Best Cryptocurrencies to Buy Now Jan 20 – Uniswap, Frax Share, Arweave

adminJanuary 22, 2024

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We cover the top competitors. cryptocurrency If you buy it now, it might be worth adding to your watchlist for the next few days.

Choosing the best cryptocurrency to buy depends on market trends, project fundamentals, and developments. Popular options like Bitcoin and Ethereum offer stability, while newer projects show promise through innovation and community support. In this article, we examine promising tokens to help you make informed decisions, highlighting outstanding assets, current trends, and factors that will shape investors’ strategies in the market.

Best Cryptocurrencies to Buy Now

In today’s review of cryptocurrency investment opportunities, we examine tokens that seem like good bets for potential returns. Through a comprehensive analysis, we confirm that these tokens are an attractive choice for potential investors seeking value in the current market environment. Let us shed light on the recent remarkable growth of Uniswap and the high interest in Meme Kombat. We also evaluate the buzz around Arweave to highlight this token as a top choice to invest in.

1. Uniswap (UNI)

Uniswap Labs recently introduced a security enhancement called Permit 2 that addresses a serious vulnerability known as “permit infinite tokens.” This vulnerability posed a potential threat to user funds. With the implementation of Permit2, Uniswap aims to increase user protection and control over digital assets.

UNI price chart

Permit2 also provides additional security and control by allowing users to set time limits on token approvals. This feature allows users to limit third party access to their funds for a specified period of time, reducing the risk of unauthorized access. Moreover, Uniswap burned an impressive 9,001 ETH from its circulating supply over the past 30 days, contributing significantly to Ethereum’s scarcity.

This highlights Uniswap’s role in the Ethereum ecosystem, influencing trading volume and coin scarcity dynamics. Uniswap’s ongoing ETH burns serve to reduce Ethereum supply. This promotes scarcity and potentially enhances the long-term value of the asset.

Uniswap Router burned 9,001 ETH in the last 30 days. 🔊🦇
Making Uniswap the #1 burner for ETH. 🫡 pic.twitter.com/1DdlV0o2CJ
— Uniswap Labs 🦄 (@Uniswap) January 18, 2024

As a result, UNI has seen intraday trading volume increase by 3.44% and 7% over the past year. It is trading above the 200-day simple moving average. Uniswap ranks 4th among DeFi coins and 2nd among exchange tokens by market capitalization. The token also ranked 1st in Yield Farming and 7th in Ethereum (ERC20) tokens.

2. Akash Network (AKT)

Akash Network has recently experienced significant growth driven by strategic initiatives demonstrating its resilience as a decentralized cloud computing platform. The AKT token has performed well over the past year, with an impressive rise of 1,127%. This growth has made AKT one of the best performing assets, outperforming 97% of the top 100 cryptocurrencies.

AKT price chart

Additionally, AKT price showed an intraday rise of 9.98% and is currently trading above its 200-day average. This positive trend aligns well with the initial token sale price. Moreover, experts are optimistic and predict a positive future for AKT.

This is a great guide on how to run your own AI model deployment on Supercloud using Akash Chat’s open source code. $AKT. https://t.co/NAshuPlH3D
— Akash Network (@akashnet_) January 17, 2024

The Fear and Greed Index is at 52, indicating neutral market sentiment. Additionally, there are 225.63 million AKT tokens in circulation out of the maximum supply of 388.54 million. At the same time, 111.77 million AKT tokens were created, with an annual supply inflation rate of 98.17%. Akash Network ranks 17th in Proof-of-Stake coins and 6th in AI cryptocurrencies.

3. Meme Combat (MK)

combat memes, a blockchain initiative, seeks to combine popular meme culture with the competitive dynamics of the battle arena. The project is operating on the Ethereum network. MK also aims to provide a unique gaming experience through cutting-edge technology and decentralization.

What a beautiful sight!
Achieved $7.1 million in pre-sales💪 pic.twitter.com/bvCfVmhK1h
— Meme Kombat (@Meme_Kombat) January 19, 2024

Moreover, Meme Kombat has garnered significant attention, indicating early traction among potential investors. This project is aimed at gaming enthusiasts. To increase the utility of MK tokens, we are introducing a combination of staking and betting features to give users the opportunity to earn rewards.

The project’s whitepaper states that 10% of tokens will be allocated for liquidity upon listing on a decentralized exchange. At the same time, this strategic move aims to promote smooth and decentralized trading of MK tokens.

In an ongoing pre-sale, Meme Kombat has successfully raised $7,198,962.54 of its $8,000,000.00 goal. The current pre-sale structure offers 50% of MK tokens at $0.279 each, with a cap of $10 million. This is consistent with the project’s commitment to fostering decentralized transactions.

MK’s focus on utility positions the token as an interesting option for investors and users. Innovative platform and staking incentives combat memes These are the best cryptocurrencies to buy right now.

Visit Meme Kombat Presale.

4. Arweave (AR)

Arweave’s latest market performance shows a slight increase of 1.14% in the last 24 hours. The current price of the token is hovering above the 200-day simple moving average. AR has seen positive growth over the past year, with prices increasing by 13%.

Arweave also reached an all-time high, reaching $90.68 on November 5, 2021. Conversely, it hit an all-time low of $0.430141 on April 30, 2020. After the last cycle low, the token showed a remarkable recovery, hitting a high of $11.64.

AR price chart

Arweave’s liquidity is particularly noteworthy on the Binance exchange. The coin’s positive performance relative to the token sale price since then suggests a steady trajectory. AR ranked 43rd in the Layer 1 category. Additionally, Arweave’s circulating supply is 65.45 million units out of the maximum supply of 66 million units.

Arweave, open data, and the social layer: Arweave as layer 0 for on-chain social
“Arweave | 📑 In-Depth” Posts:@LensProtocol, @useOrbis, @farcaster_xyzAnd some of them are already using Arweave, and it’s starting to gain more adoption thanks to its great interface. pic.twitter.com/biGY045gSZ
— Onlyarweave (@onlyarweave) January 15, 2024

The annual supply inflation rate is noteworthy at 1206.25%, generating AR 60.44 million over the past year. Despite this inflation, the Fear and Greed Index is at 52, reflecting neutral sentiment. However, the coin price prediction sentiment is tilted towards bullish, making investors feel optimistic about the token.

5. Frax Share (FXS)

Frax Finance recently unveiled Frax Bonds (FXB), a utility token designed to be easily converted to one FRAX stablecoin upon maturity. This release marks the successful implementation of the Frax v3 roadmap and demonstrates our commitment to introducing new features.

Investors can acquire FXB on-chain through a permissionless process utilizing the Progressive Dutch Auction (GDA) mechanism in governance-approved placements. Frax Bonds are versatile and find utility in a variety of DeFi applications, including participation in Curve Finance pools. They are trading pairs that seek leverage and facilitate trustless debt repayment.

FXS price chart

These developments have increased demand for Frax Share’s native token, FXS, resulting in significant growth. Frax Share price is $9.01, with 24-hour trading volume of $128.16 million. The token’s market capitalization is $688.54 million and its market dominance is 0.04%.

Moreover, the price of FXS rose 4.03% in 24 hours, and Praxshare’s outlook also appears optimistic. The Fear and Greed Index is 52, indicating a neutral stance. The token is trading above its 200-day simple moving average, showing a positive trend.

Today is FRAX v3 $FXB Your module has been activated! this
Complete FRAX v3 design and deployment of all new features. This is a watershed moment due to FXB’s unique design and utility within DeFi.
🧵 pic.twitter.com/V0uR7El2it
— Frax Finance(¤, ¤) 🦇🔊(@fraxfinance) January 19, 2024

Likewise, one impressive indicator is the current annual supply inflation rate (371.33%). This means that 60.19 million FXS tokens were created over the past year. Although market dynamics show positive trends, potential investors should carefully consider these indicators and remain informed about the ongoing development of the project.

In the cryptocurrency field, major tokens and altcoin This week we have witnessed an economic downturn, which has resulted in a significant drop in market values. Cardano’s value decreased by 9%. Similarly, S&P Global Market Intelligence data shows that two other altcoins, Arbitrum and Ethereum Classic, have seen significant price declines.