Finding the best cryptocurrencies to invest in is a continual task, given the numerous tokens launched on CEX and DEX platforms regularly. When looking for the top digital assets to invest in, you should consider various factors that influence the value and potential growth of different coins. In the following sections, we’ll explore some of the best crypto assets to buy now, touching on essential considerations, market trends, and factors you need to consider when making investment decisions.
Bitcoin ETFs
The introduction of the first Bitcoin spot ETFs on U.S. markets marked a significant development in the cryptocurrency market. These funds hold actual Bitcoin rather than futures, which attracted investors’ attention. The trading volume for the 10 recently launched Bitcoin spot ETFs surpassed $4.5 billion on their first day, with the Grayscale Bitcoin Trust (GBTC) leading the group.
VeChain (VET)
VeChain has evolved into an enterprise-grade L1 smart contract platform, aiming to bring transformative changes across global industries such as medical, energy, food & beverage, and sustainability. Its price has experienced a subtle intraday increase, and its price prediction leans towards a bullish outlook.
Theta Network (THETA)
Theta Network has displayed significant positive movement over the past year, sustaining an upward trend above the 200-day Exponential Moving Average (EMA). Its recent price action has been favorable for potential buyers, with sustained growth activity reflecting a 7.32% total price increase last month.
Mantle (MNT)
Mantle boasts high liquidity and has seen a positive performance, with 17 out of the last 30 days marked by gains. This surge is attributed to the growing attention on Layer 2 protocols, particularly in light of Ethereum’s recent upswing.
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix has surpassed 400,000 tokens and integrates tokenization to address concerns associated with existing cloud mining platforms. The distribution plan allocates a percentage for rewarding active community involvement, and the platform has raised over $8,267,910.1 out of the targeted $9,103,393.
Bitget Token (BGB)
Bitget Token has collaborated with Chainalysis to integrate the Chainalysis compliance solution into its platform. This move is aimed at optimizing Bitget’s Anti-Money Laundering (AML) risk management strategy. The token has also demonstrated a noteworthy price surge over the past year. It continues to show a bullish sentiment, complemented by a Fear & Greed Index showing a value of 71.
Hot Take
Investing in cryptocurrencies comes with a lot of effort to find the right ones to buy, and it’s important to consider the factors influencing each coin. In the current market, VeChain (VET), Theta Network (THETA), Mantle (MNT), Bitcoin Minetrix (BTCMTX), and Bitget Token (BGB) are showing significant performance and seem to be attracting investors’ attention. Remember that investing in cryptocurrencies holds various risks, and it’s crucial to do thorough research before making any investment 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.