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Best Crypto to Buy Now February 7 – Kaspa, Tezos, Chainlink

5 Mins read

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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.

This article highlights coins that have stood out amid price swings, attracted heightened investor interest, or demonstrated significant development efforts. These selections offer promising investment opportunities in the market, indicating potential growth and value appreciation for investors.

Best Crypto to Buy Now

Kaspa recently collaborated with CryptoWallet.com, expanding its reach. Furthermore, Bittensor surged impressively by 90% in just two weeks, making notable strides in the crypto market. Chainlink (LINK) gains traction, highlighted by a transfer of 800,000 LINK tokens from Bybit exchange to an undisclosed wallet, attracting investor and analyst interest.

1. Kaspa (KAS)

Kaspa recently announced its partnership with CryptoWallet.com, bringing KAS onto the platform. This integration allows users to do everything from buying and selling to storing, swapping, and spending cryptocurrency, all in one place. 

This makes it easier for KAS holders to manage their digital assets. Furthermore, KAS has seen a 6.59% price increase, adding to its impressive performance last year, skyrocketing by 1,372%. The token further surpassed 99% of other top 100 crypto assets simultaneously.

KAS Price Chart

Despite predictions suggesting a downward trend, the Fear & Greed Index for KAS is 62, indicating investors lean towards greed. Additionally, KAS is trading above its 200-day simple moving average, suggesting positive momentum in the market. In addition, KAS holds strong positions, ranking 6th in the Proof-of-Work Coins sector and 21st in the Layer 1 sector.

In summary, recent developments and impressive performance metrics position Kaspa Coin as an attractive option for investors looking to dip their toes into the crypto market. However, as with any investment, investors must conduct thorough research and understand the risks.

2. Tezos (XTZ)

The Tezos blockchain experienced significant growth last year, with nearly one million new users joining the platform. The total number of transactions on Tezos surpassed 50 million, indicating a strong adoption rate. Tezos distinguishes itself as a blockchain network built on smart contracts.

XTZ Price Chart

Furthermore, the platform aims to provide advanced infrastructure that can evolve and improve without hard forks. Investors engaging with the platform can participate in its governance through “baking,” where they stake 8,000 XTZ tokens. 

Moreover, this mechanism gives stakeholders a say in the network’s development and decision-making processes. Major crypto exchanges such as Binance and Coinbase have introduced support for Tezos staking, enabling users to earn rewards based on the amount of XTZ they hold. At the time of reporting, the value of Tezos (XTZ) stands at $0.9683, showing an increase of 0.47% over the past week. 

Despite a bearish sentiment in Tezos price predictions, the Fear & Greed Index for the coin currently registers 62, indicating a level of greed among investors. In addition, XTZ is trading above its 200-day simple moving average, suggesting a positive trend in its price movement. Additionally, the coin has traded positively, 50% of the last 30 days.

3. Bittensor (TAO)

Bittensor, a blockchain-based machine learning protocol, has made significant waves in the crypto market. The TAO token, native to the Bittensor ecosystem, has experienced a remarkable surge, soaring by over 90% in 2 weeks. This surge can be linked to the protocol’s exceptional development pace and increased active user accounts, which now tally close to 70,000. 

Furthermore, Bittensor allows developers to aggregate their AI models into a collective intelligence network. It fosters healthy competition and rewards top performers accordingly. This incentive structure has created diverse subnets within the Bittensor ecosystem, each catering to specific machine-learning use cases. 

TAO Price Chart

One of the key drivers behind Bittensor’s recent surge is the proposal for a significant network upgrade dubbed Dynamic TAO. This upgrade aims to enhance the protocol’s capabilities and further bolster its attractiveness to investors and developers. 

As a result, the sentiment surrounding the TAO token remains bullish, with the Fear & Greed Index indicating a score of 62, signifying a prevailing sense of greed among market participants. Furthermore, the token is trading above its 200-day simple moving average. It further experienced 17 green days out of the last 30, indicating a solid upward trend.

4. Chainlink (LINK)

A substantial transaction involving Chainlink (LINK) has recently drawn the attention of both investors and analysts. According to Whale Alert, an impressive 800,000 LINK tokens were transferred from the Bybit exchange to an unidentified wallet. The tokens were valued at around $14.7 million.

LINK Price Chart

This transaction signals significant activity from a large investor, hinting at a potential shift in market dynamics and investor sentiment toward Chainlink. As of the latest update, the price of LINK is $18.31, showing a modest decline of 1.97% over the past 24 hours. Chainlink has demonstrated notable resilience and growth despite this short-term dip, posting a 35.14% increase over the last 30 days.

Furthermore, Chainlink has outperformed 84% of the top 100 crypto assets last year. Moreover, the tokent has shown positive performance compared to its initial token sale price. Chainlink stands out as one of the pioneering networks facilitating the integration of off-chain data into smart contracts. This feature has attracted the interest of trusted data providers such as Brave New Coin, Alpha Vantage, and Huobi.

In addition, regarding Chainlink’s next moves, the prevailing sentiment remains optimistic, with many observers eyeing the $21 mark as the next significant target for LINK’s price.

5. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix is emerging as a notable project aiming to democratize Bitcoin mining through an innovative approach known as stake-to-mine. This mechanism allows investors to participate by purchasing $BTCMTX tokens and staking them on the Bitcoin Minetrix platform. In return, investors receive non-transferable ERC20 token credits, which they can utilize to access Bitcoin cloud mining services.

In addition, the project aims to raise $11,211,244 through its token presale. However, there’s a two-day window before the next price increase. Furthermore, Bitcoin Minetrix is currently in Stage 24, with only three days left until this stage ends.

Out of the total token supply of 4 billion, 42.5% of the tokens sold during the presale will be allocated to fund Bitcoin mining operations. The remaining proceeds will focus on staking rewards, marketing, and community initiatives.

Furthermore, the ongoing presale for Bitcoin Minetrix has sparked significant interest, with a total capital raised of $10,393,422. Bitcoin Minetrix‘s approach represents a novel attempt to make Bitcoin mining accessible to a broader audience. By leveraging stake-to-mine, the project aims to lower the barriers to entry associated with traditional mining setups. However, investors should conduct thorough due diligence and consider the risks before participating in such ventures.

Visit Bitcoin Minetrix Presale.

In the wider crypto market, Several high-ranking executives from South Korean blockchain projects have been apprehended on charges of embezzling approximately $828 million of digital assets.

Read More

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