Skip to main content

Join Our Telegram channel to stay up to date on breaking news coverage

Best crypto to buy now’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.

In the past 24 hours, the global cryptocurrency market has witnessed a notable uptick, recording a total volume of $46.98 billion, marking a substantial 26.90% increase. A closer examination reveals distinct trends within specific sectors of the market.

Best Crypto to Buy Now

In decentralized finance (DeFi), the 24-hour trading volume is $5.15 billion, making up 10.96% of the total cryptocurrency market activity. The influence of DeFi on the market is noteworthy, underscoring its evolving role in the broader cryptocurrency landscape.

crypto heat mapcrypto heat map

The cryptocurrency market has experienced a considerable surge in trading volume, with distinct contributions from DeFi and stablecoins. While relatively stable, Bitcoin’s dominance reflects the crypto sector’s dynamic nature. These observations offer valuable insights into the evolving trends and preferences shaping the current state of the cryptocurrency market.

1.  Blur (BLUR) 

Blur underwent significant price fluctuations in the analyzed period. It peaked on February 19, 2023, reaching $1.378270, while the lowest point was recorded on October 12, 2023, at $0.152774. Subsequently, the cryptocurrency saw a cycle low of $0.152774 and a cycle high of $0.682228.

BLUR Price Chart BLUR Price Chart

As a bullish price prediction sentiment indicates, market sentiment towards Blur appears optimistic. The Fear & Greed Index registers at 73, denoting a state of greed. This sentiment may influence market dynamics, though caution is advisable, considering the volatile nature of the cryptocurrency market. 

BLUR holds a circulating supply of 390.26 million BLUR out of a maximum supply of 3.00 billion BLUR.  Positioned as the 7th-ranked entity in the Meme Coins sector by market cap, Blur’s liquidity is deemed substantial, supported by its market cap. Technical analysis reveals that Blur is trading above its 200-day simple moving average. 

Over the past 30 days, Blur has experienced 18 positive trading sessions, constituting 60% of the observed period. As with any cryptocurrency investment, potential investors must conduct thorough research, considering market dynamics and risk factors. 

2. TRON (TRX) 

TRON has undergone significant developments over the past year, experiencing a notable 91% increase in its price. This places it among the top-performing crypto assets, surpassing 72% of the top 100 in the market during this timeframe. The current trading status indicates that TRON is positioned above the 200-day simple moving average, reflecting a positive trend.

Comparing its present performance to the token sale price, TRON has demonstrated positive results. In the last 30 days, the project has seen 18 green days, constituting 60% of the observed period. This recent track record suggests a degree of market stability. 

Furthermore, TNX’s liquidity remains high, as reflected by its market cap. TRX achieved its all-time high on January 5, 2018, at $0.302062, while its all-time low was recorded on September 15, 2017, at $0.001091. The sentiment for TRON’s price prediction is currently assessed as neutral. 

TRX Price ChartTRX Price Chart

This evaluation aligns with the Fear & Greed Index, which registers at 73, indicating a state of greed in the market. TRON holds 4th position in the Tron Network sector and 8th in the Layer 1 sector. In conclusion, the project’s journey from its historical highs and lows to its current standing emphasizes its resilience and stability in the evolving cryptocurrency landscape.

3. Beam (BEAM) 

Over the past 30 days, Beam has shown a positive performance, with 21 of the last 30 days reflecting green trading sessions, marking a 70% success rate. The coin has seen a substantial increase of 155.39% during this period.

BEAM Price Chart BEAM Price Chart

Beam is trading near its all-time high. On December 2, 2023, the coin peaked at $0.012041. While the lowest recorded price remains unspecified, the lowest observed since its all-time high stands at $0.011242, representing a cycle low. However, the highest price after the last cycle low was $0.011927, constituting a cycle high.

A maximum supply of 62.75 billion BEAM out of 41.94 billion BEAM is in circulation. Currently, the sentiment regarding Beam’s price prediction is bullish, aligning with a Fear & Greed Index reading of 73 (Greed). Additionally, Beam holds the #501 in the Binance Smart Chain sector. Also, it is 309th in the Gaming sector and 152nd in the Metaverse sector.

4. Bitcoin ETF Token (BTCETF) 

BTCETF positions itself as a cryptocurrency project strategically focused on leveraging the potential approval of a Bitcoin Exchange-Traded Fund (ETF). The project adopts a unique approach by consolidating the impact of this expected development into a single token, providing investors with a straightforward means to capitalize on the opportunity.

A distinctive feature of BTCETF Token is its specific targeting of the ETF approval process. This suggests the potential for enhanced returns due to its comparatively smaller market capitalization. Industry experts have highlighted the possibility of a 1-3 times increase in Bitcoin’s value upon ETF approval, adding to the appeal of BTCETF Token‘s strategy.

Current investor interest is evident, with the project successfully raising $2,371,132.02 out of its $2,876,052 funding goal. The token is priced at $0.0062 per unit. Visibly, this surge in attention has occurred within a 48-hour window before the next anticipated price increase. Potential investors are advised to conduct thorough research and due diligence, recognizing the speculative nature of cryptocurrency investments.

5. Internet Computer (ICP) 

The recent disclosure of the integration between the Internet Computer (ICP) and Ethereum marks a significant collaboration between two leading blockchain platforms. This development has the potential to reshape the cryptocurrency landscape and may influence a notable shift in ICP’s market dynamics. The integration process between Ethereum and Internet Computer is set to unfold in two distinct phases.

ICP Price Chart ICP Price Chart

A canister smart contract will bridge the initial phase, establishing a complete Ethereum node API directly on the ICP blockchain. Using chain-key ECDSA signature technology, every smart contract on an Internet Computer will gain the ability to interact with the Ethereum blockchain. This will eliminate the necessity for a centralized gateway.  This initial step aims to enhance communication between ICP smart contracts and Ethereum’s diverse ecosystem.

Meanwhile, it presents new possibilities for creators and users within both platforms. ICP has witnessed a 12% increase over the past year, trading above its 200-day simple moving average. The project has demonstrated positive performance relative to its token sale price, with 17 green days in the last 30 days. At the same time, accounting for 57% of the observed period. 

Despite trading near its cycle high, the sentiment for ICP prediction is currently neutral, while the Fear & Greed Index registers 73 (Greed). Currently, Internet Computer holds a circulating supply of 449.80 million ICP out of a maximum supply of 488.51 million ICP. The current yearly supply inflation rate is 64.02%, creating 175.57 million ICP over the last year. Within the Layer 1 sector, Internet Computer holds the 21st position based on market capitalization.

Read More

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin MinetrixBitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now – BTCMTX
  • Staking Rewards – Over 100% APY

Bitcoin MinetrixBitcoin Minetrix


Join Our Telegram channel to stay up to date on breaking news coverage




Source link

admin

Author admin

More posts by admin
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments