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XRP surged to $2.5 early Monday, overtaking BNB and Solana to become the third-largest cryptocurrency by market capitalization on CoinMarketCap. This rally reflects growing optimism in the market, fueled by increased adoption of digital assets by governments and institutions. The shift highlights rising demand for cryptocurrencies as they gain broader recognition.
The bullish momentum extends beyond XRP, with several altcoins also experiencing notable gains. This wave of positive market sentiment has reignited interest in digital assets. As conditions appear favorable for altcoins and emerging cryptocurrencies, investors are exploring top cryptocurrencies to buy now.
Top Cryptocurrencies to Buy Now
XRP’s price recently surged past $2, driving its market capitalization above $100 billion. Meanwhile, Uniswap achieved a significant milestone in November by recording $38 billion in trading volume across Ethereum’s leading layer-2 scaling solutions, highlighting increased activity and interest in the platform. In addition, Ondo Finance integrated LayerZero technology to enable seamless multi-chain transfers of its tokenized assets.
1. XRP (XRP)
XRP’s price surged past $2, reaching levels not seen since 2018 and pushing its market cap above $100 billion. The rise can be linked to Ripple’s planned stablecoin launch, RLUSD. Regulatory approval for the stablecoin could arrive as early as December 4. Ripple has been working to align with U.S. regulations, aiming for a compliant launch.
The introduction of RLUSD may enhance XRP’s role in financial transactions. Greater use of the stablecoin could increase demand for XRP, potentially driving its price further. Ripple’s integration within traditional finance could amplify these effects, leveraging the stablecoin for added utility.
Today, in partnership with @ArchaxEx and @abrdn_plc, we’re excited to announce the first tokenized money market fund on the XRP Ledger.
With $16T in tokenized assets projected by 2030, this milestone unlocks cost savings and settlement efficiencies by deploying capital markets…
— Ripple (@Ripple) November 25, 2024
Technically, XRP shows positive short, medium, and long-term trends. Moving averages indicate potential strength, with the token trading 248% above its 200-day simple moving average of $0.69. Moreover, XRP is currently priced at $2.39, up 25.57% in 24 hours, nearing its recent high of $2.49.
Furthermore, the 24-hour trading volume to market cap ratio of 0.3888 suggests strong liquidity. Meanwhile, Ripple has also collaborated with Archax and abrdn to launch the first tokenized money market fund on the XRP Ledger. With tokenized assets predicted to reach $16 trillion by 2030, this initiative aims to improve cost efficiency and settlement processes.
2. Crypto All-Stars (STARS)
Crypto All-Stars (STARS) has raised over $7 million in its token presale. The tokens, priced at $0.0016582, can be purchased using cryptocurrencies or traditional payment methods. The project plans to debut on its first exchange on December 20.
The project features MemeVault, a platform for staking various meme coins. Unlike other platforms that focus on individual tokens, MemeVault allows users to stake multiple meme coins from different blockchain networks in one place. For example, investors can stake DOGE from Ethereum and WIF from Solana through a single platform. In return, users earn STARS tokens as rewards.
MemeVault uses the ERC-1155 standard, which lets multiple tokens operate under a single contract. This design simplifies token management for investors by reducing the need for various platforms and wallets. The project also offers a staking app exclusively for $STARS tokens. The annual yield for staking STARS is 282%, but this rate will decrease as more investors participate.
To date, over 2.6 billion STARS tokens have been staked. The project’s staking features aim to streamline access to meme coin ecosystems while providing reward opportunities for participants.
Visit Crypto All-Stars Presale
3. LayerZero (ZRO)
LayerZero has been integrated by Ondo Finance to enable multi-chain transfers of its tokenized assets, enhancing the functionality of its U.S. Dollar Yield (USDY) stablecoin. USDY, a yield-bearing token tied to U.S. Treasuries, has a market capitalization exceeding $452 million and ranks as the third-largest tokenized U.S. Treasuries product.
By adopting LayerZero’s technology, Ondo aims to broaden its reach and enhance cross-chain operations for USDY. The integration utilizes LayerZero’s Omnichain Fungible Token Standard (OFT). This protocol extends the capabilities of standard blockchain tokens, enabling them to function efficiently across multiple decentralized finance (DeFi) ecosystems. Security for these operations is backed by verification systems from platforms such as Polyhedra, Axelar, and LayerZero Labs.
LayerZero’s native token, ZRO, is trading at $6.26 with a market cap of $685.40 million. It has seen a slight increase of 0.42% in the past 24 hours. The token shows strong liquidity, with a trading volume over three times its market cap.
Moreover, market sentiment surrounding the token is currently bullish, with predictions suggesting ZRO could trade between $6.23 and $21.35 by the end of the year, potentially offering significant returns if trends hold.
4. Gnosis (GNO)
Gnosis, a platform aiming to transform payment systems and broaden access to decentralized financial tools, operates on the Gnosis Chain. This chain is a secure, decentralized Layer 1 Ethereum Virtual Machine (EVM) network.
Currently, Gnosis token GNO is priced at $267.42, reflecting a 4.13% drop over the past 24 hours. Trading activity over the same period reached $5.90 million, marking a 47.21% increase. Despite the recent dip, market sentiment appears bullish, with the Fear & Greed Index showing an extreme greed level of 80.
Moreover, GNO trades 18.52% above its 200-day simple moving average (SMA) of $226.06, suggesting it remains upward. The cryptocurrency has had 16 positive trading days in the past month, equating to 53% of the time. Its 14-day Relative Strength Index (RSI) sits at 66.16, indicating neutral momentum, suggesting a potential for stable price movement in the near term.
GNO continues to trade above its initial token sale price, signaling resilience in its market performance. Volatility over the last 30 days is low, currently at 8%, showing relatively steady price behavior compared to more volatile assets. Furthermore, projections suggest Gnosis could end the year trading between $276.91 and $340.52, according to Coincodex.
5. Uniswap (UNI)
Uniswap set a new milestone in November, recording $38 billion in trading volume across Ethereum’s top layer-2 scaling solutions. This figure, reported by Dune Analytics, surpasses the previous peak of $34 billion in March. The rise reflects renewed activity on the platform.
The project recently introduced a $15.5 million bug bounty program to enhance security for its core contracts. The initiative aims to strengthen decentralized finance (DeFi) trust by proactively addressing vulnerabilities.
In another development, Uniswap Labs launched a feature enabling users to transfer assets across nine blockchain networks directly from its interface and wallet. This feature removes the need for third-party tools, offering faster and more secure cross-chain transfers. It aligns with Uniswap’s vision for seamless asset swaps across multiple chains.
Onchain history is being made 🦄
New all-time high for monthly L2 volume on the Uniswap Protocol pic.twitter.com/egGOyj8di9
— Uniswap Labs 🦄 (@Uniswap) November 27, 2024
At press time, Uniswap’s token is priced at $12.91, with a slight 0.57% drop in the past 24 hours. Over the past week, the token gained 9.67% and surged 73.94% in the last month.
It trades well above the 200-day simple moving average (SMA) of $8.18, with a 59.22% margin. Its 24-hour trading volume to market cap ratio stands at 0.1367, reflecting its liquidity. Meanwhile, sentiment around UNI remains bullish.
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