5 Cryptocurrencies Worth Adding to Your Watchlist
The cryptocurrency market is still struggling to regain its pre-bearish market trends. However, there are several cryptocurrencies that show potential and are worth keeping an eye on. Here are five contenders for the best cryptocurrencies to buy right now.
1. Stacks (STX): After weeks of decline, Stacks has recently entered an uptrend. Its price has been fluctuating but has seen a recent increase due to the Grayscale victory over the SEC. Stacks is a Bitcoin layer that brings Ethereum-like contract features to the Bitcoin blockchain. The upcoming Nakamoto upgrade will further enhance its efficiency.
2. Stellar (XLM): Stellar has shown a 6% increase today, making it the biggest gainer in the top 100 cryptocurrencies. While it has struggled to break the $0.2 zone, some indicators suggest that it may have the potential to reach $1 in the future. Stellar has been making efforts to expand its presence in the fiat payment ecosystem, which could contribute to its growth.
3. KuCoin Token (KCS): KuCoin Token has seen a price increase of over 5% in the last 24 hours, making it one of the top gainers of the week. As the native cryptocurrency of the KuCoin platform, KCS is an integral part of the exchange’s services and profit-sharing program. KuCoin recently launched its perpetual contract trading platform, which could further boost the demand for KCS.
4. OG Fan Token (OG): OG Fan Token has attracted attention with a trading volume pump of over 300%. It has shown a consistent uptrend and outperformed many other tokens in the past 30 days. While it may face resistance at the $5 price range, OG presents a medium-term opportunity for investors.
5. yPredict (YPRED): As the crypto AI sector grows, projects like yPredict offer unique opportunities. yPredict utilizes artificial intelligence models to generate accurate crypto forecasts. The project’s roadmap has been revised to allow for optimization, and the yPredict solution is expected to be fully operational in Q1 2024.
In conclusion, these cryptocurrencies show potential and are worth considering for your watchlist. Keep an eye on their performance and developments in the coming days.
Hot Take: Promising Cryptocurrencies to Keep an Eye On
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.