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Insidebitcoins assesses top cryptocurrency picks daily based on current market trends, recent blockchain developments, and emerging narratives to identify promising investment opportunities.
Toncoin is witnessing increased adoption, with the USDT – TON surpassing 200 million. Just the other day, the TON network hit another milestone after hitting a 900% increase in its March TVL value. Moreover, BNB printed greens even in a calm market outlook. News of this development has triggered market participants to look for the best crypto to buy now. Insidebitcoins seeks to facilitate this search by presenting a list of tokens that best fit this description.
Top Cryptocurrencies to Buy Now
Arweave’s recent surge in value is closely linked to the rollout of its new blockchain, Arweave AO, designed to boost efficiency and transaction speeds. This development has sparked interest within the crypto community. Meanwhile, BNB has gained attention after a trader’s optimistic $800 price target forecast, highlighting its potential growth trajectory. Similarly, Kaspa experienced a 7.11% price increase over the past week following the unveiling of its detailed 2024 roadmap, demonstrating positive investor sentiment toward its plans.
1. Arweave (AR)
Arweave is known for its decentralized storage network, which enables indefinite data retention. It powers the permaweb—a decentralized web hosting platform—using its native cryptocurrency, AR, for miners’ compensation. Arweave (AR) has shown interesting dynamics in recent trading periods.
In the past 24 hours, AR experienced an 8.79% decline, settling at $39.06. However, its value has surged impressively by 49.57% over the last month, offering hope to investors. Furthermore, Arweave witnessed a substantial 41.05% increase in its trading volume in the past 24 hours, reaching $148 million.
This surge in trading activity indicates significant interest relative to its market size. The latest data shows that AR is valued at $39.06, reflecting a remarkable 30-day increase of 42.94%. This upward momentum in Arweave’s value can be attributed to the launch of its new blockchain, Arweave AO, which aims to enhance efficiency and transaction speed.
Despite price fluctuations, the token has maintained stability above $30, hinting at the potential for further growth. Moreover, the sentiment around Arweave’s price prediction is currently bullish, as evidenced by a Fear & Greed Index reading of 57 (Greed).
In addition, the token trades above its 200-day simple moving average. The 14-day Relative Strength Index (RSI) for AR is 41.65, indicating a neutral position and potential for upward movement in the near term. Notably, Arweave has recorded 17 green days out of the last 30 (57%), showcasing consistent positive performance.
2. BNB (BNB)
BNB has attracted significant attention recently due to a trader’s bold prediction of an $800 price target. This prediction highlights the token’s potential within the cryptocurrency market. This surge of interest has coincided with on-chain activity within the BNB Chain ecosystem.
Metrics reveal a substantial increase in daily active addresses on the BNB Chain, rising from 1 million at the start of April to 2 million by month-end. Concurrently, daily transactions on the BNB Chain have more than doubled, soaring from around 3 million to over 6 million.
These on-chain activities highlight BNB’s expanding utility and relevance, indicating promising prospects for the token’s value. At press time, BNB is trading at $597.49, reflecting a 1.19% increase over the past 24 hours. Market sentiment is currently bullish, with the Fear & Greed Index at 57 (Greed).
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— BNB Chain (@BNBCHAIN) May 13, 2024
Moreover, BNB is trading significantly above its 200-day Simple Moving Average (SMA) by 39.88%, which is $427.54. Furthermore, BNB has demonstrated positive performance in token sales when measured against USD, BTC, and ETH.
The resilient performance and growth of the token suggest a potentially exciting future within the cryptocurrency industry. With a solid foundation and expanding functionality within the BNB ecosystem, alongside optimistic sentiments among traders driving price predictions to new heights.
3. Sealana (SEAL)
Sealana quickly captured the attention of the cryptocurrency community. Marketed as a humorous project featuring “the chubby seal who’s taken a deep dive into the Solana Sea,” Sealana presents itself as a playful and potentially lucrative investment opportunity.
👋Hey, y'all! 🇺🇸
We heard some of you are having some troubles buying $SEAL ❌ So, to make it easier for some of you lizard skin liberals, we’re making $SEAL #MultiChain allowing ya’ll to buy on #Ethereum! So grab a cold one, sit down and we’ll tell ya’ll how to fill your truck… pic.twitter.com/3dsuUScSbw
— Sealana (@Sealana_Token) May 9, 2024
However, The project depicts Sealana as a funny character who is really into crypto trading but has let go of its youthful appearance because it spends so much time snacking on chips and canned tuna while trading. Therefore, this narrative has resonated with investors, as evidenced by its successful presale, which raised $125,000.
Crypto Gains, a popular cryptocurrency YouTuber with over 130,000 subscribers, has discussed Sealana as a promising meme coin to watch. His support shows that more people are interested in meme coins, even when the overall cryptocurrency market changes significantly.
Furthermore, participants in the ICO receive 6,900 SEAL tokens for every 1 SOL contributed. This approach encourages early adoption and aligns with the increasing interest in meme coins on the Solana network. Sealana’s distinctive concept and integration with Solana have garnered significant community interest and support.
Sealana’s appeal lies in its entertainment value and the prospect of early adoption. However, investors should remain vigilant and assess risk tolerance before committing funds to this or any other meme coin project.
4. Toncoin (TON)
Toncoin has displayed resilience by maintaining a stable price and exhibiting a significant 23.25% increase in value over the past week. This positive movement is supported by a bullish trend, as indicated on the 4-hour chart, where TON has found strong support around $5.64. The buying pressure has successfully propelled the token above the $6.24 resistance level, with the current price resting at $7.28.
On the other hand, the newly introduced USDT – TON stablecoin has rapidly gained traction since its launch, reaching a circulation milestone of $200 million within just under a month. This achievement marks a notable speed of growth within Tether’s USD-pegged stablecoin offerings.
The significant USDT- TON growth reflects market confidence in its stability and utility. As a stablecoin pegged to the US dollar, USDT – TON aims to provide users with a reliable digital asset for transactions and value preservation.
Additionally, Toncoin and the quick acceptance of USDt – TON showcase the changing world of cryptocurrencies, showing that more people want stable and effective digital assets. These trends in blockchain technology highlight how stablecoins are becoming more critical for secure transactions. Investors should stay alert and informed about getting involved in these fast-paced markets.
5. Kaspa (KAS)
Kaspa’s price increased 7.11% over the past week following the unveiling of its 2024 roadmap. This strategic plan details vital milestones, including the launch of a public testnet in May and the forthcoming official release of the KRC 721 protocol in June.
These developments are expected to significantly enhance the Kaspa ecosystem by introducing smart contract functionalities. The recent price surge reflects growing investor confidence in Kaspa’s future prospects. The announcement of the public testnet in May signifies an important step towards demonstrating the platform’s capabilities in a controlled environment before its full deployment.
Furthermore, this testnet will allow developers and users to experiment with the protocol and identify potential issues or improvements. At the time of writing, the Kaspa price was $0.1177, with an intraday decline of 4.72%.
The Prelude has begun…
Golang Kaspad v0.12.17 is out: https://t.co/RB5lO2xAAi
This version includes several wallet changes for adapting transaction composition logic to the dust patch and to #KIP9 (preparing for hashrate migrating to #rust nodes which implement KIP9 on the… pic.twitter.com/1A7lOpvFSr
— Kaspa (@KaspaCurrency) May 13, 2024
However, KAS surged by a 482% price increase over the past year, surpassing 87% of the top 100 crypto assets during this period. This price rise has positioned the token above its 200-day simple moving average, indicating a strong upward trend in its valuation.
In addition, the token has high liquidity, as evidenced by its substantial market capitalization. These metrics suggest that the cryptocurrency has demonstrated impressive growth and market performance.
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