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We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days.
The crypto world is abuzz with anticipation following the Bitcoin halving, with predictions soaring for a major bull run. Some experts even forecast values reaching unprecedented highs. This spotlight extends beyond Bitcoin to other digital assets like Solana, with investors speculating about potential surges in their value. Also, investors are considering altcoins such as Klatyn, Neo, and Qtum.
Best Crypto to Buy Now
Klaytn has been gaining attention for its ambitious aim to facilitate various applications of blockchain technology worldwide. Meanwhile, Solana is currently trading at $185.14, showing an optimistic trend. Its price surpasses the 10-day and 100-day moving averages of $184.36 and $120.12, respectively. As of today, the price of Qtum is valued at $4.77, with a 24-hour trading volume of $76.70 million.
1. Solana (SOL)
Solana is currently trading at $185.14, showing an optimistic trend. Its price surpasses the 10-day and 100-day moving averages at $184.36 and $120.12, respectively. This indicates potential sustained positive momentum.
The nearest resistance level is $192.72, and a second resistance level at $209.73 is possibly in sight. Such trends may bolster investor confidence in SOL’s value trajectory. Furthermore, Solana stands out for its remarkable speed and performance.
This is attributed to its hybrid protocol, which significantly reduces transaction validation times and smart contract execution. Solana is a highly functional open-source project that leverages blockchain’s permissionless nature to offer decentralized finance (DeFi) solutions.
Moreover, Solana’s recent groundbreaking initiative is launching the first gaming roll-up chain on its blockchain, facilitated by Mirror World. This project’s core lies in the Sonic computational virtual machine (SVM). It is designed to allow developers to utilize any game engine or virtual machine within Solana through Mirror World’s advanced SDK.
1/ @Circle’s Cross-Chain Transfer Protocol is now live on Solana!
Fast, frictionless flows of USDC to Solana from 8 blockchain networks across 56 unique routes are now possible 🔥
All you need to know about #CCTP👇🧵 https://t.co/3InoRf83H8
— Solana (@solana) March 26, 2024
In conjunction with HyperGrid technology, Sonic empowers gaming platforms to establish access points and decentralized exchange aggregates for Solana-based gaming experiences. This enhances user engagement and introduces novel avenues for financial participation and earning potential within the gaming ecosystem.
Solana’s Layer 1 (L1) technology breakthrough enables efficient handling of millions of requests. This promises unparalleled processing speed for games built on the Solana platform. Consequently, the gaming industry anticipates a revolutionary shift thanks to Solana’s capabilities. These capabilities could potentially challenge established blockchains like Ethereum and redefine the decentralized gaming sector.
2. Neo (NEO)
Neo is an open-source blockchain platform driven by a community of developers. It aims to provide a comprehensive platform for creating decentralized applications. The platform offers features like smart contracts to automate asset management.
Moreover, Neo boasts native infrastructures such as decentralized storage, oracles, and domain name services, which are essential for building the next generation of the Internet. It sits among the top 100 cryptocurrencies, holding the 93rd position based on its market capitalization of $1.1 billion. Over recent periods, Neo has shown positive performance.
Over the past 7 days, Neo’s price has increased by approximately 10.64%. Meanwhile, in the last 30 days, Neo’s growth was around 11.64%. At the time of writing, Neo is trading at $16.22, with analysts suggesting a potential increase in the coming days. They anticipate it may surpass the $20 mark.
⚒️ Neo’s MEV-resistant solution is accomplished within the consensus process, without radically overhauling the protocol layer.
🔰 Storing the MEV-resistant transactions and non-MEV-resistant transactions in different mempools retains the integrity of mempool security.
9/🧵— Neo Smart Economy (@Neo_Blockchain) February 28, 2024
Sentiment towards Neo’s price prediction is bullish, as indicated by a Fear & Greed Index reading of 75 (Greed). Technically, Neo is trading above its 200-day simple moving average, which is a positive sign for investors. Moreover, out of the last 30 days, Neo has seen 18 days of positive price movement.
Despite its current market position, Neo’s price remains significantly below its all-time high (ATH) by approximately 90%. The question of whether Neo can recover in the foreseeable future is valid, especially considering its correlation with other major cryptocurrencies like Bitcoin.
3. Slothana (SLOTH)
Slothana is a novel Solana-based meme coin that has rapidly gained attention in the cryptocurrency sector by raising $2.1 million in three days. This unique project diverges from conventional presale methods. It opts for an innovative approach to replicate the success of previous meme coins like BOME and SLERF.
Unlike typical presales where investors buy tokens directly, Slothana requires participants to send SOL tokens to a designated wallet address. Upon completion of the presale, investors will receive an airdrop of SLOTH tokens. The rate is set at 1 SOL investment to 10,000 SLOTH. This mechanism showcased on the Slothana website and X.com post, distinguishes itself by facilitating a direct transfer of funds rather than a traditional purchase.
Moreover, to streamline the investment process, Slothana offers a “Lazy Sloth Buy Widget” on its website. This feature enables users to input their desired amount of SOL tokens for purchase, simplifying the investment procedure with a single click. Potential investors must note that to qualify for the airdrop, $SOL tokens must be sent from a private wallet.
🚀 Exciting news, fellow lazy sloths! Our 'Lazy Sloth Buy Widget' is now LIVE on Slothana's site! 🌿🦥 No more excuses – even the laziest among us can now send SOL with ease. Say no to slovenly sloth and yes to crypto chad lambo time!💸 #Slothana #LazyCrypto #MemeCoin
— Slothana (@SlothanaCoin) March 27, 2024
This excludes transfers from centralized exchanges such as Binance or Coinbase. With a robust marketing team backing its relatable meme concept and distinctive presale strategy, Slothana aims to capitalize on the anticipated meme coin frenzy in April 2024. Garnering a total investment of $3.7 million so far, Slothana is the best cryptocurrency to buy now in the meme coin sector.
4. Qtum (QTUM)
Qtum aims to offer a decentralized and energy-efficient solution with fast transaction speeds. Its unique decentralized governance system allows for adjustable parameters.
The platform caters to industry standards like ERC20 tokens and NFTs while avoiding high gas fees. Using Janus, developers can smoothly transition their Ethereum-based applications to Qtum. Similar to Ethereum’s Ether, investors spend QTUM to execute smart contracts, transfer assets, and conduct other operations on the platform.
As of today, the price of Qtum is valued at $4.77, with a 24-hour trading volume of $76.70 million. Over the past year, the price has surged by 58%. Moreover, it is trading above its 200-day simple moving average.
Wrapped $USDC on Qtum is coming. We're 99% of the way through a Certik audit for our bridge. We will begin pushing Github updates for the MetaMask Snap wallet integration and web frontend. You can see a testnet version of the bridge frontend at: https://t.co/X28UiOvy0L pic.twitter.com/UrkdPGbXyZ
— Qtum (@qtum) March 28, 2024
Furthermore, Sentiment analysis suggests a bullish outlook for Qtum’s price prediction, while the Fear & Greed Index indicates a level of 75 (Greed). In the last 30 days, Qtum has experienced 19 green days, indicating positive market sentiment. Its high liquidity, as reflected by its market cap, further solidifies its position in the market.
5. Klaytn (KLAY)
Klaytn has been gaining attention for its ambitious aim to facilitate various applications of blockchain technology worldwide. Moreover, the platform boasts impressive features, including low transaction latency, reliability suitable for enterprise use, and a developer-friendly environment.
Moreover, these qualities are intended to offer users and developers a smooth experience. With over 1 billion transactions from 300 decentralized applications, Klaytn has positioned itself as a contender in the blockchain space.
Currently, Klaytn’s price stands at $0.271912 with a 7-day surge of 4.33%. Its trading volume over the last 24 hours is $12,355,015, representing a decrease of -11.20% compared to the previous day, indicating a recent decline in market activity.
DragonSwap’s🐉 innovative $KLAY burn mechanism, powered by DEX revenue is a game-changer. Here’s to committing to sustainability and long-term growth!🌱#DragonSwap #Klaytn https://t.co/yNUvNcrH3v
— Klaytn (@klaytn_official) March 29, 2024
Nevertheless, the current sentiment for its price prediction is bullish. Additionally, the Fear & Greed Index is at 75, signaling greed among investors. Additionally, Klaytn is trading above its 200-day simple moving average, a positive indicator.
In the past 30 days, Klaytn has experienced 15 green days, which shows positive market performance for half the month. The project has attracted significant interest due to its partnerships and growing ecosystem, particularly in South Korea. Its potential for mass adoption and support from a well-established tech company drives investor interest.
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