Best Cryptocurrencies to Invest in January 2024
Each day, we review some picks for the best cryptos to buy now based on the latest market movements, blockchain news, and trending narratives.
Explore the cryptocurrency market with our top picks for January 2. This article includes a selection of potential investment opportunities and crypto market trends, aiding informed decisions and empowering investors in navigating the crypto market wisely.
Bitcoin Hits $45,000: Potential Approval of Exchange-Traded Spot Bitcoin Funds
Bitcoin has reached the $45,000 mark, hitting its highest value since April 2022. The increase is connected to a sense of positivity regarding the potential approval of exchange-traded spot Bitcoin funds. This situation highlights the persistent fluctuations within the cryptocurrency market and emphasizes how regulatory decisions can significantly influence its overall value.
Cosmos (ATOM)
The Cosmos community has recently endorsed a substantial allocation of over 975,000 ATOM to establish the ATOM Accelerator DAO (AADAO). This marks a development in the ongoing evolution of the Cosmos ecosystem. However, in the past 24 hours, the ATOM price has experienced an uprise of 5.89%.
Theta Network (THETA)
Theta Network has experienced significant positive momentum over the past year. Currently, the circulating supply of Theta Token is 870.50 million out of a maximum supply of 1.00 billion THETA. In addition, THETA’s current trading position near its cycle high suggests a certain level of stability in the market.
ApeCoin (APE)
ApeCoin is navigating favorable market dynamics, marked by a Fear & Greed Index rating of 71 (Greed). The token also experienced a 50% positive trend over the past 30 days. With a circulating supply of 368.59 million out of a maximum of 1.00 billion, the coin exhibits a yearly supply inflation rate of 2.03%.
Uniswap (UNI)
Uniswap has experienced an intraday increase of 4.39%, trading above its 200-day simple moving average. Furthermore, Uniswap holds the #4 position in the DeFi Coins sector and #2 in the Exchange Tokens sector. The token also ranks #1 in the Yield Farming sector and #7 in the Ethereum (ERC20) Tokens sector.
Wall Street Memes (WSM)
Wall Street Memes (WSM) has recently undergone enhancements that position it as the best cryptocurrency to buy now. Established in 2020, WSM has cultivated a substantial online following, particularly across various social media platforms. The project aims to foster a community of finance enthusiasts by providing a platform for sharing views and facilitating connections.
Hot Take
Investors are advised to closely monitor WSM’s activities and trends for potential insights into its future trajectory. Visit the Wall Street Memes Page.
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