Best Crypto to Buy Now December 13 - Quant, Arweave, Internet Computer

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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, considering their recent price performance.

In the cryptocurrency market, the total market cap is $1.60 trillion, reflecting an intraday increase of 1.64%. However, the 24-hour trading volume is $236.75 billion, indicating a marginal decrease of -0.01% over the same period.

Best Crypto to Buy Now

Cryptocurrencies had quite a rollercoaster ride this year, and Bitcoin, despite a recent dip, is holding firm above $41,000. Last week, Bitcoin briefly touched $44,000 on good vibes from the consumer price index (CPI) data. Other cryptocurrencies like Ethereum, Cardano, Dogecoin, and BNB bounced back, contributing to Bitcoin’s impressive 147% growth this year.

Companies like Block Inc. (SQ), NVIDIA Corporation (NVDA), and Coinbase Global, Inc. (COIN) are making waves in the crypto world. They’re set to play important roles as the crypto landscape evolves.

1. Quant (QNT)

Quant recently launched Zapier integration, a handy feature that easily links Internet apps and off-chain data with blockchain. Zapier is known for its ‘zaps,’ a tool for automating workflows and connecting different business apps. The goal of this integration is straightforward – to blend traditional Internet services and data with blockchain effortlessly.

It pulls info from smart contracts on any blockchain and smoothly connects the resulting data with other business systems. This news aligns with a positive momentum for Quant, as it is trading above the 200-day moving average. Additionally, QNT has had 16 positive days in the last month (53% of the time). Plus, it has good liquidity based on its market cap.

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We are #TheFoundationOfTheBlockchainEconomy. pic.twitter.com/A0CYEDi4cn

— Quant (@quant_network) June 28, 2023

Checking its price history, Quant hit its highest on September 11, 2021, at $424.43, and its lowest on August 9, 2018, at $0.181764. The sentiment around Quant’s price prediction is neutral, and the Fear & Greed Index is at 65 (Greed).

QNT’s circulating supply is 12.07 million QNT out of 14.88 million. Based on market cap, it ranks 16th in the Ethereum (ERC20) Tokens sector and 27th in the Layer 1 sector. This shows its importance in the broader cryptocurrency world.

2. Arweave (AR)

Will Arweave retain its place among the best crypto to buy now? Arweave has been doing well lately. In the last 30 days, it had 16 days in the green, showing a 53% increase. This indicates positive performance. Currently, there are 65.45 million AR coins in circulation out of a total of 66 million AR.

Over the past year, 32.06 million AR coins were created due to a yearly supply inflation rate of 96%. Looking at its price history, Arweave hit its highest point on November 5, 2021, reaching $90.68. The lowest point was on April 30, 2020, at $0.430141. After reaching its peak, the lowest price since then was $3.74, and the highest was $9.29. The project also has good liquidity, backed by its market cap.

Arweave holds the 45th position in the Layer 1 sector based on market capitalization. As for sentiment, the prediction is neutral, and the Fear & Greed Index sits at 65, signaling a state of greed in the market.

3. Internet Computer (ICP)

The recent partnership announcement between Internet Computer (ICP) and Ethereum is big news in the blockchain world. This collaboration could change things in the crypto world. The integration will happen in two phases.

First, a smart contract called a canister will act as a bridge connecting Ethereum and ICP. This will make it easier for smart contracts on Internet Computer to talk to Ethereum without needing an intermediary. It opens up new possibilities for creators and users by linking ICP smart contracts with the Ethereum ecosystem.

The second phase introduces new tokens, like ckETH and ckERC-20, on Internet Computer. These tokens aim to make transactions super fast and cheap, especially for ICP’s decentralized exchanges (DEXes) users. This integration is expected to bring speed and cost-effectiveness to transactions within the ICP ecosystem.

This collaboration has already boosted the value of Internet Computer’s native crypto. It’s trading well, above the 200-day average, performing positively compared to its initial token sale price. Moreover, it is close to its highest point in the trading cycle. The project’s liquidity, seen in its market cap, adds to its positive position.

Six days into the #ckETH launch, 414 ckETH were minted with 11 ckETH burned, witnessing over 2000 transactions and sending a total of over 1200 ckETH 🔥

The activity involved 382 unique from addresses and 573 unique to addresses 📈

View the Dashboard 👉 https://t.co/hDVNCD5y36 pic.twitter.com/5SnzpOjTcg

— DFINITY (@dfinity) December 12, 2023

Looking ahead, the sentiment for Internet Computer’s price looks positive. The Fear & Greed Index, sitting at 65 (Greed), reflects optimism in the market. This collaboration brings exciting changes, and its impact on the crypto scene will be closely watched as the integration unfolds.

4. Launchpad XYZ (LPX)

Launchpad XYZ has introduced various investment options in the Web 3.0 sector, covering utility tokens, ICOs, and NFTs. It is designed to be user-friendly, catering to both beginners and experienced investors. Furthermore, Its goal is to simplify the Web 3.0 experience and provide valuable information to help investors make decisions.

Users get discounts on products and services from Launchpad XYZ partners. Those holding at least 10,000 LPX tokens gain early access to beta-mode play-to-earn games. This allows them to follow game development and make informed decisions about in-game crypto tokens.

However, the native token of the Launchpad XYZ ecosystem is LPX, offering stakeholders access to premium features. This includes lower trading commissions on the Launchpad XYZ decentralized exchange. Additionally, LPX token holders get guaranteed access to new NFT mints at competitive prices and early access to exclusive presales.

It's never been easier to get involved!#LaunchpadXYZ's one-click trading for fast, efficient transactions. ⚡ #EfficientTrading #OneClick #Alts pic.twitter.com/jvKsL5HnZh

— Launchpad.xyz (@launchpadlpx) December 12, 2023

The LPX token has shown success, with a substantial $2,170,544.72 raised in its presale, indicating market acceptance. LPX is valued at $0.0445 per token, with a listing price of $0.0565 and an ongoing 4% bonus.

Launchpad XYZ is developing a decentralized exchange (DEX) to simplify essential exchanges and specific perpetual contracts. The goal is to enable traders to engage in leverage and short sales. LPX token holders are expected to benefit from reduced trading fees on the Launchpad XYZ exchange.

5. Hedera (HBAR)

Hedera recently announced an expanded partnership with Archax, a digital asset exchange. Now, they’re not just working together; they’re also supporting HBAR staking and looking into more tokenization projects. This news has caught the attention of the wider crypto community.

Currently, HBAR is priced at $0.077414, and in the last 24 hours, its trading volume reached $211.26 million. Its market cap is $1.15 billion, with a market dominance of 0.07%. Over the last day, the price of Hedera went up by 8.20%.

In partnership with @HBAR_Foundation, @ArchaxEx have announced expanded support for $HBAR #staking & further pursuit of real-world asset #tokenization following the tokenization of interests in @abrdn_plc's £multi-bn money market fund using #Hedera. #RWA https://t.co/HdS1xGc2uz pic.twitter.com/1scofGNY4U

— Hedera (@hedera) December 12, 2023

Notably, HBAR has been consistently trading above its 200-day simple moving average, showing positive trends in 60% of the last 30 days. This and its market cap indicate that HBAR has good liquidity.

The Fear & Greed Index stands at 65, indicating a sense of greed among investors. HBAR holds 12th place in the Proof-of-Stake Coins category. It also holds 29th place in the Layer 1 sector, making it the best crypto to buy now.