Join Our Telegram channel to stay up to date on breaking news coverage
As cryptocurrencies continue to reshape global financial systems, governments and policymakers are exploring the benefits of adopting Bitcoin as a strategic reserve asset. Polish presidential candidate Sławomir Mentzen openly supported establishing a Bitcoin reserve for Poland. This follows a growing trend among nations recognizing Bitcoin’s potential to serve as a hedge against inflation and as an alternative to fiat currencies.
Mentzen’s stance mirrors strategies seen worldwide, where Bitcoin’s decentralized nature and limited supply position it as a valuable asset in a country’s financial arsenal. With leaders and governments considering such moves, the discussion around adopting Bitcoin gains traction, adding relevance to the ongoing search for the top cryptocurrencies to buy now.
Top Cryptocurrencies to Buy Now
This article examines some of the top tokens to consider for investment. Akash Network has experienced notable growth, with a 19.89% increase in price over the last hour, pushing its value to $3.90. In addition, Polkadot has seen significant growth in user adoption, averaging 1,000 to 2,000 new daily accounts since mid-October. Meanwhile, Quant has demonstrated strong performance, with its price rising nearly 10% in the past 24 hours.
1. Algorand (ALGO)
Algorand is a blockchain network designed to enhance transaction speed, reduce fees, and improve efficiency compared to older networks like Bitcoin. It uses a pure proof-of-stake protocol, eliminating mining and reducing energy consumption. The network supports various dApps and aims to provide a scalable solution for blockchain users.
Recently, Algorand’s total number of addresses grew by 63% quarter-over-quarter, increasing from 0.8 million to 1.3 million. This growth reflects initiatives like partnerships, educational programs in countries such as Nigeria and India, and developer-focused efforts like the Algorand Incubator.
Furthermore, the platform’s total value locked increased by 12% over the past quarter, rising from $173 million to $194 million. This growth was driven by activity on major protocols in its ecosystem. ALGO, the platform’s native token, is currently trading at $0.2151, marking a daily increase of 10.88%.
The Q3 Algorand @MessariCrypto report just dropped.
Key Insights:
📈New addresses on Algorand grew by 63% QoQ, from 0.8 million to 1.3 million, driven by the Coinbase Learning Rewards program.
📈Algorand’s DeFi TVL increased by 12% QoQ, rising from $173 million to $194… pic.twitter.com/1mvS2fiqbS
— Algorand Foundation (@AlgoFoundation) November 14, 2024
Over the past seven days, the token’s price rose by 49.08%, and it has seen a 71.89% increase over the last 30 days. The token trades 16.75% above its 200-day simple moving average of $0.18344. The Fear & Greed Index shows a reading of 83, indicating strong positive market sentiment. ALGO also experienced 15 green trading days in the last 30 days, reflecting high liquidity and consistent activity.
Predictions for November 2024 suggest that ALGO may trade between $0.199794 and $0.231518, with a potential return of 7.70% if current trends continue. By December 2024, its price is expected to range between $0.235153 and $0.332402, offering a possible return of 54.63% based on an average predicted price of $0.280695. In 2025, forecasts suggest a price range of $0.235154 to $0.402236, with an average price of $0.304821 for the year.
2. FreeDum Fighters (DUM)
FreeDum Fighters is a cryptocurrency project that mixes storytelling with political themes. It features characters like “MAGATRON,” inspired by former President Trump. The project’s DUM token is an ERC-20 token on the Ethereum blockchain. As a proof-of-stake (PoS) asset, DUM allows holders to stake their tokens and earn passive income.
This feature may appeal to people seeking rewards without actively trading their tokens. The project offers simple staking rewards to encourage users to hold onto their DUM tokens. Additionally, there are two reward pools based on investors’ choices, adding a level of interactivity to the staking process.
FreeDum Fighters describes itself as community-driven, aiming to gain attention around the upcoming U.S. presidential election. By combining blockchain technology with political themes, it seeks to connect with people interested in cryptocurrency and political issues. FreeDum Fighters raised over $590,000 during its presale, with each token priced at $0.000085.
600k is getting closer!
Let's keep pushing Fighters 🏎️ pic.twitter.com/52XNfh1LBQ
— FreeDum Fighters (@Freedum_Fighter) November 17, 2024
This early fundraising indicates some interest from investors and potential for future growth. As the DUM project develops, its connection to political events may influence participation and engagement. However, its success will depend on how well it maintains user interest and adapts to the changing market.
Visit FreeDum Fighters Presale
3. Akash Network (AKT)
Akash Network (AKT) has seen notable growth, with a 19.89% price increase in the last hour, bringing its value to $3.90. Its market capitalization has reached $968 million, reflecting increased market activity.
This surge follows Binance Futures’ announcement of support for AKT and a technical price breakout, which has contributed to its recent momentum. The token trades 289.69% above its 200-day simple moving average (SMA) of $1.0128, indicating a strong upward trend.
Furthermore, the token’s 14-day Relative Strength Index (RSI) is at 57.04, suggesting neutral market conditions and the potential for sideways price movement in the near term. The Fear & Greed Index shows a reading of 83, pointing to a high level of market optimism.
Over the past 30 days, Akash Network has experienced 18 green trading days, reflecting consistent positive performance. Its 24-hour volume-to-market cap ratio stands at 0.1365, suggesting solid liquidity relative to its market size. While current indicators indicate continued interest in decentralized infrastructure tokens, market conditions and investor sentiment will likely influence its next moves.
4. Polkadot (DOT)
Polkadot Blockchain Academy has announced PBA-X, a new initiative to advance Web3 education. Designed as a four-week, part-time online course, PBA-X targets individuals new to blockchain technology, offering structured knowledge to help them enter the Web3 space. The program begins on January 6 and is accessible to anyone, regardless of prior experience or geographic location.
The course focuses on democratizing access to high-quality blockchain education, potentially addressing gaps in technical understanding for a broader audience. Participants will develop foundational skills for further exploration of blockchain and decentralized technologies.
Meanwhile, Polkadot has recently witnessed significant growth in new user adoption. Starting in mid-October, the platform averaged 1,000 to 2,000 new daily accounts. By November 10, this figure spiked to 5,188 new accounts, reflecting a 150% week-over-week increase. This growth could stem from improved market conditions, increased awareness, or network updates. The network’s ability to attract users suggests heightened interest in its ecosystem.
Polkadot's Decentralized Governance…
It's second to none, and perhaps no one understands its dynamics better than governance gigabrain @alice_und_bob
Hear his Web3 journey, governance philosophy, and ideas for increasing voting participation among DOT holders.
Watch now ⤵️ https://t.co/Bagfe5vUWJ
— Polkadot (@Polkadot) November 17, 2024
Polkadot’s unique focus on interoperability and scalable blockchain solutions continues to draw attention, particularly as Web3 adoption gains momentum globally. Meanwhile, DOT has shown notable price recovery in recent weeks. After a prolonged downturn through the summer, DOT reached its lowest point in late July and early August.
However, the token began to recover in late October, showing an upward trajectory. In early November, DOT’s price surpassed $5, reflecting renewed interest among investors. Currently valued at $5.78, DOT has recorded a 5.06% intraday gain. The recent rally aligns with broader trends in the cryptocurrency market and increased activity within the Polkadot ecosystem.
5. Quant (QNT)
Quant (QNT) has shown strong performance recently, with its price rising nearly 10% in the past 24 hours, pushing its market capitalization above $1 billion. At the time of writing, the price of QNT is around $87, reflecting a 29.14% increase over the past week.
This notable improvement, especially compared to its token sale price, suggests solid growth. The coin also shows good liquidity, with a 24-hour trading volume-to-market-cap ratio of 0.1260, indicating healthy market activity.
Meanwhile, the 14-day Relative Strength Index (RSI) stands at 55.50, which points to a neutral market condition. This suggests that while the coin is not overbought, it may continue to trade sideways. Market sentiment surrounding the QNT token is bullish.
Looking ahead to November, predictions suggest that Quant’s price could fall to $81.02, possibly between $73.93 and $87.57. This could present an opportunity, with a potential gain of 15.72% if investors buy at the current price.
For December, the price of Quant is expected to trade between $78.78 and $90.48. This would represent a slight decrease of about -3.81% compared to the current price. Short-sellers might see a potential profit of around 10.19% if the price moves as expected.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
