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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.
Explore the cryptocurrency market with our top picks for January 2. This article includes a selection of potential investment opportunities and crypto market trends, aiding informed decisions and empowering investors in navigating the crypto market wisely.
Best Crypto to Buy Now
Bitcoin has reached the $45,000 mark, hitting its highest value since April 2022. The increase is connected to a sense of positivity regarding the potential approval of exchange-traded spot Bitcoin funds. This situation highlights the persistent fluctuations within the cryptocurrency market and emphasizes how regulatory decisions can significantly influence its overall value.
Currently, the market is primarily fixated on the potential approval of exchange-traded spot bitcoin funds, playing a pivotal role in the recent upswing observed in Bitcoin’s valuation. As the crypto market evolves, this uprise further prompts investors to search for other coins to include in their portfolios.
1. Cosmos (ATOM)
The Cosmos community has recently endorsed a substantial allocation of over 975,000 ATOM to establish the ATOM Accelerator DAO (AADAO). This marks a development in the ongoing evolution of the Cosmos ecosystem. Moreover, this initiative aims to establish a community-owned organization committed to fostering and advancing the Cosmos Hub and its token.
However, in the past 24 hours, the ATOM price has experienced an uprise of 5.89%. Current sentiment analysis for Cosmos price prediction leans towards bullish, and the Fear & Greed Index indicates a score of 71 (Greed).
Cosmos’s current circulating supply is 381.23 million ATOM, with a yearly inflation rate of 33.13%. This resulted in 94.86 million ATOM in the past year. Also, Cosmos has demonstrated a 16% increase in price and is currently trading above the 200-day simple moving average.
Blockchain gaming enters the #interchain 💥@tokifinance is unlocking IBC for @oasys_games, an EVM-compatible blockchain focused on gaming.
Oasys is supported by leading game companies such as SEGA, Bandai Namco, Square Enix, and Ubisoft. pic.twitter.com/5raslHTn9w
— Cosmos – The Interchain ⚛️ (@cosmos) December 21, 2023
The cryptocurrency peaked on January 7, 2022, reaching an all-high of $44.47. In contrast, its lowest recorded value was on November 14, 2016, at $0.000104. Following its all-time high, the lowest price registered was $5.60, representing a cycle low. The highest price post-cycle low stood at $16.90, indicating a cycle high.
Notably, its performance has been positively compared to the token sale price, and it boasts high liquidity based on its market cap. Currently, Cosmos ranks 9th in the Proof-of-Stake Coins sector and 15th in the Layer 1 sector.
2. Theta Network (THETA)
Theta Network has experienced significant positive momentum over the past year. It is maintaining a consistent upward trend above the 200-day simple moving average. This indicates a prevailing bullish sentiment in the market.
The current price of Theta Network suggests a favorable plan for buyers, with continued growth evident in the charts. THETA has experienced a price increase of 40% over the past month.
Currently, the circulating supply of Theta Token is 870.50 million out of a maximum supply of 1.00 billion THETA. This supply data is crucial for investors seeking insights into the token’s market dynamics. Over the past year, Theta Token has seen a commendable 88% increase in price.
Today @PogDigital launches a new collection of vintage POG collectibles, originally co-created with Coca-Cola in the 1990s, as digital collectibles exclusively on Theta blockchain!
Exclusively on POGCHAIN.https://t.co/IZP2jziS2a
— Theta Network (@Theta_Network) December 15, 2023
In addition, THETA’s current trading position near its cycle high suggests a certain level of stability in the market. Moreover, the token boasts high liquidity, as evidenced by its market capitalization. This metric is essential for investors looking to gauge the token’s attractiveness and ease of trading.
3. ApeCoin (APE)
ApeCoin is navigating favorable market dynamics, marked by a Fear & Greed Index rating of 71 (Greed. The token also experienced a 50% positive trend over the past 30 days. ApeCoin boasts high liquidity, reflecting its substantial market capitalization.
In the last 24 hours, ApeCoin experienced a 6.75% uptick in price, contributing to its overall positive trajectory. With a circulating supply of 368.59 million out of a maximum of 1.00 billion, the coin exhibits a yearly supply inflation rate of 2.03%. However, creating 7.34 million ApeCoins in the past year.
The coin reached its pinnacle at $26.80 on April 28, 2022, and touched its lowest point at $1.008460 on October 10, 2023. Following this down, the coin’s subsequent high was $1.884960.
REQUEST FOR PROPOSALS: APECHAIN
The ApeCoin community seeks a proponent to build ApeChain. This RFP creates a structured process with consolidated voting and a clear timeline.
Follow the forum thread below for updates throughout this process:https://t.co/Jx0JgrDom5 pic.twitter.com/BGeStFATcb
— ApeCoin (@apecoin) December 29, 2023
Furthermore, ApeCoin holds commendable market cap rankings, securing the #13 position in the DeFi Coins sector and #27 in Ethereum (ERC20) Tokens. It also ranks #8 in NFT Tokens.
4. Uniswap (UNI)
Uniswap has experienced an intraday increase of 4.39%, trading above its 200-day simple moving average. Beyond financial gains, the decentralized exchange has strategically expanded its user support and market reach.
A notable development is Uniswap’s integration into the Bitcoin ecosystem through its launch on Rootstock. This diversification is aimed at strengthening Uniswap’s position within the cryptocurrency market.
The sentiment towards UNI’s price prediction is bullish, as indicated by a Fear & Greed Index reading 71 (Greed). Moreover, the circulating supply of UNI is 598.19 million out of a maximum supply of 1 billion UNI. The yearly supply inflation rate is -21.52%, indicating a decrease of 164.02 million UNI in the past year.
Explore trending tokens. Follow your favorite traders. 🏆
Download the Uniswap app.
Now on iOS and Android. pic.twitter.com/OJepYSjVyV
— Uniswap Labs 🦄 (@Uniswap) December 30, 2023
Furthermore, Uniswap holds the #4 position in the DeFi Coins sector and #2 in the Exchange Tokens sector. The token also ranks #1 in the Yield Farming sector and #7 in the Ethereum (ERC20) Tokens sector. UNI has experienced 17 green days in the last 30 days, representing a 57% positive trend. The project maintains high liquidity based on market capitalization, placing it among the best crypto to buy now.
5. Wall Street Memes (WSM)
Wall Street Memes (WSM) has recently undergone enhancements that position it as the best cryptocurrency to buy now. Established in 2020, WSM has cultivated a substantial online following, particularly across various social media platforms. The project aims to foster a community of finance enthusiasts by providing a platform for sharing views and facilitating connections.
Degens checking the earnings report pic.twitter.com/YZUZsFS4BD
— Wall Street Memes (@wallstmemes) December 31, 2023
WSM employs a unique approach, combining entertainment with informative content related to contemporary financial events. Therefore, memes and humor are utilized to distill complex financial news.
One notable aspect of WSM’s recent initiative is the implementation of rewards for token holders. This includes deflationary measures designed to increase the WSM in a holder’s portfolio consistently. Additionally, WSM offers access to a community of investors with shared perspectives on prosperity and wealth building.
The project’s utility is anticipated to grow over time, potentially mirroring the performance of cryptocurrencies like Shiba Inu. However, due to its strategic emphasis on functionality, WSM is positioned as a meme crypto with robust functionality. Investors are advised to closely monitor WSM’s activities and trends for potential insights into its future trajectory.
Visit the Wall Street Memes Page.
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