Best Cryptocurrencies to Buy Now March 8 – BNB, Sei, Polygon

adminMarch 8, 2024

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

find Best Cryptocurrencies to Buy Now, it’s a never-ending task, with dozens of tokens being launched every day on CEX and DEX platforms.

In the cryptocurrency market, investors are always looking for opportunities to increase their portfolio and earn significant returns. Among the available options, it is often difficult to distinguish between promising and less advantageous projects. Nonetheless, this article simplifies this task by performing a market analysis, identifying cryptocurrencies that are gaining momentum, and demonstrating real growth potential.

Best Cryptocurrencies to Buy Now

The cryptocurrency market is showing various trends, and with the continued bullish trend, several altcoins are likely to surprise investors. Recently, Polygon has been seeing an increase in active addresses, suggesting that this could lead to a potential price increase. KCS is trading 63.48% above its 200-day simple moving average (SMA). Additionally, the SCOTTY pre-sale has raised $3,947,162.51, with 9 days left until the next phase begins.

1. SIX

The emergence of Sei (SEI) in the cryptocurrency market was notable. Sei quickly gained attention, boasting impressive trading volume of close to $1.9 billion in just two days of trading. This rapid rise is largely due to its seamless integration with USDC and its reputation for reliability through its focus on fast transactions and minimal fees.

As of late January 2024, Sei (SEI) was valued at approximately $0.6585, indicating a promising start for the new entrant to the market. According to the latest data, the intraday growth rate is 11.80%. The current transaction value is $0.9219. Moreover, Sei’s predictions are optimistic. There is a possibility that it could rise to $1.66 within the year, suggesting that further growth is expected in the coming years.

SEI price chart

These forecasts are supported by Sei’s strategic strategy, including the transition to Sei V2 and a firm commitment to carbon neutrality. These factors strengthen its appeal within the cryptocurrency community. The latest collaboration with Meta Akita represents Sei’s commitment to building culturally significant partnerships, especially within Japan.

The Sei community is a pleasure to work with. @Meta AkitaThis is a pioneering initiative of the famous Akita Inu Preservation Association 🐕
Sei continues to build culturally important relationships in Japan, and with these Seiyans, you can expect adorable NFTs and devoted Akitas… pic.twitter.com/vN1UMj6AgG
— Sei 🔴💨 (@SeiNetwork) March 5, 2024

The alliance’s goal is to bring the Akita dog breed into the digital realm by combining Web3 technology with Japan’s rich cultural heritage. Through this partnership, Sei and Meta Akita hope to pioneer a new era of digital innovation by incorporating the essence of the Akita dog into the Web3 space. Leveraging Sei’s strong infrastructure along with Meta Akita’s expertise, this collaboration aims to foster a vibrant dog culture within the cryptocurrency community and foster stronger connections within and beyond Japan.

Despite its promising trajectory, SEI faces challenges common in the cryptocurrency market. Our ability to maintain momentum and attract decentralized exchanges (DEXs) to our platform will be pivotal to our continued success. Sei (SEI) presents an attractive proposition with an innovative trading approach and recent upgrades.

2. Polygon (MATIC)

Polygon reported a significant surge in active addresses, indicating heightened interest ahead of a potential price increase. Last month, the number of active MATIC addresses increased by almost 60%. This surge coincides with the price rising from $0.83 to $1.14.

However, recent data suggests activity is stabilizing, which historically indicates price stability or correction. The growth in active users on the Polygon network is noteworthy. The number of active MATIC addresses increased from 10,439 to 15,708 in one month.

MATIC price chart

This rise was associated with a 37.35% increase in the market price. Despite this, MATIC is yet to revisit its April 2023 high of $1.14. Additionally, Polygon is a platform designed to solve the scalability issues of the Ethereum network. Its main component, the Polygon SDK, provides a user-friendly framework for building many types of applications.

The world is waking up to Polygon CDK. https://t.co/buxKNUnSKM
— polygon | Aggregated (@0xPolygon) March 4, 2024

Polygon also aims to improve scalability, interoperability, and flexibility by transforming Ethereum into a multi-chain system. This approach is similar to other multi-chain platforms such as Polkadot and Cosmos. MATIC’s current value is $1.16, showing an intraday increase of 2.25%.

Additionally, MATIC boasts high liquidity relative to its market capitalization. Market sentiment for Polygon is bullish, with a Fear & Greed Index of 81, indicating extreme greed. The price of MATIC has risen 11% over the past year. It is trading above the 200-day simple moving average, indicating positive momentum.

3. BNB

Binance Coin (BNB) is showing a bullish trend, with the pair breaking above the $450 resistance level and indicating a potential uptrend towards $500. The current price is above $465, supported by the 4-hour 100 simple moving average. A significant break occurred as the price broke the resistance trend line at $430.

BNB price chart

This suggests further upward momentum for the BNB/USD pair. This momentum is evidenced by BNB outperforming Bitcoin and Ethereum. Additionally, Binance has expanded its trading options by introducing a new trading pair of Binance Coin (BNB) against the Japanese Yen (JPY). The move, which goes into effect on March 12, aims to improve user experience by expanding trading choices on the Binance platform.

Welcome to BNB Chain @HypetoonDAO ! 🎉
Not Financial Advice: Understand the risks before making financial decisions. https://t.co/4NveJmMBEB
— BNB Chain (@BNBCHAIN) March 7, 2024

Additionally, to celebrate, Binance will be launching a commission-free trading promotion for all JPY spot trading pairs. This promotion will last from March 12 to April 11, 2024 and offers users the benefit of commission-free transactions. The introduction of these new trading pairs reflects the growing demand and adoption of BNB. Moreover, BNB surged to $477 in recent trading sessions. It is up 8% in the last 24 hours and is currently sitting at $471.

4. Artificial Intelligence Scotty

Artificial Intelligence Scotty It is an emerging crypto project that integrates artificial intelligence (AI) and blockchain technology to protect sensitive information within the crypto space. SCOTTY token aims to leverage advanced machine learning for tasks such as token exchanges and conversation assistants.

🔥Dictionary Update!🔥
ScottyTheAi #1 #memecoin (including AI utility) 2024$Scotty Raised $3.9 million
We have completed our pre-sale and are moving toward a market capitalization of $100 million.
Congratulations early everyone #ScottyDogs Now on pre-sale 👏
Buy Now: https://t.co/zRmy4g8hfW#bitcoin… pic.twitter.com/ZjBYOgzIG5
— Scotty The Ai (@ScottyThe_Ai) March 8, 2024

AI Scotty’s unique feature is ScottyChat, an AI-powered chatbot that revolutionizes cryptocurrency discussions and improves user engagement. ScottyChat uses AI algorithms to deliver real-time market insights, analysis, and personalized recommendations in a conversational format. This interactive platform allows investors to exchange ideas and gain valuable insights into the digital asset landscape.

Scotty AI’s tokenomics also include a fixed token supply of 1.73 billion SCOTTY tokens, compliant with the ERC-20 standard and emphasizing community participation. The project’s development roadmap prioritizes strengthening security, community engagement, and market outreach. Additionally, Scotty AI aims to improve security standards in the cryptocurrency space, potentially leading to superior performance in the market.

The ongoing pre-sale phase provides early backers with an opportunity to acquire. Scotty Tokens are offered at favorable prices, with token prices gradually increasing with each round. The 16th round is currently underway, offering SCOTTY tokens at $0.0083 each. The presale amount is $3,947,162.51, with 9 days left until the next step.

Visit Scotty AI Presale

5. KuCoin Token (KCS)

KuCoin is proud to introduce the KuCoin Account Binding Token (KABT). This innovation revolutionizes on-chain identity within the dynamic KuCoin Web3 ecosystem. In collaboration with Mocaverse and Halo Wallet, KABT allows users to participate in reward missions and enjoy exclusive benefits within the KuCoin ecosystem. Users can seamlessly navigate different areas of the Web3 world.

KCS price chart

This news increased interest in the KuCoin token, which surged 10.69% during the day to $14.49. Meanwhile, KCS’s market sentiment is optimistic and its greed score hit 81 as buying pressure increases.

📢 Proudly introducing #KuCoin Account bound token (#KABT), which provides users with a decentralized identity within the Web3 realm. 🌐
partner with @Mocha Bus NFT and @HaloDotSocial, KABT unlocks exclusive missions and rewards! 🎁💰
Issue KABT now and take action! 👇
— Kucoin (@kucoincom) March 7, 2024

Over the past 30 days, KuCoin tokens have experienced 20 green days, indicating positive performance relative to the token sale price. This translates into positive ROI in USD, BTC and ETH. Moreover, the price of KuCoin tokens surged 71% last year, trading well above the 200-day simple moving average of $8.86. It is currently trading 63.48% above its 200-day SMA.