Best Cryptocurrencies to Buy Now May 20 – NEAR Protocol, The Graph, Theta Network

adminMay 21, 2024

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In this article we analyze: latest market trends We provide insightful recommendations to investors seeking to leverage digital assets through blockchain development.

Every day, Insidebitcoins carefully evaluates different cryptocurrencies to identify the most promising investment options. We analyze the latest market trends, stay abreast of blockchain developments, and monitor the evolving market. Therefore, it is worth exploring the NEAR Protocol, The Graph, and Theta Network as they have the potential for larger returns. These cryptocurrencies have been generating a lot of buzz recently due to their strong market performance and ongoing development.

Best Cryptocurrencies to Buy Now

Arweave attracted significant market attention with a 3.24% increase in the token price to $48.79. Likewise, The Graph has recently experienced an increase of 9.70% over the past few weeks, in line with the broader market recovery. Meanwhile, the NEAR protocol has attracted significant attention from investors due to its impressive rise. The coin’s value has steadily risen, surpassing previous benchmarks and showing strong demand.

1. Arweave (AR)

Arweave has attracted significant market attention, as seen by its recent price movements. As of this writing, the token price is $48.79, a 3.24% increase in price. Arweave’s price forecast is currently positive, with the Fear and Greed Index showing a score of 70, indicating greed.

Moreover, the token is trading above its 200-day simple moving average, suggesting a long-term upward trend. The coin has recorded 17 green days in the last 30 days and is trading near its peak cycle. This means strong market confidence and active trading, along with high liquidity based on market capitalization.

AR price chart

Moreover, Arweave’s network activity has reached unprecedented levels. The network recorded over 700 million transactions in April, highlighting significant adoption and usage. The project is expected to reach 1 billion transactions by the end of May, highlighting its rapid expansion and growing user base.

AR’s price movements and strong network activity indicate significant market interest and adoption. This coin shows strong market performance through trends. Bullish sentiment and significant trading volume suggest continued growth and uptake of the Arweave platform.

2. DOGEVERSE

Doggers It aims to unite Doge investors across multiple blockchains and has raised over $15 million to prepare for its upcoming launch. These funds will support a multi-chain ecosystem to drive community engagement and reward token holders.

Project development is divided into five phases, the first two phases have already been completed. Initially, the project launched a website and established social media channels. Accordingly, pre-sale has begun and is almost over.

In Phase 3, Dogeverse will allocate pre-sale funds to marketing efforts to increase brand visibility. The project also plans to seek listings on cryptocurrency comparison platforms such as CoinMarketCap and CoinGecko, which will help potential investors evaluate the project more efficiently.

So this is a trip to the Milky Way 🌌#memecoin #altcoin #web3 #Solana #Cryptocurrency pic.twitter.com/aplHFkQBCr
— DogeVerse (@The_DogeVerse) May 18, 2024

Step 4 also includes pursuing listing on a decentralized exchange (DEX) platform and subscribing to DEX-related research and analysis tools. The final phase will focus on listing on a centralized platform and introducing additional community incentives.

Dogeverse has attracted investors with a staking mechanism where token holders are rewarded for maintaining their holdings. Currently, stakers can earn an annual percentage yield (APY) of 53% by already staking approximately 30 billion tokens. furthermore, doggers We aim to create a robust multi-chain ecosystem that encourages community participation and rewards token holders.

Visit Dogeverse Presale

3. NEAR Protocol (NEAR)

NEAR Protocol has received a lot of attention from investors due to its impressive rise. The coin’s value has steadily risen, surpassing previous benchmarks and showing strong demand. It is trading at $7.84, up 1.40% intraday.

Additionally, NEAR is trading 390.43% above its 200-day simple moving average (SMA), highlighting its solid long-term performance. The token’s 14-day relative strength index (RSI) is 40.43, indicating that it is currently neutral and capable of sideways trading. Nonetheless, the token’s momentum remains relatively balanced, indicating stability in price movements.

Hello amazing Web3 developers,
Discover how powerful chain signatures are in the NEAR Protocol and how they can enable the true vision of a multi-chain future.
Writer: @mattdlockyer ~ Of @proximityfi https://t.co/Vv6xoMAmyv
— NEAR Protocol (@NEARProtocol) May 16, 2024

NEAR Protocol also recently announced a strategic partnership and integration with CodeXchain, an important development in making blockchain development more accessible. Leveraging NEAR’s sharded blockchain and user-friendly environment, CodeXchain allows users to create a variety of blockchain-based assets, including tokens, NFTs, websites, and applications, without any coding skills.

NEAR price chart

Additionally, these integrations allow developers to showcase their creativity and easily implement their ideas on blockchain. The token’s recent performance and partnerships position it well for future growth. NEAR aims to drive further market interest and drive innovation within the blockchain ecosystem, with a focus on scalability and accessibility for developers.

4. Graph (GRT)

The Graph has recently experienced a rise of 9.70% over the past few weeks, which is consistent with the broader market recovery. Technical analysis shows that the token has crossed the $0.3 threshold and entered a bullish phase. Analysts remain positive and expect further growth to $0.35, which represents the next supply level.

Additionally, the price of GRT has experienced some bullish momentum with the price rising by around 2.61% over the last 24 hours. The 20-day exponential moving average (EMA), currently at $0.29, confirms the upward trajectory.

GRT price chart

Additionally, the Relative Strength Index (RSI) rose positively, indicating bullish potential. The growing demand for AI projects like The Graph, especially after the AI boom, presents an opportunity for investors to participate in the market and explore its potential.

In the first quarter of 2024, The Graph Network saw a significant increase in queries, reaching an all-time high of over 1.5 billion queries, a 65% increase compared to 1 billion in the fourth quarter of 2023. This growth comes with recent updates provided by core developers, so developers can easily benefit from it at a low cost. pic.twitter.com/tBWbAYF6ei
— Graph (@graphprotocol) May 14, 2024

GRT token has shown a positive trend on the year-to-date price chart with a significant rise of 156.91%. Additionally, The Graph performed well relative to its initial token sale price.

Additionally, it maintains high liquidity relative to market capitalization to ensure efficient trading activities. The token’s recent performance presents a positive outlook for investors seeking opportunities in the cryptocurrency market.

5. Theta Network (THETA)

The Theta Network is a Web3 blockchain infrastructure that powers video, AI, and entertainment. The platform also facilitates decentralized peer-to-peer video delivery. Users can earn THETA tokens by sharing computing resources, potentially reshaping online streaming by eliminating the need for centralized content delivery networks.

The current price of THETA is $2.30 per token, up 6.31% over the day. Over the past week, THETA has surged 13.81%, with monthly performance showing an increase of 7.33%. Theta token price prediction sentiment is currently bearish, with the Fear and Greed Index reading at 70 (greed).

THETA price chart

Moreover, THETA is currently trading 73.35% above its 200-day SMA of $1.329240. It experienced a 166% price increase last year, outperforming 66% of the top 100 cryptocurrency assets and surpassing Bitcoin and Ethereum. Analysts predict that THETA could reach a maximum price of $3.28 and an average price of about $2.97 by the end of 2024.

They also believe that the token’s minimum price of $2.79 could be reached if the cryptocurrency market experiences a major bearish trend. As AI technology advances and gains greater adoption, the Theta network could witness significant growth in price and market capitalization.