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Each day, we review some picks for the best cryptos to buy now based on the latest market movements, blockchain news, and trending narratives.
In addition to the overall upward trend in the market, specific tokens exhibit bullish fundamentals, contributing to their notable price surges. This article will explore the top choices for the best cryptocurrency to buy now, including Altlayer, VeChain, and Pyth Network, for potential returns.
Best Crypto to Buy Now
VeChain emerged as a top coin in the cryptocurrency market, exhibiting a daily gain of 4.42%. Similarly, VeChain displaying substantial growth compared to other tokens. Also, Fantom and Altlayer had a notably positive week. Fantom witnessed an impressive 58% surge in total value locked (TVL), reaching $81 million, while Altlayer recorded a notable increase of 53%.
Meanwhile, Magic Eden recently unveiled its innovative multi-chain wallet. This wallet stands out by supporting major cryptocurrencies, namely Solana, Bitcoin, Polygon, and Ethereum.
1. VeChain (VET)
VeChain is a well-established enterprise-grade public blockchain. Recently, the platform introduced the upgraded VeChain Grants 2.0 program, signaling a shift in their support for blockchain development. This initiative now offers substantial maximum funding of $100,000, showcasing VeChain’s commitment to nurturing Web3 builders.
Furthermore, the VeChain Grants 2.0 emphasizes on sustainable blockchain development. This is reflected in the introduction of diverse funding tracks, allowing developers to explore different avenues for project support. Also, the program introduces opportunities for ‘X-2-Earn’ sustainability applications, aligning with VeChain’s vision for a greener future.
The increased funding cap gives developers a more robust financial foundation, supporting their efforts to contribute meaningfully to the blockchain ecosystem. Furthermore, the program introduces marketing grants and microgrants, catering to projects and marketing needs within the VeChain ecosystem.
Moreover, VET demonstrated a positive sentiment with an intraday gain of 4.42%, trading at $0.02941. The intraday trading volume is $39,023,588, and VeChain’s market capitalization is $2.14 billion. The token increased by 23% last year, outperforming 54% of the top 100 crypto assets.
We're excited to announce the launch of our revamped #VeChain Grants 2.0 program!
Now worth up to a maximum of $100K, the updated program elevates our commitment to sustainable blockchain development, and introduces new funding tracks to meet diverse needs.
On top of that,… pic.twitter.com/2X7xpLTKz4
— vechain (@vechainofficial) January 24, 2024
Lastly, VeChain’s Grants 2.0 initiative underscores its dedication to adapting to developer needs and fostering sustainable development. This positions VeChain as a key player in supporting the growth and innovation of blockchain technology.
2. Pyth Network (PYTH)
Pyth Network (PYTH) emerged in November 2023 in the cryptocurrency market and has made waves since then. The token swiftly secures a substantial $612 million market cap. This price aggregator oracle has attention, mainly due to the anticipation surrounding upcoming token distributions that could influence investor sentiments.
The PYTH token is currently valued at $0.406992, with a 24-hour trading volume of $123.49 million. In addition, PYTH has experienced positive price movements for 16 out of the last 30 days, reflecting a 53% green day rate. Its market cap suggests a considerable level of liquidity.
Pyth Network’s peak performance occurred on November 24, 2023, reaching an all-time high of $0.555093. However, the lowest recorded price is unavailable, but since its all-time high, the token has experienced a cycle low of $0.222316 and a subsequent cycle high of $0.439294.
Currently positioned at the 21st spot in the Solana Network sector, Pyth Network has established itself within the market. However, the sentiment around its price prediction leans bearish, while the Fear & Greed Index indicates a level of greed at 61. In essence, Pyth Network operates as a price aggregator oracle, facilitating data-driven insights for the crypto market.
We heard the feedback from our developer community and decided to make some changes to the #Pyth docs.
We appreciate everyone's input! pic.twitter.com/NAkS9OPra1
— Pyth Network 🔮 (@PythNetwork) January 26, 2024
While its recent performance has drawn attention, potential investors should exercise caution, considering the historical price volatility and the current bearish sentiment. The project’s rank in the Solana Network sector and the upcoming token drops add elements of interest for those monitoring the crypto space
3. Meme Kombat (MK)
The Meme Kombat presale is gaining attention for its unique features, making it the best crypto to buy now. Significant investors’ investment has brought added attention to the project. The platform focuses on catering to gaming enthusiasts, offering a unique combination of staking and betting features designed to amplify the utility of MK tokens.
Moreover, Meme Kombat has successfully raised $7,717,893.90, approaching its $8,000,000.00 target. Also, the current presale offers MK tokens for $0.279 each, with a maximum cap of $10 million. Additionally, 10% of the tokens are reserved for liquidity upon listing on decentralized exchanges.
Furthermore, Meme Kombat’s strategic integration of staking and betting functionalities positions it as an intriguing option for investors and users. The project’s whitepaper underscores its dedication to utility, focusing on opportunities for users to earn rewards through the platform.
Yes, we know we keep reminding you…
But wouldn't you want to be reminded about an opportunity to win your share of 900 USDT?
Exactly. So head on over and create your best meme🥊 https://t.co/5RHLUPs3tG
— Meme Kombat (@Meme_Kombat) January 29, 2024
The current emphasis on utility and the ongoing presale suggest that MK could emerge as the best cryptocurrency to invest in. However, investors should carefully assess the project’s claims and consider potential risks before making decisions.
4. Fantom (FTM)
Fantom (FTM) has shown resilience by maintaining stability around $0.30, hinting at a potential upward trend. Investors are eyeing a milestone of $0.60, with optimistic projections anticipating a surge in the next bullish cycle.
1/ "One of Fantom’s biggest initiatives in Q4’23 was the Sonic upgrade."@MessariCrypto's Q4 '23 report on #Fantom covered the innovation of Sonic, such as:
💻 Fantom Virtual Machine
💾 Carmen database storage
🧪 Sonic testnet environmentLet's explore what the report said 👇 pic.twitter.com/488VoiyYHl
— Fantom Foundation (@FantomFDN) January 26, 2024
The recent upgrades in Fantom feature a 90% reduction in staking requirements. These modifications aim to attract more stakers, enhance network security, and facilitate broader validator participation. Such developments bolster Fantom’s standing and attractiveness in the cryptocurrency realm. With a market cap of $1.09 billion and a market dominance of 0.07%, Fantom demonstrates high liquidity.
Furthermore, there are 2.80 billion FTM currently in circulation out of a maximum supply of 3.18 billion. In decentralized finance (DeFi), Fantom has experienced a remarkable 58% surge in total value locked (TVL), reaching $81 million. However, this increase is attributed to the rise in FTM prices and the growing popularity of newer decentralized applications (dApps) such as Equalizer Exchange and WigoSwap.
5. Altlayer (ALT)
Altlayer’s native cryptocurrency, ALT, has shown a robust performance since its recent launch. Over the past 24 hours, ALT has seen a 1.90% increase. The token currently trades at $0.4286, with a market cap exceeding $4 million.
Last week, the price of ALT has surged by 53%. Binance Launchpool was pivotal in introducing the ALT token through a farming initiative from January 19 to January 25. The token entered the market on Thursday, witnessing a positive trajectory to its current value.
Altlayer has initiated an ALT airdrop, allocating tokens worth over $100 million to qualifying community members. Moreover, Altlayer’s compatibility with existing scaling networks such as Arbitrum, Optimism, and Polygon sets it apart. The initial drop includes 300M ALT tokens, valued just below $100M, offering a unique “rollups-as-a-service” feature for tailored scaling integrations.
BREAKING NEWS: ALT – the official token that will power the AltLayer ecosystem – will soon be launched on @binance Launchpool.https://t.co/KRQ0LRM2qy
— AltLayer (@alt_layer) January 17, 2024
Adding to its growth, Altlayer has secured its listing on the Bitget platform. This highlights the platform’s commitment to providing users access to cutting-edge projects. ALT’s listing on Binance resulted in a 9% increase, signaling early gains for investors. The token appears poised to make early investors substantial returns in the coming months potentially.
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