Join Our Telegram channel to stay up to date on breaking news coverage
‘Best crypto to buy now’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.
Uncover insights into investment possibilities in the crypto market with our focus on promising coins, including Maker, Optimism, and Mina. This article simplifies complex information, offering easy-to-understand details about these assets and essential factors influencing investor strategies.
Best Crypto to Buy Now
In today’s analysis, we’ll focus on promising tokens that could offer good returns on investment. Specifically, this article will overview the strategic partnerships of Xai, the recent developments of Mina and Optimism, and assess Maker’s resilience in its ecosystem. Undoubtedly, these tokens exhibit factors that make them stand out as strong contenders for investment.
1. Optimism (OP)
Optimism has displayed robust performance in the crypto market, showcasing a 3.38% price increase over the past 30 days. Its trading volume of $312.07 million in the last 24 hours indicates active market participation. Plus, OP has demonstrated resilience by outperforming 60% of the top 100 crypto assets over the past year.
Furthermore, 214.75 million OP coins are available out of a total of 4.29 billion. Optimism is fifth in the Layer 2 sector based on market capitalization. The coin’s current market position reflects a substantial increase in demand and investor interest.
Currently, the token is trading above the 200-day average, which is a positive indicator. However, Investors and traders are advised to closely monitor OP’s trends, as the coin appears technically and fundamentally poised for potential explosive price gains.
2. Maker (MKR)
Maker (MKR) has demonstrated resilience in its ecosystem with a substantial volume of Real World Assets (RWA) transactions. This reflects sustained interest and activity amidst market volatility, signaling positivity for the protocol.
On another note, MKR is trading at $2,000, according to CoinMarketCap. The demand for this altcoin has gradually increased throughout the year, with a prevailing favorable attitude among investors.
Maker’s price prediction sentiment is bullish, and the Fear & Greed Index is 56 (Greed). Despite a positive sentiment and demand for MKR, concerns arise regarding the sustainability of this momentum if the decline in Real World Assets continues. The future leadership of MKR in the RWA space is uncertain, and potential ripple effects must be carefully considered.
DeFi thrives on its users' active participation, creating a more valuable financial ecosystem.
With the launch of the second annual State of DeFi survey, we're calling on you to contribute your unique views.
Your feedback is crucial in crafting the detailed public report that…
— Maker (@MakerDAO) January 16, 2024
However, Maker has a circulating supply of 922,147 MKR out of a maximum supply of 1.01 million. Maker holds a significant position in the DeFi Coins sector, ranking #6, and ranks #13 in the Ethereum (ERC20) Tokens sector.
In addition, one of Maker’s strengths lies in its high liquidity, which is attributed to its market cap. The token increased by 179% last year, outperforming Bitcoin and Ethereum. Additionally, it is currently trading above the 200-day simple moving average.
3. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix introduced a novel approach to cryptocurrency by allowing users to stake BTCMTX tokens for cloud mining credits. The primary goal is decentralizing control and providing token holders with a secure mining experience. Users can stake their BTCMTX tokens to gain cloud mining credits, ensuring a secure and transparent mining process.
https://twitter.com/bitcoinminetrix/status/1748752320798548469?s=20
The ongoing BTCMTX presale has raised over $9,019,290.68, with each token valued at $0.013. Interested investors still have the opportunity to purchase before the token’s price increases in a day. Bitcoin Minetrix has investors’ attention, positioning itself as a noteworthy cryptocurrency in the current market.
The project’s presale page indicates investors have a 4-day window before the BTCMTX price increases. Moreover, 42.5% of the BTCMTX tokens are allocated to fund Bitcoin Minetrix’s mining operations, while 35% is dedicated to marketing efforts and project growth. Additionally, 10% is set aside for community rewards, encouraging active participation in the project.
This growth signifies the project’s ability to engage participants and secure funding, showcasing market interest in its unique staking mechanism. For investors, carefully evaluating the project’s claims and staking structure is crucial before making any decisions.
Visit the Bitcoin Minetrix presale.
4. Xai (XAI)
Xai (XAI) has positioned itself as a Layer 3 blockchain tailored for the gaming industry, gaining prominence in the emerging GameFi sector. With a 42% surge, XAI has solidified its standing, propelled by a well-received airdrop and increased visibility on trading platforms.
Moreover, collaborations with major entities have strengthened its market presence, complemented by anticipation for its mainnet launch and boosting trading volume. The Xai Foundation recently introduced the XAI token, initiating an airdrop to reward users operating Sentry Nodes supporting the network. This resulted in a total airdrop value exceeding $151 million, given the distribution of 125 million XAI.
XAI’s resilience and growth have been outstanding, evidenced by a 3.29% rally in the last 24 hours. A total of 277.12 million XAI out of a maximum supply of 2.50 billion is currently in circulation. Therefore, it indicates a trading environment with high liquidity.
A recent development contributing to XAI’s positive momentum is the migration of Crypto Unicorns to the Xai gaming network. This migration has further strengthened XAI’s standing in the market.
🦄's are coming to X △ I
welcome home @crypto_unicorns, lets make @arbitrum gaming fun together. pic.twitter.com/z13QtqWJsd
— XAI 🎮⛓️ (@XAI_GAMES) January 18, 2024
In conclusion, Xai (XAI) exhibits promising growth within the GameFi sector, fueled by strategic initiatives and collaborations. While challenges exist in the broader cryptocurrency market, XAI’s recent achievements and partnerships position it as the best crypto to buy now.
5. Mina (MINA)
Mina has demonstrated a consistent upward trend in its price over recent sessions. It maintains a positive trajectory above its key Exponential Moving Averages (EMAs) within the bullish zone. The token’s growth indicates a favorable environment for bullish investors, showcasing sustained growth.
Presently, the price of Mina is on a path towards $2.00. MINA has witnessed an intraday price rally of 2.53%. Moreover, it has outperformed 77% of the top 100 crypto assets over the past year, surpassing the performance of both Bitcoin and Ethereum. The token is also the second fastest-growing ecosystem by full-time devs.
The circulating supply of Mina is 1.04 billion out of a maximum supply of 824.10 million MINA. Also, the token’s current annual supply inflation rate is 37.86%, creating 285.11 million MINA last year. Furthermore, Mina holds the 32nd position in the Layer 1 sector rankings.
Looking at the price prediction sentiment, it currently leans towards a bullish outlook. The Fear & Greed Index reflects a score of 56, indicating a state of greed in the market.
Last year, the ecosystem saw a 112% increase in full-time @MinaDevelopers (vs. an industry average loss of 15%)
Which means Mina is the second fastest growing ecosystem by full-time devs, an important metric for understanding where builders are actually committing their time and… pic.twitter.com/znWZo8tepB
— Mina Protocol (httpz) 🪶 (@MinaProtocol) January 19, 2024
In other news, Data from CFRA reveals that the Fidelity Wise Origin Bitcoin Fund attracted substantial investor interest, with inflows exceeding $600 million as of January 18. In spot bitcoin ETFs, this fund stands out for its impressive uptake. Meanwhile, the Grayscale Bitcoin Trust ETF has emerged as a heavyweight, boasting the largest assets under management (AUM).
Read More
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
