Best Cryptocurrencies to Buy Now Jan 13 – Conflux, MultiversX, Quant

adminJanuary 14, 2024

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we are Best Cryptocurrencies to Buy NowIt’s likely worth adding to your watchlist for the next few days.

As more investors focus on digital assets, the question now arises which cryptocurrency to buy. In this article, we explore the best tokens to buy and highlight their potential growth prospects. We discuss market considerations, trends, and factors investors should consider when making informed decisions.

Best Cryptocurrencies to Buy Now

First day of spot trading Bitcoin Exchange-Traded Funds (ETFs), Bitwise Asset Management, emerged as the leader, attracting $237.9 million in inflows. The San Francisco-based cryptocurrency index fund manager outperformed 10 other products that began trading within 24 hours of receiving approval from the Securities and Exchange Commission (SEC). Total inflows across all issuers amounted to approximately $721 million.

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Following Bitwise, Fidelity Wise Origin Bitcoin Fund and iShares Bitcoin Trust took second and third places. They collected inflows of $226.9 million and $111.6 million respectively.

1. Maker (MKR)

Maker (MKR) coin has shown positive indicators early this year, suggesting a potentially productive year. On-chain data reflects increased activity and indicates a plausible positive trend.

The important metric of daily active addresses, which indicates user engagement, has increased since the beginning of the year. More than 600 addresses are actively trading MKR, a 4% increase from the initial count of 590. This increase in engagement indicates growing momentum and interest in the token.

MKR price chart

Additionally, the number of new addresses opened exclusively for MKR trading increased by more than 5% compared to the beginning of the year. This influx of new investors contributes to the expansion of the ecosystem and increases liquidity.

Additionally, MRK price prediction sentiment is optimistic with the Fear and Greed Index being 64 (Greed). Last year, the price of MKR rose 218%. Remarkably, it outperformed 85% of the top 100 cryptocurrency assets during this period.

Following incredible demand, with ~90% of the previous 400 million DAI increase borrowed, Maker Governance has enacted a new 400 million DAI credit limit extension for: @sparkdotfi.
This deployment, scheduled for 00:55 UTC on January 14, will raise Spark’s debt limit to 1.2… pic.twitter.com/1WoxUIXoXb
— Maker (@MakerDAO) January 12, 2024

Maker has a circulating supply of 920,112 MKR out of a maximum supply of 1.01 million. Maker also ranked 6th in DeFi coins and 13th in Ethereum (ERC20) tokens.

Moreover, the token is trading above its 200-day simple moving average, reflecting a positive trend. There were 17 green days in the last 30 days, or 57% of the total. Maker shows solid market dominance based on high liquidity based on market capitalization.

2. Quant (QNT)

The price of Quant (QNT) is up 10.34% over the past month to $118.53. The 24-hour trading volume is $62.58 million, contributing to a market capitalization of $1.43 billion and a market dominance of 0.08%. The token’s current trading status is above its 200-day simple moving average.

Additionally, Quant is showing positive results in terms of token sale price/performance. High liquidity, as evidenced by market capitalization, suggests a solid trading environment. It is worth mentioning that Quant is actively traded on Binance.

QNT price chart

Moreover, Quant price predictions are neutral. The fear-greed index is 64, indicating that there is greed in the market sentiment.

The circulating supply of Quant is 12.07M QNT out of a maximum supply of 14.88M. Within the Ethereum (ERC20) token sector, Quant ranks 17th and 29th in the Layer 1 sector by market capitalization.

It’s Saturday the 23rd #QuantAdvent 2023. There are several risks associated with commercial stablecoin issuance beyond today’s window.
Read our full coverage of today’s coverage: https://t.co/uIsZ9UswJ1
View full calendar: https://t.co/akM39n3ack
Learn more… pic.twitter.com/gf9IF819m6
— Quant (@Quant_Network) December 23, 2023

Quant’s price history hit an all-time high of $424.43, peaking on September 11, 2021. However, the lowest price was recorded on August 9, 2018 at $0.181764. The all-time high was followed by a cycle low of $40.97, followed by a cycle high of $225.11.

3. Conflux (CFX)

Conflux announced integration with IoTeX and W3bstream products. This is a step for Conflux to advance global connectivity within the blockchain space. This partnership is consistent with our shared vision to drive innovation in the Decentralized Physical Infrastructure (DePIN) and Decentralized Wireless (DeWi) sectors.

The integration allows Conflux developers to connect decentralized applications (dApps) with real-world data. This opens up a variety of possibilities, from fitness applications to green energy and wireless 5G. Integration also extends to partnerships with China Telecom for blockchain SIM cards and World Mobile.

CFX price chart

The main outcome of this collaboration is to strengthen the DePIN project on Conflux using DePINscan. This map explorer-as-a-service provides comprehensive, transparent, real-time insights into your projects across the entire DePIN environment.

Additionally, Conflux’s circulating supply is 3.65 billion CFX out of a maximum supply of 5.28 billion. The current annual supply inflation rate is 74.49%, generating 1.56 billion CFX last year.

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🏮 Jump into 2024 and rewind the excitement of 2023 #new year. Our eco project NFiT held a ‘luck’ collecting event to celebrate happiness in Chinese! pic.twitter.com/nkhXmOUI6I
— Conflux Network Official (@Conflux_Network) January 9, 2024

The price of CFX has experienced a significant increase of 629% over the past year, outperforming 93% of the top 100 cryptocurrency assets. The token trades above its 200-day simple moving average, recording 15 green days in the last 30 days. The project also shows high liquidity based on market capitalization.

4. Frax Share (FXS)

Frax plays a significant role in the decentralized finance (DeFi) space and offers a unique approach to cryptocurrency investing. The project introduces Frax Share (FXS) as part of the Frax protocol, offering a fractional algorithmic stablecoin called FRAX.

The project differentiates itself by integrating collateral and algorithmic elements into its stablecoin. However, the circulating volume of Fraxshare is 76.23 million FXS out of the maximum supply of 99.9 million FXS.

FXS is trading above its 200-day simple moving average, indicating a continued positive trend. Moreover, the project has experienced positive price movements on 15 of the last 30 days.

FXS price chart

This is essential considering the annual supply price increase rate, which currently stands at 370.25%. This translates to 60.02 million FXS created over the past year. Despite this inflation, market sentiment toward Frax Share remains optimistic.

The Fear and Greed Index further reinforces these positive feelings at 64 (Greed). Additionally, Frax Shares exhibit high levels of liquidity based on market capitalization. Additionally, the coin is actively traded on Binance, adding to its overall appeal within the cryptocurrency market.

5. Launchpad XYZ (LPX)

Launchpad XYZ It is a comprehensive platform in the Web 3.0 investment field that offers a variety of products such as utility tokens, NFTs, and ICOs. The platform simplifies the Web 3.0 experience with an ecosystem for investors of all expertise levels.

The core of Launchpad XYZ’s strategy is to provide in-depth analysis, insights, sentiment assessment, and data. The goal is to provide cryptocurrency investors with valuable information to facilitate decision-making.

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— Launchpad.xyz (@launchpadlpx) January 11, 2024

The native token of the Launchpad XYZ ecosystem is LPX, which particularly benefits users who stake at least 10,000 LPX tokens. These stakeholders will have access to premium features such as reduced trading fees on the Launchpad XYZ decentralized exchange.

LPX token holders will enjoy privileges such as guaranteed access to new NFT mints at competitive prices, early access to exclusive pre-sales, and more. Holding at least 10,000 LPX tokens will additionally grant you early access to the beta version of the play-to-earn game. This allows users to monitor game development and make informed decisions regarding in-game crypto tokens.

that much LPX The token could gain traction and show success, potentially attracting cryptocurrency investors. The ongoing 10% bonus provides LPX tokens at the current price of $0.0445 per token. Additionally, there are currently 10 days left until the pre-sale ends.

Visit Launchpad XYZ Presale.