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InsideBitcoins analyzes the best cryptocurrencies to invest in daily. We evaluate current performance, growth potential, and industry trends to help you make informed investment decisions.
After experiencing a significant price drop to a weekly low of $64,000, Bitcoin has recovered most of its losses and trades above $67,000. Meanwhile, several altcoins have been printing gains, attracting investors looking for promising coins. This article provides timely insights into the best cryptocurrencies to buy now, analyzing market trends and developments.
Best Crypto to Buy Now
The Meme Games has quickly gained attention with its unique concept and successful fundraising, amassing over $265,000. In other news, Aave is contemplating a fee switch to return a portion of its net excess revenue to its primary users. Additionally, Edgevana has announced support and integration with Stacks, aiming to provide industry-leading infrastructure to the Stacks network.
1. Artificial Superintelligence Alliance (FET)
AI coins have gained attention for their potential to transform industries and offer significant returns. A major development in this sector is the merger of SingularityNet, Fetch.ai, and Ocean Protocol. This merger created the Artificial Superintelligence Alliance (ASI), which has already shown promising results.
Fetch.ai has been on an impressive run, fueled by the growing interest in AI. This token supports AI-driven platforms by facilitating transactions and encouraging participation in the network. ASI’s role in this ecosystem positions it for potential growth, driven by its unique value and the increasing market demand.
Now halfway through its integration phase, the merger completed the first stage with Ocean Protocol and SingularityNET on July 22. When completed, this process will bring FET, OCEAN, and AGIX under the ASI ticker.
Furthermore, FET is currently trading at $1.26 with a 4.69% intraday surge. It is trading 44.69% above its 200-day simple moving average (SMA) of $0.869975. The relative strength index (RSI) is 62.81, indicating a neutral stance and possible sideways trading.
On July 1, 2024, we began merging SingularityNET, https://t.co/kJ9URVpOul, and Ocean Protocol into the Artificial Superintelligence Alliance, trading under $FET. Phase 1 is complete with 50%+ migrated. Next, cross-chain bridges for a smooth transition and eventual $ASI ticker… https://t.co/profhftHR2
— Fetch.ai (@Fetch_ai) July 22, 2024
Fetch.ai has high liquidity, which reflects its strong market capitalization. The merger of SingularityNet, Fetch.ai, and Ocean Protocol into the ASI platform marks a significant step in the AI crypto space.
2. Turbo (TURBO)
Turbo Token represents an intriguing experiment in cryptocurrency creation, leveraging artificial intelligence to design the next prominent meme coin. The project began with its creator challenging GPT-4 to develop the coin, starting with a modest budget of $69. Turbo operates as a decentralized, community-driven crypto platform built on the Ethereum blockchain.
Moreover, the platform has established partnerships with several cryptocurrency exchanges and platforms. The token has secured a spot trading listing on GroveX and has been integrated into the OKX wallet DEX.
This integration allows users to trade TURBO with competitive prices and low fees. These partnerships boost Turbo’s liquidity and accessibility, potentially increasing its market presence and adoption among crypto traders.
$TURBO's Footprint 👣
Listed on over 50 exchanges, $TURBO is expanding its reach in the crypto space. 🚀
Our story is far from finished. 📈#TurboToken #TurboRevolution pic.twitter.com/oaByAaEtM1
— Turbo 🐸 (@TurboToadToken) July 25, 2024
At the time of writing, the TURBO token is priced at $0.005579, marking a 0.49% increase. It trades above the 200-day simple moving average, indicating high liquidity based on its market cap. Furthermore, the token surged by 27.61% over the past week, reflecting strong investor interest and market momentum.
Turbo Token’s unique approach, AI-driven creation, and strategic partnerships position it as the best crypto to buy now. The recent price trends and trading volumes suggest growing interest and potential for further adoption.
3. The Meme Games (MGMES)
The Meme Games has drawn inspiration from the 2024 Paris Olympics and has quickly captured attention with its unique concept and successful fundraising. It has raised over $265,000, and the current price of MGMES tokens is $0.00905 each.
This project integrates key gaming elements, such as jeopardy, excitement, competition, rewards, and chance. This blend, coupled with the global appeal of memes and the Olympics, has led to MGMES being informally dubbed the ‘official’ meme coin of the 2024 Paris Olympics.
The total supply of MGMES tokens is set at 2.024 billion. This supply allocation aims to support project growth and encourage long-term holding. Specifically, 38% of the total supply is allocated for presale, 9.3% for game winnings, 10% for staking, 15% for marketing, and 20% is divided equally between liquidity and project funds.
In the game, all characters have an equal chance of winning, which adds unpredictability. If a participant’s chosen meme athlete wins, they receive a 25% bonus on their MGMES tokens, enhancing their investment. Users can purchase tokens multiple times and select different characters to improve their chances of winning.
At press time, staking MGMES tokens can yield an annual return of 986%, though this rate varies with the number of stakers. This high return allows investors to accumulate significant amounts before MGMES launches on exchanges.
The MGMES presale coincides with the 2024 Paris Olympics and will conclude on September 8 at the closing ceremony of the Paralympics. The token will list on decentralized exchanges on September 10, where its price is anticipated to increase.
4. Aave (AAVE)
Aave allows users to borrow cryptocurrencies and real-world assets without a central intermediary. The platform’s native token, AAVE, functions as its governance token. AAVE holders can vote on development proposals and earn rewards by staking their tokens.
Additionally, Aave issues aTokens to lenders, enabling them to earn interest on their deposits. In recent developments, the platform is considering implementing a fee switch to return a portion of its net excess revenue to its primary users.
If approved, this proposal could reorganize the Aave protocol and create new revenue streams for both Aave and its users. Mark Zeller, founder of the Aave-Chan Initiative, stated that this proposal could generate about $60 million annually for AAVE holders. According to CoinGecko, Aave ranks as one of the most successful DeFi lending protocols, with over $12 billion in total value locked (TVL).
The token’s recent surge coincides with the proposal’s announcement. AAVE has surged by 14.09% in the last 24 hours, reaching $100.24. Technical analysis suggests that AAVE may continue to rise to $110 in the short term and $130 in the mid-term.
Furthermore, market sentiment around the token is bullish, with investors optimistic about its growth potential. The token has seen 18 green days in the past 30 days, indicating strong liquidity based on its market cap.
5. Stacks (STX)
Stacks has recently partnered with BitGo to offer Bitcoin rewards through “stacking.” This partnership allows BitGo users to earn Bitcoin rewards by using sBTC on the Stacks network. sBTC is a decentralized digital asset backed 1:1 by BTC, allowing users to expand their Bitcoin holdings without lending their original assets.
Moreover, BitGo’s role as a Signer is important in maintaining blockchain consensus and block production on the Stacks network. This integration enhances Bitcoin functionalities, enabling more advanced operations without compromising security or efficiency. Users can generate Bitcoin rewards directly into their wallets, adding a new dimension to Bitcoin investment strategies.
Additionally, Edgevana has announced support and integration with Stacks. This move aims to bring industry-leading infrastructure to the Stacks network. Edgevana’s involvement seeks to activate the Bitcoin economy further by enabling the decentralized movement of BTC to the Stacks network.
New: @edgevana Announces Support and Integration with Stacks
One of the world's fastest-growing node deployment and operator platforms for crypto with thousands of validators and developers on its platform will become a Signer for the Stacks network.
More info below 👇 1/3 pic.twitter.com/31FvEUtRcx
— stacks.btc (@Stacks) July 22, 2024
The STX token has recently shown a bullish trend. As of today, the price of Stacks is $1.86, with a 24-hour increase of 10.06%. Over the past seven days, the token surged by 3.33%. It is trading above the 200-day simple moving average and has experienced 16 green days in the last 30 days, which is 53% of the time.
In addition, the token has high liquidity based on its market cap. The recent price performance of the STX token reflects the growing interest and potential in the Stacks network.
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