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We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days.
Investors are actively seeking promising tokens for potential investment opportunities. The quest for substantial returns fuels the search for the next investment. Though predicting the success of a specific cryptocurrency is challenging, various indicators offer insights for investors. This article analyzes the most promising cryptocurrency to buy now, leveraging a comprehensive understanding of market trends and growth potentials.
Best Crypto to Buy Now
Altcoins are strategically expanding their influence, enhancing investor returns through partnerships, and adapting market strategies. eTukTuk has innovatively introduced a play-to-earn game inspired by their signature eTukTuk vehicle. Simultaneously, Osmosis gains investor confidence after attaining a significant milestone with 1.1 million active addresses. Additionally, Celestia is capturing the interest of investors and analysts thanks to its unique attributes and promising growth trajectory.
1. TRON (TRX)
Last week, TRON (TRX) has seen an increase of over 0.87%, settling at its current price. Currently valued at $0.302, TRON’s all-time high was achieved at this price point. However, the coin had its lowest recorded value on September 15, 2017, when it hit an all-time low of $0.001091.
Since its all-time high, TRON’s lowest price was $0.007350, representing a cycle low, while the highest post-cycle low reached $0.179725, indicating a cycle high. With a circulating supply of 92.35 billion TRX out of a maximum supply of 99.28 billion, TRON remains within its predefined limits.
Moreover, TRON has outperformed 73% of the top 100 crypto assets last year. In addition, the token trades above the 200-day simple moving average, signifying a positive trend. Furthermore, TRON is currently exhibiting a bullish outlook, complemented by a Fear & Greed Index score of 60, indicating a state of greed.
During our last #TRONBUILDERTOUR, we worked with @pton_blockchain. 🎓
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— TRON DAO (@trondao) February 2, 2024
TRON ranks 5th in the Proof-of-Stake Coins sector and is in the top position in the Tron Network sector. Also, the token secures the 9th spot in the Layer 1 sector. These rankings underscore TRON’s significance and influence within its respective domains.
2. Celestia (TIA)
Celestia has gathered the attention of investors and analysts due to its distinctive features and growth trajectory. The token is valued at $18.21; Celestia’s appeal as a beginner-friendly cryptocurrency lies in its innovative modular data availability design. Furthermore, the token has demonstrated resilience with an intraday increase of 6.91%, reflecting its stability in the market.
Moreover, the Celestia token reached a new all-time high of $20 in January 2024 despite the prevailing bearish market conditions. However, it has experienced a 16% drop from this peak, exhibiting fluctuations from $14.96 to $18.46. TIA has seen 15 green days out of the last 30, constituting 50% of the period.
Build whatever with Starknet L3s 🐺 https://t.co/RsspuOPuZQ
— Celestia (@CelestiaOrg) January 29, 2024
Furthermore, Celestia boasts high liquidity based on its market capitalization and is actively traded on Binance. As of now, the token’s circulating supply is 161.65 million TIA tokens. In summary, Celestia’s recent market performance has drawn attention, marked by a noteworthy all-time high and subsequent adjustments. The project’s focus on a modular data availability design and its trading trends positions it as the best crypto to buy now.
3. eTukTuk (TUK)
In a bid to revolutionize transportation in developing nations and globally, eTukTuk is making strides with its blockchain-backed charging infrastructure. Currently in its community sale phase, the TUK token is valued at $0.02625, with the potential for significant growth by year-end upon exchange listing.
Also. the project introduced a play-to-earn game modeled on their flagship eTukTuk vehicle. This model aims to engage users in a Crazy Taxi-style experience on the streets of Sri Lanka. Faster driving translates to higher earnings for players.
In the latest funding update, eTukTuk has successfully raised $752,005.79 out of $844,058 during its ongoing presale, with a 10-day window before the next price increase. The project highlights key milestones, including a working prototype, their Power Staking Paper release, and international expansion with Sri Lanka and Singapore offices.
Furthermore, eTukTuk established a strategic partnership with the Capital Maharaja Group in Sri Lanka and is gearing up to launch in the country. This is supported by plans to introduce merchandise for brand awareness. The recent achievements are expected to attract more users, potentially driving demand for the $TUK token in the coming months.
Explore the full potential of our project and discover how to join our token sale in this insightful article by @cryptonews https://t.co/rJ48D2J48p
— eTukTuk (@eTukTukio) January 29, 2024
Additionally, eTukTuk outlines plans to list the $TUK token on prominent centralized exchanges (CEX) with backing from the Sri Lankan government. The primary focus of eTukTuk lies in reducing carbon emissions and bridging economic disparities, particularly in developing countries. The project aims to carve a niche in the competitive market with a modern transportation solution and blockchain integration.
4. Osmosis (OSMO)
In a recent surge in trading volume, Osmosis has received substantial attention within the Cosmos ecosystem. Furthermore, the token achieved a milestone of 1.1 million active addresses since its inception. The fourth quarter has proven particularly lucrative for Osmosis, witnessing exceptional revenue generation.
In addition, Osmosis joined forces with Shido to pioneer the first decentralized exchange (DEX) market pair for the Shido Network. Following the mainnet launch, SHIDO is set to trade via the SHIDO/USDC market pair on Osmosis DEX. Shido plans to boost this collaboration further by injecting an additional $1 million into the new liquidity pool to incentivize liquidity provision.
Moreover, the increasing participation in Osmosis trading activities suggests a growing buzz around the platform. OSMO’s price experienced a 0.32% increase in 24 hours, with a trading volume of $20.56 million. Equally, OSMO predominantly remained in the green zone last year, showcasing a 52% surge, outperforming 68 of the top 100 tokens.
Are you new to Osmosis and in need of assistance?
Don't hesitate to reach out to our incredible support team. 👇 pic.twitter.com/JAl4njsEMt
— Osmosis 🧪 (@osmosiszone) January 22, 2024
With 16 green days in the previous 30 days, Osmo demonstrates high liquidity based on its market cap. Furthermore, the coin consistently maintains a trading level above its 200-day Simple Moving Average (SMA), solidifying its position as a cryptocurrency to watch. Osmosis currently boasts a circulating supply of 282.46 million OSMO out of a maximum supply of 1.00 billion.
5. Storj (STORJ)
Storj is currently worth $0.6454 with a market capitalization of $258.78 million. The token has demonstrated resilience and growth potential in its journey. Trading on Binance, the project’s 24-hour trading volume stands at $65.87 million, contributing to a market dominance of 0.02%.
Since hitting its all-time low of $0.048397 on March 13, 2020, Storj has shown steady progress, reaching its current value. After STORJ’s all-time high, the lowest price was $0.195598, marking a cycle low, while the cycle high stood at $1.231620.
Furthermore, the token’s price increased by 64% last year, and it’s actively traded on Binance. Also, 402.13 million STORJ, out of a maximum supply of 425.00 million, is currently in circulation. The project maintains a good balance and high liquidity based on its market cap.
Storj is doing well in trading, staying above the 200-day simple moving average. It’s ranked 58th in the Ethereum (ERC20) Tokens sector and 62nd in the Layer 1 sector. Among the top 100 crypto assets, it has outperformed 68% in the past year.
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— Storj (@storj) January 29, 2024
Looking at sentiments, the Fear & Greed Index is at 60, indicating a bit of greed, while the Storj price prediction sentiment remains neutral. Investors must conduct thorough research and assess inherent risks before making investment decisions.
Meanwhile, U.S. authorities have pressed charges against three individuals for their alleged involvement in a cyberattack targeting the FTX cryptocurrency exchange. This security breach unfolded in November 2022, resulting in a substantial loss exceeding US$400 million from the exchange.
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