Best Crypto to Buy Now December 2 - MultiversX, GMX, Gnosis

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We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days.

Bitcoin, the leading cryptocurrency, currently dominates at 51.96%, experiencing a slight decrease of 0.10% within the day. This metric indicates Bitcoin’s relative share of the entire cryptocurrency market.

Best Crypto to Buy Now

The total intraday trading volume in the cryptocurrency market dipped by 16.67%, reaching $39.99 billion. Within this landscape, the decentralized finance (DeFi) sector contributed $4.58 billion, making up 11.46% of the overall crypto market activity. Notably, stablecoins played a significant role, representing $35.92 billion or 89.82% of the total 24-hour crypto market volume.

1. Gnosis (GNO)

Gnosis (GNO) has showcased a noteworthy trajectory in recent market developments. On November 8, 2021, it reached its all-time high at $644.58. On March 13, 2020, it recorded its all-time low at $7.22. Since the last cycle low, it established a price floor of $77.08 and peaked at $212.88 as the cycle high.

Market sentiment surrounding Gnosis is bullish, coinciding with a Fear & Greed Index reading of 74 (Greed). GNO’s circulating supply is 2.59 million out of a maximum supply of 3.00 million, with a modest yearly supply inflation rate of 0.39%. In the past year, 10,001 GNO were created.

Gnosis holds the 14th position in the DeFi Coins sector and 28th in the Ethereum (ERC20) Tokens sector. Over the last year, GNO has seen a commendable 124% increase in price, outperforming 79% of the top 100 crypto assets. The asset trades above the 200-day simple moving average and has shown 17 green days in the last 30 days, constituting 57% of the observed period.

Forget elf on the shelf, GNO is on the go!🦉

Join us at our Christmas edition of the Gnosis Ethereum Meetup in Lisbon, where experts and enthusiasts discuss Ethereum developments and look into the best new projects in town.

Space is limited so register as soon as possible!… pic.twitter.com/FlPUKj8eAY

— GnosisDAO (@GnosisDAO) November 27, 2023

It’s worth noting that Gnosis is presently trading near its cycle high, reflecting a positive trend. The yearly inflation rate remains conservative at 0.39%, highlighting the project’s stability. Gnosis maintains a significant position in the DeFi Coins and Ethereum (ERC20) Tokens sectors as the cryptocurrency landscape evolves.

2. GMX (GMX)

In recent market developments, GMX has witnessed significant price fluctuations, reaching its pinnacle on April 18, 2023, at an all-time high of $91.16. It hit its lowest point on June 15, 2022, plummeting to an all-time low of $11.61. Notably, the cryptocurrency’s price has rebounded from its cycle low and currently stands at $28.70.

GMX maintains a neutral sentiment in its price prediction, while the Fear & Greed Index registers at 74 (Greed). Analyzing the circulating supply, GMX currently boasts 9.25 million tokens out of a maximum supply of 8.65 million. The yearly supply inflation rate is 15.75%, creating 1.26 million GMX in the last year.

GMX now provides real-time price updates and faster on-chain execution speed due to integrating @Chainlink Data Streams.

Moreover, trading fees on @Arbitrum have been lowered to ~0.015%, comparable to leading CEX's VIP tiers — but available to *ALL* #DeFi traders instead.

1/2 https://t.co/a5inspVyt5

— GMX 🫐 (@GMX_IO) November 20, 2023

GMX holds the 10th position in Exchange Tokens and 6th in the Layer 2 sector by market cap. It’s important to note that GMX maintains a position above the 200-day simple moving average, indicating a positive trend. Moreover, the project demonstrates high liquidity based on its market cap.

GMX has demonstrated remarkable resilience in its recent price movements, market sentiment, and key metrics. These factors collectively position GMX as the best crypto to buy now. Investors and observers may find value in the project’s consistent performance, liquidity, and position in key market sectors.

3. yPredict (YPRED)

YPRED, a platform that leverages AI tools to enhance trading strategies, is gaining traction as a decentralized alternative to traditional prediction markets. Fueled by the YPRED token on the Ethereum blockchain, the platform strongly emphasizes security and transparency.

🚀 Exciting News in the Crypto Space! 🌐 Investors are buzzing around yPredict (YPRED) as its presale approaches the finish line, having raised a staggering $5 million! 📈🚀

🤖 yPredict is set to revolutionize crypto analytics, making advanced insights accessible to all traders… pic.twitter.com/P9nr3OGvmx

— yPredict.ai (@yPredict_ai) November 25, 2023

At its core, YPRED aims to provide users with a decentralized alternative to conventional prediction markets. Using smart contracts, users can use prediction markets covering various topics, including politics, business, and sports. One standout feature of the platform is social trading, allowing users to observe and replicate the strategies of experienced traders.

This feature empowers users, enabling them to improve their trading decisions by learning from successful counterparts. The yPredict ecosystem includes notable components such as market forecasts, an analytical dashboard, a dedicated trading terminal, and a specialized marketplace for predictive models.

The crypto community has shown significant interest in yPredict, contributing to $5,107,206.04 raised during the presale. The project is steadily progressing toward its fundraising goal of $6,507,551.25.

Currently priced at $0.11, YPRED is set to be listed at $0.12. Interested investors are encouraged to consider participation before the presale concludes. The platform’s success lies in its commitment to innovation and the integration of AI tools, providing traders with a comprehensive ecosystem to optimize their strategies.

Visit yPredict.

4. NEAR Protocol (NEAR)

NEAR Protocol has seen a noteworthy 11% increase in its price over the past year. It is consistently trading above the 200-day simple moving average. In the last 30 days, positive market performance has been evident, with 17 green days constituting 57% of the observed period.

NEAR peaked on January 16, 2022, hitting an all-time high of $20.42, while its lowest point was recorded on November 4, 2020, at $0.526680. Since the all-time high, the lowest price registered stands at $0.972014, marking the cycle low. The highest observed price since this low point is $2.18, constituting the cycle high.

One small step for man, one giant leap for the open web.

NEAR is on track to deliver the future of the open web. A future where the internet works for you. Where you're in control. Where you're no longer just the product for big tech giants.

Developers, builders, founders,… pic.twitter.com/64plhUm7hO

— NEAR Protocol (@NEARProtocol) November 30, 2023

Current market sentiment is bullish for NEAR Protocol, aligning with a Fear & Greed Index of 74 (Greed). The protocol’s circulating supply is 1.00 billion NEAR out of a maximum supply of 1.00 billion NEAR. In the Layer 1 sector, NEAR Protocol currently holds the 23rd position based on market cap.NEAR Protocol has seen a noteworthy 11% increase in its price over the past year.

5. MultiversX (EGLD)

MultiversX (EGLD) has undergone significant price fluctuations over the past year in the ever-evolving realm of cryptocurrency. Achieving its pinnacle on November 23, 2021, at $541.18, it hit its lowest point on October 7, 2020, bottoming out at $6.52. Following its all-time high, EGLD experienced a cycle low of $22.29, indicating a fluctuating trajectory.

Presently, market sentiment surrounding MultiversX (EGLD) leans towards the bullish, reflecting an optimistic outlook among investors. This sentiment aligns with a Fear & Greed Index reading 74, denoting a prevailing sense of greed in the market.

Over the past year, MultiversX has demonstrated a 6% increase in its price. Significantly, the token is trading above its 200-day simple moving average, signaling a positive trend in its performance. Compared to its token sale price, the project has showcased favorable results.

Big step in progressive decentralization.

Beginning today, the #MultiversX community decides on every significant protocol-level change.

Voting for the Sirius upgrade is now LIVE 🟢

Perhaps the most feature-rich since SCs & tokens. Have your say: https://t.co/TqPCAIFOIH pic.twitter.com/vwOAXtdciL

— MultiversX (@MultiversX) November 23, 2023

Examining the last 30 days, EGLD boasts 15 green days, constituting 50% of the observed period. This consistent positive trend underscores the resilience and stability of the token within the market.

Noteworthy for its high liquidity, MultiversX (Elrond) is positioned as #28 in the Layer 1 sector, with a circulating supply of 23.74 million EGLD out of a maximum supply of 31.42 million EGLD. The project’s current market standing, marked by its ranking and liquidity, underscores its position within the Layer 1 sector.