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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.
InsideBitcoins consistently provides insights into the top cryptocurrencies worth considering for investment. Their article considers recent price performance when compiling the list of best cryptocurrencies to buy now. It analyzes various factors influencing each token’s performance, thus offering investors valuable information to make informed decisions.
Best Crypto to Buy Now
As Bitcoin surpasses the $71,000 mark, attention turns to the altcoin sector poised for a resurgence. However, many underdeveloped and ambitious blockchain projects enter the market amidst this potential. Yet, standout blockchain ideas are emerging that offer favorable opportunities for their potential value in the cryptocurrency market.
1. The Graph (GRT)
The Graph is a decentralized platform that facilitates data retrieval and indexing across various blockchains. The project was launched as an ERC-20 token on Ethereum, which enables users to access blockchain data using GraphQL APIs. The network comprises four participant categories: indexers, curators, delegators, and consumers.
Indexers, delegators, and curators stake GRT tokens to contribute to the network and earn rewards in return. In addition, GRT’s current trading price is $0.422, exhibiting a 1.40% intraday increase. Furthermore, its price surged by 185% last year, surpassing 64% of the top 100 crypto assets.
Moreover, sentiment surrounding GRT price prediction is bullish, with the Fear & Greed Index indicating extreme greed at 80. Recently, GRT announced the completion of its Sunray phase, a significant milestone in the Sunrise of Decentralized Data initiative. This milestone signifies that developers across various chains can seamlessly upgrade their hosted service subgraphs to The Graph Network. Moreover, a free query plan, offering 100,000 queries per month, has been introduced to assist developers in getting started.
The Graph's Sunray phase is complete 🌅
Now devs can harness subgraphs to supercharge their dapp's data on The Graph's decentralized network more easily than ever with newly unlocked benefits including:
📊 A free query plan
⚡A seamless upgrade interface
💳 Easy credit card… pic.twitter.com/EEnjCQuQBh— The Graph (@graphprotocol) March 26, 2024
Developers can also now pay for queries using card payments in fiat. With Phase 1 concluded, The Graph is moving forward with the Sunbeam phase, which includes a 60-day upgrade window for developers to transition their subgraphs to The Graph Network. As The Graph progresses through its roadmap, it continues to enhance its capabilities and expand support for various chains, reinforcing its position in the decentralized data ecosystem.
2. Arweave (AR)
Arweave has attracted attention from investors seeking altcoins to diversify their portfolios due to its innovative approach to decentralized storage. The platform’s promise of indefinite data storage has resonated with investors looking for reliable decentralized solutions. As interest in the project grows, so does its potential for widespread adoption and value appreciation.
Moreover, AR has shown impressive market performance over the past year, surging by 427%. This outpaces 84% of the top 100 coins, including Bitcoin and Ethereum. This year, its rapid growth indicates increasing belief in the project’s long-term viability.
Furthermore, AR is trading above its 200-day Simple Moving Average (SMA), demonstrating positive performance trends compared to its token sale price. With 17 green days out of the last 30 days, it exhibits consistency in its upward trajectory. The sentiment around Arweave’s price prediction is bullish, with the Fear & Greed Index scoring 80.
Want to get started developing #Arweave apps?
Here are some tools with great DX you can use or share with anyone interested in developing in the Arweave ecosystem.
Oh yeah, you can code in javascript and other common languages 🙂
Check out these resources, it's go time! 🔨 ⓐ pic.twitter.com/vL29knQpAW
— Only Arweave (@onlyarweave) March 25, 2024
Its strong fundamentals and dedicated community support support this optimism. Arweave’s potential for significant growth could be further realized through potential collaborations with other networks. Such partnerships could drive the price of AR Coin to exceed $32.35 by 2024, a substantial increase from its current valuation.
3. Flare (FLR)
In a recent research paper, Flare Networks unveiled a novel approach at the intersection of artificial intelligence (AI) and blockchain technology. This integration aims to enhance safety and security. Their new AI model, Consensus Learning (CL), aims to foster collaborative AI endeavors across various applications.
Furthermore, this system aims to refine AI model development, emphasizing accuracy and robustness. The spotlight is on creating AI models suitable for integration into data-sensitive sectors, such as healthcare and finance.
Flare proposes a new approach to AI, where blockchain integration leads to safer and more accurate AI.
Learn how consensus learning can power greater collaboration in data-sensitive sectors.https://t.co/6jF3cEjh5k pic.twitter.com/w1yDFWO6N4
— Flare ☀️ (@FlareNetworks) March 22, 2024
Meanwhile, Flare Networks expresses confidence that the CL AI model will play a major role in combating malicious attacks on blockchain networks. The proposed benefits of the Flare AI platform include heightened performance, security, data privacy, efficiency, and complete decentralization.
The latest update shows Flare’s price is $0.034948, with a 24-hour trading volume of $16.04 million. The coin is trading above its 200-day simple moving average. Moreover, the current sentiment for Flare’s price prediction leans bullish, while the Fear & Greed Index registers at 80, indicating extreme greed in the market.
4. 5th Scape (5SCAPE)
5th Scape is a virtual reality (VR) crypto project currently in its presale stage. It has raised over $2.8 million. The project aims to offer immersive gaming experiences, advanced VR technology, and various rewards for token holders. One of its initial offerings is a mixed martial arts-themed game called Caged Conquest.
Leaving limits behind! 🚀 We have hit another milestone and has entered the 3rd round of our presale.
So join us on this incredible journey into the future of AR/VR gaming.
#5thScape #Presale #AR #VR pic.twitter.com/ZOkwg8s34E— 5th Scape (@5th_scape) March 26, 2024
The native token of the 5th Scape, 5SCAPE, serves as a means of transferring value within the ecosystem. It is utilized for staking, which provides token holders with exclusive benefits, such as access to features, community engagement opportunities, and lifetime access to the ecosystem.
Moreover, the present presale cost of 5SCAPE is $0.00248, with plans to raise the price as the presale advances. Also, the exchange launch price is anticipated to commence at $0.01, indicating a substantial increase from the presale price.
5. Ondo (ONDO)
The recent surge in ONDO’s value caught the attention of crypto market investors. With this surge, ONDO’s price aims to exceed the resistance level of $1. The token reached its highest price of $0.9934 on March 26 but experienced a subsequent 10% decline, dropping to $0.906.
Currently, it’s trading at $0.9253, with a 24-hour trading volume of over $1.2B. Investors are optimistic about ONDO’s upward trend, with many indicating that the $1 level could soon be breached. Such a breakthrough could potentially lead to a further increase in ONDO’s price.
However, investors are advised to exercise caution due to Ondo Finance’s stagnant Total Value Locked (TVL). Nevertheless, the recent surge in ONDO coincides with an announcement from Ondo regarding the distribution of a significant portion of its OUSG (Ondo Short-Term US Government Bonds) assets to the BlackRock USD Institutional Digital Liquidity Fund (BUILD).
Thrilled to announce that Cobo now supports $USDY @OndoFinance, and $ONDO @OndoFoundation! 🚀$USDY, or US Dollar Yield Token, is a tokenized note backed by short-term US Treasuries, designed to combine the accessibility of a stablecoin with high-quality, US dollar-denominated… pic.twitter.com/G2l6snyFEb
— Cobo (@Cobo_Global) March 25, 2024
Previously, withdrawals from the OUSG fund were subject to traditional security closing periods, causing delays in investors accessing their USD after selling underlying securities. However, with the adoption of faster processing times, ONDO anticipates benefiting from blockchain’s advantage of instant investment and redemption, available 24/7/365. In addition, ONDO has recently announced that Cobo now supports $USDY and $ONDO.
$USDY, or US Dollar Yield Token, is a tokenized note backed by short-term US Treasuries, designed to offer the accessibility of a stablecoin with US dollar-denominated yield. Cobo’s support is expected to enhance the Ondo ecosystem. It will provide secure storage, deposit, and withdrawal services for $USDY and $ONDO. This move will expand its industry-wide support to over 2,500 tokens across 80+ chains.
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