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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.
Altcoins have risen in value, with some performing better than others. The crypto market shows strong upward trends, with top altcoins boosting portfolio values. In recent developments, Ethereum has maintained its status as the leading blockchain for NFT sales for the third day in a row, ending the week on a high note.
Best Crypto to Buy Now
Recently, TON has maintained its upward trend in the crypto market, establishing itself as a preferred choice for investors. Furthermore, Immutable and OKX have collaborated to launch a GameFi Launchpad, aiming to transform the gaming industry in the Web3 space. Additionally, VeChain has been actively forming notable partnerships, indicating the increasing acceptance of VeChain’s technology across different sectors.
1. Toncoin (TON)
In recent weeks, TON has continued its upward trajectory in the crypto market, solidifying its position as a favorite among investors. At the time of writing, TON was trading at $5.35, marking a 9.11% increase, surpassing its previous peak value.
Additionally, TON has recently unveiled a significant community incentive initiative named The Open League, which has triggered a bullish surge in market sentiment. Starting in April, The Open League seeks to incentivize competitive projects and users within the TON ecosystem. It plans to achieve this by distributing 30 million Toncoin, valued at approximately $115 million, among participants.
As part of a pilot program, the TON Foundation has already distributed 650,000 Toncoin (equivalent to $2.6 million) to users through liquidity pool boosts. Also, winning projects from the pilot competition, set to be announced on March 31, will share 550,000 Toncoin (equivalent to $2.2 million).
"Following a successful pilot program, The Open League will distribute 30 million Toncoin to competing projects and TON ecosystem users starting April 1."@TheBlock__ ⬇️https://t.co/wsogkC6rDn
— TON 💎 (@ton_blockchain) March 21, 2024
Furthermore, statements released by the TON Foundation reveal that the network has experienced an increase in total value locked on its decentralized exchanges. This comes with a surge of 70%. Moreover, a remarkable 370% rise in daily active addresses has occurred during the pilot phase.
Market sentiment regarding Toncoin’s price prediction is currently bullish, coinciding with a Fear & Greed Index reading of 75 (Greed). Further, TON is trading above its 200-day simple moving average and has seen 20 positive trading days out of the last 30. This constitutes a 67% success rate. Notably, TON is also trading near its all-time high.
2. Arbitrum (ARB)
Arbitrum recently completed an unlocking event according to its 2024 roadmap. This event saw the release of 1.1 billion ARB tokens, approximately 40% were distributed among the team, advisors, and investors. The latest decline in Arbitrum’s trajectory began just before the unlocking event.
After failing to sustain the $2 support level, ARB’s price plummeted by over 30% to approximately $1.48 on March 19th. However, since then, ARB has shown signs of recovery. On March 20, crypto analyst World Of Charts observed a bullish flag breakout for ARB.
Successfully retesting the $1.64 price range could potentially lead to a “40-45% Bullish Wave,” according to the analyst. Following this analysis, ARB did indeed retest above the suggested price range, reaching the $1.8 mark in the early hours of the next yesterday before settling around $1.75.
We’re thrilled to share what’s coming next from @The_Beacon_GG !💙🧡
Learn more about their exciting upcoming update below!👇 https://t.co/DZYtMbesu2
— Arbitrum (💙,🧡) (@arbitrum) March 22, 2024
Furthermore, ARB is trading at $1.70, representing a 2.62% increase in the last 24 hours. Although it has experienced a decrease of 1.41% in the weekly timeframe and a 7.15% decrease in the monthly timeframe, its current price still marks a 36.86% surge since the beginning of the year.
3. Dogecoin20 (DOGE20)
Inspired by Shiba Inu-themed meme coin, Dogecoin20 integrates on-chain staking. Users can earn rewards by holding their tokens in a digital wallet and supporting the network. Moreover, Investors are interested in this project due to its unique proposition.
Discover the simplicity of managing your #DOGE20 wallet! 🚀
Bid farewell to complex wallet setups and token management woes. 🔐
Thanks to its #Ethereum foundation, $DOGE20 brings added flexibility, seamlessly integrating with your ERC-20 tokens. 💼#Memecoins #Altcoins pic.twitter.com/yrGkktderm
— Dogecoin20 (@DOGE_COIN20) March 24, 2024
By combining meme culture with blockchain staking, Dogecoin20 has attracted early adopters. The project has raised over $8.8 million in its current presale phase, with each token priced at $0.000209.
However, investors have a limited window of two days before the next price increase. The project offers the potential for price surges after its official launch, making it an appealing investment opportunity. One of its main draws is the high Annual Percentage Yield (APY) of 192% for staking DOGE20 tokens.
This means investors can earn significant returns by participating in the network. Furthermore, Dogecoin20 has allocated 15% of its total token supply to fund these staking rewards, providing a level of utility not often seen in meme coins.
4. Immutable (IMX)
Immutable and OKX have joined forces to introduce a GameFi Launchpad, aiming to revolutionize the gaming sector in Web3. This partnership entails the introduction of a GameFi NFT launchpad and the integration of Immutable’s gaming-focused zkEVM chain into OKX Marketplace and OKX Wallet. The collaboration aims to reshape the accessibility and engagement with NFTs and digital assets within the gaming community, potentially impacting over 50 million users.
OKX’s GameFi launchpad will launch in the coming months, strategically timed to support the anticipated global gaming launches planned for Immutable zkEVM. Games built on Immutable, including Guild of Guardians, Shardbound, and Metalcore, will leverage OKX’s platform to expand their reach and enhance player experiences.
Immutable, the home of web3 gaming, is joining forces with @okx to launch the next-generation GameFi launchpad to onboard the next billion users into web3 gaming.
The future unfolds with Immutable and OKX. pic.twitter.com/7wzaSYr4Nc
— Immutable (@Immutable) March 23, 2024
Currently, the IMX token is trading at $2.97, marking a significant increase of 174% over the past year. This performance has outstripped 67% of the top 100 crypto assets during the same period. Market sentiment surrounding Immutable is currently bullish, as indicated by a Fear & Greed Index reading of 75 (Greed).
Furthermore, Immutable maintains a trading position above the 200-day simple moving average. In addition, its performance compared to the token sale price has been positive, suggesting investor confidence in the project’s trajectory.
5. VeChain (VET)
VeChain is a blockchain platform focusing on supply chain management and sustainability. The platform recently partnered with Ultimate Fighting Championship (UFC). The collaboration aims to promote sustainability initiatives.
Recent joint activities include participation at UFC 299, where fans from both communities are engaged. Furthermore, the renowned UFC Octagon announcer Bruce Buffer has supported the VeChain-UFC partnership. He highlights the importance of sustainability efforts, particularly in ocean conservation. Buffer’s endorsement underscores the partnership’s alignment with his personal interests and values.
Moreover, VeChain has been actively forging significant partnerships, with Vyvo Smart Chain among the latest additions. These partnerships signal the growing adoption of VeChain’s technology within various sectors. With sustainability as a central focus, VeChain aims to tap into expansive market opportunities.
The VeFam is getting bigger!
3 million + VeChain wallets are in the world. Slowly, then suddenly 💨https://t.co/I0ttvqpr8J
— vechain (@vechainofficial) March 21, 2024
In addition, VET recently celebrated reaching a milestone of 3 million unique VeChain wallets and achieving a new all-time high in blockchain activity. The project is positioned favorably within the current crypto market cycle. Investors within the VeChain community are optimistic about its potential for further price appreciation.
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