‘Best crypto to buy now’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.
Investors search the cryptocurrency market daily for tokens with the most investment potential. Insidebitcoins provides an answer by selecting top-performing tokens with potential. This article highlights the best cryptocurrencies to purchase, offering insights into standout assets, emerging trends, and factors to consider when choosing your investment approach.
Best Crypto to Buy Now
Render’s price has soared by 241% last year, surpassing 87% of the top 100 cryptocurrencies. Moreover, Klaytn has recently introduced Klaytn version 1.12.1, mainly focusing on resolving bugs. Furthermore, KuCoin Labs has teamed up with Coinweb to foster the expansion of the Web3 ecosystem.
1. Render (RNDR)
Render (RNDR) operates as a decentralized GPU rendering network. It uses the Ethereum blockchain to connect artists and studios needing GPU compute power with mining partners offering rental access to their GPU capabilities. Also, RNDR serves as an ERC-20 utility token within the network.
Artists use RNDR tokens to acquire GPU compute power from node operators (GPU providers). The platform uses a unique proof of render mechanism, a blend of manual and automatic processes, to ensure all artwork undergoes successful rendering before payment distribution and release.
Over the past year, the price of Render has surged by 241%, outperforming 87% of the top 100 crypto assets. Market sentiment leans bullish, as the Fear & Greed Index scoring 71 indicates greed among investors. Moreover, the token trades above its 200-day simple moving average, showing positive momentum.
Furthermore, Render holds a prominent position within the Ethereum (ERC20) Tokens sector, ranking #13, and ranks #3 in the AI Crypto sector. Its notable market cap reflects high liquidity, making it attractive for investors seeking exposure to this segment of the cryptocurrency market.
2. Klaytn (KLAY)
Klaytn is a Layer 1 public blockchain that aims to lead the charge in the emerging on-chain world. Since its launch in June 2019, it has focused on enhancing user experience and engaging developers. With its fast transaction speeds, reliability, and developer-friendly features, Klaytn aims to make blockchain adoption easier across various sectors.
In addition, Klaytn has recently unveiled Klaytn v1.12.1, which primarily addresses bug fixes. It also includes configuration adjustments for the Cypress mainnet hardfork block number. Notably, Klaytn v1.12.0 introduced a hardfork upgrade featuring changes that are not backward-compatible.
— Klaytn (@klaytn_official) February 1, 2024
Furthermore, Klaytn saw its best year in the crypto market in 2021, reaching an all-time high price of $4.38. Recently, its value has surged by 14.70% in just one week and by 14% over the past year. Plus, it currently trades above its 200-day simple moving average, indicating a positive market trend.
Moreover, Klaytn enjoys high liquidity due to its significant market capitalization and is listed on Binance. Analysts believe that with the ongoing bullish momentum, Klaytn could break free from bearish pressures and rally sooner than expected. However, investors should research before jumping into the volatile cryptocurrency market.
3. Stacks (STX)
Stacks recently announced its integration with Luganodes, a notable infrastructure provider. This integration comes as Stacks progresses toward the Nakamoto and sBTC upgrades. Luganodes will play a crucial role as a Signer for the Stacks layer, facilitating programmable Bitcoin via sBTC later this year.
Additionally, Luganodes will offer White Label solutions, potentially appealing to developers interested in building on the Stacks network. With impressive institutional expertise, Luganodes’ involvement is seen as a valuable addition to Stacks’ mission of innovating within the Bitcoin economy.
This means institutions can now easily earn native BTC rewards while supporting the network. 🟧 pic.twitter.com/dOHtMsTtwA
— stacks.btc (@Stacks) February 3, 2024
Furthermore, STX’s price rose by 3.98% in 24 hours. Sentiment analysis suggests a bullish outlook for Stacks, coinciding with a Fear & Greed Index reading of 71, indicating a state of greed among investors. Technically, STX is trading above its 200-day moving average, signaling an upward trend. Additionally, 18 out of the last 30 days have been positive for STX, showing a 60% success rate.
Moreover, Stacks’ long-term performance is impressive, with its token price soaring by 551% in the past year. This growth solidifies its appeal to investors. In sector rankings, STX holds #9 in Ethereum (ERC20) Tokens and #22 in the Layer 1 sector. Overall, the integration with Luganodes and robust market performance position Stacks as the best crypto to buy now.
4. Sponge V2 (SPONGEV2)
SPONGEV2 represents an upgraded version of the SPONGE meme coin, falling within the meme and ERC-20 token categories. The project’s main objective is to bolster its market presence by making strategic adjustments to its tokenomics while preserving the core features of its predecessor, SPONGE V1. Now that SPONGE V1 has been officially discontinued, the launch of V2 on the Polygon blockchain has commenced.
📣 Attention, #SPONGERS!
Learn more about the token details below 👇https://t.co/TCdxgXx40w
— $SPONGE (@spongeoneth) February 6, 2024
Furthermore, a new trading pool for V2 has been established at the same price as V1 before its discontinuation. In addition, this arrangement allows eager ‘Spongers’ to trade V2 tokens before the claim process begins. Moreover, any SPONGE tokens staked in the token’s designated pool will automatically transition to the new Polygon staking contract.
In summary, SPONGEV2 aims to provide improved opportunities for token holders while simplifying the transition from V1 to V2. The shift to the Polygon blockchain brings increased scalability and reduced transaction fees, which could enhance the overall user experience. The impact of these changes on the project’s performance and adoption in the cryptocurrency market remains to be observed.
5. KuCoin Token (KCS)
In a recent strategic move, KuCoin Labs has partnered with Coinweb to support the growth of the Web3 ecosystem. This collaboration is poised to create synergies that benefit emerging projects seeking to make their mark in the decentralized web space.
One of the key aspects of this partnership is the facilitation of streamlined processes for projects supported by Coinweb’s grant program. These projects will now enjoy expedited access to investment opportunities and incubation support from KuCoin Labs. Moreover, they will receive enhanced recommendations for listing on the KuCoin exchange, which could significantly boost their visibility and access to liquidity.
Analyzing the market, KuCoin Token shows positive signs, with a Fear & Greed Index at 71, indicating investor confidence. Last year, KCS demonstrated impressive growth, boasting a 23% price increase, outshining most cryptocurrencies within the top 100 tokens.
This collaboration offers emerging projects fast-track access to support & potential #KuCoin listings, driving Web3 innovation forward.
Dive into the details here. 🔗
— KuCoin (@kucoincom) February 9, 2024
In addition, the token trading activity consistently positions it above its 200-day Simple Moving Average (SMA). This indicates sustained upward momentum and resilience in the face of market fluctuations.
Presently trading at $10.2 on the KuCoin exchange, KuCoin Token holds a prominent position, ranking seventh in the Exchange Tokens sector and twenty-second in the Ethereum (ERC20) Tokens sector. Furthermore, the recent 3.95% increase in its price within the last 24 hours underscores its attractiveness to investors and traders alike.
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