Best Cryptocurrencies to Buy Now May 3 – Toncoin, Bittensor, Cronos

adminMay 4, 2024

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Insidebitcoins analyzes and makes choices every day. best cryptocurrency We invest based on recent market trends and developments.

Today, the cryptocurrency market is up 3.03% in the last 24 hours, highlighting potential opportunities for some altcoins. Several promising tokens are currently offering investors an entry point into the market. This analysis identifies the best altcoins for potential investment today, with the goal of guiding investors seeking significant returns.

Best Cryptocurrencies to Buy Now

Pantera Capital’s massive investment in the Open Network blockchain has led to a 9% surge in the value of Toncoin, pushing its price above $5. Likewise, Cronos has shown consistent positive performance, up 2.52% intraday and 0.33% over the past week. Additionally, the eTukTuk project is gaining traction, having raised over $3 million from investors in the pre-sale phase.

Bittensor has recently experienced notable price dynamics, with the stock rising 3.97% to $399.85 over the last 24 hours. meantime, stackBitcoin’s prominent layer 2 (L2) network has achieved a significant milestone, recording its highest number of active users to date.

1. Toncoin (TON)

Toncoin has been gaining significant attention in the cryptocurrency market over the past six months. Data from Santiment shows a 110% increase in non-empty Toncoin wallets, indicating growing interest and investment in the project. Additionally, Pantera Capital recently announced a significant investment in The Open Network blockchain.

The announcement caused Toncoin’s value to surge 9%, pushing its price above $5. Latest update As of now, Toncoin is trading at $5.39, reflecting a significant 12.53% rise over the last 24 hours. The token is currently trading 167.64% above its 200-day simple moving average (SMA) of $2.03, indicating a bullish long-term price trend.

TON price chart

Additionally, Toncoin’s partnership with Arkham enhances its future prospects. The goal of this partnership is to seamlessly integrate Arkham’s data into the Telegram Mini App, accessible to 900 million Telegram users. Arkham will also integrate support for TON into its platform as part of this collaboration.

🤝 @ArkhamIntel joined forces with #ton!
Soon 900 million @telegram Users can seamlessly access Arkham data through the Telegram Mini app. Arkham will also include TON support on its platform! 💎
Learn more ⬇️ https://t.co/j1WqvMEbN4
— TON 💎 (@ton_blockchain) May 2, 2024

Experts are also very optimistic about TON, predicting that its value could potentially reach $12.77 by mid-June. This prediction is supported by potential developments that could further enhance Toncoin’s market exposure and value.

Additionally, Toncoin has shown growth through strategic partnerships and investments. The project’s future success will depend on continued market developments and regulatory approvals that could push its value to new levels.

2. Bit Tensor (TAO)

Bittensor has recently witnessed notable changes in its price dynamics. In the last 24 hours, the price rose 3.97% to $399.85. This upward movement goes against the overall trend of the past week, during which Bittensor fell 10.14% from $462.65 to current levels.

Over the past year, Bittensor has seen impressive growth, with its price soaring 771%. This surge puts it ahead of Bitcoin and Ethereum by 94% of the other top 100 cryptocurrencies in terms of performance. Moreover, market sentiment is leaning toward optimism regarding Bittensor’s price predictions.

TAO price chart

However, the Fear and Greed Index stands at 48, indicating a neutral stance among investors. TAO is trading above its 200-day simple moving average and close to its cycle high, suggesting a strong position within its trading range.

Bittensor’s recent price action highlights its potential for significant long-term gains, thanks to its significant growth figures over the past year. However, as with all investments, it is important to consider market sentiment and broader economic factors when assessing future performance.

3. Kronos (CRO)

Cronos showed consistent positive performance last week, surging 2.52% and 0.33% intraday. The altcoin is currently trading at $0.1296, with its price rising due to its partnership with famous musician Eminem.

CRO price chart

Eminem’s participation marks a strategic move to increase Cronos’ visibility and engagement globally. The recent price rise coincides with Eminem’s endorsement of Crypto.com, where the rapper appeared in a promotional video for the platform. The goal of this collaboration is to attract new users and increase Cronos’ credibility in the highly competitive cryptocurrency market.

🌼 𝗖प्र्त 𝗦𝗽्त𝗴. @Mintednetwork
👉 Minted is your gateway to the decentralized world of NFTs. Minted is on a mission to create a wondrous digital marketplace where everyone can discover, trade, and discover NFT gems. #Chronos. their… https://t.co/n39C5BFDAL
— Cronos (@cronos_chain) May 3, 2024

Moreover, CRO has seen significant growth over the past year, with prices increasing by as much as 83%. It has outperformed 54% of the top 100 cryptocurrencies during this period and is trading above its 200-day simple moving average, indicating bullish momentum. Additionally, the coin has recorded 18 green trading days out of the last 30 days.

4. Polygon (MATIC)

Polygon actively enhances the capabilities of Ethereum by introducing additional sidechains to increase scalability and reduce transaction costs. Despite the recent MATIC price drop, the token maintained a steady weekly growth rate of 1.95%.

This continued growth has given it a significant market value of $7 billion, putting it in a favorable position among other cryptocurrencies. Additionally, Polygon’s performance relative to the token sale price is significant, indicating a positive move. This is further supported by the high liquidity evident from its significant market capitalization.

MATIC price chart

Analysts are optimistic about Polygon’s future, predicting potential price targets rising to $1.2, $5.4, and even $55. A comparison to Ethereum’s initial trajectory suggests that Polygon could experience significant upward momentum if it breaks the current trendline.

Currently, the price of MATIC follows a channel down pattern. A break above the $0.75 resistance level could signal a reversal in the bullish trend, potentially reaching a high near $0.901. This move signals a change in sentiment and could attract further investor interest in the Polygon ecosystem.

5. Ituk Tuk (TUK)

that much Ituktuk The project is gaining traction in the pre-sale phase, having raised over $3 million from investors attracted by its green and blockchain-centric approach to global transportation solutions. The project aims to replace existing fossil fuel-powered tuk-tuks with environmentally friendly electric versions known as solar-powered “eTukTuks”.

Power up your engine and hit the streets!
Our #eTukTuk A game has been released that takes you on an exciting adventure through a bustling cityscape.
Download now and test your driving skills! 🚗💨
App Store: https://t.co/FizzJt9VAI
Google Play Store: https://t.co/BKQoTm6UZg pic.twitter.com/4wAaUDU2Gy
— eTukTuk (@eTukTukio) May 2, 2024

Additionally, TUK’s social media community is growing rapidly, with thousands of members enthusiastically discussing the impending exchange listings. With the project on track to reach its $10 million hard cap goal, focus is shifting to securing listings on major exchanges.

Built on Binance Smart Chain (BSC), eTukTuk benefits from lower transaction costs in line with sustainability goals. Exchange listing on a prominent platform could improve eTukTuk’s visibility and provide better liquidity and trading opportunities for TUK holders.

Ituktuk We have built strategic partnerships with influential organizations to advance our mission. With interest and significant funding secured during the pre-sale phase, eTukTuk presents a vision for sustainable transportation solutions, especially in developing countries.

Visit eTukTuk Presale