Best Crypto to Buy Now December 4 - Quant, Terra, Flare

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Crypto traders are always on the hunt for the best cryptocurrencies to buy on any given day – we list some high potential coins in this post.

In the latest developments within the cryptocurrency market, the total 24-hour trading volume has surged to $230.46 billion, marking a substantial 32.63% increase compared to the previous day.

Best Crypto to Buy Now

Bitcoin, the leading cryptocurrency, is presently valued at $41,761, showcasing a gain of 5.83% over the past 24 hours. However, Bitcoin dominance has seen a rise of 0.72% during the same period, currently standing at 51.98%.

Investors and observers should take note of these developments as they navigate the dynamic cryptocurrency market. A comprehensive analysis and understanding of market dynamics are crucial for making well-informed decisions in this rapidly evolving financial space.

1. Quant (QNT)

Quant (QNT) maintains a positive trajectory by trading above its 200-day simple moving average, signifying a favorable trend. Additionally, the cryptocurrency has outperformed its initial token sale price. Over the last 30 days, Quant has seen green in 17 of them, constituting 57% of its recent trading activity.

QNT is priced at $102.83, with a 24-hour trading volume reaching $35.59 million. The cryptocurrency’s market capitalization stands at $1.24 billion, holding a market dominance of 0.08%. The QNT price has experienced an intraday increase of 2.35%.

As we count down the days until Christmas, we celebrate a year of news, perspectives and use cases about the future of finance.#QuantAdvent #TheFutureOfFinanceToday #TheFoundationOfTheBlockchainEconomy https://t.co/SAFo9LLcub

— Quant (@quant_network) December 1, 2023

Furthermore, Quant reached its pinnacle on September 11, 2021, hitting an all-time high of $424.43. However, its lowest recorded price was on August 9, 2018, at $0.181764. Following the all-time high, the subsequent cycle low settled at $40.97, and the ensuing cycle high peaked at $225.11.

With a circulating supply of 12.07 million QNT out of a maximum supply of 14.88 million QNT, Quant currently holds the 17th position in the Ethereum (ERC20) Tokens sector. It also ranks 25th in the Layer 1 sector by market cap, making it one of the best crypto to buy now.

2. Terra (LUNA)

Terra has undergone notable price fluctuations in the past year. On May 27, 2022, it peaked at $18.87 but dropped to its lowest point of $0.371215 on August 17, 2023. Since its peak, Terra’s price experienced a cycle low of $0.371215 and then rose to a cycle high of $1.093080.

The current sentiment toward Terra’s price prediction is optimistic, with the Fear & Greed Index at 74(Greed). Terra has consistently traded above its 200-day simple moving average, reflecting a positive trend. LUNA has seen 16 green days in the last 30 days in the recent trading period, making up 53% of the observed period.

Additionally, the cryptocurrency is presently trading near its cycle high, suggesting a period of relative strength. It is ranked the 15th largest cryptocurrency in the Proof-of-Stake Coins sector and 41st in the Layer 1 sector. The current market sentiment is positive, supported by consistent trading above the 200-day simple moving average and a Greed-dominated Fear & Greed Index.

1/2 Continuing its support for Terra ecosystem projects, today, TFL deployed $2.65M of liquidity into @WhiteWhaleDefi:

$1.5M – LUNA/axlUSDC
$1M – wBTC/LUNA
$150K – LUNA/WHALE

TFL's total capital deployment on Terra over the past 16 days now sits at $17.65M 💰 pic.twitter.com/sJJPb1Jdee

— Terra 🌍 Powered by LUNA 🌕 (@terra_money) November 30, 2023

In summary, Terra has witnessed both peaks and troughs in its price movements over the past year. The project’s high liquidity, reflected in its market cap and sector rankings, adds to its standing in the crypto market. However, potential investors should be mindful of the substantial supply inflation rate, as it may impact the token’s value over time.

3. SpongeBob (SPONGE)

SpongeBob has caught the eye of the cryptocurrency community, leveraging the popularity of SpongeBob SquarePants as its inspiration. SPONGE seeks to cultivate a community akin to the allure of the secret Krabby Patty recipe in the original cartoon. The project outlines clear market objectives to achieve a $1 billion market capitalization.

🚨 Exciting news, #SPONGERS! 🧽

The $SPONGE Airdrop distribution is now complete! https://t.co/iMAdfg9SiS

Check your wallets to see if you've made a splash as one of the recipients! 🌊💰#SPONGE #MemeCoin #Airdrop pic.twitter.com/yw7RKVtcg9

— $SPONGE (@spongeoneth) November 7, 2023

Sponge debuted directly on the Uniswap exchange, contributing to its initial momentum. SPONGE allocates 61% of its total token supply of 40.4 billion tokens to decentralized exchange (DEX) liquidity, 29% to unity, and 10% to centralized exchange (CEX).

A noteworthy facet of Sponge is its collaboration with Tamadoge, a Web3 gaming project. It aims to generate substantial interest among cryptocurrency enthusiasts and those intrigued by Web3 technologies. The live Sponge price currently stands at $0.0003247 USD, accompanied by a 24-hour trading volume of $459,640.1.

Additionally, SPONGE has experienced a modest 0.42% increase in the last 24 hours and currently holds the #2558 position on CoinMarketCap. However, specific details such as the live market cap and circulating supply remain undisclosed. The maximum supply is capped at 40,400,000,000 $SPONGE coins. It’s essential to recognize that these figures are subject to change as market conditions fluctuate.

4. Flare (FLR)

Flare Labs has entered the private beta phase for testing FAssets on the Coston test network. This marks a significant step in integrating non-smart contract tokens such as BTC, XRP, and DOGE with smart contracts on the Flare network. The FAssets system facilitates the trustless utilization of these tokens within decentralized applications on Flare.

This will be done by minting them into FAssets, enabling users to earn yield or rewards. Comprehensive assessments will cover essential components and user scenarios during the preliminary testing phase. The testnet beta will initially involve Flare Labs and select partners.

Subsequently, external participants will be gradually introduced as the beta progresses. Upon the live deployment of FAssets on Flare mainnet, users and dapps can earn DeFi yields. They will also receive FLR tokens from the cross-chain incentive as a reward for contributing value to the Flare ecosystem.

#FAssets Beta is now live on Flare’s Coston testnet – a milestone for $800B of crypto assets.

The system will allow tokens like BTC, XRP & DOGE to be used trustlessly with smart contracts on #Flare – earning yield in DeFi dapps and bridging to other chains.… pic.twitter.com/IkYg9THsEs

— Flare ☀️ (@FlareNetworks) November 30, 2023

Flare’s recent market performance shows that it experienced 17 positive trading days in the last 30 days, constituting a 57% ratio. The sentiment surrounding Flare’s price prediction is bullish, coinciding with a Fear & Greed Index reading of 74 (Greed). The current Flare (FLR) supply is reported at 14.75 billion tokens.

5. Optimism (OP)

Over the past year, Optimism has demonstrated distinctive trends in its price movements, offering insights into its standing within the cryptocurrency market. As of February 24, 2023, the coin hit its pinnacle, reaching an all-time high of $3.26. However, the lowest recorded price was noted on June 18, 2022, at $0.401121.

Following the lowest point, Optimism rebounded to $0.896377, indicating a recovery from the trough. The subsequent high in the cycle reached $1.927560, suggesting fluctuating but potentially stabilizing market conditions. Presently, sentiment analysis aligns with a bullish outlook for Optimism, with a Fear & Greed Index of 74 (Greed).

As the @apecoin DAO considers building an “ApeChain,” we think there’s a strong opportunity to call the Superchain its home.

Read on to learn why or check out the full proposal by our very own @ben_chain in the ApeCoin forums.https://t.co/WbZ7TtRFbW pic.twitter.com/nkm7KbIX2P

— Optimism (@Optimism) November 21, 2023

In terms of supply, Optimism has 214.75 million OP tokens out of a maximum supply of 4.29 billion OP. Ranking at #8 in the Layer 2 sector by market capitalization, Optimism has shown a 73% increase in price over the past year, outperforming 67% of the top 100 cryptocurrencies. Additionally, it maintains a position above the 200-day simple moving average, indicating a sustained positive trajectory.

Moreover, Optimism underscores high liquidity based on its market capitalization, contributing to its efficiency in facilitating transactions. Aligned with Layer 2 goals, Optimism’s liquidity focus positions it as the best cryptocurrency to buy now.