Best Cryptocurrencies to Buy Now April 12 – Chainlink, Tezos, Helium

adminApril 13, 2024

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This article evaluates: best cryptocurrency Based on recent market changes, blockchain technology updates, and trend stories.

Investors are increasingly exploring alternative coins with the potential to earn significant returns. This article highlights promising altcoins that could have a notable impact. For those trying to predict upcoming cryptocurrency trends, the following analysis can provide valuable insight into a potential revolution within the market.

Best Cryptocurrencies to Buy Now

Toncoin’s market capitalization It has come close to Dogecoin, experiencing a 42% surge over the past week. Chainlink launched Transporter, a blockchain bridge application. Interest in TUK is growing, with eTukTuk presales raising more than $2.9 million. Tezos announced integration with Openpad, opening new avenues for decentralized project management and document integrity.

1. Chainlink (LINK)

Chainlink recently launched Transporter, a blockchain bridge application. This tool allows users to efficiently and securely transfer cryptocurrency assets and data over various networks. According to a Chainlink spokesperson, Transporter provides a cost-effective solution for transferring high-value tokens between blockchains for both individual users and institutions.

LINK price chart

Initial blockchains supported by Transporter include Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX. The move marks Chainlink’s entry into the growing blockchain bridging sector, responding to the growing demand for seamless communication channels between various networks and decentralized applications in the expanding blockchain and Web3 sectors.

We are pleased to introduce @transporter_ioThe next evolution of cross-chain bridging #Chainlink CCIP.
Transporter is your gateway to the multi-chain world.
Crosschain with Confidence: https://t.co/OJ9XWcAy4F pic.twitter.com/ANNWiFfXdC
— Chainlink (@chainlink) April 11, 2024

Currently, Chainlink’s price is $17.68, 24-hour trading volume is $686.1 million, and market capitalization is $10.38 billion. The token is currently trading above its 200-day simple moving average. Despite an increase of 2.32% in the last 24 hours, Chainlink’s price forecast sentiment is currently bearish, which contrasts with the Extreme Greed reading of 79 on the Fear & Greed Index.

Over the past 30 days, Chainlink has experienced 16 green days, indicating a positive trend 53% of the time. With high liquidity based on market capitalization, Chainlink has outperformed 60% of the top 100 cryptocurrency assets over the past year.

2. Ituk Tuk (TUK)

that much Ituktuk The project aims to improve urban mobility in developing countries while attracting the attention of environmentally conscious investors. The total token supply is 2 billion TUK, with 21.5% (equivalent to 430 million tokens) specifically reserved for staking rewards. This allocation reflects the team’s commitment to encouraging active participation from TUK network holders.

“Amid a broad market recovery, Ethereum performed strongly today, up more than 7%.
Meanwhile, eco-friendly AI cryptocurrency eTukTuk is also ahead of the market, recently exceeding $2.8 million in total fundraising.” – @Crypto_Potato https://t.co/xiwW1PQ4MG
— eTukTuk (@eTukTukio) April 12, 2024

In addition to staking rewards, they are also allocated for liquidity and pre-sale to ensure a balanced and sustainable distribution of tokens. The pre-sale raised over $2.9 million, indicating growing interest in TUK and its potential impact on both the environment and the blockchain industry.

Beyond financial performance, Ituktuk It aims to transform urban mobility through decentralized electric vehicle networks, especially in developing countries. The project’s goals attracted investors who were intrigued by its potential to revolutionize transportation in underserved areas.

Visit eTukTuk Presale

3. Helium (HNT)

Helium is a decentralized blockchain network that facilitates communication between Internet of Things (IoT) devices. Its main function is to allow low-power wireless devices to interact and share data across a network of nodes.

Helium ranks 96th by market capitalization, according to the latest data from CoinMarketCap. Over the past 24 hours, HNT price has shown a bullish trend, rising 4.81% and currently trading at $6.39. Last year, its price soared a whopping 305%, outperforming 81% of the top 100 cryptocurrencies and outpacing the growth rates of Bitcoin and Ethereum.

HNT price chart

Despite the positive indicators, sentiment regarding Helium’s price outlook is neutral. The Fear and Greed Index was recorded at 79, indicating extreme greed among investors. Technically, HNT is currently trading 183.60% above its 200-day simple moving average (SMA) of $2.25.

This represents a significant deviation from the long-term average price and indicates potential market momentum. Helium’s blockchain-based network for IoT devices has garnered attention in the cryptocurrency market for its strong performance. However, investors should carefully monitor market sentiment and technical indicators for potential changes in trends.

4. Conflux (CFX)

Conflux Network recently announced a strategic partnership with Redbrick aimed at transforming the decentralized economy. This collaboration promises a fast, secure and scalable solution through a hybrid consensus mechanism. It also paves the way for Redbrick to grow in Asia and other regions by taking advantage of its enhanced multi-chain capabilities.

Conflux is also leading the development of a blockchain initiative called “Mega-Scale Blockchain Infrastructure Platform” for the Belt and Road Initiative. Unlike typical blockchain projects related to cryptocurrencies, this venture focuses on promoting cross-border cooperation and strengthening digital infrastructure along the Belt and Road.

CFX price chart

As a result of these developments, CFX prices have recently surged significantly. It rose 3.43% during the day and traded above the 200-day simple moving average. While the sentiment surrounding Conflux’s price forecast is currently bullish, the Fear and Greed indices suggest extreme greed in the market.

We are pleased to announce our new strategic partnership with . @Conflux_Network!🤝🥂
Redbrick is working with this cutting-edge layer 1 blockchain to revolutionize the decentralized economy. Hybrid consensus ensures a fast, secure and scalable solution⚡️
This collaboration… pic.twitter.com/5hMY93X4fM
— Redbrick (@RedbrickLand) April 11, 2024

Additionally, Conflux has experienced strong green days on 15 of the last 30 days. With high liquidity based on its market capitalization, Conflux appears well-positioned to capitalize on strategic initiatives and partnerships. Therefore, this will potentially drive further growth and adoption in the cryptocurrency market.

5. Tezos (XTZ)

Tezos is known for its flexible architecture that promotes a secure staking system that encourages user participation in governance and rewards. This design makes Tezos attractive to investors interested in receiving rewards while influencing the direction of the platform. Over the past year, Tezos has achieved remarkable growth, with its price rising by 14%.

This growth is reflected in the development and expanding use of the Tezos network, highlighted by major brands launching NFT projects and collateralized debt positions on the platform. Tezos is currently trading above its 200-day simple moving average, indicating positive momentum. There were also 15 green trading days out of the last 30, an increase of 50%.

XTZ price chart

The coin boasts high liquidity based on its market capitalization, increasing its attractiveness to traders and investors. However, sentiment on the XTZ price prediction is bearish in contrast to the Extreme Greed rating of 79 on the Fear & Greed Index.

🎉 @openpad_ioIDO Launchpad #web3 The project integrates with the Tezos blockchain, including: @Kukai Wallet.
All games made based on #Tezos Once integrated with the platform, you will also receive marketing support from OpenPad.
Learn more about how to start your project… pic.twitter.com/G9l41TyseJ
— Tezos (@tezos) April 11, 2024

Nonetheless, Tezos announced its integration with Openpad, offering new possibilities for decentralized project management and document integrity. Openpad can leverage Tezos smart contracts to enable a decentralized governance model for project management. Additionally, Openpad records document hashes on the Tezos blockchain, ensuring immutable proof of authorship, document integrity, and providing a tamper-resistant audit trail.

Tezos also offers robust staking options with a focus on security and scalability. The recent integration with Openpad opens new avenues for decentralized project management and tokenized incentives, further strengthening its appeal for users and developers.