Best Cryptocurrencies to Buy Now February 17 – Polygon, Siacoin, Kaspa

adminFebruary 18, 2024

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we are Best Cryptocurrencies to Buy Right now, it’s likely worth adding to your watchlist for the next few days.

With solid fundamentals, growth potential, and positive market sentiment, cryptocurrencies are a great choice for investment. Numerous altcoins, such as Cardano, Solana, and Polkadot, embody these characteristics, each with unique characteristics and promising growth prospects. In this article, we analyze these tokens and identify the factors driving their impressive value rise.

Best Cryptocurrencies to Buy Now

Polygon’s native token, MATIC, rose slightly by 2.74%. EGLD is also trading at $58.39, up 2.66% from last week. Moreover, EGLD has surged a whopping 17.93% in the past 24 hours. Additionally, Kaspa recently partnered with CryptoWallet.com to integrate KAS into its platform.

1. Polygon (MATIC)

Polygon stands out as a user-friendly platform for Ethereum scaling and infrastructure development. The core component, Polygon SDK, is a flexible framework that supports a variety of applications.

By seamlessly integrating with Ethereum, Polygon expands its capabilities into a comprehensive multi-chain system comparable to other notable projects. This integration strengthens Ethereum’s security and ecosystem while promoting interoperability between various blockchains.

MATIC price chart

Additionally, Polygon initially only supported Ethereum as a basechain. However, we plan to expand support to other base chains in response to community feedback and consensus.

Additionally, MATIC’s recent activities caused a temporary drop in token value before quickly recovering with 9 million tokens transferred to BNB. This resurgence highlights investor interest and optimism about Polygon’s growth prospects.

Polygon Miden reimagines blockchain design, enabling developers to create novel, high-throughput, privacy-preserving dApps.
However, building using new technologies can be difficult. It takes pioneers to explore new territories.
Enter the first Midden Pioneer, @KeomProtocoluses… pic.twitter.com/gqOWgGm7sd
— polygon | Aggregated (@0xPolygon) February 15, 2024

Additionally, the token is trading in the range of $0.640 to $0.983, with the price trend indicating a bullish trajectory. Additionally, if market sentiment remains favorable, the token has the potential to rise further. Over the past 24 hours, Polygon’s native token, MATIC, has experienced a slight rise of 2.74%.

MATIC is trading above its 200-day simple moving average, and positive performance relative to the token sale price indicates strong liquidity and market positioning. Additionally, tokens can be used on major exchanges such as Binance, increasing liquidity and accessibility for traders and investors.

2. MultiverseX (EGLD)

MultiversX is a blockchain protocol utilizing sharding technology that aims to revolutionize transaction speeds within digital environments. Additionally, MultiversX is an ecosystem for the rapidly growing new Internet across various fields such as finance, decentralized finance (DeFi), and Internet of Things (IoT).

EGLD price chart

The protocol boasts a smart contract execution platform capable of processing 15,000 transactions per second. The latency is 6 seconds and the transaction cost is only $0.001. The native token, EGLD, is used as a means of payment for network usage and facilitates transactions between users and validators.

A meeting place for the most ambitious people #MultiverseX Builder.
AAA style metaverse game. No-code DeFi dApp builder. The most attractive Web3 game from MultiversX. AI-based analysis platform. And many more.
Demo Day investor registration last call: https://t.co/Se2erI84Fj https://t.co/q2sJxePuzZ
— MultiversX (@MultiversX) February 12, 2024

EGLD also allows developers to deploy smart contracts and dApps on the platform. The token also grants holders governance rights to vote on network decisions. Additionally, EGLD is trading at $58.39 and is up 2.66% over the past 7 days.

Moreover, it is trading above the 200-day simple moving average. This token has outperformed 50% of the top 100 cryptocurrency assets over the past year. Analysts are cautiously optimistic about MultiversX’s potential and have a positive outlook for its performance through the end of February. However, sentiment remains neutral, with the Fear and Greed Index reading at 72 (Greed).

3. Siacoin (SC)

Siacoin is the native utility token of decentralized cloud storage platform Sia. The token has experienced significant growth recently. It soared 17.93% in 24 hours, exceeding the 200-day simple moving average. This growing trend is further highlighted by the number of green days, 17 out of the last 30, which constitutes 57% of the observation period.

Sia also operates as a decentralized marketplace for cloud storage. Users can securely rent unused storage space using Siacoin as their payment currency. The platform aims to provide secure cloud storage at competitive prices compared to large players such as Amazon and Google.

SC price chart

Additionally, data uploaded to Sia’s blockchain is split into 30 encrypted hosts for security. A minimum of 10 hosts are required to retrieve data, and users pay the hosts with Siacoin. Siacoin operates on a proof-of-work (PoW) consensus mechanism similar to Bitcoin, relying on miners to add new blocks to the network and mint new coins.

🚀 Exciting news from Sia! 🌐
The February 2024 edition of ‘The State of Sia’ was released, marking another milestone. #Decentralization #save! Explore the latest improvements to hostd, renterd, and walletd, and get a glimpse into the future of Sia. 🛠️💡https://t.co/ACjfghObi2
— Sia Foundation (@Sia__Foundation) February 14, 2024

This architecture increases security against potential attacks that require significant hardware and energy investments. With a market capitalization of $766 million and a daily trading volume of over $250 million, Siacoin outperforms 86% of the top 100 cryptocurrency assets. In addition, price prediction sentiment is optimistic, and the fear and greed index is recorded at 72 (greed).

Last year, Siacoin’s price rose 202%, reflecting growing interest and trust in the project. It currently ranks 8th in the proof-of-work coin category and 44th in the layer 1 category.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix unveiled a new approach to cryptocurrency that allows users to stake BTCMTX tokens for cloud mining credits. The platform aims to decentralize control and provide token holders with a secure mining experience.

There are now 4 days left until stage 26. #Bitcoin Metrics finish! 📆
What impact does a half-life event have? #Bitcoin mine worker? 💰🛠️ pic.twitter.com/9yPgjvTiW4
— Bitcoin Minetrix (@bitcoinminetrix) February 16, 2024

Additionally, the ongoing BTCMTX pre-sale has successfully raised over $11,036,483, with tokens priced at $0.0135 each. Interested investors still have a chance to participate before the token price increases in three days.

The staking dashboard simplifies the mining process, which has traditionally been accessible only to wealthy individuals and tech-savvy users. Participants can receive BTC mining rewards through staking. BTCMTX token.

Additionally, these rewards are issued as non-transferable ERC20 tokens, which are then burned for mining rewards. These credits are non-transferable, making them more secure against hacking and theft, providing a reliable source of passive income. The dashboard is not functional, but pre-sale investors can leverage their purchases through the passive staking system.

5. CAS

Kaspa is leveraging the GHOSTDAG protocol for its proof-of-work mechanism and is making waves in the digital currency market. Unlike traditional blockchains, which discard parallel blocks, Kaspa’s protocol allows them to coexist, strengthening consensus and security. One notable aspect of Kaspa is its ability to maintain high blocking rates while ensuring security through proof-of-work verification.

Moreover, the platform currently operates at one block per second. Kaspa aims to further improve its capabilities to reach 10 or even 100 blocks per second. Kaspa sets itself apart by being independent from major exchanges like Binance or Coinbase. This autonomy implies an untapped potential for cryptocurrency price appreciation as established market dynamics do not influence it.

KAS price chart

Moreover, Kaspa has seen significant accumulation of large investors, commonly referred to as “whales”. Recently, an unidentified wallet acquired a significant $65 million worth of KAS tokens in just two days, indicating confidence in the future of the project.

Moreover, Kaspa recently partnered with CryptoWallet.com to integrate KAS into its platform. This integration will allow KAS holders to streamline various cryptocurrency operations, including buying, selling, storing, exchanging and spending digital assets in one convenient place. We also aim to increase the accessibility and usability of KAS.

🎉New wallet integration #caspar!$what Now available in @CryptoWalletcom!
“This is an innovative cryptocurrency neobank that aims to achieve the same level of mass adoption as fiat currencies. Buy, sell, store, exchange and spend cryptocurrencies on one platform.”
Learn more: https://t.co/evoP6QjuRi… pic.twitter.com/i2U98mivKG
— Caspian (@CaspaCurrency) February 5, 2024

Additionally, KAS surged significantly during the day, rising 15.81% and trading at $0.1637. In particular, it outperformed 99% of the other top 100 cryptocurrency assets in one year, reflecting strong market performance. KAS is trading near all-time highs and above its 200-day simple moving average.