Best Crypto to Buy Now December 23 - Sei, Optimism, Meme Kombat

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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.

Navigating the cryptocurrency space and pinpointing the best investment options is an ongoing pursuit for many investors. As of December 23, several cryptocurrencies have generated significant buzz, including Sei, Optimism, and Meme Kombat. We’ll examine why these cryptocurrencies are gaining traction and explore their recent performances to understand why they are the best crypto to buy now.

Best Crypto to Buy Now

Representatives from seven companies seeking approval to launch exchange-traded funds (ETFs) met with officials from the U.S. Securities and Exchange Commission (SEC). Memos reveal that the SEC instructed at least two companies to submit final modifications to their proposals by the end of the week.

The discussions also involved representatives from ARK Investments and 21 Shares. The SEC is slated to decide on the joint proposal from ARK and 21 Shares by January 10. Market participants anticipate that the SEC may approve several applications simultaneously in the days leading up to the deadline above. These deliberations mark a pivotal moment in the potential integration of spot bitcoin ETFs into the market.

1. The Graph (GRT)

In recent news, the Graph Network has added support for Optimism, allowing developers to create DApp front-ends using subgraphs on the network. The network has also activated indexing rewards for Optimism subgraphs and Substreams-powered subgraphs.

As a result, GRT has shown positive trends in its market performance. Additionally, sentiment around The Graph’s price is bullish, with a Fear & Greed Index score of 70 (Greed). Over the past year, GRT’s price has increased by 206%, outperforming 80% of the top 100 crypto assets.

📣 The Graph Network has added support for @Optimism 🔴

Any devs building on Optimism can now easily create fast, unstoppable, & performant dapp frontends served by subgraphs on the decentralized network 💪

📄 Need help getting started with subgraphs? Access subgraph docs here:… pic.twitter.com/Jlg1QXb2ZZ

— The Graph (@graphprotocol) December 20, 2023

Technically, The Graph trades above its 200-day simple moving average, indicating a positive trend. Its performance compared to the initial sale price is also noteworthy. Recent trends show that GRT has experienced 16 green days in the last 30 days, making up 53% of this period.

Moreover, its high liquidity, reflected in its market cap, adds to its market standing. The Graph is positioned 13th in the Ethereum (ERC20) Tokens sector and 2nd in the AI Crypto sector. These developments highlight the project’s ongoing efforts to establish a strong presence in the decentralized application ecosystem.

2. Polygon (MATIC)

Polygon CDK is teaming up with HyperOracle to bring more possibilities to decentralized apps (dApps). This collaboration means developers can make super-smart dApps with extra security without relying on trust.

Furthermore, Polygon CDK is helping projects like OKX and Gnosis Pay build Ethereum. With zkOracle joining in, they can expect even more exciting uses for this tech. HyperOracle will also be part of the team working on a new zkWASM-based backend, making things run even smoother.

Transactions in Polygon Miden can be understood as facilitating account state changes. Basically, these state changes take as input one single account and some notes and output the same account at a new state and some other notes.

In Miden, a tx only ever involves one account. pic.twitter.com/eoULauUDIw

— Polygon Foundation (@0xPolygonFdn) December 7, 2023

This news has positively affected Polygon’s price, which has increased by 0.24% in the past day. The token trades above its 200-day simple moving average, demonstrating positive performance. In the last month, there have been 17 green days, making up 57% of the time.

This suggests that Polygon is in demand and has high liquidity, which is always a plus. Currently, there are 8.01 billion MATIC in circulation out of a maximum of 10.00 billion MATIC.

3. Meme Kombat (MK)

Meme Kombat has entered the crypto scene, making waves as the best crypto to buy now. In their ongoing presale, they’ve raised $4,271,993.62 out of a $5,000,000.00 goal, drawing early interest. MK’s gaming platform is made for enthusiasts, offering a mix of staking and betting for users to earn rewards.

$4.2 million raised in the $MK presale🤩

5 million is right around the corner👀 pic.twitter.com/Is1jH00vW0

— Meme Kombat (@Meme_Kombat) December 22, 2023

Currently, 50% of MK tokens are up for grabs in the presale at $0.257 each, with a cap of $10 million. This dual approach of staking and betting aims to make MK tokens more useful for users. There’s a 5-day window before the price goes up to $0.268.

Meme Kombat is also planning to list its tokens on a decentralized exchange. They’ve set aside 10% of the total supply to ensure smooth trading, emphasizing their commitment to decentralized MK token trading, as outlined in their whitepaper.

4. Optimism (OP)

Optimism has experienced a significant price surge, increasing by 13.62% in the last 24 hours. This surge aligns with a bullish sentiment in price predictions, with a Fear & Greed Index at 70 (Greed). Over the past year, Optimism’s price has soared by 236%, performing better than 81% of other top cryptocurrencies.

Notably, It has also outpaced big players like Bitcoin and Ethereum. Currently, 214.75 million OP coins are circulating out of a total of 4.29 billion OP. Optimism trades above the 200-day simple moving average, a key technical indicator for the overall trend and momentum. Despite the competitive nature of the cryptocurrency market, Optimism has maintained its place as the fifth-largest in the Layer 2 sector.

Furthermore, it has demonstrated substantial liquidity based on its market capitalization. Looking at recent trends, Optimism had 15 positive days out of the last 30, making up half of the observed period. This consistent performance adds to the attractiveness of Optimism, making it the best crypto to buy now.

5. Sei (SEI)

Sei’s recent price jump can be attributed to its collaboration with KudasaiJP, which aims to boost Sei’s presence in Japan. The Sei Foundation is strengthening Japan’s web3 ecosystem, supporting KudasaiJP’s expansion into DeFi, NFTs, and GameFi.

The Sei Foundation fosters Sei’s growth through education, funding, and backing developers in the Sei ecosystem. The collaboration with KudasaiJP is a joint effort to grow the community and make meaningful contributions to Japan’s web3 scene.

One interesting move in this partnership is KudasaiJP’s plan to set up an NFT-gated sub-DAO on the Sei network. This move aims to boost decentralized web3 community development in Japan.

Market-wise, SEI’s Fear & Greed Index is at 70, showing a greedy sentiment. Over the last 30 days, Sei has demonstrated positive performance on 15 positive days, making up 50% of the period. With 2.30 billion SEI in circulation out of 10.00 billion, Sei ranks #15 in Proof-of-Stake Coins. Additionally, It ranks #41 in the Layer 1 sector, solidifying its presence in the broader cryptocurrency landscape.

To sum it up, the Sei-KudasaiJP partnership is a strategic move for Japan’s web3 growth. While current indicators and partnerships look good, it’s always wise for investors to stay updated on this ever-evolving space.