Best Crypto to Buy Now February 20 – Arweave, Beam, Dymension

Each day, we review some picks for the best cryptos to buy now based on the latest market movements, blockchain news, and trending narratives.

Amidst the ongoing uncertainty in the cryptocurrency markets, numerous crypto investors are pondering whether it’s prudent to sell to prevent potential further losses or to hold on in anticipation of a market rebound. While trends show that cryptocurrency markets have generally rebounded from bearish periods, it’s crucial to acknowledge that some projects may not fully recover. Hence, investing in high-quality crypto projects with strong potential to withstand the bear market and flourish long-term is imperative.

Best Crypto to Buy Now

Arweave has rolled out new features in its ecosystem, including a hyper-parallel computer and proof-of-stake (PoS) computation. Beam experienced substantial growth, rising by 14.32% last week and over 81% in the past month. The launch of Dymension (DYM) mainnet on February 6 coincided with a bullish market trend, driving the token’s value from $3.99 to $7.34, marking a remarkable surge of over 106%.

1. Arweave (AR)

Arweave is a decentralized storage network that aims to revolutionize data storage with its “permaweb” platform. This collective hard drive stores data permanently, supported by a community of users and applications.

Recently, Arweave introduced innovative features like a hyper-parallel computer and Proof-of-Stake (PoS) computation within its ecosystem. These advancements enable multiple processes to run while providing temporary storage, all within its testnet environment.

Furthermore, Arweave’s unique approach bundles storage payments and service provision. It eliminates traditional scalability limits. Unlike many other blockchain projects, Arweave’s scalability isn’t just a promise but a tangible feature already in operation. Its ability to continuously scale challenges conventional notions about blockchain scalability.

In trading, Arweave’s native token, AR, saw a 17.15% increase in the last 24 hours. Market sentiment predicts a bullish trend for the Arweave price, with the Fear & Greed Index scoring 72, indicating greed among traders. 

Moreover, the token’s performance also stands out as it trades above its 200-day simple moving average and has shown positive growth compared to its initial token sale price. Currently ranked #39 in the Layer 1 sector, Arweave boasts high liquidity based on its market cap and is actively traded on platforms like Binance.

2. Beam (BEAM)

BEAM is the primary digital asset for the Beam network, which focuses on gaming and is governed by the Merit Circle DAO. The network aims to transform the gaming industry by providing a platform for gamers and developers to collaborate. Key to its operation is the Beam SDK, a toolkit for developers to integrate blockchain elements into games.

Users need BEAM tokens to participate in transactions on the Beam network, as they serve as currency and gas tokens to power transactions. Additionally, BEAM is crucial in governing the Merit Circle DAO, enabling token holders to engage in decision-making processes.

Furthermore, BEAM shows potential for reaching new all-time highs if the current upward trend continues. However, failure to maintain above $0.025 could signal a reversal, possibly leading to support levels at $0.021 and $0.0199.

The token is currently trading at $0.034 and has experienced a decline of 0.65% in 24 hours. Nonetheless, the token has seen significant growth of 14.32% last week and over 81% last month. With 17 green days out of the last 30, there is notable optimism surrounding the token’s future performance. Investors are optimistic about where Beam’s price is headed, and the Fear & Greed Index sits at 72, showing greed in the market sentiment.

In addition, BEAM boasts high liquidity based on its market capitalization, making it attractive to investors. Overall, sentiment around BEAM is bullish, driven by its potential utility within the gaming industry and its governance role within the Merit Circle DAO.

3. Meme Kombat (MK)

Meme Kombat (MK) has gathered considerable attention in the crypto world, raising over $9 million in its final presale stage as it prepares for upcoming exchange listings. In the GameFi sector, MK aims to stand out with its battle arena, powered by the MK token and a high-yield staking protocol.

I step away for a quick breakfast and we pass $9.6 million👀

At this rate we're locked in for a finish later today🔥🥊 pic.twitter.com/IDIBN2JZIb

— Meme Kombat (@Meme_Kombat) February 20, 2024

One of MK’s standout features is its blend of staking and betting. This means users can earn rewards by staking their MK tokens or participating in betting activities on the platform. This setup encourages active engagement and boosts the token’s usefulness.

The ongoing presale phase offers investors a final opportunity to acquire MK tokens at a discounted rate of $0.279 before the official launch. Moreover, MK plans to list its tokens on a decentralized exchange (DEX) to ensure decentralized trading, reserving 10% of the total tokens for liquidity. This move explained in the project’s whitepaper, underscores its dedication to making MK tokens easily tradable in a decentralized manner.

Visit Meme Kombat Presale

4. VeChain (VET)

VeChain (VET) is an enterprise-grade smart contract platform designed to tackle data challenges across various global industries. It uses distributed governance and IoT technologies. It aims to improve efficiency, traceability, and transparency in supply chains and ecosystems focused on UN SDGs.

Furthermore, VeChain disrupts traditional business models, particularly in the supply chain industry. It has seen success with notable clients and government entities by providing a decentralized trust layer for multi-party ecosystems. Over the past year, VeChain’s price has risen by 48%, surpassing most other top 100 cryptocurrencies.

Forget complex setups and wallet stress!#VeChain streamlines smart contract interaction for individuals and businesses, enabling secure deployment, operation, and asset management.

Focus on your vision, not the tech. $VET #Web3ForBetter

Learn more: https://t.co/y35AR6gYrf pic.twitter.com/wsMZsUrtqp

— vechain (@vechainofficial) February 14, 2024

In addition, the platform plans to implement measures related to its X2Earn sustainability strategy, although specifics have yet to be disclosed. Analysts predict continued growth for VeChain due to increasing adoption. The anticipated unveiling of partnerships and initiatives is expected to enhance further VeChain’s market position and value in the coming months.

5. Dymension (DYM)

Dymension (DYM) stands out in the crypto space by standardizing rollups using the Inter-Blockchain Communication Protocol (IBC), similar to how tokens were standardized with ERC. This innovation introduces RollApps, promising enhanced speed and scalability within a unified framework. 

RollApps essentially function as modular blockchains, utilizing the Dymension Hub for security and Data Availability (DA) networks for transaction data dissemination, thus bypassing the need to maintain costly validators.

The recent launch of the Dymension (DYM) mainnet on February 6 coincided with a bullish trend in the market. It propelled the token’s value from $3.99 to $7.34, marking a significant surge of over 106%. In addition, the token airdrop attracted a substantial influx of users to the network. Despite the recent price increase, the Dymension (DYM) token has seen a modest 0.27% rise over the past week.

Dymension mainnet is live!https://t.co/8y3pJ0ohCK pic.twitter.com/DOVcuj1yXf

— Dymension (@dymension) February 6, 2024

Analysts remain optimistic about its future performance, predicting a further increase to above $9 in the coming months. This positive outlook is underpinned by the project’s innovative approach to rollup standardization and its potential to revolutionize the landscape of decentralized finance.

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