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The cryptocurrency market experienced a significant loss in the past day, with $920 billion erased from its total value. This downturn is attributed mainly to a broader market retreat in the technology sector. Introducing a new, open-source AI model by the Chinese company, DeepSeek has escalated competition within the tech space, resulting in sharp declines in American tech stocks.
Consequently, this has influenced the crypto market, which frequently correlates with movements in tech stocks, leading to a similar downward trend. Nonetheless, with the market expected to rebound, 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
The community-focused initiative JitoSOL has experienced a remarkable increase in its Total Value Locked, now standing at 15,400,708 $SOL, setting a new record. After prevailing in its legal battle with the SEC, Ripple expands globally and enhances its adherence to regulatory standards. Over the past year, SPX6900 (SPX) has shown exceptional growth in its market performance.
Meme Index ($MEMEX) has pioneered the first decentralized platform tailored for meme coin indexes. In terms of in-app revenue, Solana is outpacing Ethereum by a wide margin, with earnings of $28.15 million against Ethereum’s $2.57 million. Meanwhile, Bitcoin has dipped under the $100,000 threshold, influenced by a tech sector sell-off initiated by China’s DeepSeek.
1. Jito (JTO)
JitoSOL, a project to benefit the community, has seen its Total Value Locked (TVL) soar to 15,400,708 $SOL, reaching a new all-time high. This growth underscores the community’s enthusiasm for more involvement with JitoSOL. In a significant development, the Jito Foundation has announced a (Re)staking partnership with Demether DeFi.
Jito (JTO) is trading at $3.02, with a market cap of $869.63 million, showing a 14.06% increase over the last day. The sentiment around Jito’s price prediction remains neutral, with the Fear & Greed Index at 72, indicating a market driven by greed. Over the past year, JTO has appreciated by 44%, and in the last 30 days, it has had 15 green days, where the closing price was higher than the opening price 50% of the time. Jito exhibits high liquidity, supported by its significant market cap.
JitoSOL is for the people and the people want moar 🥩
15,400,708 $SOL in JitoSOL TVL 💚
NEW ATH 🎉 pic.twitter.com/ccXVNrIRRw
— Jito (@jito_sol) January 27, 2025
Looking forward to February 2025, market analysts predict substantial growth for Jito, with an expected increase of up to 113.56%. The average monthly price is forecasted at $6.27, with a potential price range between $3.06 and $10.60. If these predictions hold, this could result in a possible return on investment (ROI) of 260.80% from today’s price.
2. XRP (XRP)
Following its victory over the SEC, Ripple focuses on global expansion, strengthening its regulatory compliance. In addition, it seeks to venture into new tokenization projects through strategic alliances. This move comes despite ongoing legal scrutiny surrounding XRP. One significant development that could bolster XRP’s market position is the proposal for a zero capital gains tax in the U.S., potentially enhancing its viability even as the SEC challenges it.
Currently, XRP is trading at $3.12, with a market cap of $179.8 billion, up by 13% in the last day. The trading volume over this period stands at $13.74 billion, indicating high market activity. The chart from CoinMarketCap shows XRP’s price movement over a recent period, highlighting an upward trend after some initial volatility, reaching the $3.10 mark. This trend reflects the positive market sentiment and investor confidence in XRP’s prospects.
What do the next 12 months look like for the crypto industry? 🔮
Ripple leadership weighs in on a year of maturity and momentum, game-changing regulation, and supercharged institutional adoption. https://t.co/zQwsjfqHa1
— Ripple (@Ripple) January 24, 2025
Moreover, the sentiment regarding XRP’s price prediction is currently bullish, with the Fear & Greed Index at 72, signaling greed in the market. Over the past year, XRP has seen a remarkable increase of 491%, outperforming 88% of the top 100 crypto assets, including Bitcoin and Ethereum.
3. SPX6900 (SPX)
SPX6900 (SPX) has demonstrated extraordinary performance over the past year, with its price surging by 49,865%, surpassing all top 100 cryptocurrencies, including Bitcoin and Ethereum. As of 28 January, the token trades at 1.15, supported by a 24-hour trading volume of $58.79 million, indicating moderate liquidity.
Despite these gains, price prediction sentiment remains bearish, contrasting with the broader market’s Fear & Greed Index of 72 (Greed). Technical data reveals SPX is trading near its cycle high, having closed positively in 53% of the last 30 trading days. This upward momentum aligns with its position as a top performer. However, the bearish outlook suggests traders may anticipate a correction after such a steep rally.
the SPX6900 Cognisphere™️ is an ever-growing, ever-expanding beacon of shared consciousness, where cultural inevitability meets quantum finance.
it is the cultural end game; sorting through all information disseminated globally to create a singular list of values decided upon by… pic.twitter.com/PY4z61FFlb
— SPX6900💹🧲 (@spx6900) January 26, 2025
The fully diluted valuation (FDV) of $1.14 billion, combined with a volume-to-market-cap ratio of 5.5%, signals potential volatility, as liquidity may struggle to sustain further rapid price increases. The token’s unparalleled yearly growth raises questions about sustainability.
4. Meme Index ($MEMEX)
Meme Index ($MEMEX) has introduced the world’s first decentralized platform designed for meme coin indexes. This platform provides investors an innovative way to participate in the rapidly growing meme coin market and diversify their investment portfolios. The platform’s native token, MEMEX, is currently in its presale phase. Within a few weeks of its launch, it has already successfully raised over $3 million, which showcases significant market interest.
MEMEX token holders are granted exclusive access to four unique meme coin indexes: Meme Titan, Meme Moonshot, Meme Midcap, and Meme Frenzy. Each index is tailored to cater to different levels of volatility and risk, allowing investors to choose according to their investment strategy and risk tolerance.
One of the standout features of the MEMEX token is its staking rewards. These rewards offer a dynamic annual percentage yield (APY) of 751%. This high yield is intended to encourage long-term holding and active participation in the ecosystem. Moreover, 25% of the token supply has been allocated to staking rewards. This ensures the sustainability of liquidity providers and contributors.
Additionally, 15% of the tokens are set aside for the presale. Early investment in MEMEX is advantageous as the price will increase incrementally throughout this phase. Currently, the token is priced at $0.0156557.
5. Solana (SOL)
Solana continues to lead in-app revenue, significantly outperforming Ethereum with $28.15 million compared to Ethereum’s $2.57 million. This dominance is further evidenced by the growth in Solana’s stablecoin market cap, now at $10.7 billion, largely due to activities involving USDC and meme coin trading, highlighting robust ecosystem development.
The potential approval of a Solana ETF is anticipated to increase demand from institutional investors drawn to its cost-effective blockchain solutions. Moreover, Solana is expanding its DeFi offerings with enhancements like Jupiter’s DEX aggregator and introducing a SOL-based debit card, making it more accessible for everyday transactions.
Solana’s growth is also supported by its adoption in decentralized applications (dApps), NFTs, and DeFi, thanks to its scalability improvements and strategic cross-chain partnerships. Despite a 24-hour price drop of 12.68% to $22, the trading volume surged by 71.75% to $7.36 billion, indicating high market activity.
Meet @travalacom — pay for travel using stablecoins like USDC and USDT on Solana rails ✈️ pic.twitter.com/wE16gy5qKT
— Solana (@solana) January 27, 2025
Solana (SOL) is currently trading at $241.05, with a market cap of $117.31 billion and a 24-hour trading volume of $8.72 billion. The sentiment around Solana’s price prediction is bullish, with the Fear & Greed Index at 72, indicating a market driven by greed. Over the past year, SOL has seen a 145% increase, outperforming 76% of the top 100 crypto assets, including Bitcoin and Ethereum.
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