Best Cryptocurrencies to Buy Now January 16 – ORDI, Aave, Tezos

adminJanuary 17, 2024

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Every day we review a few of our picks: Best Cryptocurrencies to Buy Now Based on the latest market trends, blockchain news, and trend narratives.

The cryptocurrency market presents a list of tokens that overcome difficulties and offer potential returns. However, it can be difficult to update your portfolio with tokens that can withstand economic downturns and succeed in the future. Therefore, in this article we will discuss the best cryptocurrencies with the most promising opportunities and provide potential investors with insight into the most profitable options. The projects listed below have excelled in terms of market performance and real-world adoption.

Best Cryptocurrencies to Buy Now

Several tokens have caught the attention of investors, including ORDI, Aave, and Tezos. This analysis explains why these cryptocurrencies are gaining traction and may have promising potential for those looking to strengthen their portfolios.

Cryptocurrency Heatmap

In other news, Binance Thailand has officially launched. cryptocurrency Thai exchange, Gulf Binance. The exchange is the result of a collaboration between Binance and Gulf Innova, designed to function as both an exchange and a brokerage platform, facilitating seamless buying and selling of digital assets in local currency pairs.

1. ORDI

ORDI is showing a positive trend on the daily chart, suggesting that there may be upward momentum in the near term. Additionally, ORDI tokens are listed on major central cryptocurrency exchanges, contributing to accessibility and market presence. In the last 24 hours ORDI price is up 3.52%.

One of the key indicators supporting the positive outlook is ORDI trading above its 200-day simple moving average. This indicates a continuing positive trend. Additionally, this coin boasts high liquidity due to its significant market capitalization. Binance facilitates ORDI trading to increase market accessibility.

However, ORDI has experienced unfavorable price movements in 40% of the last 30 days, or 12 days. Despite occasional fluctuations, the overall sentiment regarding ORDI’s price forecast is optimistic. The Fear and Greed Index is currently at 64, indicating that market sentiment is being driven by greed.

ORDI price chart

Additionally, the current circulating supply of ORDI is 21 million out of the maximum issued volume of 21 million. This limited supply may contribute to perceived value. ORDI ranks first among Bitcoin (BRC20) tokens by market capitalization.

In conclusion, ORDI is showing promising signs due to positive price trends, high liquidity, and strategic market positioning. Considering the characteristics of the cryptocurrency market, ORDI can be considered the best cryptocurrency to buy right now.

2. Asta

Astar Network recently announced the imminent launch of DApp Stake V3. This strategic move aims to improve the network’s overall functionality and user experience. It explicitly aims to optimize the staking process for decentralized applications with a sophisticated token economic model.

ASTR price chart

The main goal is to build a more efficient and transparent system for users participating in the Astar Network. Additionally, future updates will have a significant impact on builders and stakers, requiring increased user participation for optimal reward results. Astar’s native token, ASTR, is performing well today, up 5.21%.

ASTR recorded an impressive 8.86% gain last week, and a respectable 94.84% gain over the previous month. This upward momentum reflects heightened market activity and reinforces positive sentiment among buyers.

dApp Stake v3 launch is coming soon!
This update will have a major impact on both builders and stakers, requiring more active participation to reap the best rewards.
You can prepare for your upgrade to v3 by claiming your rewards now: https://t.co/Dg8DrbDglC
— Astar Network (@AstarNetwork) January 5, 2024

Astar’s current market outlook appears optimistic, as evidenced by its price forecast sentiment and Fear & Greed Index of 64 (Greed). Moreover, the project experienced an annual supply inflation rate of 44.82%, generating 1.7 billion ASTR last year.

3. Meme Combat (MK)

combat memesThe pre-sale of the platform received significant interest from investors, reflecting early enthusiasm for the platform. Primarily targeting gaming enthusiasts, the project offers a unique combination of staking and betting features to increase the utility of MK tokens. Meme Kombat seeks to leverage Ethereum’s decentralized power and cutting-edge technology to deliver a unique and engaging gaming experience.

The strategic integration of these features is designed to provide users with the opportunity to earn rewards. Therefore, we expertly combine on-chain and off-chain technologies to create a new standard in digital asset management. Additionally, the project whitepaper outlines a dedicated 10% allocation of tokens for liquidity when listed on decentralized exchanges.

6.9 million dollars! wonderful! ♋️
We’re on track to get closer to $7 million raised this year. $MK We couldn’t be happier with the pre-sale! pic.twitter.com/A7hdOJ0j2p
— Meme Kombat (@Meme_Kombat) January 16, 2024

Utility-focused tokens stand apart, making them interesting options for investors and users. Innovative platform and staking incentive locations combat memes These are the best cryptocurrencies you can buy right now.

Visit Meme Kombat Presale.

4.Abe

Despite the overall sideways movement in the cryptocurrency industry, AAVE caught the attention of investors with an intraday rise of 5%. Initially trading between $99 and $104.32, the value of AAVE rose to reach $106.49, with 24-hour trading volume reaching $275.04 million.

AAVE price chart

Moreover, forecasts show a positive trend for AAVE and market sentiment is tilting towards greed, as evidenced by the Fear & Greed Index of 64. With 14.71 million AAVEs in circulation out of the maximum supply of 16 million, the annual supply inflation rate reaches 4.35%. This translates to 613,251 AAVEs created last year.

Aave Governance V3 is now available! Built and implemented by: @bgdlabs 👻 https://t.co/qzeMLhGQin
— Aave Labs (@aave) December 26, 2023

Additionally, AAVE ranks 7th in DeFi coins and 14th in Ethereum (ERC20) tokens. AAVE’s price is up 35% in the last year and is currently trading above its 200-day simple moving average. The project boasts high liquidity, which is reflected in its market capitalization.

AAVE is making waves amidst the sideways movement in cryptocurrencies, showing significant increases and positive indicators. Considering its current market position, AAVE is an incredible token for those exploring potential opportunities in the cryptocurrency market.

5. Tezos (XTZ)

Tezos has been on the rise recently, showing positive signs and sentiment in the cryptocurrency market. Current signs point to the possibility of a significant price rise soon, thanks to a pattern indicating bullish behavior.

XTZ price chart

Additionally, Tezos hit a high of $12.26 on December 17, 2017, and a low of $0.319784 on December 7, 2018. After hitting a low, it rebounded back to $9.08, hitting a cycle high. Currently, the outlook for Tezos is positive. The Fear and Greed Index score is 64, indicating a greedy market.

Are you interested in Web3 wallets and the Tezos ecosystem?
Watch our latest video here: https://t.co/KJSqWkfL0U
It is suitable for people who want a basic understanding of Web3 wallets from a user perspective.@beatkalipska
— Tezos (@tezos) January 15, 2024

Tezos has seen a 12% price increase over the past year and is trading above its 200-day simple moving average. The annual supply inflation rate is 5.44%, which is 49.94 million XTZ.

In market rankings, Tezos ranks 14th among Proof-of-Stake coins, leading the Tezos network. The token also ranks 35th in the Layer 1 category. Additionally, out of the maximum supply of 937.87 million, approximately 967.37 million XTZ are in circulation.