Blockchain

Best Cryptocurrencies to Buy Now February 19 – Manta Network, Altlayer, Xai

adminFebruary 20, 2024

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Cryptocurrency traders are always looking for: Best Cryptocurrencies to Buy On specific dates – we list coins with high potential in this post.

Every market shift presents an opportunity for significant returns, and investors actively seek out the next best-performing digital assets. Numerous developments in various altcoin projects could potentially impact market trends this week. This article aims to assist investors by highlighting the most promising cryptocurrencies to consider buying now.

Best Cryptocurrencies to Buy Now

Graph token has experienced a surge of 24.19% in the last 24 hours, reaching its current trading price of $0.2664. MANTA also showed positive movements, with its price rising 2.99% during the same period. Additionally, XAI GAMES recently partnered with Pyth Network to highlight the importance of trusted data in decentralized finance and gaming.

1. Graph (GRT)

Graph (GRT) token has surged 24.19% in the last 24 hours and is currently trading at $0.2664. This surge since the launch of Sora has garnered attention and indicates an upward trend for the token, supported by derivatives data.

Graph serves as an indexing protocol that helps query data on networks such as Ethereum and IPFS, which is important for various applications in DeFi and Web3. Anyone can create and publish an open API called a subgraph, allowing applications to easily access blockchain data using GraphQL. The hosting service simplifies the process for developers to start building on The Graph, with a decentralized network set to launch later this year.

GRT price chart GRT price chart

The Graph also supports data indexing on Ethereum, IPFS, and POA, with plans to support more networks. The project aims to bring trusted, decentralized public infrastructure to the mainstream market. Participants use Graph tokens (GRT) to ensure the economic security and data integrity of The Graph Network.

The platform saw significant growth, processing more than 958 million queries, a 65% increase over the previous quarter. Successful layer 2 transport continues to support various web3 sectors.

Additionally, this surge in GRT value led to a notable increase in 24-hour trading volume, experiencing growth of over 105%. Expert technical analysis indicates a bullish trend for GRT tokens as they trade above the 200 EMA. The overall sentiment towards The Graph’s price prediction is bullish, with the Fear and Greed Index reading a value of 75 (greed).

2. Manta Network (MANTA)

According to recent market analysis, Manta Network is emerging as a promising alternative in the ongoing cryptocurrency rally. Unlike many other altcoins that have already reached their peak, Manta Network offers significant growth potential as a new entrant. This sentiment is supported by the recent token sale, which took place from January 16 to 28, 2024, and has since seen a surge in value.

Manta Network is a modular ecosystem for Web3 that allows users to easily build and deploy a variety of decentralized applications (dApps) using Solidity. One of its key advantages is its ability to provide faster transaction speeds than Layer 1 (L1) solutions. It also has lower gas costs than Layer 2 (L2) solutions.

manta price chart manta price chart

Moreover, the recent performance of Manta Network’s native token, MANTA, has been positive, with its price rising by 2.99% in the last 24 hours. Additionally, the token has experienced 15 green days out of 30, indicating a relatively consistent upward trend. Sentiment surrounding Manta Network’s price predictions is bullish, with a Greed score of 75 on the Fear & Greed Index.

Manta Network also announced expanded interoperability between the Manta Pacific network and Binance Smart Chain (BNB Chain). This cross-chain bridge allows users to easily exchange MANTA tokens for BNB. It also supports participation in agricultural opportunities through PancakeSwap’s liquidity pool.

As interoperability between these blockchain ecosystems improves, additional trading volume and liquidity pooling activity is expected to occur around MANTA and BNB tokens. Additionally, Manta Network’s ongoing efforts to build connections with major chains demonstrate its commitment to fostering interoperability and accessibility for decentralized applications.

3. Alternate Layer (ALT)

AltLayer is a decentralized rollup protocol that introduces restaked rollups to improve security, decentralization, interoperability, and fast finality of the cryptocurrency economy. The recent 1.43% rise in ALT price suggests continued market interest, with trading hovering near cycle highs. The token boasts high liquidity compared to its market capitalization.

Additionally, ALT currently ranks 3151st in the Ethereum (ERC20) token category and 508th in the Binance Smart Chain category. AltLayer’s bullish price forecast sentiment is consistent with the Fear and Greed Index of 75 (Greed).

ALT price chartALT price chart

AltLayer is also collaborating with Matter Labs, the leading developer of the zkSync protocol, to expand its capabilities. This partnership will allow users to leverage AltLayer’s rollup SDK and infrastructure for optimal deployment of zk-based Layer2 or Layer3 hyperchains within the ZK Stack framework.

AltLayer’s Rollups-as-a-Service (RaaS) gives developers access to Hyperchain features that provide tools, a no-code platform, third-party integrations, and rollups customization. These features accelerate the developer journey in the blockchain space by facilitating a streamlined process for building, deploying, and achieving interoperability.

4. SMOG

smog The token aims to establish itself as an important token in the cryptocurrency market. Smog launches without pre-sale to ensure fairness for all users. We aim to distribute native tokens equally through airdrops and community rewards.

The project uses the Solana blockchain to strategically enter the market with the meme coin trend attracting many investors. Smog is also focusing on airdrop campaigns rather than pre-sales to build a solid community base, which is essential for long-term success in the cryptocurrency market.

SMOG price chart SMOG price chart

To participate in the Smog ecosystem, users must purchase and stake SMOG tokens to gain access to potential airdrops and community bounties. Through active participation, users are rewarded and build a sense of ownership and loyalty. smog The Solana blockchain appeals to users seeking efficiency by offering fast transactions and low fees.

The roadmap includes milestones such as the launch of staking features and future airdrops. Users must use a Solana-compatible wallet such as Phantom to participate in airdrop campaigns and engage with the community on social media.

5. XAI

Xai (XAI) is a new blockchain project that is revolutionizing the gaming industry by introducing a decentralized platform for trading in-game items. Xai eliminates the need for cryptocurrency wallets, making it accessible to billions of existing gamers around the world. Using Arbitrum’s Layer-2 technology, Xai facilitates fast and seamless virtual goods trading within video games.

Xai has experienced price fluctuations since its launch on January 9, 2024, reaching peaks above $1.20 and then experiencing a slight decline. Market analysts have expressed optimism about Xai’s future performance. According to token price predictions, it is likely to rise to $1.62 within this year and further grow to $1.88 in 2025.

XAI price chartXAI price chart

These forecasts are based on market sentiment, recent developments and solid fundamentals of the project. Xai’s success will also depend on widespread adoption within the gaming community and the continued evolution of the network. If Xai establishes a significant presence in the gaming industry and maintains its innovative trajectory, it could experience significant demand and price growth over time.

The current value of the XAI token is $1.32, up 20.93% intraday. XAI GAMES also recently partnered with Pyth Network to highlight the importance of trusted data in decentralized finance and gaming. Xai aims to increase stability and trust within the ecosystem by leveraging real-time price data from the Pyth Network.

In just one month after its mainnet launch, Xai recorded 360,000 daily transactions. It also attracted 438,000 wallet sign-ups, demonstrating early traction and promising growth potential.

In the cryptocurrency industry, Japan is considering easing regulations on venture capital (VC). cryptocurrency The investment could potentially allow VCs to fund Web3 startups that exclusively issue cryptocurrencies.

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adminFebruary 20, 2024

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