Best Crypto to Buy Now November 29 - Avalanche, Synthetix, Kaspa

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

In the past 24 hours, the overall cryptocurrency market volume surged to $278.86 billion, marking a significant 13.34% increase. Notably, Bitcoin, the foremost cryptocurrency, now stands at $38,147, demonstrating a 2.98% gain during the same period.

Best Crypto to Buy Now

The observed uptrend in market volume suggests heightened activity across diverse digital assets, potentially influenced by market sentiment, macroeconomic conditions, or specific developments within the cryptocurrency space. Investors and analysts will likely remain vigilant, closely monitoring these metrics to comprehensively understand the current market climate.

1. Avalanche (AVAX)

Avalanche has recently undergone noteworthy price fluctuations. The digital asset’s journey includes a rapid ascent to a peak exceeding $22.3, followed by a substantial decline. Forming a support base around the $17 mark is of particular significance, suggesting the potential for an imminent bullish breakout.

In assessing historical price points, Avalanche peaked on Nov 21, 2021, achieving an all-time high of $146.18. However, it recorded its lowest price on Dec 23, 2020, at an all-time low of $2.79. Post-peak, the lowest observed price was $8.65 (cycle low), while the highest since the last cycle low reached $24.63 (cycle high). Presently, the sentiment in Avalanche’s price prediction is bullish, with a Fear & Greed Index registering 72 (Greed).

Avalanche’s circulating supply stands at 365.11M AVAX out of a maximum supply of 720.00M AVAX. With a current yearly supply inflation rate of 21.42%, 64.42M AVAX were created in the past year. In market cap rankings, Avalanche holds the #6 position in the Proof-of-Stake Coins sector, #1 in the Avalanche Network sector, and #10 in the Layer 1 sector.

Want to learn more about the variety of recent Avalanche Community Proposals (ACPs)?

Tune in to tomorrow's Developer Community Call, where each of the ACPs will be discussed, as well as a deep dive on Cortina 16.

📆 Wed. Nov 29th @ 12pm ET / 5pm UTC

👀 Stream live here on X… pic.twitter.com/zK84C7ixIc

— Avalanche 🔺 (@avax) November 28, 2023

Over the past year, Avalanche has demonstrated a 70% increase in price, outperforming 69% of the top 100 crypto assets. AVAX trades above the 200-day simple moving average, indicating positive performance compared to the token sale price. In the last 30 days, there have been 21 green days, constituting 70% of the period. Given these factors, some may view Avalanche as a candidate for consideration among those seeking the best crypto to buy now.

2. Sei (SEI)

Circle Ventures, associated with stablecoin issuer Circle, has recently invested an undisclosed amount to expand the Layer 1 network Sei. The primary objective of this investment is to seamlessly integrate the USDC stablecoin into Sei, facilitating quick, cost-effective, and global transactions. Furthermore, the investment aims to strengthen digital asset market liquidity for both Sei users and developers, as outlined in a statement from Sei.

⚪️🔴

Announcing that @circle_ventures has invested in Sei, the fastest Layer 1 blockchain to unlock novel use cases for Circle’s USDC in the ecosystem. pic.twitter.com/DpcSfRf2yx

— Sei 🔴💨 (@SeiNetwork) November 15, 2023

Regarding market performance, Sei has displayed positive trends recently, with the daily closing price surpassing the everyday opening price for 20 consecutive days, accounting for 67% of the last 30 days. The coin is trading near its cycle high and maintains robust liquidity based on its market capitalization.

On August 15, 2023, SEI reached an all-time high of $0.537095. While the lowest recorded price is unavailable, the all-time low is $0.00. Following the peak, Sei went through a cycle low at $0.094683 and subsequently reached a cycle high at $0.298851.

3. Meme Kombat (MK)

Meme Kombat is a unique platform that offers users distinctive engagement opportunities through active betting and passive staking. A notable highlight of the presale was the introducing of a staking feature, boasting an impressive Annual Percentage Yield (APY) of 112%. This was strategically implemented to incentivize early participation as a precursor to the official release of the battle feature.

Only a small push till we get our Limited Edition NFTs🌟

Who wants a sneak peak? pic.twitter.com/UHL0cjugIf

— Meme Kombat (@Meme_Kombat) November 28, 2023

The presale successfully amassed $2,242,339.71 out of the targeted $2,500,000.00, indicating significant interest in the project. Of noteworthy mention is the impending price increase scheduled in 1 day, transitioning from the existing price of $0.214 to a new price of $0.225. This pricing strategy may be pivotal in influencing user participation and investment decisions.

Fundamentally, Meme Kombat revolves around meme-based battles, with its inaugural season featuring 11 memes competing for top rankings. The promise of subsequent seasons introducing further innovations underscores the platform’s commitment to sustaining user interest and exploring additional earning avenues.

The presale’s success underscores a growing interest in Meme Kombat, suggesting potential for expansion. The platform’s distinctiveness lies in its fusion of gaming and cryptocurrency, a key factor drawing attention within the broader cryptocurrency landscape.

The MK token’s integral role within the ecosystem hints at its potential growth and relevance, positioning it as an intriguing option within the current cryptocurrency market. In conclusion, Meme Kombat’s innovative integration of gaming and cryptocurrency, coupled with the success of its presale, positions it as the best crypto to buy now.

4. Synthetix (SNX)

Synthetix is presently valued at $3.48, with a 24-hour trading volume of $136.06M and a market cap of $399.22M, holding a market dominance of 0.03%. SNX has seen a 7.44% intraday price increase. It’s worth noting that Synthetix reached its peak value on Feb 14, 2021, hitting an all-time high of $28.63, and its lowest point on Jan 5, 2019, at $0.032478.

The token has shown a significant 107% price surge in the past year, outperforming 77% of the top 100 cryptocurrencies. Currently trading above its 200-day simple moving average, Synthetix indicates positive momentum.

Recent trends suggest a bullish sentiment, with the Fear & Greed Index at 72 (Greed). Synthetix has experienced 18 green days in the last 30 days, constituting 60% of the period. The project’s liquidity, reflected in its market cap, is notably high. With predominant trading on Binance, it ranks 16th in the DeFi Coins sector, 5th in Yield Farming, 35th in Ethereum (ERC20) Tokens, and 7th in the Layer 2 sector.

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— Synthetix ⚔️ (@synthetix_io) November 26, 2023

Boasting a circulating supply of 114.84M SNX out of a maximum supply of 212.42M SNX, Synthetix positions itself as a significant player in the decentralized finance landscape. This overview provides a factual and unbiased analysis of Synthetix’s current standing and recent trends.

5. Kaspa (KAS)

Kaspa is priced at $0.133533, marking a 4.93% increase in the last 24 hours. The trading volume is $91.97M, with a market cap of $2.90B and a 0.20% market dominance. Notable price points include an all-time high of $0.154845 on Nov 19, 2023, and an all-time low of $0.000171 on May 26, 2022.

Following its ATH, the lowest price hit $0.115004 (cycle low), and the highest post-cycle low reached $0.142774 (cycle high). The current sentiment is bullish, reflected in a Fear & Greed Index of 72 (Greed). Kaspa holds the 6th position in the Proof-of-Work Coins sector and 17th in the Layer 1 sector.

Key statistics comprise a circulating supply of 21.72B KAS out of a max supply of 28.70B KAS, resulting in a 48.30% yearly supply inflation rate, generating 7.07B KAS in the last year. In terms of performance, Kaspa has witnessed a substantial 1,388% price increase over the past year, outperforming 98% of the top 100 crypto assets and surpassing Bitcoin and Ethereum.

🎉New Listing! #Kaspa is now on @calebandbrown!
Buy $KAS using a number of fiat currencies ( $AUD, $USD, $GBP, $EUR ) plus swap between $KAS & any other asset they trade!https://t.co/vpOunsrzCv #Australia #L1 #PoW pic.twitter.com/NAsBKuSAaI

— Kaspa (@KaspaCurrency) November 24, 2023

Technically, Kaspa is trading above the 200-day simple moving average. Trading activity reveals 17 green days in the last 30, constituting 57% of the observed period. The coin boasts high liquidity, evidenced by its market cap, and actively trades on the KuCoin platform. This analysis offers a clear and objective overview of Kaspa’s recent performance without adopting a promotional tone.