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Bitcoin-focused exchange-traded funds (ETFs) saw record inflows of $6.2 billion in November. The rise was partially attributed to former President Donald Trump’s pro-crypto stance, which boosted investor optimism. Market sentiment has also shifted with expectations of a regulatory overhaul as SEC Chairman Gary Gensler prepares to resign, potentially opening the door to more crypto-friendly policies.
Institutional investors have played a significant role in the growth of ETFs, with holdings approaching the equivalent of a million Bitcoins. This growth reflects growing confidence in the cryptocurrency market, which coincides with the price action of Bitcoin. The overall crypto market benefited from this momentum, with several coins also posting gains. This article highlights some of the best crypto to invest in right now.
Best Crypto to Invest in Right Now
Mina has partnered with SingularityNET to advance decentralized artificial general intelligence (AGI), focusing on strengthening data security and ensuring user privacy. Meanwhile, Flow has shown encouraging market trends, reflecting growing interest in the platform. Currently, Neo is priced at $15.65, up 3.62% in the last 24 hours.
1. Mina (MINA)
Mina and SingularityNET have partnered to improve decentralized artificial general intelligence (AGI), with a focus on data security and privacy. SingularityNET, known for its decentralized AI platform, plans to combine its AI infrastructure with Mina Protocol’s zero-knowledge technology. This collaboration aims to create AI-powered decision-making systems for decentralized governance while ensuring robust privacy measures.
Zero-knowledge technology allows Mina to verify and process data without revealing it. By integrating this capability into SingularityNET’s AI systems, the two organizations aim to develop more secure and privacy-friendly AI applications. The partnership also involves joint funding initiatives through programs such as Deep Funding and Navigators, designed to help developers create interoperable AI models across blockchain platforms.
Following this announcement, MINA’s value saw a notable rise, trading at $0.8487, reflecting a 10.39% increase in one day. It is currently performing above its 200-day simple moving average (SMA) of $0.616387, with room to grow 37.57% above the SMA. Market sentiment for M remains positive, with indicators like the Fear & Greed Index showing extreme greed at 84.
Additionally, the token has seen 17 green trading days in the last 30 days. Its high liquidity and recent performance place it close to its highest cycle. This partnership demonstrates efforts to address the challenges of AI and blockchain, focusing on secure and privacy-preserving technology while promoting innovative applications.
2. Neo (NEO)
Neo is a blockchain platform aimed at creating the foundations of a new Internet economy. It focuses on integrating payments, identities and digital assets into a unified ecosystem. As China’s first public blockchain, Neo aims to support dApps and smart contracts while reducing barriers for developers. The project’s EcoBoost initiative actively encourages construction within its network.
At the time of writing, Neo’s price is $15.65, reflecting a 3.62% increase in the last 24 hours. Market sentiment appears optimistic, supported by a Fear & Greed Index score of 84, indicating extreme greed. Additionally, NEO is performing strongly against its long-term trend, trading 35.93% above its 200-day simple moving average of $11.50.
We are honored to have @Red4Sec as a partner of the Neo X Grind Hackathon! 👏
Submit your project now to compete for $70,000 in prizes and $22 million in grants and investments!
– Neo Smart Economy (@Neo_Blockchain) November 29, 2024
Its 24-hour volume-to-market cap ratio of 0.1708 shows significant liquidity. Neo is expected to maintain steady growth, with forecasts suggesting it will trade between $15.64 and $17.29 by the end of the year. This projection represents a potential profit of 10.19% for investors if the December average price reaches $16.44.
The platform’s focus on innovation and its developer-friendly approach align with its goal of driving a decentralized economy. These efforts, alongside its current performance in the market, contribute to its position as one of the best crypto to invest in right now.
3. Flow (FLOW)
Flow is a blockchain designed to support consumer-focused applications and digital assets. It runs on a Proof of Stake consensus mechanism and uses a unique “multi-role” architecture to address scalability, efficiency and cost challenges.
This structure allows Flow to handle high activity levels while keeping operational costs low, making it suitable for large-scale applications. Additionally, Flow’s current market performance reflects positive trends. It is priced at $0.972288, with a 24-hour trading volume of $250.84 million and a market cap of $1.50 billion, representing a market dominance of 0.04%.
The price increased by 6.12% over the past day, signaling strong short-term momentum. The Fear & Greed Index, showing a value of 84 (Extreme Greed), suggests investor optimism.
On Flow, purchasing digital items is as easy as any other online purchase.
Sell digital goods? Customers can use a credit card or Apple Pay for purchases.
Create apps? Get started quickly and seamlessly on Flow with @payTweed. ⤵️ pic.twitter.com/EuadcxuQvQ
– Flow (🎁+🔑) (@flow_blockchain) November 29, 2024
Meanwhile, FLOW token price is trading 46.07% above its 200-day simple moving average (SMA) of $0.662443, indicating a sustained uptrend. The network also recorded 15 positive trading days in the last 30 days, highlighting its consistent performance. Its high liquidity relative to market capitalization adds to its attractiveness for active trading.
4. ApeCoin (APE)
ApeCoin is trading at $1.41, reflecting a 2.11% increase over the past 24 hours. Its market capitalization is approximately $1.06 billion, which represents 0.03% of the overall cryptocurrency market. The 24-hour trading volume is $292.72 million, indicating a healthy level of activity relative to its size.
The trading volume to market capitalization ratio of 0.28 suggests good liquidity, allowing users to more easily trade the asset without significant impact on prices.
ApeCoin is trading well above its 200-day simple moving average (SMA), currently at $1.03. Being 36.66% above this benchmark indicates that the token has performed strongly over the long term. The 14-day relative strength index (RSI) stands at 58.05, suggesting a neutral outlook. This metric indicates that the token is neither overbought nor oversold, meaning its price could move sideways soon.
Market sentiment for ApeCoin is categorized as bullish, while the Fear & Greed Index, a tool that measures investor emotions, checks in at 84, indicating “Extreme Greed.” This high number may reflect strong interest, but also signal increased risks if market optimism cools.
5. Cat Slap (SLAP)
cat snap is a meme-inspired cryptocurrency built around the humor of cat slapping memes, reflecting the feisty personality of cats. It entered the growing coin market with a unique chat theme, recently launched on decentralized exchange Uniswap. After its debut, the project gained traction, reaching a market capitalization of $10.3 million and a liquidity pool exceeding $1.9 million.
A key feature of Catslap is its integration with Best Wallet, a new cryptocurrency wallet. This partnership allows users to purchase the $SLAP token directly through the app, bypassing the usual steps required on decentralized exchanges. This integration aims to make purchasing the token easier, especially for those who are unfamiliar with complex crypto platforms.
Catslap tokenomics, nicknamed “Slaponomics,” dedicates 10% of its token allocation to community rewards. This structure encourages user engagement and participation in the project ecosystem. By rewarding its community, the project aims to build a loyal and active base of users interacting with the game and the token.
The project was positioned as a playful but structured addition to the even corner space. SLAPThe combination of innovative wallet integration and a community-driven reward system reflects its goal of attracting market participants.
Visit the Catslap website
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