“Best Cryptocurrency to Buy Now” is between the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some alternatives. The worldwide digital currency market cap as of now stands at $1.39 trillion, reflecting a minor increase of 0.20% within the last day, but with a notable 23.87% decrease in trading volumes. This means a relatively stable market cap with a considerable shift in trading volumes, particularly with a notable contribution from stable coins and whole lot of involvement of DeFi, and a marginal decline in BTC’s dominance, hinting at probable diversification within the digital currency landscape.
MultiversX (EGLD)
MultiversX has established a collaborative deal with Google Cloud, integrating the BigQuery data warehouse into the Web 3.0 ecological system. This intends to bolster data analytics for Web 3.0 projects, providing insights into addresses, transaction amounts, smart contract interactions, and on-chain analytics. The partnership will streamline the execution of large-scale blockchain projects by supplying developers convenient access to essential data. There is likewise the xWorlds Developer Kit, a suite of tools enabling creators to craft augmented reality experiences.
Conflux (CFX)
Conflux Network marks a 424% increase in its value in the previous year, placing it in the top 4% of the top 100 cryptocurrency assets. The price as of now stands at $0.154626, with a 24-hour volume of trading of $22.46 Million and a market cap of $534.50 Million. The Fear & Greed Index level is 66, signifying greed in market sentiment. CFX likewise has a circulating supply of 3.46 Billion out of a maximum supply of 5.28 billion, with a 65.33% yearly supply inflation rate.
The Graph (GRT)
The Graph has seen a 123% increase in value in the previous year, placing it between the top 84% of the top 100 cryptocurrency assets. As of now at $0.130964, with a market cap of $1.22 Billion and a volume of trading of $93.23 Million, GRT is driven by a positive trend sentiment with a Fear & Greed Index rating of 66. It has a circulating supply of 9.31 Billion GRT out of a maximum supply of 10.06 Billion with a 34.97% yearly supply inflation rate.
Chainlink (LINK)
Chainlink has seen a 133% increase in its value in the previous year, surpassing 86% of the top 100 cryptocurrency assets. At $14.20, it has a volume of trading of $1.20 Billion and a market capitalization of $7.91 billion. It maintains a position over the 200-day simple moving average and has a Fear & Greed Index 66, reflecting a moderate level of greed in market sentiment.
Bitcoin (BTC) ETF Token (BTCETF)
The Bitcoin (BTC) ETF Token (BTCETF) has resurfaced with a focus on the capacity approval of a Bitcoin (BTC) Exchange-Traded Fund (ETF).
Hot Take: Best Cryptocurrencies for Today
All the cryptocurrencies mentioned show great probable in their respective fields, making them strong contenders for investment given current market conditions. Keep a close eye on these as they continue to grow and evolve in the digital currency landscape.
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.
