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Crypto traders are always on the hunt for the best cryptocurrencies to buy on any given day – we list some high potential coins in this post.
The article emphasizes daily return prospects for investors, highlighting NEAR Protocol, Theta Network, and Sei. These coins display robust performance, drawing investor interest. Nonetheless, Insidebitcoins simplifies the complexities of the crypto market, assisting investors in identifying growth opportunities for success.
Best Crypto to Buy Now
Altcoins have demonstrated significant resilience, boasting a collective trading volume of 337.554 billion today. Over the past three months, they’ve surged by 64%, surpassing Bitcoin’s 56% growth. This trend underscores increasing investor enthusiasm and the strong performance of these digital currencies.
1. OKB (OKB)
OKB, initially launched as an ERC-20 token in 2018, functions primarily within its platform for trading fees. Holding OKB tokens grants users voting rights and various benefits, including discounts and rewards. Over the past 24 hours, the price of OKB has decreased slightly by 0.60% to $68.07.
However, the token has experienced a notable uptick of over 10.0% in the last week, reaching an all-time high of $72.18 today. With a solid foundation and community support, OKB shows potential for future growth. Furthermore, collaborations with other networks could further enhance OKB’s market position. Such partnerships might push its price beyond $136.48 by the end of 2024, with a bullish market scenario suggesting an average price of around $123.57 by the same year.
$OKB surges past $70.92 💥
Exciting times ahead! 🤩
*𝐴𝑙𝑤𝑎𝑦𝑠 𝑡𝑟𝑎𝑑𝑒 𝑟𝑒𝑠𝑝𝑜𝑛𝑠𝑖𝑏𝑙𝑦 pic.twitter.com/QHY9LEGWNY
— OKX (@okx) March 10, 2024
Market sentiment towards OKB appears bullish, with trading activities increasing the Greed score to 83. Last year, the price has risen by 72%, indicating a modest upward trend. Additionally, OKB has consistently traded above the 200-day Simple Moving Average (SMA), indicating a positive trajectory. Out of the last 30 days, OKB has seen green days for 63% of the time, reflecting ongoing investor interest and positive sentiment.
2. Sponge V2 (SPONGEV2)
The emergence of Sponge V2 marks a continuation of its predecessor into the decentralized finance (DeFi) landscape. Built on blockchain technology, SPONGEV2 aims to enhance its ecosystem’s value and utility. Investors considering SPONGEV2 should factor in various influences on the crypto market, which affect price fluctuations.
Staking update! 🚀🧽
We now have over 9,138,851,394 $SPONGE tokens staked with a value of $27,864,372.8. 🤯
Stake your tokens today and enjoy our impressive current APY of up to 177%. 💪#Sponge #Memecoin #Crypto #Binance pic.twitter.com/PAqXyz5L6F
— $SPONGE (@spongeoneth) March 11, 2024
Project progress, market trends, and economic conditions all play roles. Diversification of crypto holdings can help mitigate market volatility risks. SPONGEV2 offers participation in governance decisions, transaction facilitation, and access to platform features. Its potential applications span DeFi protocols, gaming, and decentralized apps (dApps).
Furthermore, the token successfully has over 9,138,851,394 SPONGE tokens staked with a value of $27,864,372.8. Supported by a well-structured tokenomics mechanism, SPONGEV2 ensures seamless asset transfer from V1 to V2 for current token holders. Staking rewards, comprising 43.09% of the total token supply, incentivize user engagement and long-term commitment to the ecosystem.
3. Theta Network (THETA)
Theta Network is currently trading at $3.54 and is experiencing an intraday surge of 18.68%. The token also experienced a rise in its weekly chart, signaling a potential breakout event. This uptrend has attracted the attention of sideline traders who are anticipating a significant price increase soon.
Furthermore, Theta Network aims to revolutionize the digital content delivery industry by leveraging blockchain technology to create a decentralized network for video streaming and content distribution. By incentivizing users to share their bandwidth and resources, Theta seeks to improve streaming quality, reduce costs, and provide fair compensation to content creators.
Moreover, Theta Network has demonstrated impressive growth, with its price surging by 293% last year. This performance has outpaced 76% of the top 100 cryptocurrencies, reflecting its strong market position. Moreover, the sentiment surrounding Theta Token’s price prediction is bullish, aligning with the prevailing Extreme Greed sentiment indicated by the Fear & Greed Index, which currently stands at 82.
Using Theta Network's cutting-edge AI computing technology, @LavitaAI is building a new era of privacy preserving, AI-powered healthcare data platform powered by Theta EdgeCloud.
Learn more at https://t.co/J77eclJ8tj pic.twitter.com/LSgZcLbHIW
— Theta Network (@Theta_Network) March 2, 2024
From a technical standpoint, Theta Network is trading above its 200-day simple moving average. Additionally, the token has maintained high liquidity, as evidenced by its market capitalization. Theta Network’s recent performance and market indicators suggest a promising outlook. However, investors should exercise caution and conduct thorough research before making investment decisions, considering the inherent volatility of the cryptocurrency market.
4. Sei (SEI)
SEI has emerged as a significant token, demonstrating remarkable growth recently. Moreover, the token’s price surged by 10.59% last week, currently trading at $0.8777, with a 24-hour peak of $0.88. However, the token has declined by 0.86% in 24 hours.
Nonetheless, the token has shown resilience in the crypto market and momentum for potential growth. One reason behind SEI’s recent momentum is the announcement of its v2 upgrade. This upgrade introduces support for two execution environments, CosmWasm and the EVM.
Such a move promises to enhance transaction finality speed and scalability, potentially accommodating thousands of transactions per second (TPS). Moreover, the v2 upgrade ensures backward compatibility, allowing users to transition their existing applications to the new platform seamlessly.
Furthermore, SEI’s recent partnerships further underscore its growing influence within the crypto ecosystem. The integration with Hoyu, for instance, leverages SEI’s speed to facilitate rapid financial operations, such as liquidations, in sync with real-time market changes. This capability accelerates borrowing and lending processes and ensures alignment with market dynamics.
Warm welcomes to @hoyu_io the most recent DeFi entrant to the Sei ecosystem!
The speed of Sei enables Hoyu to perform critical financial actions, like liquidations, in tandem with live market changes — all in a single block.
This unique capability ensures that borrowing and… pic.twitter.com/R4QmYzRDiK
— Sei 🔴💨 (@SeiNetwork) March 9, 2024
In addition, SEI boasts high liquidity, which is attributed to its substantial market cap. The token currently ranks #12 in the Proof-of-Stake Coins sector and #29 in the Layer 1 sector. SEI’s ascent reflects its increasing prominence within the crypto landscape. Similarly, sentiment analysis indicates a bullish outlook for SEI, complemented by an Extreme Greed reading of 82 on the Fear & Greed Index.
5. NEAR Protocol (NEAR)
The NEAR Protocol has surged significantly, jumping by 20.28% to reach $7.08, indicative of growing confidence in its scalable blockchain platform. With a substantial market cap of $7 billion, NEAR currently holds a position in the top 19 cryptocurrencies. Despite being around 69% lower than its peak value, it has shown remarkable growth from its lowest point.
Moreover, analysis of its chart suggests a bullish pattern, hinting at a potential upward trend. Market sentiment towards NEAR’s price prediction is bullish, with the Fear & Greed Index at 82, indicating extreme greed. Last year, its price soared by 287%, and it is currently trading above its 200-day simple moving average, indicating positive momentum.
Furthermore, the token’s high liquidity, as evidenced by its market cap, adds to its appeal to investors. A significant driver behind NEAR Protocol’s recent success is the surge in new user adoption. The NEAR ecosystem has seen an influx of 12.1 million new accounts in 2024, highlighting strong network adoption.
This increase in users has led to a substantial rise in on-chain activity, with 138.8 million transactions initiated by these newcomers. This growth showcased a robust user base and engagement growth. Additionally, NEAR Protocol recently announced on its official Twitter handle that it is 10% closer to its target of one billion users. With over 100 million registered users since its mainnet launch, investors are advised to monitor the NEAR trend closely for potential short and long-term investment opportunities.
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