Best Cryptocurrencies to Buy Now January 17 – KuCoin Token, Arweave, Maker

adminJanuary 18, 2024

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InsideBitcoins regularly provides summaries of: Best Cryptocurrencies to Buy NowConsider recent price/performance ratio.

Investors are constantly looking for the best cryptocurrencies to invest in. Cryptocurrency markets provide opportunities for tokens to experience growth and attract investors. In this article, we examine tokens that have the potential to yield significant returns. Additionally, we will analyze the factors driving the rise of these specific cryptocurrencies.

Best Cryptocurrencies to Buy Now

For many investors, finding cryptocurrencies with growth potential can be a difficult task. However, this article examines potential tokens including KuCoin Token, Arweave, and Maker and explains the growing interest in these cryptocurrencies. We further evaluate their recent performance to understand why they stand out as lucrative options in the cryptocurrency market.

Cryptocurrency Heatmap

Meanwhile, the Golden Cross was recently confirmed. bitcoin Weekly charts are a positive sign for the market. This incident is particularly notable because it marks the first time on record that Bitcoin’s 50-week SMA has surpassed its 200-week SMA.

1. KuCoin Token (KCS)

KuCoin Labs recently partnered with ETGM, a new digital currency project exploring innovative aspects of blockchain technology. ETGM seeks to combine the warmth of community with the mystery of the universe, with the goal of building an adventurous digital ecosystem.

ETGM introduces multi-chain inscription bot on Telegram. The bot is designed to provide users with a versatile platform for inscriptions and aggregated transactions across significant blockchains. This bot is an all-in-one solution for easily accessing and managing assets across various blockchain platforms.

KCS price chart

Additionally, ETGM actively fosters interaction and cooperation among members through various engagement activities and reward mechanisms. KuCoin Labs’ collaboration with ETGM highlights KuCoin Labs’ commitment to driving innovation in the cryptocurrency market. This partnership is expected to accelerate the development of the BTC ecosystem, ultimately improving user experience and expanding accessibility.

Additionally, this development coincides with the recent price increase for the KuCoin token (KCS), which is up 1.49% intraday. The token has seen a 29% price increase and is trading above its 200-day simple moving average.

KuCoin tokens boast a circulating supply of 80.12 million out of a maximum supply of 171.25 million. It ranks 8th and 22nd in the Ethereum (ERC20) token category in the exchange token category.

2. Arweave (AR)

Arweave has shown strong resilience recently as it continues to hold its position above the $1.92 support level. The token has seen a surge in buying interest, with its price now up 19.85% to $9.73.

One notable aspect is that Arweave’s trading status is above its 200-day simple moving average, which indicates a positive trend in its price action. This coin boasts high liquidity thanks to its significant market capitalization. Arweave is actively trading on the Binance platform.

AR price chart

Moreover, the current outlook is optimistic. This positivity is complemented by the Fear and Greed Index, which is at 60 (greed), indicating favorable market sentiment. The circulating supply of Arweave tokens is 65.45 million out of 66 million.

The current annual supply inflation rate is 1,206.25%, and 60.44 million AR was created last year. This inflation rate is an important indicator for investors to consider. Additionally, Arweave ranks 44th in the Layer 1 category by market capitalization.

3. Arbitration (ARB)

Arbitrum is a leading layer 2 network making waves in decentralized finance (DeFi). The Arbitrum network’s decentralized exchange recently saw a surge in daily trading volume, surpassing both Ethereum and Solana by a staggering $1.21 billion.

Traders are expressing enthusiasm about ARB’s potential, with the stock up 5.20% in the past week alone. The current sentiment on Arbitrum’s price prediction is bullish, reflected in the Fear and Greed Index of 60 (Greed).

ARB price chart

One of the key indicators of ARB performance is consistent trading above its 200-day simple moving average. Arbitrum also boasts a circulating supply of 1.28 billion ARB tokens, contributing to high liquidity by market capitalization.

We’re excited to discuss several projects this week to build and grow the ecosystem! 💙💙
Set notifications in your live space👇 #ArbitrumAMA
— Referee (💙, ) (@referee) January 15, 2024

The project is actively trading on Binance, further solidifying its market presence. However, traders and investors continue to show confidence in the project’s potential, highlighting its position as the best cryptocurrency to buy right now.

4. Maker (MKR)

Maker (MKR) started the year on a strong note, amassing 32,759 MKR tokens worth approximately $66.66 million. Ten wallets collectively ordered this substantial move, accounting for 3.55% of the MKR circulating supply. Interestingly, these tokens were withdrawn directly from exchange platforms, indicating a deliberate effort to reduce the availability of tokens on these platforms.

On January 15, a transaction occurred where a user withdrew 12,103 MKR, worth $24.63 million. This further highlights the trend of MKR token accumulation. The large accumulation signals a change in investor sentiment and shows the investor group’s strong belief in the positive trajectory of MKR price.

MKR price chart Additionally, withdrawing MKR tokens from exchanges tends to increase demand due to a decrease in token supply. Additionally, Maker has outperformed Bitcoin and Ethereum, outpacing 83% of the top 100 cryptocurrency assets over the past year. Additionally, the current trading position above the 200-day simple moving average adds another positive indicator to its performance.

DeFi creates a more valuable financial ecosystem based on the active participation of users.
As we launch our second annual State of DeFi survey, we’re asking you to give us your unique views.
Your feedback is critical to producing detailed public reports, including:
— Maker (@MakerDAO) January 16, 2024

Maker ranks 6th in DeFi coins and 13th in Ethereum (ERC20) tokens. Maker has a circulating supply of 922,137 out of a maximum supply of 1.01 million MKR, showing high liquidity based on market capitalization.

Maker is also actively trading on Binance. The token’s annual inflation rate is -5.68%. This negative inflation rate means a decrease in the overall supply of MKR tokens, potentially contributing to retaining their value.

5. Meme Combat (MK)

combat memes Meme Coin is a platform that facilitates predictive betting on outcomes. Tokens have accumulated over $6 million, making up the majority of $8 million available at a fixed rate of $0.279 per token. An essential addition to the platform is a live betting system that allows users to stake their tokens and earn APY (Annual Percentage Yield).

Designed to blend on-chain and off-chain transactions, the staking mechanism aims to minimize user fees. Users are given the choice to stake or distribute tokens for battle within the integrated gaming system. Meme Kombat garnered attention for its unique game features and secured a notable investment of $83,000 from a major investor.

Having successfully raised over $5 million in its initial coin offering (ICO) and reaching 50% milestone, the platform invites potential investors to stake $MK and earn a competitive APY of 184%. Token supply is limited to 120,000,000, with 50% allocated to the ICO.

Here’s what you can expect in the coming weeks:
We’ll be having a few contests and live calls like “The Weekly Kombatant” and some great ways to get some bonus cash in your pocket. pic.twitter.com/Vuf5NB0FAZ
— Meme Kombat (@Meme_Kombat) January 17, 2024

The remaining allocations include staking, battle rewards, community incentives, and decentralized exchange liquidity. However, it reflects a strategic approach to fostering sustainable businesses. combat memes ecosystem. With 76% of the total coin supply already sold and staked, the platform expects there will be less selling pressure on exchanges compared to newly listed tokens.

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