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The cryptocurrency market is seeing a notable shift as altcoins gain prominence. The Altcoin Season Index, currently at 76, reflects strong performance of altcoins relative to Bitcoin. This shift suggests that investors are increasingly diversifying into altcoins, seeking opportunities beyond Bitcoin’s market dominance.
Market analysts have identified $550 billion as a key resistance level for the altcoin market capitalization. Crossing this threshold could allow continued growth, but sustained momentum will be required to overcome this obstacle. Current market conditions highlight the growing interest in altcoins and their earning potential. Thus, investors look for the best crypto to buy right now.
Best Crypto to Buy Right Now
The Graph recently revealed a notable collaboration with MANTRA, aimed at improving data indexing and querying capabilities for developers. Meanwhile, SLAP gained attention in the crypto market following a remarkable 260% price surge.
1. The chart (GRT)
The Graph (GRT) recently announced a significant partnership with MANTRA, allowing developers to use subgraphs powered by Substreams for more efficient indexing and data querying. This collaboration aims to unlock the potential of decentralized data on MANTRA, expanding opportunities for developers to create reliable and performant decentralized applications (dApps).
By supporting the MANTRA channel, The Graph reinforces its commitment to decentralized access to Web3 data. Integrating MANTRA interoperability with the power of subflows and subgraphs provides developers with the tools needed to build advanced applications while ensuring robust indexing capabilities.
Pre-approved on @CoinMarketCap!
Hit that bull vote and show them the power of the Pepu community! pic.twitter.com/a0QQSXlyAq
– Pepe Unchained (@pepe_unchained) December 7, 2024
Currently, The Graph token is priced at $0.267113, with a 24-hour trading volume of $529.92 million. Its market capitalization is $2.55 billion, representing a market dominance of 0.07%. Although the price declined by 9.16% over the past 24 hours, the token posted a gain of 46.11% over the past 30 days, reflecting an overall bullish sentiment.
On the technical side, The Graph is trading 30.53% above its 200-day simple moving average of $0.203354, indicating a long-term positive trend. Additionally, 19 of the last 30 days have been green, further highlighting the strength of its market. With strong liquidity and a Fear & Greed Index score of 78, GRT appears well positioned to attract continued interest, thanks to its recent advances and strategic partnerships.
2. Celestia (TIA)
Celestia (TIA) is a pioneering modular blockchain network that simplifies the deployment of custom blockchains. By reinventing blockchain design, Celestia aims to improve scalability and efficiency. Its core innovation is to serve as a data availability layer for rollups and Layer 2 solutions, facilitating improved performance and adaptability.
The network uses data availability sampling to ensure that data remains accessible without adding execution or settlement constraints. This design allows developers to create specialized execution and settlement environments, expanding the possibilities for decentralized applications and blockchain use cases.
Currently, Celestia’s price is $6.70, with a 24-hour trading volume of $1.82 billion and a market cap of $2.97 billion. The token holds a market dominance of 0.08%. Over the past 24 hours, TIA saw a 14.28% price drop, although its trading activity indicates high liquidity, supported by a 24-hour volume-to-market cap ratio of 0.6137.
Celestia demonstrated moderate market performance, with 15 green days in the last 30 days, equivalent to 50% of the period. At the same time, forecasts suggest a potential price increase of 228.25%, reaching $22.35 by January. This forecast reflects positive sentiment and the growth potential of the project.
3. Cat Slap (SLAP)
cat snap (SLAP) has attracted notable attention in the cryptocurrency market after surging 260% over the weekend. The increase came after announcing its listing on MEXC, the 10th largest cryptocurrency exchange by trading volume. Since its launch on November 21 at $0.000118, SLAP has demonstrated strong bullish momentum.
The project also introduced additional incentives to maintain engagement. A $100,000 prize pool will accompany the launch of a winnable mini-game, broadening its appeal to a wider audience. Additionally, Catslap hinted at another major update in nine days, which is expected to involve a listing on another centralized Tier 1 exchange, which could further strengthen its position.
Following its listing in Mexico, SLAP reached a new all-time high of $0.0101, supported by trading volume that increased from $1.3 million to $8 million in Mexico and on decentralized exchanges. The token is now ranked among the top 10 hot pairs on DEXTools and is a popular choice for trading on MetaMask, reflecting its growing popularity.
Currently trading at $0.005961, $SLAP is up 30.24% over the past month despite slight daily fluctuations. While continuing to establish itself in the meme coin category, its early performance, strategic announcements and active development indicate potential. Investors can find SLAP worth watching as one of the best crypto to buy in the competitive market right now.
Visit the CatSlap website
4. Worldcoin (WLD)
Worldcoin is an innovative project aimed at establishing the largest global identity and financial network. Unlike most cryptocurrency initiatives, it focuses on large-scale distribution, awarding most of its tokens to individuals simply to prove their human identity. This approach aligns with its broader goal of achieving mass adoption globally.
The WLD token functions as a utility asset with governance features, allowing users to participate in decisions regarding the future of the protocol. Currently, the Worldcoin price is $2.69, reflecting a significant decline of 21.20% over the past 24 hours. However, over the past month, it has seen an increase of 23.32%, indicating periods of strong performance during this period.
Mini apps on World App currently see approximately 3.8 million opens and 6.7 million impressions per day, as well as 3.4 million World ID verifications each week. pic.twitter.com/cVhlcP73hq
– World (@worldcoin) December 5, 2024
At the same time, market indicators suggest a mixed outlook. The cryptocurrency has seen 17 positive trading days in the last 30 days, which translates to a success rate of 57%. Its 24-hour volume to market cap ratio stands at 1.4219, indicating relatively high liquidity relative to its market cap.
Additionally, the 14-day Relative Strength Index of 58.18 suggests a neutral trend, implying potential for sideways movement in the near term. Projections suggest that WLD could trade between $3.01 and $7.68 by the end of the year, potentially reaching an average price of $4.79.
5. Sei (SEI)
Sei is priced at $0.5318, reflecting an increase of 11.43% over the past month. This upward trend aligns with its neutral price forecast sentiment, suggesting neither strong bullish nor bearish expectations in the near term. Nonetheless, the Fear & Greed Index shows “Extreme Greed” with a score of 78, implying increased investor enthusiasm, which could influence market dynamics.
Over the past 30 days, Sei has experienced 16 green days, or 53% of the period, showing moderate positive performance. The cryptocurrency also demonstrates a solid 24-hour volume-to-market cap ratio of 0.6239, signifying relatively high trading activity relative to its market cap. This highlights the strong liquidity and market position of the token.
New milestone unlocked:
Sei hits an ATH in daily active users 🏆
This is what a growing ecosystem looks like. pic.twitter.com/J1DqJyuFIL
—Sei 🔴💨 (@SeiNetwork) December 4, 2024
On the technical side, Sei’s 14-day relative strength index (RSI) is currently at 48.79. This indicates a neutral position, suggesting that the cryptocurrency can continue to trade sideways without immediate directional bias. The neutral RSI aligns with the overall stable sentiment, as it remains near the midpoint of the indicator’s range.
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