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‘What is the best crypto to buy right now?’ is a common question asked by investors – in this article, we explore a range of tokens to watch.
The cryptocurrency market is experiencing diverse trends, offering potential surprises for investors amidst the current bull market. Predicting the future accurately in the cryptocurrency market is challenging. However, Insidebitcoins thoroughly analyzes different tokens for their potential growth and market value, making it easy for investors to make well-informed decisions.
Best Crypto to Buy Now
After the Federal Reserve made its interest rate decision, the cryptocurrency market has grown substantially, with major cryptocurrencies showing massive gains. Bitcoin jumped over $67,000, leading the charge, while Ethereum also exceeded $3,500. Other altcoins like Solana, Ondo, and Beam saw significant boosts, too, indicating a resurgence in investor confidence after recent downturns.
1. Solana (SOL)
Solana has demonstrated resilience amidst the recent turbulence in the crypto market. While many digital assets experienced significant declines, Solana’s price has remained relatively stable, suggesting the potential for a notable recovery.
Furthermore, the token is currently trading at $191.40, with a 24-hour rise of 11.18%; Solana shows signs of a bullish reversal. The cryptocurrency has surpassed the $190 threshold, indicating a recovery alongside Bitcoin’s price uptick. Moreover, Solana has found strong buying interest around the $162.45 support level.
This potential paves the way for a breakthrough past the $195.68 resistance. If achieved, this could lead to a surge towards the recent high of $210. Data from Whale Alert shows several large SOL transactions on the blockchain, two of which involved tokens worth $362 million and $498 million, respectively.
Breaking News: @ParallelTCG will launch their new AI-powered game, @ParallelColony, on Solana! 🎮🔥
AI agents will be able to autonomously transact onchain in this entirely new kind of survival game. More👇 https://t.co/mFYek4oyiT
— Solana (@solana) March 15, 2024
Furthermore, the current sentiment towards Solana’s price prediction is bullish, while the Fear & Greed Index is 78 (Extreme Greed). Solana is trading above its 200-day simple moving average, indicating positive momentum. Additionally, it boasts high liquidity based on its market capitalization and is listed on major exchanges like Binance.
2. Ondo (ONDO)
ONDO climbed by 31% in the past 24 hours and is currently trading at $0.76. This surge propelled ONDO into the top 100 cryptos list, boasting a market cap exceeding $1 billion. Notably, it reached an all-time high of $0.781640 on March 21.
The recent price rally is attributed to ONDO’s momentum. It pushed its token price from $0.3795 earlier in the week to its peak of $0.78. Breaking through a resistance level at $0.6649, it achieved its highest point since March 8 of the current year.
With a bullish sentiment prevailing, investors are eyeing a target of $1 for ONDO. Moreover, the token’s proximity to its all-time high and high liquidity, determined by its market cap, indicates favorable trading conditions.
Furthermore, the surging price of the Ondo token is fueled by growing interest in the RAW sector. Currently, ONDO leads this category, capturing most of investors’ attention. BlackRock, the world’s largest asset manager, has recently shown interest in this sector.
In partnership with Securitize, the company has allocated $100 million to pursue its interest in the industry. This move suggests the long-term potential for ONDO within the industry, bolstering its position as the best cryptocurrency to buy now.
3. Dogecoin20 (DOGE20)
Dogecoin20 has attracted significant attention within the market due to its rapid rise. The presale has raised over $4.5 million in just a few days. This cryptocurrency distinguishes itself by integrating meme culture with on-chain staking, presenting an alternative to the popular Dogecoin while venturing into unexplored territory.
Moreover, Investors are drawn to the project’s unique value proposition. It combines meme culture with the ability to stake tokens on the blockchain. This approach has sparked interest among early adopters.
Investors anticipate benefiting from potential price surges post-launch. During the presale phase, investors can acquire DOGE20 tokens at a starting price of $0.00014. However, the price is set to increase as the presale progresses. There’s a two-day window before the next price adjustment.
One of the key attractions for investors is the opportunity to earn a substantial Annual Percentage Yield (APY) of 192% by staking their DOGE20 tokens. The project allocates 15% of its total token supply to fund these staking rewards. It offers a level of utility uncommon among meme coins.
LFG!!! 🚀
Another insane milestone for #DOGE20! 💥🐕
Raising over $4.5 Million! 💰
Can this day get any better? 🤔
Hmm… Only if we hit $5M! 😊 pic.twitter.com/kGIpWkHYqj
— Dogecoin20 (@DOGE_COIN20) March 21, 2024
Beyond its financial incentives, Dogecoin20 aims to extend its impact beyond the digital realm by supporting charitable initiatives, community projects, and noble causes. The project outlines a six-stage roadmap to achieve these goals. It positions itself as a leader in promoting inclusivity and impact within the crypto market.
4. Sui (SUI)
In recent news, Sui has announced a partnership with TravelSwap. The collaboration aims to enhance the travel experience through a novel rewards system. Leveraging Sui’s speed, security, and composability attributes, TravelSwap intends to offer a seamless rewards mechanism across various blockchain networks.
Also, the collaboration seeks to establish a more efficient rewards system utilizing Sui’s capabilities, promising a smoother Web3-oriented travel encounter. Concurrently, Mysten Labs has declared the retirement of its Mysten-operated explorer. This marks a significant step towards a decentralized internet. 
This move reflects the flourishing Sui ecosystem, with platforms like SuiVision and Suiscan surpassing the initial explorer’s functionalities. The retirement of the Mysten-operated Sui Explorer signifies a crucial milestone in the ecosystem’s journey toward decentralization and innovation. Furthermore, Sui’s crypto price has surged by 19.33% in the past 24 hours. The token trades above its 200-day simple moving average.
Welcome to Sui, @TravelSwap_xyz!
TravelSwap is developing a streamline, omni-chain rewards system, powered by Sui 👇 https://t.co/iSwCbzAQJc
— Sui (@SuiNetwork) March 20, 2024
Moreover, this positive trend aligns with its performance compared to the token sale price. SUI’s price prediction is optimistic, and investors show extreme greed with a Fear & Greed Index of 78. In addition, the token boasts high liquidity based on its market capitalization. This cements its position as one of the best tokens in the cryptocurrency market.
5. Beam (BEAM)
The price of BEAM price has increased significantly by 11.20% over the last 24 hours, valued at $0.03569. Moreover, the token rose by 251% last year, outperforming 78% of the top 100 crypto assets during this period. Despite recent price gains, the sentiment towards BEAM’s price prediction remains bearish.
However, this sentiment contrasts with the Fear & Greed Index, which indicates extreme greed at 78. Furthermore, BEAM trades 31.40% above its 200-day Simple Moving Average (SMA) at $0.089017. This indicator suggests a bullish trend, indicating that the price has been consistently higher than the average price over the past 200 days.
In addition, BEAM’s yearly inflation rate is 10.62%, and approximately 14.47 million new BEAM tokens were created last year. The coin ranks #109 in the DeFi Coins sector and #13 in the Privacy Coins sector, reflecting its position relative to other cryptocurrencies in these respective categories.
To keep everyone informed about the $MC ➡️ $BEAM migration we share monthly updates.
Next one's coming up end of March ✨ https://t.co/TwDMUsMIpU
— Merit Circle (@MeritCircle_IO) March 17, 2024
In summary, BEAM has shown significant price movements recently, outperforming other cryptocurrencies. However, sentiment towards its future price remains cautious despite high investor greed. Its trading position relative to its 200-day SMA suggests a bullish trend, making it the best crypto to buy now.
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