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Discover the best crypto to buy now, including tokens with high growth potential. Get insights on the latest trends, market analysis, and expert recommendations to make informed investment decisions.
As digital assets continue gaining traction and global acceptance at a breakneck speed, the potential for high returns attracts a growing number of investors wanting to capitalize on this market. Statista reported in June 2024 that over 10,000 cryptocurrencies exist globally. With the rising accessibility of blockchain technology, these numbers are increasing daily.
The cryptocurrency market offers exciting opportunities for substantial returns, particularly with promising projects such as MANTRA, Safe, and Stellar. In this article, Insidebitcoins explores these best crypto to buy now, considering market performance, technological innovation, use cases, and future growth potential.
Best Crypto to Buy Now
MANTRA has announced a strategic partnership with MAG, a prominent UAE developer with a real estate portfolio valued at over $5 billion. Additionally, the SAFE token has recently become transferable, marking a significant milestone for the project. This change followed a DAO vote where over 99% of participants agreed to unpause the SAFE token contract. Meanwhile, Litcoin has achieved significant milestones, attracting blockchain investors.
1. MANTRA (OM)
MANTRA is a decentralized finance platform managed by its community. It offers various financial services such as staking, lending, and governance. The platform’s strong emphasis on community involvement and robust DeFi solutions have attracted considerable attention.
With an expanding ecosystem and strategic partnerships, MANTRA is well-positioned for continuous growth, making it the best crypto to buy now. Over the past week, MANTRA’s token experienced a 36.06% increase, indicating strong market performance.
The token has grown substantially over the last six months, with an impressive rise of over 1,280%. The current market sentiment for OM is bullish. Furthermore, MANTRA is trading above the 200-day simple moving average, showing positive performance compared to its token sale price. The token also has high liquidity based on its market cap.
🔥 UAE Real Estate Giant #MAG Partners with #MANTRA to Tokenize $500 Million in Real Estate Assets
✅ MANTRA and MAG will collaborate to democratize access to luxury UAE real estate using secure, yield-bearing vault products backed by MANTRA’s L1 technology.
This collaboration… pic.twitter.com/eVrwOUUa9H
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 3, 2024
Recently, MANTRA announced a strategic partnership with MAG, a prominent UAE developer with a real estate portfolio valued at over $5 billion. This collaboration aims to transform real estate investment by leveraging blockchain technology and democratizing access to premium Dubai properties.
This partnership represents a significant step forward for both institutions. MANTRA’s blockchain infrastructure will provide a secure and transparent platform for tokenization, while MAG will contribute its extensive portfolio and expertise in the UAE’s real estate landscape.
2. Safe (SAFE)
Safe focuses on transforming every Ethereum account into a smart account, aiming to enhance various sectors like AI, Staking, Gaming, SocialFi, DeFi, and Payments. The platform offers features such as gasless transactions, easy face-ID logins, onramps, recovery options, and more.
Currently, Safe’s ecosystem comprises over 200 projects, including Gnosis Pay and Worldcoin, and spans more than 15 networks. Individuals responsible for the self-custody of assets and high-value NFTs widely adopt the Safe, smart account standard.
Recently, the SAFE token became transferable, marking a significant milestone for the project. This change followed a DAO vote where over 99% of participants agreed to unpause the SAFE token contract. The token had been locked since its launch via an airdrop in October 2022, nearly two years ago.
🚀 @ethCC
Today we are launching Safe{Core} Multi-Chain Gas Station ⛽️ in partnership with @pimlicoHQ.Developers, get ready to fuel your app with up to $250K in gas credits!
Build seamlessly on🟣 @0xPolygon $200k
🟢 @gnosischain $50k pic.twitter.com/cQLZzCYV1p— Safe (@safe) July 9, 2024
The ability to transfer SAFE tokens is anticipated to increase liquidity and trading activity. However, the initial market reaction saw the token’s price decline. Despite this drop, the fully diluted valuation of SAFE remains over $2.8 billion. In addition to this development, SAFE was recently listed for spot trading on the cryptocurrency exchange OKX.
Moreover, Safe recently collaborated with Pimlico to launch the Safe{Core} Multi-Chain Gas Station program, partnering with Polygon PoS and Gnosis Chain to sponsor gas fees for EVM users. This initiative offers developers $250k in gas fee credits, aiming to simplify the usability of Ethereum Virtual Machine (EVM) smart accounts.
3. Shiba Shootout (SHIBASHOOT)
Shiba Shootout is a Wild West-themed crypto project featuring Marshal Shiba, a cowboy character in the fictional Shiba Gulch. This setting forms the foundation for various features and activities within the platform.
The platform has successfully raised over $631,023 in its ICO, with over 20 million tokens staked. The innovative ‘Cactus Staking’ mechanism allows users to lock up their SHIBASHOOT tokens and earn rewards over time.
Moreover, the rewards grow visually, represented by a digital cactus that expands the longer you maintain your stake. Additionally, the project actively engages its community through Token Governance Roundups.
These roundups enable users to vote on important project decisions, ensuring the community has a say in its development. Also, the Lucky Lasso Lotteries offer token-based draws, providing opportunities to win various prizes.
Meanwhile, the platform’s Savings Saddlebags feature allows users to automatically transfer a portion of their SHIBASHOOT tokens into a designated wallet. This system helps participants set aside tokens for future use or investment, promoting long-term savings.
4. Litecoin (LTC)
Litecoin provides fast, secure, and low-cost payments by leveraging blockchain technology. With a block time of just 2.5 minutes and very low transaction fees, the platform is suitable for micro-transactions and point-of-sale payments. This makes it an alternative to Bitcoin, especially in developing countries where transaction fees can influence which digital asset to support.
The platform recently achieved significant milestones, as highlighted in its tweet on X, which are attracting blockchain investors. The Litecoin network’s total processing power (hashrate) has surpassed 1.1 PetaHash per second (PH/s).
Over the day, the network handled hundreds of thousands of transactions. Despite processing billions of dollars, transaction costs remain under one cent per transaction. Last month, Litecoin exceeded 12 million transactions, surpassing many other blockchains in transaction volume.
Network Check: #Litecoin's total combined computational power (hashrate) is currently 1.1 PetaHash/s! Processing hundreds of thousands of transactions to move 52,376,152 LTC in the past 24hrs! Billions in volume with transaction fees less than a penny. What's in your wallet?… pic.twitter.com/PclqpMBqYK
— Litecoin (@litecoin) July 10, 2024
In light of these developments, LTC’s price increased by 1.64% over the last 24 hours, reaching around $68.75. The token has experienced 16 positive days in the past 30 days and has high liquidity based on its market cap.
The rise in active Litecoin addresses indicates broader engagement within the network. Moreover, the platform now boasts more active addresses than several major cryptocurrencies, highlighting its ongoing relevance in the cryptocurrency market. This positions LTC as the best crypto to buy now.
5. Stellar (XLM)
Stellar is currently priced at $0.09176, with a 24-hour trading volume of $69 million and a market cap of $2.65 billion. Its market dominance is 0.12%. Over the past 24 hours, the token’s price has increased by 3.72%, indicating favorable market activity.
Furthermore, Stellar enjoys high liquidity, evident from its substantial market cap. Recently, the platform introduced Soroban, a smart contract platform tailored for developers. Soroban aims to enhance Stellar’s capabilities, especially in facilitating cross-border transactions.
XLM’s focus on efficient and low-cost transaction solutions continues to attract attention in the crypto market. The recent increase in trading volumes reflects a growing interest in Stellar. Moreover, the launch of Soroban has been a positive catalyst, contributing to a stable and upward price trend.
Performance. Sustainability. Security 🔺 The holy trinity of smart contracts on Stellar. Built better, so you can build better. #BetterOnStellarhttps://t.co/N0nneSNZFg
— Stellar (@StellarOrg) July 9, 2024
Despite the current bearish market sentiment and the Fear & Greed Index indicating extreme fear, these conditions can sometimes precede significant price movements. As interest grows and the broader market acknowledges Stellar’s value proposition, XLM could be positioned for substantial growth.
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