Best Cryptocurrencies to Buy Now March 10 – Gala, Hedera, Optimism

adminMarch 11, 2024

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‘Best Cryptocurrencies to Buy Now‘ is one of the most searched cryptocurrency-related terms on Google, and InsideBitcoins lists several options every day.

Finding the most promising cryptocurrencies continues to attract the attention of investors. Gala, Hedera, and Optimism are among the tokens that are attracting attention for their strong performance. Analyzing current rankings and market trends aims to provide investors with the knowledge to make informed investment choices in the cryptocurrency market.

Best Cryptocurrencies to Buy Now

GALA’s recent price movements indicate a bullish mood among traders and investors. It has seen an impressive increase of 33.15% in the last 24 hours, taking the weekly surge to over 59%. Likewise, HBAR has experienced a price surge along with increased trading volume, indicating heightened interest and activity surrounding the token. Meanwhile, operating profit is currently trading at $4.48 and is steadily approaching the resistance level of $4.32.

1. GALA

Gala Games has been making waves recently with announcements and developments that have captured the attention of investors. The platform recently announced a hackathon scheduled to take place at the 2024 Game Developers Conference (GDC) in collaboration with Alienware and Amazon Web Services (AWS). This 24-hour hackathon promises to showcase innovative projects leveraging Gala’s GalaChain SDK.

At the same time, GALA has experienced significant price surges, indicating growing investor interest. This surge follows the announcement of Last Expedition, a new blockchain-based game that highlights the utility of GALA Coins within the in-game economy. The announcement, released on March 8, explains how GALA will work as an in-game rewards system.

GALA price chart

It further increases exchangeability and contributes to price increases. Analyzing GALA’s recent price movements reveals optimistic sentiments among traders and investors. This is evidenced by the price rise of 33.15% in the last 24 hours and the weekly surge of over 59%. Moreover, the token’s Fear and Greed Index, which is currently at 79 (extreme greed), indicates strong market sentiment favoring further price rises.

We are working with: @AWSGameTech and @Alienware For the large-scale hackathon held at GDC👾 🎮
jump into #gala chain Work hard for 24 hours to win a total prize of $1m😮
Registration is now open!
👉 https://t.co/srW9hkByPA pic.twitter.com/vMG2CX5n0e
— Gala Games (@GoGalaGames) March 6, 2024

Additionally, GALA’s trading activity shows that it has been consistently above its 200-day simple moving average and has experienced primarily green days over the past month. This highlights resilience and bullish momentum.

Despite these positive indicators, investors should exercise caution and manage risk appropriately, especially considering GALA’s overbought conditions. Although the asset has proven its ability to break through significant resistance levels, unexpected developments or changes in market sentiment may impact its future trajectory.

2. Green Bitcoin (GBTC)

green bitcoin Introducing a new approach to cryptocurrency mining. It aims to address environmental issues associated with traditional Bitcoin mining. Green Bitcoin leverages Ethereum’s proof-of-stake (PoS) consensus mechanism to significantly reduce energy consumption, consuming only 35Wh compared to other networks.

The project’s eco-friendly stance is in line with the growing demand for sustainable solutions in the cryptocurrency industry. Pre-sales attracted significant interest and raised $2,936,013.07. This demonstrates strong market appetite for its unique functionality and strong token economics. Investors are drawn to the pre-sale strategy of gradual price increases, which creates a sense of urgency.

The next price increase is scheduled for 5 days, so investors will need to act quickly to secure the best price. Users will also need to stake GBTC tokens to participate in the project’s revenue prediction mechanism. This staking process grants access to prediction features and provides passive rewards.

$2.5 million raised!!
With the world’s attention focused on #BitcoinGreen Bitcoin gives us a greener future. pic.twitter.com/5UTT2CZHVf
— GreenBitcoin (@GreenBTCtoken) March 8, 2024

Currently, stakers can earn an Annual Percentage Yield (APY) of 147%, but this percentage may decrease as the staking pool grows. Moreover, with 3,927,558 people GBTC Since we already have staked tokens, we have great confidence in the long-term viability of the project. Additionally, being based on the Ethereum network opens up opportunities to integrate other decentralized applications (dApps), such as DeFi platforms or gaming applications.

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3. Ivy (HBAR)

HBAR price rose 90% in 5 weeks. This price surge was accompanied by an increase in trading volume, indicating increased interest and activity surrounding the token. The token is currently trading in a weekly price range between $0.108 and $0.1259.

Additionally, it has overcome the previous downward trend and is showing a positive trajectory. Hedera, in particular, is trading above its 200-day simple moving average. It has also seen an uptrend on 18 of the last 30 days, reflecting the bullish mood of traders.

HBAR price chart

What’s increasingly interesting about Hedera is the recent integration of the Pyth Network price feed oracle. This integration gives developers within the ecosystem access to multiple financial data feeds, totaling over 400. This development also has the potential to spark innovation within the community, especially in the field of decentralized finance (DeFi).

We are pleased to announce this. #girl name I signed up @web3harbour – A non-profit organization based in Hong Kong dedicated to supporting development. #web3 Economy through Community and Corporate Participation – as a founding protocol in collaboration with @The_Hashgraph.https://t.co/U7K68Fn7RH pic.twitter.com/nfl70X1OrV
— Ivy (@ivy) March 7, 2024

It also opens up opportunities for existing DeFi projects to explore opportunities within the Hedera ecosystem. Additionally, HBAR’s impressive price-performance ratio and Pyth Network’s oracle integration represent promising prospects for the Hedera project. As developers take advantage of these new tools and opportunities, the ecosystem can grow and gain further adoption.

4. Bitget Token (BGB)

Bitget Token (BGB) has been experiencing some bullish momentum over the past few weeks, with a significant price surge recently. According to data from CoinMarketCap, Bitget Token has seen a remarkable 34% increase in value over the past month, indicating a strong upward trend for the token. However, there has been a slight decline of 1.41% in the last 24 hours.

Nonetheless, Bitget Token is working to build support levels above $1 for the first time since its inception. This could be an important milestone for the token. To date, the token has shown incredible growth, boasting an impressive 149% increase in value.

BGB price chart

Analysts are optimistic about the future trajectory of Bitget Token, predicting that it will surpass $1.5 before the end of the first quarter of 2024. Additionally, Bitget Token reached its highest price on February 17, 2024, hitting $1.15. . Currently, market sentiment for the Bitget token remains optimistic, with the Fear and Greed Index sitting at 79, indicating extreme greed among investors.

#bitget Reached 25 million users in February! 🚀https://t.co/ACjLulLl7R pic.twitter.com/RBz8MuSI5L
— Bitget (@bitgetglobal) March 10, 2024

Bitget Token is trading above its 200-day simple moving average and hovering near its cycle high, indicating a strong upward trend in price action. The platform also announced significant achievements in the X account. BGB has surpassed 25 million users. This milestone highlights the growing popularity and widespread adoption of the platform within the cryptocurrency community.

5. Optimism (OP)

Optimism (OP) solves scalability issues within the Ethereum platform. It is currently trading at $4.48 and has steadily risen to the resistance level of $4.32. If this upward trend continues, investors could potentially see notable returns.

Optimism is a layer 2 scaling solution for Ethereum that promotes faster transactions, lower fees, and improved security. In doing so, the project aims to improve the overall user experience for decentralized applications (dApps) running on the Ethereum network. One of its key features is compatibility with existing Ethereum applications, ensuring seamless integration.

ON price chart

As adoption of blockchain technology increases, Optimism has garnered significant attention for its innovative approach. The project has grown significantly since its inception, delivering promising returns to early investors. It has also gained traction within the cryptocurrency community and is listed on major exchanges such as Binance, Bitget, and Gate.io.

Additionally, operating profit is now $4.49, up 12% over the past week. Tokens also increased by 139% last year. It is trading above the 200-day simple moving average, indicating optimism among traders. The Fear and Greed Index is also at 79, reflecting extreme greed and highlighting positive market sentiment.

Lastly, operating profit ranks 5th in the Layer 2 category, and its trajectory suggests a positive outlook. The continued focus on scalability and real-world usability of Ethereum applications indicates potential for further growth. However, investors must conduct thorough research and consider market dynamics before making any investment decision.