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Each day, we review some picks for the best cryptos to buy now, based on the latest market movements, blockchain news, and trending narratives.
Several alternative cryptocurrencies have weathered price fluctuations and are worth exploring. This article presents some of these alternatives, emphasizing the factors driving their upward trends and success in the market.
Best Crypto to Buy Now
Altcoins like Dechat, Manta Network, and Avalanche have shown impressive growth and exciting advancements, making them appealing investment choices for those looking to ride the current market wave. Investors are drawn to these tokens because of their potential for substantial returns during this bullish market phase.
1. Scotty the AI (SCOTTY)
Scotty the AI merges the excitement of meme coins with advanced artificial intelligence technology. Its recent presale attracted significant attention, raising over $8 million and selling out early, indicating strong investor demand. The project aims to provide users with essential information for making informed decisions in blockchain, going beyond the typical meme coin label.
💥Presale Update!💥
ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $8.1M
🎉 this was raised way faster than expected due to the high demand of the crypto community wanting to join ScottyTheAi.
Well on our way to closing out presale early and heading for… pic.twitter.com/oC35y51Xdv
— Scotty The Ai (@ScottyThe_Ai) March 12, 2024
Investors who missed the presale still have the opportunity to acquire SCOTTY tokens at the launch price, starting on March 11th at 9am GMT, before they are listed on exchanges. This presents a potential opportunity for early investors, as high demand during the presale suggests a possible price increase upon exchange listing.
The Scotty the AI team plans to launch the SCOTTY token on multiple centralized exchanges, including at least two top-tier platforms, with further details to be announced before the launch. Despite the conclusion of the presale, the decision has been made to sell the remaining tokens at the launch price instead of offering discounts.
With daily transactions exceeding $1 million and strong community interest, SCOTTY has demonstrated notable traction in the crypto market. The project aims to revolutionize blockchain technology through advanced AI solutions, providing users with valuable insights for navigating the market.
2. Solana (SOL)
Solana has experienced a surge in value recently. This is partly due to increased decentralized finance (DeFi) trading activity. Its rise can also be attributed to the growing popularity of meme coins built on the Solana blockchain.
As a result, SOL has solidified its position among the top 10 altcoins. The total value locked (TVL) in Solana’s DeFi protocols has surpassed $3.2 billion, doubling in just one month, signaling a positive outlook for its future.
The token’s growth underscores its potential as one of the leading alternative cryptocurrencies in 2024. Solana has expanded its ecosystem through collaborations with various platforms. This has contributed to its growing popularity and adoption.
Furthermore, the token is currently trading at $149.11 and has seen a 1.20% increase in the past 24 hours. Also, its price surged by 681% last year, outperforming 92% of the top 100 cryptocurrencies. Moreover, it has consistently traded above its 200-day simple moving average and has shown positive performance compared to its token sale price.
Itching to build? @FluxbeamDEX is running a hackathon dedicated to new use cases with token extensions on Solana! 💻👀
Help foster the next wave of web3 innovation and compete for 25k in prizes.
Get involved: https://t.co/AGH5DWsW9E pic.twitter.com/9WwJc7HqkJ
— Solana (@solana) March 7, 2024
In the last 30 days, Solana has experienced 16 days of gains, indicating robust market activity. Market sentiment towards SOL is bullish, with the Fear & Greed Index showing extreme greed at 81. In addition, Solana’s recent performance highlights its growing prominence in the cryptocurrency market, driven by increased DeFi trading activity and ecosystem expansion. Despite market fluctuations, Solana continues demonstrating strong growth potential, which positions it favorably among alternative cryptocurrencies in 2024.
3. Manta Network (MANTA)
Manta Network (MANTA) is a modern modular ecosystem designed for web3 applications. It has gained attention among developers seeking to build Solidity-based decentralized apps (dApps). Using Manta’s technology, developers can achieve faster transaction speeds than traditional blockchains.
Additionally, they can benefit from lower gas fees than second-layer solutions. This combination makes MANTA a notable option in the layer 2 cryptocurrency market. The network’s attractiveness is evident in its Total Value Locked (TVL), establishing MANTA as a significant investment option.
Manta Network recently collaborated with Cobo to add a layer of security for MANTA stakeholders. This partnership ensures secure storage and staking of MANTA tokens, with users gaining access to Cobo Argus. This on-chain digital asset management platform enhances risk management and user experience. The integration allows Manta Atlantic node verifiers to stake MANTA tokens through Cobo’s robust security infrastructure securely.
🔱 Unveiling our partnership with @Cobo_Global!
Elevate your DeFi strategy with Cobo, providing top-tier custody solutions and institutional-grade security for $MANTA stakers. https://t.co/EgZzj7Q3xH
— Manta Network (🔱,🔱) #MantaNewParadigm (@MantaNetwork) March 10, 2024
Furthermore, recent performance metrics show a current price of $3.63, with a modest increase of 0.91% in the last 24 hours. This suggests a positive sentiment among investors. Moreover, MANTA ranks 116th in CoinMarketCap, with a market capitalization of $925 million.
MANTA has experienced notable growth of over 62% in the past year. Furthermore, the token has shown positive performance compared to its token sale price. It has seen 17 green days in the last 30 days, indicating investor confidence and sustained momentum in the project.
4. Avalanche (AVAX)
The cryptocurrency market has been witnessing significant shifts lately. AI and meme coins lead the charge, with gaming tokens gaining traction. Avalanche stands out for its focus on gaming adoption. Notably, gaming studios like Blitz, Off The Grid, and Shrapnel are actively developing on the Avalanche network.
Recently, Avalanche made headlines by announcing the launch of MapleStory Universe. It’s a prominent blockchain game set to debut on one of its subnets. This announcement generated substantial excitement, propelling the price of AVAX to reach $50. The token is currently valued at $50.22, with an intraday increase of 4.59%.
From pioneering free-to-play to championing blockchain gaming: Maplestory continues to evolve!
MapleStory, one of the most legendary games from Korea’s largest game studio, Nexon, is now coming to Avalanche with @MaplestoryU on a Subnet.
Maplestory was one of the first games to… pic.twitter.com/Ohv6XGp6wh
— Avalanche 🔺 (@avax) March 11, 2024
Last year, AVAX has shown impressive growth. Its price has increased by 219%, outperforming 64% of the top 100 crypto assets. The coin has maintained a positive performance compared to its initial token sale price. It is currently trading near its cycle high. Moreover, AVAX boasts high liquidity based on its market capitalization.
In addition, the prevailing optimistic sentiment in the crypto market, combined with the expanding use cases of the Avalanche network, could potentially provide the momentum needed for AVAX to achieve higher values.
5. Dechat (DECHAT)
Dechat is a new cryptocurrency that has performed impressively since its debut, making it a notable addition to crypto. The token has experienced a substantial price surge of nearly 100%. This is despite not being listed on major centralized exchange platforms.
This week, its price has increased by approximately 104%. The project’s focus on Blockchain-based communication technology underscores its significance in decentralized interactions among web3 users.
According to its whitepaper, Dechat functions as a Web3 communications protocol and aims to facilitate decentralized communication across the Web3 landscape. The platform also announced the introduction of AI-NFT data mining, coinciding with yet another all-time high price of $8.
🚀 #DeChat Breaking News! 🚀
DeChat is soaring to new heights, breaking the all-time high price at $4.3!
📈 We’re at the forefront, driving the future of AI SocialFi.
Join us as we continue to innovate and redefine the digital landscape. The journey has just begun! 🌐 pic.twitter.com/2ldxEHgEAa
— Dechat (@dechat_io) March 11, 2024
As of the time of writing, the token has reached $3.83. It continues to ride the bullish momentum towards further highs. Investors should monitor the token’s performance and consider adding it to their watchlist. However, caution is advised due to the potential for significant price pullbacks.
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