Join Our Telegram channel to stay up to date on breaking news coverage
InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.
For many investors, figuring out the best tokens is an ongoing challenge. The crypto market keeps changing, with new and existing currencies fluctuating. This article discusses factors such as market performance, technological innovations, and overall potential for market gains.
Best Crypto to Buy Now
Investors are taking precautionary measures, with some opting to increase their put positions to mitigate potential risks associated with a negative outcome for the spot Bitcoin ETF around the SEC’s January 10 deadline. The put-to-call ratio has consequently risen, indicating a more bearish stance among traders. The optimism surrounding the potential approval of ETFs has led options traders to adopt a bullish outlook on Bitcoin prices.
1. Osmosis (OSMO)
Osmosis (OSMO) recently saw an intraday increase of 3.02%. Moreover, its highest value was $11.18 on March 4, 2022, and the lowest was $0.224557 on October 19, 2023. Since reaching its highest, the lowest it went was $0.224557, and the highest after that was $2.14.
In addition, Osmosis has a positive price prediction, and the Fear & Greed Index is 73, indicating a greedy market sentiment. The circulating supply of OSMO is 282.46 million out of a maximum supply of 1.00 billion.
Introducing Staking v1 🧪
An evolution in staking your assets and unifying the DeFi experience directly on Osmosis.
🧵⬇️ pic.twitter.com/umHpmTbr0L
— Osmosis 🧪 (@osmosiszone) January 8, 2024
Over the past year, OSMO’s price increased by 137%, outperforming 74% of the top 100 cryptocurrencies. It’s trading above the 200-day simple moving average, signaling a positive trend. In the last 30 days, OSMO recorded green days 63% of the time, and it boasts high liquidity based on its market cap.
2. VeChain (VET)
VeChain’s recent price movements display a pattern within an ascending triangle. The price has fluctuated between $0.037 and $0.029 in the short term, indicating a prevailing bearish trend. However, VeChain has demonstrated a commendable surge of over 16% over the past month.
Moreover, the sentiment for VeChain’s price prediction is currently neutral, with the Fear & Greed Index registering 73 (Greed). VET has a circulating supply of 72.71 billion VET out of a maximum supply of 86.71 billion. The yearly supply inflation rate is 0.28%, creating 203.39 million VET last year.
In the Layer 1 sector, VeChain is presently ranked at #24. The liquidity of VeChain is deemed high, aligned with its market capitalization. The yearly inflation rate, at 0.28%, reflects a measured increase in the token supply.
#VeChainThor is redefining the blockchain landscape with our enterprise-grade Layer-1 platform.
Here's how 🧵 pic.twitter.com/PT1OxsizfG
— vechain (@vechainofficial) January 8, 2024
Over the past year, VeChain has witnessed a 72% increase in price, outperforming 59% of the top 100 crypto assets during this period. Furthermore, the current trading position is above the 200-day simple moving average, suggesting a potential underlying strength in the VET market.
3. Oasis Network (ROSE)
Oasis Network, currently priced at $0.119747, exhibits a 24-hour trading volume of $95.69M, holding a market cap of $803.93M. The token ranks #16 In the Proof-of-Stake Coins sector and #5 in the AI Crypto sector.
ROSE price has experienced a 0.26% increase in the last 24 hours. The sentiment regarding the Oasis Network price prediction is currently bullish, as indicated by a Fear & Greed Index score of 73 (Greed).
Furthermore, there is 6.71 billion ROSE in circulation out of a maximum supply of 10 billion. However, the current yearly supply inflation rate is 17.25%, creating 987.88 million ROSE in the past year.
Oasis Network reached its highest price on January 15, 2022, hitting an all-time high of $0.592943. However, its lowest price was $0.032259 on November 26, 2020. The price of ROSE has seen an increase of 201%, outperforming 80% of the top 100 crypto assets during this period.
Our chosen family 💙
Oasis Sapphire & the Oasis Privacy Layer equip developers, users, and existing Web3 projects with Smart Privacy — customizable privacy that is designed to scale Web3 adoption, usability, and security
Join us! 👉 https://t.co/ZtCDHupfkR pic.twitter.com/vFntVp3l6E
— Oasis (@OasisProtocol) January 8, 2024
The project boasts high liquidity based on its market cap. Currently trading above the 200-day simple moving average, ROSE has seen 16 green days in the last 30 days, accounting for 53% of the observed period.
4. Akash Network (AKT)
Akash Network is a decentralized cloud computing marketplace focusing on advancing AI capabilities. It established a pooled marketplace for GPUs, aiming to enhance accessibility for AI developers and researchers. The project’s primary objective is democratizing the availability of GPU resources for AI, providing an alternative to traditional cloud computing.
This is in line with its commitment to expanding the reach of AI and ensuring secure computing options. AKT tokens are limited to a few exchanges and have not been listed on Tier-1 platforms. Despite this, the token has attained a market cap of $738.44M, experiencing a 102.72% price increase over the past month.
In the last 24 hours, the AKT price has slightly increased by 4.51%. Furthermore, the token has grown substantially, a remarkable 1,344% increase. This places Akash Network in the top tier, outperforming 98% of the top 100 crypto assets during this period.
The circulating supply of AKT stands at 224.83M out of a maximum supply of 388.54M, indicating a yearly supply inflation rate of 97.46%. Moreover, 110.96M AKT was created last year. The Fear & Greed Index currently registers 73, indicating a state of greed, placing it among the best crypto to buy now.
Akash Prop 240 is on track to pass with an overwhelming majority of the vote.$AKT Provider Incentives are on the way — which will enable NVIDIA A100s for as low as $0.79/hour. https://t.co/mKQTGAKCwb
— Akash Network (@akashnet_) December 30, 2023
The AKT price prediction sentiment is bullish, and the token is trading near its cycle high. The project ranks 17th in the Proof-of-Stake Coins sector and 6th in the AI Crypto sector. It’s worth noting that while Akash Network’s performance metrics are positive, potential investors should carefully consider the risks associated with investing in any cryptocurrency.
5. Sponge V2 (SPONGEV2)
Sponge V2 has undergone a significant transformation last year, with its market capitalization rising from $1 million to $100 million. The project’s focus on enhancing its market presence suggests a commitment to solidifying its legacy. It also provides appealing opportunities for existing and prospective investors.
One noteworthy aspect of Sponge V2 is its adoption of the Stake-to-Bridge model. This model is designed to facilitate a seamless transition for $SPONGE holders to V2. Users can stake their V1 tokens, which will remain locked in for four years, offering a minimum annual percentage yield (APY) of 40%.
This approach rewards loyalty while ensuring a smooth shift for token holders. A key feature distinguishing Sponge V2 is incorporating a Play-to-Earn (P2E) game, available in free and premium versions. The game allows players to earn V2 tokens, adding utility and interactive appeal to the project.
📣 Daily Staking Update! 🧽💦
As of today, a massive 4,520,997,010 $SPONGE tokens are staked, valued at an impressive $4,241,497.98! 🌟
With an APY of 357%, the potential is huge. 🤯
Stake now and be a part of our growing success!#SpongeV2 #MemeCoin #Presale pic.twitter.com/OEkXcsmsgW
— $SPONGE (@spongeoneth) January 10, 2024
Moreover, this introduces a playful yet rewarding element for users. Sponge V2 has a total token supply of 150 billion, emphasizing community engagement and user rewards.
In addition, 8% of the token supply is allocated for the Play-to-Earn gaming aspect, contributing to the overall utility of the tokens. Sponge V2‘s evolution showcases its commitment to providing a strategic and user-friendly platform. The Stake-to-Bridge model and the introduction of a Play-to-Earn game reinforce the project’s appeal.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
