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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.
Currently, the cryptocurrency market is characterized by different trends, offering a range of opportunities for investors. Several altcoins are positioned to potentially deliver gains to investors amidst the prevailing bull market sentiment. These altcoins provide unique growth opportunities and could bring unexpected profits to investors.
Best Crypto to Buy Now
Amidst the ongoing bullish momentum in the crypto market, top altcoins steadily enhance their value propositions. In a recent development, the Stacks Foundation has teamed up with the Bifrost Foundation, aiming to improve the functionality and interoperability of Bitcoin-based assets on the Stacks platform. Meanwhile, Avalanche has showcased resilience amidst a broader market downturn. Additionally, Fantom has been drawing attention in the crypto market lately, thanks to the growing bullish sentiment among investors.
1. Stacks (STX)
The Stacks token has seen significant value growth over the past year, with a remarkable 316% increase in the last month alone. This indicates a potentially promising trajectory. Moreover, this upward trend suggests that Stacks could soon surpass significant price milestones.
Stacks distinguishes itself as a layer-2 altcoin, facilitating smart contracts on the Bitcoin network. Through its Proof of Transfer consensus and Clarity language, Stacks claims to possess full insight into Bitcoin, enabling seamless interaction between the two networks. Transactions within the Stacks layer are automatically recorded and finalized on the Bitcoin layer-1, ensuring security through Bitcoin’s hashpower.
Furthermore, Stacks Foundation recently partnered with Bifrost Foundation to enhance the functionality and interoperability of Bitcoin-based assets on the Stacks platform. This collaboration introduces earning opportunities with Bitcoin and the BtcUSD stablecoin to the Stacks ecosystem.
BTCfi, a service offered within this partnership, allows Bitcoin holders to earn rewards through low-risk mechanisms. Also, the inclusion of sBTC within BTCfi aims to increase liquidity and utility within the Stacks platform. Further, introducing the BtcUSD stablecoin facilitates smoother transactions, enhancing the overall user experience within the Stacks ecosystem.
🟧 Stacks X Bifrost 🟧@Bifrost_Network & @StacksOrg announced an ongoing cooperation aimed at increasing the utility & interoperability of Bitcoin-based assets & protocols.
This collaboration will be highlighted by multiple integrations for sBTC & BtcUSD. More info below. 1/4 pic.twitter.com/lKb3qsotzB
— stacks.btc (@Stacks) March 14, 2024
The recent performance of Stacks indicates a bullish sentiment among investors, with the Fear & Greed Index registering at 79, indicating extreme greed. STX is currently trading at $2.99, with an intraday increase of 10.61%. Moreover, Stacks has outperformed a significant portion of the top 100 crypto assets over the past year, with a rise of 133% in price. With high liquidity based on its market cap, Stacks is trading near its cycle high, suggesting continued positive momentum in the near term.
2. Avalanche (AVAX)
Avalanche has recently demonstrated resilience amidst a broader market downturn. It showcased a bounce from its $50 support level. While many cryptocurrencies experienced a slump triggered by Bitcoin’s decline, AVAX maintained its bullish trajectory.
At the time of writing, Avalanche is priced at $54.02, marking a 7-day increase of 0.62%. However, it also witnessed a 7.47% decrease over the past 24 hours. AVAX has shown impressive gains despite this short-term fluctuation, recording a 38.19% increase over the past 30 days.
Moreover, its year-to-date (YTD) performance boasts a substantial rise of approximately 58%, indicating growing demand for the token. Avalanche distinguishes itself by positioning as a leading blockchain for Web3 gaming. The recent integration of the popular game Maple Story onto an Avalanche subnet signifies a significant milestone.
Institutional DeFi continues to explore new frontiers on Avalanche!
The Australia and New Zealand Banking Group (ANZ) and @chainlink unveiled results of a new initiative connecting Avalanche and Ethereum for the global settlement of tokenized assets 👇 https://t.co/aGREcFvGrZ
— Avalanche 🔺 (@avax) March 18, 2024
This move potentially onboards millions of existing users into Web3 gaming. Furthermore, Avalanche, leveraging its subnet architecture, offers scalability and customization features sought after by traditional game publishers. In addition, Avalanche emphasizes being the “most developer-friendly Layer 1” blockchain.
It employs a tripartite consensus mechanism comprising Avalanche-X, Avalanche-C, and Avalanche-P sub-protocols. This structure enables rapid transaction processing and scalability, supporting thousands of transactions per second. With a robust infrastructure, strategic partnerships, and a strong focus on developers, Avalanche aims to establish itself as the preferred platform for Web3 gaming.
3. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix introduces a novel Stake-to-Mine mechanism, allowing users to earn rewards by staking BTCMTX tokens. This approach removes the requirement for costly mining equipment and technical knowledge, opening up Bitcoin mining to all investors. The Stake-to-Mine system functions smoothly on the Ethereum blockchain, offering users a user-friendly interface for participating in Bitcoin mining.
Only 48 hours left until Stage 32 wraps up for #BitcoinMinetrix! 🚨
How does the concept of "mining centralization" relate to #Bitcoin's overall health and security? pic.twitter.com/HU7NXEzjTl
— Bitcoinminetrix (@bitcoinminetrix) March 19, 2024
By staking BTCMTX tokens, users can mine Bitcoin directly. This innovative model encourages participation and provides a concrete reason for holding BTCMTX tokens in the long term. Furthermore, this approach may attract large Bitcoin investors.
Moreover, the presale has raised over $12 million so far, with each token priced at $0.0141. Supported by a current Annual Percentage Yield (APY) of 56% and a $30,000 airdrop aimed at encouraging community involvement, Bitcoin Minetrix has garnered significant attention from Bitcoin investors. Also, with less than a day remaining until the conclusion of Stage 32 for Bitcoin Minetrix, interested investors should act promptly.
4. dogwifhat (WIF)
dogwifhat (WIF) has surged over 400% in the past month, making it one of the best crypto to buy now. Launched recently, it gained immense popularity with backing from major crypto exchanges like Binance, Kucoin, and Bybit. The token reached an all-time high of nearly $3.50, with a market cap nearing $3.5 billion.
However, like many tokens, WIF has been affected by the recent market downturn. It is currently trading at around $2.44, down 4.70% for the day. Nonetheless, WIF has shown an upward trend, experiencing a surge last month. The sentiment towards WIF’s price prediction is neutral, while the Fear & Greed Index indicates extreme greed at 79.
Over the past 30 days, WIF has seen 18 green days, constituting 60% of the period. This shows substantial market activity. With its high liquidity, reflected in its market capitalization, WIF is ranked #4 in the Meme Coins sector. Moreover, dogwifhat’s recent performance has been impressive; investors must consider market volatility and conduct thorough research before making investment decisions.
5. Fantom (FTM)
Fantom has recently attracted attention in the crypto market due to growing bullish sentiment among investors. Despite facing challenges in crossing the crucial $1 mark, there’s optimism regarding its potential target of $1.44. However, the token has been under significant selling pressure, indicating a bearish trend according to various indicators.
The recent bear market impacted Fantom, causing its price to drop by double digits in just a few days. However, the current stability in its price suggests a period of consolidation. There’s potential for a breakout looming, which could lead FTM to achieve new highs.
The increased volatility in FTM’s price has sparked discussions among investors, leading to a rise in its Social Volume. Additionally, the Weighted Sentiment for FTM has increased, reflecting a prevailing bullish sentiment among investors.
At the time of writing, FTM traded at $0.9491, boasting a market capitalization exceeding $2.6 billion. Furthermore, a significant factor contributing to Fantom’s recent price surge is the reported decrease in FTM available on cryptocurrency exchanges since March. This decline in exchange reserves, coupled with a price increase from $0.50 to $0.82, suggests a considerable shift of assets to private wallets.
Fantom has an exemplary record of 99.9% uptime ✨
Our technology represents a significant leap forward in the quest for a more efficient, secure, and scalable blockchain network.@ReflexivityRes explored this in its latest report on #Fantom 📝https://t.co/n8zAL8d3Tk pic.twitter.com/cNOKndZkjQ
— Fantom Foundation (@FantomFDN) March 18, 2024
This reflects strong confidence in the altcoin’s long-term potential. Fantom has demonstrated impressive performance over the past year, with its price increasing by 109% and outperforming 58% of the top 100 crypto assets. It is currently trading near its cycle high and is considered to have high liquidity based on its market capitalization.
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