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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.
With the current crypto market activity, investors seek coins with the potential for substantial gains. The multitude of options complicates informed investment decisions. Nonetheless, this article examines several tokens poised for significant future growth.
Best Crypto to Buy Now
Render surged by 45% last month, rising from $7.33 to $11.36. Furthermore, NEAR saw a 7.44% increase in its intraday trading price, with overall bullish sentiment. Dogecoin20 successfully completed its Initial Coin Offering (ICO), amassing over $10 million. Meanwhile, the newly launched meme coin CHUCK, built on the Ethereum blockchain, experienced a remarkable surge in value, skyrocketing by a staggering 25,800%.
1. Render (RNDR)
Render has recently attracted attention as the AI market continues to expand. Over the past month, its price has surged by an impressive 45%, climbing from $7.33 to $11.36. This surge has propelled Render’s market cap from $2.72 billion to $3.74 billion.
Technical analysis of Render leans towards a bullish sentiment. The cryptocurrency currently trades above its 50-day and 100-day Exponential Moving Averages (EMAs). Furthermore, more than 26 technical indicators for RNDR are signaling positive momentum. Moreover, experts in the market have made optimistic predictions for Render’s price. They forecast it to reach $14.99 within the second quarter of 2024.
30M $RNDR have been upgraded to $RENDER! https://t.co/7TtzBvac8Y
— The Render Network (@rendernetwork) March 28, 2024
Render has shown remarkable performance over the past year, with its price skyrocketing by 652%. This growth outpaced 89% of the top 100 crypto assets, including Bitcoin and Ethereum. Additionally, Render is trading above its 200-day Simple Moving Average (SMA) and is hovering near its cycle high.
This indicates strong market sentiment and suggests potential further upside. Furthermore, Render boasts high liquidity based on its substantial market capitalization, which enhances its attractiveness to investors.
2. NEAR Protocol (NEAR)
NEAR Protocol has recently caught the attention of investors due to its user-friendly and scalable blockchain technology. Positioned as a layer 1 blockchain, the token distinguishes itself by conducting its operations environmentally friendly, striving for CO2 neutrality.
Furthermore, NEAR experienced a 7.44% increase in its intraday trading price, and its overall sentiment remains bullish. Over the past seven days, it has seen an 8.17% decline. However, this setback hasn’t deterred optimism.
This is reflected by the Fear & Greed Index, which currently is 71, indicating a state of greed among investors. At the time of writing, the token is trading at $6.23, demonstrating stability by maintaining a position above the 200-day simple moving average. This indicates a potentially positive trend.
Welcome to the NEAR Ecosystem, @edgevideoai 🤌
From AI powered interactive streaming with Edge to full fledged user owned AI, they'll all call NEAR their home. https://t.co/68tCQ32y8U
— NEAR Protocol (@NEARProtocol) March 30, 2024
Additionally, its high liquidity, driven by a substantial market cap, also suggests a robust trading environment. NEAR Protocol has grown substantially, with its price surging by 254% over the past year, placing it ahead of 71% of the top 100 crypto assets.
3. Dogecoin20 (DOGE20)
Dogecoin20 has completed its Initial Coin Offering (ICO), raising over $10 million. This achievement comes amid the ongoing popularity of meme coins in the first quarter of 2024. The project has set April 20th, 2024, as the date for its token distribution.
This date, dubbed “DOGE Day,” is a nod to Dogecoin’s playful origins and the iconic 420 meme. Furthermore, DOGE20 is based on the Ethereum blockchain as an ERC-20 token and aims to be an upgraded version of Dogecoin. It promises enhanced features and a new staking infrastructure for passive income.
Getting ready for the ultimate #DOGE upgrade! 🛠️
We're propelling @elonmusk’s beloved #Memecoin towards a greener horizon. 🌿
Diving into the possibility of staking #DOGE20 and reaping environmentally-friendly rewards. 💸🌍 pic.twitter.com/zMino37jCV
— Dogecoin20 (@DOGE_COIN20) March 22, 2024
With a maximum circulating supply of 140 billion tokens, DOGE20 intends to address the issue of infinite inflation dynamics present in Dogecoin. The project’s tokenomics structure allocates 25% to the presale, 25% for marketing, 25% for the treasury, 15% for staking rewards, and 10% for liquidity on decentralized exchanges.
Moreover, investors can purchase DOGE20 tokens at $0.00022 before the planned launch on Uniswap, a decentralized exchange platform. The success of DOGE20’s presale and its engagement with the meme coin and Dogecoin communities show promise. However, the team’s ability to fulfill its promises, sustain momentum, and attract a broader audience will determine its long-term success.
4. Flare (FLR)
Flare’s price has surged by over 20% in the past day, followed by a 270% increase in trading volume. Spot market and futures traders have contributed to this uptick, which coincides with the release of Flare Network’s updated protocol, FTSOv2.
Furthermore, FLR’s price surge can be traced back to mid-February, when Flare Network’s co-founder, Hugo Philion, announced the potential integration of Flare with XRP’s FXRP asset. This announcement initially drove FLR’s price up by more than 75% in the following days. The upgraded oracle in the FTSOv2 update enables decentralized application (dApp) developers to access a broader range of data feeds.
Moreover, up to a thousand feeds are available in every block within 1-2 seconds, laying the groundwork for Flare’s vision of incorporating data into the Blockchain. Key improvements in the FTSOv2 update include increased data streams, enhanced update frequency, and expanded data features, including assets like stocks and commodities.
New quest unlocked 🔓
The upgrade of Flare Time Series Oracle (FTSOv2) will mark a key milestone for @FlareNetworks becoming the Blockchain for Data.
Join our latest quest powered by @Galxe to celebrate another big step on #ShipEverything2024 ⤵️ https://t.co/jcrdqSOGoR https://t.co/n9UduWz2rd
— Flare ☀️ (@FlareNetworks) April 2, 2024
The current upward trend in FLR’s price reflects the market’s positive response to the developments in the Flare Network. Currently, FLR is trading at $0.045, marking a substantial rise of 30.61% in 24 hours. The increased trading volume and a rise in open interest in FLR futures highlight the growing interest and activity surrounding FLR.
FLR is currently trading above the 200-day simple moving average, indicating a bullish sentiment in the market. It also boasts high liquidity based on its market cap. In addition, the Flare price prediction sentiment is bullish, while the Fear & Greed Index shows a value of 71, indicating greed among investors.
5. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) has shown resilience and growth amid market fluctuations, raising discussions about its potential climb beyond $600 this quarter. The anticipation surrounding Bitcoin Cash’s imminent network upgrade has fueled a significant price rally.
However, it rebounded impressively by 58.4%, reaching $569.16 towards the end of March. Currently trading at $605.40, with an intraday increase of 1.87%, BCH is trading above the 200-day simple moving average. Over the last 30 days, it has had 18 green days, indicating a 60% positive trend.
Furthermore, the investment community has shown interest in Bitcoin Cash, with open interest exceeding $700 million, the highest level in three years. Analysts are optimistic about BCH’s growth prospects post-network hard fork, forecasting a potential 13.3% increase in its value to $644.87.
Since hitting a low of $90 in June 2023, BCH has seen a steady uptrend. It has broken through critical resistance levels to achieve its current standing. This upward movement is supported by bullish indicators, suggesting that Bitcoin Cash’s rally could extend beyond the anticipated milestones.
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