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Over the past week, market sentiment has shifted due to several events and indicators, influencing price trends and opening up opportunities for market participants. Meanwhile, Bitcoin has surged past $61,000, with several altcoins also experiencing notable gains. T
okens like Bittensor, Aptos, and Injective have seen significant upward movement in the current market. As investors seek out promising tokens, InsideBitcoins analyzes the best crypto to buy right now, offering insights into their features and market potential.
Best Crypto to Buy Right Now
Tether has expanded its USDT stablecoin by integrating with the Aptos blockchain, aiming to lower transaction costs while improving digital currency accessibility. Meanwhile, Injective has introduced a new approach for developers to rapidly build decentralized financial applications using plug-and-play modules. In addition, TAO is showing resilience on its price charts, establishing a solid support level at $250 and now moving towards its next target of $426, supported by strong trading volume.
1. The Meme Games (MGMES)
The Meme Games is a meme coin project connected to the 2024 Paris Olympics. Currently, the token is valued at $0.0093 each, raising $376,000 at press time. The presale aims to reach a target of $1 million in the coming days.
Investors can participate in the presale by purchasing MGMES tokens directly through the project’s website, using Ethereum or BNB Chain wallets. Of the total supply of 2.024 billion tokens, 38% has been allocated for the presale, providing early investors with a considerable portion of the available tokens.
The competition design of The Meme Games ensures that each character has an equal chance of winning. This structure introduces fairness and unpredictability, which could attract participants seeking a more balanced gaming experience. Additionally, the project offers a 25% bonus on MGMES tokens if the meme athlete backed by the participant wins.
https://twitter.com/MemeGames2024/status/1825095334290178173
Multiple purchases and the option to support different characters can increase the chances of receiving this bonus. Furthermore, the project features a staking mechanism, promising an annual return of 537%. However, this rate is subject to change based on the level of participation.
Staking allows investors to potentially grow their holdings before the token becomes available on exchanges, which is scheduled for September 10. The presale concludes on September 8, coinciding with the closing ceremony of the Paralympics. This timing may allow investors to acquire MGMES tokens before they become accessible on the open market.
2. Aptos (APT)
Tether has expanded its USDT stablecoin by integrating it with the Aptos blockchain. This move aims to lower transaction costs and improve the accessibility of digital currencies. Moreover, Tether plans to capitalize on the blockchain’s ability by launching USDT on Aptos, aiming to offer extremely low gas fees.
This development could make transactions more economically possible for various use cases. Furthermore, the Aptos blockchain has grown significantly, with average daily active users increasing from 96,000 in January to 170,000 in July. Meanwhile, the platform processed a record 157 million transactions daily in May.
Regarding market performance, the APT token is trading at $6.04, reflecting a 1.72% increase over the past 24 hours. The token’s 14-day RSI indicates that APT is neutral and may trade sideways. The token also shows high liquidity relative to its market cap.
gm 🫳$USDt is on Aptos. pic.twitter.com/Vqs596WTZF
— Aptos (@Aptos) August 20, 2024
According to CoinCodex, the price of Aptos is expected to rise by 227.73%, potentially reaching $20.07 by September. This suggests significant growth potential, though it’s essential to consider market conditions and other factors that could influence this projection.
3. Bittensor (TAO)
Bittensor merges artificial intelligence and blockchain technology to create a decentralized marketplace for machine intelligence services. The TAO token experienced significant bullish momentum in the first quarter of the year, reaching a yearly peak of about $800.
However, this upward trend was short-lived. The token has since faced persistent bearish pressure, erasing all its gains earlier in the year. Nevertheless, TAO is showing resilience on its price charts.
The token has established a solid support level at $250 and is now moving toward its next target of $426, supported by strong trading volume. Bittensor trades at $289.45 at press time, reflecting a 2.01% intraday increase.
It remains significantly above its 200-day Simple Moving Average (SMA) of $122.07. Furthermore, the token boasts high liquidity relative to its market cap. The 14-day Relative Strength Index is 56.85, indicating a neutral stance in the market. This suggests the cryptocurrency may continue to trade sideways in the near term.
4. Cronos (CRO)
Cronos has recently transitioned its zkEVM from the testnet phase to full mainnet operation. This marks a significant milestone in its efforts to enhance Ethereum’s scalability. The testnet phase began in December 2023 and was successful, seeing millions of transactions and interactions from over three million unique addresses.
Furthermore, this strong performance during testing laid a solid foundation for the mainnet launch. One of the standout features of Cronos zkEVM is its integration with Band Protocol. This integration allows for off-chain transaction processing, which improves the network’s scalability.
The launch of Cronos zkEVM on the mainnet also promises to boost Band Protocol’s performance. Users and developers can expect significant improvements soon. This development underscores the growing importance of cross-chain solutions in blockchain, which aim to create faster, more interconnected blockchain networks.
🎉 Cronos zkEVM, the first Layer-2 ZK chain alongside @zksync Era, has officially launched “alpha” mainnet! This marks a monumental step in scaling Ethereum and the broader ZK chain ecosystems, bringing the most advanced DeFi dApps to the masses.
Pioneer Program Mainnet Missions… pic.twitter.com/1nXtaRF5HD
— Cronos (@cronos_chain) August 15, 2024
Meanwhile, this launch coincided with a recent increase in the value of Cronos’ native token. The token trades at $0.08647, experiencing a 0.82% intraday surge. The surge in CRO’s value is a response to the positive developments surrounding the Cronos zkEVM launch.
5. Injective (INJ)
Injective recently introduced a new approach for developers to build decentralized financial applications quickly using plug-and-play modules. This features an exchange module that supports binary options. This module enables the development of various applications, such as prediction markets and betting platforms, catering to the growing decentralized finance sector.
The exchange module’s design prioritizes flexibility and ease of use, making it a developer’s go-to choice. Moreover, Injective’s modular methodology allows straightforward integration of binary options markets into dApps. This approach provides a ready-made solution for creating a wide range of financial products.
These products include prediction markets, asset tokenization for payouts, decentralized insurance platforms, and other financial tools that are challenging to build on traditional networks. At the time of writing, Injective’s native token, INJ, was trading at approximately $18.64, reflecting a 2.97% increase over the past 24 hours.
Injective is built for finance. Finance is built for Injective.
🧩A core offering underpinning Injective's status as the first and only blockchain built for finance is its set of advanced Web3 modules.
This is one of Injective’s key differentiators. Native Web3 modules offer… pic.twitter.com/EjQcsIJOjj
— Injective 🥷 (@injective) August 19, 2024
The token saw a daily trading volume exceeding $80 million and traded above the 200-day simple moving average, signaling positive performance compared to its initial token sale price. With a market cap that supports high liquidity, INJ maintains a strong position in the market.
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