What’s the best crypto to buy today? Volatility is back on the radar as Mantra (OM) readies a wave of token unlocks and IOTA (MIOTA) struggles near multi-year lows.

Both markets face selling pressure, and the arrival of new supply in Q4 could decide whether the floor holds or the slide deepens.

(Source: DropsTab)

Best Crypto to Buy Today? Mantra Faces Daily Unlocks and Bearish Momentum

Mantra was once a rising modular blockchain play, but now appears to be cornered. Trading at $0.165, OM has shed 86% of its value over the past year, according to CoinGecko data. The token’s market cap sits at $179 Mn with $20.7 Mn in 24-hour volume; it has decent liquidity, but not enough to absorb the constant drip of supply about to hit.

Mantra faces steady sell pressure as tokenomics tilt against it. From Oct. 1–8, daily unlocks of 485,417 OM , about $80,000, or 0.03% of supply, will hit the market. Half the supply already comes from legacy OM tokens, and another 16.9% sits with core contributors whose vesting schedules loom in the background.

“With OM already in a deep downtrend, each unlock increases the risk of cascading sell-offs,” said a DeFi analyst at Messari.

(Source: DropsTab)

Unless new users or partnerships offset the dilution, OM could struggle to reclaim its summer highs near $0.34.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

IOTA Holds Ground but Lacks Catalysts

Meanwhile, IOTA is trading at $0.167, up just +1.7% on the day, with a market cap of $681 Mn. While the network pioneered “Tangle” architecture years ago, it has lost mindshare to newer L1s like SUI and SEI Crypto. IOTA’s daily volume sits at just $4.47M, mostly in USDT pairs.

(Source: DefilLlama)

IOTA is down 12.5% on the month but still 23% higher year-on-year, a sign whales and long-term holders are keeping the floor intact. Yet DefiLlama points to stagnant wallet growth, and with no real DeFi or developer momentum, the token remains vulnerable to wider market swings.

DISCOVER: Top 20 Crypto to Buy in 2025

Macro Backdrop: Rate Cuts vs. Unlock Headwinds

Bitcoin is holding near $114K after the Fed’s rate cut, yet altcoins remain divided. Mantra’s October unlocks all but guarantee fresh sell pressure, while IOTA has no unlocks but little real growth to lean on. The question is whether new liquidity props up these laggards, or whether OM gets dragged lower while IOTA slips further into irrelevance.

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Key Takeaways

  • What’s the best crypto to buy today? Volatility is back on the radar as Mantra (OM) readies a wave of token unlocks and IOTA (MIOTA)
  • Bitcoin is holding near $114K after the Fed’s rate cut, yet altcoins remain divided.

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Isaiah Mccall
Isaiah Mccall
99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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