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InsideBitcoins regularly provides summaries of: Best Cryptocurrencies to Buy NowConsidering the recent price-performance ratio.
The total market capitalization of the cryptocurrency market reached $1.6 trillion, up 1.64% intraday. However, the 24-hour trading volume decreased slightly by -0.01% over the same period to $236.75 billion.
Best Cryptocurrencies to Buy Now
cryptocurrency It’s been quite a roller coaster ride this year, and Bitcoin remains firmly above $41,000 despite recent declines. Last week, Bitcoin briefly hit $44,000 on the back of good consumer price index (CPI) data. Other cryptocurrencies such as Ethereum, Cardano, Dogecoin, and BNB have rebounded and contributed to Bitcoin’s impressive 147% growth this year.
Companies like Block Inc. (SQ), NVIDIA Corporation (NVDA), and Coinbase Global, Inc. (COIN) are making waves in the cryptocurrency world. As the cryptocurrency landscape evolves, they will play an important role.
1. Quant (QNT)
Quant recently launched its Zapier integration, a handy feature that easily connects internet apps and off-chain data to the blockchain. Zapier is famous for its ‘zaps’, a tool that automates workflows and connects various business apps. The goal of this integration is simple: It is easy to combine existing internet services and data with blockchain.
It pulls information from smart contracts on any blockchain and seamlessly connects the resulting data with other business systems. This news is consistent with positive momentum as the Quant is trading above its 200-day moving average. QNT also recorded 16 positive days last month (53%). Moreover, liquidity is good compared to market capitalization.
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we are #Blockchain Economy Foundation. pic.twitter.com/A0CYEDi4cn
— Quant (@Quant_Network) June 28, 2023
Looking at the price history, Quant hit a high of $424.43 on September 11, 2021, and a low of $0.181764 on August 9, 2018. Sentiment for Quant’s price prediction is Neutral, with a Fear and Greed Index of 65 (Greed).
The circulating supply of QNT is 12.07 million QNT out of 14.88 million QNT. Based on market capitalization, it ranks 16th in the Ethereum (ERC20) token sector and 27th in the layer 1 sector. This shows its importance in the wider cryptocurrency world.
2. Arweave (AR)
Can Arweave establish itself as one of the best cryptocurrencies you can buy right now? Arweave has been doing well recently. Over the past 30 days, it has remained green for 16 days, showing a 53% increase. This represents a positive outcome. Currently, 65.45 million AR coins are in circulation out of a total of 66 million AR coins.
Over the past year, 32.06 million AR coins have been created, with an annual supply inflation rate of 96%. Looking at the price history, Arweave reached its highest point on November 5, 2021, reaching $90.68. The lowest point was $0.430141 on April 30, 2020. After reaching its peak, the lowest price was $3.74 and the highest price was $9.29. The project also has good liquidity thanks to its market capitalization.
Arweave ranks 45th in the Layer 1 sector by market capitalization. When it comes to sentiment, the forecast is neutral, with the Fear and Greed Index at 65, indicating a state of greed in the market.
3. Internet Computer (ICP)
The recent announcement of a partnership between the Internet Computer (ICP) and Ethereum is big news in the blockchain world. This collaboration could change the situation in the cryptocurrency world. Integration takes place in two steps:
First, a smart contract called canister will serve as a bridge connecting Ethereum and ICP. This makes it easier for smart contracts on Internet computers to talk to Ethereum without the need for an intermediary. By connecting ICP smart contracts with the Ethereum ecosystem, it opens up new possibilities for creators and users.
The second phase introduces new tokens such as ckETH and ckERC-20 to the Internet computer. The token aims to make trading extremely fast and cheap, especially for users of ICP’s decentralized exchange (DEX). This integration is expected to bring speed and cost efficiency to transactions within the ICP ecosystem.
This collaboration has already increased the value of the Internet computer’s native cryptocurrency. It is trading well above its 200-day average and is showing positive performance compared to the initial token sale price. Moreover, it is close to the peak of the trading cycle. The liquidity of the project, as seen by its market capitalization, adds to its positive position.
Day 6 #ckETH Since launch, 414 ckETH has been minted, 11 ckETH has been burned, over 2000 transactions have been witnessed and a total of over 1200 ckETH has been transferred 🔥
Activity included 382 uniques at address and 573 uniques at address 📈
View dashboard 👉 https://t.co/hDVNCD5y36 pic.twitter.com/5SnzpOjTcg
– DFINITY(@dfinity) December 12, 2023
Going forward, sentiment regarding Internet computer prices appears to be positive. The Fear and Greed Index is 65 (Greed), reflecting market optimism. This collaboration brings exciting changes and we will be watching closely its impact on the cryptocurrency scene as integration progresses.
4. Launchpad XYZ (LPX)
Launchpad XYZ We have introduced a variety of investment options in the Web 3.0 sector, including utility tokens, ICOs, and NFTs. It is designed to be user-friendly, suitable for both beginners and experienced investors. The goal is also to simplify the Web 3.0 experience and provide investors with valuable information to help them make decisions.
Users receive discounts on products and services from Launchpad XYZ partners. Those who hold at least 10,000 LPX tokens will get early access to the beta mode play-to-profit game. This allows them to follow game developments and make informed decisions about in-game crypto tokens.
However, the native token of the Launchpad XYZ ecosystem is LPX, which provides stakeholders with access to premium features. This includes the low trading fees of the Launchpad XYZ decentralized exchange. Additionally, LPX token holders are guaranteed access to new NFT mints at competitive prices and early access to exclusive pre-sales.
Getting involved has never been easier!#LaunchpadXYZOne-click trading for fast and efficient transactions. ⚡ #Efficient transaction #One click #how pic.twitter.com/jvKsL5HnZh
— Launchpad.xyz (@launchpadlpx) December 12, 2023
The LPX token has been successful, with a significant $2,170,544.72 raised in the pre-sale, indicating market acceptance. LPX is valued at $0.0445 per token, with a listing price of $0.0565 and an ongoing 4% bonus.
Launchpad XYZ is developing a decentralized exchange (DEX) to simplify essential exchanges and certain perpetual contracts. The goal is to allow traders to engage in leverage and short selling. LPX Token holders are expected to benefit from reduced trading fees on the Launchpad XYZ exchange.
5. Ivy (HBAR)
Hedera recently announced an expanded partnership with digital asset exchange Archax. Now they don’t just work together. They also support HBAR staking and are investigating more tokenization projects. This news caught the attention of the wider cryptocurrency community.
The current price of HBAR is $0.077414, with a trading volume of $211.26 million over the last 24 hours. The market capitalization is $1.15 billion and the market dominance is 0.07%. Over the past day, Hedera price has increased by 8.20%.
In cooperation with @HBAR_Foundation, @ArchaxEx Announced expansion of support. $HBAR #Staking & Pursuing additional real assets #Tokenization Due to equity tokenization @abrdn_plcof multi-billion pound money market funds. #girl name. #RWAhttps://t.co/HdS1xGc2uz pic.twitter.com/1sofGNY4U
— Ivy (@ivy) December 12, 2023
Notably, HBAR is consistently trading above its 200-day simple moving average, with a positive trend in 60% of the last 30 days. These numbers and market capitalization mean that HBAR has good liquidity.
The fear and greed index is 65, indicating the greed of investors. HBAR ranks 12th in the Proof-of-Stake coins category. It is also ranked 29th in the Layer 1 category, making it the best cryptocurrency you can buy right now.
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