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Last week, accelerated sales in U.S. markets caused a sharp sell-off in altcoins. Despite this, Bitcoin (BTC) held steady at around $54,000, creating a slight market recovery for some altcoins. Investors are now seeking the best crypto to buy now, hoping to capitalize on these minor rebounds.
Best Crypto to Buy Now
Crypto All-Stars attracted significant attention by raising over $1.25 million during its initial coin offering (ICO). Meanwhile, VeChain recently partnered with UFC to grow its VeBetter ecosystem and promote sustainability. Also, Polkadot has demonstrated resilience, showing positive performance relative to its original sale price.
1. Polkadot (DOT)
Polkadot is known for its role in blockchain interoperability, addressing one of the biggest challenges in the crypto space—enabling different blockchains to communicate. This design makes Polkadot highly scalable and attractive to projects needing cross-chain functionality.
As the demand for communication across blockchains grows, Polkadot’s capacity to enable seamless network interaction positions it well for future growth. With blockchains becoming more specialized, the need for platforms like Polkadot, which can connect them, is expected to increase.
A recent development in Polkadot’s ecosystem is the $2.5 million seed funding secured by Hyperbridge. Hyperbridge aims to enhance how blockchains communicate by building on Polkadot’s infrastructure. A parachain slot in the network seeks to provide a secure method for blockchains to work together, setting a new standard for decentralized finance (DeFi) and other blockchain applications.
Telenova, the self-custodial Polkadot wallet inside Telegram, now supports 30 more tokens!
These tokens can be sent to any Telegram username or blockchain address! No need for an existing Telenova or Polkadot account to receive the tokens 📲
Get the details ⤵️ https://t.co/ualgMoU8O8
— Polkadot (@Polkadot) September 11, 2024
Currently, Polkadot is trading at $4.45, with solid support near $3.75. The coin has shown resilience, performing positively compared to its token sale price. Over the past 30 days, DOT had 16 green days, representing a 53% positive movement.
Furthermore, it has maintained high liquidity based on its market cap and is actively traded on major exchanges, including Binance. Meanwhile, Polkadot’s strengths lie in its ability to offer a scalable, interconnected environment that simplifies communication between blockchains, an important factor driving its adoption across various blockchain-based projects.
2. Crypto All-Stars (STARS)
Crypto All-Stars has garnered attention after raising over $1.25 million in its initial coin offering (ICO). While its memetic value and retro 8-bit aesthetic appeal to a certain audience, its primary draw stems from its upcoming multi-token staking protocol. This development can potentially set it apart within the meme coin sector.
The “MemeVault” staking protocol is a key feature of the platform. It allows users to stake various popular meme coins and earn STARS tokens in return. By adding this utility, the project aims to provide more than just speculative value for meme coin holders, offering investors a way to actively generate rewards.
Furthermore, STARS promises competitive staking rewards, which could contribute to sustained investor interest in a market already known for volatility. The team appears to focus on catering to meme coin investors, giving them a platform to interact with their preferred assets while potentially benefiting from additional profits.
To strengthen its credibility, Crypto All-Stars underwent audits by SolidProof and Coinsult. These independent assessments lend credibility to the platform, addressing potential concerns about security and reliability. These audits may help foster trust among current and prospective investors for a project in a niche space like meme coins.
Visit Crypto All-Stars Presale
3. Chiliz (CHZ)
Chiliz is the digital currency developed by a FinTech company based in Malta that focuses on the sports and entertainment sector. It powers the Socios.com platform, which uses blockchain technology to let fans engage in the decision-making process of their favourite sports teams through fan tokens.
This system allows sports clubs and organizations to build closer relationships with their fan base while generating additional revenue streams. Recently, CHZ has shown signs of upward momentum. The confirmation of a support level at $0.044 suggests that it could soon reach a target price of $0.096.
Analysts believe that Chiliz may present medium—to long-term buying opportunities, especially if Bitcoin (BTC) remains stable and favourable market conditions. Currently, the token is trading at $0.05385, with a daily increase of 1.63%. Over the past week, CHZ has grown by 11.13% and had 16 positive trading days in the last month. This consistency demonstrates the token’s resilience in the current market environment.
ANY crypto on ANY chain to Chiliz on Chiliz Chain
Now available using @OnrampMoney's SWAP ✅ https://t.co/RuXXpj4IXG
— Chiliz – The Sports Blockchain ⚽🏆 (@Chiliz) September 10, 2024
Furthermore, Chiliz’s strong liquidity, supported by its market cap, is another positive factor. If the broader market continues to follow a bullish trend, CHZ could see further price gains. However, its performance remains closely tied to the overall crypto market, particularly the movement of larger assets like Bitcoin.
4. NEAR Protocol (NEAR)
Recently, AI-related tokens experienced modest growth, coinciding with Nvidia’s stock price rise. AI-focused cryptocurrencies, in particular, saw a 0.3% increase within the past 24 hours. According to CoinGecko, the total market cap for AI tokens is currently around $24 billion.
Among these assets, NEAR recorded a 0.22% increase in value over the last day and is trading at $4.27 at the time of writing. NEAR is a layer-one blockchain that positions itself as a community-managed cloud computing platform. It aims to resolve issues that have hindered competing blockchains, such as slow transaction speeds, low throughput, and limited interoperability.
This makes NEAR an appealing platform for developing and deploying decentralized applications, offering a more user-friendly and developer-friendly environment. The NEAR Protocol utilizes Nightshade’s scaling technology to enhance efficiency and scalability.
Furthermore, Nightshade’s sharding system divides the blockchain’s data into smaller parts, improving transaction processing without compromising security. In essence, NEAR operates as a distributed network, comparable to centralized cloud systems but decentralized. This design promotes both security and efficiency.
Meanwhile, NEAR Protocol currently trades 168.36% above its 200-day simple moving average (SMA) of $1.60, suggesting strong bullish momentum. Its liquidity is relatively high, as indicated by its 0.0804 volume-to-market cap ratio. The project’s market cap is $4.82 billion, with a 24-hour trading volume of $387.52 million.
The 14-day RSI for NEAR is 40.43, showing that the asset is currently in neutral territory. This suggests a period of consolidation with no clear direction, indicating it may trade sideways in the near term. According to CoinCodex, the price of NEAR Protocol is predicted to reach $14.35 by October.
5. VeChain (VET)
VeChain has partnered with UFC to expand the VeBetter ecosystem and promote sustainability. This collaboration aligns with VeChain’s mission of achieving long-term sustainability through decentralized technology.
The VeBetter ecosystem, developed with support from the Boston Consulting Group (BCG), seeks to incentivize sustainable behavior. It does this through decentralized applications (dApps) that reward users with B3TR tokens. These tokens encourage users to engage in environmentally friendly actions. The UFC collaboration emphasizes VeChain’s potential to create economic value while providing the technological base for a circular economy.
In addition to its technological features, the ecosystem offers transparent tools to help businesses achieve the United Nations (UN) Sustainable Development Goals (SDGs). With UFC’s global reach, the partnership could introduce VeChain to a broader audience of over 900 million people.
It's official: We're excited to announce the upgrade to our global partnership with the @ufc, as we join forces to grow the VeBetter ecosystem.
Powered by incentive-based applications, VeBetter uses tokenization technology to turn real-world actions into value.
Our partnership… pic.twitter.com/QOgfb3q04E
— VeChain (@vechainofficial) September 13, 2024
On the market front, the announcement has sparked a slight rise in the value of VET, which climbed by 1.99%, reaching $0.02272. However, despite this uptick, VET continues to face resistance and struggles to break out of its bearish pattern. The cryptocurrency remains below the $0.023 threshold.
Technically, the 14-day Relative Strength Index is 44.32, signaling a neutral trend. This suggests that VET may continue trading sideways in the short term. In addition, the UFC partnership strengthens VeChain’s sustainability goals while raising its global profile. This places VET among the best crypto to buy now.
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