Blockchain

Best Crypto to Buy Now March 8 – BNB, Sei, Polygon

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Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched on CEX and DEX platforms daily.

In the crypto market, investors always seek opportunities to increase their portfolios and achieve significant returns. It’s often difficult to differentiate between promising and less favorable projects among the options available. Nonetheless, this article streamlines this task by performing market analyses, identifying cryptocurrencies gaining momentum, and showing potential for substantial growth.

Best Crypto to Buy Now 

The cryptocurrency market is showing various trends, with several altcoins potentially holding surprises for investors amidst the ongoing bullish trend. Recently, Polygon has seen an increase in active addresses, suggesting growing interest that could lead to a potential rise in its price. KCS is trading at a significant 63.48% above its 200-day Simple Moving Average (SMA). Additionally, the SCOTTY presale has raised $3,947,162.51, with nine days left before the next stage begins.

1. Sei (SEI)

The emergence of Sei (SEI) into the cryptocurrency market has been outstanding. Boasting impressive trading volumes nearing $1.9 billion within just its second day of trading, Sei has quickly made its mark. This rapid ascent is largely attributed to its seamless integration with USDC and its emphasis on fast transactions and minimal fees, garnering it a reputation for reliability.

As of late January 2024, Sei (SEI) was valued at approximately $0.6585, indicating a promising start for this newcomer to the market. Recent data reveals an intraday increase of 11.80%. Its current trading value sits at $0.9219. Moreover, Sei forecasts are optimistic, with projections hinting at a potential climb to $1.66 within the year and further growth anticipated in subsequent years. 

These predictions are underpinned by Sei’s strategic maneuvers, including its transition to Sei V2 and a firm commitment to carbon neutrality. These factors enhance its appeal within the crypto community. A recent collaboration with Meta Akita signals Sei’s dedication to forging culturally significant partnerships, particularly within Japan. 

This alliance aims to bring the Akita Inu breed into the digital realm, merging Web3 technology with Japan’s rich cultural heritage. Through this partnership, Sei and Meta Akita aspire to pioneer a new era of digital innovation, infusing the essence of the Akita Inu into the Web3 space. Leveraging Sei’s robust infrastructure alongside Meta Akita’s expertise, the collaboration aims to cultivate a vibrant dog culture within the crypto community and foster stronger connections within Japan and beyond.

Despite its promising trajectory, SEI faces challenges typical of the crypto market. Its ability to sustain momentum and attract decentralized exchanges (DEXes) to its platform will be pivotal for its continued success. Sei (SEI) presents a compelling proposition with its innovative trading approach and recent upgrades.

2. Polygon (MATIC)

Polygon has experienced a significant surge in active addresses, indicating heightened interest that may precede a potential price increase. Last month, the number of active MATIC addresses increased by nearly 60%. This surge coincides with a rise in price from $0.83 to $1.14. 

However, recent data suggests a leveling off in activity, which historically signals price stability or a correction. The increase in active users on the Polygon network is notable. The count of active MATIC addresses has risen from 10,439 to 15,708 within a month. 

MATIC Price Chart

This uptick correlated with a robust 37.35% increase in market price. Nonetheless, MATIC has yet to revisit its peak price of $1.14 from April 2023. Furthermore, Polygon is a platform designed to address scalability issues on the Ethereum network. Its primary component, the Polygon SDK, provides a user-friendly framework for building various types of applications. 

Moreover, Polygon aims to improve scalability, interoperability, and flexibility by turning Ethereum into a multi-chain system. This approach resembles other multi-chain platforms like Polkadot and Cosmos. MATIC is currently valued at $1.16 and has shown a 2.25% intraday increase.

Additionally, MATIC boasts high liquidity based on its market capitalization. Market sentiment towards Polygon is bullish, with the Fear & Greed Index indicating extreme greed at 81. MATIC’s price has increased by 11% over the past year. It is trading above its 200-day simple moving average, indicating positive momentum. 

3. BNB (BNB)

Binance Coin (BNB) has been displaying a bullish trend, surpassing the $450 resistance level and indicating a potential uptrend towards $500. The current price stands above $465, supported by the 100 simple moving average over 4 hours. A significant breakthrough occurred with the breach of a resistance trend line at $430. 

BNB Price Chart

This suggests further upward momentum for the BNB/USD pair. This momentum is evidenced by BNB outperforming Bitcoin and Ethereum. In addition, Binance has expanded its trading options by introducing new trading pairs for Binance Coin (BNB) against the Japanese yen (JPY). This move, effective March 12, aims to broaden the trading choices available on the Binance platform, enhancing user experience. 

Furthermore, Binance will implement a zero-fee trading promotion for all JPY spot trading pairs to mark the occasion. This promotion will last from March 12 to April 11, 2024, benefiting users with fee-free transactions. The introduction of these new trading pairs reflects the increasing demand and adoption of BNB. Moreover, BNB has surged to $477 in recent trading sessions. It has exhibited an 8% increase in the last 24 hours and is currently resting at $471.

4. Scotty the AI (SCOTTY)

Scotty the AI is an emerging crypto project that integrates artificial intelligence (AI) with blockchain technology to safeguard sensitive information within the crypto space. The SCOTTY token aims to leverage advanced machine learning for tasks like token swapping and conversational assistants. 

A unique feature of Scotty the AI is ScottyChat, an AI-driven chatbot that revolutionizes crypto discussions and enhances user engagement. ScottyChat employs AI algorithms to provide real-time market insights, analysis, and personalized recommendations in a conversational format. This interactive platform allows investors to exchange ideas and gain valuable insights into the digital asset landscape. 

Furthermore, Scotty the AI’s tokenomics include a fixed token supply of 1.73 billion SCOTTY tokens, adhering to the ERC-20 standard and emphasizing community involvement. The project’s development roadmap prioritizes security enhancements, community engagement, and market outreach. Moreover, Scotty AI aims to elevate security standards in the crypto space, potentially becoming a standout performer in the market. 

The ongoing presale stages offer early supporters the chance to acquire SCOTTY tokens at favorable prices, with each round progressively increasing the token price. The 16th round is currently active, offering SCOTTY tokens at $0.0083 each. The presale has amassed $3,947,162.51, with nine days remaining before the next stage. 

Visit Scotty the AI Presale

5. KuCoin Token (KCS)

KuCoin proudly introduces KuCoin Account-Bound Tokens (KABT). This innovation revolutionizes on-chain identity within the dynamic KuCoin Web3 ecosystem. Collaborating with Mocaverse and Halo Wallet, KABT enables users to participate in rewarding missions and unlock exclusive benefits within the KuCoin ecosystem. Users can seamlessly navigate different realms of the Web3 world.

KCS Price Chart

This news has increased interest in KuCoin Token, which surged 10.69% intraday to $14.49. Meanwhile, KCS’ market sentiment is bullish, accompanied by a greed score of 81 as buying pressure increases.

Over the past 30 days, KuCoin Token has experienced 20 green days, indicating positive performance compared to the token sale price. This translates to a positive ROI in USD, BTC, and ETH. Moreover, over the last year, KuCoin Token’s price has surged by 71%, trading well above the 200-day simple moving average at $8.86. Currently, it is trading 63.48% above the 200-day SMA.

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