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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.
Investors anticipate a bullish market and are eager to find tokens poised for substantial gains. Yet, not all tokens suffice; investments demand precision for significant profits. Despite cryptocurrency volatility, Insidebitcoins analyzes expert insights, historical trends, and emerging patterns to curate a comprehensive list of tokens with growth potential and market value.
Best Crypto to Buy Now
Bitcoin has risen by over 6% in the last 24 hours, alongside significant surges in other digital assets. FTM experienced a major surge today, trading at $0.6763, marking a 33.12% intraday increase. STX also shows a positive trend, with a 4.35% price hike in the past day. Its dominance on the charts is evident, rising from $2.48 to $3.38 in the past week. Myro has impressive gains, with a 185% price increase over the week.
1. Fantom (FTM)
The Fantom token, FTM, witnessed a surge in value at the beginning of today. The blockchain platform focuses on facilitating high-speed transactions and supporting smart contracts. It is primarily known for providing developers with decentralized finance (DeFi) services, leveraging its unique consensus algorithm called Lachesis.
Furthermore, it aims to enhance DeFi and related services by offering significantly higher transaction capacity and faster finalization. It boasts a two-second timeframe. Additionally, Fantom claims improvements in security compared to traditional proof-of-stake (PoS) algorithm-based platforms.
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— Fantom Foundation (@FantomFDN) February 27, 2024
The recent increase in FTM value attracted the attention of both investors and analysts, indicating a renewed interest and potential upward movement for Fantom. According to Spot On Chain, the recent surge in FTM attracted a cryptocurrency whale who injected hundreds of thousands of dollars into the altcoin. The data reveals that this whale investor acquired a total of 4.71 million FTM, amounting to approximately $2.69 million.
Moreover, the purchases were made through Gemini and Airswap exchanges, with an average price of about $0.57 over the past two days. FTM is currently trading at $0.6763 and has seen an intraday increase of 33.12%. As Fantom continues to gain momentum, analysts are closely monitoring indicators and market trends to assess the potential trajectory of the altcoin.
2. ORDI (ORDI)
ORDI is the first token on the Bitcoin Ordinals protocol. The token has attracted investors with its recent surge in value. Like Bitcoin, it boasts a capped supply of 21 million tokens and facilitates trading on centralized exchanges for traditional currencies.
Besides, ORDI has experienced an intraday upswing, now trading at $85.58, reflecting an 11.20% increase. This surge has propelled its market capitalization to approximately $1.799 billion, marking a substantial 10.98% rise. Trading volume has also spiked by 29.97%, hitting $617 million.
At present, ORDI is trading near its peak at $89.49, indicating a bullish sentiment among investors, with the Fear & Greed Index showing an extreme greed rating of 82. The token is also 547.25% above the 200-day Simple Moving Average (SMA) of $13.55, indicating a significant deviation from its historical price trend.
Overall, ORDI’s performance suggests robust investor interest and confidence, particularly as it nears its all-time high. However, investors should remain vigilant, given the inherent volatility of the cryptocurrency market.
3. eTukTuk (TUK)
eTukTuk has raised over $1.5 million in its ongoing initial coin offering (ICO). The project’s primary objective is to revolutionize transportation in developing countries, particularly by addressing urban noise and air pollution. Furthermore, the project proposes a practical solution to combat pollution in cities of emerging markets.
This solution involves deploying lightweight electric vehicles (EVs) called TukTuks. These vehicles are designed to be locally constructed and powered by renewable energy sources. In addition, TUK aims to establish a network of EV charging stations to support these vehicles, thereby promoting sustainability and reducing carbon emissions.
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— eTukTuk (@eTukTukio) February 7, 2024
By introducing clean transportation options and promoting renewable energy, the project seeks to improve air quality and enhance the quality of life for urban dwellers. The ongoing ICO for TUK has a predefined hard cap of $10.7 million.
This indicates that once this funding threshold is met, investors can no longer purchase TUK tokens at a discounted rate. Following the conclusion of the ICO, the project developers intend to list TUK on major cryptocurrency exchanges. This will increase accessibility to the token and potentially foster wider adoption.
4. Myro (MYRO)
Myro is a meme coin that has gained much attention in the ongoing meme rally. The token stands out from other cryptocurrencies due to its decentralized nature, low transaction fees, and fast transaction speed. The token has quickly become a popular choice for investors, and its value has steadily increased.
Investors believe that Myro has the potential to become one of the most valuable cryptocurrencies in the market. One of Myro’s standout features is its commitment to furthering the Solana ecosystem and its utility enhancements. It boasts a built-in trading bot and has plans to introduce staking and additional utilities in the future.
These initiatives aim to increase user engagement and provide more avenues for investors to interact with the project. With a market cap of $180 million and a current trading price of $0.1918, Myro has experienced remarkable growth. The token has seen impressive gains, with a 185% increase in price over the past week and a 300% increase over the past month. Moreover, this meteoric rise has placed it at a bullish sentiment level, with the Fear & Greed Index indicating extreme greed at 82.
The journey has just begun 🐕🦺$MYRO $SOL pic.twitter.com/q1oKguaz0Q
— Myro | Solana Chain 🐕🦺 (@MyroSOL) March 2, 2024
Furthermore, Myro maintains high liquidity relative to its market cap. It currently ranks #25 in the Solana Network sector and #385 in the Meme Coins sector. Myro’s rapid ascent and innovative features make it one of the best cryptocurrencies to buy now. However, as with any investment, individuals must conduct thorough research and consider the associated risks before participating in the market.
5. Stacks (STX)
Stacks (STX) operates as a layer built on the Bitcoin blockchain, allowing smart contracts and decentralized applications (dApps) to utilize Bitcoin’s security and capital. The platform further offers additional programmability. This is possible through Stacks’ Proof-of-Transfer (PoX) consensus mechanism and Clarity programming language, which grant it knowledge of the entire Bitcoin state.
In the fourth quarter of 2023, the total crypto market experienced a significant surge, attributed mainly to the anticipation surrounding spot Bitcoin exchange-traded funds (ETFs). During this period, STX’s circulating market capitalization increased by 203% quarter-over-quarter (QoQ) to $2.0 billion, surpassing the overall crypto market’s growth rate of 54%.
Furthermore, STX demonstrated a more robust price performance than Bitcoin throughout 2023, particularly in Q4. As a leading Bitcoin layer, Stacks has surpassed many protocols beginning to build on Bitcoin. However, Stacks is poised to solidify its position further with upcoming network upgrades.
"Stacks has emerged as the leading Bitcoin layer, in a time when many protocols have just begun to build on Bitcoin. It may further solidify this role in 2024 as key network upgrades hit mainnet"
– by @MessariCrypto
Read back the full report below. pic.twitter.com/Sh5nEbgD7Z
— stacks.btc (@Stacks) March 3, 2024
These include the Nakamoto upgrade expected in April and the sBTC release scheduled in July. The Nakamoto upgrade promises faster blocks, 100% Bitcoin transaction finality, and reduced miner extractable value (MEV). It also aims to eliminate forking on the Stacks layer, setting the stage for subsequent developments such as BTC.
In recent trading activity, STX has shown a 4.35% increase in price over the past 24 hours, indicating a positive trend. The coin’s price dominance on the charts is evident, increasing from $2.48 to $3.38 in the past week. On February 28, STX reached a new all-time high of $3.38, coinciding with Bitcoin’s rise to the $63 threshold.
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