Best Crypto to Buy Now December 27 - Fetch.ai, Chainlink, THORChain

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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.

With the crypto market constantly evolving, investors might find the search for profitable cryptos daunting. “what is the best crypto to buy now?” becomes a question most crypto enthusiasts seek answers to. Insidebitcoins explores the current landscape of the crypto market, providing investors with insights into the best crypto options to consider for investment.

Best Crypto to Buy Now

Memecoins like Dogwifhat have experienced a price surge recently. Moreover, several other tokens have experienced rapid spikes exceeding 1,000% within mere days while maintaining a significantly low trading value.

1. Aave (AAVE)

Aave has demonstrated a noteworthy upswing of an 87% increase in price. Furthermore, it has outperformed 55% of the top 100 crypto assets, indicating a competitive standing within the market.

Additionally, the token trades above its 200-day simple moving average, a technical indicator suggesting a potential bullish trend. Aave’s recent performance includes 15 green days in the last 30 days, accounting for 50% of the observed period. This consistency in positive daily performance contributes to the overall positive sentiment surrounding the asset.

Aave Governance V3 is now live! Built and implemented by @bgdlabs 👻 https://t.co/qzeMLhGQin

— Aave Labs (@aave) December 26, 2023

The project boasts high liquidity, as reflected by its market capitalization. This feature highlights its efficiency in facilitating trades, making it an attractive option for market participants. Presently, Aave holds the 7th position in the DeFi Coins sector. It also ranks 16th in the Ethereum (ERC20) Tokens sector, further solidifying its presence in the market.

2. Fetch.ai (FET)

Fetch.ai and SingularityNET have announced a collaboration to address prevalent challenges in the AI industry. They aim to address challenges specifically with large language models (LLMs). These challenges include the tendency of LLMs to make errors, known as “hallucination,” and their struggle with accurate multi-step reasoning.

Moreover, the partnership intends to reveal a set of solutions in the form of new products in 2024 to address these issues. This partnership targets Web2 and Web3 developers, making using new models easier through traditional programming languages and simple APIs. Developers can access the necessary tools through Fetch.ai’s DeltaV interface and SingularityNET’s AI APIs to build more reliable and reasoning-capable LLMs.

Furthermore, Fetch.ai’s FET price has experienced an intraday price increase of 1.92%. The sentiment for Fetch.ai’s price prediction is neutral, and the Fear & Greed Index is 73 (Greed). The current circulating supply is 688.12M FET out of a maximum supply of 1.15B FET.

Less than a day to cast your votes! 🗳️

We want to know what the https://t.co/kJ9URVqmjT community thinks the next big step in AI will be in 2024 🤖

Leave your vote in the tweet attached 👇 https://t.co/8uQeM4kxnN

— Fetch.ai (@Fetch_ai) December 26, 2023

In addition, Fetch.ai ranks 29th in the Ethereum tokens sector and 47th in the Layer 1 sector. Also, FET ranks 7th in the AI Crypto sector. Over the last 30 days, Fetch.ai has experienced 17 green days, representing 57% of the period, indicating a positive trend.

Fetch.ai experienced a remarkable 628% price increase in the past year, outperforming 95% of the top 100 crypto assets. It has also surpassed Bitcoin and Ethereum, trading above the 200-day simple moving average. The project is recognized for its high liquidity based on its market cap.

3. Meme Kombat (MK)

Meme Kombat has caught the crypto community’s eye, achieving a presale funding of $4,648,840.43 out of its $5,000,000.00 target. The success of this initiative can be attributed to its distinct gaming platform designed for enthusiasts.

To enhance accessibility and traceability, MK plans to list its tokens on a decentralized exchange. However, as outlined in their whitepaper, 10% of the total token supply is allocated for liquidity. This strategic move underscores the project’s commitment to facilitating the decentralized trading of MK tokens.

The project introduces a novel amalgamation of staking and betting, aiming to expand the utility of MK tokens for users. This combination is a unique feature that sets MK apart in cryptocurrency.

Furthermore, MK’s platform provides users with diverse avenues for engagement and the opportunity to earn rewards. During the presale phase, 50% of MK tokens are available for $0.257 each, with a capped investment limit of $10 million. Following this phase, there is a one-day window before a subsequent price increase to $0.268.

We are steadily on our way to $5 million!

$4.5 million raised already⚔️ pic.twitter.com/V68z6E5tyJ

— Meme Kombat (@Meme_Kombat) December 26, 2023

In summary, Meme Kombat‘s approach centers on a utility-focused strategy, offering a range of functionalities to its users. The platform’s combination of staking and betting and its commitment to decentralized trading positions MK as an intriguing option for potential investors and users seeking the best crypto to buy now.

Visit Meme Kombat.

4. Chainlink (LINK)

MUX Protocol recently integrated Chainlink Data Streams on Arbitrum. This integration aims to improve three key areas: opening and closing trades, triggering liquidations, and executing conditional orders.

Chainlink Data Streams are noteworthy for providing quick price updates backed by reliable infrastructure. This ensures a secure and trustworthy environment for MUX users, even during unexpected events.

The integration uses conflict-of-interest-free data sources and a commit-and-reveal setup to protect traders and liquidity sources from potential manipulation. The goal is to create a fair trading environment that prioritizes user interests.

.@muxprotocol is integrating #Chainlink Data Streams on @arbitrum.

Read about the three key ways low-latency data will power MUX’s derivatives aggregator, which is made up of the MUX leveraged trading protocol and the MUX native trading protocol👇 https://t.co/DsjfEgGoJn

— Chainlink (@chainlink) December 22, 2023

Looking at Chainlink’s current market, its price prediction sentiment is neutral, with a Fear & Greed Index at 73 (Greed). Over the past year, Chainlink’s price increased by 149%, outperforming 70% of the top 100 cryptocurrencies. It holds the top position in the DeFi Coins sector and 2nd in the Ethereum Tokens sector by market capitalization.

Furthermore, Chainlink has an 11.83% yearly supply inflation rate, creating 60.10 million LINK tokens last year. The project exhibits positive signs, trading above the 200-day simple moving average. Chainlink also boasts liquidity based on its market capitalization and shows good performance compared to its token sale price.

5. THORChain (RUNE)

RUNE has exhibited notable price dynamics over the past few years. On May 19, 2021, THORChain peaked at $20.98, marking an all-time high. Since the zenith, the lowest price observed was $0.778946, while the highest post-cycle low was $7.30.

The prevailing sentiment regarding THORChain’s price prediction is currently neutral, with a Fear & Greed Index reading 73 (Greed). The circulating supply is 337.47 million RUNE out of a maximum supply of 500 million RUNE. Over the past year, the yearly supply inflation rate has been 2.05%, creating 6.78 million RUNE.

Furthermore, THORChain ranks 11th in the Proof-of-Stake Coins sector and 6th in the DeFi Coins sector. Additionally, it ranks 2nd in the Binance Smart Chain sector, 1st in the Gaming sector, and 26th in the Layer 1 sector.

Congrats to Chainflip getting swaps live on their Mainnet Beta.

Cross-chain swaps are very hard!

With a bit of healthy competition users should win. Aggregators should be looking to route orders across both protocols where appropriate. https://t.co/PT3eKfMwQh

— THORChain (@THORChain) December 22, 2023

Notably, RUNE experienced a 290% price increase over the last year, surpassing 90% of the top 100 crypto assets. It has outperformed Bitcoin and Ethereum, maintaining a position above the 200-day simple moving average. Additionally, its positive performance compared to the token sale price and high liquidity add to its notable characteristics.