Best Crypto to Buy Now December 22 - Dogecoin, Tezos, Mantle

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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched on CEX and DEX platforms daily.

The best crypto to buy now is a topic that continues to captivate the attention of investors in the market. Today, tokens like Dogecoin, Tezos, and Mantle are attracting the market’s attention for unique reasons. These attributes make them enticing choices for investment within the current cryptocurrency landscape.

Best Crypto to Buy Now

Cryptocurrency investments have surged into the mainstream, challenging pinpointing the best cryptocurrencies amid myriad options and volatile price swings. Today, the crypto market reflects a bullish trend, boasting a 3% surge. Bitcoin leads the charge, trading above $44,000 and eyeing a breakthrough beyond the monthly high of $44,700 recorded on December 8.

The current total crypto market cap, standing at $1.66 trillion per CoinMarketCap data, gains momentum. BlackRock, the world’s largest asset manager, has significantly updated its proposed Bitcoin spot ETF, aligning it with regulatory requirements. Notably, the amended S-1 filing reveals a shift from the initial preferred in-kind redemption mechanism to offering investors the flexibility of cash creation and redemption.

In this strategic move, BlackRock adapts to SEC demands, foregoing in-kind redemptions. The revised approach involves converting crypto assets into cash when returning shares to investors—a pivotal development as the crypto landscape evolves.

1. Tezos (XTZ)

Tezos has shown a steady upward trend, with a 19% price increase over the past year. Notably, the cryptocurrency has consistently favored higher-priced buyers, trading above its 200-day simple moving average. The recent trend reflects positively, with 19 green days recorded in the last 30 days.

Moreover, XTZ supply increased by 5.11% last year, creating 46.89 million XTZ. The current circulating supply is 964.32 million XTZ out of a maximum supply of 937.87 million XTZ.

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1. Spent over $100 on Ethereum gas fees in the last six months
2. At least 0.01 eth… pic.twitter.com/2CUPExkwgc

— Tezos (@tezos) December 19, 2023

Tezos maintains high liquidity thanks to its substantial market capitalization. Currently, it ranks 14th in Proof-of-Stake Coins, 1st in Tezos Network, and 37th in Layer 1 by market capitalization. Additionally, Tezos holds a bullish outlook in price predictions.

The Fear & Greed Index stands at 74, indicating a state of greed in the market. It’s essential to approach these indicators with a balanced perspective, considering various factors that may influence market dynamics.

2. Sponge V2 ($SPONGE)

Sponge V2 has emerged as a noteworthy venture, building upon the accomplishments of its predecessor. It is the evolved version of the $SPONGE meme coin. The initial coin experienced a substantial increase in market capitalization from $1 million to over $100 million in 2023.

Currently valued at $16 million, Sponge V2 boasts a community of over 11,500 holders. A distinctive feature of $SPONGE is introducing the Stake-to-Bridge model, strategically designed to retain and reward $SPONGE holders. This model facilitates a seamless transition to V2 through staking.

https://twitter.com/spongeoneth/status/1736710430888739065?s=20

The minimum annual percentage yield (APY) has stood at 40% over four years. Adding a Play-to-Earn (P2E) game to the ecosystem enhances the token’s utility and community engagement. This interactive layer provides users with an additional avenue for participation.

A transparent allocation of the 150 billion token supply for staking rewards. Also, P2E gaming underscores $SPONGE’s dedication to user incentivization. This transparency is crucial in establishing credibility and trust among the community.

As the project looks toward primary exchange listings and leverages its 30,000-strong community, $SPONGE positions itself for potential growth. Investors should conduct thorough research before considering involvement.

Visit SPONGEV2 Presale

3. Dogecoin (DOGE)

Dogecoin has gained notable attention in the cryptocurrency market. Its trading volume for the day is at 1.54% and is currently priced at $0.09306. Notably, DOGE ranks 2nd in Proof-of-Work Coins, 1st in Meme Coins, and 8th in the Layer 1 sector.

Talking predictions, Dogecoin’s future price is in a neutral position. The Fear & Greed Index is at 74, indicating a state of greed in the market. However, it’s worth noting that there are 142.33 billion DOGE in circulation. Last year, the supply inflation rate was 7.28%, creating 9.66 billion DOGE.

Dogecoin devs adapting to a changing environment to keep things viable. A decade on, dogecoin dev continues to live. https://t.co/e7pAnRfFjH

— Dogecoin (@dogecoin) December 6, 2023

Additionally, Dogecoin has experienced a 26% price increase, trading consistently above the 200-day simple moving average. Moreover, in the last 30 days, Dogecoin has seen 20 green days, accounting for 67% of the period.

4. Mantle (MNT)

Mantle recently announced an alliance with INIT Capital to introduce a liquidity hook money market on the Mantle Network. This initiative prioritizes sustainable liquidity for various protocols, providing an innovative Liquidity Hook.

This feature enables integrating protocols to access larger, concentrated sources of liquidity. This particularly benefits new projects seeking to bootstrap initial liquidity in the decentralized applications (dApps) space. The goal is to make Mantle a strong player by welcoming cutting-edge projects into the Mantle Ecosystem.

This aligns with Mantle’s aim to give protocols and users opportunities for diverse yield strategies. The price of MNT is on a bullish trajectory after a notable intraday uptrend. As such, this upward momentum is promising for MNT coin investors, making Mantle the best crypto to buy now.

In the last 30 days, there were 15 green days, accounting for 50% of the period. Mantle also boasts high liquidity based on its market cap. Moreover, Mantle ranks 12th in the Ethereum (ERC20) Tokens sector and 4th in the Layer 2 sector.

In summary, the partnership with INIT Capital and Mantle strategically positions MNT in the decentralized finance landscape. With a positive market sentiment and high rankings, Mantle shows promise for growth and exploring different yield strategies.

5. Oasis Network (ROSE)

Oasis Network is currently ranked #15 in Proof-of-Stake Coins and #5 in the AI Crypto sector. In the last year, they’ve seen a 17.25% increase in the yearly supply, creating 987.88 million ROSE. Despite this increase, the project has shown impressive growth, with an impressive 251% price increase.

From a technical analysis perspective, the project is exhibiting some exciting trends. Oasis Network is trading above its 200-day average, a positive sign. Over the last 30 days, there have been 17 positive days, making up 57% of the period, indicating a notable upward trend.

In order to build a better Web3, we must build a culture that supports the people behind the technology

In our last "Meet the Oasis Team" interview, we met Oasis' HR Director, Andreja Cavnik, the woman behind Oasis' culture of collaboration and growth:https://t.co/W3enZaWs4I

— Oasis (@OasisProtocol) December 18, 2023

ROSE has outperformed 83% of the top 100 crypto assets, including Bitcoin and Ethereum. The project is also trading close to its cycle high, suggesting strength in its current market position.

Liquidity seems robust, given the circulating supply of 6.71 billion ROSE out of a maximum supply of 10 billion ROSE. Sentiment analysis points towards a bullish outlook, with a Fear & Greed Index 74, signifying a greedy market.