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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 looking for promising opportunities that can bring in returns daily. This article zooms in on potential coins, including Aave, Axelar, and Bitcoin Minetrix, all showing impressive performance and catching the interest of investors.
However, Insidebitcoins aims to provide easy-to-understand insights. It guides investors through the intricacies of the crypto market. Ultimately, it helps them identify opportunities for growth and success.
Best Crypto to Buy Now
Rumours on social media about the potential approval of a spot Bitcoin exchange-traded fund have gained traction. Cryptic tweets and claims from various sources have fueled these speculations. One notable tweet from Craig Salm, Grayscale’s chief legal officer, mentioned completing forms leads to heightened anticipation.
The trending hashtags #ETFBitcoin and “Bitcoin ETFs” on Twitter further reflect the growing interest in this development. However, despite the buzz, Bitcoin experienced a price drop from $44,700 to $43,200 following its recovery from the January 3 flash crash. While excitement is prevalent, some analysts advise caution, indicating that approval will likely occur in the coming week.
1. Avalanche (AVAX)
The Really platform recently launched its augmented reality (AR) experiences on the Avalanche blockchain. This aims to enhance engagement in the entertainment industry. Leveraging Avalanche’s fast and scalable blockchain, Really introduces upgrades to its Collectible Ticket Program and fan engagement initiatives.
The platform has seamlessly integrated AR experiences across various channels in the USA, including iOS and Android apps, WebAR, etc. The integration with Avalanche further expands the platform’s capabilities.
The initial release on Avalanche, titled “Fandime,” is a rewards and collectibles app designed to offer fans a comprehensive interface for entertainment engagement. The app utilizes on-chain records to demonstrate proof of movie attendance, fan interaction with marketing, game participation, and purchases. Fandime users can access engagement data, unlock rewards, and participate in live digital events.
Before integrating with Avalanche, Really users claimed over 4 million unique AR Collectibles from 200 wide-release movies. With Avalanche, users can expect an even more enriched experience on the platform.
Shifting focus to the AVAX’s performance, the coin has seen an intraday increase of 0.47%. The sentiment for Avalanche’s price prediction appears bullish, with a Fear & Greed Index score of 72 (Greed). Over the past year, Avalanche has demonstrated a remarkable 208% price increase, outperforming 77% of the top 100 crypto assets.
Foresight X just launched its $10M accelerator, offering startups roughly $200k in funding per project, along with expert guidance from industry mentors.
Apply here, registration ends Jan. 15th: https://t.co/CTukAuYXDw pic.twitter.com/3tYENMhkNB
— Avalanche 🔺 (@avax) January 4, 2024
In addition, Avalanche’s circulating supply is 366.53M out of a maximum supply of 720.00M AVAX. The current yearly supply inflation rate is 21.90%, creating 65.84M AVAX last year. Furthermore, Avalanche ranks #4 in the Proof-of-Stake Coins sector and #1 in the Avalanche Network sector.
Also, the token ranks #7 in the Layer 1 sector. Moreover, Avalanche is trading above the 200-day simple moving average, indicating positive performance compared to the token sale price. The asset boasts 18 green days in the last 30 days, constituting 60% of the observed period.
2. Axelar (AXL)
Over the past year, Axelar has experienced a noteworthy 114% increase in its price. In the last 24 hours, the AXL price demonstrated a positive performance, rising by 4.13%, surpassing the token sale price. Additionally, Axelar’s price prediction appears bullish.
The Fear & Greed Index registers a 72 (Greed), indicating an optimistic market outlook. Axelar’s circulating supply is 525.25 million AXL, with a notable yearly inflation rate of 618.23%. Within the last year, 452.12 million AXL tokens were created, contributing to this inflationary trend.
Futhermore, Axelar achieved its highest value on December 17, 2023, reaching an all-time high of $1.265760. However, its lowest price was recorded on October 26, 2023, at $0.313441.
🔏 @Uniswap Foundation published its bridge security assessment. Axelar was one of two networks approved for cross-chain governance updates: https://t.co/ytQWKkmw0B
— Axelar Network (@axelarnetwork) January 2, 2024
The subsequent low since the all-time high was $0.900184, and the highest point following the last cycle low was $1.264730. Axelar outperformed 62% of the top 100 crypto assets over the past year. In addition, it trades above the 200-day simple moving average.
Recent market trends reveal 19 green days within the last 30 days, constituting 63% of the observed period. This positive trend may suggest a certain level of market resilience. Axelar demonstrates high liquidity, as reflected in its market capitalization.
3. Aave (AAVE)
Aave’s recent performance indicates a 1.51% increase in the last 24 hours, positioning it above the 200-day simple moving average. The coin has shown positive momentum over the past 30 days, with 15 green days constituting 50% of the period.
Notably, Aave boasts high liquidity, as reflected in its market cap. Currently ranking 8th in the DeFi Coins sector and 16th in the ERC20 Tokens sector, Aave has experienced both peaks and troughs in its price history. The highest recorded price occurred on May 18, 2021, reaching an all-time high of $664.97.
Aave Governance V3 is now live! Built and implemented by @bgdlabs 👻 https://t.co/qzeMLhGQin
— Aave Labs (@aave) December 26, 2023
In contrast, the lowest point was observed on Nov 5, 2020, at $26.03. Since its all-time high, Aave witnessed a cycle low of $45.88 and a cycle high of $129.45. The sentiment in Aave’s price prediction leans towards a bullish outlook, with a Fear & Greed Index of 72 (Greed).
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix introduces a unique approach to crypto by allowing users to stake BTCMTX tokens for cloud mining credits. It aims to decentralize control and provide a secure mining experience for token holders.
During its presale phase, Bitcoin Minetrix has experienced significant traction, positioning itself as one of the best cryptocurrencies to buy now. Furthermore, the ongoing BTCMTX presale has raised over $7,542,169.09, with tokens priced at $0.0126 each. Notably, interested investors still have the opportunity to purchase before the token’s price increases in a day.
The Bitcoin Minetrix staking pool has garnered substantial attention, accumulating a volume exceeding 400,000 BTCMTX tokens. The project asserts an annual percentage yield (APY) of 103,225%, attracting users interested in potential returns through staking.
🌐The Stake-to-Mine concept is a novel idea that promises to bring #Bitcoin mining back into the realm of possibility for ordinary #Crypto aficionados, for several reasons.
Users of #BTCMTX need only an #Ethereum compatible wallet such as #MetaMask, making things very simple.🔐 pic.twitter.com/XJmuATMaXW
— Bitcoinminetrix (@bitcoinminetrix) January 4, 2024
This growth indicates the project’s ability to engage participants and secure funding, reflecting market interest in its distinctive staking mechanism. It will be essential for investors to carefully evaluate the project’s claims and staking structure before making decisions.
Visit the Bitcoin Minetrix presale.
5. The Graph (GRT)
GRT has shown a notable performance over the past year, experiencing a substantial 208% price increase. This growth surpasses 77% of the top 100 crypto assets during the same period. The Graph trades above its 200-day simple moving average, indicating a positive trend.
Analyzing the recent trends, The Graph has consistently registered 17 green days in the last 30 days, resulting in a 57% positive performance. Moreover, its liquidity, as reflected in its market capitalization, is notably high.
Furthermore, the lowest price since its all-time high was also $0.051894, marking a cycle low. The highest price since this cycle low was $0.228464, representing a cycle high. The sentiment surrounding The Graph’s price prediction is bullish, aligning with a Fear & Greed Index score of 72 (Greed).
Enhancing the developer experience & tooling is a critical aspect of The Graph’s New Era roadmap.
Listen to @bourgetalexndre from @streamingfastio share how The Graph is building a simplified developer experience ⬇️ pic.twitter.com/4MlVpce0Lc
— The Graph (@graphprotocol) December 29, 2023
Moreover, the Graph’s circulating supply is 9.36 billion out of a maximum supply of 10.06 billion GRT. The yearly supply inflation rate is reported at 35.71%, creating 2.46 billion GRT over the last year. In the Ethereum (ERC20) Tokens sector, The Graph ranks 13th in market cap and 2nd in the AI Crypto sector.
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