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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.
This week, the cryptocurrency market has shown bullish behavior, mirroring Bitcoin’s rally above the $70,000 psychological threshold. The buying momentum received an additional boost from a positive shift towards Spot BTC ETFs. Furthermore, several altcoins present new opportunities for investors.
Best Crypto to Buy Now
TRON experienced a bullish trend last week, seeing significant buying activity pushing its coin value to $0.1204. Mantle exhibits considerable liquidity, reflecting market confidence and stability. Meanwhile, RUNE is trading at $9.61, with a market capitalization of $3 billion.
1. TRON (TRX)
TRON has witnessed a bullish trend over the past week, with significant buying activity driving its coin value to $0.1204. With a 24-hour trading volume of $316 million, TRON currently ranks #15 on CoinMarketCap. It boasts a live market cap of $10,566,842,143.
Despite a neutral sentiment in TRON price prediction, the Fear & Greed Index reflects extreme greed at 83. Over the last year, TRON has seen an impressive 89% increase in price. It’s trading above its 200-day simple moving average and showcasing positive performance compared to its token sale price.
TRON presents an intriguing investment opportunity despite facing criticism and challenges. Its consistent presence in the top 50 cryptocurrencies underscores its resilience. The integration of the USDD stablecoin has enhanced TRON’s liquidity, attracting investors seeking stability in volatile markets.
We've crossed the 220 MILLION total account mark on the #TRONNetwork! 🚀
Thank you #TRONICS for choosing a blockchain focused on accessibility & innovation. 🌟
This is just the beginning! 😎 pic.twitter.com/m0RY4LEAvN
— TRON DAO (@trondao) March 26, 2024
Moreover, introducing an algorithmic stablecoin has fueled TRX’s price surge, highlighting its innovative potential. Recently, TRON announced that it had reached the 220 million total account mark on the TRON Network. Additionally, TRON is expanding its ecosystem through partnerships with leading tech companies.
These partnerships range from mobile apps to cloud services and AWS integration. Furthermore, TRON has strengthened its integration with TradingView. This integration enables users to access real-time market updates, indicators, price trends, drawing tools, and widgets. It also facilitates HackaTRON participants’ building enhanced market data interfaces and fosters innovation across the TRON ecosystem.
2. Mantle (MNT)
Mantle represents a Layer 2 technology stack designed to enhance the scalability of the Ethereum network. MNT is positioned within the Mantle Ecosystem and operates compatibly with the Ethereum Virtual Machine. It seeks to improve scalability through its adaptable architecture.
Over five consecutive days, MNT has experienced growth, rising by 65% to attain a value of $1.29. With a market capitalization exceeding $4 billion, Mantle has solidified its position within the top 40 cryptocurrency assets. Today, MNT witnessed a significant surge of 59%.
This decisive breakout suggests a favorable trajectory for buyers and potentially prolongs the recovery trend. Furthermore, Mantle Network recently unveiled the Mantle Rewards Station, offering MNT holders rewards and benefits from various decentralized applications (dApps) in the Mantle Ecosystem.
The wait is over 😱
Introducing Mantle Rewards Station — a world of rewards and perks from your fave Mantle Eco dApps await 🚀
Lock $MNT now to unlock 2.5B Shards with the Mantle Sharding With @ethena_labs event 👇
🔒 https://t.co/GrzKLwqKsUDetails: https://t.co/UrmlMMiW60 pic.twitter.com/UPm53GZScW
— Mantle (@0xMantle) March 25, 2024
Among its initial offerings is the Mantle Sharding With ETH event, a collaboration with Ethena Labs. MNT holders commenced locking their MNT on March 25, 2024, and rewards will be officially calculated starting today.
In addition, Mantle maintains considerable liquidity, indicating market confidence and stability. This combination of growth prospects and market resilience renders Mantle the best crypto to buy now.
3. Sponge V2 (SPONGE)
Sponge V2 emerges as the successor to the original SPONGE meme coin, which surged by 100× upon its launch in May 2023, attracting a massive community. Technically, Sponge V2 has maintained an uninterrupted upward trajectory. It lacks any substantial pullbacks.
Join our #SpongeV2 community of over 13,000 holders! 🧽💦
Stake your $SPONGE tokens today! 🚀#100x #Web3 #Crypto #Altcoins pic.twitter.com/zgJkfFSif2
— $SPONGE (@spongeoneth) March 26, 2024
Traders closely monitor its performance and are curious to see if it can sustain this momentum. With its imminent listing on exchanges, investors speculate whether Sponge V2 can achieve a tenfold increase from its initial trading price.
The anticipation surrounding Sponge V2 is palpable, supported by endorsements from influential figures in the crypto space, including YouTuber ClayBro. Its popularity is further validated by securing the top position on CoinSniper, surpassing numerous competing projects. Additionally, leading crypto news outlets like CoinDesk and BeInCrypto have provided coverage on Sponge V2, amplifying its visibility.
Internet search trends reflect a surge in interest for “Sponge V2” on Google over the past month. Despite the volatile nature of meme coins, Sponge V2 appears well-positioned to capitalize on the existing hype and potentially experience significant growth post-listing.
4. THORChain (RUNE)
The RUNE ecosystem has emerged as a prominent player in Web3 protocols. It is buoyed by robust network analytics and a steadily expanding user base. RUNE is currently trading at $9.61, boasting a market capitalization of $3 billion.
Market sentiment towards THORChain appears bullish, as indicated by a Fear/Greed score of 83, reflecting heightened token transactions. Despite experiencing a slight dip of 0.86% in price today, THORChain has displayed an upward trajectory over the past seven days, with an increase of 20.18%.
Moreover, THORChain outperformed 87% of the top 100 cryptocurrencies last year, including tokens like Bitcoin and Ethereum. During this period, its price surged by an impressive 631%. THORChain is currently trading above its 200-day simple moving average. This indicates positive momentum in its trading performance.
Additionally, it has shown a favorable performance compared to its initial token sale price. Furthermore, its liquidity remains high, underscored by its substantial market capitalization. Analysts anticipate further upward movements for THORChain. They predict potentially surpassing the $11 mark and even retesting its all-time high of $19.
5. Fetch.ai (FET)
In a recent development, Fetch.ai, SingularityNET, and Ocean Protocol reportedly discussed merging their respective cryptocurrency tokens into a single entity. This potential merger could inject fresh momentum into the digital assets market amid ongoing bullish trends. Under the proposed merger, the three projects would maintain their separate operations while collaborating under the “Superintelligence Collective.”
This initiative is spearheaded by Ben Goertzel, the founder of SingularityNET. This news has provided a green light for Fetch.ai amidst a broader downturn in the cryptocurrency market. Fetch.ai has experienced a notable uptick, with its price rising by 4.28% in the past 24 hours.
Its trading volume has also surged by 67.33%, reaching $957 million. Fetch.ai is currently trading above its 200-day simple moving average and is performing positively compared to its initial token sale price.
Fetch.ai holds the 16th position in the Ethereum (ERC20) Tokens sector and the 33rd in the Layer 1 sector. It also ranks 5th in the AI Crypto sector. This consolidation of efforts among Fetch.ai, SingularityNET, and Ocean Protocol could potentially lead to synergistic benefits. However, the merger’s success will depend on various factors, including regulatory approval and market acceptance.
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