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Best Crypto to Buy Now January 28 – Lido DAO, Axelar, Ripple

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AXL
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Best crypto to buy now’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.

Investors always want to make big profits, and finding good opportunities in the market is a constant goal. To help with this, Insidebitcoins regularly puts together a list of the best tokens to invest in. This makes it easier for investors to make smart decisions and choose wisely in the crypto market.

Best Crypto to Buy Now

Investors are eyeing these cryptocurrencies for potential growth and value. Lido DAO, known for its decentralized staking services, is gaining attention for its role in Ethereum 2.0 staking. Axelar is drawing interest for its innovative approach to interoperability. Also, XRP remains a focal point for investors, with its recent developments and partnerships adding to its appeal. As the crypto market evolves, these tokens are being closely monitored for their potential performance and impact in the coming days.

1. Ripple (XRP)

The number of small XRP wallets in XRP Ledger has recently increased. This indicates a growing interest in Ripple, the sixth-largest crypto by market cap. The XRP Ledger has now surpassed 5.02 million wallets holding non-zero Ripple coins. 

XRP Price Chart

Moreover, this marks the highest number of small wallets in its more than ten years of public trading. This growth represents a remarkable 104% expansion in the wallet network over the past three years. Furthermore, the surge in XRP wallets signals an increased investor interest and a broader adoption of the XRP Ledger. 

This uptick can be attributed to the Ledger’s improved scalability and efficiency in processing transactions. Moreover, there has been a noticeable rise in whale activity within the Ripple ecosystem, with transfers of Ripple to centralized cryptocurrency exchanges. This suggests heightened trading and investment activities among larger holders. Furthermore, the market dynamics of Ripple are influenced due to the substantial volumes involved in these transactions.

In addition, XRP has experienced an intraday increase of 0.20%. The token is priced at $0.53, with a 24-hour trading volume of $765.64 million. Currently, the token’s yearly supply inflation rate is 8.19%, creating a 4.11 billion XRP last year. Ripple currently holds the fifth position in the Layer 1 sector.

2. Lido DAO (LDO) 

Lido DAO (LDO) has recently introduced its wrapped staked ETH (wstETH) on the Mantle Network. Moreover, this move enables users to bridge their staked ETH into the Mantle Network ecosystem. It marks a step towards enhancing the scalability and efficiency of decentralized finance (DeFi) applications.

The integration of wstETH on the Ethereum Layer 2 network promises faster transactions and reduced fees for users interacting with the Mantle Network. Furthermore, this has attracted investors’ interest, evident in the current bullish sentiment surrounding Lido DAO’s token price prediction. The Fear & Greed Index is at a neutral 54, indicating a balanced market outlook.

LDO Price Chart

Moreover, the LDO token is currently valued at $3.15, with an intraday increase of 4.48%. The token experienced a 39% increase in price last year, outperforming 61% of the top 100 crypto assets during this period. It’s crucial to note that the current yearly supply inflation rate for Lido DAO stands at 184.45%, creating 577.25 million LDO tokens in the last year. 

3. Axelar (AXL) 

Axelar and Immutable have officially announced their integration, signaling a significant leap forward in Web3 gaming interoperability. This collaboration aims to empower game studios by facilitating player onboarding across over 50 blockchains. It further enhances liquidity through novel user funding channels. 

AXL Price Chart

Furthermore, players now gain the ability to bridge assets to and from Ethereum Layer 1 seamlessly. This is facilitated by using Immutable Passport and Immutable Checkout, simplifying deposit and withdrawal processes for users.

Axelar, currently drawing attention from crypto investors, has secured its position among the best crypto to buy now. Riding a 3.93% intraday surge, AXL has reached $0.9687, contributing to a market cap of $5,070,082 million. 

Moreover, Axelar has demonstrated impressive growth, with its price surging by 59%, surpassing the performance of 64% of the top 100 crypto assets. The token is listed on KuCoin and experiences active trading in the market.

4. Meme Kombat (MK)

Meme Kombat integrates various meme coins, allowing players to partake in predictive betting on outcomes. As the altcoin season gains momentum, the $MK token is poised to progress into its next stage. The token is currently priced at $0.279 in the presale, subject to subsequent increases until the official launch on Uniswap.

Furthermore, MK has generated a total of $7,596,818.50 thus far. The live betting system introduced by Meme Kombat enables stakers to bet and earn an Annual Percentage Yield (APY). The innovative and dynamic staking mechanism utilizes both on-chain and off-chain transactions to minimize user fees.

Having raised over $5 million in its Initial Coin Offering (ICO), MK has achieved the 50% milestone. Meme Kombat differentiates itself by offering staking APY on presale purchases, currently at an attractive 156%. Moreover,  80% of the total coin supply is already sold and staked. 

The token supply is capped at 120,000,000, with 50% allocated for the ICO. The remainder is distributed for betting, battle rewards, community incentives, and decentralized exchange liquidity. This strategic allocation aims to foster a sustainable ecosystem for Meme Kombat. As Meme Kombat approaches its official launch, the project is positioned to carve out a distinctive space within the crypto community. 

5. Akash Network (AKT) 

Artificial Intelligence tokens are gaining traction among investors, with particular attention on the Akash Network. AKT surged by 12.5% during the early trading hours, making it the best crypto to buy now. Since mid-October 2023, AKT has displayed a robust recovery trend, initiating from a low of $0.74. 

The coin has witnessed an impressive surge of nearly 178.82% over the past three months. Akash Network is currently priced at $2.98, with a daily trading volume of $3 million. The coin boasts a market capitalization of $675 million, holding a market dominance of 0.04%. 

AKT Price Chart

Furthermore, AKT has experienced a price increase of 0.50% in 24 hours. Technical analysis indicates that AKT is trading above the 200-day simple moving average, a positive signal for investors. In addition, the coin’s performance is favorable compared to its initial token sale price. 

Moreover, the overall sentiment for AKT’s price prediction is bullish, aligning with a Fear & Greed Index score of 54, indicating a neutral market sentiment. In summary, the market’s current sentiment suggests optimism, although investors must conduct thorough research before making financial decisions.

Reflecting on the crypto market, FTX, the cryptocurrency trading platform that faced a collapse in 2022, has begun liquidating its crypto assets. The platform, currently under the guidance of bankruptcy advisers, aims to amass sufficient cash reserves to address the frozen accounts of its customers.

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