The Best Cryptos to Buy Now
Today’s crypto market performance is a clear deviation from what we saw in the last 24 hours. Assets that dominated the gainer’s list of yesterday have found their way to the bottom percentile. Nonetheless, what are the best cryptos to buy now? This article identifies some of the top-ranking assets in the market within the last 24 hours.
- The global market cap decreased by 0.42% in the last 24 hours with a value of $1.2T.
- The trading volume increased by 12.91%, printing a total of $36.5 billion in the same period.
- DeFi transactions comprised approximately 12% of the global cryptocurrency trading volume, contributing $4.3 billion in total value.
Chainlink (LINK)
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Following the release of the Cross-chain Interoperability Protocol (CCIP), the price of Chainlink (LINK) has grown by nearly 30% since the protocol release. The price of LINK surged by almost 18% in the last 24 hours alone. Speculations suggest that crypto whales are picking interest in the token, as its trading volume increased by almost 350% in the last 24 hours. Chainlink’s collaboration with banks and its partnership with the SWIFT network positions the platform for immense opportunities. Currently testing its $8 resistance, LINK might rally toward $11 - $14.
Maker (MKR)
Maker (MKR) has seen a significant increase in its price and trading volume. With the interest in the DeFi sector reaching new highs, MKR trading volume is up by about 150% in the last 24 hours. The influx of funds from institutional players and the reduction in Stability Fees and Liquidation Ratios have boosted investors’ confidence in MKR. If MKR builds enough momentum to push through to $1150, the asset might reach $1250 before the end of the quarter.
Theta Network (THETA)
Theta Network (THETA) has shown consistent gains in the last few days, with its price up 7% and trading volume up 80% in the last 24 hours. The recent AI and web3 wave, including partnerships with Meta and Microsoft, may propel THETA’s gains. If the bulls continue, THETA may reach above the $1 mark before the end of the year, with potential support in the $0.8 - $0.9 region.
Filecoin (FIL)
Filecoin (FIL) has experienced a slow growth compared to the overall performance of the crypto market. However, with the increasing demand for data management and information backup in the crypto industry, there’s likely to be an increase in the price of FIL. Collaborations with industry players like Bitman further increase activities around the network. The price of FIL is relatively below its true potential, making it a potential buy for the future.
Hot Take:
The crypto market is constantly evolving, and identifying the best cryptos to buy can be challenging. However, Chainlink (LINK), Maker (MKR), Theta Network (THETA), and Filecoin (FIL) have shown promising performance and potential for growth. It’s important to conduct thorough research and consider market trends before making investment decisions.
