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Each day, we review some picks for the best cryptos to buy now based on the latest market movements, blockchain news, and trending narratives.
The Crypto market presents a list of tokens that make it through the challenges and offer potential returns. However, updating your portfolio with tokens that can withstand the downturn and succeed in the future can be challenging. Therefore, this article discusses the best cryptocurrencies with the most promising opportunities, providing insights into the most profitable options for potential investors. These projects listed below have excelled in market performance and real-world adoption.
Best Crypto to Buy Now
Several tokens have caught the attention of investors, including ORDI, Aave, and Tezos. This analysis explains why these cryptocurrencies are gaining traction and may hold promising potential for those looking to bolster their portfolios.
In other news, Binance Thailand has officially launched its cryptocurrency exchange, Gulf Binance, in Thailand. The exchange is the outcome of a collaboration between Binance and Gulf Innova, designed to function as both an exchange and brokerage platform, facilitating the seamless buying and selling of digital assets with local currency pairings.
1. ORDI (ORDI)
ORDI exhibits a positive trend on its daily chart, suggesting a potential upward momentum in the short term. Moreover, ORDI tokens are listed on major centralized crypto exchanges, contributing to their accessibility and market presence. In the past 24 hours, the ORDI price has risen by 3.52%.
One key indicator supporting the positive outlook is that ORDI trades above its 200-day simple moving average, indicating a sustained positive trend. Additionally, the coin boasts high liquidity, attributed to its substantial market cap. Binance facilitates the trading of ORDI, therefore adding to its market accessibility.
However, ORDI has experienced an adverse price movement in 40% of the last 30 days, amounting to 12 green days. Despite occasional fluctuations, the overall sentiment for ORDI’s price prediction is bullish. The Fear & Greed Index is currently at 64, which suggests that the market sentiment is driven by greed.
Furthermore, the current circulating supply of ORDI is 21.00 million out of the maximum supply of 21.00 million. This limited supply may contribute to its perceived value. Based on its market capitalization, ORDI holds the top position in the Bitcoin (BRC20) Tokens sector.
In conclusion, ORDI exhibits promising signs with its positive price trend, high liquidity, and strategic market positioning. While considering the nature of the cryptocurrency market, ORDI can be regarded as the best crypto to buy now.
2. Astar (ASTR)
Astar Network recently announced the impending launch of DApp Staking V3. This strategic move aims to enhance its network’s overall functionality and user experience. It explicitly targets optimizing the staking process for decentralized applications, accompanied by a refined token economy model.
The primary goal is to establish a more efficient and transparent system for users involved in the Astar Network. Moreover, the forthcoming update will impact builders and stakers significantly, necessitating increased user engagement for optimal reward outcomes. Astar’s native token, ASTR, is doing well, rising by 5.21% today.
ASTR is up by an impressive 8.86% gain last week, further escalating to a substantial 94.84% increase over the previous month. This upward momentum is reflective of heightened activity in the market, reinforcing the positive sentiment among buyers.
The dApp Staking v3 launch is coming soon!
This update will have profound affects for both builders and stakers, and require more active participation to obtain the highest rewards.
You can prepare for the upgrade to v3 by claiming your current rewards:https://t.co/Dg8DrbDglC
— Astar Network (@AstarNetwork) January 5, 2024
The current market outlook for Astar appears bullish, as evidenced by its price prediction sentiment and a Fear & Greed Index of 64 (Greed). Moreover, the project has experienced a yearly supply inflation rate of 44.82%, creating 1.70 billion ASTR in the last year.
3. Meme Kombat (MK)
Meme Kombat‘s presale has received substantial interest from investors, reflecting early enthusiasm for the platform. The project, primarily targeting gaming enthusiasts, offers a unique blend of staking and betting features to enhance the utility of MK tokens. Leveraging Ethereum’s decentralized power and cutting-edge technology, Meme Kombat aspires to deliver a distinctive and engaging gaming experience.
The strategic integration of these features is designed to provide users with opportunities to earn rewards. Therefore, it created a new standard in digital asset management by expertly combining on-chain and off-chain technologies. Moreover, the project’s whitepaper outlines a dedicated 10% allocation of tokens for liquidity when listed on decentralized exchanges.
$6.9 million! NICE! ♋️
We are pushing closer to $7 million raised in the $MK presale and we couldn't be happier! pic.twitter.com/A7hdOJ0j2p
— Meme Kombat (@Meme_Kombat) January 16, 2024
The token’s focus on utility sets it apart, making it an intriguing option for investors and users. The innovative platform and staking incentives position Meme Kombat as the best cryptocurrency to buy now.
4. Aave (AAVE)
Despite the overall sideways movement in the crypto industry, AAVE has caught investors’ eyes with an intraday increase of 5%. Initially trading between $99 and $104.32, AAVE’s value experienced an upswing, reaching $106.49, with a 24-hour trading volume of $275.04 million.
Furthermore, predictions suggest a positive trend for AAVE, and the market sentiment is leaning towards greed, as indicated by the Fear & Greed Index at 64. With 14.71 million AAVE in circulation out of a maximum supply of 16 million, the annual supply inflation rate stands at 4.35%. This translates to the creation of 613,251 AAVE in the last year.
Aave Governance V3 is now live! Built and implemented by @bgdlabs 👻 https://t.co/qzeMLhGQin
— Aave Labs (@aave) December 26, 2023
In addition, AAVE ranks 7th in the DeFi Coins sector and 14th in the Ethereum (ERC20) Tokens sector. AAVE’s price increased by 35% last year and is currently trading above its 200-day simple moving average. The project boasts high liquidity reflected in its market cap.
AAVE is making waves amidst the crypto sideways movements, showcasing a significant increase and positive indicators. With its current market position, AAVE is a remarkable token for those eyeing potential opportunities in the crypto market.
5. Tezos (XTZ)
Tezos has risen lately, showing positive signals and sentiment in the crypto market. The current signs suggest a potential for a significant price jump soon, thanks to a pattern that indicates bullish behavior.
Furthermore, Tezos hit its highest price on December 17, 2017, reaching $12.26, and its lowest on December 7, 2018, at $0.319784. After hitting a low, it bounced back to $9.08, marking a cycle high. Currently, the outlook for Tezos is positive, supported by a Fear & Greed Index score of 64, indicating a greedy market.
Excited about Web3 wallets and the Tezos ecosystem?
Watch the latest video here: https://t.co/KJSqWkfL0U
Perfect for those wanting a foundational understanding of Web3 wallets from a user's perspective.@beatkalipska
— Tezos (@tezos) January 15, 2024
Tezos witnessed a 12% price increase last year and is trading above the 200-day simple moving average. The yearly supply inflation rate is 5.44%, with 49.94 million XTZ.
In the market rankings, Tezos ranks 14th in the Proof-of-Stake Coins, leading in the Tezos Network sector. The token also ranks 35th in the Layer 1 sector. In addition, about 967.37 million XTZ is in circulation out of a maximum supply of 937.87 million.
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