**What is the Best Crypto to Buy Right Now?**
When it comes to investing in cryptocurrencies, one question that often arises is, “What is the best crypto to buy right now?” In this article, we will explore a range of tokens that are worth watching.
**Bitcoin Maintains Strong Position Above $34,500**
Bitcoin has managed to maintain its strong position above $34,500, even after experiencing a minor retracement. Altcoins have also made significant gains, contributing to a $20 billion increase in the total market cap over the past 24 hours.
**Ethereum Outperforms BTC with 4.4% Daily Surge**
Ethereum has exhibited remarkable strength, outperforming BTC with a 4.4% daily surge and reaching $1,850. The altcoin landscape today is dominated by green, with coins like Binance Coin, Ripple, Tron, Toncoin, Chainlink, and Litecoin showing 3-4% daily gains. Solana, Cardano, Polygon, and Polkadot have also surged by 5-7%. Meme coins like Dogecoin and Shiba Inu have experienced impressive price surges of 10-11%. Avalanche’s native token has mirrored this percentage gain and is now valued at over $11.
**Positive Trend Boosts Total Crypto Market Cap**
The positive trend in altcoins has contributed to a surge of approximately $20 billion in the total crypto market cap overnight. The market cap is now nearing the $1.3 trillion mark.
**1. Cronos (CRO)**
Cronos (CRO) serves as the native cryptocurrency of Cronos Chain, a decentralized blockchain developed by Crypto.com. Its primary utility lies in powering the Crypto.com Pay mobile payments app. CRO owners can stake their coins to earn fees as validators on the Crypto.com Chain and settle transaction fees on the Cronos Chain. While investments in CRO should be considered cautiously, the recent expansion of Cronos-based Fulcrom Finance onto zkSync Era attests to its growing value.
**2. Launchpad XYZ (LPX)**
Launchpad XYZ is a cryptocurrency venture that aims to revolutionize the Web3 investment landscape. It emphasizes utility tokens, NFTs, play-to-earn games, and ICOs, offering a comprehensive ecosystem to simplify Web3 investments. The platform’s presale has raised over $1.9 million, indicating significant investor interest.
**3. Aptos (APT)**
Aptos is a Layer 1 Proof-of-Stake blockchain that utilizes Move, a smart contract programming language created by Meta’s Diem blockchain engineers. It aims to catalyze mainstream adoption of web3 technologies and has an impressive transaction processing capability of over 150,000 transactions per second.
**4. Sponge (SPONGE)**
Sponge is a meme coin that draws inspiration from SpongeBob SquarePants but operates independently. It aims to create the best meme coin and has a strong community focus. Despite its volatility, Sponge’s unique approach and partnerships make it an exciting choice for meme-driven investment opportunities.
**5. Biconomy (BICO)**
Biconomy is a multichain relayer protocol that addresses usability and cost-related challenges in the blockchain space. Its mission is to enhance the user experience on DApps and simplify transactions by allowing users to pay gas fees in an ERC-20 token of their choice.
**Hot Take: The Best Crypto to Buy Right Now**
With so many promising cryptocurrencies available, it can be challenging to determine which ones are worth investing in. However, based on recent developments and market trends, some of the best cryptos to buy right now include Cronos (CRO), Launchpad XYZ (LPX), Aptos (APT), Sponge (SPONGE), and Biconomy (BICO). These tokens offer unique features, utility, and potential for growth within the crypto market. Remember to conduct thorough research and consider your investment strategy before making any decisions.
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.
