5 Best Altcoins to Buy Now January 7 – Dogecoin, BNB, Maker, Bitcoin SV

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The real-world asset (RWA) tokenization market is rapidly expanding, with a total market capitalization exceeding $70 billion. Leading the sector are tokens like Hedera (HBAR), Chainlink (LINK), Avalanche (AVAX), VeChain (VET), and Ondo (ONDO). These tokens have experienced notable price surges, signaling strong investor interest in RWA.

According to data from CoinMarketCap, the top RWA tokens by market cap include HBAR, LINK, and AVAX. These tokens have all seen significant gains recently, with AVAX increasing by 25%, LINK rising by 15.95%, and HBAR growing by 19.95%. Other tokens in the market are also showing positive trends. Given their current momentum, it is anticipated that the RWA sector will continue to experience growth soon. 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 

Dogecoin (DOGE) has seen increased trading activity, especially from large investors, commonly known as “whales.” Binance Coin (BNB) has experienced significant upward movement recently, with its price rising 4.32% in the past week, now trading above $730. Flockerz ($FLOCK) has introduced a new vote-to-earn (V2E) model in cryptocurrency. 

Maker is notable for its decentralized governance and effective role in maintaining the stability of DAI. Bitcoin SV ranks 96th in market capitalization, with a value of around $1.15 billion. Bitcoin, on the other hand, has surpassed $100,000 for the first time since mid-December.

1. Dogecoin (DOGE)

Dogecoin (DOGE) markets have seen increased activity, particularly from large investors, often called “whales.” Transactions exceeding $100,000 have spiked, signaling heightened interest. This trend could point to potential price increases as market dynamics shift.

Historically, January has been a favorable month for Dogecoin, with an average return of 85%. However, outlier performances in 2014 and 2021 brought 250% and 700% returns, respectively. Its median January performance is 5%, the second-highest after October’s 8%.

DOGE Price Chart

Futures markets have also set new records, with open interest reaching 10.35 billion DOGE, surpassing the previous high of 10 billion in March 2024. Increased open interest, reflecting unsettled derivative contracts, suggests fresh capital entering the market. This development aligns with technical indicators like the 50-day Simple Moving Average (SMA), which points to a bullish trend. Analysts predict a short-term price target of $0.50, though low trading volumes on Coinbase compared to November’s rally suggest resistance at $0.40 may persist.

Looking further ahead, some predict Dogecoin could reach $1 by 2025, a significant increase from its lifetime peak of $0.70 in 2021. This would bring its market capitalization to $100 billion. However, these projections rely on continued market interest and broader adoption.

2. BNB (BNB)

Binance Coin (BNB) has demonstrated notable upward momentum in recent weeks, with its price rising by 4.32% over the past week to trade above $730. This positive trend suggests the potential for a breakout, supported by several key technical indicators.

Price targets for BNB include a short-term range of $757 to $795, with a bullish breakout potentially reaching $840, based on the 1.272 Fibonacci projection. On the downside, support is currently at $705, corresponding to the 100-day EMA.

BNB Price Chart

Market sentiment around BNB is broadly positive, with a Fear & Greed Index score of 78, indicating “Extreme Greed.” Over the past year, BNB has recorded a 142% increase in value, outperforming Bitcoin, Ethereum, and 69% of the top 100 crypto assets. The token also trades 19.22% above its 200-day simple moving average (SMA) of $607.24, highlighting sustained strength.

Additional factors contributing to BNB’s positive outlook include its negative annual inflation rate of -2.71% and its relatively low 30-day price volatility of 2.63%. The token has also seen 47% green days during this period and remains close to its cycle high. Its trading activity on Binance further supports its robust performance. Technical forecasts predict a 15.23% increase in BNB’s price, potentially reaching $842.11 by early February 2025.

3. Flockerz ($FLOCK)

Flockerz ($FLOCK) has introduced a new vote-to-earn (V2E) model in cryptocurrency. Since its presale began in September, it has raised $9 million. This model encourages community involvement in decision-making by rewarding holders of $FLOCK tokens with additional tokens for each vote they cast. Flocktopia, a decentralized autonomous organization (DAO), manages the project’s governance.

Here, members can shape the project’s direction. This model addresses challenges in the meme coin sector, such as scams and market manipulation. It ensures that decision-making is not concentrated in the hands of a few individuals.

The V2E approach is timely, given the explosive growth of meme coins in recent years. However, this growth has often been marred by bad actors. By placing governance in the hands of the community, Flockerz seeks to build a more sustainable and transparent ecosystem. This approach has garnered attention, including from Best Wallet’s Upcoming Tokens tool, which has previously flagged successful projects like Pepe Unchained ($PEPU) and Catslap ($SLAP).

As the presale nears its $10 million milestone, investors have a limited window to purchase $FLOCK tokens at $0.0066351. Afterwards, the tokens will be listed on exchanges. The project’s smart contract has been audited by Coinsult, offering additional security for investors.

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4. Maker (MKR)

Maker (MKR), the governance token for MakerDAO and the Maker Protocol, plays a central role in managing DAI, a decentralized stablecoin soft-pegged to the US dollar. Operating on the Ethereum blockchain, MakerDAO was initially envisioned in 2015 and launched fully in December 2017. Its primary objective is to maintain the stability of DAI as a community-governed digital currency.

MKR Price Chart

Over $1 billion is currently supplied to the Sky Savings Rate, offering an annual return of 12.5%. This significant allocation reflects the platform’s appeal for earning passive income. Maker’s market activity is notable, with a high 24-hour volume-to-market-cap ratio of 1.0868, suggesting robust liquidity relative to its size. It also trades on Binance and supports transactions in Nigerian Naira, broadening its accessibility to diverse markets.

The sentiment around Maker’s price forecast appears cautious, with the market leaning bearish. However, the Fear & Greed Index indicates a state of “Extreme Greed” at a value of 78, signaling a potential shift in market behavior. Additionally, the protocol shows a unique yearly inflation rate of -2.98%, which could interest long-term participants. Overall, Maker stands out for its decentralized governance and operational efficiency in maintaining the stability of DAI.

5. Bitcoin SV (BSV)

Bitcoin SV (BSV) emerged in 2018 due to a hard fork from Bitcoin Cash (BCH). BSV’s primary goal is to align with what it claims to be Bitcoin’s original intent, as outlined in Satoshi Nakamoto’s white paper, early Bitcoin software, and related writings.

BSV is a blockchain focused on scalability and stability. It strives to uphold Bitcoin’s vision as a peer-to-peer electronic cash system and serve as a distributed data network capable of supporting advanced applications for enterprise use.

BSV Price Chart

At the time of writing, Bitcoin SV holds the 96th position by market capitalization, valued at approximately $1.15 billion. Its price is $58.47, reflecting a 1.14% increase over the past day. The asset exhibits high liquidity relative to its market cap, supported by a 24-hour trading volume of $56.27 million, representing a 7.62% rise.

Technical indicators show that BSV is trading 41.93% above its 200-day Simple Moving Average (SMA), currently at $41.50. This suggests a strong performance relative to its long-term trend. Market sentiment surrounding BSV appears neutral, while the Fear & Greed Index reflects extreme greed with a score of 78. Bitcoin SV is a blockchain focused on scalability and data capabilities, attracting attention from those interested in its enterprise-level applications.

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