Best Cryptocurrencies to Buy Now December 22 – Dogecoin, Tezos, Mantle

adminDecember 23, 2023

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find Best Cryptocurrencies to Buy Now, it’s a never-ending task, with dozens of tokens being launched every day on CEX and DEX platforms.

The best cryptocurrencies to buy now is a topic that continues to capture the attention of investors in the market. Today, tokens like Dogecoin, Tezos, and Mantle are capturing market attention for unique reasons. These properties make it an attractive choice for investment within the current cryptocurrency landscape.

Best Cryptocurrencies to Buy Now

As cryptocurrency investing rapidly becomes mainstream, finding the best cryptocurrency among countless options and volatile price fluctuations can be challenging. today cryptocurrency market It recorded a 3% surge, reflecting a strong trend. Bitcoin is leading the way, trading above $44,000 and eyeing a breakout above the monthly high of $44,700 hit on December 8.

Cryptocurrency Heatmap

The overall cryptocurrency market cap is currently at $1.66 trillion, per CoinMarketCap data, and is gaining momentum. BlackRock, the world’s largest asset manager, has significantly updated its proposed Bitcoin spot ETF to meet regulatory requirements. In particular, the revised S-1 filing demonstrates a shift from the initially preferred in-kind redemption mechanism to providing investors with the flexibility to generate and redeem cash.

In this strategic move, BlackRock abandons in-kind redemptions and adapts to SEC demands. The modified approach involves converting cryptocurrency assets into cash when returning shares to investors. This is a pivotal development as the cryptocurrency landscape evolves.

1. Tezos (XTZ)

Tezos has seen a steady upward trend over the past year, with its price rising 19%. Cryptocurrencies in particular have consistently favored buyers at higher prices, trading above their 200-day simple moving average. Recent trends have been positive, with 19 green days in the past 30 days.

XTZ price chart

Moreover, last year’s XTZ supply increased by 5.11%, creating 46.89 million XTZ. The current circulating supply is 964.32 million XTZ out of the maximum supply of 937.87 million XTZ.

🎁 A small gift for the holidays 🎁
To show our appreciation for our amazing community, we’re giving you the chance to win up to 10 tez for free! To access the first 3 tez, you must:
1. Spending more than $100 on Ethereum gas fees in the past 6 months
2. Minimum 0.01ETH… pic.twitter.com/2CUPExkwgc
— Tezos (@tezos) December 19, 2023

Tezos maintains high liquidity thanks to its significant market capitalization. It currently ranks 14th in proof-of-stake coins, 1st in the Tezos network, and 37th in layer 1 by market capitalization. Tezos also has an optimistic outlook when it comes to price predictions.

The fear and greed index is 74, indicating the state of greed in the market. It is important to approach these indicators with a balanced perspective, taking into account the various factors that can affect market dynamics.

2. Sponge V2 ($SPONGE)

Sponge V2 It has emerged as a notable venture, succeeding in the success of its predecessor. It is an evolved version of the $SPONGE meme coin. The market capitalization of the initial coin increased significantly from $1 million to over $100 million in 2023.

Currently valued at $16 million, Sponge V2 boasts a community of over 11,500 holders. A unique feature of $SPONGE is the introduction of a Stake-to-Bridge model, strategically designed to retain and reward $SPONGE holders. This model facilitates a smooth transition to V2 through staking.

📣 We are excited to announce this. #sponge Connects from V1 to V2!
your $sponge Earn #SpongeV2 token. 🧽︎
Buy and stake now to receive special V2 token bonuses! Don’t miss it 🔥#memecoin #web3 #bull market pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023

Minimum Annual Percentage Yield (APY) has been maintained at 40% for 4 years. Adding Play-to-Earn (P2E) games to the ecosystem increases token utility and community engagement. This interactive layer provides users with additional ways to engage.

Transparently allocates 150 billion token supply for staking rewards. P2E games also highlight $SPONGE’s commitment to user incentivization. This transparency is critical to building trust and credibility between communities.

As the project aims to be listed on major exchanges and leverages its 30,000-strong community, $sponge Position yourself for potential growth. Investors should conduct thorough research before considering participation.

SPONGEV2 PRE-SALE VISIT

3. Dogecoin (DOGE)

Dogecoin has garnered notable attention in the cryptocurrency market. The trading volume for the day is 1.54% and the current price is $0.09306. In particular, DOGE ranks 2nd in the proof-of-work coin, 1st in the meme coin, and 8th in the layer 1 category.

DOGE price chart

According to forecasts, the future price of Dogecoin is in a neutral position. The fear-greed index is 74, indicating the state of greed in the market. However, it is worth noting that there are 142.33 billion DOGE in circulation. Last year, the supply inflation rate was 7.28%, creating 9.66 billion DOGE.

Dogecoin developers adapt to the changing environment to remain viable. 10 years later, dogecoin developers are still alive and well. https://t.co/e7pAnRfFjH
— Dogecoin (@dogecoin) December 6, 2023

Dogecoin also experienced a 26% price increase, continuing to trade above its 200-day simple moving average. Moreover, in the past 30 days, Dogecoin has recorded 20 green days, accounting for 67% of the period.

4. Mantle (MNT)

Mantle recently announced a partnership with INIT Capital to bring a liquidity hook money market to the Mantle Network. This initiative provides innovative liquidity hooks, prioritizing sustainable liquidity for a variety of protocols.

This feature allows you to integrate protocols to access larger, more concentrated liquidity sources. This is especially helpful for new projects looking to bootstrap initial liquidity in the decentralized application (dApp) space. The goal is to make Mantle a strong player by introducing cutting-edge projects into the Mantle ecosystem.

This is consistent with Mantle’s goal of providing the protocol and users with opportunities for a variety of monetization strategies. MNT price is on a bullish trajectory after a notable intraday upward trend. Therefore, this upward momentum is promising for MNT coin investors and makes Mantle the best cryptocurrency to buy right now.

MNT price chart

There were 15 green days in the last 30 days, which accounts for 50% of the total period. Mantle also boasts high liquidity relative to its market capitalization. Additionally, Mantle ranks 12th in Ethereum (ERC20) tokens and 4th in Layer 2.

In summary, our partnership with INIT Capital and Mantle strategically positions MNT in the decentralized finance environment. With positive market sentiment and a high ranking, Mantle demonstrates growth potential and is exploring a variety of return strategies.

5. Oasis Network (ROSE)

Oasis Network currently ranks 15th in Proof-of-Stake coins and 5th in AI cryptocurrencies. Last year, annual supply grew 17.25%, generating 987.88 million ROSE. Despite this increase, the project has seen impressive growth with an impressive price increase of 251%.

rose price chart

From a technical analysis perspective, the project is showing some interesting trends. Oasis Network is trading above its 200-day average, which is a positive sign. Over the past 30 days, there have been 17 positive days, or 57% of the total, indicating a notable upward trend.

Building a better Web3 requires building a culture that supports the people behind the technology.
In our last “Meet the Oasis Team” interview, we met Andreja Cavnik, HR Director at Oasis, the woman behind Oasis’ culture of collaboration and growth: https://t.co/W3enZaWs4I
— Oasis Network (@OasisProtocol) December 18, 2023

ROSE outperformed 83% of the top 100 cryptocurrency assets, including Bitcoin and Ethereum. The project is also trading close to cycle highs, suggesting its current market position is strong.

Of the maximum supply of 10 billion ROSE, the circulating supply is 6.71 billion ROSE, so liquidity appears to be solid. Sentiment analysis suggests a bullish outlook, with a Fear and Greed Index of 74, indicating a greedy market.