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‘What is the best crypto to buy right now‘ is a common question asked by investors – in this article, we explore a range of tokens to watch.
In the cryptocurrency market, the total market cap stands at $1.44 trillion, reflecting an intraday decrease of 1.53%. Simultaneously, the total 24-hour market volume has declined by 97.39%, now at $141.68 billion.
Best Crypto to Buy Now
In the past 24 hours, the overall cryptocurrency market has experienced a decrease in volume, totaling $48.66 billion, marking a 6.83% decline. Notably, the decentralized finance (DeFi) sector contributes $5.19 billion to this figure, representing 10.67% of the total market volume within the same timeframe. Stablecoins, on the other hand, account for a substantial portion, currently at $42.86 billion, constituting 88.07% of the total 24-hour cryptocurrency market volume.
1. Polygon (MATIC)
Polygon boasts a circulating supply of 8.01 billion MATIC out of a maximum of 10 billion MATIC. Its current standings include #7 in the Proof-of-Stake Coins sector, #3 in the Ethereum (ERC20) Tokens sector, and a notable top position in the Layer 2 sector based on market cap.
MATIC is trading above the 200-day simple moving average, exhibiting positive trends compared to its token sale price. Over the last 30 days, it experienced 17 green days, accounting for 57% of the observed period. The project’s substantial market capitalization reflects its high liquidity.
This month, the team behind Polygon Miden released a new version of Miden VM (v0.7). This latest version includes a variety of new features, the sum of which improved VM performance by 30%. Among those new features is a variation of Falcon signature verification, a key building… https://t.co/XoBJ6ZDnbj
— Polygon Foundation (@0xPolygonFdn) October 26, 2023
Delving into historical price data, Polygon reached its pinnacle on December 27, 2021, hitting an all-time high of $2.91. Conversely, the all-time low occurred on May 9, 2019, at $0.003049. Post-ATH, the lowest price touched $0.322074 (cycle low), while the highest soared to $1.559350 (cycle high). Presently, sentiment in the Polygon price prediction leans bearish, and the Fear & Greed Index registers at 74, indicating a market sentiment characterized by greed.
2. KuCoin Token (KCS)
In recent market developments, KuCoin Token has undergone fluctuations. On Dec 1, 2021, KCS peaked at $28.79, marking an all-time high. However, it reached its lowest point on Dec 4, 2017, trading at an all-time low of $0.316302. Following the all-time high, the lowest price reached $3.56, and the highest since the last cycle low hit $8.23.
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— KuCoin (@kucoincom) November 30, 2023
The current sentiment regarding KuCoin Token’s price prediction is leaning bullish, with the Fear & Greed Index at 74(Greed). KCS’s circulating supply stands at 80.12 million KCS out of a maximum supply of 171.25 million KCS. Based on market cap, KuCoin Token currently holds the #8 position in the Exchange Tokens sector and is ranked #23 in the Ethereum (ERC20) Tokens sector.
KuCoin Token’s recent performance showcases a substantial 22% price increase over the past year, marking a notable uptrend. It has outpaced 57% of the top 100 crypto assets during this period. Noteworthy indicators include consistently trading above the 200-day simple moving average.
Additionally, there is a significant presence of 20 green days in the last 30 days, representing 67% of the observed period. The token is positioned near its cycle high, indicating a favorable market standing.
3. XRP (XRP)
XRP has shown a significant performance over the past year, with a notable 51% increase in its price. This growth has outpaced 64% of the top 100 crypto assets. The coin consistently trades above the 200-day simple moving average, indicating a sustained positive trend.
In recent market dynamics, XRP has seen 18 green days in the last 30 days, making up 60% of the observed period. This positive momentum aligns with the project’s high liquidity, as reflected in its market cap.
XRP reached its all-time high of $3.92 On January 4, 2018, touching an all-time low of $0.002802 on July 7, 2014. Following the all-time high, the lowest price reached $0.113268 (cycle low), while the highest touched $1.977930 (cycle high). Presently, the XRP price prediction sentiment remains neutral, with the Fear & Greed Index registering at 74, indicating a market sentiment characterized by greed.
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— Ripple (@Ripple) November 29, 2023
The current circulating supply is 53.89 billion XRP out of a maximum supply of 100 billion XRP. The yearly supply inflation rate is 16.81%, with 7.75 billion XRP created last year. Within the Layer 1 sector, XRP holds the #4 position based on market cap.
4. Cosmos (ATOM)
Cosmos reached its zenith on January 7, 2022, attaining an all-time high of $44.47. The lowest recorded price traces back to November 14, 2016, at $0.000104. Following the all-time high (ATH), the lowest price reached $5.60, while the highest ATOM price since the last cycle low reached $16.90. Presently, sentiment surrounding Cosmos’s price prediction remains neutral, as reflected by a Fear & Greed Index reading of 74 (Greed).
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— Cosmos – The Interchain ⚛️ (@cosmos) November 28, 2023
The yearly supply inflation rate is 31.70%, creating 90.77 million ATOM tokens in the past year. ATOM currently holds 377.14 million ATOM tokens in circulation. In the broader market context, Cosmos has the #9 position in the Proof-of-Stake Coins sector and ranks #14 in the Layer 1 sector based on market cap.
Additionally, Cosmos encompasses consistent trading above the 200-day simple moving average, positive performance relative to its token sale price. Furthermore, Cosmos has seen positive price trends with 18 days of gains in the past 30 days, making up 60% of the observed period.
5. Launchpad XYZ (LPX)
Launchpad XYZ has introduced a range of investment products focusing on the Web 3.0 sector, covering utility tokens, Initial Coin Offerings (ICOs), and Non-Fungible Tokens (NFTs). The platform aims to streamline the Web 3.0 experience within its ecosystem for novices and seasoned investors. Its objective is to furnish crypto investors, regardless of their expertise, with valuable information to support well-informed decision-making.
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Seamless integration for tech-savvy traders 🔄 #Web3 #CryptoCommunity #Web3 pic.twitter.com/tWZqv74XUa
— Launchpad.xyz (@launchpadlpx) November 29, 2023
Users on the platform are eligible for discounts on products and services offered by Launchpad XYZ partners. Early access to beta-mode play-to-earn games is granted for those holding a minimum of 10,000 LPX tokens. This feature enables users to closely monitor game development, allowing for informed decisions regarding in-game crypto tokens.
The native token within the Launchpad XYZ ecosystem is LPX. Token holders enjoy access to premium features, such as reduced trading commissions on the Launchpad XYZ decentralized exchange. Furthermore, LPX token holders receive guaranteed access to new NFT mints at competitive prices and early access to exclusive presales.
Launchpad XYZ is developing a decentralized exchange (DEX) to facilitate basic exchanges and specific perpetual contracts. This development aims to enable traders to engage in leverage and short sales. LPX token holders stand to benefit from reduced trading fees on the Launchpad XYZ exchange, thereby enhancing the utility and value of LPX tokens.
The LPX token has demonstrated success, evidenced by the substantial funds raised during its presale, totaling $2,093,850. This reception indicates market acceptance, potentially positioning LPX as a noteworthy option. As of the latest update, the LPX token is valued at $0.0445 per token, with a listing price of $0.0565 and an ongoing 7% bonus.
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