 – Aave, Trust Wallet, Mina Protocol

by Janine Lindsey

The recent news of Ethereum SIM swap attacks has raised concerns about security in the crypto community. Multiple users on Friend.tech have fallen victim to these attacks, resulting in the theft of over $385,000 worth of Ethereum. The attacks involve hackers stealing ETH by swapping the victims’ SIM cards and compromising their wallet security.

These incidents highlight the need for enhanced security measures across crypto platforms. Experts recommend implementing two-factor authentication, integrating hardware wallets, and removing phone numbers from connected accounts. Friend.tech is taking steps to address these issues by rolling out a new feature that allows users to log into their accounts without using their phone numbers.

In light of the security concerns raised by these attacks, it is important to consider which cryptocurrencies are the best to buy now. Despite the risks associated with SIM swap attacks, several cryptocurrencies continue to be touted as strong investments due to their solid fundamentals and positive technical indicators.

One such cryptocurrency is Aave (AAVE), which recently hit a multi-month high but faced resistance at key levels. The AAVE price is currently consolidating under resistance, and traders may want to wait for a decisive breakout before making a directional bet. Immediate support lies at the Fib 0.382 level, while resistance remains at the zone between $67.99 and $70.12.

Another cryptocurrency to consider is Bitcoin Minetrix, which aims to make BTC mining accessible to everyone. By combining staking and mining, Bitcoin Minetrix provides high rewards and APYs without prohibitive investments or technical expertise. The project focuses on transparency and security for investors, and the presale for the BTCMTX token has already seen significant success.

Trust Wallet Token (TWT) is also worth considering, as its price has been rallying while the overall cryptocurrency market trend is bearish. However, TWT is currently overbought, so caution is advised. Traders should wait for a clear breakout above resistance before entering a position.

Lastly, Meme Kombat ($MK) is generating buzz as a meme coin that incorporates a betting platform where users can wager on battles between popular meme characters. With multiple game modes, staking rewards, and a decentralized platform, Meme Kombat aims to stand out in the meme coin market.

In conclusion, while the recent Ethereum SIM swap attacks have raised concerns about security in the crypto community, there are still several cryptocurrencies that are considered the best to buy now. It is important to consider the security measures implemented by crypto platforms and perform thorough research before investing in any cryptocurrency.

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