The cryptocurrency market declined 1.13% over the last 24 hours as risk-off sentiment intensified amid the unwinding of leverage positions and macroeconomic uncertainty. This drawdown led to the market extending its 10.37% weekly decline.
Total crypto derivatives open interest fell 8.7% to $80 billion in a single day, with perpetual trading volume down 24%. This came on the back of a record $19 billion liquidation event on October 11, triggered by U.S. President Donald Trump’s threat of a 100% tariff on China. Following last week’s volatility, traders are cutting their risk exposure, which has reduced speculative interest. The average funding rate for leveraged positions remains near zero, reflecting muted demand for longs.
Today’s Altcoin Season Idex reading of 28/100 and BTC Dominance reading of 58.83% suggest that the market is firmly in Bitcoin Season territory, and altcoins continue to lag the apex crypto. The Altseaon index has dropped 60% over 30 days, as investors are increasingly rotating capital into BTC, favoring its relative stability over altcoins’ volatility. Alts are underperforming due to higher risk profiles.
However, several altcoins have managed to outperform the broader market despite the negative sentiment. According to our analysis, the best cryptos to buy now are: Hana Network (HANA), Akedo (AKE), and KGeN (KGEN). Their respective rallies were driven by catalysts such as exchange listings and airdrop momentum, ecosystem growth, and technical rebound.
Best Cryptos To Buy Today: $HANA, $AKE, $KGEN
1. Hana Network (HANA)
The price of HANA rose 33.52% over the last 24 hours, registering a sharp rebound from a 30-day decline of nearly 70%. The token’s surge is in contrast with the 1.78% drop in the broader crypto market. HANA was listed on Binance Alpha on September 26, with the exchange airdropping 270 HANA for eligible users. This event triggered a short-term demand for the asset, as traders sought to qualify for the airdrop. The 150.9% surge in daily trading volume confirms this pattern – but post-airdrop selloffs are common for low-cap assets like HANA.
KuCoin listed HANA on September 25, with the exchange’s trading bots and liquidity pools driving a 592% spike in volume to $59.3 million. New token listings often attract speculative traders, but HANA remains 78.5% below its 30-day high of $0.30. HANA’s 24-hour rally lacks fundamental support, with critics pointing out that there is no functional product and the project relied on aggressive KOL-led presales to increase its market value.
Hana Network, which claims to be the “TikTok of Crypto”, faces criticism because 51% of HANA’s supply is allocated to community incentives and 19% to the core team. While its RSI-14 reading of 50.25 suggests neutral momentum, the negative monthly return (-69%) highlights low confidence. HANA must close above its 7-day SMA ($0.055) amid rising sell pressure from airdrop recipients and early investors.
| Hana Network ($HANA) Price | Minimum Price (2025) | Average Price (2025) | Maximum Price (2025) | ROI |
|---|---|---|---|---|
| $0.06366 | $0.04136 | $0.04628 | $0.05776 | -8.83% |
2. Akedo (AKE)
AKE rose 16.94% over the last 24 hours, outperforming the broader crypto market during that period, while extending its 7-day rally to 25.56%. The token was listed on Binance, Kraken, and MEXC exchanges in August, boosting its liquidity. The KuCoin Spotlight IEO raised $25 million with an 80x oversubscription rate, driving AKE’s 24-hour trading volume up 243.88% to $21.5 million.
Exchange debuts help expand a cryptocurrency’s accessibility, attracting both speculative traders and long-term holders. The oversubscription of the IEO signals strong institutional interest, with KuCoin’s price protection mechanism of buying back AKE if the price falls below $0.0004, reducing post-listing sell pressure. Akedo has allocated 33% of the AKE supply to fee burning, 33% to stakers, and 33% to platform revenue, with over 2 million wallets participating in staking following the token generation event (TGE). Token burns reduce circulating supply, while staking locks liquidity. As Akedo is required to mint fresh game tokens for its launchpad, demand for AKE as a utility asset is expected to grow.
AKE broke above its 7-day SMA ($0.00166) and 30-day SMA ($0.00159). While its RSI-7 reading of 61.1 suggests bullish momentum with more room for upside growth, the MACD histogram remains negative. Short-term traders are targeting the token’s resistance at the 23.6% Fibonacci resistance ($0.00183) – but a weak MACD convergence signals potential price pullbacks if trading volume stalls. It will be key for AKE to hold above $0.00166 to sustain bullish momentum amid a broader market uncertainty.
| Akedo ($AKE) Price | Minimum Price (2025) | Average Price (2025) | Maximum Price (2025) | ROI |
|---|---|---|---|---|
| $0.001702 | $0.0013379 | $0.001509 | $0.001908 | +12.59% |
3. KGeN (KGEN)
KGEN rose 19.16% in the past 24 hours, outperforming the broader crypto market’s 1.93% dip. On October 7, crypto exchange Gate launched KGEN on its futures and margins trading platforms with 50x leverage, resulting in the token’s daily volume surging 73% to $88.6 million – highlighting increased trader interest. Derivatives listings often increase liquidity and speculative activity for cryptocurrencies, and the ability to short or leverage KGEN is likely to have amplified its volatility. However, bullish sentiment dominated its market due to a low circulating supply.
X account ‘SolPub2’ recently posted a thread highlighting KGeN’s Q4 2025 roadmap, which showed potential AI integrations and staking rewards for users. The project has already secured $13.5 million in funding from crypto venture capitalists, including Prosus Ventures and Jump Crypto, in 2025. While a project roadmap is a positive catalyst, KGEN is currently priced 54% below its 30-day high of $0.636 from October 7. KGeN’s proof-of-gamer ecosystem also faces regulatory scrutiny, affecting its potential utility in the gaming market.
KGEN broke above its 7-day SMA ($0.199) and EMA ($0.219), with the RSI-7 reading of 46 suggesting more room for upper price movement before hitting overbought levels. This breakout above short-term averages may have triggered algorithmic buying for KGEN – but its resistance lies near the 30-day SMA ($0.30), aligning with the 54% monthly decline. It is key for KGEN to sustain its price above $0.25 if the broader crypto market’s Fear & Greed Index sentiment persists in the “Fear” zone (32).
| KGeN ($KGEN) Price | Minimum Price (2025) | Average Price (2025) | Maximum Price (2025) | ROI |
|---|---|---|---|---|
| $0.2686 | $0.1784 | $0.1990 | $0.2472 | -7.94% |
Final Thoughts on Best Cryptos to Buy Now (10/16): $HANA, $AKE, $KGEN
The rallies of today’s best-performing altcoins came despite the broader crypto market facing a downtrend. While $HANA, $AKE, and $KGEN are showing bullish momentum and could offer investors massive ROI in the short-term, technical signals are in murky waters, with concerns over the Hana Network’s tokenomics, KGeN’s regulatory scrutiny, and the impact of investors’ lack of confidence in altcoins on the Akedo ecosystem looming large.
Traders have taken a cautious approach following the $19 billion liquidation event on October 10, preferring Bitcoin’s market dominance and relative stability over altcoins’ volatility. Reduced speculative interest has negatively affected the altseason narrative, as investors are reducing their exposure to risk-on assets.
Readers should note that cryptocurrencies are highly speculative and volatile assets, and it is recommended that you conduct proper due diligence and seek expert opinion before making an investment decision. Furthermore, the contents of this article are for informational purposes and should not be construed as investment advice.