Best Cryptocurrencies to Buy Now February 7 – Kaspa, Tezos, Chainlink

adminFebruary 8, 2024

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InsideBitcoins regularly provides summaries of: Best Cryptocurrencies to Buy NowConsider recent price/performance ratio.

This article highlights coins that have stood out amidst price fluctuations, received growing investor interest, or have demonstrated significant development efforts. These selections represent promising investment opportunities in the market, representing potential growth and valuation for investors.

Best Cryptocurrencies to Buy Now

Kaspa recently expanded its reach by partnering with CryptoWallet.com. Additionally, Bittensor has made notable progress in the cryptocurrency market, rising an impressive 90% in just two weeks. Chainlink (LINK) gained attention after transferring 800,000 LINK tokens from the Bybit exchange to a private wallet, garnering the attention of investors and analysts.

1. CAS

Kaspa recently announced a partnership with CryptoWallet.com to bring KAS to its platform. These integrations allow users to do everything from buying and selling cryptocurrency to storing, exchanging, and spending cryptocurrency all in one place.

This allows KAS holders to manage their digital assets more easily. Moreover, KAS recorded a price increase of 6.59%, continuing its impressive performance last year and soaring 1,372%. The token simultaneously outperformed 99% of the other top 100 cryptocurrency assets.

KAS price chart

Despite forecasts suggesting a downward trend, KAS’ Fear and Greed Index stands at 62, indicating investors are leaning towards greed. Additionally, KAS is trading above its 200-day simple moving average, suggesting positive momentum in the market. KAS also holds a strong position, ranking 6th in the Proof-of-Work coin category and 21st in the Layer 1 category.

🎉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

In summary, recent developments and impressive performance metrics make Kaspa Coin an attractive option for investors looking to dip their toes into the cryptocurrency market. However, as with all investments, investors must conduct thorough research and understand the risks.

2. Tezos (XTZ)

The Tezos blockchain has seen significant growth in the past year, with nearly one million new users joining the platform. The total number of transactions on Tezos exceeds 50 million, indicating strong adoption. Tezos distinguishes itself as a blockchain network built on smart contracts.

XTZ price chart

Additionally, the platform aims to provide an advanced infrastructure that can evolve and improve without the need for hard forks. Investors participating in the platform can participate in governance through “baking” by staking 8,000 XTZ tokens.

This mechanism also gives stakeholders a say in network development and decision-making processes. Major cryptocurrency exchanges such as Binance and Coinbase have introduced support for Tezos staking, allowing users to earn rewards based on the amount of XTZ they hold. At the time of reporting, the value of Tezos (XTZ) was $0.9683, showing an increase of 0.47% over the past week.

In 2023, the Tezos blockchain has grown significantly, attracting nearly one million new users. And the total number of transactions exceeded 50 million. (4/5) pic.twitter.com/UNrAEM0LGg
— Tezos (@tezos) February 1, 2024

Despite the bearish sentiment regarding the Tezos price prediction, the Fear and Greed Index for the coin currently stands at 62, which indicates the level of greed among investors. Additionally, XTZ is trading above its 200-day simple moving average, suggesting a positive trend in its price action. Additionally, the coin has been trading 50% positively in the last 30 days.

3. Bit Tensor (TAO)

Bittensor, a blockchain-based machine learning protocol, has made waves in the cryptocurrency market. The TAO token, based on the Bittensor ecosystem, has experienced an incredible surge, surging more than 90% in two weeks. This surge may be related to the protocol’s excellent development pace and the increase in active user accounts, which currently number close to 70,000.

Bittensor also allows developers to integrate AI models into swarm intelligence networks. This fosters healthy competition and rewards top performers accordingly. This incentive structure created a variety of subnets within the Bittensor ecosystem, each tailored to specific machine learning use cases.

TAO price chart

One of the main drivers of Bittensor’s recent surge is its proposed significant network upgrade called Dynamic TAO. This upgrade aims to enhance the protocol’s functionality and make it more attractive to investors and developers.

As a result, the sentiment surrounding TAO tokens remains bullish, with the Fear and Greed Index showing a score of 62, indicating rampant greed among market participants. Moreover, the token is trading above its 200-day simple moving average. We have experienced an additional 17 green days out of the past 30 days, indicating a solid upward trend.

4. Chainlink (LINK)

Recently, a large transaction involving Chainlink (LINK) has caught the attention of investors and analysts alike. According to Whale Alert, as many as 800,000 LINK tokens were transferred from the Bybit exchange to unidentified wallets. The tokens were worth approximately $14.7 million.

LINK price chart

This transaction signals significant activity from a large investor and hints at a potential shift in market dynamics and investor sentiment towards Chainlink. As of the latest update, the price of LINK is $18.31, showing a slight decline of 1.97% in the last 24 hours. Despite this short-term decline, Chainlink has shown notable resilience and growth, posting a 35.14% increase over the past 30 days.

Programmable token transfers that allow value and data to move together across markets and institutions are an important step forward for the global financial system.
Chainlink CCIP allows secure use of both token transfers and arbitrary messaging within a single transaction. pic.twitter.com/771VYZOdS8
— Chainlink (@chainlink) February 7, 2024

Additionally, Chainlink outperformed 84% of the top 100 cryptocurrency assets last year. Additionally, the token has shown positive performance compared to its initial token sale price. Chainlink stands out as one of the pioneering networks facilitating the integration of off-chain data into smart contracts. This feature has caught the attention of trusted data providers including Brave New Coin, Alpha Vantage, and Huobi.

Additionally, regarding Chainlink’s next move, the prevailing sentiment remains optimistic, with many observers eyeing the $21 mark as the next important target for LINK price.

5. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix It is emerging as a notable project that aims to democratize Bitcoin mining through an innovative approach called Stake-to-Mine. This mechanism allows investors to participate by purchasing $BTCMTX tokens and staking them on the Bitcoin Minetrix platform. In return, investors receive non-transferable ERC20 token credits that can be used to access Bitcoin cloud mining services.

The project also aims to raise $11,211,244 through token pre-sale. However, there is a two-day window before the next price increase. Moreover, Bitcoin Minetrix is currently in phase 24, and there are only 3 days left until this phase ends.

Countdown to the end of Stage 24 #Bitcoin Metrics It’s started – 3 days left! ⏳
What do I set up? #ASIC and #GPU Separate mining? 💻 pic.twitter.com/zIZa14S4Ss
— Bitcoin Minetrix (@bitcoinminetrix) February 7, 2024

Of the total 4 billion token supply, 42.5% of tokens sold during the pre-sale will be allocated to fund Bitcoin mining operations. The remaining proceeds will focus on staking rewards, marketing, and community initiatives.

Moreover, the ongoing pre-sale for Bitcoin Minetrix has generated significant interest and brought the total capital raised to $10,393,422. Bitcoin Minetrix‘s approach represents a new attempt to make Bitcoin mining accessible to more people. The project aims to lower the barriers to entry associated with setting up existing mines by leveraging equity-to-mine. However, investors must conduct thorough due diligence and consider the risks before engaging in such ventures.

Visit Bitcoin Minetrix Presale.

In the broader cryptocurrency market, there are several senior executives from South Korea. blockchain The project was arrested on suspicion of embezzling approximately $828 million worth of digital assets.