Best Cryptocurrencies to Buy Now December 20 – Arweave, Fantom, Synthetix

InsideBitcoins regularly provides summaries of: best cryptocurrency Buy now considering the latest price/performance ratio.

As of December 20th, prospective cryptocurrency investors are eyeing promising options from TG.Casino, Fantom, and Synthetix. From decentralized gaming to blockchain infrastructure and synthetic assets, these cryptocurrencies, each demonstrating unique strengths, offer compelling opportunities for those exploring the dynamic landscape of digital assets.

Best Cryptocurrencies to Buy Now

Foresight Ventures, a Singapore-based venture capital firm, has announced the launch of its third accelerator program. We’re allocating $10 million to the champion blockchain and Web3 innovation. The company outlined the program’s main focus on companies specializing in artificial intelligence, Bitcoin ordinal, and direct-to-consumer protocols.

Interested startups must submit applications by January 15, 2024, and can secure seed funding ranging from $200,000 to $500,000. The initiative also provides approved companies with access to mentorship and participation in offline demo days. Acknowledging the current surge in liquidity within the Web3 ecosystem, the company noted an increase in deal flow from startups.

1. Internet Computer (ICP)

The DFINITY Foundation has launched a European subnet on the Internet Computer Protocol (ICP). We aim to provide GDPR-based infrastructure for decentralized apps (dApps). ICP allows developers to create and run services directly on public blockchain networks with incredible scalability.

🆕 Strategic Partnership #ICP, @gaudiknowledge And Moon Research Institute 🏰✨

Prepare to witness the fusion of Gaudí’s timeless architecture, art, and unfinished design blueprint in ICP’s Metaverse.

more @ICPhubKorea : https://t.co/MkyySqGWuk pic.twitter.com/9Iqbu7CXkP

– DFINITY(@dfinity) December 15, 2023

The introduction of this new infrastructure equips developers on the subnet with the tools to deploy dApps to the European market. We also emphasize the protection of personal and financial data in accordance with established regulatory practices. In particular, the European subnet is geographically restricted, ensuring that all nodes reside within the EU.

These developments contribute to the upward trend in the performance indicator, which has been green for 18 of the last 30 days. Additionally, Internet Computer has high liquidity based on market capitalization. Currently, out of the maximum 488.51 million ICPs, 452.87 million are in circulation.

In the layer 1 sector market capitalization ranking, Internet Computer ranks 14th. Sentiment analysis is bullish on Internet Computer’s price prediction, with a Fear and Greed Index of 74, indicating market sentiment towards greed.

2. Synthetix (SNX)

Can Synthetix maintain its position as the best cryptocurrency to buy right now? Over the past year, Synthetix has proven its resilience with an impressive 135% price surge. SNX boasts a solid market position characterized by high liquidity.

Additionally, the circulating supply of SNX is 114.84 million SNX out of a maximum of 212.42 million SNX. It is outperforming 70% of the top 100 cryptocurrency assets. Importantly, the token consistently trades above its 200-day simple moving average, indicating a continued positive trend.

Market activity shows positive momentum for Synthetix. Over the past 30 days, there have been 16 green days, accounting for 53% of the period. This is consistent with the project’s commendable performance relative to the token sale price. Synthetix also ranks 15th in DeFi coins and 4th in Yield Farming.

The staking site is currently operational. Users are encouraged to take advantage of this.

Wallet linking and ledger linking features are currently still disabled. https://t.co/sIG1yL0Hgx

— Synthetix ⚔️ (@synthetix_io) December 15, 2023

It also ranks 37th in the Ethereum (ERC20) token category and 7th in the Layer 2 category. Taking a sentiment-based approach, the current Synthetix price prediction sentiment is in a neutral position. This sentiment is confirmed by the Fear and Greed Index of 74, indicating the state of greed in the market.

3. TG. Casino (TGC)

TG Casino Pre-sale began and garnered notable interest and support from the cryptocurrency community. The project achieved a commendable milestone by raising over $4,886,472, significant progress toward its $5,000,000 goal. This strong financial backing signals strong confidence from investors and enthusiasts alike.

The $TGC token has been recognized for its unique and innovative staking and redemption mechanisms. One feature is that it offers 25% cashback on losses incurred during betting activities. This dual-purpose strategy aims to increase participants’ staking rewards and reduce the overall token supply.

As we get closer to our final goal $TGC Pre-sale, we take another look at the roadmap🛣️

Big things are still ahead of us! pic.twitter.com/jqvcVfLuL2

— TG Casino (@TGCasino_) December 19, 2023

The goal is to increase the intrinsic value of the TGC token, which is planned to be deployed as TG.Casino gains traction and generates higher returns. Market analysts and cryptocurrency experts closely monitor the unfolding story. They observe how these staking and redemption mechanisms affect the complex dynamics of TGC supply and demand.

However, the incentive is for participants who can earn 1,500% Annual Percentage Yield (APY) on TGC tokens. In addition to this, early investors are promised exclusive rewards, providing additional encouragement and creating a sense of community involvement.

to sum up, TG Casino It has established itself in a notable position with its staking and redemption strategy. These unique features provide a new perspective on staking rewards and token value. It has also succeeded in capturing the interest and attention of the wider cryptocurrency community.

4. Phantom (FTM)

Phantom is currently in circulation with 2.8 billion FTM out of the maximum supply of 3.18 billion FTM. Over the past year, it has generated 258.63 million FTM, resulting in an annual supply inflation rate of 10.16%.

Moreover, Phantom’s price rose 107% last year, surpassing 62% of the top 100 cryptocurrencies. It continues to trade above the 200-day simple moving average, indicating a positive trend. Compared to the token sale price, Phantom showed positive performance.

Introducing the third of four fantastic Sonic Labs mentors. @KemarTiti!

We asked Mark. @PythNetwork A few questions about himself and what he contributes to the Sonic Labs team as a mentor 👇

Can you share a little about yourself?

I’m 26 years old and have a bachelor’s degree in business administration… pic.twitter.com/OtEbfrZnKe

— The Phantom Foundation (@FantomFDN) December 15, 2023

Fantom has recorded 16 green days in the last 30 days, representing 53% of the observation period. Additionally, the project maintains high liquidity relative to its market capitalization. However, in the Layer 1 category among DeFi coins, Fantom ranks 9th and 32nd.

5. Arweave (AR)

Arweave has garnered attention for its innovative approach to providing long-term storage at a fixed cost. This unique feature positions Arweave as the best cryptocurrency to buy right now. Moreover, it is worth noting that Arweave is currently trading above its 200-day moving average.

Additionally, the optimistic performance relative to the initial token sale price shows that Arweave is a potentially worthwhile investment option. Over the past year, Arweave’s token price has risen 19%.

AR generated 32.06 million AR over the past year with an annual supply inflation rate of 96%. Additionally, Arweave currently ranks 45th in the Layer 1 category.

In conclusion, Arweave’s data storage approach and market performance make it an interesting option for cryptocurrency investors. However, as with all investments, it is important to conduct thorough research, consider market conditions, and evaluate various factors before making an informed decision.

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