Best Crypto to Buy Now December 24 - MultiversX, NEAR Protocol, Gala

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‘Best crypto to buy now‘ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.

With new tokens constantly emerging, picking the best crypto to buy now requires a keen eye for innovation, potential, and current trends. Furthermore, exploring the top tokens involves assessing several market dynamics. Therefore, Insidebitcoins investigates such factors, providing a run-down of the best coins for informed investment decisions.

Best Crypto to Buy Now

Despite the substantial price surge this year, several cryptocurrencies continue trading below the $1 mark. Notably, six cryptocurrencies within the top 20 by market capitalization maintain this valuation as we approach 2024.

Among this subset, three cryptocurrencies warrant attention based on their future growth prospects and overall competitive positioning. These digital assets are Polygon, XRP, and Cardano. In addition to these three, there are other cryptos investors can add to their watch list. This article discusses five of these best tokens worth investing in now.

1. MultiversX (EGLD)

Umbrella Network has integrated its on-chain data feeds into MultiversX. This integration allows developers to get price data for their smart contracts easily. Initially, they’ve introduced feeds for EGLD/USD and USDT/USD, with more pairs like USDC, BUSD, ETH, and BTC coming soon.

Umbrella Network is a platform that provides reliable data for decentralized applications. The integration aims to empower developers in building next-generation DeFi protocols and other innovative applications. This allows them to offer a wide range of data beyond commonly traded pairs, including real-world events. This data can be used for various purposes, from prediction markets to synthetic derivative protocols.

EGLD has recently gained attention in the crypto market, climbing into the top 40 cryptocurrencies. MultiversX is ranked 27th in the Layer 1 sector based on market cap. EGLD boasts a circulating supply of 23.74 million EGLD out of a maximum of 31.42 million EGLD.

One superapp for all your wallets.

You can now bring all your assets to @xPortalApp, make transfers, use DeFi platforms, mint NFTs – switching from one address to another.#MultiversX accelerates 🔥 pic.twitter.com/agjSZAnV7X

— MultiversX (@MultiversX) December 20, 2023

The sentiment around MultiversX is currently bullish, complemented by a Fear & Greed Index registering 71 (Greed). With high liquidity based on market cap, MultiversX continues to trade near its cycle high, prompting discussions about its potential for further growth.

2. Internet Computer (ICP)

The Internet Computer Protocol has introduced a new European subnet, a significant move for decentralized apps (dApps) looking to follow European data protection rules. This is important because more people want decentralized services that meet strict rules like GDPR. The European subnet is like a group of computers in Europe.

It ensures that all data used and kept in this group follows GDPR rules. Furthermore, this is crucial for developers and businesses following European data protection standards. How the Internet Computer handles data privacy and security makes it different in the blockchain world.

Unlike other blockchains where all data is public, developers can keep data public or private here. This aligns with GDPR principles regarding data amendment and deletion capabilities. Also, the Internet Computer provides developers with comprehensive control over data and access.

Using canister smart contracts and autonomous software units on the Internet Computer further reinforces data security and integrity. The price of the coin has increased because of this new European subnet. Currently, the ICP token is priced at $9.71 and boasts an intraday volume of $425.41 million last day.

Check your inboxes for the latest ICP News & Updates ✉️

This week:
🚀 Inscriptions on @Mora_App
🔐 The New GDPR-Compliant Subnet on ICP
💡 Global R&D Updates
🔥 ICP.Hubs & Upcoming Events

And much more 🙌
🔗 https://t.co/FndzMvJAbm pic.twitter.com/YbOx8aXIki

— DFINITY (@dfinity) December 22, 2023

Analyzing the sentiment around Internet Computer’s price prediction reveals a current bullish outlook. The Fear & Greed Index stands at 71 (Greed), and the token trades above the 200-day simple moving average. The project has demonstrated positive performance, with 19 green days in the last 30 days, accounting for 63% of the period.

The introduction of the European subnet on the Internet Computer signifies a significant advancement in blockchain technology. The platform’s nuanced data privacy and security approach places it among the best crypto to buy now.

3. Meme Kombat (MK)

Meme Kombat has gained attention from investors, achieving a noteworthy presale figure of $4,449,569.06 out of its $5,000,000.00 goal. The project’s early success is attributed to its unique gaming platform tailored for enthusiasts. Meme Kombat introduces an innovative combination of staking and betting, providing users with various ways to engage and earn rewards.

$4.4 MILLION

Maybe we can reach 4.5 just in time for Christmas🎁 pic.twitter.com/h0FBVCNhIg

— Meme Kombat (@Meme_Kombat) December 24, 2023

In the presale phase, half of the MK tokens are available at $0.257 each, with a maximum cap of $10 million. This fusion of staking and betting is designed to enhance the utility of MK tokens for users. There is a 4-day window before the subsequent price increase to $0.268MK.

Detailed in their whitepaper, this move underscores their commitment to facilitating easy and decentralized trading of MK tokens. Meme Kombat plans to list its tokens on a decentralized exchange to support decentralized trading further. Furthermore, they plan to allocate 10% of the total tokens for liquidity.

The project’s focus on utility and a well-defined strategy adds an intriguing dimension for potential investors and users. The integration of staking and betting positions makes Meme Kombat the best crypto to buy now.

3. NEAR Protocol (NEAR)

NEAR Protocol has experienced increased interest and witnessed a noteworthy uptick in value. This positive momentum has not gone unnoticed in the cryptocurrency market, signaling a growing confidence among investors in NEAR.

A technical analysis of NEAR’s price structure reveals a positive trajectory despite potential minor reversals in the near term. The overall trend suggests a likelihood of further price gains, making it an attractive choice for traders and investors. Reviewing its performance over the last year reveals a substantial 185% increase in price.

NEAR Wrapped!

(But not that wrapped NEAR)

In a year marked by market turbulence, NEAR has seen remarkable growth and innovation.

🔥Launched the B.O.S
🔥Launch of NEAR DA
🔥Fast finality for Ethereum rollups in a partnership with @eigenlayer
🔥Development of a zkWASM Prover… pic.twitter.com/X9UF8VqIzw

— NEAR Protocol (@NEARProtocol) December 20, 2023

Remarkably, NEAR has outperformed 78% of the top 100 crypto assets during this period. Furthermore, NEAR Protocol trades above the 200-day simple moving average, a positive indicator of its market performance. Additionally, the cryptocurrency has seen 20 positive trading days out of the last 30, constituting a 67% positive trend.

Moreover, NEAR Protocol boasts high liquidity based on its market capitalization. Presently ranked 16th in the Layer 1 sector, NEAR Protocol continues to solidify its cryptocurrency market position.

4. Gala (GALA)

Gala is the best cryptocurrency to buy now, as it has recently been integrated into the Binance Web3 Wallet. This move aims to enhance user accessibility for DeFi and Web3 interactions. Furthermore, it allows direct access to GALA through the Binance Wallet.

This news has sparked investors’ interest as the token has seen an intraday price increase of 0.59%. The sentiment around GALA’s price prediction is neutral, and the Fear & Greed Index stands at 71(Greed).

Based on the analysis, trades above its 200-day simple moving average, a positive sign for technical analysts. Additionally, GALA boasts high liquidity, supported by its market capitalization.

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— Gala Games (@GoGalaGames) December 21, 2023

Additionally, GALA’s circulating supply is currently at 26.91 billion out of a maximum supply of 50 billion. The coin has demonstrated significant growth, with a notable 68% increase in price over the past year. Also, the recent trend highlights a positive trajectory, with 20 green days recorded in the last 30 days.