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we are Best Cryptocurrencies to Buy NowIt’s likely worth adding to your watchlist for the next few days.
In this article, we will explore our top picks for the best cryptocurrencies to buy right now, with a focus on Sui, Oasis Network, and Meme Kombat, highlighted as potential investment opportunities. Nonetheless, Insidebitcoins provides easy-to-understand insights to analyze the complexities of the cryptocurrency market and guide investors to seize growth opportunities and succeed.
Best Cryptocurrencies to Buy Now
Arbitrum has performed well in this week’s trading session, showing a significant surge of 27.2% since the close of last Friday’s trading session. Therefore, Arbitrum is one of the best cryptocurrencies as it is one of the few cryptocurrencies to hit new all-time highs over the past week.
Meanwhile, megacap cryptocurrency Bitcoin And Ethereum had a relatively calm week. Bitcoin showed a modest rise of 3.7%, while Ethereum recorded a decline of 3.4%. This performance gap has led to increased interest in Arbitrum and its unique market movements.
1. Sui (SUI)
Sui (SUI) shows notable strength, with the current price reaching $0.8765, indicating resilient market performance. In the last 24 hours, SUI has posted commendable gains, gaining 9.49%.
Moreover, the previous cycle’s all-time high for SUI price reached $0.940585, a cycle high. Market sentiment for Sui is currently bullish, with a Fear and Greed Index of 70 (Greed).
Technically, SUI is trading above its 200-day simple moving average, reflecting positive momentum. Additionally, the token sale price-to-price performance was good. Notably, over the past 30 days, Sui Crypto has experienced 19 green days, accounting for 63% of the observed period.
Thanks to the recent hype around Epitaph, Sui was processing over 13.8 million blocks of transactions per day, reaching peak TPS of ~6,000, and no downtime, slowdowns, or spikes in gas bills.
But what is an inscription? We break down the concept: https://t.co/7o6hndkmo8
— Sui (@SuiNetwork) January 5, 2024
As evidenced by its market capitalization, the project’s liquidity is noticeably solid. The current circulating supply of Sui is 1.1 billion SUI out of a maximum supply of 10 billion SUI. It ranks 36th in the layer 1 sector by market capitalization.
Investors should approach this information objectively, taking into account the factors that contribute to Sui’s current market positioning. As with all investments, thorough research and analysis is recommended to make informed decisions.
2. Internet Computer (ICP)
Internet Computer has announced a newly launched subnet for creating GDPR-compliant decentralized applications (dApps). This specialized infrastructure provides developers within the subnet with access to tools designed to accelerate the launch of dApps in the European market. It aims to adhere to strong regulatory standards to protect personal and financial data.
ICP’s subnets are managed by one of the world’s largest DAOs and operate under Network Nervous System (NNS) governance. Over the past year, the project has seen significant growth, with prices soaring 222%. This performance puts it well ahead of 80% of the top 100 cryptocurrency assets over the same period.
Notably, the project maintains positive momentum relative to the token sale price. Additionally, the token has experienced 19 positive trading days over the past 30 days, which constitutes 63% of the observation period. This indicator and the high liquidity of the project emphasize its solid position in the market.
🆕Take it now #ICP News and updates are your @D-mail official wallet
Subscribe here: https://t.co/iVUgOPSxVl https://t.co/8zQLujAWJh
– DFINITY(@dfinity) January 5, 2024
Additionally, the price prediction sentiment of Internet computers is neutral. However, the fear and greed index is 70, showing that investors are greedy. Within the Layer 1 category, ICP ranks 12th, confirming its presence in the broader blockchain ecosystem.
3. Meme Combat (MK)
combat memes It is gaining attention for its unique features and is the best cryptocurrency to buy right now. We have successfully raised $6,136,200.21 of our $6,500,000.00 goal during the current pre-sale period. This indicates initial interest from potential investors.
The platform is primarily tailored for gaming enthusiasts and offers a combination of staking and betting features. It also gives users the opportunity to earn rewards. In the ongoing presale, 50% of MK tokens are being sold for $0.279 each, with a cap of $10 million.
The integration of staking and betting is a strategic move to increase the utility of MK tokens to the user base. As part of its utility-focused strategy, MK plans to list its tokens on a decentralized exchange, allocating 10% of its total tokens for liquidity.
Meme Kombat Discord coming soon. Here’s what you can expect:
– Exclusive beta tester channel and forum
– Activities to win and be proud of
– Quiz game
– And much more!Are you exaggerating? 👾 pic.twitter.com/SXFyHdBecO
— Meme Kombat (@Meme_Kombat) January 5, 2024
This step, outlined in the white paper, highlights the project’s commitment to facilitating decentralized and seamless transactions. M.K. token. The emphasis on utility positions Meme Kombat as an interesting option for potential investors and users alike.
Visit meme combThis is not a pre-sale.
4. Oasis Network (ROSE)
Over the past year, ROSE has recorded a price increase of 230%, exceeding 83% of the top 100 cryptocurrency assets. Notably, it outperformed both Bitcoin and Ethereum during this period. Market sentiment towards Oasis Network appears to be bullish with a Fear and Greed Index of 70 (Greed).
Additionally, the circulating amount of ROSE is 6.71 billion out of the maximum issued amount of 10 billion ROSE. By market capitalization, Oasis Network ranks 16th in Proof-of-Stake coins and 5th in AI cryptocurrencies. Additionally, ROSE is trading above its 200-day simple moving average, indicating positive market momentum.
There were 17 green days in the last 30 days, accounting for 57% of the observation period. Oasis Network shows high levels of liquidity, as evidenced by its market capitalization. With an annual supply inflation rate of 17.25%, 987.88 million ROSE tokens were created over the past year.
Oasis rewards will last until the end of 2024.
Prediction data farming round 70 concluded this week 👏
Learn more about Ocean Predictoor’s Data Farming (DF) incentive program, how to earn rewards, and more below. https://t.co/F5rqcspSFD
— Oasis Network (@OasisProtocol) January 4, 2024
In conclusion, Oasis Network has shown notable performance metrics over the past year, ranking well within its sector. However, potential investors should consider factors such as inflation rates, market sentiment, and other relevant data before making an informed decision.
5. Algorand (ALGO)
At the Algorand Impact Summit in New Delhi, the Algorand Foundation announced that Algorand Ventures is making a strategic investment in HesabPay. The move was part of a broader discussion at the summit to explore blockchain’s potential in solving global problems.
HesabPay, Afghanistan’s first interoperable digital payments platform, leverages the speed and stability of the Algorand blockchain. Initially designed to address humanitarian crises, the platform has been utilized by more than a dozen organizations. These organizations successfully leveraged HesabPay to send funds directly to beneficiaries in Afghanistan.
Over time, HesabPay expanded its features to allow users to purchase airtime, settle electricity bills, and transfer digital funds. Moreover, ALGO’s price forecast is bearish. The Fear Greed Index is 70, indicating the greed of investors.
In addition, Algorand’s circulating supply is 8.03 billion out of the maximum supply of 10 billion. The annual supply inflation rate was 12.90%, creating 917.63 million ALGO over the past year. Additionally, Algorand ranks 12th in Proof-of-Stake coins and 3rd in Algorand Network.
One of the fastest wallets in the cryptocurrency industry is coming soon to a browser near you 🙌 @deflyapp pic.twitter.com/IY6Y434c5G
— Algoland Foundation (@AlgoFoundation) January 4, 2024
The token also ranks 28th in the Layer 1 category. The asset is trading above its 200-day simple moving average, indicating a positive trend. Over the past 30 days, Algorand has experienced 16 green days, accounting for 53% of the observation period. Market capitalization also reflects high liquidity.
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