Search Inside Bitcoins

Best Crypto to Buy Now January 31 – Arbitrum, aelf, Chainlink

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

ELF
ELF

Join Our Telegram channel to stay up to date on breaking news coverage

InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.

This article focuses on cryptocurrencies that have emerged prominently amid recent price fluctuations, attracted investor interest, or demonstrated development initiatives. These selections weathered market volatility and showcased qualities that make them stand out, offering potential investment opportunities for those seeking promising assets. The analysis provides investors with valuable insights into potential areas of investment consideration.

Best Crypto to Buy Now

Furthermore, altcoins have taken center stage amid growing excitement surrounding Ethereum’s ETFs, creating a ripple effect in the cryptocurrency market. The analysis suggests altcoins that can be added to investors’ portfolios for substantial growth. Arbitrum, for instance, launched the ArbitrumOrbit Expansion Program, enabling users to customize their Orbit chains directly on the Ethereum network. It further analyses Sei’s partnership with Kado, and aelf’s collaboration with Plug and Play.

1. Arbitrum (ARB) 

Arbitrum is initiating the ArbitrumOrbit Expansion Program, allowing users to tailor their Orbit chains with direct settlement on the Ethereum network. Profits will be shared with the Arbitrum Developer Guild, supporting core development. This program offers comprehensive support for teams, enabling highly customized chain configurations and dedicated blockchain space. 

ARB Price Chart

It also enables custom gas tokens and potential additional services from the Arbitrum community. Furthermore, Chainlink and Arbitrum have launched the mainnet beta release of Chainlink Functions on Arbitrum One. This integration marks a significant leap in smart contract capabilities, empowering developers to link dApps to any API with trust-minimized computations.

Arbitrum has garnered attention with promising uptrends for investors. The 24-hour trading volume is $1.09 billion, indicating high liquidity based on its market cap. Moreover, the Arbitrum crypto’s value is $1.86, with a market cap of $2.37 billion. The Fear & Greed index rating of 60 (Greed) has analysts bullish about Arbitrum, foreseeing a potential surge to $3.06 for ARB within Q2 of 2024.

2. Chainlink (LINK)

Chainlink (LINK) has shown significant trading activity, exhibiting a 5.38% surge in 24 hours, reaching a price of $15. This recent surge has propelled Chainlink to the 12th position by market capitalization. Despite ongoing consolidation in the broader market, Chainlink aspires to secure a spot among the top ten cryptocurrencies.

LINK Price Chart

The consistent upward trend in Chainlink’s price signals a growing bullish momentum. Moreover, the Cross EMA 50/200 day suggests a high likelihood of a Golden Cross, indicating substantial price action in the days ahead.

Furthermore, Chainlink has seen an impressive 128% increase in price last year, surpassing 80% of the top 100 crypto assets. This upward trajectory is further supported by high liquidity, as reflected in its market cap. LINK is actively traded on the Binance platform.

Chainlink’s current circulating supply is 568.10 million LINK out of a maximum supply of 1.00 billion. The yearly supply inflation rate is 11.83%, creating 60.10 million LINK last year. As LINK strives for a top-ten market cap position, the project’s goals and claims align with its upward momentum and ongoing developments in the cryptocurrency market.

3. Sei (SEI)

Sei is demonstrating positive momentum, with its current price holding steady at $0.7034 and a 24-hour trading volume of $5 million. The Sei project offers a Layer 1 blockchain designed specifically for trading purposes. This specialization positions Sei as a standout option in the crypto market.

SEI Price Chart

Furthermore, Sei recently announced a collaboration with Kado. This collaboration aims to facilitate direct onramping to Sei for users in over 160 countries through standard fiat payment methods. It also allows developers on the Sei Network to integrate fiat onboarding directly into their applications. 

In addition, it enhances user experience by eliminating the need to navigate away from the app. Moreover, Kado plans to partner with all decentralized application builders within the Sei ecosystem. The aim is to streamline onboarding processes for specific use cases, further solidifying Sei’s presence in the market.

Sei’s high liquidity is evidenced by its market capitalization, contributing to its appeal. Moreover, there are 2.43 billion SEI in circulation out of a maximum supply of 10 billion SEI. Sei is currently ranked #10 in the Proof-of-Stake Coins sector and #25 in the Layer 1 sector.

4. Sponge V2 (SPONGEV2)

SPONGEV2 is an upgraded version of the original SPONGE meme coin. Sponge V2 introduces distinct tokenomics while preserving the essence of its V1 counterpart. Both tokens belong to the meme and ERC-20 token categories, collectively contributing to the growth of the Sponge ecosystem.

Moreover, SPONGEV2 aims to surpass V1 rather than coexist, employing a unique approach. Investors acquire V2 tokens exclusively by locking their V1 tokens into the V2 smart contract. This process has enticed many investors seeking SPONGE tokens, ensuring an equivalent number of SPONGEV2 tokens in their wallets post-launch, proportional to the staked V1 tokens.

Engaging in this token-locking mechanism makes investors eligible for staking rewards, paid in SPONGEV2 tokens. In addition, the variable Annual Percentage Yield (APY) is set for 4 years. Currently, the APY exceeds 250%.

Furthermore, over $3.5 million in V1 tokens have been staked and bridged for Sponge V2. This resulted in a more than 50% increase in the value of Sponge V1 over the past month. Anticipation surrounds the launch of SPONGEV2, with expectations of heightened demand and potential listings on multiple exchanges.  

Visit SPONGEV2 Presale.

5. aelf (ELF)

aelf announced a strategic partnership with Plug and Play, the world’s largest open innovation platform. This collaboration aims to accelerate blockchain ecosystem growth and foster innovation. The partnership capitalizes on the strengths of both Plug and Play and aelf, creating a dynamic synergy set to reshape the blockchain landscape. 

ELF Price Chart

Furthermore, Plug and Play’s extensive corporate partner network will collaborate with aelf’s blockchain experts to explore new use cases and applications. This cross-industry collaboration seeks to generate innovative solutions addressing real-world challenges and driving efficiency.

Both platforms plan to co-develop a series of Web 3.0 workshops tailored for corporate and enterprise use cases in various industry verticals as part of the partnership. Also, the goal is to establish both entities as thought leaders in driving blockchain and Web 3.0 innovation.

Moreover, aelf’s native token, ELF, experienced a 2.56% price increase in the last 7 days. Currently, the sentiment for aelf’s price prediction is neutral, with the Fear & Greed Index showing 60 (Greed). ELF’s price has surged by 226%, outperforming 86% of the top 100 crypto assets. 

In addition, aelf has surpassed both Bitcoin and Ethereum. In the Ethereum (ERC20) Tokens sector, aelf holds the 37th position.

In other news, the Securities and Exchange Commission (SEC) of Thailand unveiled an updated regulatory framework earlier this month. The revised guidelines depart from conventional norms, reflecting the growing interest in cryptocurrencies.

Read More

New Crypto Mining Platform - Bitcoin Minetrix

Rating

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now - BTCMTX
  • Staking Rewards - Over 50% APY
Bitcoin Minetrix

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!