Best Cryptocurrencies to Buy Now December 24 – MultiversX, NEAR Protocol, Gala

‘Best Cryptocurrencies to Buy Now‘ is one of the most searched cryptocurrency-related terms on Google, and InsideBitcoins lists several options every day.

With new tokens constantly emerging, choosing the best cryptocurrency to buy requires a keen eye for innovation, potential, and current trends. Additionally, exploring the best tokens requires evaluating several market dynamics. Therefore, Insidebitcoins examines these factors to provide you with a summary of the best coins for informed investment decisions.

Best Cryptocurrencies to Buy Now

Despite significant price surges this year, several cryptocurrencies continue to trade below $1. 6 things worth noting cryptocurrency Companies ranked in the top 20 by market capitalization will maintain this rating as we approach 2024.

Among this subset, three cryptocurrencies merit attention based on their future growth prospects and overall competitive positioning. These digital assets are Polygon, XRP, and Cardano. Apart from these three, there are other cryptocurrencies that investors can add to their watchlist. In this article, we will discuss the 5 best tokens worth investing in right now.

1. MultiverseX (EGLD)

Umbrella Network has integrated its on-chain data feed into MultiversX. This integration allows developers to easily obtain pricing data for their smart contracts. We initially introduced feeds for EGLD/USD and USDT/USD, with more pairs such as USDC, BUSD, ETH, and BTC coming soon.

Umbrella Network is a platform that provides reliable data to decentralized applications. This integration aims to help developers build next-generation DeFi protocols and other innovative applications. This allows us to provide extensive data beyond commonly traded pairs, including real-world events. This data can be used for a variety of purposes, from prediction markets to synthetic derivative protocols.

EGLD has recently gained attention in the cryptocurrency market and entered the top 40 cryptocurrencies. MultiversX ranks 27th in the Layer 1 category by market capitalization. EGLD boasts a circulating supply of 23.74 million EGLD out of a maximum of 31.42 million EGLD.

One super app for all your wallets.

Now all your assets @xPortalAppTransfer, use DeFi platforms, mint NFTs – convert from one address to another.#MultiverseX Acceleration 🔥 pic.twitter.com/agjSZAnV7X

— MultiversX (@MultiversX) December 20, 2023

Sentiment for MultiversX is currently bullish, with the Fear and Greed Index hitting 71 (greed). With high liquidity based on market capitalization, MultiversX continues to trade near its cycle highs, sparking discussion about its potential for further growth.

2. Internet Computer (ICP)

The Internet Computer Protocol has introduced a new European subnet, a significant move for decentralized apps (dApps) seeking to comply with European data protection rules. This is important as more people want decentralized services that meet strict rules like GDPR. The European subnet is like a group of computers in Europe.

All data used and stored by this group complies with GDPR rules. This is also very important for developers and businesses following European data protection standards. The way internet computers handle data privacy and security is different in the blockchain world.

Unlike other blockchains where all data is public, developers here can keep data public or private. This is in line with the GDPR principles regarding the ability to rectify and delete data. Internet Computers also provide developers with comprehensive control over data and access.

The use of canister smart contracts and autonomous software devices on Internet computers further enhances data security and integrity. This new European subnet has led to an increase in the price of the coin. The current price of ICP token is $9.71, and the intraday trading volume over the past day is $425.41 million.

Get the latest ICP news and updates in your inbox ✉️

this week:
🚀Inscription @Mora_App
🔐 ICP’s new GDPR-compliant subnets
💡 Global R&D updates
🔥 ICP.Hubs and upcoming events

And much more 🙌
🔗 https://t.co/FndzMvJAbm pic.twitter.com/YbOx8aXIki

– DFINITY(@dfinity) December 22, 2023

Analyzing sentiment towards Internet Computer’s price prediction reveals the current bullish outlook. The Fear and Greed Index is at 71 (Greed) and the token is trading above its 200-day simple moving average. The project has shown positive performance, accounting for 19 green days in the last 30 days (63% of the total).

The introduction of the European subnet on the Internet represents a significant advancement in blockchain technology. The platform’s nuanced approach to data privacy and security makes it one of the best cryptocurrencies you can buy today.

3. Meme Combat (MK)

combat memes It caught the attention of investors by achieving a notable pre-sale figure of $4,449,569.06 of its $5,000,000.00 goal. The project’s initial success is due to its unique gaming platform tailored for enthusiasts. Meme Kombat introduces an innovative combination of staking and betting, giving users a variety of ways to participate and earn rewards.

$4.4 million

I think I’ll probably be able to go until 4.5 in time for Christmas🎁 pic.twitter.com/h0FBVCNhIg

— Meme Kombat (@Meme_Kombat) December 24, 2023

During the pre-sale phase, half of the MK tokens can be purchased for $0.257 each, with a maximum limit of $10 million. This fusion of staking and betting is designed to enhance the utility of MK tokens for users. There is a 4-day period before the subsequent price increase to $0.268MK.

This move, detailed in the white paper, highlights their commitment to facilitating easy and decentralized trading of MK tokens. combat memes To further support decentralized trading, we plan to list the token on a decentralized exchange. We also plan to allocate 10% of total tokens for liquidity.

The project’s focus on utilities and its well-defined strategy add an interesting dimension to potential investors and users. The integration of staking and betting positions makes Meme Kombat the best cryptocurrency to buy right now.

3. NEAR Protocol (NEAR)

The NEAR protocol has seen increasing interest and a notable rise in value. This positive momentum has not gone unnoticed by the cryptocurrency market, indicating growing confidence among investors in NEAR.

Technical analysis of NEAR’s price structure shows a positive trajectory, despite the possibility of a slight reversal in the near term. The overall trend suggests the potential for further price rises, making it an attractive choice for traders and investors. A review of performance over the past year shows a price increase of 185%.

Almost packed!

(but not packaged NEAR)

During a year of market turbulence, NEAR achieved notable growth and innovation.

🔥BOS launched
🔥NEAR DA launched
🔥Fast finality for Ethereum rollup through partnership with Daum @eigenlayer
🔥zkWASM prover development… pic.twitter.com/X9UF8VqIzw

— NEAR Protocol (@NEARProtocol) December 20, 2023

Surprisingly, NEAR outperformed 78% of the top 100 cryptocurrency assets during this period. Additionally, the NEAR protocol trades above its 200-day simple moving average, which is a positive indicator of market performance. Additionally, the cryptocurrency has seen 20 positive trading days out of the last 30 days, making up a 67% positive trend.

Additionally, the NEAR protocol boasts high liquidity based on market capitalization. Currently ranked 16th in the Layer 1 category, NEAR Protocol continues to solidify its position in the cryptocurrency market.

4. GALA

Gala was recently integrated into the Binance Web3 Wallet, making it the best cryptocurrency to buy right now. This move aims to improve user accessibility to DeFi and Web3 interactions. You can also access GALA directly through your Binance wallet.

The news sparked investor interest, with the token’s intraday price rising 0.59%. Sentiment towards GALA’s price prediction is Neutral, with the Fear & Greed Index reading at 71 (Greed).

Analysis shows that it is trading above its 200-day simple moving average, which is a positive sign for technical analysts. GALA also boasts high liquidity based on its market capitalization.

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— Gala Games (@GoGalaGames) December 21, 2023

Additionally, the circulating supply of GALA is currently 26.91 billion out of a maximum supply of 50 billion. The coin has seen significant growth over the past year, with its price rising by 68%. Recent trends also highlight a positive trajectory, with 20 green days recorded in the last 30 days.

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