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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.
As of December 20, prospective crypto investors are eyeing promising options in TG.Casino, Fantom, and Synthetix. With each exhibiting unique strengths, from decentralized gaming to blockchain infrastructure and synthetic assets, these cryptocurrencies offer compelling opportunities for those navigating the dynamic landscape of digital assets.
Best Crypto to Buy Now
Foresight Ventures, a Singapore-based venture capital firm, has announced the launch of its third accelerator program. It is earmarking $10 million to champion blockchain and Web3 innovation. The firm outlined the program’s primary focus on companies specializing in artificial intelligence, Bitcoin Ordinals, and direct-to-consumer protocols.
Interested startups have until January 15, 2024, to submit their applications, with the potential to secure initial funding ranging from $200,000 to $500,000. Additionally, the initiative offers accepted companies access to mentorship and participation in an offline demo day. Acknowledging the current surge in liquidity within the Web3 ecosystem, the firm noted increased deal flow for startups.
1. Internet Computer (ICP)
The DFINITY Foundation has launched a European subnet on the Internet Computer Protocol (ICP). It aims to offer a GDPR-aligned infrastructure for decentralized apps (dApps). ICP allows developers to create and run services directly on a public blockchain network with remarkable scalability.
🆕 Strategic partnership between #ICP, @gaudiknowledge and The Moon Labs 🏰✨
Prepare to witness the fusion of Gaudi's timeless architecture, arts, and unfinished design blueprints brought to life in the Metaverse on ICP
More from @ICPhubkorea : https://t.co/MkyySqGWuk pic.twitter.com/9Iqbu7CXkP
— DFINITY (@dfinity) December 15, 2023
The introduction of this new infrastructure equips developers on the subnet with tools to deploy dApps in the European market. Moreover, it emphasizes the protection of personal and financial data in line with established regulatory practices. Uniquely, the European subnet is geographically confined, ensuring that all nodes reside within the EU.
This development contributes to an uptrend in performance metrics, with 18 out of the last 30 days being green. Additionally, Internet Computer has high liquidity based on market cap. Currently, 452.87 million ICP are in circulation out of a maximum of 488.51 million.
In the Layer 1 sector market cap rankings, Internet Computer holds the 14th position. The sentiment analysis is bullish for Internet Computer’s price prediction, with a Fear & Greed Index at 74, indicating a market sentiment of greed.
2. Synthetix (SNX)
Can Synthetix maintain its position as the best cryptocurrency to buy now? Over the past year, Synthetix has demonstrated resilience with an impressive 135% price surge. SNX boasts a robust market position characterized by high liquidity.
Additionally, the circulating supply of SNX is 114.84 million SNX out of a maximum of 212.42 million SNX. It is outperforming 70% of the top 100 crypto assets. Significantly, the token has consistently traded above its 200-day simple moving average, indicating a sustained positive trend.
Market activity reveals Synthetix’s positive momentum, with 16 green days in the last 30 days, constituting 53% of the period. This aligns with the project’s commendable performance relative to its token sale price. Moreover, Synthetix ranks 15th in the DeFi Coins sector and 4th in the Yield Farming sector.
The staking sites are currently in working condition. Users are encouraged to utilize them.
Keep in mind that wallet-connect and ledger-connect features are still currently disabled. https://t.co/sIG1yL0Hgx
— Synthetix ⚔️ (@synthetix_io) December 15, 2023
It also ranks 37th in the Ethereum (ERC20) Tokens sector and 7th in the Layer 2 sector. Taking a sentiment-based approach, the current Synthetix price prediction sentiment is neutrally positioned. This sentiment is confirmed by a Fear & Greed Index reading of 74, signaling a state of greed in the market.
3. TG.Casino (TGC)
TG.Casino has initiated its presale, garnering notable attention and support from the crypto community. The project has achieved a commendable milestone by raising over $4,886,472, a significant stride towards its goal of $5,000,000. This robust financial backing signals a strong vote of confidence from investors and enthusiasts alike.
The $TGC Token has gained recognition for its unique, innovative staking and buyback mechanisms. One distinctive feature is the provision of a 25% cashback on losses incurred during betting activities. This dual-purpose strategy aims to increase staking rewards for participants and reduce the overall token supply.
As we near closer to the FINAL GOAL in the $TGC presale, we take another look at our roadmap🛣️
We've still got BIG things coming! pic.twitter.com/jqvcVfLuL2
— TG Casino (@TGCasino_) December 19, 2023
The goal is to elevate the intrinsic value of TGC tokens, a plan to unfold as TG.Casino gains traction and generates heightened revenue. Market analysts and crypto experts closely monitor the unfolding narrative. They observe how these staking and buyback mechanisms will influence the intricate dynamics of TGC’s supply and demand.
However, the incentive is for participants, who can earn an Annual Percentage Yield (APY) of 1,500% on their TGC tokens. Beyond this, early investors are promised exclusive rewards, adding an extra layer of encouragement and fostering a sense of community involvement.
In summary, TG.Casino has positioned itself as noteworthy with its staking and buyback strategies. These distinctive features offer a fresh perspective on staking rewards and token value. It has also succeeded in capturing the attention and interest of the broader crypto community.
4. Fantom (FTM)
Fantom currently has 2.80 billion FTM in circulation out of a maximum supply of 3.18 billion FTM. Over the past year, they’ve created 258.63 million FTM, leading to a 10.16% yearly supply inflation rate.
Moreover, the price of Fantom has risen by 107% in the last year, outperforming 62% of the top 100 cryptocurrencies. It consistently trades above the 200-day simple moving average, indicating a positive trend. Compared to its token sale price, Fantom has shown positive performance.
Introducing the third of four fantastic Sonic Labs mentors, @KemarTiti!
We asked Marc from @PythNetwork a few questions about himself and what he's bringing to the Sonic Labs teams as a mentor 👇
Can you share a bit about yourself?
I’m 26 years old with a business bachelor… pic.twitter.com/OtEbfrZnKe
— Fantom Foundation (@FantomFDN) December 15, 2023
Fantom has had 16 green days in the last 30 days, representing 53% of the observed period. The project also maintains high liquidity relative to its market capitalization. However, among DeFi Coins, Fantom ranks 9th and 32nd in the Layer 1 sector.
5. Arweave (AR)
Arweave has been gaining attention for its innovative approach that offers long-term storage at a fixed cost. This unique feature positions Arweave as the best crypto to buy now. Moreover, it’s worth noting that Arweave is currently trading above the 200-day moving average.
Furthermore, the upbeat performance relative to its initial token sale price shows that Arweave is a potentially valuable investment option. Over the past year, Arweave has experienced a notable 19% increase in its token price.
AR has witnessed an annual supply inflation rate of 96%, creating 32.06 million AR in the past year. Additionally, Arweave currently holds the 45th position in the Layer 1 sector.
In conclusion, Arweave’s data storage approach and market performance make it an intriguing option for cryptocurrency investors. However, as with any investment, it is crucial to conduct thorough research, consider market conditions, and assess various factors before making informed decisions.
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