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‘What is the best crypto to buy right now?’ is a common question asked by investors – in this article, we explore a range of tokens to watch.
Investors are constantly searching for the best cryptocurrency to invest in. The crypto market offers opportunities for tokens to experience growth, attracting investors. This article examines those tokens with the potential for substantial returns. Furthermore, it will analyze the factors driving the rise of these particular cryptocurrencies.
Best Crypto to Buy Now
Altcoins are braced for a potential surge as the market expects a sustained green candle. NEAR is riding the wave of a 51% increase over the last 30 days. Moreover, TRON is attracting interest after its recent Mercado Bitcoin Exchange platform launch. MK has also raised $7,035,142 in its ongoing presale, attracting traders’ interest.
Meanwhile, the overall sentiment among crypto traders remains optimistic despite a more than 10% decline in the market value of Bitcoin (BTC) since the introduction of spot ETFs in the U.S. just a week ago.
1. NEAR Protocol (NEAR)
NEAR Protocol (NEAR) shows impressive strength amid unpredictable Bitcoin prices and market ups and downs. NEAR saw a significant 51.18% jump last month, with a 4% intraday increase.
Moreover, the platform partnered with EigenLayer to establish the world’s first “fast finality layer” for Ethereum Layer 2s. During NEARCON’23, NEAR Protocol unveiled developments aligned with Ethereum’s rollup-centric roadmap. This makes NEAR an excellent fit for Ethereum Layer 2s, especially in how it deals with transactions.
This partnership also sparked increased demand for NEAR. People seem optimistic about NEAR’s future, with the current sentiment leaning towards a bullish outlook. Additionally, NEAR Protocol has experienced a robust price increase of 54%, outperforming 59% of other top 100 cryptocurrencies.
NEAR enables multi-chain capabilities, making it the preferred platform for developers to build on and users to transact with.
Unlock the future of seamless cross-chain transactions without the need for complex bridging. pic.twitter.com/HA06iVehTn
— NEAR Protocol (@NEARProtocol) January 17, 2024
Furthermore, NEAR currently has 1.00 billion NEAR in circulation out of a maximum supply of 1.00 billion. NEAR Protocol had an annual supply inflation rate of 20.99% last year, creating about 174.33 million NEAR tokens. NEAR Protocol is ranked 18th in the Layer 1 sector.
2. TRON (TRX)
TRON recently joined the Mercado Bitcoin Exchange; this reflects TRON’s growing global presence and Mercado Bitcoin’s charge to lead the digital economy.
This collaboration aims to broaden the adoption and understanding of cryptocurrencies in Latin America and beyond. TRX has witnessed increased demand since its inclusion on Mercado Bitcoin. The token has gone up by 1.83% and is trading above the 200-day simple moving average.
Currently, 92.35 billion TRX is circulating out of a maximum supply of 99.28 billion TRX. Also, the token ranks 5th in Proof-of-Stake Coins, 1st in the Tron Network sector, and 9th in the Layer 1 sector.
Furthermore, TRON’s current market sentiment appears optimistic, as reflected by a Greed rating of 63. Moreover, TRX is actively traded on Binance. Over the past year, TRX has seen a 78% price increase, with 16 positive trading days out of the last 30, indicating a 53% positive trend.
$TRX, #TRON Network's native utility token launches on the LARGEST crypto exchange in Brazil, @MercadoBitcoin! 🇧🇷
We're thrilled to play a role in advancing #blockchain tech in Brazil and remain committed to our mission of making our network accessible to all 8B people globally.… pic.twitter.com/kmr25JnJiY
— TRON DAO (@trondao) January 11, 2024
In conclusion, Mercado Bitcoin’s strategic inclusion of TRX aligns with the exchange’s goal to introduce credible digital assets. The partnership boosts TRON’s global presence, placing it among the best crypto to buy now.
3. Render (RNDR)
Render Token (RNDR) is a standout token in the blockchain and digital rendering space, marked by strategic advancements in its approach. The token, currently priced at $4.13, holds a solid market stance with a #50 rank on CoinMarketCap and a market cap of approximately $1.53 billion. Moreover, RNDR has exhibited an impressive growth of 617.77% over the past year.
Render Token’s unique decentralized graphics rendering method has attracted investors’ attention. With a current yearly supply inflation rate of 45.63%, 115.82 million RNDR tokens were generated last year. As indicated by the Fear & Greed Index at 63 (Greed), the market sentiment suggests a prevailing sense of optimism.
However, it’s worth noting that the sentiment regarding RNDR’s future price is currently leaning towards a bearish outlook. Regarding sector rankings, Render Token ranks #15 in the Ethereum (ERC20) Tokens and #4 in the AI Crypto sector. The circulating supply of RNDR is 369.61 million out of a maximum supply of 536.87 million.
This BTN dives into @rendernetwork's key technologies important to making @AppleVisionPro & mixed reality accessible to the masses, paving the way for a new era in spatial computing 💫⬇️https://t.co/yr1roIpNnY
— The Render Network (@rendernetwork) January 9, 2024
Furthermore, RNDR has outperformed 95% of the top 100 crypto assets over the past year. However, it’s essential to consider factors such as the inflation rate and market sentiment when evaluating its performance.
4. Chainlink (LINK)
Chainlink’s recent integration of Circle’s Cross-Chain Transfer Protocol (CCTP) marks a significant development in the crypto space. This collaboration enhances the Cross-Chain Interoperability Protocol (CCIP), allowing seamless transfers of USDC across different blockchain networks. Developers can now construct cross-chain applications using CCIP, facilitating the movement of USDC for various purposes.
These purposes include payments and interactions within decentralized finance (DeFi) protocols. The integration is not limited to a single blockchain but extends support to major and layer2 networks. Moreover, this expansion broadens the scope of use cases for USDC, particularly in cross-chain transfers and DeFi activities.
This development has boosted demand for Chainlink’s native token, LINK. The token currently trades at $15.37, with a weekly gain of 1.44%. The market sentiment appears bullish, reflecting a positive outlook on the charts. The intraday trading volume is $1.14 billion, complemented by a market capitalization of $8.74 billion.
#Chainlink CCIP now supports cross-chain USDC transfers through a new integration with @circle Cross-Chain Transfer Protocol (CCTP).
CCIP's defense-in-depth infrastructure helps ensure that cross-chain USDC transfers are supported by the highest possible level of security.… pic.twitter.com/Dj9FTBtSrH
— Chainlink (@chainlink) January 16, 2024
Chainlink has demonstrated impressive performance, outperforming 76% of the top 100 crypto assets. Additionally, it has surpassed both Bitcoin and Ethereum in its upward trajectory. The project boasts high liquidity, attributed to its substantial market cap. In addition, Chainlink is actively traded on Binance, adding to its accessibility and exposure within the crypto community.
5. Meme Kombat (MK)
Meme Kombat primarily targets gaming enthusiasts and aims to provide a unique combination of staking and betting features to enhance the practicality of its native MK tokens. Active engagement in MK’s presale indicates an early interest from potential investors.
The token has raised $7,035,142.39 in the ongoing presale out of its $8,000,000.00 goal. The current presale offers 50% of MK tokens at $0.279 each, with a capped limit of $10 million. This aligns with the project’s commitment to fostering decentralized and seamless trading of MK tokens.
Moreover, an important aspect outlined in the project’s whitepaper is allocating 10% of tokens for liquidity when listed on a decentralized exchange. This strategic move aims to ensure sufficient liquidity, facilitating smooth trading experiences for MK token holders.
We've achieved an incredible milestone with $7 million raised in the $MK presale! 🎉
Congratulations, everyone! Now, let's rally together to reach $8 million and bring us even closer to our goal! 🚀🤩 pic.twitter.com/mh0yb8A0Pk
— Meme Kombat (@Meme_Kombat) January 18, 2024
Furthermore, Meme Kombat’s emphasis on utility positions the token as an intriguing option for investors and users. The strategic integration of staking and betting functionalities provides users with opportunities to accrue rewards, adding practical value to MK tokens. The platform’s innovative approach, incorporating staking incentives, sets it apart in the competitive meme coin space.
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