Best Crypto to Buy Now November 22 - Blur, Floki, Uniswap

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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.

Bitcoin, the leading cryptocurrency, currently holds a price of $36,516, reflecting a decline of -1.83% in the last 24 hours. Additionally, Bitcoin’s dominance in the market dipped by -0.13%, settling at 50.98%.

Best Crypto to Buy Now

These figures indicate a mixed scenario within the cryptocurrency space, with a slight decrease in the market cap but a notable increase in trading activity. Bitcoin’s price fluctuation and relative market dominance changes suggest a dynamic environment where values and market share shifts are ongoing.

1. Blur (BLUR)

Significant movements within the Blur token market have been observed, primarily related to notable investors engaging in substantial transactions. Notably, Whale investors have been actively holding significant amounts of cryptocurrency. These investors have participated in staking substantial amounts of BLUR tokens following the introduction of Blur’s new staking mechanism.

One investor, identified as Whale 0x0828, withdrew 6.03 million BLUR tokens, valued at approximately $2.19 million, from Falcon X and deposited them into a staking contract. This investor has a record of substantial earnings in various cryptocurrencies, including Ethereum (ETH) and RLB.

These transactions coincide with the recent performance of the BLUR token in the market. Blur’s price is $0.441256, with an intraday trading volume and a market cap of $1.40 billion and $172.20 million, respectively.

As such, Blur is the best crypto to buy now, with a market dominance of 0.01%. The token has experienced a 22.66% increase in the last 24 hours, displaying a bullish sentiment in price prediction. In contrast, the Fear & Greed Index indicates a sentiment score of 62 (Greed).

Moreover, key highlights include trading above the 200-day simple moving average and 20 green days in the last 30 days (67% positive trend). The increased activity around BLUR tokens is linked to the conclusion of Blur’s Season 2 rewards program and the announcement of Season 3.

Season 2 is COMPLETE

NFT traders on Blur and Creators are eligible for the Season 2 airdrop.

You have 45 days to claim your $BLUR ⏰ pic.twitter.com/HrNtpt2t5z

— Blur (@blur_io) November 21, 2023

The platform, surpassing OpenSea in NFT trading volume, rewarded substantial BLUR token rewards based on users’ NFT trading activities. The largest share of Season 2 rewards went to the Hanwe.eth wallet, receiving 22.85 million BLUR tokens.

Blur’s Season 3 plans to integrate the new Ethereum layer-2 network, Blast, which recently received a $20 million investment. This development is anticipated to bring a new dynamic to the Blur ecosystem, with the community expecting airdrops in May 2024.

2. Floki (FLOKI)

Floki has seen a 279% price hike in the past year, surpassing the performance of 91% of the top 100 crypto assets. This notable price gain has placed it among the best crypto to buy now.

Moreover, the token is consistently traded above the 200-day moving average on Binance, showing high liquidity based on its market cap. Currently, Floki Inu is valued at $ 0.00003187, with a 24-hour trading volume of $ 34.80M. The token has a market cap of $ 302.98M, witnessing a 3.45% intraday increase.

Looking back, Floki Inu hit its peak value on Nov 4, 2021, at $ 0.000342, while its lowest point was on Jul 6, 2021, at $ 0.0000009038. Since its peak, the lowest recorded price was $ 0.00004852 (cycle low), and its highest value after that low was $ 0.00006785 (cycle high). Furthermore, analysis suggests a bullish prediction for Floki Inu’s price, with the Fear & Greed Index at 62. This indicates investor greed for the coin.

🎉 Congratulations on 5 years, #KuCoinFutures!@KuCoinFutures is celebrating in style with #Floki and #Tokenfi's amazing community!

Join KuCoin's $100,000 anniversary campaign and win generous rewards in $FLOKI and $TOKEN.

Details: https://t.co/gzYUFFlSim https://t.co/DXskAUBus4

— FLOKI (@RealFlokiInu) November 21, 2023

Regarding token circulation, 9.51T FLOKI is in circulation out of a maximum supply of 20.00T FLOKI. The yearly supply inflation rate is 4.02%, creating 367.86B FLOKI in the past year. In market cap rankings, it holds the #10 spot in the NFT Tokens sector and #4 in the Meme Coins sector.

3. Uniswap (UNI)

Uniswap (UNI) has exhibited notable pricing and market dynamics movements over the past year. In the last 12 months, the price of UNI has increased by 7%. Trading above its 200-day simple moving average, the token has demonstrated a consistent upward trend in its valuation. Moreover, UNI boasts high liquidity owing to its substantial market capitalization. Plus, it is actively traded on Binance, a prominent cryptocurrency exchange.

One distinctive aspect is the negative yearly inflation rate of -22.83%, signifying a reduction in the token’s circulating supply by 174.02 million UNI over the past year. Despite this, UNI maintains a circulating supply of 588.19 million out of a maximum supply of 1 billion UNI.

They are presently priced at $5.37, with a market capitalization of $3.16 billion and a 24-hour trading volume of $472.89 million. Moreover, UNI holds a market dominance of 0.23%, placing it among the best crypto to buy now. Recent price fluctuations indicate a 5.03% increase in the last 24 hours.

Experts’ opinions and projections suggest a bullish sentiment regarding UNI’s future price movements. Predictions speculate that the token might reach an average price of $9.75 by 2023. However, a more conservative estimation outlines a minimum potential value of $8.45. This is contingent on the crypto market experiencing a major bearish trend during that period.

4/ Flash accounting relies on the upcoming EIP-1153

EIP-1153 lets v4 update & clear data within the same transaction:

✅ Track transfers during a transaction
✅ Update the final balance
✅ Deleting the rest

Users only pay gas for net transfers and not everything in between

— Uniswap Labs 🦄 (@Uniswap) November 21, 2023

Notably, Uniswap currently ranks prominently in various sectors, including DeFi Coins, Exchange Tokens, Yield Farming, and Ethereum (ERC20) Tokens. This indicates UNI’s significance and impact within these segments.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix presents itself as a cloud mining platform aiming to address concerns surrounding third-party cloud mining scams through tokenization. The primary objective is to facilitate secure and transparent Bitcoin (BTC) mining in a decentralized manner.

Currently, the project boasts over 400,000 locked BTCMTX tokens in staking. Moreover, an annual percentage yield (APY) of 103,225% is subject to decline with increased token staking.

Regarding token allocation, 42.5% of BTCMTX tokens fund mining operations, while 35% is allocated for marketing and growth purposes. An additional 15% is set aside for community rewards, recognizing active engagement. Plus, 7.5% is kept for BTCMTX staking rewards until the cloud mining platform is developed.

#BitcoinMinetrix imagines a renewed cloud mining landscape that merges ownership and cloud mining.

Through transparency, independence, and safety, #BitcoinMinetrix aims to lead tokenized cloud mining, providing a reliable $BTC mining path for everyone. 🌐⚒️ pic.twitter.com/SOETy3de0a

— Bitcoinminetrix (@bitcoinminetrix) November 21, 2023

The project has gained traction through its ongoing presale, raising over $4,255,317 by offering BTCMTX tokens at $0.011 each. During this phase, 70% of the total token supply (2.8 billion BTCMTX) is available and purchaseable with Ethereum (ETH) or Tether (USDT). Notably, the minimum investment is $10, ensuring accessibility for a broad investor base.

5. Lido DAO (LDO)

Lido DAO Token has exhibited notable price movement over the past year, experiencing a significant 131% increase in its price. It has notably outperformed 78% of the top 100 crypto assets within the same timeframe. Trading consistently above the 200-day simple moving average indicates a sustained positive trend.

In recent performance, the token has seen 16 green days out of the last 30, accounting for approximately 53% of the observed period. Additionally, its high liquidity, as indicated by its market cap, substantiates its position.

Trading on Binance, Lido DAO Token is currently priced at $2.44 with a 24-hour trading volume of $260.21 million and a market cap of $2.17 billion, claiming a market dominance of 0.16%. The recent 3.56% increase within 24 hours reflects ongoing market activity and interest.

Considering current market sentiment, the Lido DAO Token has a prevailing bullish outlook. The Fear & Greed Index registers 62, indicating a moderate level of greed within the market.