Crypto Gloom

Best Cryptocurrencies to Buy Now December 2 – MultiversX, GMX, Gnosis

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By Crypto Gloom

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Leading Bitcoin cryptocurrency, currently overwhelming at 51.96%, down slightly by 0.10% during the day. This indicator represents Bitcoin’s relative share of the overall cryptocurrency market.

Best Cryptocurrencies to Buy Now

Total intraday trading volume in the cryptocurrency market reached $39.99 billion, down 16.67%. In this environment, the decentralized finance (DeFi) sector contributed $4.58 billion, accounting for 11.46% of total cryptocurrency market activity. In particular, stablecoins played an important role, accounting for $35.92 billion, or 89.82% of the total 24-hour cryptocurrency market size.

1. Gnosis (GNO)

Gnosis (GNO) has shown a notable trajectory in recent market developments. On November 8, 2021, it hit an all-time high of $644.58. On March 13, 2020, it hit an all-time low of $7.22. After the last cycle low, the price floor was set at $77.08 and peaked at the cycle high of $212.88.

GNO price chartGNO price chart

Market sentiment surrounding Gnosis is bullish, consistent with the Fear and Greed Index of 74 (Greed). The circulating supply of GNO is 2.59 million out of a maximum supply of 3 million, with an annual supply inflation rate of 0.39%. Last year, 10,001 GNOs were created.

Gnosis ranks 14th in DeFi coins and 28th in Ethereum (ERC20) tokens. Last year, GNO saw a price increase of 124% and outperformed 79% of the top 100 cryptocurrency assets. The asset is trading above its 200-day simple moving average and has seen 17 green days in the last 30 days, accounting for 57% of the observation period.

It is worth noting that Gnosis is currently trading near its cycle high, reflecting a positive trend. The annual inflation rate is maintained conservatively at 0.39%, emphasizing the stability of the project. Gnosis maintains a significant presence in the DeFi coin and Ethereum (ERC20) token sector as the cryptocurrency landscape evolves.

2. GMX

In recent market developments, GMX has witnessed significant price fluctuations, peaking at an all-time high of $91.16 on April 18, 2023. It hit its lowest point on June 15, 2022, plummeting to an all-time low of $11.61. In particular, the cryptocurrency price has rebounded from the lowest cycle and is currently hovering at $28.70.

GMX price chartGMX price chart

GMX is maintaining a Neutral sentiment in its price forecast, with the Fear and Greed Index registering at 74 (Greed). Breaking down its circulating supply, GMX currently boasts a maximum supply of 9.25 million units out of a maximum supply of 8.65 million units. The annual supply inflation rate was 15.75%, creating 1.26 million GMX last year.

GMX ranks 10th in Exchange Tokens and 6th in Layer 2 by market capitalization. It is important to note that GMX is maintaining its position above its 200-day simple moving average, indicating a positive trend. Additionally, the project shows high liquidity relative to its market capitalization.

GMX has shown remarkable resilience in recent price movements, market sentiment, and key indicators. Collectively, these factors position GMX as the best cryptocurrency to buy right now. Investors and observers can find value in a project’s consistent performance, liquidity, and positioning in key market segments.

3. YPRED

YPRED, a platform that leverages AI tools to enhance trading strategies, is gaining attention as a decentralized alternative to traditional prediction markets. Based on the YPRED token on the Ethereum blockchain, the platform places a strong emphasis on security and transparency.

At its core, YPRED aims to provide users with a decentralized alternative to traditional prediction markets. Smart contracts allow users to access prediction markets covering a variety of topics, including politics, business, and sports. One of the platform’s standout features is social trading, which allows users to observe and replicate the strategies of experienced traders.

This feature empowers users to improve their trading decisions by learning from successful counterparts. The yPredict ecosystem includes notable components such as market forecasts, analytics dashboards, dedicated trading terminals, and specialized marketplaces for predictive models.

The cryptocurrency community has shown significant interest in yPredict, with $5,107,206.04 raised during the pre-sale period. The project is making steady progress toward its fundraising goal of $6,507,551.25.

The current price is $0.11, and YPRED will be listed at $0.12. Interested investors are encouraged to consider participating before the pre-sale ends. The platform’s success lies in its commitment to innovation and integration of AI tools, providing traders with a comprehensive ecosystem to optimize their strategies.

Visit yprediction.

4. NEAR Protocol (NEAR)

The NEAR protocol has seen its price increase by 11% over the past year. It is consistently trading above the 200-day simple moving average. Positive market performance occurred over the past 30 days, with the 17th Green Day accounting for 57% of the observation period.

NEAR price chart NEAR price chart

NEAR hit a high of $20.42 on January 16, 2022, and a low of $0.526680 on November 4, 2020. The lowest price registered since the all-time high is $0.972014, marking a cycle low. The highest price observed after this low is $2.18, which constitutes the cycle high.

Current market sentiment is bullish for the NEAR protocol, with a Fear and Greed Index of 74 (Greed). The protocol’s circulating supply is 1 billion NEAR out of a maximum supply of 1 billion NEAR. In the Layer 1 segment, NEAR Protocol currently ranks 23rd by market capitalization. The price of the NEAR protocol has seen a notable 11% increase over the past year.

5. MultiverseX (EGLD)

MultiversX (EGLD) has experienced significant price fluctuations over the past year in the ever-evolving cryptocurrency space. It reached a peak of $541.18 on November 23, 2021, before hitting a low of $6.52 on October 7, 2020. Following the all-time high, EGLD experienced a cycle low of $22.29, indicating a volatile trajectory.

NEAR price chart NEAR price chart

Currently, market sentiment surrounding MultiversX (EGLD) is leaning towards the bullish, reflecting investors’ optimistic outlook. This sentiment is consistent with the Fear and Greed Index of 74, which indicates rampant greed in the market.

Over the past year, MultiversX has increased its price by 6%. Importantly, the token is trading above its 200-day simple moving average, meaning there is a positive trend in its performance. Compared to the token sale price, the project showed favorable results.

Looking at the past 30 days, the number of green days in EGLD is 15 days, accounting for 50% of the observation period. These consistent positive trends highlight the token’s resilience and stability within the market.

MultiversX (Elrond), which is noted for its high liquidity, ranked 28th in the layer 1 category with a circulating supply of 23.74 million EGLD out of a maximum supply of 31.42 million EGLD. The current market position of this project, indicated by its ranking and liquidity, highlights its position within the layer 1 sector.

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