Best Crypto to Buy Now November 17 - PAX Gold, Celestia, Monero

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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched on CEX and DEX platforms daily.

Specifically focusing on Bitcoin, its current price is $36,398, exhibiting a 2.17% loss in the last 24 hours. Bitcoin dominance, indicating its share in the overall cryptocurrency market, saw a slight increase of 0.05% during this timeframe, resting at 51.04%.

Best Crypto to Buy Now

These figures portray a market fluctuation where the total market cap and 24-hour trading volume experienced a downturn. As the leading cryptocurrency, Bitcoin faced a moderate decrease in its value but maintained its dominance within the market despite the slight increase observed.

1. PAX Gold (PAXG)

PAX Gold (PAXG) distinguishes itself in the crypto sphere by tethering to tangible London Good Delivery gold bars stored securely in Brink’s vaults. Its primary objective is broadening the accessibility of gold investment, targeting a wider spectrum of investors.

The official whitepaper underscores a significant fact about the gold market. A substantial portion of the total gold reserves, valued at over USD 3.5 trillion, is primarily reserved for investment. However, it still needs to be in reach for smaller investors. PAX Gold addresses this disparity by fractionalizing gold bar ownership.

Presently, PAX Gold is trading at $1,970.15, with a 24-hour trading volume of $9.41M. Furthermore, PAXG has a market cap of $464.61M, reflecting a market dominance of 0.03%. Over the last 24 hours, the token has shown a 1.25% price increase.

Market sentiment leans towards bullish for PAX Gold’s price prediction. At the same time, the Fear & Greed Index registers 63 (Greed), placing it among the best crypto to buy now.

Regarding supply dynamics, the circulating supply of PAX Gold stands at 235,824 PAXG out of a maximum supply of 325,209 PAXG. The yearly supply inflation rate stands at -27.49%, creating -89,385 PAXG over the past year.

PAX Gold secures its position at #30 in the Ethereum (ERC20) Tokens sector and is actively traded on the Binance platform. It has demonstrated trading patterns consistently above the 200-day simple moving average. Its price has surged by 12% over the last year, outperforming 51% of the top 100 crypto assets.

To sum up, PAX Gold’s core premise revolves around tokenizing physical gold assets to enable wider accessibility to gold investments. Its performance metrics, market position, and supply dynamics paint a comprehensive picture within the cryptocurrency landscape.

2. Celestia (TIA)

A recent departure from the conventional monolithic blockchain approach was announced by TIA, leading to a surge in its price. Celestia, the newly launched modular blockchain, introduced a system decoupling consensus to enhance scalability while maintaining secure decentralization.

This innovation simplifies the deployment of individual blockchains with minimal overhead, catering to those interested in building their blockchain. The approach adopted by Celestia aims to streamline the development process, offering a user-friendly experience.

Moreover, the industry anticipates that this mechanism could establish a new blockchain technology standard. Within 24 hours, Celestia recorded a transaction flow exceeding $852 million. Similarly, its circulating supply of 141 million holds a value of over $835 million in the crypto market.

Get ready for the ETHIstanbul Hackathon!

Celestia has partnered with @ETHGlobal and is bringing exciting bounties worth $10,000 this weekend! Ready to hack? 👩‍💻

🗓️ Nov 17-19, 2023https://t.co/W5NK7iu0CP

— Celestia (@CelestiaOrg) November 16, 2023

Furthermore, the impact of Celestia’s decoupling mechanism is anticipated to set a benchmark in blockchain technology. Additionally, Celestia’s circulating supply of 141,043,528, valued at nearly $835 million, generated a transaction flow of $852,850,435 in the past day.

3. Siacoin (SC)

Siacoin (SC) has shown significant progress over the past year, with its price skyrocketing by 106%. This surge outperformed 78% of the top 100 cryptocurrencies, indicating a strong upward momentum. The asset consistently traded above the 200-day simple moving average. Moreover, it boasted positive gains on 20 of the last 30 trading days, marking a 67% positive trading frequency.

With a market capitalization indicating high liquidity, Siacoin primarily trades on Binance. It has also amassed a 24-hour trading volume of $13.53 million, a market cap of $267.21 million, and a market dominance of 0.02%.

The sentiment surrounding Siacoin’s price prediction leans bullish, reflected in a Fear & Greed Index score 63 (Greed). However, future projections suggest a conservative outlook, anticipating a maximum potential price of $0.0076 as the market recovers, with an average estimated price of $0.0067 by 2023. In contrast, a major bearish trend could drive the price to a minimum of $0.0058 by 2023.

Get ready for the ETHIstanbul Hackathon!

Celestia has partnered with @ETHGlobal and is bringing exciting bounties worth $10,000 this weekend! Ready to hack? 👩‍💻

🗓️ Nov 17-19, 2023https://t.co/W5NK7iu0CP

— Celestia (@CelestiaOrg) November 16, 2023

Supply-wise, Siacoin has a circulating supply of 55.67 billion SC out of a maximum supply of 52.54 billion SC, with an annual inflation rate of 5.96%. Approximately 3.13 billion SCs were generated in the last year. Regarding market ranking, Siacoin currently holds the #10 position in the Proof-of-Work Coins sector and #60 in the Layer 1 sector based on market cap. These rankings and positive price movements make Siacoin the best crypto to buy now.

4. Bitcoin ETF Token (BTCETF)

The Bitcoin ETF Token project has emerged, focusing on the potential approval of a Bitcoin Exchange-Traded Fund (ETF). BTCETF investors have a simplified way to take advantage of this anticipated development by consolidating it into a single token.

Experts suggest that if a Bitcoin ETF is approved, it could potentially increase Bitcoin’s value by 1-3 times its current price. BTCETF aims to stand out by targeting the ETF approval process, indicating the possibility of higher returns due to its smaller market capitalization.

BTCETF has raised $939,526 from its $1,310,400 funding goal, signaling significant interest among potential buyers. This surge in investor attention positions the coin as a noteworthy option in the cryptocurrency market. Interested investors should note a limited window of 4 days until a potential price adjustment.

@WisdomTreeEU refiles spot #Bitcoin #ETF with the #SEC, marking a renewed push for approval in the burgeoning #CryptoETF realm.

With rising interest and a projected $30 billion demand, will 2024 mark the first $BTC ETF approval?#BitcoinETF has now also raised over $900K! 🪙 pic.twitter.com/6PGNkK5FBR

— BTCETF_Token (@BTCETF_Token) November 17, 2023

The BTCETF Token project is centered on the upcoming Bitcoin ETF approval, offering a unique investment opportunity. The current traction among investors is evident, but cautious decision-making is recommended considering cryptocurrency investments’ speculative nature.

5. Monero (XMR)

Monero has seen notable shifts in its market dynamics over the past year. Its price has escalated by 26% within this timeframe, outperforming 58% of the top 100 crypto assets. Notably, it’s currently trading above the 200-day simple moving average, indicating a sustained positive trend. Despite recent overselling, there’s a likelihood of an upward trajectory soon.

Furthermore, the coin has exhibited stability in its price movement, with 57% of the last 30 days marked by positive gains. This stability is supported by its high liquidity, reflected in its substantial market cap and availability on Binance. Monero also boasts a relatively low yearly inflation rate of 0.87%, contributing to its overall supply stability.

Moreover, Monero’s current supply is 18.36M XMR out of a maximum supply of 18.20M XMR. With a modest yearly supply inflation rate of 0.87%, it generated 157,481 XMR in the past year.

In the cryptocurrency landscape, Monero holds a significant position. It ranks within the top 5 in the Proof-of-Work Coins sector, claiming the top spot in the Privacy Coins sector and holding the 16th position in the Layer 1 sector. The current sentiment around Monero’s price prediction leans towards bullish, aligned with a Fear & Greed Index showing a reading of 63 (Greed).

We're excited to announce that GUI v0.18.3.1 'Fluorine Fermi' has been released!https://t.co/ORl8tY3U2d

— Monero (XMR) (@monero) October 11, 2023

These indicators collectively paint a picture of a cryptocurrency that has showcased stability and maintained its position amidst market fluctuations. Thus, it remains a player in the privacy-focused coin sector, making it the best crypto to buy now.