Blockchain

Best Crypto to Buy Now December 17 – Maker, TG.Casino, EOS

Join Our Telegram channel to stay up to date on breaking news coverage

‘Best crypto to buy now’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.

In a recent analysis, the cryptocurrency market has shown significant gains in 2023. Bitcoin has risen by over 107%, and Solana has skyrocketed by more than 650%. However, despite these successes, many top cryptocurrencies remain about 70% below their all-time highs from two years ago, raising questions about the sustainability of the positive trends.

Avalanche and Chainlink stand out as potential bargains in this scenario. Avalanche brings unique features, making its current valuation worth exploring. Similarly, Chainlink’s current market standing prompts consideration of its future potential in the broader blockchain ecosystem.

Best Crypto to Buy Now

The decentralized finance (DeFi) sector contributed $7.07 billion, comprising 14.90% of the cryptocurrency market volume. However, stablecoins exhibited significant prominence, representing $41.81 billion in trading volume, equivalent to 88.16% of the total cryptocurrency market activity within the same timeframe.

1. EOS (EOS)

EOS Labs and EOS Network Foundation (ENF) recently teamed up with the EOS Stable Coin Chain (ESCC). ESCC is an Ethereum-based blockchain deployed as a smart contract on the EOS Network using a custom EOS EVM architecture. The goal is to boost the EOS ecosystem by creating a faster platform for stablecoin transactions.

EOS Price Chart

ESCC stands out as the first to use stablecoins as gas fees, giving users a unique experience in blockchain. This innovation aims to make interactions more stable, efficient, and user-friendly. ESCC plans to change how stablecoin transactions work by joining forces with EOS. 

They want to use the high-performance EOS EVM technology to make transactions more efficient. Additionally, they aim to use the advanced EOS EVM architecture to transform financial transactions on the blockchain. EOS has shown positive trends following this integration.

It is currently trading above the 200-day simple moving average. EOS also has high liquidity based on its market cap. In the last 30 days, 19 were green days, showing a 63% positive trend. Looking at EOS’s numbers, there are currently 1.11 billion EOS tokens out of a maximum supply of 1.06 billion EOS. 

2. NEAR Protocol (NEAR)

NEAR Protocol has teamed up with Pyth Price Feeds,  integrating real-time market data into the NEAR blockchain. This collaboration is a big deal since Pyth is a significant player, serving over 40 blockchains, and is trusted by big names like Jane Street, CBOE, Binance, OKX, and Bybit.

NEAR Price Chart

Before, Pyth had its feeds on Aurora, an EVM chain on NEAR. Now, it’s fully compatible with the NEAR Protocol. This is good news for the growing DeFi community on NEAR. This is because Pyth’s top-notch financial market data, updating every 300 milliseconds, is now at their fingertips.

Currently, NEAR Protocol is trading at $2.31, with a 24-hour trading volume of $515.46 million. Over the last year, NEAR’s price shot up by 67%, doing better than half of the top 100 crypto assets.

In the past 30 days, NEAR Protocol had 18 green trading days, making up 60% of the period. Its solid liquidity, based on market cap, puts NEAR Protocol at the 22nd spot in the Layer 1 sector.

This collaboration between Pyth Price Feeds and NEAR Protocol is a win-win. NEAR gets high-quality market data, and Pyth expands its reach. This move aligns with the trends in blockchain and  DeFi, making NEAR the best cryptocurrency to buy now.

3. TG.Casino (TGC)

TG.Casino‘s presale campaign has been turning heads in the crypto community, raising over $4,260,014 toward its $5,000,000 goal. The $TGC Token is gaining attention for its unique 25% cashback on betting losses.

The project employs innovative staking and buyback methods to boost rewards and decrease token supply. This aims to increase the TGC token value as the platform grows. Analysts are watching closely to see how these strategies affect TGC’s supply and demand.

Moreover, Presale participants can enjoy an impressive 1,500% Annual Percentage Yield (APY) on their TGC tokens. Early investors are promised exclusive rewards upon the platform’s official launch on Telegram.

In a nutshell, TGC stands out for its inventive staking and buyback mechanisms, showing solidly in its presale. These unique features offer a fresh approach to staking rewards and token value. As the project progresses, experts closely monitor how its mechanisms impact TGC’s supply and demand.

4. Maker (MKR)

Maker’s recent uptrend has placed it among the best crypto to buy now. MKR is currently priced at $1,335.91, showing an intraday increase of 0.55%. This is accompanied with a trading volume of $94.37 million. Its market cap is $1.23 billion, giving it a market dominance of 0.08%. 

MKR Price Chart

Additionally, Maker is trading above its 200-day simple moving average, signaling a positive trend. In the last 30 days, Maker has had 15 positive days, making up 50% of the period. The coin’s liquidity is strong, backed by its substantial market cap.

However, the highest MKR price since the last cycle low was $1,635.29, highlighting the coin’s price volatility. Currently, sentiment around Maker’s price prediction is neutral, as reflected in a Fear & Greed Index 73 (Greed). Furthermore, the token has seen a 145% increase in the last year, outperforming 73% of the top 100 crypto assets during this period. 

Maker’s circulating supply is 918,878 MKR out of a maximum supply of 1.01 million MKR. The current yearly supply inflation rate is -6.01%, resulting in a net reduction of 58,753 MKR last year. Also, Maker ranks 8th in the DeFi Coins sector and 17th in the Ethereum (ERC20) Tokens sector based on market cap.

5. Klaytn (KLAY)

Will Klaytn regain its place as the best crypto to buy now? Over the last year, Klaytn’s price went up by 64%, and it’s been consistently trading above the 200-day average. In the past month, 18 out of 30 days saw positive gains, making up 60% of the total. KLAY currently has a circulating supply of 3.28 billion out of 10.95 billion KLAY.

KLAY Price Chart

0 In the last year, about 256.19 million new KLAY were introduced due to an 8.48% yearly supply inflation rate. Despite this, Klaytn’s market sentiment for price prediction remains neutral. The Fear & Greed Index is at 73, indicating a bit of greed in the market.

However, Klaytn has shown positive growth in the past year, good liquidity, and a steady market position. The sentiment and Fear & Greed Index suggest a balanced outlook. These factors can be helpful for investors looking to understand Klaytn’s current status in the cryptocurrency market.

Read More

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now – BTCMTX
  • Staking Rewards – Over 100% APY

Bitcoin Minetrix


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

You might also like More from author

Comments are closed.

Please enter CoinGecko Free Api Key to get this plugin works.