Best Crypto to Buy Now December 21 - XRP, Cosmos, Kava

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‘What is the best crypto to buy right now?’ is a common question asked by investors – in this article, we explore a range of tokens to watch.

Identifying the most promising assets can be a game-changer for investors. Prominent cryptocurrencies, including XRP, Cosmos, and Kava, offer unique potential, market trends, and unique features. These offerings position them as compelling options for investment in the current crypto sphere.

Best Crypto to Buy Now

Furthermore, each brings strengths and opportunities, catering to different aspects of the burgeoning digital asset market. Against the backdrop of a sustained upward trajectory in the cryptocurrency market, the shares of Coinbase Global (NASDAQ: COIN) have witnessed a remarkable surge of 375% this year.

This surge can be attributed primarily to the positive shift in sentiment surrounding cryptocurrencies in general and its subsequent impact on trading volumes on the Coinbase platform. The correlation is that heightened crypto trading activities translate to increased revenue for Coinbase.

Moreover, the impressive performance of Coinbase’s stock reflects the growing confidence and interest in the broader cryptocurrency market. The platform’s fortunes appear closely tied to the evolving perceptions of digital assets. As sentiment improves, it acts as a catalyst for heightened trading.

1. XRP (XRP)

XRP has experienced an uptrend in the past year, reaching a noteworthy 81% increase in price. It has positioned itself favorably in the cryptocurrency market. This places it ahead of 52% of the top 100 crypto assets, showcasing relative strength against its peers.

From a technical standpoint, XRP trades above its 200-day simple moving average, indicating a positive trend. Additionally, the cryptocurrency has demonstrated consistent positive momentum, with 18 green days in the last 30 days.

One of the strengths of XRP lies in its liquidity, substantiated by its market capitalization. Currently, XRP holds the fifth position in the Layer 1 sector based on market cap, highlighting its significance within the broader crypto landscape.

Examining the supply dynamics, XRP’s circulating supply stands at 54.01 billion out of a maximum supply of 100 billion. The yearly supply inflation rate is 7.45%, with 3.75 billion XRP created last year. Understanding these supply metrics provides valuable context for evaluating the token’s market dynamics.

#2024Predictions — We've asked leaders at Ripple to weigh in on what they think 2024 holds. Today we continue with @MonicaLongSF. pic.twitter.com/IxPOgD22XG

— Ripple (@Ripple) December 19, 2023

Moreover, sentiment analysis suggests a bullish outlook for XRP. This positive sentiment aligns with a Fear & Greed Index reading of 70, indicating a state of “Greed” among market participants. Considering technical and sentiment indicators is essential when forming a comprehensive view of the cryptocurrency’s performance.

2. Kava (KAVA)

Kava 15 mainnet was recently launched, making a significant change by permanently reducing KAVA inflation to zero at midnight on December 31st. The circulating KAVA supply has been capped at the Max Supply KAVA, with no provision for creating new KAVA coins.

After December 31st, Kava’s operations will work in a way that’s good for the long run. It will rely on transaction fees, earnings from native projects, and support from the Kava Foundation. This new system aims to keep and create more KAVA through on-chain activities.

The Kava community can either eliminate the extra KAVA or use it to help more people join, improve security, and make the network more decentralized. Now, the market seems to like what Kava is doing. The Fear & Greed Index is at 70 (Greed), a positive sign.

#KAVA is set to be the first widely adopted Proof of Stake (PoS) blockchain to have zero inflation. No new $KAVA coins can be created. KAVA coins can only be burned 🔥

Learn more 👇 https://t.co/cjOssvjXA0

— Kava (@KAVA_CHAIN) December 12, 2023

Kava’s price is also doing well, trading higher than the average over the past 200 days. Currently, 1.05 billion KAVA coins are circulating out of 324.13 million KAVA. Based on its market cap, Kava ranks 10th in the DeFi Coins group and 39th in the Layer 1 group.

3. Meme Kombat (MK)

Meme Kombat is making waves in cryptocurrency, raising $4,020,030.59 in its ongoing presale toward a $5,000,000.00 goal. The project, designed for gaming enthusiasts, stands out for its unique combination of staking and betting features. This offers users different ways to interact with the platform and earn rewards.

🥊 MAJOR MILESTONE 🥊

We reached $4 million raised in the $MK presale🚀

Congratulations fighters! pic.twitter.com/qkHtTP7z9F

— Meme Kombat (@Meme_Kombat) December 21, 2023

In the current presale, 50% of MK tokens are available at $0.246 each, with a set cap of $10 million. This two-in-one approach, blending staking and betting, adds value to MK tokens for users. Moreover, Meme Kombat plans to list its tokens on a decentralized exchange.

They’ve set aside 10% of the total token supply for liquidity to make trading faster. This aligns with the project’s commitment to decentralized trading, as outlined in their whitepaper.

Meme Kombat is drawing attention with its funding progress and unique features. The team’s strategy, outlined neutrally and straightforwardly, emphasizes enhancing token utility and enabling decentralized trading.

4. Cosmos (ATOM)

ATOM is neutral in its price prediction, aligning with a Fear & Greed Index at 70, indicating investor greed. Over the past 30 days, 53% of the time has seen positive performance, with 16 green days. The token has been steady, consistently trading above the 200-day moving average, signaling stability.

Cosmos currently has 379.70 million ATOM in circulation. The yearly supply inflation rate is 32.59%, creating 93.33 million ATOM in the past year. While the inflation rate is notable, it aligns with the project’s economic model and goals.

Furthermore, Cosmos ranks 9th among Proof-of-Stake Coins and 14th in the Layer 1 sector, showcasing its competitive position. The token’s liquidity is robust, supported by its market cap. Over the past year, Cosmos has seen a 20% price increase, reflecting positive momentum.

The #interchain is ever-expanding ⚛️

Over 100+ chains are IBC-enabled, a growth amplified by the trend of #EVM migration in favor of the Interchain Stack.

Today, join a conversation hosted by @BuildersProgram on why @sedaprotocol, @WeAreTellor & @dYdX are choosing Cosmos 👇 pic.twitter.com/Zg3XGCWyNZ

— Cosmos – The Interchain ⚛️ (@cosmos) December 14, 2023

In summary, Cosmos maintains a neutral outlook in its price prediction, focusing on its consistent performance and market rankings. Investors should be aware of the inflation rate and broader market conditions when considering the potential for future developments.

5. Aptos (APT)

Aptos Labs and GuardianLink recently joined forces, marking a significant move in the blockchain gaming world. This collaboration welcomes over 150,000 users to the Aptos ecosystem. Therefore, it offers an easier way for existing games to enter Web3 through GuardianLink’s advanced gaming engine.

However, Aptos seems to be on the upswing, with a bullish sentiment. The Fear & Greed Index is at 70, pointing to investors’ greed. Regarding market capitalization, Aptos ranks 23rd in the Layer 1 sector.

APT currently has 305.74 million APT out of 1.00 billion APT in circulation. The supply increased by 135.16% in the past year, creating 175.73 million APT. It’s worth noting that Aptos doesn’t just talk the talk—its market ranking is based on solid performance data rather than just opinions.

🎮 Big news, gamers!

Aptos Labs and @Guardian_NFT are setting a new standard in blockchain gaming with a collaboration that brings 150K+ users into the Aptos ecosystem and provides a simpler path for existing games to enter Web3 via GuardianLink's advanced gaming engine.

Step… pic.twitter.com/d5GkOoAUYF

— Aptos Labs (@AptosLabs) December 14, 2023

Over the last year, Aptos has seen its price shoot up by 119%, outshining 61% of the top 100 crypto assets. Plus, it’s trading above its 200-day simple moving average, a good sign of price stability.

Aptos’s liquidity, powered by its market cap, is another strong point. This liquidity makes it easy for investors, adding a layer of stability and smooth trading within the Aptos ecosystem.