{"id":632392,"date":"2025-03-03T18:48:58","date_gmt":"2025-03-03T18:48:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=632392"},"modified":"2025-03-03T18:48:58","modified_gmt":"2025-03-03T18:48:58","slug":"best-crypto-to-buy-right-now-march-3-ethena-raydium-ethereum-classic","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/press-releases\/best-crypto-to-buy-right-now-march-3-ethena-raydium-ethereum-classic","title":{"rendered":"Best Crypto to Buy Right Now March 3 – Ethena, Raydium, Ethereum Classic"},"content":{"rendered":"

This week, several economic events in the U.S. could influence the cryptocurrency market, with investors closely monitoring key data releases. Market sentiment shifted following President Donald Trump’s executive order to establish a crypto strategic reserve. This signals increased governmental interest in digital assets. Additionally, the upcoming White House Crypto Summit on March 7 could shape the regulatory framework for digital currencies.  <\/span><\/p>\n

Amid these developments, the total crypto market volume surged 60.79% in the last 24 hours to $186.75 billion, reflecting heightened trading activity. As uncertainty looms, investors look for assets with growth potential. Ethena, Raydium, and Ethereum Classic are gaining attention for their unique value propositions. This article analyzes some of the <\/span>best crypto to buy right now<\/span><\/a>.<\/span><\/p>\n

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

Ethena has integrated Chaos Labs’ Edge Proof of Reserve (PoR) Oracles to enhance transparency within its ecosystem. Meanwhile, the Avalanche Foundation, in collaboration with Rain, a Visa Network issuer, has launched the Avalanche Card. <\/span><\/p>\n

BTC Bull has also gained attention, raising over $3 million during its initial coin offering (ICO). Additionally, U.S. President Donald Trump has made new statements regarding a U.S. <\/span>crypto reserve<\/span><\/a>, contributing to renewed optimism in the market.<\/span><\/p>\n

1. Raydium (RAY)<\/b><\/h3>\n

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain. It connects with the Serum decentralized exchange (DEX) by integrating its liquidity into Serum’s order book. This setup allows users to provide liquidity while having their funds interact with a larger trading ecosystem. <\/span><\/p>\n

The platform uses its native token, RAY, for multiple functions. Users can stake RAY to earn a share of protocol fees, gain access to token launches through initial DEX offerings (IDOs), and vote on governance decisions that shape the platform’s future.  <\/span><\/p>\n

\"RAY<\/p>\n

Currently, the price of Raydium is $2.83, reflecting a 23% increase in the last 24 hours. Compared to its market cap, the trading volume is 0.3517, indicating strong market activity. Liquidity remains high relative to its overall value. The 14-day Relative Strength Index (RSI) stands at 66.69, suggesting neutral market momentum, meaning price movements may stabilize in the short term. <\/span><\/p>\n

Raydium’s integration with Serum sets it apart from other AMMs by offering users access to a broader liquidity pool. Its staking and governance features provide additional utility for RAY holders. Market data suggests strong activity, though current indicators point to a neutral trading outlook.<\/span><\/p>\n

2. Ethena (ENA)<\/b><\/h3>\n

Ethena is developing USDe, a synthetic dollar designed as an alternative to traditional stablecoins. Unlike conventional options backed by cash or bonds, USDe uses cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) as collateral. <\/span><\/p>\n

Recently, Ethena integrates Chaos Labs’ Edge Proof of Reserve (PoR) Oracles. to enhance transparency. These oracles provide real-time tracking of USDe’s reserves, offering users insight into the assets backing the stablecoin. The system independently verifies that reserves remain sufficient, approved by governance, and unaffected by market swings. <\/span><\/p>\n

\"ENA<\/p>\n

Additionally, Ethena enables secure data access for third-party verification. Chaos Labs and other providers can independently assess and publish reserve data, strengthening trust in USDe’s backing. This setup ensures continuous oversight, reducing reliance on internal reporting.  <\/span><\/p>\n

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Ethena is reinforcing its commitment to transparency by integrating @chaos_labs<\/a> Edge Proof of Reserve (PoR) Oracles which will enable real-time daily transparency into the collateral backing of USDe<\/p>\n

Ethena will provide secure read API access across the entire system within an… https:\/\/t.co\/oCku23kFmJ<\/a> pic.twitter.com\/W75k4qppBq<\/a><\/p>\n

— Ethena Labs (@ethena_labs) February 25, 2025<\/a><\/p><\/blockquote>\n