Best Cryptocurrencies to Buy Now December 9 – Stack, Chainlink, Mantle

adminDecember 10, 2023

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Within recent developments cryptocurrency market, its total market capitalization reached $1.67 trillion, reflecting a slight increase of 2.34% over the past 24 hours. However, during the same period, the 24-hour cryptocurrency trading volume decreased by 12.17% to $204.32 billion.

Best Cryptocurrencies to Buy Now

The price of Bitcoin is $43,917, representing an increase of 1.50% in the last 24 hours. At the same time, Bitcoin dominance decreased slightly by 0.45% over the same period, remaining at 51.56%. These figures highlight the dynamic nature of the cryptocurrency market by showing both positive and negative movements in market capitalization, trading volume, and individual asset performance. Market participants should remain informed of these fluctuations as it helps them understand market trends and conditions.

1. STX

Last year, STX’s price rose 291%, surpassing 92% of the top 100 cryptocurrencies. It hit an all-time high of $3.31 on October 10, 2021, and a low of $0.044267 on March 13, 2020. Since its peak, Stacks has had a low cycle of $0.199932 and a high cycle of $1.297850.

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— stacks.btc (@Stacks) December 7, 2023

Currently, STX’s sentiment is optimistic with a fear and greed index of 73 (greed). Stacks has consistently traded above its 200-day simple moving average and has been trending positively, with 16 green days over the past 30 days. Therefore, this represents 53% of the observed period. This means that recent trading performance has been good.

STX price chart

Stacks also maintains high liquidity based on market capitalization. Additionally, with an annual supply inflation rate of 6.10%, 82.02 million STX tokens were created over the past year. Stacks ranks 15th in Ethereum (ERC20) tokens and 26th in Layer 1 by market capitalization.

2. BEAM

Beam recently partnered with Immutable and Polygon Labs to significantly expand its ecosystem. This is a step forward in product development. The alliance will initially focus on Sphere, integrating elements of the Beam SDK into the Immutable and Polygon ecosystems.

BEAM price chart

Over the past 30 days, Beam has been trending positively, boasting 22 green days and a notable 73% increase in value. The cryptocurrency peaked on December 7, 2023, reaching an all-time high of $0.017403. However, the lowest recorded price since ATH is $0.014455, which represents a cycle low. Currently, Beam’s price forecast sentiment is bullish, with a Fear and Greed Index score of 73, indicating that the market is in a state of greed.

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— Merit Circle (@MeritCircle_IO) December 6, 2023

According to supply metrics, the current circulating supply of Beam is 46.41 billion units out of a maximum supply of 62.75 billion units. This cryptocurrency ranks 3175th on Ethereum (ERC20) tokens and 502nd on Binance Smart Chain. It also ranked 311th in the games category and 152nd in the metaverse category. Located near cycle highs, Beam exhibits high liquidity based on market capitalization.

3. Chainlink (LINK)

Chainlink, a decentralized oracle network, has shown notable performance over the past year. Based on the latest data, an all-time high of $52.89 was observed on May 10, 2021, followed by a low of $4.88. The stock is currently hovering near its cycle high of $17.28. The Fear and Greed Index indicates a sentiment of 73, reflecting market conditions biased towards greed.

LINK price chart

This sentiment is consistent with the overall bullish outlook for Chainlink. Looking at the price movement, it recorded a significant increase of 146% compared to last year, surpassing 77% of the top 100 cryptocurrency assets. Technically, Chainlink is trading above its 200-day simple moving average, which is a positive sign for the price trend.

We are maintaining positive performance relative to the token sale price. Chainlink’s market position is noteworthy. It ranked first in the DeFi coin category and second in the Ethereum (ERC20) token category. The current circulating supply is 556.85 million LINK out of the maximum supply of 1 billion LINK.

that much #Chainlink The Staking v0.2 community pool is officially populated, with over 19 million additional LINKs staked in less than 7 hours since Early Access launched ⬡
Participate in the v0.2 release and raise 40,875,000… pic.twitter.com/SpbFR7b7lX
— Chainlink (@chainlink) December 7, 2023

Over the past year, the project has generated 48.85 million LINK, with an annual supply inflation rate of 9.62%. Despite this inflation, Chainlink maintains high liquidity thanks to its significant market capitalization.

4. Launchpad XYZ (LPX)

Launchpad XYZ is recognized for its efforts to transform investor decision-making in the Web 3.0 era. At its core is an advanced dashboard that provides users with comprehensive data. This helps users make informed choices in the dynamic world of cryptocurrency investments.

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Customize your trading view #LaunchpadXYZ For a personalized experience. 🖥️ #trading #Cryptocurrency #web3 #Ticketing pic.twitter.com/A7CsZWbKCD
— Launchpad.xyz (@launchpadlpx) December 7, 2023

To date, the project has successfully raised $2,143,319.44, with each token priced at $0.0445. LPX, the ecosystem’s native token, serves a dual purpose beyond reflecting the growth of the project. Users who have staked at least 10,000 LPX tokens can take advantage of premium features, including reduced trading fees, on Launchpad XYZ’s decentralized exchange.

utility LPX It expands further to provide stakers privileged access to new NFT releases at competitive prices and early entry into exclusive pre-sales. LPX holders can also enjoy discounts on products offered by Launchpad XYZ’s partner companies. Additionally, holding LPX tokens gives users early access to beta versions of Play-to-Earn (P2E) games. This allows them to closely track game development and make informed decisions about in-game cryptocurrency tokens.

5. Mantle (MNT)

Recently, MNT launched a liquid staking protocol on the Ethereum mainnet following a proposal discussed at the Mantle Governance Forum in July 2023. The protocol allows users to participate in network staking by depositing ETH through validator contracts. The resulting token, Mantle-staked Ether (mETH), represents the asset staked by the user.

The move marks an expansion of Mantle’s services based on layer 2 network deployments. The mainnet contract for Mantle’s Liquid Staking Protocol (LSP) entered a limited alpha phase in early October. We are taking broader steps to increase accessibility and participation.

However, notable concerns have been raised regarding asset centralization, especially with major exchanges such as Lido, Coinbase, and Binance heavily engaging in this practice. This trend raises questions about decentralizing equity assets within the Mantle ecosystem. On the market side, Mantle has shown a positive trend with 17 green days in the last 30 days, accounting for 57% of the observation period.

We’re also excited to announce a new segment, Ecosystem Voices, which will feature monthly insights from familiar Mantle team members!
🤝🏻 Find out what they have to say about current blockchain trends and Mantle’s progress: https://t.co/1lefXMUquD
— Mantle (@0xMantle) December 8, 2023

MNT is trading near all-time highs, indicating a bullish mood. Additionally, Mantle reached a highest price of $0.656937 on December 8, 2023 and the lowest price has not been recorded yet. The lowest price since the all-time high is $0.632229, representing a cycle low. After the last cycle low, the high reached $0.640725, marking a cycle high.

The Fear and Greed Index is at 73 (Greed), reinforcing this positive market sentiment. Mantle’s circulating supply is 3.13 billion MNT out of a maximum supply of 6.22 billion MNT. In market capitalization rankings, Mantle ranks 11th in the Ethereum (ERC20) token category and 3rd in Layer 2.