Best Cryptocurrencies to Buy Now January 1 – XRP, Celestia, Meme Kombat

adminJanuary 2, 2024

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Cryptocurrency traders are always looking for the best cryptocurrency to buy on a specific date. This post lists several coins with high potential.

Investors continually seek significant profits, so they are constantly on the lookout for market opportunities. Recognizing the time and effort this requires, Insidebitcoins continually curates a list of the best tokens for investment to promote informed decisions and help investors make sound choices in the cryptocurrency market.

Best Cryptocurrencies to Buy Now

Noticeable changes are occurring in the cryptocurrency market, mainly due to reallocation. Data from Coinalyze cryptocurrency trading As of January 2022, analysis platforms have shown a significant increase in interest in altcoins. At the same time, interest in Bitcoin declined.

Cryptocurrency Heatmap

According to data from S&P Global Market, Binance Coin (BNB) has seen a solid 16% gain during this period. Likewise, the tokens of MultiversX and Optimism both increased by 16%. Theta Network also recorded a gain of nearly 10%. This shift in focus suggests investors are expanding their investments beyond Bitcoin and into alternative cryptocurrencies.

1. Ripple (XRP)

Mastercard announced collaboration with Ripple. This strategic initiative is expected to contribute to mainstream acceptance and practical use of XRP in everyday transactions. This collaboration has the potential to positively impact the value of XRP.

This partnership coincides with a notable surge in asset prices. Currently, market sentiment regarding token price predictions is neutral. Analyzing XRP’s recent performance, the coin is trading above its 200-day simple moving average.

XRP price chart

Over the past 30 days, XRP has seen positive performance for 17 days, accounting for 57% of the observation period. However, this indicates a continued upward trend in asset values. The annual supply inflation rate is 7.69%, showing that 3.86 billion XRP were created in the past year.

https://x.com/Ripple/status/1738258963706093802?s=20

In the layer 1 segment, XRP currently ranks 5th by market capitalization. Collectively, these indicators provide a comprehensive overview of XRP’s current position in the market, making it one of the best cryptocurrencies to buy right now.

2. Celestia (TIA)

Celestia’s current price is $12.30, with an intraday trading volume of $228.72 Million. The market capitalization was reported to be $1.9 billion and the market dominance was 0.11%. Celestia’s circulating supply is 154.41 million TIA tokens.

TIA price chart

The Fear and Greed Index reflects a score of 65, indicating the market is “greedy.” Additionally, market sentiment regarding token price predictions is optimistic. On December 24, 2023, Celestia reached an all-time high of $15.20.

The lowest recorded price for Celestia is unknown, but the lowest price since the all-time high is $11.43. However, after the bottom of the last cycle, the highest price was $12.87, which was recorded as the cycle high.

Celestia is trading near cycle highs, indicating relatively solid market performance. The project exhibits high liquidity based on market capitalization, contributing to its stability and attractiveness to potential investors.

3. VeChain (VET)

VeChain has shown notable performance metrics, reflecting a 119% increase in its price over the past year. It also outperformed 58% of the top 100 cryptocurrency assets during this period. The token’s current circulating supply is 72.71 billion VET out of a maximum supply of 86.71 billion VET.

However, last year, approximately 203.39 million VET positions were created. Specifically, VeChain’s price experienced a cycle low of $0.014095 and subsequently hit a cycle high of $0.038807. Sentiment on VeChain’s price prediction is Neutral, with the Fear and Greed Index recorded at 65 (Greed).

VET price chart

It is noteworthy that VeChain is trading above its 200-day simple moving average, maintaining a positive trajectory signaling stability and potential growth. Remarkably, 57% of the last 30 days consisted of green days, highlighting the widespread positive trend.

In comparison, VET has shown excellent performance indicators. This includes currently occupying the 22nd position in the layer 1 sector by market capitalization. The annual inflation rate of 0.28% reflects a measured and sustainable approach to token creation, ensuring the health of the ecosystem.

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AWorld’s 50,000 eco-friendly actions = 625kg of ocean plastic removed with VeChain & ReSea! Each action is tracked on the VeChainThor blockchain for maximum effectiveness.
Download the AWorld app now and play at https://t.co/CUUs2bbnb0. pic.twitter.com/p9DHr3tfXo
– VeChain (@vechainofficial) December 29, 2023

In summary, VeChain’s performance indicators show steady growth and stability over the past year. The inflation rate, sentiment, and trading trends of the project contribute to the current position of the cryptocurrency as a whole.

4. Meme Combat (MK)

combat memes It attracted attention for its unique game features and passive income potential through staking. In particular, large investors invested $83,000 in $MK, further fueling interest in the project.

Basically, Meme Kombat combines various meme coins on its platform so that players can engage in predictive betting on the outcome. As altcoin season gains momentum, the $MK token is ready to take the next step.

$5.6 million here before 2024…
Let’s see if we can reach 5.7 before the clock strikes 12🎉 pic.twitter.com/rynJPHnShk
— Meme Kombat (@Meme_Kombat) December 31, 2023

The introduction of the live betting system allows stakers to place bets and earn Annual Percentage Yield (APY) simultaneously. The staking mechanism is designed to be innovative and dynamic, leveraging both on-chain and off-chain transactions to reduce user fees.

Users can choose between staking or distributing tokens for battle within the integrated gaming system.

M.K. It runs on the Ethereum blockchain and therefore shares similarities with $PEPE. We successfully raised over $5 million in our initial coin offering (ICO) and reached our 50% goal. Interested investors can stake $MK immediately and earn a competitive APY of 184%.

With 76% of the total coin supply already sold and staked, Meme Kombat expects there will be less selling pressure on exchanges compared to newly listed tokens. Token supply is limited to 120,000,000, with 50% allocated to the ICO. The remainder is distributed for staking, battle rewards, community incentives, and decentralized exchange liquidity. This thoughtful allocation strategy aims to foster a sustainable ecosystem for Meme Kombat.

Visit Meme Kombat Pre-sale.

5. Maker (MKR)

The maker has been attracting attention due to a significant increase in accumulation in recent market developments. The three newly established wallets collectively acquired $18.6 million worth of MKR tokens over the past week. An interesting aspect of this acquisition is that the buyer chose to withdraw the tokens from Binance.

This indicates a propensity for self-custody and can be expected to lead to price spikes in the future. This accumulation trend suggests a potential bullish outlook for MKR in 2024. Additionally, the circulating supply of MKR is 919,937 MKR out of a maximum supply of 1.01 million MKR.

MKR price chart

Maker experienced a negative annual supply inflation rate of -5.90%, resulting in a net decline of -57,694 MKR last year. As can be seen from the Fear and Greed Index, market sentiment is leaning towards a bullish trajectory with a score of 65 (Greed).

Additionally, MKR has experienced a whopping 244% price increase over the past year. The coin is trading above its 200-day simple moving average and close to its cycle high. The liquidity of a project is expressed in terms of market capitalization.

This is how hundreds of millions of DAI flow from Maker to Maker. @sparkdotfi:
• There are currently 528 million DAI deposited on Spark, providing fresh, direct liquidity.
• The current debt limit is set at 800 million DAI.
• At existing debt levels… pic.twitter.com/vOUWZTEXgK
— Maker (@MakerDAO) December 8, 2023

In the DeFi coin category, Maker ranked 8th and 17th among Ethereum (ERC20) tokens by market capitalization. MKR also experienced fluctuations, reaching a high of $6,244.44 on May 3, 2021, and a low of $171.27 on March 16, 2020. After the previous low, prices ranged from $503.28 to $1,762.18.