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This guide reviews the best cryptocurrencies that are worth considering for investment. It highlights their distinct features, recent developments, and potential for future growth.
With so many digital assets in the global market, keeping track of promising opportunities can take time and effort. Investors must stay informed about the latest developments and evaluate each token’s performance and potential. In this article, we’ll analyze the best crypto to buy now based on their current performance, growth potential, and trends, making it easy for market participants to decide which cryptocurrencies are worth considering for their portfolio.
Best Crypto to Buy Now
The THETA Network team recently announced the launch of the Theta Edge Node for Android devices, scheduled for September 25, 2024. Concurrently, the recent price increase in MNT aligns with a rise in daily activity and the number of new addresses involved in MNT transactions. Furthermore, BANANA was recently listed on Binance, with trading set to begin on July 20, 2024. This listing is part of Binance’s HODLer Airdrops initiative.
1. Theta Network (THETA)
Theta Network is a blockchain platform designed specifically for the video, media, and entertainment industries. Its primary aim is to reduce content delivery costs, providing a cost-effective solution for developers and businesses. The platform operates on a blockchain compatible with Ethereum smart contracts, creating a flexible developer environment.
The platform offers robust Web3 infrastructure solutions, including the Theta Video API and Theta Web3 Theater. These tools help developers significantly cut costs in video transcoding, storage, and delivery by using patented Digital Rights Management technology.
According to CoinMarketCap, the THETA token experienced a 1.10% decrease, trading at $1.51 at press time. However, it has shown a 9.90% increase over the past week and a 1.03% in the past month. Furthermore, the token’s value has increased since its initial sale, which is a good indicator of its performance and potential for growth.
Over the last 30 days, it has traded positively for 16 days and maintains high liquidity based on its market cap. Moreover, Theta Network has built strategic partnerships with key industry players to strengthen its ecosystem and support broader adoption of its technology.
In a huge leap forward for Theta, the mobile version of the Theta Edge Node for Android devices is scheduled to launch on Sept 25, 2024! This release features a video object detection AI model (VOD_AI) that runs on consumer grade Android mobile devices.
https://t.co/ObwSOBqOxJ— Theta Network (@Theta_Network) July 15, 2024
Recently, the team announced the launch of the Theta Edge Node for Android devices, set for September 25, 2024. This mobile version will feature a video object detection AI model (VOD_AI) on consumer-grade Android devices.
This AI model analyzes video frames to identify objects by scanning them and drawing bounding boxes around potential objects. It enables true computation at the edge and offers unparalleled scalability and reach.
2. Mantle (MNT)
Despite a broader decline in the crypto market, Mantle has demonstrated resilience with a significant price increase of 10.23% in the last 24 hours, reaching $0.8576. In the past 24 hours, MNT’s trading volume increased by 14.48%, reaching $247 million.
Mantle is an investment DAO with strong connections to Bybit. The MNT token serves multiple purposes, including governance, transaction fees on the Mantle Network, and staking on various platforms. It uses an Optimistic Rollup (ORU) to scale Ethereum and aims to be compatible with the Ethereum Virtual Machine (EVM).
The recent price increase in MNT coincides with a rise in daily activity and the number of new addresses involved in MNT transactions. This increase in active and new addresses indicates growing network activity and interest in MNT. This suggests increased demand and a promising potential for future value growth, providing optimism for investors.
Methamorphosis is now on Mantle Rewards Station!
Lock your $MNT to start earning $COOK rewards today 🔒
July 15, 12PM UTC – Oct. 9, 2024, 12AM UTChttps://t.co/kNhmrPIe7d pic.twitter.com/GiXUZ8pGXM
— Mantle (@0xMantle) July 15, 2024
The price spike has also caught the attention of large holders or whales. Data from IntoTheBlock shows that MNT’s large holders’ net flow surged 134% over the past week, indicating significant accumulation by these investors. Additionally, Mantle Network’s 100-day airdrop campaign offers users the opportunity to earn COOK tokens by staking Mantle Staked Ether and participating in the Methamorphosis campaign.
Mantle Network aims to build a scalable, secure, and efficient Ethereum platform, enhancing user experience and expanding ecosystem capabilities. The Methamorphosis campaign is a crucial step toward this goal, offering substantial rewards and encouraging active network participation.
3. Toncoin (TON)
The TON Foundation is set to launch TON Teleport BTC, a trustless bridge designed to transfer Bitcoin to and from the Telegram-linked network securely. This new system allows Bitcoin holders to engage in DeFi activities within the TON ecosystem, ensuring the security of their original assets.
With TON Teleport BTC, users can access decentralized exchanges, lending platforms, and other DeFi applications. Also, the TON platform recently announced the integration of the TON token into the OKX Wallet. This addition allows users to seamlessly manage, swap, and transfer TON and TON-based assets within the OKX Wallet.
This move significantly broadens the range of product offerings and meets the increasing demand for futures trading in the crypto market. The launch is scheduled for July 25, 2024. These new contracts represent a strategic expansion of Coinbase’s trading options.
Due to the recent developments, the TON token has seen increased attention and a rise in its price, trading at $7.27 with a 0.99% intraday surge. It has gained popularity this year, partly due to growing support from Telegram and a boom in crypto gaming that has led to successful Telegram-based games.
4. The Meme Games (MGMES)
The Meme Games introduce a novel approach to cryptocurrency presales, combining an Olympic-themed competition with meme coins. Participants select their favorite meme character and cheer them on, aiming to multiply their holdings potentially.
The project has gained significant investor interest, raising over $161,000. Participants can choose their champion from five well-known meme characters, including Dogecoin, Pepe, dogwifhat, Brett, and Turbo. Each character offers a unique aspect to the competition.
To join, users purchase MGMES tokens during the presale. The more tokens they acquire, the greater their stake in the competition. After obtaining tokens, participants select their champion.
All characters have an equal chance of winning, which adds an exciting layer of unpredictability. If a chosen meme athlete wins, participants receive a 25% bonus on their MGMES tokens, boosting their investment. Users can purchase tokens multiple times and select different characters to increase their chances of winning.
The competition will run alongside the Paris Olympics and Paralympics. After the event ends, the tokens will be available on decentralized exchanges (DEXs) starting September 10. Given its early success, some investors believe it could grow significantly by then. This gamified approach offers participants a fair and engaging experience, making MGMES the best crypto to buy now.
5. Banana Gun (BANANA)
Banana Gun is an emerging trading platform designed specifically for on-chain traders. It provides advanced trading tools, including an early buy sniper feature and customizable on-chain limit orders like take profit, stop loss, and limit buy.
The platform also features a unique engagement mechanism via a Telegram bot. This bot simplifies user participation in crypto presales and streamlines token trading, enhancing user experience and efficiency in the market.
Banana Gun has incorporated soulbound NFTs in its launch strategy. Over a three-week campaign, users completed tasks to earn these NFTs, which reward genuine supporters and filter out those solely interested in airdrops or whitelist spots.
These NFTs determine eligibility for whitelist spots, recognizing and rewarding the most dedicated community members. Furthermore, BANANA was recently listed on Binance, with trading set to begin on July 20, 2024. This listing is part of Binance’s HODLer Airdrops initiative.
Users who subscribed their BNB to Simple Earn products between June 23 and July 5, 2024, will receive BANANA airdrops. Following the listing announcement, BANANA’s value rose by 18.7%, currently trading at $69.04, according to Coingecko.
The token saw a 19.7% intraday surge. Market sentiment is bullish, with a fear and greed index of 60. BANANA has experienced 21 green days in the last 30 days, indicating a 70% positive performance rate. It also boasts high liquidity based on its market cap.
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