Best Cryptocurrencies to Buy Now March 13 – Stacks, Toncoin, Maker

adminMarch 14, 2024

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

Altcoins are starting to capitalize on the bullish trend in March. These digital assets are riding a wave of optimism. Nonetheless, they are experiencing significant price appreciation on a daily basis to the delight of investors who are witnessing profitable returns. This article outlines a few of these tokens and examines the factors contributing to their notable rise in value.

Best Cryptocurrencies to Buy Now

Among these tokens are Stacks, Toncoin, and Maker, each of which shows significant growth potential. These digital assets have attracted the attention of investors who are closely monitoring their progress, driven by strong signs of future growth and sustainability within the cryptocurrency market.

1. STX

STX’s recent performance reflects a 1.82% increase in its price over the last 24 hours. This upward trend is consistent with the bullish sentiment in the Stax price forecast, while the Fear and Greed Index stands at 81, indicating extreme greed among investors.

Moreover, STX achieved remarkable growth last year, with its stock price soaring 275%. The token outperformed 78% of the top 100 cryptocurrency assets at the same time. Technically, the $2.77 mark and the 20-day exponential moving average (EMA) served as strong support levels, suggesting a continued trend of buyer participation during price declines.

STX price chart

Moreover, STX is currently trading above its 200-day simple moving average (SMA). Additionally, Stacks has experienced 19 of the last 30 green days, resulting in a positive performance rate of 63%. This indicates favorable market conditions and investor sentiment towards the project.

This week 8 new signatories announced their support for Stacks 🟧
Their support, which collectively holds billions of dollars in assets, speaks volumes about the potential of a leading layer 2 cryptocurrency to revolutionize Bitcoin scalability.
Read the full newsletter. @CoinDesk In the thread below. pic.twitter.com/zt6WCfVNQx
— stacks.btc (@Stacks) March 10, 2024

In summary, Stacks shows a positive trajectory in price performance and market sentiment, and technical indicators suggest continued bullish momentum. However, as with all investments, it is essential to conduct thorough research and consider the inherent risks before making a decision.

2. Toncoin (TON)

Toncoin continues to rise steadily in the current market rally, showing a rise of 46.82% in the past month alone and 99.26% in the past three months. This indicates bullish performance over the medium term. Over the past year, Toncoin’s price has risen 83%, suggesting continued growth.

Investor interest remains high, with the Fear and Greed Index sitting at 81, indicating an increase in trading. Toncoin’s growth is also supported by projects within the TON blockchain ecosystem, particularly those within The Open League. One such project, TON Raffles, saw significant user engagement and an increase in Total Value Locked (TVL).

TON price chart

This led the TON Foundation to announce an airdrop plan for TON Raffles token holders. Additionally, the possibility of Telegram distributing 50% of revenue to channel owners using the Toncoin blockchain has further heightened investor interest.

🎉 @tapfantasy2021 $MC Holders, get ready!
One $TON An airdrop is planned 🔜 as a reward for demonstrating the power of collaborative community action leading to impressive market capitalization growth. It even performed better than a TON!
The snapshot was taken on March 12, 2024 at 9:00 AM (GMT). Did you hold it? $MC?… pic.twitter.com/rvEndq2P9R
— TON 💎 (@ton_blockchain) March 12, 2024

Despite recent volatility, Toncoin has maintained an upward trajectory, supported by important partnerships. On December 25, 2021, the token hit an all-time high of $4.91. It experienced a cycle high of $3.32 and a low of $0.757304.

3. SMOG

smog Its unique launch approach has made it one of the best tokens in the cryptocurrency market. Unlike many other projects, Smog avoided pre-sales, ensuring a level playing field for all participants. Instead, we use a fair launch model that emphasizes airdrops and community rewards.

Smog leveraged the Solana blockchain to strategically enter the market amid the meme coin craze. What sets it apart is that it prioritizes airdrop campaigns over pre-sales. This creates a strong community foundation, which is considered essential for sustainable growth. Launched in early February, SMOG boasts innovative token economics that aim to provide incentives to holders.

Imagine a world where you don’t burn other people #memecoin with #smog! 🔥
It would be so boring… 😴
— Smog (@SMOGToken) February 27, 2024

Additionally, a significant portion of Smog’s total supply, 50%, is allocated for marketing activities and 35% is set aside for airdrop rewards. Currently, the project is running the “largest airdrop in history,” distributing significant amounts of SMOG to holders of other popular meme coins, such as Samoyedcoin (SAMO).

In addition to the airdrop plan, Smog also offers staking opportunities, allowing token holders to earn profits. The tokens have an annual return of 42% and are approximately 17 million. smog Tokens are already staked. As Smog gains momentum on social media and expands its reach through integration with Ethereum, further growth and adoption is likely.

Visit the Smog website

4. Maker (MKR)

In the past month, Maker has shown positive growth in 60% of days, indicating a good trend. Analysis of past data shows that investing in Maker generates returns. Last year, Makers’ stock price soared 142.72%, showing strong performance.

However, performance over the three years decreased slightly to -8.97%. Maker recently transitioned into an upward trend after a prolonged consolidation phase. In particular, in the third and fourth quarters of the previous year, it recorded a price increase of close to 100%, recording the best performance in the market.

MKR price chart

Despite facing significant price fluctuations as bull and bear markets compete on price, Maker has continued to find success in the current bull market. It added over $200 to the price. Additionally, Maker DAO co-founder Rune Christen decided to exchange significant SHIB and LDO tokens for MKR. This move is likely to strengthen investor confidence in the token, pushing its price higher.

Due to recent market volatility, an acceleration proposal has been submitted for an executive vote to prepare the Maker Protocol for an excessive Dai demand shock that could result from additional bullish sentiment.
The Maker Protocol works as expected…
— Maker (@MakerDAO) March 8, 2024

Additionally, the recent upward trend in Maker prices was triggered by a vote conducted by the community. The vote could allow the platform to reevaluate the stability fees charged on various collateral assets, potentially increasing the fees applied within the Maker Protocol by up to 15% or 17.25%.

5. Stellar (XLM)

Stellar (XLM) has shown resilience in the cryptocurrency market since the beginning of the year. In 2023, it showed a remarkable rise of 74.19%, reaching a record high in August.

Over the past month, the price of XLM has risen 2.70% to $0.15, which is an important development for holders. This positive momentum continued over the past week, with XLM posting an 11.24% gain, rising from $0.13 to $0.16. Additionally, during the same period, XLM trading volume surged 48.0%.

XLM price chart

XLM’s circulating supply increased by 0.16% to over 28.63 billion tokens. This is approximately 57.27% of the maximum supply of 50 billion tokens. In addition to its price-performance ratio, Stellar has also made headlines for its integration with Band Protocol.

This is a huge milestone for Stellar’s smart contracts. @BandProtocol’s integration allows developers to access real-time data and build innovative DeFi solutions. #mainly Network 💪 https://t.co/iyIJCYKWo2
— Stellar (@StellarOrg) March 7, 2024

Band Protocol has successfully deployed Oracle services on the testnet of Soroban, Stellar’s smart contract platform. This integration is a significant milestone in enabling decentralized application (dApp) development on the Stellar network leveraging Band Protocol’s Oracle solution. This collaboration aims to enhance the functionality and usability of the Stellar ecosystem, giving developers more tools to build innovative applications on the platform.