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‘Best crypto to buy now’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.
Several major cryptocurrencies experienced a surge in value last week, driven by several key factors. Bitcoin saw gains following increased investment through Bitcoin ETFs, contributing to the upward momentum in Bitcoin’s price. Additionally, the anticipation surrounding the upcoming “Bitcoin halving” event in early April has fueled the cryptocurrency rally.
Best Crypto to Buy Now
FLOKI’s price has soared by an astounding 635.64% this year. THETA, currently priced at $2.88, boasting a market cap of $2.8 billion, has also witnessed a notable increase in value. Additionally, Chiliz has recently partnered with Nansen to provide comprehensive insights into SportFi’s growth and utilization.
1. FLOKI (FLOKI)
FLOKI has demonstrated an impressive surge in its price this year, marking a staggering 635.64% increase. This surge propelled it to reach heights last witnessed in November 2021, falling only 8% short of its previous all-time high. However, a subsequent price retest saw FLOKI retracting about 30% from its peak in March.
It’s currently maintaining stability around a robust support level. This indicates resilience against further price declines and hints at the potential for another round of substantial gains, potentially surpassing its previous peak. The positive trajectory of FLOKI is reinforced by an 8% uptick in trading volume over the past 24 hours.
Additionally, FLOKI’s active token-burning strategy has effectively eliminated over $404,800 worth of FLOKI tokens within the past week. This strategy aims to reduce token supply, potentially driving its value up over time. Also, the market sentiment surrounding FLOKI remains bullish, as evidenced by a Fear & Greed Index reading of 75, indicating greed among investors.
$FLOKI and $TOKEN have just been featured on China's main sports TV channel CCTV-5!
This introduced #Floki and #TokenFi to over 100 million viewers in China as part of our sponsorship of the World Table Tennis Championships Finals in Incheon, South Korea. pic.twitter.com/wCZeRwuUa2
— FLOKI (@RealFlokiInu) March 31, 2024
FLOKI is consistently trading above its 200-day simple moving average, further bolstering its positive outlook. Moreover, FLOKI recently unveiled plans to introduce regulated digital banking accounts, aligning with its roadmap, including debit card rollout and staking services. The platform has established strategic partnerships with fintech entities licensed in jurisdictions including Canada, Spain, Dominica, Australia, and the UAE to ensure compliance with regulations and provide robust services.
Furthermore, FLOKI also collaborated with payment networks such as VISA and Mastercard to ensure the widespread acceptance and usability of its debit cards. These cards will be issued in partnership with a Switzerland-based company regulated by the Swiss Financial Market Supervisory Authority (FINMA).
2. eTukTuk (TUK)
eTukTuk seeks to position itself as a transformative force in the transportation sector, aiming to blend environmental sustainability with addressing global economic inequalities. In recent months, eTukTuk has seen notable progress. The platform’s ambitions extend beyond just a digital currency.
We've hit a major milestone, raising $2M in our pre-sale!
Thanks to our incredible community for your support.
Rest assured, these funds will fuel our mission for a sustainable future 🚀https://t.co/4kiTWB8U8Z
— eTukTuk (@eTukTukio) March 20, 2024
Plans involve developing cost-effective charging stations and an electric vehicle network to cater to a broad audience. The forthcoming Driver App is anticipated to play a pivotal role in eTukTuk’s digital ecosystem. Additionally, eTukTuk intends to list its TUK Token on Tier 1 and Tier 2 cryptocurrency exchanges, with support from the Sri Lankan government, expecting to enhance market presence and value.
The eTukTuk presale has successfully raised over $2.6 million, with the current TUK token price at $0.029. Anticipation surrounds its listing later this year, with prospects of gaining momentum. However, investors should be aware of a 22-hour window before the next anticipated price increase.
3. Chiliz (CHZ)
Chiliz announced its partnership with Nansen, an on-chain data and analytics provider. This collaboration aims to offer detailed insights into the expansion and usage of SportFi. By leveraging Nansen’s tools, users and the crypto community can better understand Chiliz’s on-chain dynamics.
Furthermore, Chiliz’s growth and performance are now trackable through Nansen’s Macro Dashboard. Additionally, crypto teams can utilize Nansen Query to access Chiliz’s on-chain data, representing an advancement in comprehending and leveraging on-chain data for strategic insights in the sports and entertainment blockchain sector. Moreover, this collaboration is expected to enhance comprehension of the Chiliz ecosystem.
It also has the potential to drive user adoption and the growth of SportFi. With a total market cap of $1.3 billion, the Chiliz blockchain has attracted major football clubs such as Manchester City and Paris Saint Germain (PSG). As of the latest data, CHZ is trading at $0.1489, showing an intraday increase of 0.74%.
We're excited to announce @nansen_ai has integrated Chiliz Chain to supply onchain data and analytics for the Chiliz SportFi ecosystem ✅
Visit the Nansen Macro Dashboard 📊https://t.co/CLk2PSTRlo
Read more about the partnership 👇https://t.co/nYZkXAxun4#ChilizChain ⚡ $CHZ
— Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz) March 28, 2024
In addition, CHZ is presently trading at 87.62% above its 200-day Simple Moving Average (SMA), which is $0.079618. The sentiment surrounding Chiliz price prediction is currently bullish, accompanied by a Fear & Greed Index of 75, indicating a state of greed among investors.
4. Theta Network (THETA)
Theta Network, priced at $2.88 with a market cap of $2.8 billion, has experienced a significant increase in value. Today alone, it has risen by 1.24%, indicating a positive trend of 2.78% for the week and an impressive 53.02% for the month.
Theta Network is trading above its 200-day simple moving average, signaling a positive performance compared to its token sale price. This indicates a positive trajectory for the network’s growth. Currently, sentiment analysis on Theta’s price prediction remains neutral.
The Fear & Greed Index reflects a level of 75, indicating a state of greed among investors. Functioning as a Layer 1 blockchain, Theta Network is a decentralized infrastructure for video, AI, and entertainment applications. It operates as a “dual network,” comprising the Theta Blockchain and the Theta Edge Network.
Exciting news! We're looking forward to the upcoming Theta subchain launch of @grovewars web3 game and its TNT-20 token GROVE https://t.co/gEKOThQ36S
— Theta Network (@Theta_Network) March 29, 2024
The Theta proof-of-stake blockchain offers payment, reward, staking, and smart contract capabilities. Meanwhile, the Edge Network handles compute, storage, and delivery of video streams, AI tasks, and other use cases like scientific research, simulations, and financial modeling. Theta’s Web3 infrastructure empowers media companies by boosting revenues, enhancing user engagement, and fostering new Web3 business models.
5. Maker (MKR)
Maker is currently trading at $3,941.80, with a trading volume of $226.05 million over the last 24 hours. The token’s price has seen a 5.32% increase during this period and has surged by 474% last year. Notably, it has outperformed 85% of the top 100 cryptocurrencies in the same timeframe, including Bitcoin and Ethereum.
The sentiment towards Maker’s price prediction is bullish, coinciding with a Fear & Greed Index reading of 75 (Greed). It’s worth noting that the current trading levels are close to the cycle high, indicating significant market activity. Maker maintains high liquidity based on its market capitalization.
Moreover, it trades above its 200-day simple moving average and has experienced 20 green days out of the last 30. Recently, Maker deployed a 100-million DAI Direct Deposit Module to Spark’s sUSDe/DAI and USDe/DAI markets on Morpho Blue. This move aims to provide overcollateralized scalable liquidity for users seeking to increase their exposure to Ethena’s assets.
Maker has deployed a 100-million DAI Direct Deposit Module to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue, enabling overcollateralized scalable liquidity for users interested in increasing their exposure to Ethena’s assets.
Through @sparkdotfi, we collaborated with… pic.twitter.com/AEZlUASGsT
— Maker (@MakerDAO) March 29, 2024
The collaboration between Maker, Spark, Morpho Labs, and Ethena Labs reflects the growing demand for advanced leverage solutions in the DeFi space. Further liquidity increases are anticipated beyond the initial allocation of 100 million DAI.
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