Blockchain

Best Crypto to Buy Now January 24 – Celestia, VeChain, Sei 

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InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.

The altcoin market faced a significant setback as Bitcoin dipped below the crucial $40,000 mark. Prominent coins like Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) experienced declines exceeding 5%, with some recording losses surpassing 10%. However, a few altcoins have demonstrated resilience in the market. This article analyses the top-performing cryptocurrencies that are currently making an impact.

Best Crypto to Buy Now

Today’s article analyzes the top tokens crucial for investors seeking growth opportunities. Moreover, Celestia has emerged as a trailblazer in the blockchain world, presently trading at $16.52. Furthermore, this article analyses VeChain’s integration with Ledger Live and Sei’s recent market movements.

1. Celestia (TIA)

Celestia has emerged as a trailblazer in the world of blockchain, championing the modular blockchain paradigm. Positioned as a crucial data availability and consensus layer, Celestia plays an essential role in supporting various blockchains, spanning both Layer 1 and Layer 2.

Moreover, TIA currently holds a value of $7.13. Its appeal as a beginner-friendly cryptocurrency lies in its notable features and the innovative modular data availability design. Despite a 7% dip from its peak, TIA has demonstrated resilience, establishing a support level at the $20 mark. 

Furthermore, the cryptocurrency’s trading volume is on a steady ascent, witnessing a daily average increase of 25%, positioning Celestia as the best crypto to buy now. Presently trading at $16.52, TIA has experienced a 12.90% increase from its previous price amid the prevailing bearish market sentiment. Analysts predict a potential surpassing the $20 all-time high by the end of February, highlighting the coin’s promising trajectory.

In summary, Celestia’s modular blockchain approach and performance underscore its significance in cryptocurrency. With a focus on educating investors, the analysis provides insights into the project’s goals and claims, shedding light on its potential in the market dynamics.

2. VeChain (VET) 

In a recent announcement, the CEO of VeChain revealed a strategic collaboration with a leading global university. This signals a move towards expanding the blockchain network’s reach and fostering sustainability. While specific details about the partnership remain undisclosed, it is evident that this initiative aligns with VeChain’s goal of incorporating billions of individuals into the blockchain ecosystem.

Simultaneously, VeChain has unveiled an integration with Ledger Live, enhancing the secure management of VeChain Tokens (VET). This development eliminates the need for third-party intermediaries, giving users direct control over their VET assets. The move is applauded by the VeChain community, emphasizing the project’s commitment to sustainability and scalability in the crypto space.

VET Price Chart

The integration into Ledger Live streamlines the management of VET and reinforces security features. It offers a user-friendly experience for handling VET and VeThor Tokens (VTHO). This strategic step marks a significant advancement in VeChain’s mission to build a digital economy focused on sustainability.

Furthermore, VET is trading above its 200-day simple moving average, showcasing a positive trend. The coin has experienced a 7.84% price increase in the last 24 hours. Moreover, it has seen a commendable 16% surge last year. VET has outperformed 51% of the top 100 crypto assets last year.

VeChain’s commitment to sustainable blockchain solutions positions the project as a notable player in the crypto space. In addition, VeChain remains an exciting project to watch for those interested in the intersection of blockchain and sustainability.

3. Sei (SEI)

Sei (SEI) has drawn attention in recent market movements for its notable upswing, closely mirroring the trajectory observed in Myro’s price. The token shows promise for substantial growth and is steadily approaching a significant milestone.

SEI Price Chart

Currently oscillating between $0.572 and $0.799, Sei (SEI) has established support levels at $0.268 and $0.495. Moreover, the coins’ resistance levels are at $0.950 and $1.177. The 10-day Moving Average, positioned at $0.617, and the 100-day Moving Average, at $0.709, indicate an overall positive trend. 

Furthermore, Sei (SEI) has seen a commendable intraday increase of 13.48% in price. The current circulating supply of SEI is 2.43 billion SEI out of a maximum supply of 10 billion. In the Proof-of-Stake Coins sector, Sei (SEI) holds the #10 position and is ranked #25 in the Layer 1 sector.

With a robust performance throughout December and solid fundamentals, Sei (SEI) seems poised for a positive trajectory in terms of valuation. The data suggests a resilient and potentially lucrative investment opportunity within the crypto space.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix is introducing an innovative Stake-to-Mine system powered by smart contracts on the Ethereum blockchain. This approach allows investors to stake and burn tokens to earn mining power. Therefore, it establishes a secure system that surpasses conventional cloud mining methods.

The project boasts a substantial stake of over 400,000 BTCMTX tokens, indicating a strong foundation. With an initial annual percentage yield (APY) of 103,225%, subject to change based on increased token staking, Bitcoin Minetrix is gaining attention in the crypto community.

The token distribution strategy is carefully planned, with 42.5% allocated for mining operations, demonstrating a commitment to building a robust mining infrastructure. An additional 35% is earmarked for marketing and expanding BTCMTX, fueling the platform’s growth. Meanwhile, 15% rewards the community, and the remaining 7.5% is set aside for staking rewards.

Furthermore, the project has raised over $9,165,666.81, nearing its goal of $9,906,166. Moreover, investors acquired 70% of the total token supply, amounting to 2.8 billion BTCMTX, using Ethereum (ETH) or Tether (USDT) with a minimum investment of $10. The staking system alleviates selling pressure once tokens hit exchanges, suggesting growth potential.

In addition, the project emphasizes an environmentally conscious mining process, addressing concerns about Bitcoin‘s environmental impact. The cloud-based approach minimizes the carbon footprint associated with traditional mining operations.

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5. Internet Computer (ICP) 

The recent collaboration between Internet Computer (ICP) and Ethereum marks a significant development in the blockchain space. This partnership unfolds in two phases, each contributing to potential transformative impacts on the crypto landscape.

In the initial phase, a contract named a canister serves as a bridge, facilitating direct communication between Ethereum and Internet Computer. This eliminates the need for intermediaries, enhancing the interoperability of smart contracts on Internet Computer with the Ethereum ecosystem. This connection opens up novel opportunities for creators and users alike.

ICP Price Chart

The subsequent phase introduces new tokens within the Internet Computer platform, such as ckETH and ckERC-20. These tokens are designed to streamline transactions, particularly for users of ICP’s decentralized exchanges (DEXes). Furthermore, they offer improved speed and cost-effectiveness.

This collaboration has already influenced the value of Internet Computer’s native cryptocurrency, with positive trading performance surpassing the 200-day average and outperforming its initial token sale price. Additionally, the project’s liquidity further contributes to its favorable position, as reflected in its market capitalization.

Moreover, the outlook for Internet Computer’s price appears optimistic, supported by a Fear & Greed Index at 65 (Greed), indicating market optimism. The ongoing integration is anticipated to bring notable changes, with close attention on how it shapes the broader cryptocurrency landscape.

In the crypto scene, tokens have experienced fluctuations as investors grappled with the potential impact of capital inflows. Bitcoin saw a 2.2% decline in its price. Ethereum experienced a 6.4% decrease, while Dogecoin faced a 5.9% dip.

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