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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.
This article highlights cryptocurrencies that have gained prominence despite recent price fluctuations. These tokens have demonstrated resilience in the face of market volatility, showcasing distinctive qualities that set them apart.
Best Crypto to Buy Now
Siacoin (SC) displays strength in response to market shifts, demonstrating a substantial 184% growth last year. Equally, ORDI experiences a 6.33% intraday surge, reaching $63.97. Bitget prioritizes security by upgrading its Multi-Party Computation (MPC) technology. Furthermore, Beam (BEAM) maintains positive momentum with a 3.07% weekly increase and achieves an all-time high at $0.027259.
1. Siacoin (SC)
Siacoin (SC) has emerged as a preeminent token, showcasing a daily surge of 0.78%, propelling its price to $0.008561. This upward movement is accompanied by an 84.64% surge in the 24-hour trading volume, reaching $26 million.
Moreover, Siacoin has demonstrated impressive growth, boasting a remarkable 184% increase in its price last year. Outperforming 84% of the top 100 crypto assets during this period, Siacoin has solidified its position in the market. Furthermore, SC is currently trading above the 200-day simple moving average.
The token has experienced 19 green days in the last 30 days, reflecting a positive trend in its market performance. This accounts for 63% of the observed timeframe. Similarly, the Siacoin price prediction sentiment is presently neutral. Meanwhile, the Fear & Greed Index stands at 63, indicating greed among market participants.
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In addition, there is a circulating supply of 56.26 billion SC out of a maximum supply of 52.54 billion. Last year, SC’s annual supply inflation rate was 7.00%, creating 3.68 billion SC. Siacoin holds the 8th position in the Proof-of-Work Coins sector and is ranked 46th in the Layer 1 sector.
In summary, Siacoin’s recent performance highlights its resilience and potential in the market. As it continues to navigate market dynamics, its ability to outperform and maintain positive sentiment positions it as the best cryptocurrency to buy now.
2. ORDI (ORDI)
ORDI is currently valued at $63.97, reflecting a 6.33% intraday surge. Market analysts are optimistic about its future, attributing this to its increasing adoption. In addition, the prevailing sentiment in the ORDI price prediction is bullish, coupled with a Fear & Greed Index reading of 63 (Greed).
With a circulating supply of 21.00 million out of a maximum supply of 21.00 million, ORDI holds the top spot in the Bitcoin (BRC20) Tokens sector. Moreover, ORDI’s highest recorded price was $91.87 on January 2, 2024, and its lowest is $0.00. Since reaching its all-time high, the coin experienced a cycle low of $48.98, with the highest price reaching $64.82.
Furthermore, ORDI’s liquidity is supported by its market cap and listing on Binance. The token is trading above the 200-day simple moving average and is currently positioned near its cycle high, suggesting sustained positive momentum.
Investors and traders find ORDI attractive as it rides the current bullish wave, propelled by its solid market position. It reached an all-time high recently and continues to exhibit strength. As always, caution and thorough research are recommended before making investment decisions.
3. Bitget Token (BGB)
Bitget has recently listed AltLayer in its Innovation and L2 Zone, signaling its commitment to supporting the growth of various blockchains and ecosystems. This move aligns with Bitget’s strategy to offer users access to cutting-edge projects. The exchange has steadily increased its market share in spot and derivatives trading among centralized exchanges.
Furthermore, Bitget’s dedication to staying ahead in the cryptocurrency market is evident in its continuous efforts to expand the digital assets available in its spot market. In 2023 alone, the platform added over 350 new listings, showcasing its commitment to providing users with opportunities to invest in popular and valuable projects.
In addition, Bitget has upgraded its Multi-Party Computation (MPC) technology to enhance wallet security. All users’ wallet addresses have been upgraded to MPC addresses. This strategy incorporates advanced technologies like the Threshold Signature Scheme (TSS) and Trusted Execution Environment (TEE).
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The Bitget Token, BGB, has seen a 0.93% increase in the last 24 hours. The sentiment for Bitget Token’s price prediction is currently bullish, with a Fear & Greed Index showing 63 (Greed). Last year, the BGB price surged 177%, outperforming 83% of the top 100 crypto assets.
Bitget Token has demonstrated consistent performance with a circulating supply of 1.40 billion BGB out of a maximum supply of 2.00 billion. The token boasts high liquidity based on its market cap. BGB ranks 6th in the Exchange Tokens sector.
4. Sponge V2 (SPONGEV2)
SPONGEV2 emerges as an upgraded version of the SPONGE meme coin, belonging to the meme and ERC-20 token categories. The project aims to enhance its market presence through strategic shifts in tokenomics while maintaining the core aspects of its predecessor, SPONGE V1.
Staking update! 🚀🧽
We now have over 6,589,653,557 $SPONGE tokens staked with a value of $3,308,731.05. 🤯
Make sure to stake your tokens before the #SpongeV2 transition on February 5th!
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— $SPONGE (@spongeoneth) February 1, 2024
Investors looking to acquire SPONGEV2 tokens can do so by locking their existing SPONGE V1 tokens into the V2 smart contract. This move is designed to fortify the project’s position and create opportunities for investors. Moreover, the loyalty reward system involves a four-year lock-in period for V1 tokens, ensuring a smooth migration process.
In addition to the token migration strategy, SPONGEV2 introduces a Play-to-Earn (P2E) game in free and premium versions. This interactive gaming experience enables players to earn SPONGEV2 tokens, contributing to the overall utility and engagement of the project.
Furthermore, over $3.5 million of V1 tokens are being staked and transferred to SPONGEV2 in the token’s staking and bridging activity. This activity has resulted in a 50% increase in the value of SPONGE V1 over the past month. The impending launch of SPONGEV2 is surrounded by anticipation, with expectations of heightened demand and potential listings on multiple exchanges.
5. Beam (BEAM)
Beam has demonstrated positive momentum with a 3.07% increase in value over the past week. Moreover, the coin achieved its peak price of $0.027259 on December 14, 2023, marking its all-time high, while its lowest point was observed on October 29, 2023, at $0.004338.
Since the all-time high, Beam experienced a cycle low of $0.014365 and a subsequent cycle high of $0.023337. Currently, the circulating supply of Beam is 51.11 billion out of a maximum supply of 62.75 billion tokens.
However, the sentiment in the market is currently bearish for Beam. The Fear & Greed Index reflects a score of 63, indicating a state of greed among investors. Beam holds the 3157th position in the Ethereum (ERC20) Tokens sector and 506th in the Binance Smart Chain sector.
$Beam token migration update — January 2024 🌈
As you probably have seen, $MC migrated to $BEAM.
Throughout these updates, we would like to share everything that is happening around the migration.
More info ⬇️ pic.twitter.com/9kS3osU0KU
— Merit Circle (@MeritCircle_IO) January 26, 2024
The token also ranks 311th in the Gaming sector and 152nd in the Metaverse sector. Investors should consider various factors before making any financial decisions, considering the risks associated with the cryptocurrency market.
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