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Last week, investor interest in Bitcoin and some altcoins increased significantly, with optimism over the US election fueling a substantial $2.2 billion inflow into crypto asset investment products. Historically, US elections have had an impact on the cryptocurrency market, and this trend appears to continue this year.
Bitcoin took the lead, capturing the entire $2.2 billion and even sparking interest in short Bitcoin products, which received $8.9 million in investments. This demand likely reflects investor confidence in a potential market recovery while also attracting short-term traders looking to take advantage of current sentiment. Beyond Bitcoin, some altcoins have attracted investor attention, suggesting growing interest in innovative projects. Therefore, many investors are exploring best crypto to buy right now, looking for assets with high return potential soon.
Best Crypto to Buy Right Now
Polkadot has seen an increase in governance activities alongside the growth of decentralized autonomous organizations. Meanwhile, STARS is attracting attention as it surpasses the $3 million mark, positioning itself in the coin industry. Additionally, Sei’s collaboration with CARV highlights a strategic step in Web3 game development.
1. Polka dot (POINT)
Polkadot is attracting attention as a versatile layer-zero blockchain designed to solve fundamental problems such as scalability, interoperability and governance. Its architecture allows for parallel processing, which can improve performance, and the platform’s community-driven governance structure reflects a commitment to decentralization.
Additionally, Polkadot has recently seen an increase in governance activity and has witnessed growth in decentralized autonomous organizations (DAOs) throughout 2023 and 2024. Currently, the token is priced at $3.86 , reflecting a daily increase of 1.71%.
More than 32 million transactions in October 📊
👀 Discover @dotlake_xyzPolkadot on-chain data.
TLDR: Last month, Polkadot saw an increase in unique wallets, executed over 32 million additional txns, and expanded its validator set to 500 for greater decentralization.
The numbers 👇
– Polka Dot (@Polkadot) November 4, 2024
Key indicators include a market capitalization of $5.84 billion, up 1.76%, and 24-hour trading volume of $117.36 million, up 1.04%. Despite bearish sentiment in price forecasts, the Fear & Greed Index indicates “greed” sentiment with a score of 69, suggesting increased investor interest.
Polkadot is performing favorably relative to its initial sale price, with positive ROI in USD, BTC, and ETH. High liquidity relative to its market capitalization adds stability. Additionally, the 14-day relative strength index (RSI) stands at 55.13, indicating a neutral position, suggesting that the price may hold steady soon.
2. Batteries (STX)
The recent Nakamoto upgrade marks a significant milestone for the STX token, introducing key advancements in transaction processing. This Layer 2 improvement allows Stacks to operate more independently of Bitcoin’s block production, enabling faster transaction speeds. With this upgrade, transactions on the Stacks network are processed in seconds, reflecting improved efficiency.
An important aspect of the upgrade is the launch of “sBTC”, a new token aimed at creating a seamless bridge between Bitcoin and the Stacks ecosystem. This feature could enhance STX’s appeal by increasing its utility and integration with the broader Bitcoin network.
The Stacks ecosystem works based on the Bitcoin philosophy, decentralized 🟧
With the Stacks Asia Foundation ( @StacksAsiaOrg ) and Bitcoin L2 Labs, two major new entities were announced last month, helping to accelerate the development of Stacks. pic.twitter.com/FAQiVsI9Ud
– stacks.btc (@Stacks) November 3, 2024
Currently, STX is trading at $1.52, with a recent price increase of 6.29% in the last 24 hours. Notably, the token remains well above its 200-day simple moving average (SMA) of $0.97, trading 58.38% higher than this long-term indicator. This trend, combined with the high liquidity of the token, suggests a relatively strong position in the market.
Furthermore, Coincodex forecasts suggest a potential price increase of 9.84%, projecting a value of around $1.68 by December. If STX maintains its current momentum and breaks through key resistance levels, the Nakamoto upgrade could support continued growth in the coming weeks.
3. MultiverseX (EGLD)
MultiversX is a blockchain protocol designed to achieve horizontal scalability through complete partitioning of its network, transactions, and state. The project positions itself as a technology ecosystem supporting the “new Internet,” with applications in decentralized finance (DeFi), real-world assets, and the metaverse.
Its smart contract platform reportedly processes up to 100,000 transactions per second, with an average transaction cost of $0.002 and latency of around six seconds. Currently, the MultiverseX token is trading at $23.41, reflecting an intraday gain of 5.27%. The token’s market capitalization is $644.41 million, an increase of 5.28%.
Meanwhile, the 24-hour trading volume stood at $18.71 million, up 6.11%. The token has shown positive performance from its initial sale price and is trading near its cycle high, highlighting its high liquidity and demand based on its market capitalization. From a technical perspective, the token’s 14-day relative strength index (RSI) is at 60.87, suggesting a neutral outlook and short-term sideways trading potential.
Additionally, MultiverseX price is currently 0.51% below its recent high and 8.43% above the cycle low, indicating stability within this range. MultiversX shows promising attributes in terms of features and market performance, although its RSI suggests a potential consolidation phase.
4. Crypto All Stars (STAR)
Crypto all stars has shown resilience and continued interest despite recent market fluctuations. With its presale surpassing the $3 million mark, the project is gaining considerable attention as a potential addition to the coin industry.
Currently, STARS tokens are available at the presale price of $0.0015432, which provides an accessible entry point for interested individuals. Crypto All Stars brings a handy utility that other meme coins often lack. Its platform allows users to earn passive rewards through staking, with $STARS tokens required for access. Additionally, holders with larger STARS balances can potentially earn higher rewards, adding incentive to accumulate the token.
The platform supports staking of popular meme coins including Dogecoin, Shiba Inu, Pepe, Floki, and Bonk, and plans to add more as the market evolves. This flexibility can attract coin investors and drive demand for STARS.
Those who participate in the presale can stake their STARS tokens for an annual percentage yield (APY) currently at 513%. However, the APY is expected to decrease as more investors participate. This feature can attract coin investors looking for diversified profit opportunities within the industry.
To build trust, Crypto all stars has been the subject of audits by two independent firms, SolidProof and Coinsult. These audits provide additional security assurance, helping the project attract cautious investors.
Visit the Crypto All Stars Presale
5. Sei (SEI)
Sei’s recent collaboration with CARV marks a strategic step in the advancement of Web3 gaming. CARV supports over 40 studios on the Sei platform, and this partnership aims to drive user engagement and enable seamless integration between different games.
Known for its high-throughput parallel blockchain capabilities, Sei merges the familiar development framework of Ethereum with the performance efficiency of Solana. The release of Sei V2, featuring a parallelized EVM, represents a significant step forward, providing developers with a scalable, Ethereum-compatible environment with faster speeds than Solana.
As a layer 1 blockchain, Sei combines the development standards of Ethereum with the high throughput of Solana, creating an attractive option for developers wanting to leverage both ecosystems. This V2 update positions Sei as a new approach to scaling within the Ethereum network, facilitating rapid transaction processing for Web3 games.
.@carv_official powers 40 studios on Sei, driving the future of Web3 gaming with unparalleled reach, engagement and multi-game integration.
More details 👇
—Sei 🔴💨 (@SeiNetwork) November 1, 2024
Regarding market performance, the Sei token has shown resilience. Its price is currently $0.3601 and increased by 4.89% in intraday trading. Its 24-hour volume to market cap ratio is 0.1803, indicating the strength of liquidity relative to its market cap.
The 14-day relative strength index (RSI) stands at 48.79, suggesting a neutral position and potential for sideways trading. According to Coincodex, Sei’s price is expected to rise by 228.79%, potentially reaching $1.152554 next month.
Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
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