What is the Best Crypto to Buy Right Now?
‘What is the best crypto to buy right now?’ is a common question asked by investors – in this article, we explore a range of tokens to watch.
The crypto market is known for its volatility, making it hard to identify tokens that can withstand downturns and prosper over time. However, some coins have demonstrated the ability to generate profits in this environment. Investors are constantly looking for tokens that show promise for price appreciation and offer the potential for substantial returns. This article examines tokens aligning with current trends and displaying the potential for significant future growth.
Best Crypto to Buy Now
1. BNB (BNB)
- BNB Chain recently introduced a Rollup-as-a-Service (RaaS) solution to facilitate the development of layer-2 blockchains on its network.
- This service, unveiled on March 14th, offers projects the necessary technical infrastructure to establish layer-2 networks on the BNB Chain. This initiative enhances the platform’s ecosystem.
- The RaaS solution by BNB Chain enables projects to deploy decentralized applications (dApps) across various sectors, including blockchain gaming and decentralized finance.
- Additionally, BNB Chain supports rollup management and offers a “no-code” deployment option, catering to projects with limited coding expertise.
These layer-2 networks, created through BNB Chain’s RaaS service, are constructed on the BNB Smart Chain (BSC), the platform’s foundational layer-1 blockchain and governance chain. Following the announcement, the BNB token experienced a notable surge.
The token increased over 43% within the week, reaching a price point of $613, last observed in December 2021. Presently, the token is trading at $608.37, reflecting a 2.41% intraday increase. Market sentiment towards Binance Coin (BNB) is currently bullish, as indicated by its positive price prediction sentiment and the Fear & Greed Index showing 88 (Extreme Greed).
Furthermore, BNB trades nearly 97% above its 200-day Simple Moving Average (SMA), which is $308.53. BNB Chain’s introduction of the RaaS solution has sparked significant interest and positive market sentiment, leading to a surge in the BNB token price.
2. Theta Network (THETA)
- Theta Network, currently trading at $3.42, has seen an intraday increase of 1.80%. This surge has captured the interest of investors eyeing a potential breakout event. It aligns with a positive trajectory in its weekly chart, hinting at further upward movement.
- Furthermore, Theta Network aims to transform digital content delivery by harnessing blockchain technology. Its goal is to establish a decentralized network for video streaming and content distribution. By incentivizing users to share their bandwidth and resources, Theta aims to enhance streaming quality, lower costs, and ensure fair compensation for content creators.
The platform’s Web3 infrastructure empowers media companies to unlock additional revenues. It also fosters user engagement and explores novel Web3 business models. Notably, Theta Network has showcased remarkable growth, witnessing a price surge of over 200% in the past year.
3. 5th Scape (5SCAPE)
- 5SCAPE promises access to exclusive VR content and enhances gaming experiences. It is a universal currency within the 5th Scape ecosystem, facilitating transactions across games, hardware, and the developer marketplace.
- Additionally, token holders enjoy benefits such as discounts, the ability to stake their tokens for rewards, and voting rights on project decisions.
Moreover, 5th Scape’s ambitious vision revolves around building the world’s first augmented reality (AR) and VR ecosystem, connecting creators and users. Their roadmap includes developing VR games compatible with popular headsets like Oculus Rift and Meta Quest 3, with plans for proprietary hardware in the future.
4. FLOKI (FLOKI)
- Floki has gained significant attention recently and has demonstrated remarkable price performance since the start of March 2024.
- Moreover, FLOKI has surpassed competitors like PEPE, BONK, WIF, DOGE, and SHIB in performance and market capitalization.
Many in the community believe FLOKI’s recent surge could mark its emergence as the next breakout meme coin in the current market cycle. Moreover, FLOKI’s current trading position above the 200-day simple moving average and its record of 21 green days in the last 30 days indicate its strong performance.
5. Chiliz (CHZ)
- Chiliz (CHZ) has recently announced a significant partnership with Grintafy, a platform focusing on the career development of football prospects in the Middle East.
- This collaboration aims to leverage Chiliz’s technological infrastructure and expertise to aid Grintafy’s transition into Web3 and its expansion on an international scale.
Additionally, this partnership offers reciprocal benefits. It provides Grintafy’s knowledge and network in Saudi Arabia to Chiliz’s extensive roster of over 60 sports partners. Following this announcement, CHZ experienced a 3% increase in its price, currently valued at $0.1558. Over the past year, its price has surged by 32%, indicating positive momentum.
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