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Best Cryptos to Buy Now
Every day, you review some picks for the best cryptos to buy now based on the latest market movements, blockchain news, and trending narratives. In recent news, the cryptocurrency market reflects a slight decrease in overall market capitalization, at $1.41 trillion. Thus marking a decrease of 0.97% over the past 24 hours. However, the 24-hour trading volume has shown an increase of 16.61%, now totaling $251.52 billion.
Maker (MKR)
The Maker (MKR) Coin has experienced notable growth since its inception, with a 128% price increase over the past year. It trades above its 200-day simple moving average on Binance, signaling a positive trend. Moreover, the coin’s high liquidity, reflected in its market cap, indicates robust market activity. Furthermore, MKR is ranked sixth in the DeFi Coins sector and thirteenth among Ethereum (ERC20) Tokens. Notably, its circulating supply stands at 977,631 MKR out of a maximum supply of 1.01 million MKR. Analysts express a bullish sentiment regarding Maker’s price prediction, alongside a Greed score of 71 on the Fear & Greed Index. This showcases investors’ interest in the token and makes it the best crypto to buy now.
Gas (GAS)
Gas has seen a remarkable price surge over the past year, with a substantial increase of 308%. This surge has placed it above 91% of the top 100 crypto assets. As such, the token has outperformed major players like Bitcoin and Ethereum. Notably, Gas is trading above its 200-day simple moving average, indicating a bullish trend. In the last 30 days, it has seen 18 positive trading days, representing a 60% positive trend. A commendable market cap supports the asset’s robust liquidity.
Helium (HNT)
The Helium Wallet v2.4.0 introduces significant upgrades for the Helium community. These include an automatic fee management feature, allowing users to pay Solana fees using various tokens. Additionally, there’s an integration with JupiterExchange for improved token swaps within the Solana ecosystem. This comes with fixes aimed at smoothing the onboarding process for Wi-Fi-capable hotspots. These new features have triggered the attention of the crypto market. As such, HNT has grown in the past few days, placing it among the best crypto to buy now.
Bitcoin ETF Token (BTCETF)
With a well-shown investor interest, Bitcoin ETF Token is well-placed as the best crypto to buy now. The BTCETF Token focuses on a novel approach to capitalize on the potential approval of a Bitcoin Exchange-Traded Fund (ETF). This project aims to provide investors with a simplified avenue to leverage this anticipated development by consolidating it into a single token. Experts in the field have indicated that approving a Bitcoin ETF could increase Bitcoin’s value by 1-3 times its current price.
Gnosis (GNO)
GNO has been on an upward tick in the past 30 days. However, is it the best crypto to buy now? Gnosis’ recent collaboration with Kinetex and Factor is a significant stride toward bringing Kinetex’s innovations to the market. This partnership aims to refine Kinetex’s cross-chain trading strategy by integrating zero-knowledge (Zk) technology. The ultimate aim is to contribute to a decentralized, inclusive, efficient, and accessible DeFi ecosystem. Kinetex is on the verge of completing the testing phase for its Flash Trade mode. This mode introduces a resolving-based cross-chain approach. It involves a decentralized network of professional resolvers who compete to fulfill user orders. Furthermore, this approach aims to resolve issues in current cross-chain setups, such as price fluctuations, MEV attacks, and prolonged transaction times. The entire process is automated, resembling a standard swap on centralized exchanges. When evaluating the project’s performance, several key indicators stand out.
Hot Take
The cryptocurrency market is rife with opportunities, with tokens such as Maker (MKR), Gas (GAS), Helium (HNT), Bitcoin ETF Token (BTCETF), and Gnosis (GNO) displaying robust market performance and distinct features that position them as strong options for potential investors. As always, it’s important to conduct thorough research and due diligence before making any investment decisions.
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