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Ethereum, the second-largest cryptocurrency by market value, has historically followed a consistent pattern in February. Since its introduction in 2017, Ethereum’s price has closed positively every February except one.
This recurring trend has led many crypto analysts to consider February a bullish period for Ethereum, often using it as an indicator for broader altcoin market trends. In light of this, investors are searching for more affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now.
5 Best Altcoins to Buy Now
Dai (DAI), a stablecoin, continues to maintain its value close to $1, with its current price at $0.9999 and a slight daily growth of 0.03%. Meanwhile, Cronos has introduced a new betting platform called CroCrash, which can be accessed via crocrash.io. The Render Network has also announced various initiatives to increase its presence in artificial intelligence and decentralized rendering.
Additionally, the Ethereum Name Service (ENS) has established itself as a notable player in the market, boasting 122,000 holders. On a different front, the MIND of Pepe project is emerging as a new cryptocurrency that combines the popular themes of AI agents and meme-based tokens. Finally, the Nasdaq 100 commemorates its 40th anniversary, marking a significant milestone in its history.
1. Dai (DAI)
Dai (DAI), a stablecoin, maintains a stable price close to $1, currently at $0.9999, with a slight daily increase of 0.03%. Its market cap is $5.36 billion, consistent with its fully diluted valuation. In the last 24 hours, DAI has seen a trading volume of $228.93 million, representing 4.3% of its market cap, indicating moderate trading activity. With a total supply of 5.36 billion DAI and no maximum supply limit, it remains a significant player in the stablecoin sector.
The Dai ecosystem has recently highlighted the benefits of saving with DAI, emphasizing that not all stablecoins are the same. They pointed out that DAI offers the highest 30-day APY among stablecoins with over $100 million in Total Value Locked (TVL) on the Base network, according to data from Vaults.fyi. This suggests that DAI could be preferable for those looking to earn interest on their stablecoin holdings.
Savings USDS has the highest 30-day APY among stablecoins with over $100M TVL on @Base.
Source: @vaultsfyi pic.twitter.com/i19lCvPaYm
— Sky (@SkyEcosystem) January 28, 2025
Moreover, DAI and its savings version, sDAI, have been integrated into OpenOcean, a leading DeFi aggregator, enhancing their accessibility. This integration allows seamless swapping between DAI, sDAI, and USDC on Ethereum and Base networks. OpenOcean provides enhanced liquidity, which might improve users’ trading efficiency.
2. Cronos (CRO)
Cronos has recently launched a new betting game called CroCrash, accessible at crocrash.io. In this game, participants can deposit $CRO tokens and place bets starting from a minimum of 5 $CRO. The objective is to cash out before a virtual rocket ‘crashes’, with the payout determined by a varying multiplier each round. This adds an element of excitement and risk to the Cronos ecosystem, potentially attracting users interested in gaming and betting.
Considering the market performance, Cronos (CRO) is trading at $0.1278, marking a 3.15% increase over the past day. Its market capitalization is around $3.39 billion, with a 24-hour trading volume of $24.71 million. Despite a bearish sentiment in price predictions, the Fear & Greed Index scores 72, indicating greed in the market.
Launch day for @Cro_Crash!
Users can deposit $CRO tokens and place bets with 5 $CRO minimum before the rocket takes off. Cash out before it crashes to secure the payout. The multiplier varies each round. https://t.co/eEPFsbZTct
— Cronos (@cronos_chain) January 28, 2025
Over the last year, CRO has seen a 52% increase in value, outperforming over half of the top 100 crypto assets. It also trades above its 200-day simple moving average, suggesting a positive long-term trend. In summary, Cronos is expanding its ecosystem with engaging applications like CroCrash and incentives through PUUSH, which could enhance user participation.
3. Render (RENDER)
The Render Network has recently announced several initiatives to expand its influence in the AI and decentralized rendering sectors. One notable development is the launch of the AI Scouts Program by the Render Foundation. This program is designed to support startups innovating in AI by providing them access to Render Network’s decentralized GPU compute platform.
The Render Network is also gearing up for RenderCon 2025, scheduled in Hollywood, California. This event is anticipated to be a significant gathering, showcasing advancements in Decentralized Physical Infrastructure Networks (DePIN), offering insights from the AI Scouts, and providing a platform for attendees to network with industry thought leaders. It represents a key opportunity for community expansion and knowledge sharing.
Aria-V1 by Dan Danno @blackbox_mx – brought to life with the power of the @rendernetwork.
Love seeing what artists create when they have the tools they need. #RENDER pic.twitter.com/jcdGMtF7Tq
— The Render Network (@rendernetwork) January 30, 2025
From a market perspective, Render (RENDER) is trading at $5.53, with an 11.21% increase over the past day. Its market capitalization is approximately $2.86 billion, with a 24-hour trading volume of $111.71 million, indicating high liquidity. Over the last year, RENDER has seen a 29% rise in value, and in the recent 30 days, it has closed higher than it opened on 16 days, which is 53% of the time.
4. Ethereum Name Service (ENS)
Ethereum Name Service (ENS) has established a significant market presence with 122K holders. Currently, ENS is trading at $34.35, marking a 2.56% increase over the last day. This growth has pushed its market cap to $1.21 billion, with a similar daily rise of 2.57%. The trading volume for the past 24 hours is $129.73 million, up by 22.33%, indicating heightened market activity.
The sentiment around ENS’s price prediction is currently bullish, and the Fear & Greed Index is at an extreme level of 76, pointing towards a market environment of extreme greed. Over the past year, ENS has doubled in value, increasing by 100%, which has allowed it to outperform 62% of the top 100 crypto assets. This performance showcases ENS’s strong position within the crypto market.
At frENSday, @VitalikButerin (aka Vitalik.eth) reminded everyone that ENS isn’t just an application, it’s infrastructure.@sptucha from @Venmo / @paypal also revealed how they’re integrating ENS, bridging .eth names with addresses. A small step, but just the tip of the iceberg. pic.twitter.com/ewwIsKitOI
— ens.eth (@ensdomains) January 17, 2025
Technically, ENS is trading 31.46% above its 200-day simple moving average, currently at $26.69, a positive sign for long-term investors. In the last 30 days, ENS has had 15 green days, where the closing price was higher than the opening, representing 50% of the period, further underlining its positive momentum.
5. MIND of Pepe (MIND)
MIND of Pepe is an emerging cryptocurrency project that merges the trending sectors of AI agents and meme coins, having successfully raised over $4 million during its ongoing presale. This project introduces a self-evolving AI agent to revolutionize how crypto enthusiasts engage with market data. Imagine this AI as a tireless crypto analyst, continuously monitoring market trends, social media buzz, and price movements.
The presale for MIND of Pepe has captured widespread attention, surpassing the $4 million mark. The token is currently priced at $0.0032273, with expectations of price increases as the presale progresses, rewarding early investors with a more favorable entry point.
Additionally, MIND of Pepe features an active staking app where investors can lock their tokens to earn rewards, with distributions set at 1,332 MIND per Ethereum block, continuing for three years after the launch. Over 6731 million MIND tokens are already staked, indicating strong investor interest.
Four Million. $MIND pic.twitter.com/yqtBA8gj5n
— MIND of Pepe (@MINDofPepe) January 27, 2025
The project’s credibility is further bolstered by two successful security audits from Coinsult and SolidProof, confirming the integrity of its codebase. With projections estimating the AI agent crypto market to grow to $250 billion by the end of the year, MIND of Pepe positions itself as a contender in this burgeoning space, suggesting a promising future for early adopters and investors.
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