Solana

Best Crypto to Buy Now December 28 – Klaytn, Cardano, Sponge V2

No Comments7 Mins Read

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

‘What is the best crypto to buy right now?’ is a common question asked by investors – in this article, we explore a range of tokens to watch.

Finding the best crypto to buy now can feel like sailing a constantly changing maze. Investing in the right tokens requires knowledge, analysis, and a keen eye on market trends. Therefore, Insidebitcoins uncovers the top contenders, offering investors an easier route to make informed trading decisions.

Best Crypto to Buy Now

Solana has emerged as one of the top performers in the crypto market throughout 2023, rallying by almost 1,000%. This surge has propelled Solana to be the fifth-most valuable cryptocurrency globally. Hence, this indicates substantial market interest and investor confidence in its potential. Th following 5 altcoins have also caught the market’s eye.

1. Klaytn (KLAY) 

Over the last year, Klaytn has seen a significant 62% increase in its price. The asset is presently trading above its 200-day simple moving average, reinforcing the notion of a favorable trend. Notably, 16 out of the last 30 days have recorded positive price movements, constituting 53% of the observed period. 

KLAY’s liquidity appears robust, supported by a substantial market cap. The current sentiment surrounding the token’s price prediction is neutral, and the Fear & Greed Index stands at 73 (Greed).

Examining the tokenomics, Klaytn’s circulating supply stands at 3.28 billion KLAY out of a maximum supply of 10.95 billion KLAY. The annual supply inflation rate is 8.57%, creating 258.97 million KLAY in the past year. In the Layer 1 sector, Klaytn holds the 42nd position based on market capitalization.

Furthermore, Klaytn’s performance metrics suggest a positive trajectory. The neutral price prediction sentiment, combined with a greed-dominated Fear & Greed Index, may warrant a cautious approach for potential investors. 

See also  BTC Stalls at $44K, STX Defies Market Sentiment as Altcoins Keep Bleeding Out (Market Watch)

2. Sponge V2 ($SPONGEV2)

Sponge V2 is an updated version of the $SPONGE meme coin. $SPONGEV2 is valued at $16 million and has a community of over 13,000 holders. One distinctive feature of $SPONGE is the introduction of the Stake-to-Bridge model. 

This model strategically facilitates a seamless transition to V2 through staking. Furthermore, Sponge V2 adds a Play-to-Earn (P2E) game, giving users another way to participate. Adding a P2E game reflects $SPONGE’s commitment to keeping users engaged. 

Sponge V2 yields a steady annual percentage (APY) of 40% over four years. An allocation of the 150 billion token supply for staking rewards underscores $SPONGE’s commitment to user incentivization. This transparency plays a crucial role in establishing credibility and trust within the community.

Looking forward, the project aims for primary exchange listings and relies on its 30,000-strong community for potential growth. Investors should carefully research before getting involved with Sponge V2. 

Visit SPONGEV2 Presale

3. Stellar (XLM) 

The recent reset of Stellar’s Testnet brings forth an updated iteration of Stellar Core and Horizon. This move is aimed at facilitating the integration of Soroban smart contracts. 

The concerted efforts of the Stellar Development Foundation (SDF) and the wider community have culminated in introducing smart contract functionality to the Stellar network. Notably, this advancement aims to expand the network’s capabilities and opportunities while harmonizing with existing functionalities.

XLM Price Chart

Furthermore, a milestone has been reached by the Stellar project. This involves announcing a comprehensive software suite supporting Protocol 20 by the SDF and key Stellar SDK maintainers. Hence, this protocol update on the Mainnet upgrade allows Soroban smart contracts on Stellar. 

In recent market trends, the highest XLM price recorded since the last cycle low stands at $0.796465, marking a cycle high. Stellar’s price prediction sentiment is currently bullish, while the Fear & Greed Index registers 73 (Greed).

Key highlights include an 86% price increase in the past year and consistent trading above the 200-day simple moving average. Moreover, it has a significant percentage of green days (63%) in the last 30 days, suggesting robust liquidity based on its market cap.

See also  OpenSea Limits Support for BNB Smart Chain, Revises Royalties Policy Amid NFT Market Changes

4. Mantle (MNT)

Mantle recently launched Mantle Learn, a collaborative initiative between Mantle Network and HackQuest. This project is designed to acquaint Web2 developers with Web3 concepts. Furthermore, it focuses on Mantle Network’s role as a prominent Layer-2 scalability solution on Ethereum. 

Moreover, this educational platform combines Mantle Network’s technical expertise with HackQuest’s interactive modules and integrated IDE. Also, it aims to enhance accessibility and quality in educating Web3 developers.

According to Pauline Barnades of Mantle Network, the partnership with HackQuest aims to develop a diverse and in-depth curriculum. However, the objective is not limited to theoretical learning but also emphasizes applying knowledge in real-world Web3 scenarios. 

MNT Price Chart

This approach underscores the commitment of HackQuest and Mantle Network. Hence, this provides a comprehensive, practical, and developer-friendly learning experience within the Mantle ecosystem. Regarding Mantle’s market performance, its highest recorded price was $0.656937 on Dec 8, 2023, marking its all-time high. Meanwhile, the lowest since its all-time high was $0.543263 (cycle low). 

Subsequently, the highest price since the last cycle low stood at $0.648500 (cycle high). Current sentiment analysis suggests a bullish outlook for Mantle’s price prediction. In contrast, the Fear & Greed Index indicates a value of 73, signifying a level of greed within the market sentiment.

Moreover, the coin holds a circulating supply of 3.13 billion MNT out of a maximum supply of 6.22 billion MNT. Furthermore, Mantle holds the 12th position in the Ethereum (ERC20) Tokens sector and ranks 4th in the Layer 2 sector in market capitalization. 

See also  Pushd (PUSHD) e-commerce platform presale event takes huge Solana (SOL) & Dogecoin (DOGE) investment as 20x looks possible

Statistics for the coin include 16 green days in the last 30 days, accounting for 53% of positive trading days. This position is alongside trading activities near the all-time high and cycle high, indicating a favorable market position. Additionally, the project boasts high liquidity based on its market cap.

5. Cardano (ADA) 

Cardano reflects a notable upswing, with a 9.19% increase in price over the last 24 hours. Currently, 33.82 billion ADA tokens are in circulation out of 45.00 billion. Also, ADA ranks 3rd in the Proof-of-Stake Coins sector and 6th in the Layer 1 sector.

Over the past year, Cardano’s price has gone up by 157%, outperforming 67% of the top 100 cryptocurrencies. It has consistently traded above its 200-day average and has shown positive performance compared to its initial token sale price. Furthermore, 18 days have seen price increases, making up 60% in the last 30 days.

ADA Price Chart

Additionally, the sentiment around Cardano’s future price is optimistic, and the Fear & Greed Index stands at 73 (Greed). The cryptocurrency also maintains high liquidity based on its market capitalization. Cardano’s recent performance suggests significant growth, backed by positive market indicators and optimistic sentiment. Cardano stands out in the crypto space as the best crypto to buy now.

Read More

New Crypto Mining Platform – Bitcoin Minetrix

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

Bitcoin Minetrix


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



Source link

Share.

Related Posts

Add A Comment

Leave A Reply