Best Crypto to Buy Right Now May 7 – Tellor, Jupiter, Jito 

Cryptocurrency traders are constantly searching for the most promising coins to invest in. In this article, we highlight several cryptocurrencies with high buyer potential.

Cryptocurrency adoption is witnessing increased adoption, with Ethereum aiming to add updates to its crypto wallet usage and Bitcoin ETFs recording another day of inflows. Even though the overall crypto market cap saw a slight intraday dip, trading volume has seen an uptick, reinforcing investor confidence. Other market participants are riding this wave, searching for the best crypto to buy now. This article seeks to simplify this search, offering a curated list of such digital assets.

Best Crypto to Buy Right Now

Over the last six months, Render has seen remarkable growth, with its price soaring by 345%. Recently, Jupiter unveiled an integration with Clone, allowing users to trade non-native assets on the Solana Blockchain. According to recent data, TRB has surged by over 22% in the past 24 hours, reaching approximately $110.79.

1. Render (RNDR)

Render has experienced significant growth, with its price surging by 345% over the past six months. The token increased 31.68% in the past week, indicating a strong upward trend. Currently, it is trading between $7.84 and $10.96, with key resistance anticipated at $12.04 and support at $5.80. 

The Relative Strength Index (RSI) is 61.34, highlighting robust buying momentum. If this trend persists, RNDR may attempt to breach the resistance level and continue its ascent. As of today, Render is priced at $1059, boasting an intraday increase of 5.81%.

Market sentiment for Render Token remains bullish, as evidenced by a Fear & Greed Index reading of 68 (Greed). Within the Ethereum (ERC20) Tokens sector, RNDR holds the 9th rank and is placed 1st in the AI Crypto sector. Over the past year, Render Token has seen an impressive price surge of 455%, outperforming 88% of the top 100 crypto assets, including Bitcoin and Ethereum. 

The token trades above its 200-day simple moving average and has exhibited 15 positive trading days out of the last 30, reflecting 50% green days. Moreover, it is trading near its cycle high and is considered to have high liquidity based on its market cap.

According to analysts, Render is poised to sustain its momentum and potentially reach new all-time highs due to strategic expansions and integrations. Predictions are optimistic, with expectations of continued growth driven by smart market strategies, expanding ecosystem utilities, and growing investor interest in Render’s innovative projects.

2. Jupiter (JUP)

Jupiter recently announced an integration with Clone to enable users to trade non-native assets on the Solana Blockchain. Tokens such as DOGE, ARB, and OP can be effortlessly traded with minimal fees without bridging these assets.

Through Jupiter, users can seamlessly swap between any token and clAsset, enhancing flexibility and accessibility within the platform. This integration simplifies exchanging various assets, making it more convenient and cost-effective for Jupiter users.

Jupiter specializes in providing crucial liquidity infrastructure for the Solana ecosystem. The token has seen a significant rise in its price amid a bullish market for altcoins. Over the past week, it has experienced a 22.45% increase, bringing its market capitalization to $1.53 billion. This surge in value has positioned JUP’s price at $1.139551, with a trading volume of $272.67 million over the last 24 hours.

.@CloneProtocol has been integrated into Jupiter Routing.

This allows you to trade assets that aren't native on Solana, such as DOGE, ARB, and OP, seamlessly with low fees and without needing to bridge.

With Jupiter, you can now swap into any clAsset from any token easily. pic.twitter.com/JHgtvNw7o6

— Jupiter 🪐 (@JupiterExchange) May 6, 2024

Moreover, the JUP token’s price has risen to 34,205.23% above its 200-day Simple Moving Average (SMA). This considerable increase reflects the heightened interest and trading activity surrounding Jupiter. Investor sentiment towards Jupiter remains optimistic, as evidenced by a Fear & Greed Index reading of 68, indicating a state of greed within the market. 

This sentiment aligns with a bullish price prediction for Jupiter, expecting the token’s value to reach $1.80 and even $2 if the current upward trend continues. Furthermore, the key challenge for Jupiter lies in surpassing a critical resistance level. If the ongoing uptrend can break through this resistance, it may pave the way for further price appreciation. 

3. 99Bitcoin (99BTC)

99Bitcoin has introduced its native token, 99BTC, alongside plans for a significant airdrop event. The platform has been serving as an educational hub for Bitcoin and altcoin enthusiasts for over a decade and has now ventured into offering its cryptocurrency.

Our $99,999 $BTC #Airdrop is heating up, and the clock is ticking! ⏰

Ensure you've crossed off all the steps to boost your chances of being one of the 99 lucky winners! 🔥

Get started now! 👉 https://t.co/ZXji0s6ACe#99Bitcoins #Tether #Coinbase pic.twitter.com/cHRJ95Tpa3

— 99Bitcoins (@99BitcoinsHQ) May 7, 2024

This initiative includes an airdrop of $99,999 worth of Bitcoin to community members, designed to commemorate the launch of the 99BTC token. The distribution will benefit 99 individuals selected from participants who fulfill specific entry requirements.

The airdrop event is set to take place on July 19th of this year, allowing interested individuals 76 days from the current date to qualify for entry. The process involves completing a series of tasks outlined by 99Bitcoins, and each completed task increases the likelihood of being among the fortunate 99 recipients.

The announcement follows a successful presale campaign, which raised over $1 million for the 99BTC token in just four weeks. The token has gained traction through extensive promotion across various prominent crypto media outlets.

Visit 99Bitcoin Presale

4. Tellor (TRB)

Tellor is a decentralized oracle network that delivers external data to blockchain-based applications, specifically those in decentralized finance (DeFi). Its purpose is to securely bring off-chain information onto the blockchain, enabling smart contracts to access real-world data.

Recently, Tellor has seen notable growth potential due to its unique technology and increasing adoption within DeFi projects. Investors view TRB as an attractive investment opportunity.

As of the latest data, TRB has surged over 22%, reaching approximately $110.79 in the past 24 hours. Additionally, Tellor’s Total Value Locked (TVL) exceeded $5 million on May 3, 2024. The current market cap of Tellor Crypto is around $284,668,810, with trading volume declining by 4.64%.

This recent rise in Tellor’s value coincides with increased activity in large-scale cryptocurrency transactions involving TRB. Santiment noted a surge in active addresses and significant transactions, with active addresses rising from 131 on May 1 to 212 on May 6. Transactions over $100,000 grew, with 16 active addresses engaged in substantial investments.

The market behavior indicates strong investor interest in TRB, likely driven by its perceived profitability and solid market dynamics. This trend reflects the growing importance of decentralized oracle networks like Tellor in supporting the expanding DeFi ecosystem.

5. Jito (JTO)

Jito emerged as the leading decentralized finance (DeFi) protocol on the Solana network last week, with a total volume locked (TVL) reaching $1.04 billion, as reported by DappRadar. This significant growth sparked a notable surge in the Jito token price, which rose by 8.5% intraday. 

The token is currently trading at $3.75, experiencing a 2.89% intraday increase. Market sentiment toward Jito’s price prediction remains bullish, aligned with a Fear & Greed Index score of 68 (Greed).

Moreover, Jito is said to be working on creating the “Eigen Layer of Solana” with the goal of achieving the same success and excitement that the Eigen project’s layer solutions have generated. If Jito’s team can successfully execute this vision, similar levels of excitement and attention could be anticipated for Jito. 

Jito just passed 10M $SOL staked and is now the top spot on @solana by TVL.

Shout out to our community and all the other teams that stuck around through the bear. We see you.

accelerate 🤝 pic.twitter.com/OXqavMIVvl

— Jito (@jito_sol) May 2, 2024

However, the restaking concept hasn’t gained significant traction yet, and a recent unsuccessful airdrop has not contributed positively to its short-term performance. Over the last 30 days, Jito’s token has seen 15 days of positive price movement, indicating strong momentum and interest. Additionally, Jito boasts high liquidity, as evidenced by its market capitalization.

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