Best Crypto to Buy Now January 1 - XRP, Celestia, Meme Kombat

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Crypto traders are always on the hunt for the best cryptocurrencies to buy on any given day – we list some high potential coins in this post.

Investors consistently seek substantial gains, making identifying market opportunities an ongoing pursuit. Recognizing the time and effort this demands, Insidebitcoins consistently curates a list of top tokens for investment, facilitating informed decisions and empowering investors to make sound choices in the crypto market.

Best Crypto to Buy Now

A noticeable shift is happening in the crypto market, mainly due to reallocation. Data from Coinalyze, a crypto-trading analysis platform covering January 2022 to date, shows a significant increase in interest in altcoins. At the same time, interest in Bitcoin has dropped.

According to S&P Global Market’s data, Binance Coin (BNB) gained a solid 16% during this period. Similarly, MultiversX and Optimism’s tokens both saw a 16% increase. Theta Network also made a mark with an almost 10% gain. This shift in focus suggests that investors are spreading their investments beyond Bitcoin to these alternative cryptocurrencies.

1. Ripple (XRP)

Mastercard has announced a collaboration with Ripple. This strategic initiative is anticipated to contribute to the mainstream acceptance and practical use of XRP in daily transactions. This collaboration has the potential to influence the value of XRP positively.

This partnership coincides with a notable surge in the asset’s price. Currently, market sentiment regarding the token’s price prediction is neutral. Analyzing the recent performance of XRP, the coin is trading above its 200-day simple moving average.

Over the past 30 days, XRP has experienced 17 days of positive performance, constituting 57% of the observed period. However, this indicates a consistent upward trend in the asset’s value. The yearly supply inflation rate is 7.69%, showing the creation of 3.86 billion XRP in the past year.

https://x.com/Ripple/status/1738258963706093802?s=20

In the Layer 1 sector, XRP currently holds the 5th position based on market capitalization. Collectively, these metrics provide a comprehensive overview of XRP’s current standing in the market, placing it among the best crypto to buy now.

2. Celestia (TIA)

Celestia is currently priced at $12.30, with an intraday trading volume of $228.72 million. The market capitalization is $1.90 billion, and the market dominance is reported at 0.11%. The circulating supply of Celestia is 154.41 million TIA tokens.

The Fear & Greed Index reflects a score of 65, indicating the market as “Greed.” Furthermore, the market sentiment regarding the token’s price prediction is optimistic. On December 24, 2023, Celestia achieved its all-time high price of $15.20.

While the lowest recorded price for Celestia is unavailable, the lowest since its all-time high was $11.43. However, the highest price since the last cycle low was $12.87, which was noted as the cycle high.

Celestia is trading near its cycle high, signifying a relatively robust market performance. The project exhibits high liquidity based on market capitalization, contributing to its stability and attractiveness for potential investors.

3. VeChain (VET)

VeChain has demonstrated notable performance metrics over the past year, reflecting a 119% increase in price. It also outperformed 58% of the top 100 crypto assets during this period. The token’s current circulating supply is 72.71 billion VET out of a maximum supply of 86.71 billion VET.

However, approximately 203.39 million VET were created last year. Notably, VeChain’s price experienced a cycle low at $ 0.014095, with a subsequent cycle high of $ 0.038807. The sentiment towards VeChain’s price prediction is neutral, indicated by the Fear & Greed Index registering at 65 (Greed).

It is noteworthy that VeChain maintains a positive trajectory by trading above the 200-day simple moving average, signaling stability and potential growth. Impressively, 57% of the last 30 days constituted green days, emphasizing a prevailing positive trend.

Comparatively, VET has displayed exceptional performance metrics. This includes currently holding the 22nd position in the Layer 1 sector based on market capitalization. The yearly inflation rate of 0.28% reflects a measured and sustainable approach to token creation, ensuring the ecosystem’s health.

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— vechain (@vechainofficial) December 29, 2023

In summary, VeChain’s performance metrics depict a picture of steady growth and stability over the past year. The project’s inflation rate, sentiment, and trading trends collectively contribute to its current standing in cryptocurrency.

4. Meme Kombat (MK)

Meme Kombat has attracted attention for its distinctive gaming features and the potential for passive income through staking. Notably, significant investors’ investment of $83,000 in $MK has brought added attention to the project.

Essentially, Meme Kombat combines various meme coins in a platform for players to engage in predictive betting on outcomes. As the altcoin season gains momentum, the $MK token is poised to move into its next stage.

$5.6 Million before it's 2024 here by us…

Let's see if we can reach 5.7 before the clock strikes 12🎉 pic.twitter.com/rynJPHnShk

— Meme Kombat (@Meme_Kombat) December 31, 2023

The introduction of the live betting system allows stakers to bet and earn the Annual Percentage Yield (APY) simultaneously. The staking mechanism is designed to be innovative and dynamic, utilizing both on-chain and off-chain transactions to reduce user fees.

Users can choose between staking and deploying tokens for battles within the integrated gaming system.

MK shares similarities with $PEPE as it operates on the Ethereum blockchain. It has successfully raised over $5 million in its Initial Coin Offering (ICO) and reached the 50% milestone. Interested investors can promptly stake $MK and earn a competitive APY of 184%.

With 76% of the total coin supply already sold and staked, Meme Kombat anticipates reduced selling pressure on exchanges compared to newly listed tokens. The token supply is capped at 120,000,000, with 50% allocated for the ICO. The remainder is distributed for staking, battle rewards, community incentives, and decentralized exchange liquidity. This thoughtful allocation strategy aims to cultivate a sustainable ecosystem for Meme Kombat.

Visit Meme Kombat Presale.

5. Maker (MKR)

Maker has attracted notable attention in recent market developments due to a substantial increase in accumulation. Three newly established wallets collectively acquired MKR tokens worth $18.6 million over the past week. An interesting facet of this acquisition is the choice of these buyers to withdraw their tokens from Binance.

This indicates an inclination towards self-custody, possibly anticipating a future price surge. This accumulation trend hints at a potential bullish outlook for MKR in 2024. Moreover, MKR’s circulating supply stands at 919,937 MKR out of a maximum supply of 1.01 million MKR.

Maker experienced a negative yearly supply inflation rate of -5.90%, translating to a net reduction of -57,694 MKR last year. As the Fear & Greed Index indicates, market sentiment leans towards a bullish trajectory with a score of 65 (Greed).

Furthermore, MKR experienced an impressive 244% price increase over the past year. The coin is trading above its 200-day simple moving average and is close to its cycle high. The project’s liquidity is marked by its market cap.

This is how hundreds of millions of DAI have been flowing from Maker to @sparkdotfi:

• Currently, 528 million DAI has been deposited into Spark, providing fresh and direct liquidity.

• The current debt ceiling is set at 800 million DAI.

• At the existing debt level, the… pic.twitter.com/vOUWZTEXgK

— Maker (@MakerDAO) December 8, 2023

In the DeFi Coins sector, Maker ranks #8 and #17 among Ethereum (ERC20) Tokens regarding market capitalization. Additionally, MKR has experienced fluctuations, reaching its peak value of $6,244.44 on May 3, 2021, and its lowest of $171.27 on March 16, 2020. Since the previous low, the price has ranged from $503.28 to $1,762.18.