Best Crypto to Buy Now December 19 - Blur, Render, Launchpad XYZ

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Each day, we review some picks for the best cryptos to buy now, based on the latest market movements, blockchain news and trending narratives.

The volume within the DeFi sector constitutes $6.74 billion, representing approximately 11.39% of the total crypto market volume. Meanwhile, stablecoins contribute significantly, comprising $53.24 billion, or roughly 90.04% of the 24-hour crypto market volume. Bitcoin’s dominance currently registers at 52.23%, marking a modest increase of 0.13% over the day.

Best Crypto to Buy Now

In preparation for the 2024 United States elections, the Fairshake political action committee (PAC) has garnered substantial financial support of $78 million. This backing stems from influential figures and firms within the crypto and blockchain industries.

The intended purpose of this significant financial support is to advocate for candidates aligned with advancing American crypto. It also trickles into blockchain innovation while emphasizing the importance of responsible regulation.

1. Fetch.ai (FET)

Fetch.ai and SingularityNET are teaming up to tackle issues with large language models (LLMs). LLMs tend to generate weird and unreliable outputs, known as “hallucinations,” and struggle with complicated reasoning tasks. The plan is to launch new products in 2024 to address these challenges.

They also plan to use their decentralized AI platforms to make more dependable models and better reasoning. The problem with LLMs hallucinating is that it messes up AI applications, causing concerns about false information. Also, LLMs are not as good as humans when figuring out complex problems.

This limits their use in planning and data analysis. Fetch.ai and SingularityNET want to fix these issues by letting developers use traditional programming languages and simple APIs. They aim to create a developer interface that connects users to services powered by agents from both platforms.

As a result of this integration, Fetch.ai has recently shown impressive numbers. It has done better than 94% of the top 100 cryptocurrencies, beating out Bitcoin and Ethereum. The price increased by 734% last year, and it’s been trading above the 200-day simple moving average.

Earlier this week we announced we've strategically partnered with @SingularityNET to tackle some of #AI's biggest challenges! 🤖

This partnership focuses on overcoming #LLM hallucinations and enhancing multi-step reasoning 💡

Read all of the details 👇https://t.co/2WWukiqqH0

— Fetch.ai (@Fetch_ai) December 17, 2023

In the last 30 days, 17 days were positive, making up 57% of the time. The sentiment is positive, with a Fear & Greed Index showing 73 (Greed).

2. Blur (BLUR)

Blur has been trading consistently above the 200-day moving average, showing stability. It currently ranks 8th in the Meme Coins sector, with a circulating supply of 390.26 million BLUR out of 3.00 billion BLUR.

In the last 30 days, Blur had 16 green days, making up 53% of its recent trades. This suggests a generally positive trend. Also, the project has high liquidity, indicated by its market capitalization.

Additionally, Blur hit an all-time high of $0.682228 but experienced a low point at $0.152774. The sentiment around Blur is neutral, and the Fear & Greed Index sits at 73 (Greed).

The price history shows highs and lows, emphasizing the market’s volatility. The current sentiment is neutral, with investors moderately optimistic. As with any investment, thorough research and consideration of various factors are recommended before making decisions.

3. Render (RNDR)

Render has shown strong performance in the past year. Its market cap indicates good liquidity, and the price has shot up 874% in the last 12 months. This growth beats out 96% of other top cryptocurrencies, including Bitcoin and Ethereum.

Additionally, Render is trading above its 200-day average, a positive sign for sustained momentum. Over the last 30 days, it had 17 green days, making up 57% of that period. People seem optimistic about Render Token’s future price, with a bullish sentiment and a Greed Index at 73.

Today's BTN explores the work of prolific 3D artist, @DavidAriew!

David discusses his journey into immersive digital art, showcasing recent pieces made on @rendernetwork exhibited @DigitalArtFair Hong Kong and auctioned @phillipsauction

Check it out! 🔥https://t.co/E6Hn4HU5Gi

— The Render Network (@rendernetwork) December 16, 2023

Moreover, there are 369.61 million RNDR tokens out of a max of 536.87 million RNDR. The yearly inflation rate is 45.63%, creating 115.82 million RNDR in the last year. RNDR ranks 13th by market cap and 3rd in the AI Crypto sector. These rankings give a sense of its position in the broader cryptocurrency scene.

4. Sui (SUI)

Sui’s price is $0.630079, with a market cap of $651.04 million. The coin has shown a positive trend, trading above its 200-day simple moving average. Moreover, it has experienced an 8.33% increase in the last 24 hours, contributing to its ongoing performance.

Analyzing its recent history, Sui Crypto has seen 16 green days within the past month, indicating a 53% positive performance. Additionally, it maintains high liquidity based on its market cap. Despite reaching an all-time high of $1.839970 on May 3, 2023, the coin’s value has fluctuated. Furthermore, it reached a low of $0.363263 following the peak.

Regarding market sentiment, the current prediction for Sui Crypto leans bearish. Meanwhile, the Fear & Greed Index stands at 73, suggesting moderate greed within the market.

Regarding supply dynamics, Sui Crypto has a circulating supply of 1.03 billion out of a maximum supply of 10 billion. This places the coin at #43 in the Layer 1 sector by market cap.

📧 With zkSend, sending SUI is as easy as sending an email.@EmanAbio shares why reducing the complexity of crypto is key to mass adoption in his interview with @TheBlock__https://t.co/kjFrY7IBYg

— Sui (@SuiNetwork) December 16, 2023

Projections indicate an anticipated maximum price of around $7.68 and an average price of $6.78 by the end of 2023. This projection is based on the assumption that the overall crypto market shows signs of recovery. However, in the event of a significant bearish trend, the minimum expected price could reach $5.87 by the same year.

5. Launchpad XYZ (LPX)

Launchpad XYZ is a comprehensive platform within the Web 3.0 investment sector, offering various products such as utility tokens, NFTs, and ICOs. Their primary focus revolves around simplifying the Web 3.0 experience for investors, regardless of their expertise, through their ecosystem.

At the core of Launchpad XYZ’s strategy lies providing in-depth analysis, insights, sentiment evaluation, and data. The overarching goal is to equip crypto investors with valuable information to aid their decision-making processes.

🌉 Cross-chain interoperability allows different blockchains to interact.

It's a key factor for broader adoption and expands possibilities in #Crypto .#Blockchain #Web3 #Bullish #Alts pic.twitter.com/hIzJtwxwM2

— Launchpad.xyz (@launchpadlpx) December 19, 2023

The native token within the Launchpad XYZ ecosystem is LPX, serving multiple functions, particularly for users staking a minimum of 10,000 LPX tokens. These stakeholders gain access to premium features, such as reduced trading fees on the Launchpad XYZ decentralized exchange.

Moreover, LPX token holders enjoy privileges like guaranteed access to new NFT mints at competitive prices, early access to exclusive presales, and discounts on Launchpad XYZ partner products and services. Additionally, holding at least 10,000 LPX tokens grants early-bird access to beta versions of play-to-earn games. This enables users to track game development and make informed decisions regarding in-game crypto tokens.

Launchpad XYZ is developing a decentralized exchange (DEX) for basic exchanges and specific perpetual contracts. This development aims to facilitate leverage and short sales for traders. Consequently, LPX token holders are poised to benefit from reduced trading fees on the Launchpad XYZ exchange, potentially augmenting the utility and value of LPX tokens.

The LPX token has shown traction and success, potentially attracting crypto investors. Notably, the ongoing 10% bonus offers LPX tokens at a current price of $0.0445 per token, with a listing price of $0.0565.