Best Cryptocurrency to Buy Now: Top Contenders
Cryptocurrency investors and experts, including SEC’s boss Hester Peirce, believe a spot bitcoin ETF should have been approved years ago. However, Peirce has declined to say whether she thinks it will be approved. The Bitcoin price has more than doubled this year in anticipation of a vote. Despite this, the SEC has denied applications on the grounds of market manipulation and protecting investors.
MultiversX (EGLD)
With a 44% increase over the past year, MultiversX has maintained a trading position above the 200-day simple moving average. It has a neutral outlook with a Greed Fear & Greed Index resting at 67. The project has high liquidity and ranks 27th in the Layer 1 sector, showing substantial attention and investment interest.
Stacks (STX)
The Stacks platform recently debuted Pyth Price Feeds, opening many opportunities for smart contract developers. It currently has 1.43 billion STX in circulation out of a maximum supply of 1.82 billion. Stacks rank 15th in the Ethereum (ERC20) Tokens sector and 26th in the Layer 1 sector, showing its prominence in the crypto landscape.
yPredict (YPRED)
The cryptocurrency market has its focus on yPredict, with 100 million YPRED tokens available. Investors holding YPRED tokens receive quarterly staking rewards of up to 45% and discounts on yPredict’s AI tools. The YPRED token presale offers tokens at $0.11 each, participating in the presale can get a 10% gain upon listing on exchanges.
Dai (DAI)
Currently navigating the cryptocurrency landscape with a price of $0.998631, Dai’s market activity is robust. Ranking 3rd in the DeFi Coins sector, 3rd in the Stablecoins sector, and 6th in the Ethereum (ERC20) Tokens sector, Dai holds significant rankings. The project’s commitment to stability makes it an attractive option for investors.
Cronos (CRO)
In collaboration with Matter Labs, Crypto.com, and dApp developers, Cronos has achieved a notable milestone in its evolution by introducing zkEVM. Key highlights over the past year include a 71% price increase, and it is trading above the 200-day simple moving average. The current sentiment regarding Cronos’s price prediction is bullish. Hot Take Join Our Telegram channel to stay up to date on breaking news coverage. We cover some contenders for the best cryptocurrency to buy right now.
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.