Best Crypto to Buy Now December 10 - Injective, KuCoin Token, Cronos

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‘Best crypto to buy now’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.

In the latest update from the cryptocurrency globe, the total market capitalization currently sits at $1.66 trillion, showing a slight dip of 0.71 % over the past 24 hours. However, the 24-hour trading volume for cryptocurrencies has contracted by -7.60%, settling at $203.83 billion.

Best Crypto to Buy Now

Within the decentralized finance (DeFi) sector, trading activity accounted for $7.05 billion, representing 14.05% of the total cryptocurrency market volume for the given timeframe. The dominance of DeFi in the broader market remains a focal point, indicating a discernible presence in the overall trading landscape.

Stablecoins played a significant role in the market dynamics. The 24-hour volume for stablecoins reached $43.36 billion, constituting a substantial 86.45% share of the total cryptocurrency market volume during this period. This emphasizes the ongoing prominence of stablecoins as a preferred choice for traders seeking a more stable value storage medium.

1. Aptos (APT)

Over the past year, Aptos has seen a significant 70% increase in price by outperforming 64% of the top 100 crypto assets. This positive trend is reinforced by Aptos’s current trading above its 200-day simple moving average. Aptos exhibits commendable performance metrics, showcasing a consistent upward trajectory in price. The asset’s liquidity remains strong, supported by its substantial market cap.

On December 29, 2022, APT hit its lowest price of $3.08 while reaching an all-time high of $19.86 on January 30, 2023. However, the lowest price since the cycle peak was $4.72, with the highest post-cycle low at $8.80. The prevailing sentiment regarding APT’s price prediction is bullish, in line with a Fear & Greed Index reading of 74 (Greed).

Additionally, Aptos currently has 279.02 million APT out of a maximum supply of 1.00 billion APT. The yearly supply inflation rate is 114.63%, creating 149.02 million APT over the past year. Within the Layer 1 sector, Aptos holds the 22nd position in market capitalization.

2. KuCoin Token (KCS)

KuCoin Token (KCS) has demonstrated noteworthy growth, with its price increasing by 47%. This positive trajectory positions KCS favorably compared to 54% of the top 100 crypto assets during the same period. Furthermore, KuCoin Token peaked on December 1, 2021, hitting an all-time high of $28.79.

Out of a total supply of 171.25 million KCS, 80.12 million KCS are currently in circulation. The market sentiment is currently bullish, with the Fear & Greed Index registering at 74(Greed). KCS holds the #7 rank in the Exchange Tokens sector and #23 in the Ethereum (ERC20) Tokens sector based on market capitalization.

Additionally, KCS has seen 18 green days, constituting 60% of the observed period, in the last 30 days. The current market position is near the cycle high, reflecting ongoing strength in the token’s valuation.

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— KuCoin Labs (@KCLabsOfficial) December 10, 2023

Technically, KCS is trading above the 200-day simple moving average, a key indicator of positive market momentum. The token has shown consistent positive performance relative to its initial sale price, underscoring its resilience in the market.

3. Cronos (CRO)

Will CRO remain among the best crypto to buy now? Cronos has experienced a notable 62% price increase over the past year, surpassing 61% of the top 100 crypto assets. Currently, it is trading above the 200-day simple moving average. The last 30 days saw 16 positive sessions, constituting 53% of the observed period.

Additionally, Cronos peaked on November 24, 2021, at an all-time high of $0.959822, while its lowest point was recorded on December 17, 2018, at $0.011508. The lowest price post-all-time high was $0.048820, and the highest has reached $0.120785 since then. The prevailing sentiment is bullish, and the Fear & Greed Index stands at 74, indicating a level of greed in the market.

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A total number of 25.26 billion CRO circulates out of a maximum supply of 30.26 billion CRO. It ranks fifth in the Exchange Tokens sector and ninth in Ethereum (ERC20) Tokens based on market capitalization.

4. Bitcoin ETF Token (BTCETF)

The Bitcoin ETF Token has attracted considerable investor attention for its distinct strategy. This strategy capitalizes on the potential approval of a Bitcoin Exchange-Traded Fund (ETF). This project aims to simplify investor participation in the anticipated ETF development by consolidating it into a single token.

According to industry experts, the approval of a Bitcoin ETF could potentially increase the value of Bitcoin by 1-3 times its current price. The BTCETF Token stands out by honing in on the ETF approval process, suggesting the possibility of higher returns, given its comparatively smaller market capitalization.

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— BTCETF_Token (@BTCETF_Token) December 9, 2023

Having raised $3,379,002.58 out of its $3,957,930 funding goal, the project showcases substantial interest from potential buyers. The token is currently priced at $0.0066 per unit. This mounting investor attention positions the BTCETF Token as the best cryptocurrency to buy now.

5. Injective (INJ)

Injective have undergone a substantial price surge, witnessing an impressive 1,029% increase over the past year. This places it in a favorable position, outperforming 97% of the top 100 crypto assets during this period. The current circulating supply is 83.76 million INJ out of a maximum supply of 100 million INJ.

Additionally, a yearly supply inflation rate of 14.72% created 10.75 million INJ in the last year. Within the decentralized finance (DeFi) sector, Injective holds the sixth position by market capitalization. Moreover, it secures the fourth position in the Layer 2 sector and the third in the AI Crypto sector.

Notably, it has outperformed Bitcoin and Ethereum, consistently trading above the 200-day simple moving average. The positive performance compared to its token sale price further solidifies its standing.

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— Injective 🥷 (@injective) December 8, 2023

Examining historical price points, Injective climaxed on April 30, 2021, at $24.91, while its lowest recorded price occurred on October 29, 2020, at $0.664050. Since its all-time high, the price has fluctuated, with the cycle low at $1.125880 and the cycle high at $20.43.

The sentiment in the Injective price prediction leans bullish, in line with a Fear & Greed Index reading of 74 (Greed). Injective’s performance metrics, including price trends, market capitalization rankings, and supply dynamics, highlight its significant standing in cryptocurrency.