Best Cryptocurrencies to Buy Now January 11 – Ripple, Polygon, Toncoin

adminJanuary 12, 2024

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‘What’s the best cryptocurrency to buy right now?’ This is a frequently asked question by investors. In this article, we will look at various notable tokens.

Several cryptocurrencies continue to captivate investors and enthusiasts. As investors scour the market, they are faced with the question: “What are the best cryptocurrencies to buy right now?” Insidebitcoins answers this question by selecting the best tokens with outstanding potential. In this article, we cover the best cryptocurrencies you can buy right now, highlighting standout assets, emerging trends, and the factors that can shape your investment strategy.

Best Cryptocurrencies to Buy Now

The U.S. Securities and Exchange Commission (SEC) has approved trading in several exchange-traded funds (ETFs) linked to the spot price of Bitcoin. Starting Thursday, these ETFs will become available for trading in the United States, marking a significant milestone after more than a decade of regulatory discussions.

The SEC approval includes 11 ETFs with participation from major players such as BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck. The decision follows months of discussions between the regulator and the investment firm.

Cryptocurrency Heatmap

Additionally, BlackRock’s iShares Bitcoin Trust and Grayscale Bitcoin Trust have already begun trading in pre-market hours. VanEck Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and ARK 21Shares Bitcoin ETF are expected to begin trading soon.

1. Ripple (XRP)

XRP’s price is $0.596589, boasting a 24-hour trading volume of $3.93 billion and a market dominance of 1.83%. Ripple ranks 5th in the layer 1 sector by market capitalization.

Additionally, XRP hit a high of $3.92 on January 4, 2018, and a low of $0.002802 on July 7, 2014. Following the recent low of $0.113268, it has reached a high of $1.977930 in the current cycle.

XRP price chart

Sentiment surrounding XRP’s price prediction remains neutral and is consistent with a Fear and Greed Index score of 76, indicating extreme greed. Ripple’s performance shows positive signs, characterized by sustained price growth and significant liquidity based on market capitalization.

Neutral sentiment and high fear and greed indices provide a balanced understanding of XRP’s current position in the market. Ripple’s performance shows positive signs, characterized by sustained price growth and significant liquidity based on market capitalization.

2. Arweave (AR)

Arweave has experienced a 22% price increase over the past year and is consistently trading above its 200-day simple moving average. In the last 24 hours, AR token recorded a price surge of 13.96%. Investors are currently optimistic, as evidenced by the Fear and Greed Index score of 76, reflecting extreme greed.

The token has shown positive performance compared to its initial sale price. Additionally, 15 of the last 30 days are shown in green, indicating a 50% positive trading trend. Arweave shows high liquidity, as evidenced by its market capitalization.

AR price chart

Additionally, Arweave’s maximum circulation is 65.45 million AR out of 66 million AR. The annual supply inflation rate was reported at 96.00%, generating AR 32.06 million in the past year. Additionally, Arweave currently ranks 45th in the Layer 1 category by market capitalization.

3. Toncoin (TON)

Toncoin has recorded a price increase of 8% in the last 24 hours and was recently up 2.83%. After underperforming in recent months, Toncoin’s rising value has caught the attention of investors.

TON price chart

TON boasts a circulating supply of 3.46 billion units out of a maximum supply of 5 billion units. The current annual supply inflation is 183.00%, with 2.24 billion TON produced last year. Toncoin ranks 6th among Proof-of-Stake coins and 10th among Layer 1 coins by market capitalization.

Despite these positive movements, Toncoin price prediction sentiment remains neutral. However, the fear and greed index is 76, which means that the greed in the market is extremely severe.

🚀 @thenotcoin, #tonThe Telegram-based P2E game gained over 4.1 million users in just one week, making it the fastest-growing Web3 game of all time. #blockchain!
Let’s find out how 🧵⬇️ pic.twitter.com/vZt8gaAYQf
— TON 💎 (@ton_blockchain) January 9, 2024

Additionally, Toncoin is currently trading above its 200-day simple moving average. Investors may be interested in the technical indicators and market ranking of the project. However, it is important to approach these developments from a neutral perspective and take into account wider market conditions.

4. SPONGEV2 (SPONGEV2)

Sponge V2 Last year, there was a big change, with the market capitalization increasing noticeably from $1 million to $100 million. These changes signal the project’s commitment to strengthening its market presence and providing opportunities for current and potential investors.

A notable feature of Sponge V2 is its adoption of the Stake-to-Bridge model. This aims to provide $SPONGE holders with a smooth transition to V2. Users can stake V1 tokens which are locked for 4 years and have a minimum Annual Percentage Yield (APY) of 40%.

This loyalty reward system ensures a smooth transition for token holders. Sponge V2 also includes games that investors can play to earn more V2 tokens. Play-to-Earn (P2E) games are available in free and premium versions. The game allows players to earn V2 tokens to contribute to the project’s usability and interactive appeal.

This introduction adds a fun yet rewarding element to the user. Additionally, Sponge V2 boasts a total token supply of 150 billion and focuses on community engagement and user rewards. Additionally, 8% of the token supply will be allocated to the Play-to-Earn gaming aspect, improving the overall utility of the token.

There are currently 4,600,326,590 $SPONGE tokens staked, valued at $3,963,388.83, or an impressive 351% APY. SPONGEV2’s advancements highlight our commitment to providing a strategic and user-friendly platform. The introduction of the Stake-to-Bridge model and Play-to-Earn games are key elements that strengthen the appeal of the project.

Visit Sponge V2 Pre-sale.

5. Polygon (MATIC)

Libre plans to launch a dedicated chain utilizing CDK (Polygon Chain Development Kit). The goal is to promote broad access to global alternative investment funds. The platform is specifically designed to comply with legal and compliance standards.

This gives regulators around the world the ability to create and issue their own on-chain tokenized assets. Moreover, the price of MATIC rose 5.59% last year, showing a positive trend. Polygon ranked 8th in the proof-of-stake coin category and 4th in the Ethereum (ERC20) token category.

MATIC price chart

MATIC also ranks first in the Layer 2 category, making it one of the best cryptocurrencies you can buy right now. The current price of MATIC is up 8.46% in the last 24 hours. Price forecast sentiment is bullish, with the Fear and Greed Index at 76 (extreme greed).

Additionally, out of the maximum supply of 10 billion MATIC, 8.01 billion MATIC tokens are in circulation. Technically, Polygon is trading above its 200-day simple moving average, showing positive performance relative to the token sale price. Additionally, it boasts high liquidity relative to its market capitalization.