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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched on CEX and DEX platforms daily.
Several altcoins have experienced significant price appreciation recently, prompting investors to take notice. These price surges can be attributed to various factors, including technological advancements, project developments, adoption by major companies or institutions, and shifts in market sentiment.
This article analyzes several digital assets, identifying the reasons behind their surge. Additionally, it delves into what distinguishes them and why they could be valuable additions to your investment portfolio.
Best Crypto to Buy Now
In the past 24 hours, GRT saw a 3.03% uptick in its price. Furthermore, XRP has drawn interest lately due to notable whale transactions. SEI is priced at $0.6612, marking a modest intraday rise of 2.31%. Meanwhile, MK has successfully gathered over $8,434,949.01 toward its target of $10,000,000.00.
1. The Graph (GRT)
The Graph is a key indexing protocol that helps facilitate data querying for various applications within the DeFi and broader Web3 landscape. The Graph aims to make decentralized public infrastructure available to more people. The Graph token, GRT, is locked up by Indexers, Curators, and Delegators to do essential jobs like indexing and curating data.
GRT is an ERC-20 token on Ethereum used to share resources in the network. People who actively work on indexing, curating, and delegating can earn money from the network based on how much GRT they have and their work.
Recent market data shows GRT’s price increased by 3.03% in the last 24 hours. It’s also trading above its 200-day moving average, which could mean good things for its future price. Furthermore, in the previous 30 days, GRT had 15 days where its price went up, showing a 50% positive trend.
The Graph Network offers benefits that are difficult to replicate with centralized systems.
🪄 Openness & composability of public subgraphs
🌐 Network effects & indexer redundancies
🏗️ Data flows more resistant to shut downs by a centralized entity— The Graph (@graphprotocol) January 25, 2024
Analysts think the price of GRT will keep going up. This matches the Fear & Greed Index, which shows investors are greedy about GRT. Overall, The Graph is getting attention for making decentralized infrastructure reliable, with GRT playing a key role in keeping everything running smoothly.
2. Ripple (XRP)
XRP continues to gain traction in the market. With its primary function as a bridge currency for cross-border fund transfers, XRP offers a cost-effective and swift solution for financial institutions.
Ripple’s blockchain maintains a secure and immutable record of transactions, including balances, accounts, and transfers through its XRP Ledger. This ledger is cryptographically protected using private and public key pairs, ensuring transaction security. Only holders of the private keys have the authority to approve transactions, adding an extra layer of trust to the system.
In recent crypto market activity, Ripple Labs’ altcoin XRP has attracted attention due to significant whale transactions. Whale Alert noted three transactions moving a total of 91.3 million XRP, valued at around $46.35 million. Among these, 51.3 million XRP were transferred to Bitstamp and Bitso, while an unidentified wallet received 40 million XRP via Bybit.
Concurrently, XRP’s price surged, crossing the $0.51 mark, indicating investor confidence in a bullish market trend. This surge could also be influenced by Ripple’s strategic moves in its legal battle with the SEC.
We’re moving money worldwide instantly, seamlessly, and cost-effectively with our global customers. 🌏
Check out our customer stories and discover how we help companies around the world accelerate their business. https://t.co/NEqDtYkS1E
— Ripple (@Ripple) January 29, 2024
Furthermore, Ripple is on an upward trajectory, registering a 1.31% increase over the past day. Moreover, the altcoin displays positive momentum, with a 3.81% weekly growth. XRP boasts high liquidity attributed to its substantial market capitalization. Additionally, XRP is actively traded on platforms like Binance, further enhancing its accessibility to investors and traders.
3. Sei (SEI)
Sei, a blockchain optimized for digital asset trading, stands out for its speed and efficiency. Its unique consensus mechanism and technical advancements make it one of the fastest blockchains available.
Moreover, Sei’s token, SEI, currently sits at $0.6612, showing a slight intraday increase of 2.31%. Over the last year, SEI has surged by a remarkable 8163%, making it a popular choice for investors. With high liquidity driven by its market cap and availability on Binance, Sei ranks 11th in the Proof-of-Stake Coins sector. The token also ranks 27th in the Layer 1 sector.
Building on sei? 🛠️
Let us know how we can help.
Tell us more about your project here:https://t.co/uzzd6yloTu pic.twitter.com/fS84wXmbao
— Sei 🔴💨 (@SeiNetwork) February 1, 2024
Introduced in August 2023, SEI reached its peak price by the end of the year, indicating its growing popularity and investor trust. Sei’s growth is fueled by its technological advancements and strategic market positioning, which attract investor interest and solidify its position in the market.
4. Meme Kombat (MK)
Meme Kombat is shaking up the scene with its blend of memes and competitive gaming. Built on the Ethereum network, it aims to create a fun and engaging gaming experience.
$8.4 million done in the $MK presale!
We're getting there fighters🥊 pic.twitter.com/DM97hLfXZh
— Meme Kombat (@Meme_Kombat) February 8, 2024
The Meme Kombat Token (MK) is used for all transactions within the game. One exciting feature is the live betting system, where players can stake tokens and earn Annual Percentage Yield (APY) at the same time. This system keeps fees low by using both on-chain and off-chain transactions.
Investors can stake their tokens or use them in battles within the game. So far, the project has raised over $8,434,949.01 out of its goal of $10,000,000.00. The Meme Kombat presale has attracted much interest, showing investors are excited about the project.
5. Celestia (TIA)
Since its launch in October, Celestia has remained a significant token in the cryptocurrency market. It offers a different way of doing things compared to other blockchain networks. Celestia provides a unique approach, allowing users to deploy their blockchain easily and with minimal hassle.
By separating execution from consensus through data availability sampling, Celestia aims to scale efficiently while offering developers the freedom to define their execution and settlement environments. Since its October launch, Celestia has steadily climbed the ranks, now firmly among the top 30 altcoins.
Furthermore, the token is currently priced at $19.62 and has experienced a 0.36% surge in the last 24 hours. The token reached its all-time high of $20.80 on February 9, 2024. Moreover, analysts predict Celestia could soon exceed the $23 mark. Investors are increasingly attracted to Celestia for its innovative blockchain approach.
Celestia’s ascent highlights its growing popularity among investors seeking new opportunities in the crypto space. Its modular design and scalability aim to revolutionize blockchain technology.
More users.
More blockspace.
Modular Expansion ✨↔️ pic.twitter.com/7EQ9EbkQIc— Celestia (@CelestiaOrg) February 8, 2024
Meanwhile, the market outlook is leaning towards the bulls as Bitcoin surged to nearly $47,000, hitting its highest point in a month. This surge is as the result of consistent capital flowed into several US funds dedicated to the cryptocurrency.
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