Crypto Gloom

Best Cryptocurrencies to Buy Now March 11 – NEAR Protocol, Theta Network, Sei

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By Crypto Gloom

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Cryptocurrency traders are always looking for: Best Cryptocurrencies to Buy On specific dates – we list coins with high potential in this post.

This article highlights NEAR Protocol, Theta Network, and Sei, while also highlighting investors’ daily return prospects. This coin has shown strong performance and is attracting investor attention. Nonetheless, Insidebitcoins simplifies the complexity of the cryptocurrency market, helping investors identify growth opportunities for success.

Best Cryptocurrencies to Buy Now

Altcoins have shown considerable resilience, currently boasting a total trading volume of 337.554 billion. Over the past three months, Bitcoin has surged 64%, surpassing its growth rate of 56%. This trend highlights the growing enthusiasm of investors and the strong performance of these digital currencies.

1. United Nations

First launched as an ERC-20 token in 2018, OKB primarily functions within a transaction fee platform. Holding OKB tokens grants users various benefits, including voting rights and discounts and rewards. In the last 24 hours, OKB price decreased slightly by 0.60% to $68.07.

OKB price chartOKB price chart

However, the token has experienced a notable rise of over 10.0% over the past week, reaching an all-time high of $72.18 today. With a solid foundation and community support, OKB shows potential for future growth. Additionally, cooperation with other networks can further strengthen OKB’s market position. These partnerships could push the price above $136.48 by the end of 2024, with an optimistic market scenario predicting an average price of around $123.57 in the same year.

Market sentiment for OKB is bullish, with trading activity pushing its greed score to 83. Last year, prices rose 72%, showing a moderate upward trend. Additionally, OKB is consistently trading above its 200-day simple moving average (SMA), indicating a positive trajectory. Over the past 30 days, OKB has had green days 63% of the time, reflecting continued investor interest and positive sentiment.

2. SPONGEV2 (SPONGEV2)

emergence Sponge V2 It is a continuation of the previous version for the decentralized finance (DeFi) environment. Built on blockchain technology, SPONGEV2 aims to improve the value and usefulness of the ecosystem. Investors considering SPONGEV2 should consider the various influences on the cryptocurrency market that affect price movements.

Project progress, market trends, economic conditions, etc. all play a role. Diversifying your cryptocurrency holdings can help mitigate the risk of market volatility. SPONGEV2 provides participation in governance decisions, transaction facilitation, and access to platform features. Potential applications span DeFi protocols, gaming, and decentralized apps (dApps).

Additionally, more than 9,138,851,394 tokens were successfully held. sponge Tokens staked with a value of $27,864,372.8. SPONGEV2, backed by a well-structured token economics mechanism, ensures seamless asset transfer from V1 to V2 for current token holders. Staking rewards, which account for 43.09% of the total token supply, encourage user participation and long-term commitment to the ecosystem.

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3. Theta Network (THETA)

Theta Network is currently trading at $3.54 and is experiencing an intraday surge of 18.68%. The token also experienced gains on the weekly charts, signaling a potential breakout event. This upward trend has caught the attention of side traders who expect significant price increases soon.

Additionally, Theta Network aims to revolutionize the digital content delivery industry by leveraging blockchain technology to build a decentralized network for video streaming and content distribution. By encouraging users to share bandwidth and resources, Theta seeks to improve streaming quality, reduce costs, and provide fair compensation to content creators.

THETA price chart THETA price chart

Moreover, Theta Network has seen impressive growth over the past year, with its price soaring 293%. This performance outperforms 76% of the top 100 cryptocurrencies, reflecting its strong market position. Moreover, the sentiment surrounding the price prediction of the Theta token is bullish, which is consistent with the prevailing extreme greed sentiment indicated by the Fear and Greed Index, which is currently at 82.

From a technical perspective, the Theta network is trading above its 200-day simple moving average. Additionally, the token has maintained high liquidity as evidenced by its market capitalization. Theta Network’s recent performance and market indicators point to a promising outlook. However, given the inherent volatility of the cryptocurrency market, investors should exercise caution and conduct thorough research before making any investment decisions.

4. SIX

SEI has recently emerged as an important token, showing remarkable growth. Moreover, the token price has surged 10.59% over the past week and is currently trading at $0.8777, with a 24-hour high of $0.88. However, the token fell 0.86% in 24 hours.

Nonetheless, the token has shown resilience and potential growth momentum in the cryptocurrency market. One reason behind SEI’s recent momentum is the announcement of the v2 upgrade. This upgrade introduces support for two execution environments: CosmWasm and EVM.

SEI price chart SEI price chart

This move promises to improve transaction finality speed and scalability, potentially accommodating thousands of transactions per second (TPS). Additionally, the v2 upgrade ensures backward compatibility, allowing users to seamlessly transition their existing applications to the new platform.

Additionally, SEI’s latest partnership further highlights SEI’s growing influence within the cryptocurrency ecosystem. For example, our integration with Hoyu leverages the speed of SEI to facilitate rapid financial operations such as clearing in response to real-time market changes. This feature accelerates lending and lending processes and ensures harmony with market dynamics.

SEI also boasts high liquidity due to its significant market capitalization. The token currently ranks 12th in the Proof-of-Stake coins category and 29th in the Layer 1 category. The rise in SEI reflects its growing importance within the cryptocurrency environment. Likewise, sentiment analysis indicates a bullish outlook for SEI, complemented by an Extreme Greed reading of 82 on the Fear & Greed Index.

5. NEAR Protocol (NEAR)

NEAR Protocol surged significantly, rising 20.28% to $7.08. This indicates growing confidence in scalable blockchain platforms. NEAR currently has a significant market capitalization of $7 billion and holds its place in the top 19 cryptocurrencies. Despite being about 69% below its peak, it showed notable growth from its low point.

Moreover, analyzing the charts reveals a bullish pattern, suggesting a potential upward trend. Market sentiment on NEAR’s price prediction is bullish, with the Fear and Greed Index sitting at 82, indicating extreme greed. The stock soared 287% last year and is currently trading above the 200-day simple moving average, showing positive momentum.

NEAR price chartNEAR price chart

Additionally, the token’s high liquidity, as evidenced by its market capitalization, makes it attractive to investors. A significant driving force behind the NEAR Protocol’s recent success is the surge in new user adoption. The NEAR ecosystem will see an influx of 12.1 million new accounts in 2024, highlighting strong network adoption.

This increase in users led to a significant increase in on-chain activity, reaching 138.8 million transactions initiated by new users. This growth demonstrated a strong user base and increased engagement. Additionally, the NEAR Protocol recently announced on its official Twitter account that it is 10% closer to its goal of 1 billion users. With over 100 million registered users since mainnet launch, investors are advised to closely monitor NEAR trends to find potential short-term and long-term investment opportunities.

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