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Last week, accelerated selling in the US markets caused a sharp decline in altcoins. Despite this, Bitcoin (BTC) remained stable around $54,000, creating a slight market recovery for some altcoins. Investors are now looking for the best crypto to buy nowhoping to capitalize on these minor rebounds.
Best Cryptocurrencies to Buy Now
Crypto All-Stars has garnered attention by raising over $1.25 million in its initial coin offering (ICO). Meanwhile, VeChain recently partnered with the UFC to grow its VeBetter ecosystem and promote sustainability. Additionally, Polkadot has shown resilience, posting positive performance compared to its initial sale price.
1. Polka dots (DOT)
Polkadot is known for its role in blockchain interoperability, addressing one of the biggest challenges in the crypto space: enabling different blockchains to communicate. This design makes Polkadot highly scalable and attractive for projects requiring cross-chain functionality.
As demand for communication between blockchains increases, Polkadot’s ability to enable seamless interaction between networks positions it well for future growth. As blockchains become more specialized, the need for platforms like Polkadot that can connect them is expected to increase.
The Polkadot ecosystem has recently seen a major development: Hyperbridge secured $2.5 million in seed funding. Hyperbridge aims to improve the way blockchains communicate by building on top of Polkadot’s infrastructure. A parachain slot in the network aims to provide a secure way for blockchains to work together, setting a new standard for decentralized finance (DeFi) and other blockchain applications.
Telegram’s self-custodial Polkadot wallet, Telenova, now supports 30 additional tokens!
These tokens can be sent to any Telegram username or blockchain address! No need to have an existing Telenova or Polkadot account to receive the tokens 📲
Get the details ⤵️
— Polkadot (@Polkadot) September 11, 2024
Currently, Polkadot is trading at $4.45, with strong support near $3.75. The coin has shown resilience, posting positive performance relative to its token sale price. In the last 30 days, DOT has seen 16 green days, representing a positive move of 53%.
Additionally, Polkadot has maintained high liquidity relative to its market cap and is actively traded on major exchanges, including Binance. Meanwhile, Polkadot’s strengths lie in its ability to provide a scalable and interconnected environment that simplifies communication between blockchains, an important factor driving its adoption across various blockchain-based projects.
2. Crypto All-Stars (STARS)
The stars of cryptography has gained attention after raising over $1.25 million in its initial coin offering (ICO). While its memetic value and 8-bit retro aesthetic appeal to a certain audience, its main appeal comes from its upcoming multi-token staking protocol. This development has the potential to set it apart in the meme coin space.
The “MemeVault” staking protocol is a key feature of the platform. It allows users to stake various popular meme coins and earn STARS tokens in return. By adding this utility, the project aims to provide more than just speculative value to meme coin holders, by offering investors a way to actively generate rewards.
Additionally, STARS promises competitive staking rewards, which could help keep investors interested in a market already known for its volatility. The team appears to be focused on catering to meme investors, giving them a platform to interact with their favorite assets while potentially enjoying additional profits.
To strengthen its credibility, The stars of cryptography has undergone audits by SolidProof and Coinsult. These independent assessments lend credibility to the platform, addressing potential concerns about security and reliability. These audits can help build confidence among current and potential investors for a project in a niche space like meme coins.
Visit the Crypto All-Stars Presale
3. Chiliz (CHZ)
Chiliz is the digital currency developed by a Malta-based FinTech company focused on the sports and entertainment sector. It powers the Socios.com platform, which uses blockchain technology to allow fans to participate in the decision-making process of their favorite sports teams through fan tokens.
This system allows sports clubs and organizations to build closer relationships with their fan base while generating additional revenue streams. Recently, CHZ has been showing signs of upward momentum. Confirmation of a support level at $0.044 suggests that it could soon reach a target price of $0.096.
Analysts believe that Chiliz could present buying opportunities in the medium to long term, especially if Bitcoin (BTC) remains stable and market conditions are favorable. Currently, the token is trading at $0.05385, with a daily increase of 1.63%. Over the past week, CHZ has increased by 11.13% and has had 16 positive trading days in the past month. This consistency demonstrates the resilience of the token in the current market environment.
ANY crypto on ANY chain to Chiliz on Chiliz Chain
Now available using @OnrampMoneyTHE EXCHANGE ✅
— Chiliz – The sports blockchain ⚽🏆 (@Chiliz) September 10, 2024
Additionally, Chiliz’s strong liquidity, backed by its market cap, is another positive factor. If the broader market continues to trend higher, CHZ could see further price gains. However, its performance remains closely tied to the overall cryptocurrency market, especially the movement of larger assets like Bitcoin.
4. NEAR Protocol (NEAR)
Recently, AI-related tokens have seen modest growth, coinciding with Nvidia’s stock price rally. AI-focused cryptocurrencies, in particular, have seen a 0.3% increase in the last 24 hours. According to CoinGecko, the total market cap of AI tokens is currently around $24 billion.
Among these assets, NEAR has seen a 0.22% increase in value over the past day and is trading at $4.27 at the time of writing. NEAR is a layer-1 blockchain that positions itself as a community-driven cloud computing platform. It aims to solve issues that have hampered competing blockchains, such as slow transaction speeds, low throughput, and limited interoperability.
This makes NEAR an attractive platform for developing and deploying decentralized applications, providing a more user-friendly environment for both users and developers. The NEAR protocol uses Nightshade’s scaling technology to improve efficiency and scalability.
Additionally, Nightshade’s sharding system splits blockchain data into smaller pieces, improving transaction processing without compromising security. In essence, NEAR functions as a distributed network, comparable to centralized but decentralized cloud systems. This design promotes both security and efficiency.
Meanwhile, NEAR Protocol is currently trading 168.36% above its 200-day simple moving average (SMA) of $1.60, suggesting strong bullish momentum. Its liquidity is relatively high, as indicated by its volume-to-market capitalization ratio of 0.0804. The project’s market capitalization is $4.82 billion, with a 24-hour trading volume of $387.52 million.
The 14-day RSI for NEAR is 40.43, which shows that the asset is currently in neutral territory. This suggests a period of consolidation with no clear direction, indicating that it could move sideways in the short term. According to CoinCodex, the NEAR protocol price is expected to reach $14.35 by October.
5. VeChain (VET)
VeChain has partnered with UFC to expand the VeBetter ecosystem and promote sustainability. This collaboration is part of VeChain’s mission to ensure long-term sustainability through decentralized technology.
The VeBetter ecosystem, developed with the support of the Boston Consulting Group (BCG), aims to encourage sustainable behaviors. It does this by using decentralized applications (dApps) that reward users with B3TR tokens. These tokens encourage users to engage in environmentally friendly actions. The collaboration with UFC emphasizes VeChain’s potential to create economic value while providing the technological basis for a circular economy.
In addition to its technological features, the ecosystem offers transparent tools to help businesses achieve the United Nations Sustainable Development Goals (SDGs). With UFC’s global reach, the partnership could introduce VeChain to a wider audience of over 900 million people.
It’s official: we are excited to announce the upgrade of our global partnership with the @ufcas we join forces to grow the VeBetter ecosystem.
Powered by incentive-based apps, VeBetter uses tokenization technology to transform real-world actions into value.
Our partnership… pic.twitter.com/QOgfb3q04E
— VeChain (@vechainofficial) September 13, 2024
On the market, the announcement caused a slight increase in the value of VET, which climbed by 1.99%, reaching $0.02272. However, despite this increase, VET continues to face resistance and is struggling to break out of its bearish trend. The cryptocurrency remains below the $0.023 threshold.
Technically, the 14-day Relative Strength Index is at 44.32, indicating a neutral trend. This suggests that VET could continue to move sideways in the near term. Furthermore, the partnership with UFC reinforces VeChain’s sustainability goals while increasing its global profile. This places VET among the best crypto to buy now.
Learn more
Most Wanted Cryptocurrency Launch – Pepe Unchained
- Level 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Staking Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ending Soon
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