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Best Crypto to Buy Now December 7 – THORChain, Stellar, Cardano

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Stellar
Stellar

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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.

In the latest cryptocurrency market updates, the total market capitalization has reached $1.63 trillion, showing an intraday increase of 0.71%. Simultaneously, the 24-hour trading volume for cryptocurrencies stands at $269.35 billion, reflecting a 7.00% decrease during the same period.

Best Crypto to Buy Now

Bitcoin is valued at $44,032, displaying a 0.71% gain in the last 24 hours. Noteworthy is the fact that Bitcoin dominance has experienced a marginal 0.00% increase, settling at 52.98% within the same timeframe.

crypto heat map

These numbers indicate a stable performance in the cryptocurrency market over the past day. The slight rise in total market capitalization, alongside fluctuations in the 24-hour trading volume, highlights the dynamic nature of the digital asset landscape. Bitcoin’s incremental gain and unchanged dominance contribute to the overall narrative of steady market activity.

1. Stellar (XLM)

Over the last year, Stellar has seen a significant 44% increase in its price. Comparative analysis against the top 100 crypto assets indicates that it has outperformed 62% during this period. Its current trading position above the 200-day simple moving average signals positive momentum.

XLM Price Chart

In the past 30 days, XLM has shown a positive trend, with 17 green days making up 57% of the observed period. This recent performance reflects a favorable market sentiment. Furthermore, the coin exhibits high liquidity, supported by its market capitalization.

Looking at historical price points, Stellar reached its highest value on January 4, 2018, at $0.930121. On the flip side, its all-time low of $0.001227 was recorded on November 18, 2014. Current indicators suggest a bullish sentiment in the Stellar price prediction, with the Fear & Greed Index registering at 72 (Greed).

Stellar’s circulating supply is presently at 28.08 billion XLM out of a maximum supply of 50.00 billion XLM. The yearly supply inflation rate is 9.29%, creating 2.39 billion XLM over the past year. Additionally, XLM holds the top position in the Stellar Network sector and is ranked 15th in the Layer 1 sector. 

2. ORDI (ORDI) 

Can ORDI maintain its position as the best cryptocurrency to buy now? ORDI has demonstrated notable market dynamics. On December 6, 2023, the cryptocurrency peaked at an all-time high of $69.31, while its lowest recorded price, having reached $0.00, is unavailable. 

The prevailing market sentiment suggests a bullish outlook for ORDI, with the Fear & Greed Index at 72 (Greed). This positive sentiment and the recent price trajectory imply an optimistic market perception.

With a circulating supply of 21.00 million ORDI out of a maximum supply of 21.00 million ORDI, ORDI holds a prominent position. It ranks first in the Bitcoin (BRC20) Tokens sector by market capitalization. This underscores stability in terms of token availability, aligning with the project’s goals.

ORDI Price Chart

ORDI trades above the 200-day simple moving average, signaling a sustained positive trend. Over the last 30 days, the cryptocurrency experienced 15 green days, constituting 50% of the observed period. This consistent positive performance adds to the impression that ORDI is operating near its cycle high.

Significantly, the cryptocurrency boasts high liquidity based on its market capitalization, reinforcing its standing. This liquidity factor enhances the readability and accessibility of ORDI for investors.

ORDI’s recent market movements, sentiment, and key metrics position it as a noteworthy participant in the cryptocurrency space. 

3. THORChain (RUNE)

THORChain has experienced an uptrend in the past year, hitting a notable 367% increase in its price. This surge places THORChain in a favorable position, outperforming 95% of the top 100 crypto assets during the same period.

RUNE Price Chart

Technically, RUNE trades above its 200-day simple moving average, indicating sustained positive momentum. The positive trend is further highlighted by 15 green days in the last 30, constituting a 50% positive trend ratio. Taking a historical perspective, THORChain achieved its peak value on May 19, 2021, at $20.98, and its lowest point on September 11, 2019, at $0.007620. 

The sentiment around THORChain’s price prediction is neutral, with a Fear & Greed Index at 72 (Greed). The circulating supply of RUNE is currently at 337.78M out of a maximum supply of 500.00M. The annual supply inflation rate is 2.14%, creating 7.09M RUNE in the past year.

Moreover, THORChain holds the 10th position in the Proof-of-Stake Coins sector and 5th in the DeFi Coins sector. It also ranks 2nd in the Binance Smart Chain sector, 1st in the Gaming sector, and 22nd in the Layer 1 sector. This diverse presence across sectors underscores its significance within the cryptocurrency landscape.

THORChain’s recent performance, technical indicators, and market positioning collectively paint a comprehensive picture of its current standing. These factors highlight the project’s resilience and effectiveness in navigating the dynamic cryptocurrency market.

4. Cardano (ADA) 

Cardano has experienced notable fluctuations in its price over the years. On September 2, 2021, ADA peaked at $3.10, marking an all-time high. However, its all-time low occurred on October 1, 2017, when it traded at $0.017354. 

ADA Price Chart

Since its zenith, the lowest recorded price was $0.223375, while the highest post-cycle price reached $0.455132. The sentiment surrounding Cardano’s price prediction leans toward a bullish outlook. This is further corroborated by the Fear & Greed Index, which stands at 72 (Greed). 

Over the past year, ADA has exhibited a 40% increase in price, surpassing 57% of the top 100 cryptocurrencies. Moreover, the current market position is above the 200-day simple moving average, signifying a positive trend. Examining recent trends, Cardano has seen 16 green days in the last 30 days, constituting 53% of the observed period. This consistent upward trend positions Cardano as the best crypto to buy now.

Importantly, the coin is trading near its cycle high, reflecting a period of relative strength. Its liquidity, as indicated by its market capitalization, is notably high. ADA boasts a circulating supply of 33.82 billion out of a maximum supply of 45 billion. It ranks 3rd in the Proof-of-Stake Coins sector and 6th in the Layer 1 sector based on market capitalization.

5. Meme Kombat (MK)

Meme Kombat is gaining attention for its substantial growth and impact. The ongoing presale has successfully raised $2,631,665.42, reflecting early investor interest. The project’s innovative gaming platform is tailored for cryptocurrency enthusiasts.

A notable feature of Meme Kombat is its integration of staking and betting functionalities. This provides users with diverse opportunities to engage and earn rewards. 50% of the MK token supply is available in the presale at $0.225 per token, with a fixed hard cap of $10 million. 

This combination is designed to enhance the utility of MK tokens within the platform. Looking ahead, Meme Kombat has outlined plans to list its tokens on a decentralized exchange. The project has allocated 10% of the total token supply to provide liquidity, facilitating faster trading. 

This strategic move, detailed in the Meme Kombat whitepaper, underscores the project’s commitment to enabling decentralized trading of MK tokens. It’s worth noting that the next price increase is slated to be $0.235 in 11 hours, adding a dynamic element to the ongoing developments of Meme Kombat.

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