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Crypto traders are always on the hunt for the best cryptocurrencies to buy on any given day – we list some high potential coins in this post.
In the cryptocurrency market, the total trading volume surged to $93.42 billion over the past 24 hours, marking a 47.54% increase. This upswing in trading activity reflects a heightened interest and engagement among investors. Moreover, decentralized finance (DeFi) protocols also experienced a boost, with a total volume of $9.07 billion recorded. The recent surge in crypto market volume reflects investor tilt towards altcoins. On this note, Insidebitcoins curates a list of tokens with the potential for substantial growth.
Best Crypto to Buy Now
Axelar has attracted considerable interest within the crypto community due to its capacity to gain market share from established projects. Meanwhile, Jupiter has seen noteworthy activity in the market, currently valued at $1.80 and hitting its all-time peak today at $1.83. SingularityNET recently disclosed a multi-billion dollar merger with Fetch.ai and Ocean Protocol, forming the Artificial Superintelligence Alliance (ASI).
1. Axelar (AXL)
Since its launch last year, Axelar has drawn attention within the crypto community. This attention stems from its ability to capture market share from established projects. Furthermore, the platform seeks to facilitate seamless cross-chain communication through its protocol suite, tools, and APIs. At the time of writing, AXL has a market cap exceeding $1.2 billion and a current price of $2.06.
Moreover, the token’s value has increased by approximately 1.49% intraday, resulting in a 7-day gain of 4.71%. On the daily time frame, the 200-day exponential moving average (EMA) remains below the token’s current price, indicating a bullish sentiment towards AXL.
Furthermore, the Relative Strength Index (RSI) sits at a relatively neutral value of 55, suggesting room for further upside. In addition, Axelar has demonstrated positive performance compared to its token sale price and boasts high liquidity based on its market cap.
Creators of #InterchainTokens travel many paths 🧙
The Axelar devblog now provides a guide to help you choose wisely when creating and managing these natively multichain tokens ⤵️https://t.co/6ym5TSr3tu
— Axelar Network (@axelarnetwork) March 28, 2024
This combination of factors positions Axelar favorably for potential growth in the coming months. With the return of the bull market, further appreciation in Axelar’s value is anticipated, particularly towards the end of the quarter and the beginning of the next.
2. Jupiter (JUP)
The Jupiter token has experienced notable movement in the market. It is currently priced at $1.80 and reached its all-time high today at $1.83. This surge suggests potential for further growth, as the token has surpassed the second resistance level at $1.81, indicating a strong upward trend and potentially attracting more investor attention.
Moreover, market analysts attribute this significant increase to Jupiter’s introduction of its Core Working Group (CWG) budget proposal voting. This unveiling marks substantial progress within the Solana ecosystem. The primary goal is to enhance the ecosystem and support community-driven initiatives.
Furthermore, the proposal seeks to redefine Jupiter’s development path, positioning JUP as the best crypto to buy now. The CWG has developed a detailed funding plan to sustain its operations and drive long-term growth.
We have integrated @Dexlab_official into Jupiter Routing!@Dexlab_official is known for their token minting tool, allowing users to easily create new tokens and provide liquidity for them.
Now you can trade these new tokens and tap into Dexlab's liquidity pools on Jupiter! pic.twitter.com/eCQ3npupuV
— Jupiter 🪐 (@JupiterExchange) April 1, 2024
This plan includes a 12-month budget of $450,000 to cover operational expenses and a 2-year allocation of 4.5 million JUP tokens, vested over the two years. This initiative underscores Jupiter’s dedication to innovation and community involvement, setting a promising course for its future endeavors within the dynamic Solana ecosystem.
3. Smog (SMOG)
Smog is gaining traction within the Solana ecosystem. Its developers position it as a comprehensive solution in the meme coin space, incorporating play-to-earn (P2E) gaming elements and access to an NFT marketplace. As of today, the price of Smog is $0.219661.
#Zealy Season 2 Commencing April 4th, 2024! 🌟
Not only will Season 2 focus on on-chain activity, we’ll also be resetting our @zealy_io leaderboards and introducing brand new Season 2 community quests! 🐉🔥
Giving everyone a chance to earn XP in Season 2. 💪🔥
— SMOG (@SMOGToken) March 15, 2024
This reflects a 23.50% increase in the past 24 hours, with a trading volume of $1.54 million within the same period. As gauged by the Fear & Greed Index, investor sentiment stands at 79. This indicates extreme greed among participants.
However, it’s essential to approach such sentiment metrics cautiously, as they fluctuate rapidly. Currently, Smog is conducting an airdrop, which will conclude in two days, marking the end of Season One. Interestingly, the upcoming Season Two of the airdrop is poised to prioritize on-chain activity.
This indicates a shift towards incentivizing actions like buying, holding, and trading SMOG tokens. Furthermore, the project’s roadmap includes plans for multichain integration. The team aims to broaden its accessibility and utility. Additionally, they intend to pursue listings on various decentralized and centralized exchanges, signaling ambitious growth objectives.
4. SingularityNET (AGIX)
SingularityNET has recently revealed a multi-billion dollar merger with Fetch.ai and Ocean Protocol. This partnership, establishing the Artificial Superintelligence Alliance (ASI), marks a significant moment where AI and blockchain technology intersect.
Under the leadership of SingularityNET CEO Ben Goertzel, the alliance unveiled a strategic plan to deploy the ASI token across multiple blockchain platforms. These include Cardano, Ethereum, Fetch.ai’s native network, and Hypercycle. The aim is to tap into diverse user bases and leverage the strengths of each platform.
This move is crucial for ensuring widespread accessibility and efficient token movement. SingularityNET’s bridge converter on the Cardano network facilitates seamless cross-chain transactions. Potential integrations with platforms like Internet Computers (ICP) are being explored.
The recent surge in the price of SingularityNET’s native token, AGIX, coincides with this development. Trading at $1.22, AGIX has seen a 7-day increase of 7.43%, with a bullish sentiment prevailing in price predictions. The Fear & Greed Index stands at 79, indicating extreme greed among investors.
We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5
— SingularityNET (@SingularityNET) March 27, 2024
Equally, AGIX’s current trading performance is notably robust, standing at 409.00% above the 200-day Simple Moving Average (SMA) of $0.240109. This positive performance, coupled with its high liquidity based on market capitalization, suggests strong market demand. Several factors drive AGIX’s upward trajectory, which may lead to speculation that it could reach new record highs soon.
5. Pendle (PENDLE)
Pendle has introduced an innovative platform facilitating tokenizing and trading future yields through a unique Automated Market Maker. This platform is specifically designed to handle assets that diminish over time. It aims to empower users to manage future yields more effectively by providing choices and leveraging opportunities.
Operating as a central point for yield from Real-World Asset (RWA) protocols on the blockchain, Pendle offers financial solutions like the Reward Asset Financial Product. Its versatile infrastructure allows liquidity providers to generate income across multiple blockchain networks, positioning itself as an indirect representative of the RWA segment.
In recent times, PENDLE has experienced a remarkable surge, with an increase of over 46.75% in the past week and more than 76.20% in the last month. Currently priced at $5.72, it has witnessed a 13.68% increase over the previous 24 hours, indicating a strong bullish momentum.
You've seen how this plays out.
With Zircuit in the mix, here's your chance to snag up some additional Zircuit Points on top of the usual points + miles + yield from rsETH.
A more valuable YT here potentially means a better deal for PT/Fixed APY lovers too, so be sure to keep… pic.twitter.com/VEeuqxNjNp
— Pendle (@pendle_fi) March 28, 2024
Furthermore, PENDLE is trading above its 200-day simple moving average and near its all-time high. Additionally, it boasts high liquidity based on its market capitalization, which currently stands at $1.3 million.
This surge in price makes PENDLE an attractive option for restaking, potentially promising substantial returns in the current month. It occupies the #82 spot on CoinMarketCap, further underlining its growing prominence in the cryptocurrency market.
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