Best Crypto To Buy Now January 12 Theta Network, Bitget Token, VeChain

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Finding the best cryptocurrency to buy right now is a never-ending task as dozens of tokens are launched on CEX and DEX platforms every day.

Finding the best digital assets is a crucial decision for investors. However, several factors are emerging that affect the value and potential growth of various currencies. This article examines the best cryptocurrencies to buy right now, key issues, market trends, and what investors may want to consider when making market decisions.

The cryptocurrency market has seen significant growth with the launch of the first Bitcoin ETFs in the US markets. These newly introduced currencies, which typically contain actual bitcoins rather than futures contracts, immediately attracted the attention of investors.

According to data compiled by Yahoo Finance, the total trading volume of the 10 most recently launched Bitcoin spot ETFs exceeded $4.5 billion on the first day. Additionally, Grayscale Bitcoin Trust (GBTC) leads the pack with an impressive $2.3 billion in trading volume. Other participants include IBIT, Fidelity's fake Bitcoin offering, and the Hashdex (futures) fund.

1. VeChain (FP)

VeChain (VET) has evolved significantly since its inception in 2015. Positioned as an enterprise-level L1 smart contract platform, VeChain's primary goal is to achieve transformative change in global industries including medicine, l energy, food and beverage, and sustainability.

FP price showed a slight increase of 0.66% during the day. Sentiment regarding VeChain price prediction leans towards optimism, with the Fear and Greed Index showing a value of 71 (Creed). VeChain has high liquidity backed by market capitalization and is actively listed on Binance.

Additionally, VeChain has performed impressively, posting a 75% price increase over the past year. This growth exceeded 58% of the top 100 cryptocurrencies, making it a competitive player in the market.

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Additionally, the token is trading above its 200-day simple moving average, indicating a positive trend. The token distribution supply stands at 72.71 billion VET from a high of 86.71 billion. Annual supply inflation was 0.28%, which generated Pr203.39 million last year.

2. Theta Network (THETA)

Theta Network (THETA) has seen significant positive activity over the past year. It has consistently moved above the 200-day EMA. Nonetheless, current sentiment on THETA's price forecast remains neutral, with the Fear and Greed Index at 71 (Creed).

If we analyze the recent price development, it is favorable for potential buyers and the charts show that the uptrend continues. Over the past month, the total price increase reached 7.32%, which represents a positive performance compared to the token sale price.

Additionally, Theta Token has shown stability with 15 green days in the last 30 days, showing a positive trend of 50%. High liquidity, determined by market capitalization, is a distinctive feature. The token is actively traded on Binance and is increasing its market access.

Additionally, the current circulating supply is 870.50 million THETA out of a maximum supply of 1 billion THETA. In the Ethereum token sector (ERC20), Theta Token is ranked 20th in terms of market capitalization. It is ranked 3rd in the NFT token sector, 3rd in the Metaverse sector and 38th in the Layer 1 sector.

3. Coat (MNT)

Mantle has high liquidity, as evidenced by its market capitalization. Currently, token trading on KuCoin is working positively, 17 of the last 30 days were marked by gains (57%). MNT has seen a rise in token price, showing an increase of 33.02% over the last 7 days.

This growth is due to the increased focus on layer 2 protocols, especially in light of the recent development of Ethereum. Additionally, Mantle's price predictions tend to be optimistic. This feeling is consistent with a Fear and Greed Index of 71 (Greed).

Mantle reached its all-time high of $0.849765 on January 11, 2024. However, the lowest price ever is $0.00, the lowest price after ATH is $0.775921. The last session's low and high were $0.822764, indicating volatility.

Additionally, 3.13 billion manats of the maximum supply of 6.22 billion manats are currently in circulation. Mantle is ranked 10th in the Ethereum token sector (ERC20) and fourth in the Layer 2 sector in terms of market capitalization.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix currently holds a significant stake of over 400,000 BTCMTX tokens. The platform has an initial annual percentage yield (API) of 103.225%, which is subject to change as token holdings increase.