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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.
Investors are always on the lookout for top-performing cryptocurrencies that are on the rise. With so many options, finding the best ones can be overwhelming. InsideBitcoins has compiled a list of the best cryptocurrencies to buy right now, making it easier for investors to find promising tokens.
Best Crypto to Buy Now
This article discusses specific crypto projects, their purposes, plans, and other vital factors, helping investors make informed decisions. It analyzes the substantial growth of Arbitrum and the BNB’s recent collaboration. Furthermore, it examines the growth of Kaspa in the altcoin sector.
1. Arbitrum (ARB)
Arbitrum, a Layer 2 scaling solution for Ethereum, has experienced substantial growth in 2023. The native coin, ARB, exhibited a noteworthy 68% increase in the past month despite occasional bearish movements. This positive trend suggests a favorable outlook for ARB’s future.
In a recent development, Chainlink and Arbitrum announced the mainnet beta release of Chainlink Functions on Arbitrum One. This integration signifies a significant advancement in smart contract capabilities. Moreover, it aims to enable developers to link their decentralized applications (dApps) to any API with trust-minimized computations.
Arbitrum has attracted attention from prominent cryptocurrency analysts, especially following its peak at $1.74. This uptrend is promising for investors, supported by a 24-hour trading volume of $1.02 billion and high liquidity based on its market cap.
@Chainlink Functions is now live on Arbitrum!💙🧡
This integration enables Arbitrum developers to easily connect their smart contracts to any API.
Explore Functions' unique benefits and start building ⬇️https://t.co/mfAUqSpPSY
— Arbitrum (💙,🧡) (@arbitrum) January 25, 2024
Furthermore, the introduction of Chainlink Functions on Arbitrum One is set to elevate developer experience by offering cost-effective computation and access to Web2 data. This collaboration enhances the platform’s utility and aligns with its goal of facilitating efficiency while maintaining trust in decentralized ecosystems.
2. BNB (BNB)
BNB recently experienced an upward movement, reaching a peak of $690 on May 10. However, in line with the crypto market downturn, it subsequently experienced a correction. The current BNB price is $299, showing an increase of 1.90% in the past 24 hours.
The 24-hour trading volume for BNB stands at a substantial $44,791,373,743. Moreover, the token ranks 4th on CoinMarketCap with a live market cap of $1,013,472,666. The Fear and Greed Index sits at 49, signaling a neutral market sentiment, suggesting a cautious approach among investors.
In addition, BNB announced the upcoming launch of the GT Protocol on BNBCHAIN, aiming to integrate the Web3 AI Layer into the BNB ecosystem. This move seeks to foster mainstream adoption for DeFi markets through AI execution technology.
Technically, BNB is trading above its 200-day simple moving average, a positive indicator. Its performance compared to the token sale price has been favorable over time. Initially designed for use within the Binance exchange, BNB has expanded its utility beyond its initial purpose. Despite the neutral market sentiment, BNB continues to evolve in functionality and usage.
🚀 GT Protocol is launching on @BNBCHAIN on the 25th of January, at 10:00 AM UTC.
🦾 Bringing the Web3 AI Layer to the BNB ecosystem to drive mainstream adoption for DeFi markets through AI execution technology.
✅ 100 million users onboarding journey has began! Stay tuned! pic.twitter.com/msyYJlwVLL
— GT Protocol (@GT_Protocol) January 23, 2024
Furthermore, BNB’s recent price movements align with broader crypto market trends. Also, its technical indicators show how resilient the token is. While the market sentiment is neutral, BNB’s ongoing development and expanding use cases contribute to its relevance beyond its initial scope.
3. Kaspa (KAS)
Kaspa (KAS) has recently attracted attention in the altcoin market, exhibiting a 6.85% price increase in the last 24 hours. The coin is stabilizing at a support level of $0.1039 while the trading activity remains robust. Furthermore, the token boasts a substantial $88.51 million in volume and a market cap of $2.33 billion.
Also, there are 22.45 billion KAS out of a maximum supply of 28.70 billion in circulation. Moreover, the token’s yearly supply inflation rate is 53.33%, meaning approximately 7.81 billion KAS were created last year. Kaspa currently ranks 7th in the Proof-of-Work Coins sector and 22nd in the Layer 1 sector.
In addition, KAS has demonstrated an impressive surge of 1628%, surpassing 98% of the top 100 cryptocurrencies. Moreover, the coin consistently outpaces the 200-day moving average, indicating strong liquidity in the market.
The #Kaspa Next Gen (KNG), the successor to the KDX platform has just been released! #alpha
Please help us test it. You can find more details about this release at https://t.co/gA9sXKtiiR
The visualizer alone is worth the review!https://t.co/UrxCUMx2wA#RUST #10BPS $KAS pic.twitter.com/2dPRmwRaod— Kaspa (@KaspaCurrency) January 24, 2024
The community backing KAS appears enthusiastic, and the project boasts fortified fundamentals, positioning itself for potential expansion. From an investment standpoint, Kaspa exhibits significant growth potential, making it a noteworthy consideration in the crypto market.
4. Chiliz (CHZ)
Chiliz Chain recently announced its integration with Ramper. This integration marks a significant development in the decentralized sports and entertainment industry. The collaboration aims to simplify the usage of blockchain for developers, entrepreneurs, and communities.
By leveraging Ramper’s capabilities, the Chiliz ecosystem expands its reach, catering even to Web3 novices. The Ramper SDK facilitates secure connections through email or Single Sign-On (SSO). It further discreetly generates non-custodial wallets in the background. This integration aligns with Chiliz’s commitment to Web3 innovation and its vision to enhance the blockchain experience for sports and entertainment stakeholders.
The move coincides with a notable increase in Chiliz’s token price, rising by more than 6% and currently trading at $0.1118. Furthermore, the circulating supply is 8.89 billion CHZ out of a maximum supply of 8.89 billion. Chiliz is trading above its 200-day simple moving average, indicating a positive trend.
Moreover, the yearly supply inflation rate is reported at 44.83%, creating 2.75 billion CHZ last year. Additionally, the coin is positioned near its cycle high, further emphasizing its market strength. In the NFT Tokens sector, Chiliz holds the current ranking of #3, showcasing its significance in this segment.
5. Sponge V2 (SPONGEV2)
Sponge V2 has demonstrated significant growth lately. Investors have stacked over 6 billion $SPONGE tokens, valued at $3,958,206.14. Users benefit from a notable annual percentage yield (APY) of +250%, showcasing the project’s commitment to incentivizing participants.
The introduction of Sponge V2’s Play-to-Earn (P2E) game, available in both free and premium versions, allows players to earn V2 tokens. This contributes to the project’s utility and engagement. The staking of $4,006,400 SPONGEV2 tokens comes with a 269% reward rate, providing an additional avenue for user participation and rewards.
Sponge V2 has allocated a portion of its 150 billion token supply for staking rewards. Therefore, it emphasizes transparency and builds trust within the community. This approach aligns with the project’s focus on user incentivization and further establishes its credibility.
Huge milestone alert, #SPONGERS! 🔥
There are now over 6 billion $SPONGE tokens staked with a value of $3,958,206.14! 🤯
Our holders are enjoying an impressive current APY of +250%. 🚀
Join us and absorb the damp!! 🧽🧽💦💦#SpongeV2 #Crypto #Web3 #Alts #100x pic.twitter.com/llxFF0hfby
— $SPONGE (@spongeoneth) January 26, 2024
Furthermore, 8% of the token supply is dedicated to the Play-to-Earn gaming aspect, enhancing the overall utility of the tokens and encouraging active community involvement. Moreover, the evolution of SPONGEV2 underscores its commitment to delivering a strategic and user-friendly platform.
In the crypto scene, Swan Bitcoin has officially revealed the commencement of its Bitcoin mining venture, Swan Mining. The mining operation has been discreet since the previous summer, with the company now expressing its intention to broaden its institutional offerings.
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