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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.
Finding the best digital assets is a crucial decision for investors. However, various factors come into play, influencing the value and potential growth of different coins. This article explores the best crypto to buy now, touching on key considerations, market trends, and factors investors may want to weigh when making decisions in the market.
Best Crypto to Buy Now
The cryptocurrency market witnessed a significant development with the introduction of the first spot Bitcoin ETFs on U.S. markets. These newly introduced funds, distinctively holding actual Bitcoin rather than futures, immediately attracted attention from investors.
According to data compiled from Yahoo Finance, the collective trading volume for the 10 recently launched Bitcoin spot ETFs surpassed $4.5 billion on their inaugural day. Moreover, the Grayscale Bitcoin Trust (GBTC) led the group, achieving an impressive trading volume of $2.3 billion. Additional performers included IBIT, Fidelity’s spot Bitcoin offering, and Hashdex’s fund (Futures).
1. VeChain (VET)
VeChain (VET) has evolved a lot since it started in 2015. Initially, it was a private institute chain but later became a public blockchain. Positioned as an enterprise-grade L1 smart contract platform, VeChain’s primary objective is to bring about transformative changes across global industries, encompassing medical, energy, food & beverage, and sustainability.
VET price has experienced a subtle intraday increase of 0.66%. The sentiment in VeChain’s price prediction leans towards a bullish outlook, with a Fear & Greed Index indicating a value of 71 (Greed). VeChain boasts high liquidity, supported by its market capitalization, and actively trades on Binance.
In addition, VeChain has demonstrated a noteworthy performance, with a price surge of 75% last year. This growth has outpaced 58% of the top 100 crypto assets, positioning it as a competitive player in the market.
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Furthermore, the token trades above its 200-day simple moving average, indicating a positive trend. The token’s circulating supply is 72.71 billion out of a maximum supply of 86.71 billion VET. The yearly supply inflation rate is 0.28%, creating 203.39 million VET last year.
2. Theta Network (THETA)
Theta Network (THETA) has exhibited significant positive movement over the past year. It consistently maintained an upward trend above the 200-day Exponential Moving Average (EMA). Despite this, current sentiment regarding THETA’s price prediction remains neutral, while the Fear & Greed Index registers at 71 (Greed).
Analyzing its recent price action, it appears favorable for potential buyers, with the charts depicting sustained growth activity. Last month, the total price increase amounted to 7.32%, reflecting positive performance compared to the token sale price.
Furthermore, Theta Token has demonstrated stability with 15 green days in the last 30 days, representing a 50% positive trend. Its high liquidity, as indicated by its market capitalization, is a notable feature. The token is actively traded on Binance, contributing to its accessibility in the market.
In addition, the current circulating supply is 870.50 million THETA out of a maximum supply of 1.00 billion THETA. Within the Ethereum (ERC20) Tokens sector, Theta Token ranks 20th based on market cap rankings. It also ranks #3 in the NFT Tokens sector, #3 in the Metaverse sector, and #38 in the Layer 1 sector.
3. Mantle (MNT)
Mantle boasts high liquidity, as evidenced by its market capitalization. Currently trading on KuCoin, the token has seen positive performance, with 17 out of the last 30 days marked by gains (57%). MNT has seen an uptick in its token price, exhibiting a 33.02% increase over the past 7 days.
This surge is attributed to the growing attention on Layer 2 protocols, particularly in light of Ethereum’s recent upswing. Furthermore, the Mantle price prediction leans towards a bullish outlook. This sentiment aligns with the Fear & Greed Index, which registers at 71 (Greed).
Mantle reached its peak price on January 11, 2024, hitting an all-time high of $0.849765. However, its lowest recorded price is $0.00, with the post-ATH cycle low at $0.775921. The highest price since the last cycle low was $0.822764, reflecting fluctuations in value.
In addition, MNT currently circulates 3.13 billion MNT out of a maximum supply of 6.22 billion. Within the Ethereum (ERC20) Tokens sector, Mantle ranks 10th, and in the Layer 2 sector, it ranks 4th based on market capitalization.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix currently holds a significant stake, surpassing 400,000 BTCMTX tokens. Based on increased token staking, the platform boasts an initial annual percentage yield (APY) of 103,225%, subject to change.
Furthermore, the distribution plan allocates 15% for rewarding active community involvement, while the remaining 7.5% is reserved for BTCMTX staking rewards. The project has raised over $8,267,910.1 out of the targeted $9,103,393. The token is currently priced at $0.0128 per token, with a 4-day window before the subsequent price increase.
Bitcoin Minetrix (BTCMTX) integrates tokenization and addresses prevalent concerns associated with existing cloud mining platforms. The project seeks to establish a secure and transparent decentralized Bitcoin (BTC) mining environment.
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— Bitcoinminetrix (@bitcoinminetrix) January 11, 2024
Investors had the opportunity to acquire 70% of the total token supply, amounting to 2.8 billion BTCMTX, utilizing Ethereum (ETH) or Tether (USDT), with a minimum investment of $10. This strategic token distribution aligns with Bitcoin Minetrix’s emphasis on fortifying mining infrastructure and fostering the progressive growth of its platform.
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5. Bitget Token (BGB)
Bitget Token collaborated with Chainalysis, integrating the Chainalysis compliance solution into its platform. This move aims to optimize Bitget’s Anti-Money Laundering (AML) risk management strategy. By leveraging Chainalysis, BGB intends to enhance its ability to identify risks early, conduct efficient transaction analysis, and improve due diligence processes.
The integration of Chainalysis into Bitget’s platform equips the compliance team with a comprehensive toolset. This includes intuitive user interfaces, effective workflow management, and a risk dashboard to facilitate strategic decision-making. The primary goal is to fortify Bitget’s defense mechanisms, ultimately fostering a safer user trading environment.
The collaboration appears to have impacted Bitget Token’s recent price movement. The token has increased by 0.56% in the last 24 hours. The sentiment regarding Bitget Token’s price prediction is bullish, complemented by a Fear & Greed Index showing a value of 71 (Greed).
Over the past year, the token has demonstrated a noteworthy price surge, boasting a 234% increase. Impressively, it has outperformed 85% of the top 100 crypto assets during this period, including notable outperformance against Bitcoin and Ethereum.
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— Bitget (@bitgetglobal) January 12, 2024
Furthermore, Bitget Token’s current circulating supply is 1.40 billion BGB out of a maximum supply of 2.00 billion. The yearly supply inflation rate is 180%, creating 900 million BGB over the past year. Within the Exchange Tokens sector, Bitget Token currently holds the 7th position.
Technically, Bitget Token is trading above the 200-day simple moving average, indicating a positive trend. In the last 30 days, the token has experienced 17 green days, accounting for 57% of the observed period. Additionally, the token demonstrates high liquidity based on its market cap.
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