Best Cryptocurrencies to Buy Now May 13 – Arweave, Kaspa, BNB

Insidebitcoins evaluates. best cryptocurrency We make daily selections based on current market trends, recent blockchain developments and emerging narratives to identify promising investment opportunities.

Toncoin is witnessing increasing adoption, with USDT – TON exceeding 200 million. Not long ago, the TON Network achieved another milestone after its TVL value increased by 900% in March. Moreover, BNB has printed green even amidst a calm market outlook. News of this development has market participants looking for the best cryptocurrency to buy right now. Insidebitcoins seeks to facilitate this search by presenting a list of tokens that best fit this description.

Best Cryptocurrencies to Buy Now

Arweave’s recent rise in value is closely tied to the launch of Arweave AO, a new blockchain designed to increase efficiency and speed of transactions. These developments have sparked interest within the cryptocurrency community. Meanwhile, BNB gained attention after a trader’s optimistic $800 price target prediction highlighted its potential growth trajectory. Likewise, Kaspa experienced a 7.11% price increase over the past week after unveiling its detailed 2024 roadmap, demonstrating positive investor sentiment towards its plans.

1. Arweave (AR)

Arweave is known for its decentralized storage network that can retain data indefinitely. It powers Permaweb, a decentralized web hosting platform that uses the native cryptocurrency AR for miner rewards. Arweave (AR) has shown some interesting dynamics during recent trading periods.

In the last 24 hours, AR fell 8.79% to $39.06. However, its value has surged 49.57% over the past month, giving investors hope. Arweave also saw a 41.05% increase in trading volume over the last 24 hours, reaching $148 million.

This surge in trading activity indicates significant interest relative to market size. According to the latest data, AR is valued at $39.06, reflecting an impressive 42.94% increase in 30 days. Arweave’s upward momentum in value is due to the launch of Arweave AO, a new blockchain that aims to improve efficiency and transaction speeds.

Despite the price fluctuations, the token remains stable above $30, suggesting potential for further growth. Moreover, the sentiment around Arweave’s price prediction is currently bullish, as evidenced by the fact that its Fear and Greed Index is 57 (greed).

Additionally, the token trades above its 200-day simple moving average. AR’s 14-day relative strength index (RSI) is 41.65, indicating a neutral position and near-term upside potential. In particular, Arweave has consistently shown positive performance, with 17 (57%) of the last 30 days being green.

2. BNB

BNB recently received a lot of attention due to one trader’s bold prediction of an $800 price target. This prediction highlights the token’s potential within the cryptocurrency market. This surge in interest coincided with on-chain activity within the BNB Chain ecosystem.

Indicators show that the number of daily active addresses on the BNB chain increased significantly, from 1 million in early April to 2 million at the end of the month. At the same time, daily trading volume on the BNB chain more than doubled from approximately 3 million to over 6 million.

This on-chain activity highlights BNB’s expanded utility and relevance, indicating promising prospects for the token’s value. At press time, BNB is trading at $597.49, up 1.19% over the last 24 hours. Market sentiment is currently bullish with the Fear and Greed Index at 57 (Greed).

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— BNB Chain (@BNBCHAIN) May 13, 2024

Moreover, BNB is trading at $427.54, which is 39.88% above its 200-day simple moving average (SMA). Additionally, BNB has shown positive performance in token sales when measured against USD, BTC, and ETH.

The token’s resilient performance and growth point to a potentially exciting future within the cryptocurrency industry. With the solid foundation and expanded functionality within the BNB ecosystem, the bullish sentiment of traders is taking price predictions to new heights.

3. Sirana (SEAL)

New Zealand It quickly captured the attention of the cryptocurrency community. Marketed as a humorous project themed around “chubby seals diving deep into the Solana Sea,” Sealana offers a fun and potentially lucrative investment opportunity.

👋Hello everyone! 🇺🇸

I heard that some people are having trouble purchasing. $SEAL ❌ So for the convenience of you lizard-skinned liberals, we $SEAL #multichain I’ll let you buy it later #Ethereum! So grab a cold drink, sit back, and let us show you how to fill up your truck… pic.twitter.com/3dsuUScSbw

— Sealana (@Sealana_Token) May 9, 2024

However, the project portrays Sealana as a fun character who is really into cryptocurrency trading but has abandoned his youthful appearance because he spends too much time eating chips and canned tuna while trading. So the story resonated with investors, as evidenced by a successful pre-sale that raised $125,000.

Crypto Gains, a popular cryptocurrency YouTuber with over 130,000 subscribers, discussed Sealana as a promising meme coin worth watching. His endorsement shows that more people are interested in meme coins even as the overall cryptocurrency market changes significantly.

Additionally, ICO participants will receive 6,900 SEAL tokens for every 1 SOL contribution. This approach encourages early adoption and is consistent with the growing interest in meme coins on the Solana network. Sealana’s unique concept and integration with Solana has garnered significant community interest and support.

The appeal of Sealana lies in its entertainment value and potential for early adoption. However, investors should remain vigilant and evaluate their risk tolerance before committing funds to this or any other meme coin project.

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4. Toncoin (TON)

Toncoin has shown resilience, maintaining a stable price and increasing its value by a significant 23.25% over the past week. This positive move is supported by a bullish trend as shown on the 4-hour chart, with TON finding strong support at around $5.64. The buying pressure successfully pushed the token above the resistance level of $6.24 and the price is currently hovering at $7.28.

Meanwhile, the newly launched USDT – TON stablecoin has rapidly gained popularity since its launch, reaching $200 million in circulation in less than a month. This achievement represents a notable pace of growth within Tether’s USD-pegged stablecoin offering.

USDT-TON’s significant growth reflects market confidence in its stability and usefulness. USDT – TON, a stablecoin pegged to the US dollar, aims to provide users with a trustworthy digital asset for transactions and value preservation.

Additionally, the rapid adoption of Toncoin and USDt – TON demonstrates the changing world of cryptocurrencies and shows that more people want stable and effective digital assets. This trend in blockchain technology highlights how important stablecoins are becoming for secure transactions. Investors must remain cautious and informed about participating in these rapidly changing markets.

5. CAS

Kaspa’s price has risen 7.11% over the past week following the release of its 2024 roadmap. This strategic plan details important milestones, including the public testnet launch in May and the official launch of the KRC 721 protocol in June.

These developments are expected to significantly enhance the Kaspa ecosystem by introducing smart contract functionality. The recent price surge reflects growing investor confidence in Kaspa’s future prospects. The announcement of a public testnet in May marks an important step toward demonstrating the platform’s capabilities in a controlled environment ahead of full deployment.

This testnet also allows developers and users to experiment with the protocol and identify potential issues or improvements. At the time of writing, Kaspa’s price was $0.1177, with an intraday decline of 4.72%.

The Prelude has begun…

Golang Kaspad v0.12.17 released: https://t.co/RB5lO2xAAi

This version includes several wallet changes to bring transaction composition logic to dustpatch. #KIP9 (Preparing for hashrate migration) #rust Nodes that implement KIP9… pic.twitter.com/1A7lOpvFSr

— Case(@CurrencyCurrency) May 13, 2024

However, KAS recorded a price increase of 482% over the past year, exceeding 87% of the top 100 cryptocurrency assets during this period. This price rise has positioned the token above its 200-day simple moving average, indicating a strong upward trend in its valuation.

Additionally, the token has high liquidity, as evidenced by its significant market capitalization. These indicators suggest that the cryptocurrency has demonstrated impressive growth and market performance.

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