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We cover several contenders for the best cryptocurrency to buy right now , worth adding to your watchlist in the coming days.
This article will look at the best cryptocurrency options to buy now, focusing on Sui, Oasis Network, and Meme Kombat, each highlighted for their investment opportunities. However, Insidebitcoins provides easy-to-understand information, explores the intricacies of the cryptocurrency market, and guides investors to find growth opportunities and succeed.
Arbitrum has performed strongly in this week's trading session, up a significant 27.2% since the close of last Friday's trading session. As such, Arbitrum stands out among the major cryptocurrencies and is one of the few that set an all-time high last week.
Meanwhile, mega-cap cryptocurrencies like Bitcoin and Ethereum had a relatively subdued week. Bitcoin posted a modest gain of 3.7%, while Ethereum was down 3.4%. This contrast in performance has fueled increasing interest in Arbitrum and its various market movements.
1. Sui (SUI)
Sui (SUI) has shown significant strength until the current price reached $0.8765, indicating a resilient market performance. In the last 24 hours, SUI has shown a commendable upward trend with an increase of 9.49%.
Additionally, the highest SUI price recorded in the previous cycle reached $0.940585, marking a cycle high. Market sentiment towards Sui is currently increasing, approaching the 70's Fear and Greed Index (Greed).
Technically, the SUI is trading above its 200-day simple moving average, reflecting positive momentum. Moreover, its performance was favorable to the token sale price. Notably, in the last 30 days, Sui Crypto has experienced 19 green days, or 63% of the observed period.
With the latest graffiti news, Sui processed over 13.8 million transaction blocks in a single day, with a peak TPS of around 6,000 and no outages, slowdowns, or gas rate spikes.
But what are inscriptions? Let's break down the concept: https://t.co/7o6hndkmo8
— Sui (@SuiNetwork) January 5, 2024
As its market capitalization indicates, the liquidity of the project is strong. The circulating supply of Sui is currently 1.1 billion SUI, out of a maximum supply of 10 billion. It is ranked 36th in the Tier 1 sector based on market capitalization.
Investors should approach this information objectively, considering factors that contribute to Sui's current market positioning. As with any investment, we recommend thorough research and analysis to make informed decisions.
2. Internet Computers (ICP)
Internet Computer has announced a newly launched subnet for building GDPR-compliant decentralized applications (dApps). This specialized infrastructure gives subnet developers access to tools designed to facilitate bringing dApps to the European market. The purpose of this is to ensure compliance with the strict regulatory rules for the protection of personal and financial data.
The ICP subnet is managed by one of the world's largest DAOs and operates under the control of the Network Neural System (NNS). In the last year, the project has seen great growth, with prices increasing by 222%. This performance ranks it well, outperforming 80% of the top 100 crypto-assets at the same time.
The project, significantly, maintained a positive dynamic in terms of sales price. Moreover, the token recorded 19 days of positive transactions in the last 30 days, 63% of the observed period. This measure and the strong liquidity of the project underline its strong position in the market.
🆕 Now get #ICP news and updates straight to your wallet @Dmailofficial
Sign up here: https://t.co/iVUgOPSxVl https://t.co/8zQLujAWJh
— DFINITY (@dfinity) January 5, 2024
Additionally, the outlook for Internet PC prices is neutral. However, the Fear and Greed Index is 70, indicating a sense of greed among investors. Within the Layer 1 sector, ICP is ranked 12th, confirming its presence in the wider blockchain ecosystem.
3. Kombat Meme (MK)
Meme Kombat attracts attention for its unique features that make it the best cryptocurrency to buy right now. It managed to raise $6,136,200.21 of its $6,500,000.00 goal in ongoing pre-sales. This indicates early interest from potential investors.
Designed primarily for gaming enthusiasts, the platform offers a combination of betting and betting features. It also offers users the opportunity to collect rewards. In the current presale, 50% of MK tokens are available at a price of $0.279 each, with a maximum cap of $10 million.
The integration of betting and betting is a strategic move to improve the usability of MK tokens for its user base. MK plans to list its tokens on a decentralized exchange as part of its service-oriented strategy, devoting 10% of all tokens to liquidity.
The Meme Kombat Discord is live, and here's what you can expect:
- Exclusive channel and forum for beta testers
– Activities to give winning and bragging rights
- Quiz games
- And more!Are you hypnotized? 👾pic.twitter.com/SXFyHdBecO
— Meme Kombat (@Meme_Kombat) January 5, 2024
This step, outlined in their white paper, highlights the project's commitment to facilitating a decentralized and transparent MK token exchange . The focus on utility positions positions Meme Kombat as an attractive option for investors and potential users.
Visit the Meme Komba presale .
4. Oasis network (ROSE)
Over the past year, ROSE has seen a 230% increase in price, outperforming 83% of the top 100 cryptoassets. Meanwhile it gained more than Bitcoin and Ethereum during this period. Market sentiment appears to be rising with the Oasis Network, with a Fear and Greed Index (Creed) of 70.
Also, ROSE's circulating supply is 6.71 billion out of 10 billion ROSE's maximum supply. Based on market capitalization, Oasis Network is 16th in the Real Stock Coins sector and 5th in the AI Crypto sector. Additionally, ROSE is trading above its 200-day simple moving average, indicating positive market momentum.
In the last 30 days, 17 green days were recorded, or 57% of the observed period. The Oasis network has high levels of liquidity, as evidenced by its market capitalization. The annual supply inflation rate is 17.25%, creating 987.88 million ROSE tokens in the last year.
The Oasis Prize will run until the end of 2024
The 70th cycle of Preditor Data Farming ended this week 👏
Learn more about Ocean Preditoor's Data Farming (DF) incentive program, how to win prizes and more below: https://t.co/F5rqcspSFD
— Oasis Network (@OasisProtocol) January 4, 2024
In conclusion, the Oasis Network has shown outstanding performance indicators over the past year, ranking well in its sectors. However, potential investors should consider the inflation rate, market sentiment and other relevant data before making informed decisions.
5. Algorande (ALGO)
At the Algorand Impact Summit in New Delhi, the Algorand Foundation announced Algorand Ventures' strategic investment in HesabPay. The move was part of a broader discussion at the summit to explore the potential of blockchain to address global challenges.
Positioned as Afghanistan's first interoperable digital payment platform, HesabPay leverages the speed and reliability of the Algorand blockchain. Originally created to respond to the humanitarian aid crisis, more than a dozen organizations have used the platform. These organizations have successfully used HesabPay to send funds directly to beneficiaries in Afghanistan.
Over time, HesabPay has expanded its functionality to allow users to buy airtime, pay electricity bills and transfer digital funds. Also, ALGO's price predictions are bearish. The Fear and Greed Index is 70, which indicates the state of greed among investors.
Also, Algorand's circulating supply is 8,030 crores from the maximum supply of 10,000 crores. The inflation rate of the annual supply is 12.90%, and in the last year it has generated 917.63 million ALGO. Additionally, Algorand is ranked #12 in the Proof of Stake coin industry and #3 in the Algorand Network industry.
One of the fastest crypto wallets available in a browser near you 👀 @deflyapp pic.twitter.com/IY6Y434c5G
— Algorand Foundation (@AlgoFoundation) January 4, 2024
The brand is also ranked 28th in the Tier 1 sector. The asset is trading above its 200-day simple moving average, indicating a positive trend. Over the past 30 days, Algorand has experienced 16 green days, or 53% of the observed period. Moreover, its market capitalization reflects high liquidity.
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