Best Cryptocurrencies to Buy Now March 17 – Avalanche, XRP, Litecoin

adminMarch 18, 2024

join us telegram A channel to stay up to date on breaking news coverage

we are Best Cryptocurrencies to Buy Right now, it’s likely worth adding to your watchlist for the next few days.

Altcoins are capitalizing on March’s bullish momentum to seize the opportunity presented by the surging cryptocurrency market. With each passing day, their value rises rapidly, enticing investors to earn lucrative returns and increasing excitement surrounding their potential. As the cryptocurrency wave continues to peak, altcoins are firmly positioned to deliver significant gains.

Best Cryptocurrencies to Buy Now

After a turbulent 2022, with token prices falling, cryptocurrency The market has rebounded over the past 14 months. However, it would not be surprising to see a resurgence of some tokens. XRP has shown resilience despite poor performance. AVAX has shown a bullish trend on the weekly and monthly price charts, with gains of 33.92% and 44.79%, respectively. Meanwhile, Litecoin is currently trading at $88.64, reflecting a slight increase of 23.54% in 7 days.

1. Ripple (XRP)

XRP has shown resilience despite relatively lackluster performance amid the current bullish trend in the cryptocurrency market. Nonetheless, last week saw a surge in trading volume, with trading volume increasing by more than 80%. In early March, Ripple, the company behind XRP, unlocked 1 billion XRP tokens.

Additionally, 200 million shares were designated for immediate sale, and the remaining 800 million shares were placed in escrow until mid-2027. However, Ripple’s token sale has expanded. By March 13, 40 million XRP tokens had been sold shortly after the initial launch.

XRP price chart

Based on the latest data, the price of XRP is $0.6153. Sentiment on XRP’s price prediction is currently neutral. Meanwhile, the fear and greed index was 81, showing that market sentiment was extremely greedy. Moreover, XRP has seen its price rise by 65% over the past year.

Today, more than 60% of people around the world make and receive cashless payments.
As the world goes cashless, discover how blockchain and digital assets are critical components in unlocking a more efficient and inclusive financial system. https://t.co/UWcJdKeAOt
— Ripple (@Ripple) March 14, 2024

The token is currently trading above its 200-day simple moving average. XRP boasts high liquidity relative to its market capitalization. Additionally, out of the past 30 days, the number of green days was 17, accounting for 57% of the trading period.

2. SMOG

smog, known for its dragon-themed cryptocurrency airdrops, experienced a notable surge of 10.72% in 24 hours on Tuesday. This surge has sparked widespread interest within the Solana community. The meme community was quick to embrace this trend, driving the value of smog tokens by a whopping 600% in less than a month.

Surviving hot temperatures is a skill possessed by only a few 🔥#smogOn the other hand, it excels at the very art 🎭
no fire can burn $smog #dragon! 🐲
— Smog (@SMOGToken) March 6, 2024

Despite this rapid growth, Smog Token’s market capitalization of $231 million is relatively small compared to larger competitors such as Pepe, Bonk, and Dogwifhat. The buzz surrounding Smog Token stems from a viral dragon-themed cryptocurrency airdrop hosted on Zealy. Originally launched on the Solana blockchain, Smog Token has expanded its scope to the Ethereum blockchain with the goal of building a multi-chain infrastructure.

By participating in the ongoing cryptocurrency airdrop campaign, you can purchase and hold Smog tokens to earn airdrop points and increase your chances of winning rewards. Additionally, participating in SMOG Quests on Zealy gives participants another way to increase their chances of success and earn additional airdrop points.

today smog The airdrop is scheduled to end on April 3rd. In addition to the appeal of meme coins, Smog Token recently introduced a staking protocol that offers up to 42% APY returns. Additionally, investors can increase their token holdings and enjoy long-term ownership benefits through staking.

Visit the Smog website

3. Avalanche (AVAX)

Avalanche is a blockchain platform for decentralized applications and custom blockchain networks. It aims for exceptional transaction speed and scalability and boasts a capacity of up to 6,500 transactions per second. Compared to competitors like Solana and Ethereum, Avalanche stands out for its speed, scalability, and unique features.

Additionally, ongoing efforts to improve interoperability with Ethereum through bridge development contribute to its attractiveness in the cryptocurrency space. AVAX also showed a bullish trend on the weekly and monthly price charts, with gains of 33.92% and 44.79%, respectively. The token skyrocketed in price from $40 to $60.66 in a week.

AVAX price chart

In the past year, AVAX has seen an incredible price surge, increasing its price by 246%. As a result, it outperformed 78% of the top 100 cryptocurrency assets. AVAX shows a favorable trend, with price increases in 15 of the last 30 days. Additionally, high liquidity reflected in market capitalization makes it attractive to investors.

Fast, secure, interconnected blockchains that communicate seamlessly with each other are all possible with the launch of Avalanche’s Teleporter!@meeshtianTechnical Product Manager and @Michael_Kaplan1An engineering manager joined Spaces to discuss how it works. pic.twitter.com/NUaXKQ6KsF
— Avalanche 🔺 (@avax) March 15, 2024

Technical indicators for Avalanche are currently bullish, so the price is expected to rise further. Analysts predict that the price is likely to rise by 30.32%. They expect AVAX to reach $54.19 soon.

4. Litecoin (LTC)

Litecoin recently increased its price, briefly rising from $68 to above $100 before falling back to $95. Despite these temporary challenges, Litecoin investors are showing resilience and patience amid the current bull market. Long-term holders, commonly known as hodlers, have held their assets for over a year and hold the majority of Litecoin supply.

This signals strong belief in its long-term growth potential. Litecoin is also facing a significant network upgrade that could impact the price of the token. The upcoming Litecoin Core v0.21.3 upgrade announced by Litecoin introduces features such as Partially Signed Bitcoin Transactions (PSBT).

LTC price chart

Additionally, the technology is being adapted to accommodate components of the MimbleWimble Extension Block (MWEB) transaction, which is designed to enhance Litecoin’s privacy and security. In the short term, the imminent implementation of PSBT and support for MWEB could impact the price of Litecoin. However, the exact extent of this effect remains unclear.

‘Litecoin $LTC Dust’ BTC, ETH and DOGE as payment protocols – @Utoday_en https://t.co/gsKWfADcpq
— Litecoin (@litecoin) March 13, 2024

Litecoin, in particular, is currently trading above its 200-day simple moving average. Additionally, the token has recorded 17 positive trading days out of the last 30 days, suggesting favorable market conditions. Litecoin, with its significant market capitalization, maintains high liquidity, making it attractive to traders and investors.

As of the latest data, Litecoin is trading at $85.64, reflecting a modest monthly gain of 23.54%. The successful integration of PSBT and MWEB support combined with ongoing market dynamics will likely shape Litecoin’s trajectory in the cryptocurrency market.

5. Injection (INJ)

Injective announced a collaboration with AltLayer to pioneer a new re-staking security framework tailored for on-chain inEVM applications. This groundbreaking initiative aims to leverage Injective’s security capabilities and the broader Ethereum ecosystem, which oversees over $400 billion in assets. This integration marks a significant step forward in aligning inEVM more closely with Ethereum and Injective, merging two dynamic layer 1 (L1) ecosystems.

Injective’s inEVM platform also enables Ethereum developers to build applications that can take advantage of Injective’s fast transaction speeds and minimal fees. It also maintains interoperability across WebAssembly (WASM) and Ethereum Virtual Machine (EVM) environments. As a result, Injective is the only L1 blockchain that can balance the interoperability of Cosmos, the speed of Solana, and the developer accessibility of Ethereum.

INJ price chart

In collaboration with AltLayer, Injective inEVM introduces a new design paradigm for EVM transactions. This paradigm involves performing on-chain state verification through a network of economically supported nodes to ensure optimal security and stability across the rollup stack.

1/ Injective is officially collaborating. @alt_layer To create the first re-stake security framework for on-chain #inEVM Application.
inEVM can now leverage Ethereum L1 security to further strengthen the Injective ecosystem as a whole. https://t.co/mhLoHyde6u
— Injection 🥷 (@injective) March 15, 2024

Additionally, over the past week, the price of injectives has experienced a slight increase of 5.44%. Currently, Injective ranks 5th in DeFi coins and 2nd in Layer 2. The token also ranked first in the AI cryptocurrency category.

Additionally, market sentiment surrounding Injective is bullish, with the Fear and Greed Index indicating an extreme greed level of 81. Looking at its performance over the past year, INJ has seen an incredible price surge, up 897% and surpassing 96%. Top 100 Crypto Assets. Injective is trading approximately 294.78% above its 200-day simple moving average (SMA) of $11.02.