Join Our Telegram channel to stay up to date on breaking news coverage
The cryptocurrency market is seeing strong upward momentum, with significant altcoins gaining as Bitcoin’s dominance declines. Among the standout sectors is the AI-focused token category, where tokens like FET and RENDER have experienced significant surges following recent breakouts. Another notable performer is Bittensor (TAO), which has risen over 10% in the past 24 hours and is priced at $626.
Several other altcoins have also recorded substantial price increases recently, reflecting growing market activity and interest. Given these trends, investors are exploring best crypto to buy now based on recent performance and momentum.
Best Crypto to Buy Now
The Qtum token is currently priced at $3.74, reflecting a daily increase of 2.32%. Over the past week, it has gained 10.07%, and its value has surged by 57.47% in the last month. Meanwhile, Crypto All-Stars is drawing significant attention as it nears its initial coin offering (ICO) and market debut. Bittensor (TAO) has also seen impressive growth, climbing over 9% to reach $626. Its market capitalization now stands at $4.6 billion, highlighting its substantial market presence.
1. Qtum (QTUM)
Qtum is a decentralized blockchain platform that blends features from Bitcoin and Ethereum. It uses Bitcoin’s UTXO model for secure transaction tracking and integrates Ethereum’s smart contract capabilities through the Ethereum Virtual Machine (EVM). Unlike Bitcoin’s energy-intensive proof-of-work, Qtum employs proof-of-stake consensus, which is more energy-efficient and faster.
Furthermore, the project supports various token standards, including QRC-20, its version of Ethereum’s ERC-20, and qBRC-20, adapted from Bitcoin’s BRC-20 standard. It also offers support for NFTs, giving developers more flexibility and functionality compared to using Bitcoin or Ethereum alone.
The Qtum token is currently valued at $3.74, showing a daily increase of 2.32%. Over the past week, it has gained 10.07%, and its value has risen by 57.47% over the past month. The price remains above its 200-day simple moving average (SMA) of $2.76 by 35.04%. This metric often signals long-term strength.
The #Qtum Testnet explorer is back online after being upgraded to Qtum version 27.1https://t.co/olWYHyBMFk#Blockchain #cryptocurrency
— Qtum (@qtum) November 26, 2024
Market activity shows 15 positive trading days in the past month, indicating decent consistency. Its high liquidity reflects active trading relative to its market cap. Sentiment around Qtum remains optimistic.
Analysts predict its price may rise by 13.51% to $4.15 within the next month. The 14-day Relative Strength Index (RSI) sits at 67.07, suggesting the token is neutral and may continue trading without significant volatility in the short term.
2. Bittensor (TAO)
Bittensor (TAO) has grown notably, rising over 9% to $626. The project’s market capitalization now stands at $4.6 billion. This price movement follows a breakout from a descending channel pattern around the $538 mark, a signal that the downward trend may be reversing.
Technical indicators support this upward trajectory. The Relative Strength Index (RSI), at 56.85, suggests growing bullish momentum while avoiding the overbought zone, which indicates the price is not overly inflated. Additionally, the cryptocurrency is trading well above its 200-day Simple Moving Average (SMA) of $122.07, specifically 413.01% higher. Trading above this long-term average often signals strong market sentiment.
The Fear & Greed Index, currently at 78, reflects extreme greed among investors, typically a sign of high market confidence. TAO has also shown consistent performance, with 15 green days in the past month, suggesting steady demand.
Market sentiment remains bullish, with predictions forecasting a potential price increase of 229.56%, potentially reaching $1,957.66. These projections, while optimistic, depend on continued market conditions and investor interest. The cryptocurrency’s boasts high liquidity relative to its market cap.
3. Crypto All-Stars (STARS)
Crypto All-Stars is generating significant interest as it approaches its initial coin offering (ICO) and subsequent market debut. The project has raised over $6.8 million during its presale, which suggests strong investor interest. The token price started at $0.00138 and has gradually increased through phases, currently priced at $0.0016384.
The project features an innovative staking platform called MemeVault. This ecosystem focuses on meme coins, allowing users to stake their favorite tokens and earn rewards in STARS, the native token of Crypto All-Stars.
At launch, MemeVault will support 11 popular meme coins, including Dogecoin, Shiba Inu, and Pepe Coin, with plans to add more in the future. Moreover, the platform offers an annual percentage yield (APY) of up to 300%, which is notably high but comes with risks common to high-yield staking projects.
The project’s timeline indicates the presale will conclude on 20 December, with the token expected to appear on exchanges shortly afterward. Community discussions on platforms like Telegram highlight interest in the STARS token’s liquidity allocation strategy to enable smooth trading once listed.
Visit Crypto All-Stars Presale
4. MultiversX (EGLD)
MultiversX is a blockchain platform focused on providing scalable, secure, and efficient decentralized applications. The EGLD token is the native cryptocurrency of the MultiversX network. Over the past 24 hours, the EGLD token price has increased by 7.41%, trading at $40.46 with a 24-hour trading volume of $92.36 million.
The project’s current market capitalization is $960.76 million, making it the 40th largest layer-1 blockchain by market cap. Furthermore, the token records 7-day gains of 34.16% and a 65.62% surge in the past 30 days.
New AI-driven economy on MultiversX.@_AI_Nexus fuses web3 gaming and generative AI to allow players and businesses to engage, create, own, exchange and explore.
Last days to complete identity verification for xLaunchpad ⌛️ https://t.co/RMqSwgy8YS
— Multiversᕽ (@MultiversX) November 29, 2024
Meanwhile, the current market sentiment surrounding the EGLD token is bullish, with the Fear & Greed Index at 77, indicating extreme greed. Over the last 30 days, the EGLD token has had 18 green days. The token currently trades 26.16% above its 200-day simple moving average of $32.09, suggesting a positive long-term trend.
5. ZetaChain (ZETA)
ZetaChain enhances connectivity across various blockchain networks and layers. Its primary focus is interoperability, allowing the transfer of value and messages across different chains. This system also supports omnichain smart contracts, enabling developers to create applications that operate seamlessly on multiple networks.
The ZetaChain token, ZETA, is valued at $0.794871. Its 24-hour trading volume is $170.60 million, and its market capitalization is $211.02 million. The token’s price has seen a slight 0.34% increase in the past day.
Moreover, the sentiment surrounding ZetaChain is positive, with the Fear & Greed Index indicating “Extreme Greed” at a high score of 77. This index reflects market confidence, suggesting investors are optimistic about the token’s future. Additionally, the token has a strong 24-hour volume-to-market cap ratio of 0.8137, which indicates good liquidity.
According to Coincodex, price predictions suggest that ZETA could range between $0.786023 and $2.69 at the end of the month. If the token reaches the upper end of this range, it would represent a potential increase of 237.87% for those who invest at its current price. Furthermore, forecasts project the token’s value between $2.63 and $2.76 by December. This could imply a potential return of 246.59% for long-term investors.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
