As interest in digital assets grows, the stablecoin market has expanded significantly, reaching a valuation of $200 billion. These cryptocurrencies, tied to fiat currencies for price stability, have become popular for providing liquidity in crypto trading. Meanwhile, Ripple USD has recently been introduced on major exchanges, with plans for additional listings underway.
With the current bullish market sentiment, this could be an opportune moment for investors to explore high-performing cryptocurrencies with growth potential. This article looks at some of the top cryptocurrencies to invest in now.
Top Cryptocurrencies to Invest in Now
The SAND token is currently valued at $0.6077, reflecting an 8.08% increase over the last 24 hours. Furthermore, MultiversX continues to demonstrate resilience in the cryptocurrency market, with its token trading at $37.73. The Best Wallet presale has garnered significant attention, raising over $4.9 million.
1. The Sandbox (SAND)
The Sandbox is a notable platform that bridges blockchain technology with the gaming sector. This approach targets a significant opportunity, as blockchain adoption in gaming remains relatively untapped.
Since its inception, the platform has aimed to reshape the gaming industry by offering a virtual ecosystem where users can create and trade blockchain-based assets. This strategy has carved a distinct position for The Sandbox in the global gaming market.
The SAND token, integral to the platform’s ecosystem, is currently valued at $0.6077, reflecting an 8.08% increase over the last 24 hours. The token’s market capitalization stands at $1.47 billion, supported by a substantial 24-hour trading volume of $616.16 million, which equates to 41.57% of its market cap. This suggests strong liquidity and active market participation.
Technically, SAND shows resilience, trading 48.18% above its 200-day simple moving average (SMA) of $0.417823. The 14-day Relative Strength Index (RSI) is at 43.37, indicating a neutral trend, which could suggest a potential period of consolidation or sideways movement. Furthermore, SAND has consistently performed, recording 16 green days out of the last 30.
The Sandbox’s position in the market, bolstered by its innovative gaming focus and strong liquidity, makes it a project to monitor closely for potential future developments.
2. MultiversX (EGLD)
MultiversX continues to demonstrate resilience in the cryptocurrency market, with its current price at $37.73. Over the past month, EGLD has experienced a price increase of 22.65%. Its market capitalization is $1.04 billion, while the fully diluted valuation (FDV) is slightly higher at $1.18 billion.
Furthermore, the token has maintained a high trading volume of $92.29 million in the last 24 hours, representing 8.84% of its market cap, indicating healthy liquidity. Technically, MultiversX is trading 8.23% above its 200-day simple moving average (SMA) of $34.97, reflecting a positive trend.
Additionally, its 14-day Relative Strength Index (RSI) of 26.29 suggests that the token is currently oversold and may soon witness upward momentum. Historically, EGLD has shown consistent performance, with 21 green days in the past 30 days, equating to a 70% success rate in positive daily movement.
Slowly, then suddenly.
6.5M+ Total Accounts
2.4M+ DAU
3.3M+ Transactions
And counting… pic.twitter.com/lxAcl7Yzwe
— Multiversᕽ (@MultiversX) December 13, 2024
The protocol’s underlying technology supports scalability through comprehensive sharding, encompassing network, transaction, and state layers. Its smart contract platform boasts impressive performance, achieving up to 100,000 transactions per second with a 6-second latency and a transaction cost of $0.002.
These features align with its goal of becoming a foundational layer for decentralized finance, real-world assets, and the metaverse. Price predictions indicate that EGLD could rise by 29.86%, potentially reaching $47.17 by January 2025, suggesting a favorable outlook for investors.
3. IOTA (IOTA)
IOTA, a blockchain platform known for its focus on the Internet of Things, is gearing up for significant advancements. Co-founder Dominik Schiener has revealed plans to launch its native stablecoin, vUSD, in January 2025. This development is expected to transition IOTA into a full-fledged payment network, signaling a new phase in its ecosystem.
The platform has also been pursuing key collaborations. Recently, it partnered with the prominent exchange BYDFi to enhance access to secure, cost-efficient blockchain solutions for users globally. Additionally, the team is preparing to launch the Rebased Protocol mainnet, which has garnered significant anticipation within the community.
[Update] 🌀 #IOTA just released it's first Move Programming language extension for #VSCode! Get ready for convenience functions like syntax highlighting, autocomplete, advanced navigation & more 🧵⤵️
Download it here: 🔗https://t.co/4KV0lM6wWr pic.twitter.com/QvWgB8vHoZ
— IOTA (@iota) December 13, 2024
Meanwhile, IOTA’s price has declined by 7.92% in the past 24 hours but has surged 84.77% over the past month. Currently trading at $0.33, the token shows strength by staying 71.39% above its 200-day Simple Moving Average (SMA) of $0.1918. The 14-day Relative Strength Index (RSI) at 56.08 suggests that the asset is neutral and could experience a period of consolidation.
Analysts project a bullish outlook for IOTA, suggesting that breaking the $0.4 resistance level could trigger a rally toward $3.5. With 16 green days recorded in the past month and high liquidity, IOTA appears to be well-positioned for potential growth soon.
4. Best Wallet Token (BEST)
Best Wallet aims to position itself as a comprehensive solution for cryptocurrency users, addressing diverse requirements such as asset management, trading, staking, and token discovery. The platform emphasizes user-friendly features to streamline interactions in the often complicated crypto market.
A notable aspect of the ecosystem is its native token, BEST, which provides various benefits for holders. This token plays a central role in the platform, offering incentives that appeal to retail and institutional users.
Additionally, the wallet includes tools that cater to investors during bullish market conditions. One such tool is the ‘Upcoming Tokens’ presale aggregator, which identifies high-potential projects. This feature enables users to purchase presale tokens directly within the platform.
For example, Pepe Unchained (PEPU) leveraged this aggregator to raise $73.7 million, achieving a 200% price increase on Uniswap after its launch. The Best Wallet presale has garnered significant attention, raising over $4.9 million, with each BEST token priced at $0.02325. Given its versatile utility and user-focused offerings, the wallet is increasingly regarded as a promising product for the upcoming crypto bull market.
Visit Best Wallet Token Presale
5. Sei (SEI)
Sei is a unique Layer 1 blockchain tailored specifically for trading, aiming to offer decentralized exchanges (DEXes) improved functionality and efficiency. Sei seeks to address performance gaps often seen in general-purpose blockchains by focusing on this niche.
At press time, SEI tradSei’ses at $0.4731, reflecting an 8.83% increase over the last 24 hours. The token boasts a market capitalization of $1.99 billion and a 24-hour trading volume of $443.13 million, resulting in a volume-to-market-cap ratio of 0.3563. This indicates moderate trading activity relative to its overall market size and points to reasonable liquidity.
The token’s 14-day Relative Strength Index (RSI) is currently at 48.79, signifying a neutral trend. This suggests that the price may remain steady in the short term, with no clear signals for significant upward or downward momentum.
The EVM is about to change forever.
Sei is scaling to 5 gigagas per second, a 50x performance improvement compared to any mainnet EVM chain today.
Everything you need to know about Giga on Sei 👇 pic.twitter.com/HmLdSze3oL
— Sei 🔴💨 (@SeiNetwork) December 18, 2024
Projections for Sei suggest it could trade within the range of $0.475234 to $0.73067 by the end of the year. This would represent a potential 31.83% price increase compared to its current value, with an average December price of $0.621234.
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Most Promising Cryptocurrency to Buy
