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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.
The altcoin market has experienced remarkable expansion, characterized by significant upswings. This article highlights several assets that have recently attracted investor interest, each showcasing distinct attributes and promising growth prospects.
Best Crypto to Buy Now
Among these assets, Filecoin is currently priced at $11.53, with a significant 24-hour trading volume of $2.71 billion, stands out in the market. Meanwhile, Polkadot has experienced an increase of 3.38% in 24 hours, trading at $10.65. The cryptocurrency has solidified its position above key price thresholds, sparking enthusiasm among investors eager for potential growth. Additionally, Render (RNDR) has reached its all-time high during the ongoing cryptocurrency bull market, reaching a peak of $11.58.
1. Filecoin (FIL)
Filecoin is currently trading at $11.53, with a substantial 24-hour trading volume of $2.71 billion. This puts its market cap at $6.02 billion, with a market dominance of 0.23%. Furthermore, Filecoin has seen an impressive 14.58% price surge in 24 hours.
The token has maintained a positive trajectory over the last week. It boasts a 40.0% gain from $8.13 to its current valuation. Moreover, Filecoin distinguishes itself as a decentralized storage system. The platform aims to safeguard important data in a decentralized manner.
Unlike traditional cloud storage services prone to centralization problems, Filecoin utilizes its decentralized architecture. It ensures the integrity and accessibility of stored data, minimizing the risk of censorship. A recent development involves Filecoin’s integration with BVMnetwork, which enhances Bitcoin Layer 2 solutions.
.@BVMnetwork has integrated #Filecoin as its storage layer, thanks to @LighthouseWeb3! This integration marks a significant enhancement for Bitcoin Layer 2 solutions powered by BVM and Filecoin, offering improved security and scalability.
BVM can now use Filecoin’s decentralized… pic.twitter.com/xj1fSfb4Dm
— Filecoin (@Filecoin) March 8, 2024
This integration leverages Filecoin’s decentralized storage to archive transaction records, facilitating Bitcoin developer indexing through LighthouseWeb3 Node Aggregators. This improves security and scalability. Moreover, the market sentiment towards Filecoin appears bullish. The Fear & Greed Index currently indicates extreme greed at 84. Additionally, Filecoin’s price performance is above its 200-day simple moving average.
Filecoin’s innovative approach to decentralized storage and integration with BVMnetwork for Bitcoin Layer 2 solutions showcase its potential for disrupting traditional data storage paradigms. However, investors should remain vigilant amidst the volatile nature of cryptocurrency markets.
2. Polkadot (DOT)
Polkadot (DOT) has attracted significant attention in the cryptocurrency community. This is sparked by optimistic projections from analysts like @CCBestCC, who suggest the token could reach $100 during the current market cycle. This enthusiasm stems from the impending launch of Polkadot 2.0, an upgrade set to enhance the network substantially.
This upgrade introduces parachains, independent blockchains operating alongside the main Polkadot Relay Chain. These parachains are tailored for specific purposes and benefit from the security and interoperability features of the overall Polkadot ecosystem.
Recently, Polkadot crossed the $10 resistance level against the US Dollar, prompting speculation about further gains, possibly reaching $12. The cryptocurrency has established a solid base above key price thresholds, which has generated excitement among investors eyeing potential growth.
Just as Polkadot's technology evolves with decentralized governance, so will other key aspects, such as business development, marketing, and event management 🌐
Last year, @Web3foundation introduced the Decentralized Futures Program to kickstart projects and teams committed to… pic.twitter.com/QIKc3yCh7F
— Polkadot (@Polkadot) March 6, 2024
Furthermore, the token has experienced a 3.38% increase in the past 24 hours; DOT trades at $10.65. The prevailing sentiment in price predictions leans bullish, complemented by a Fear & Greed Index rating of 84, which indicates extreme greed among investors.
3. Ondo (ONDO)
Ondo Finance recently introduced Ondo Global Markets, an innovative initiative aiming to blend the liquidity of traditional financial markets with the versatility of digital assets. This new venture offers tokens representing ownership in securities. These tokens are backed by conventional custody services, enabling on-chain trading.
These tokens also handle transactions such as transfers off-chain through broker-dealers and custodians. In addition, Ondo has launched native access to tokenized real-world assets on Sui. Their yield-bearing stablecoin alternative, USDY, is now active on the network, providing builders, developers, and users with a US treasury-backed and interest-bearing token.
1/ 🚨 @OndoFinance is solving the RWA liquidity problem 🚨
Introducing Ondo Global Markets, a platform to bring all publicly traded securities onchain with native access to traditional securities exchange liquidity (e.g. Nasdaq/NYSE/LSE).https://t.co/5NGN64cYPA
— Ondo Finance (@OndoFinance) February 29, 2024
This move to Sui enhances the capabilities of builders and developers within the Sui ecosystem to develop decentralized applications with more features. Furthermore, Ondo Finance, currently the third-largest platform bringing tokenized real-world assets onto public blockchains, boasts a TVL of $185 million. The token associated with Ondo Finance is presently trading at $0.6199, with a market capitalization of $861,165,007. This indicates high liquidity based on its market cap.
4. Render (RNDR)
Render (RNDR) has recently surged to achieve its all-time high in the ongoing cryptocurrency bull market. On March 9, 2024, RNDR peaked at $11.58, signifying a milestone in its trading history. Currently priced at $11.24, RNDR has experienced an intraday increase of 14.42%.
The sentiment surrounding RNDR’s price prediction remains bullish, coinciding with an Extreme Greed reading of 84 on the Fear & Greed Index. Traders are holding back as they anticipate further upward momentum in RNDR’s value.
Last year, RNDR demonstrated exceptional performance, boasting a staggering 1,127% increase in price. This growth trajectory has positioned RNDR among the top performers, surpassing 94% of the top 100 crypto assets. With its substantial market cap, RNDR boasts high liquidity, rendering it an attractive asset for investors.
[1/4] This week’s BTN previews #GTC24, the largest AI and GPU technology event of the year.
Read more to learn about breakthroughs in AI and GPU technology that are coming to GTC as well as the details of @julesurbach’s talk featuring @rendernetwork!https://t.co/J8lSTKT1Pd
— The Render Network (@rendernetwork) March 8, 2024
Moreover, the token ranks #10 in the Ethereum (ERC20) Tokens sector and #2 in the AI Crypto sector. RNDR’s prominence underscores its relevance in the crypto landscape. The token’s recent surge reflects its strong market positioning, driven by bullish sentiment and impressive performance metrics. As traders await further developments, RNDR continues to garner attention as a promising asset within the cryptocurrency market.
5. eTukTuk (TUK)
eTukTuk is a project that aims to transform travel infrastructure, especially in developing nations. One unique aspect of eTukTuk is its incorporation of a play-to-earn game that simulates the experience of their primary vehicle on the streets of Sri Lanka. In this game, players can earn rewards by driving faster, akin to the gameplay style of the popular game, Crazy Taxi.
GM!
If you are still skeptical about participating in our pre-sale
Give this a read:https://t.co/QkBxPmk6H4
— eTukTuk (@eTukTukio) March 7, 2024
The project anticipates potential growth once the token is listed on exchanges later this year. Furthermore, eTukTuk has raised $1,858,330.31 out of its current presale target of $2,101,779. However, there is a nine-day window before the next price increase. The project has achieved significant milestones, including developing a working prototype and releasing its Power Staking Paper.
Moreover, it plans to expand internationally, with offices in Sri Lanka and Singapore. In addition, the TUK token will be listed on major centralized exchanges, with support from the Sri Lankan government. The project emphasizes its commitment to reducing carbon emissions and addressing economic disparities, particularly in developing countries.
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