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Investors search for the best crypto to buy now, prompting InsideBitcoins to compile a list of recommended options for investors regularly.
Investors search the cryptocurrency market for tokens with high investment potential. Insidebitcoins curates a daily list of top-performing tokens with promising prospects. This article identifies the best cryptocurrencies worth considering for investment, providing valuable insights into noteworthy assets, emerging trends, and key factors to consider when determining your investment strategy.
Top Cryptocurrencies to Invest in Now
EOS has garnered attention in the crypto sphere with the launch of EOS Wrapped RAM (WRAM). Meanwhile, 99BTC has attracted substantial investor interest, accumulating over $798,830.94 in funding. Over the last month, WIF has experienced a notable surge of almost 34%, including a significant 36% increase within the past week alone.
1. EOS (EOS)
Since its inception, EOS has garnered significant attention within the crypto community due to its robust fundamentals and dedicated user base. The platform has recently made waves in the crypto market with the introduction of EOS Wrapped RAM (WRAM).
This groundbreaking innovation is set to revolutionize the tradability of EOS RAM, an asset that has often been overlooked but is crucial within the blockchain ecosystem. This innovation is a significant leap in tokenizing Random Access Memory (RAM) at the system level. It empowers users with greater accessibility, flexibility, and control across the EOS Network and beyond.
WRAM allows trading RAM resources on major exchanges, enhancing market visibility through platforms like CoinMarketCap and CoinGecko. Moreover, it expands the horizons of blockchain resource management. This development coincides with EOS’s market performance. Its current value is $0.8639, reflecting a modest intraday surge of 0.19%.
Earlier this week the ENF announced that $WRAM had been launched on the #EOS mainnet, brining further utility to this critical network resource 💾
Read the full announcement for more information on what this means for $EOS 👇https://t.co/GDt2hODrMV
— EOS Network Foundation (@EOSNetworkFDN) April 17, 2024
Furthermore, trading above the 200-day simple moving average indicates stability and potential for further growth. This is bolstered by its high liquidity based on market cap. Analysts project that if EOS announces collaborations with other networks, the coin’s price could surpass $3.52 by 2024. In a bullish crypto market scenario, the average price of EOS is anticipated to reach around $3.19 by the same year.
2. dogwifhat (WIF)
dogwifhat (WIF) has been catching investors’ attention lately. Over the past month, WIF has surged impressively by nearly 34%, with a substantial 36% increase in just the past week. This upward trajectory suggests a bullish trend, even as the broader market struggles.
Currently holding the position of the third most valuable meme coin, WIF faced stiff competition PEPE, briefly losing its position before reclaiming it. The close market caps between these two rivals indicate an ongoing battle for meme coin supremacy.
Moreover, with a 20.90% increase in the last 7 days, WIF outperforms the global cryptocurrency market by up to 2.20% and similar meme cryptocurrencies by about 10.70%. The token has traded for 15 green days in the last 30 days, demonstrating strong momentum backed by high liquidity based on its market cap.
Several factors contribute to WIF’s resilience and growth. Analysts predict a further 20.30% price climb in the next five days, potentially reaching $3.97. This follows impressive gains of 854.96% in the last quarter and a staggering 70,561.90% year-over-year.
3. KuCoin Token (KCS)
Today, the price of KuCoin Token is $9.90, witnessing a 4.33% decrease in the past 24 hours. However, the token has experienced a 19.44% surge over the last week. With a circulating supply of 96 million KCS, the market capitalization of KuCoin Token totals $950,096,075.
The sentiment surrounding KuCoin Token’s price prediction is currently bearish, contrasting with a Fear & Greed Index indicating a level of 72, suggesting investor greed. Furthermore, KCS is trading 4.13% higher than its 200-day Simple Moving Average (SMA) of $9.50, indicating a positive trend.
Its 14-day Relative Strength Index (RSI) at 55.68 suggests a neutral stance, potentially leading to sideways movement in the near term. Over the last 30 days, KCS has demonstrated positive price action on 17 occasions, representing a 57% positive performance compared to its token sale price.
Today is the day for our #KuCoinFiresideChat featuring the team from @OntologyNetwork. Don't miss your chance to win a piece of the $1000 in $ONT giveaway! 🎁
Details on how to participate below! 😉 https://t.co/FjX62u9p7d
— KuCoin (@kucoincom) April 25, 2024
This performance underscores the token’s resilience and potential for future growth. KuCoin Token’s recent price movements indicate volatility, with short-term declines countered by significant gains over the past week.
4. 99Bitcoins (99BTC)
99Bitcoins has rolled out an ambitious plan centered on crypto education, introducing the 99Bitcoins Token to fuel its ecosystem. As their whitepaper outlines, this token is a gateway to premium courses, trading signals, and community channels. The “Learn-to-Earn” presale has generated significant investor interest, amassing over $798,830.94 in funds.
🌟 Exciting Update in #Staking! 🌟
We've now reached an astounding 463,000,000 $99BTC staked! 🚀 #99BTC is well on the way to hitting 500 Million very soon 👀 🎉
Explore the possibilities today: 👉 https://t.co/9aJ5rE5LY3#99Bitcoins #Crypto #Bitcoin pic.twitter.com/K0m8J8X6aC
— 99Bitcoins (@99BitcoinsHQ) April 25, 2024
The platform’s ongoing airdrop initiative also promises participants a chance to receive $99,000 worth of BTC. Notably, 99Bitcoins is leading the charge in integrating with BRC-20, a novel token standard designed to enable the development of decentralized applications (dApps) and digital assets on the Bitcoin network.
This integration capitalizes on Bitcoin’s robust security features while exploring new avenues for application development. Priced at $0.00102 per token, 99BTC presents an accessible entry point for those keen on participating in a crypto education project with incentivized learning.
The project boasts a substantial staked amount, currently at 463,000,000 99BTC, and is swiftly approaching the 500 million mark. Investors have a limited four-day window before the next price increase.
5. Hedera (HBAR)
Hedera surged over 88% yesterday following an announcement from custodian Archax about a collaboration with the HBAR Foundation. This collaboration aimed to facilitate the tokenization of shares in the BlackRock ICS US Treasury Money Market Fund (MMF) on the Hedera Hashgraph platform.
This initiative attracted investors’ attention, with trading activity skyrocketing by 6494.51% within a short period. However, the excitement was short-lived as HBAR’s price plummeted by 30% within the next 24 hours. The decline in HBAR’s value can be attributed to a misunderstanding regarding BlackRock’s involvement in the tokenization project.
Initially, there was a belief that BlackRock endorsed the Hedera platform for tokenizing its funds. A spokesperson from BlackRock’s clarification may have contributed to the subsequent drop in HBAR’s price. The company clarified that it did not endorse the platform for tokenization. This shift in investor perception likely contributed to the decline in HBAR’s value.
🥋 @KarateCombat is redefining the world of combat sports for fans and fighters alike.
Using the power of #web3 to enable unprecedented levels of engagement, interaction, and governance, they are setting a new standard for sports entertainment.
Built on #Hedera. $KARATE pic.twitter.com/dsjjriSlip
— Hedera (@hedera) April 24, 2024
Additionally, the global crypto market witnessed a downturn, with major cryptocurrencies like Bitcoin and Ethereum experiencing declines. This broader market trend may have further negatively impacted HBAR’s price. Despite these setbacks, HBAR demonstrated resilience, with a 39.84% increase in price over the past week.
Moreover, reflecting on the previous year, HBAR showcased substantial growth, soaring by 91.79%. The token trades above the 200-day simple moving average, indicating positive performance compared to its token sale price. These fluctuations in price highlight both the volatility and long-term growth potential of the Hedera project. Investors should carefully consider these factors when evaluating their investment strategies in the cryptocurrency market.
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