{"id":615121,"date":"2025-01-02T15:03:54","date_gmt":"2025-01-02T15:03:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=615121"},"modified":"2025-01-02T15:03:54","modified_gmt":"2025-01-02T15:03:54","slug":"best-crypto-to-buy-right-now-january-2-algorand-fantom-avalanche","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-right-now-january-2-algorand-fantom-avalanche","title":{"rendered":"Best Crypto to Buy Right Now January 2 – Algorand, Fantom, Avalanche"},"content":{"rendered":"

The market capitalization of AI-focused cryptocurrencies has reached $16.8 billion, marking a 22.3% increase in just 24 hours. Nine AI tokens have surpassed $1 billion in market cap, highlighting the growing prominence of this sector. Notably, top-performing tokens have seen triple-digit growth, underscoring a surge in investor interest. <\/span><\/p>\n

Meanwhile, trading activity has also risen sharply, with $2.3 billion in transactions recorded during the same period. This heightened activity reflects increasing confidence in blockchain projects powered by artificial intelligence. As the market expands, investors are showing significant interest in identifying the <\/span>best crypto to buy right now, focusing on assets with strong potential for growth.<\/span><\/p>\n

Best Crypto to Buy Right Now<\/b><\/h2>\n

Fantom experienced a significant price jump recently, trading at $0.8331 after climbing 22.30% within 24 hours. Meanwhile, the Best Wallet Token has garnered over $6 million in its ongoing presale, signaling strong interest from investors. At the same time, Avalanche’s price reached $39.99, marking an 11.75% increase during the same period.<\/span><\/p>\n

1. Fantom (FTM)<\/b><\/h3>\n

Fantom recently saw a notable price increase, exchanging hands at $0.8331, surging 22.30% in 24 hours. Its market capitalization reached $2.33 billion, reflecting a 22.19% rise, with 24-hour trading volume climbing to $596.55 million, up 115.73%. <\/span><\/p>\n

The price is currently above its 200-day simple moving average (SMA) of $0.757978, with an 8.46% premium over this benchmark. This indicates strong market momentum and positive sentiment.<\/span><\/p>\n

Fantom offers high liquidity based on its market cap, making trading easier for investors. Its Relative Strength Index (RSI), a measure of price trends, is at 57.62. This value suggests the cryptocurrency is neutral, with no clear indications of overbought or oversold conditions, implying it may trade sideways soon.<\/span><\/p>\n

\"FTM<\/p>\n

Analysts predict a modest price increase to $0.818247 by February 2025. According to Coincodex, Fantom’s projected trading range is $0.639182 to $2.73, with an average estimated price of $1.319182. Based on current values, this could translate to a potential 219.25% return on investment.<\/span><\/p>\n

In January 2025, Fantom rebranded to Sonic, completing a 1:1 token swap through Binance. This process aimed to maintain user trust and streamline the transition without altering the token’s core value or functionality. The rebranding reflects Fantom’s efforts to stay relevant and appealing in the competitive cryptocurrency market. <\/span><\/p>\n

2. Best Wallet Token (BEST)<\/b><\/h3>\n

The <\/span>Best Wallet Token<\/span><\/a> has recently raised over $6 million in its ongoing presale. This achievement highlights growing interest among investors despite a broader downturn in major cryptocurrencies. Designed for a cross-chain Web3 wallet, the token aims to support decentralized finance (DeFi) users by offering seamless transactions across different blockchain networks.<\/span><\/p>\n