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Discover the best cryptocurrencies to buy now. Explore opportunities based on recent developments and trends to optimize your investment strategy with expert insights.
The global crypto market cap has reached $2.28 trillion, marking a 0.79% increase over the last day. The global market trading volume also surged by 7.22% during the same period. This increase has boosted altcoins, yielding returns for their investors.
As the uptrend in these altcoins gains momentum, investors are looking for significant tokens that showcase impressive growth and potential. This article highlights the best cryptocurrencies to buy now, focusing on those that have experienced significant corrections in their respective portfolios.
Best Crypto to Buy Now
Polkadot recently introduced PoKe, a key initiative under its Decentralized Futures Program. This initiative aims to connect large enterprises and governments with the Polkadot ecosystem. Meanwhile, WienerAI, known for its unique approach and innovative AI technologies, has raised over $6.5 million, gaining notable recognition among investors.
Additionally, Bittensor ranks fourth in the AI-crypto rankings due to its innovative approach of combining blockchain technology with machine learning. Bittensor is trading at $281.22, reflecting a 0.64% increase in the last 24 hours.
1. Polkadot (DOT)
Polkadot has launched PoKe, a key initiative under the Decentralized Futures Program. PoKe, short for Polkadot Key Account BD Unit, aims to connect large enterprises and governments with the Polkadot ecosystem.
The PoKe initiative, led by Scytale Digital and BOTLabs GmbH, leverages Polkadot’s technology to attract big institutions. Recognizing the need for more robust enterprise engagement, PoKe will work to integrate Polkadot into major organizational structures.
Moreover, the initiative goes beyond simply adding users to the Polkadot ecosystem. It highlights Polkadot’s network as a secure and collaborative solution for institutions. PoKe eliminates centralized control, offering robust capabilities to its users.
Additionally, the Polkadot community is considering creating a bridge to connect with the Cardano network. Significant progress has been made toward developing a Cardano-Polkadot light client and NFT swap bridge. Furthermore, an agent from the Unifires ecosystem announced on the Polkadot Forum that a proposal for this bridge has already been sent to Cardano, with a similar one to be sent to OpenGov, Polkadot’s decentralized governance organization.
No BUIDLing without BD. Thankfully, PoKe will drive large-scale enterprises and government Web3 adoption for Polkadot 🤝
Founded by @scytaledigital & BOTLabs (KILT Protocol) and funded by the DF Grant Program, PoKe will leverage Polkadot’s potential and drive its emergence as a… https://t.co/3kumszdsYC pic.twitter.com/F1Czyo9pe3
— Polkadot (@Polkadot) June 25, 2024
This plan aims to secure funding to address interoperability issues common in the cryptocurrency sector, benefiting both ecosystems. The initial response from the Polkadot community has been primarily positive. According to CoinMarketCap, DOT’s price is currently $6.27, increasing by 8.44% in the last 24 hours.
Based on its market cap, the cryptocurrency shows high liquidity. The 14-day Relative Strength Index (RSI) is 40.55, indicating that Polkadot is currently neutral and may trade sideways.
2. Pyth Network (PYTH)
Pyth Network is currently showing a bullish trend, fluctuating between $0.27 and $0.36. Despite recent volatility, the support level at $0.22 and the resistance level at $0.41 indicate a stable foundation. Indicators such as the 10-day and 100-day Simple Moving Averages and an RSI of 51.94 suggest potential growth.
Positive price movement over the past week hints at a recovering market and could signal the start of a bullish phase. At press time, PYTH is trading at $0.3263, experiencing an intraday increase of 6.56%. In a notable development, Binance announced new FDUSD cross and isolated margin trading pairs, including PYTH.
Binance is also offering zero-fee trading on FDUSD pairs, with specific terms based on users’ VIP levels. This initiative aims to enhance the user trading experience by providing more trading options, allowing for better portfolio diversification and flexible trading strategies.
Additionally, Pyth Price Feeds have been recently integrated into Kaia, a newly optimized public blockchain based on Byzantine Fault Tolerance (BFT). This integration follows the merger of Klaytn and Finschia under ‘Project Dragon,’ positioning Kaia as a significant player in Asia’s Web3 ecosystem.
DeFi builders now have permissionless access to the 500+ Pyth Price Feeds on @klaytn_official 🔮
Kaia enhances on-chain capabilities focusing on performance, scalability, and ease of adoption. It offers immediate finality, high TPS, and low transaction costs, making it ideal for… pic.twitter.com/NChDSEXBCj
— Pyth Network 🔮 (@PythNetwork) June 27, 2024
Pyth Price Feeds are known for their accuracy and ability to deliver real-time data on various assets, including digital currencies, stocks, and bonds. With this integration, developers on Kaia can access over 500 data feeds, enabling them to create advanced DeFi applications that manage information and transactions with exceptional speed.
3. WienerAI (WAI)
WienerAI, with its unique approach and innovative AI technologies, has raised over $6.5 million and gained notable recognition among investors. This unique blend of features positions it as one of the top promising tokens in the market, piquing the interest of potential investors.
The AI platform aims to develop advanced AI solutions. Its main goals include creating technologies applicable to data analysis, process automation, and intelligent support systems. Furthermore, WienerAI features an AI-powered trading bot on the Ethereum blockchain. This bot combines humor with high-tech features to make trading more engaging and interactive.
We've raised $6.5M and this Wiener is not stopping! 🌭🚀
Join the WienerAI revolution and experience the unstoppable power of AI-driven trading 💪🤖💰 pic.twitter.com/ZiErtN1uvV
— WienerAI (@WienerDogAI) June 27, 2024
Users can ask the bot questions about their investment strategies, and it provides detailed market analysis and trading ideas. The AI ensures trades are executed at optimal prices across decentralized exchanges (DEXs), protecting users from front-running bots.
Additionally, WienerAI offers a staking protocol that allows holders of its native token, WAI, to earn rewards. This combination of advanced trading tools and staking opportunities positions WAI as a potential investment with significant growth potential after listing.
4. Bittensor (TAO)
Bittensor ranks fourth in the AI-crypto rankings due to its innovative approach combining blockchain technology with machine learning. The platform aims to democratize AI by making it easier to develop, share, and train machine learning models within its ecosystem.
Machine learning models on Bittensor train collaboratively and are rewarded in TAO based on the value of the information they provide to the network. TAO also allows external access, enabling users to extract information from the network and tailor its activities to their specific needs.
Over the past year, TAO’s price soared by 492%, according to CoinMarketCap. However, recent weeks have seen a significant decline. Nonetheless, the token currently trades at $281.22, up 0.64% in 24 hours.
Moreover, the token has high liquidity based on its market cap and is trading 130.15% above its 200-day simple moving average (SMA) of $122.07. Additionally, Bittensor’s trading volume is increasing, and the Relative Strength Index (RSI) indicates a buy zone.
5. Mog Coin (MOG)
Mog Coin operates on the Ethereum network but can also bridge Ethereum and Bitcoin by integrating with Multibit. According to the project, users can purchase goods and services using the MOG token.
This week, MOG has seen a significant increase of 106.41%. At press time, the token is changing hands at $0.000001757, with an intraday surge of about 28%. The price outlook for Mog Coin is generally favorable, with potential for further growth.
Furthermore, its market capitalization is around $600 million, supported by strong buying interest. The 14-day Relative Strength Index (RSI) for Mog Coin is at 60.94, indicating a neutral position that could lead to sideways trading.
Over the past 30 days, MOG has had 16 green days, making up 53% of the time, and it shows high liquidity relative to its market cap. In addition, Mog Coin’s integration capabilities, utility in transactions, recent price performance, and market indicators present a potentially exciting option for investors.
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