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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.
Investors perpetually pursue significant returns, constantly scanning the market for lucrative opportunities. Acknowledging the dedication and time this requires, Insidebitcoins consistently compiles a selection of the best tokens to invest in. This compilation gives investors the necessary information to make informed decisions.
Best Crypto to Buy Now
Today’s selected tokens include dogwifhat (WIF), which has grabbed attention with its notable price movements. WIF surged by an impressive 43%, jumping from $1.05 to $2.12. Moreover, Fetch.AI (FET) has also shown significant growth, earning a place among today’s top performers. Additionally, BEAM has experienced a modest uptick of 0.72% over the last 24 hours.
1. dogwifhat (WIF)
In recent market activity, dogwifhat (WIF) has attracted considerable attention due to its significant price movements. Yesterday, WIF experienced a remarkable 43% surge, soaring from $1.05 to $2.12. This surge followed an announcement from Binance regarding adding WIF to its trading platform.
The decision by Binance to list WIF brought about heightened visibility and accessibility for the token, broadening its investor base. Initially, WIF surged to $1.8 in response to the news, showcasing the immediate impact on investor sentiment. However, a temporary setback occurred as Bitcoin (BTC) faced a downturn, causing WIF to retract to $1.057.
Despite this volatility, WIF recovered and extended its gains, reaching $2.12, marking an impressive 43% surge. This resilience highlights the token’s potential amidst broader market fluctuations, further solidified by its position as the top gainer on Binance. Subsequently, at the time of writing, WIF experienced a decrease of 13.20%.
Nevertheless, zooming out to a weekly timeframe reveals a substantial 201% surge, indicating a consistent upward trajectory. Moreover, WIF’s 30-day performance has been remarkable, skyrocketing by an astonishing 786.6%. This sustained growth suggests that dogwifhat has gained traction and attracted investor attention well before the Binance listing announcement.
2. Fetch.ai (FET)
Fetch.AI (FET) has grown significantly in today’s cryptocurrency market, securing a spot among the top performers. This surge is attributed to a major announcement by the Fetch.AI Foundation, which has sparked investor interest. On March 5, 2024, the foundation revealed a substantial investment in infrastructure with the introduction of “Fetch Compute,” following a $100 million investment to bolster development capabilities within the AI economy.
The asset saw a remarkable 41.45% increase in the last 24 hours, crossing the $2 threshold for the first time yesterday. This surge has pushed Fetch.AI to 64th place among the top cryptocurrencies by market cap, reflecting growing investor confidence and optimism regarding its technological advancements and future potential.
Introducing: Fetch Compute 🖥️
Following a $100M investment in our infrastructure, we have secured the future for our growing ecosystem with a decentralized computing platform, offering advanced AI-focused @nvidia #GPUs 🚀⚡
But wait, there's more for $FET stakers! 👀👇 pic.twitter.com/i9FYkJnkLZ
— Fetch.ai (@Fetch_ai) March 5, 2024
Current sentiment toward Fetch.ai’s price prediction is bullish, with the Fear & Greed Index showing 82 (Extreme Greed). Last year, FET’s price surged by 573%, outperforming 90% of the top 100 crypto assets. Fetch.AI is trading above the 200-day simple moving average and has shown positive performance compared to its token sale price.
3. Uniswap (UNI)
Uniswap’s governance token reached its highest value two years after a significant surge. This increase coincided with the total market cap of alternative cryptocurrencies surpassing $310 billion, a milestone not seen since April 2022. The price of Uniswap’s token (UNI) rose by 2.17% within 24 hours, reaching a value of over $14.97.
Market sentiment towards Uniswap appears bullish, as evidenced by the Fear & Greed Index of 82, indicating extreme greed among investors. Furthermore, Uniswap saw a remarkable price increase of 133% last year, outperforming 58% of the top 100 cryptocurrencies.
The token currently ranks 3rd in the DeFi Coins sector and 2nd in the Exchange Tokens sector. UNI also ranks 1st in the Yield Farming sector and 5th in the Ethereum (ERC20) Tokens sector. Moreover, the token has high liquidity, reflected in its market capitalization.
Uniswap Labs is proud to be a member of the Superstate Industry Council (SIC)
Playing our part in shaping the future of tokenized financial services and capital markets 🫡
As we bring more traditional assets onchain, very excited to see RWAs leverage hooks on v4 👀 https://t.co/6V8nXjh5hy
— Uniswap Labs 🦄 (@Uniswap) March 6, 2024
Additionally, UNI is trading above its 200-day simple moving average, indicating a positive trend in its price movements. This impressive performance can be attributed to many factors, including new developments, technical breakouts in its price charts, and growing optimism among traders and analysts. These elements have collectively contributed to Uniswap’s recent success in the cryptocurrency market.
4. Sponge V2 (SPONGEV2)
Sponge V2 is causing a stir in the cryptocurrency market with its innovative features and ambitious projects. Interactive gameplay has been integrated into Sponge V2, introducing a Play-to-Earn (P2E) functionality. This means users can earn SPONGEV2 tokens by actively engaging in gaming activities.
This feature adds depth to investors’ strategies, providing an opportunity to earn rewards within the Sponge ecosystem. In addition, Sponge V2 offers various utility features, including a staking mechanism boasting an annual percentage yield (APY) of 181%. This staking mechanism allows token holders to earn rewards, enhancing user engagement and community loyalty.
ONLY UP 🚀🧽🧽🧽🧽 $SPONGE
Important claim announcement coming soon! 🌟
Stay tuned 💦#SpongeV2 #MemeCoin #Crypto #AltSeason #Bullish pic.twitter.com/76CnfokjjS
— $SPONGE (@spongeoneth) March 6, 2024
While SPONGE V2 has seen price appreciation and gained attention as a meme coin, there is speculation about its potential for another significant surge in value. However, as with any investment, investors must conduct thorough research and exercise caution, especially considering market volatility.
5. Beam (BEAM)
Beam revolutionizes the gaming industry by bringing gamers and developers together. Central to this ecosystem is the Beam SDK, a flexible toolkit empowering game developers to integrate blockchain elements seamlessly into their games. This SDK offers a variety of tools tailored to structuring and enhancing in-game blockchain features.
To participate in the Beam ecosystem, users require the native crypto asset, BEAM. This cryptocurrency facilitates transactions within the Beam network, covering asset transfers and interactions with smart contracts. Its purpose is to ensure a smooth and immersive gaming experience for users.
Additionally, Beam has introduced the $FP token, designated as the in-game utility coin for their upcoming game, Forgotplayground. This token serves specific functions within the game environment, enhancing user engagement and interaction. Furthermore, BEAM has seen a modest increase of 0.72% over the past 24 hours. The token is currently trading at $0.03968.
Curious to see some @ForgotPlayland in-game footage?
We got you! Check out this Jungle Rumble clip, a thrilling fight between two Plushies ⚔️ https://t.co/xvnZdf0TxH
— Merit Circle (@MeritCircle_IO) March 3, 2024
Currently, market sentiment towards Beam’s price prediction is optimistic, indicating a bullish outlook. Equally, the Fear & Greed Index registers at 82, signaling a state of extreme greed among investors.
In other news, Bitcoin recently surged to an all-time high, breaching the significant milestone of $69,000. However, the celebration was short-lived as it swiftly plummeted by 8% shortly after reaching this peak.
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