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Best Cryptocurrencies to Buy Now December 12 – Flare, Optimism, VeChain

adminDecember 13, 2023

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Every day we review a few of our picks: Best Cryptocurrencies to Buy NowBased on the latest market trends, blockchain news and trend narratives.

The total value of all cryptocurrencies is now $1.6 trillion, down slightly -0.38% over the past day. Trading activity over the last 24 hours hit $248.42 billion, representing a slight increase of 0.94% in the cryptocurrency world.

Best Cryptocurrencies to Buy Now

The decentralized finance (DeFi) sector contributed $9.49 billion, or 11.97% of total market activity. Meanwhile, stablecoins accounted for the largest share, accounting for 91.92% of the total 24-hour cryptocurrency market trading volume at $72.85 billion.

Coin360 Cryptocurrency HeatmapCoin360 Cryptocurrency Heatmap

Currently, Bitcoin’s dominance is 51.87%, showing a slight decline of 0.58% during the day. This metric is critical to Bitcoin’s relative influence in the broader cryptocurrency landscape. These market dynamics highlight the growing importance of stablecoins dominating trading activity. The rise in DeFi scale further highlights the changing landscape of decentralized finance platforms.

1. VeChain (VET)

VeChain recently introduced a new frontend library specifically built to simplify decentralized application (DApp) development. This toolkit is a comprehensive solution with features that enhance the overall VeChain development experience. This release advances blockchain application development on the platform. We focus on developer support and provide tools that are accessible, versatile, and powerful.

VET price chartVET price chart

Over the past year, VeChain said its price has risen 57%, outperforming 56% of the top 100 cryptocurrency assets. Additionally, VeChain is currently trading above its 200-day simple moving average, which indicates a level of stability in market performance.

Considering market indicators, the sentiment on VeChain’s price prediction is bullish with a Fear and Greed Index of 67 (Greed). The project maintains a circulating supply of 72.71 billion VET, out of a peak collection of 86.71 billion VET.

The statistics also include 17 green days in the past 30 days, making up a positive trend of 57%. In the Layer 1 sector, VET ranks 24th by market capitalization. The project is currently trading near cycle highs, and its high liquidity by market capitalization adds to its profile as a well-positioned asset.

2. Oasis Network (ROSE)

Oasis Network recently announced expanded support for Ocean Protocol’s Predictoor Data Farming (DF) incentive program. The extension runs until January 4, 2023. The program aims to accelerate the growth and development of the Predictoor data market.

Therefore, we will offer a reward pool in excess of USD 110,000 to users who provide AI-based predictions. As part of this initiative, the Oasis Protocol Foundation has allocated 400,000 ROSE to the Ocean Data Farming Incentive Program. Participants, called “forecasters,” provide predictions in a predictor contract and are rewarded based on the accuracy of their predictions.

rose price chartrose price chart

This news is consistent with an upward trend for ROSE, which is trading above its 200-day simple moving average. It has experienced 15 green days (50%) in the last 30 days and shows high liquidity based on market capitalization.

Additionally, the circulating volume of ROSE reaches 6.71 billion out of the maximum issued volume of 10 billion. In particular, the annual supply inflation rate was 17.25%, creating 987.88 million ROSE last year.

Oasis Network ranks 16th in Proof-of-Stake coins and 5th in AI cryptocurrencies. Over the past year, the project has seen its price rise by 88%, outperforming 63% of the top 100 cryptocurrency assets during this period.

3. Flare (FLR)

Flare recently onboarded a key infrastructure provider that will act as a validator and data provider to the underlying oracle. These include Ankr, Figment, Restake, and NorthStake. This strategic move positions Flare as the first innovative contracting platform where institutional validators play a dual role. As such, it contributes to validation and distributed data feeds for network builders.

FLR price chartFLR price chart

Flare aims to provide developers with fully decentralized access to a wide range of large-scale data at minimal cost. This initiative is designed to enhance the platform’s capabilities and create a strong ecosystem for developers.

This collaboration has been positively welcomed by the community. The circulating supply of Flare is 14.75 billion FLR. Over the past 30 days, the platform has seen 16 consecutive days of positive performance, recording a significant 53% increase. FLR’s liquidity, as indicated by its market capitalization, is noteworthy.

Currently, the sentiment around Flare’s price prediction is bullish, which reflects the market’s optimism. The Fear & Greed Index is 67, indicating the greed of market participants.

4. Meme Combat (MK)

combat memes It has had a huge impact on the cryptocurrency scene, making it a notable advancement among the best cryptocurrencies available for purchase today. An ongoing pre-sale has garnered early interest in the project, raising $2,853,645.49 of the $3,500,000.00 goal. In particular, MK stands out as a gaming platform designed for enthusiasts.

The project combines staking and betting, providing users with a variety of opportunities to participate in the platform and earn rewards. Currently, 50% of the MK token supply is pre-sold at a rate of $0.235 per token, capped at $10 million. A noteworthy detail is that the price increases to $0.246 in just two days.

furthermore, combat memes We have strategic plans to list our tokens on decentralized exchanges. To facilitate faster trading, the project has allocated 10% of its total supply to provide liquidity. As outlined in the Meme Kombat whitepaper, this strategy highlights the project’s commitment to enabling decentralized trading of MK tokens.

5. Optimism (OP)

Optimism shows several important indicators that make it the best cryptocurrency to buy right now. It is currently ranked 7th in the Layer 2 category, showing notable promising signs. Over the past year, the price of this cryptocurrency has risen 132%, outperforming 72% of the other top 100 cryptocurrencies.

In addition, operating profit hit a high of $3.26 on February 24, 2023, and a low of $0.401121 on June 18, 2022. The lowest price that fell after the all-time high was $0.896377 (cycle low), which is the highest price since then. It was $2.50 (cycle high). Currently, sentiment regarding Optimism’s future price is positive, with a Fear and Greed Index of 67.

ON price chart ON price chart

Therefore, this indicates the state of greed in the market. Of the maximum supply of 4.29 billion OP, distribution OP is 214.75 million OP. Technically, optimism is trading above the 200-day simple moving average, which is a good sign of a positive trend. Additionally, liquidity is high compared to market capitalization.

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adminDecember 13, 2023

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