Best Cryptocurrency to Buy Now: Top Contenders Worth Watching
We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days. Today’s top-performing asset in the crypto market comprises virtually all industry sectors. Invariably, it means that investors are becoming more liberal in capital allocation. More importantly, investors are also developing an increasing interest in the memecoin sector as the top performers today are from the sector. Consequently, degen investors might be bracing up to have their time again.
1. Conflux (CFX)
– Conflux is currently experiencing a pump due to recent hardforks and increased NFT activities.
– Conflux is sponsoring the Blockchain Futurist Conference, increasing its visibility.
– CFX saw a price surge of over 3% in the last 24 hours and has a price increase of over 180% in the last 52 weeks.
– Investors’ confidence in CFX is gradually becoming bullish, increasing the prospect of a price pump.
– Overall, CFX is one of the best cryptos to buy now.
2. Frax Share (FXS)
– Frax Share is currently on a pumping spree with over a 6% increase in price today.
– The pump is coming due to social activities around the FXS token and the release of the final stablecoin.
– There has been an increase of over 65% in the trading volume of FXS.
– It might be best to take more time to review the asset’s trend before getting involved.
– The short-term trading strategy might benefit from FXS already trading close to its $6.5 resistance.
3. Theta Network (THETA)
– THETA saw a boost of over 3% in value in the last 24 hours and an increase of over 28% in trading volume.
– The uptrend is likely to continue into the new week, but THETA would have to overcome the resistance at $0.77.
– Traders might want to make a profit as the current price trend is much below its long-term moving averages.
– Long-term holders might find solace in the prospect of a pump in the long run, but THETA is notorious for its volatility.
– Keeping a close eye on the price movement before making a long-term decision is best.
4. Pepe (PEPE)
– PEPE has emerged as a SHIB contender, with over an 8% increase in the last 24 hours.
– Memecoins are trending in the market, making cryptocurrencies like PEPE more attractive.
– PEPE’s high liquidity and bullish sentiment of the crypto community indicate a continuous uptrend.
– PEPE’s price is getting closer to its $0.0000014 resistance, and its current price is slightly below its 100-day ema.
– Studying the trend and understanding how it unfolds is best.
5. Chimpzee (CHMPZ)
– Chimpzee is only six days away from entering stage 10 of its presale offer.
– The project has raised $1.1 million in only nine stages, showcasing the commitment and focus of the team and community.
– The presale is still ongoing, with a target of $1.856 million.
– Investors might want to take a look at Chimpzee’s unique twist to social entrepreneurship through blockchain technology.
– More details about Chimpzee are included below.
Hot Take: With the crypto market experiencing a surge in interest and activity, it’s crucial for crypto readers to keep an eye on potential contenders for the best cryptocurrency to buy now. Conflux, Frax Share, Theta Network, Pepe, and Chimpzee are all worth watching due to their recent performance and unique features. Whether you’re looking for short-term swings or long-term investments, these cryptocurrencies offer opportunities for potential returns. However, it’s important to conduct thorough research and monitor market trends before making any investment decisions. Stay informed and stay ahead in the crypto market.
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