Crypto Gloom

Best Cryptocurrencies to Buy Now January 12 – Theta Network, Bitget Token, VeChain

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By Crypto Gloom

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find Best Cryptocurrencies to Buy Now It’s a never-ending task, with dozens of tokens being launched on CEX and DEX platforms every day.

Finding the best digital asset is an important decision for investors. However, various factors come into play, affecting the value and potential growth of different coins. In this article, we take a look at the best cryptocurrencies you can buy right now and cover key considerations, market trends, and factors investors can consider when making decisions in the market.

Best Cryptocurrencies to Buy Now

The cryptocurrency market has made significant strides with the introduction of the first spot Bitcoin ETF in the US market. The newly introduced fund, which features holding actual Bitcoin rather than futures, immediately caught the attention of investors.

Cryptocurrency HeatmapCryptocurrency Heatmap

According to data compiled by Yahoo Finance, the comprehensive trading volume of 10 recently launched stocks is bitcoin The spot ETF was valued at over $4.5 billion on its inception date. Additionally, Grayscale Bitcoin Trust (GBTC) led the group, achieving an impressive trading volume of $2.3 billion. Additional performers included IBIT, Fidelity’s spot Bitcoin product and Hashdex’s funds (futures).

1. VeChain (VET)

VeChain (VET) has come a long way since its launch in 2015. It was initially a private institutional chain but later became a public blockchain. Positioned as an enterprise-grade L1 smart contract platform, VeChain’s primary goal is to bring transformational change across global industries encompassing healthcare, energy, food and beverage, and sustainability.

VET price chart VET price chart

VET prices experienced a slight intraday rise of 0.66%. Sentiment on VeChain’s price prediction leans towards a bullish outlook with the Fear and Greed Index showing a value of 71 (Greed). VeChain boasts high liquidity based on its market capitalization and is actively traded on Binance.

Additionally, VeChain has demonstrated notable performance, with its price soaring 75% last year. This growth surpasses 58% of the top 100 cryptocurrency assets, establishing it as a competitive player in the market.

Additionally, the token is trading above its 200-day simple moving average, indicating a positive trend. The circulating supply of tokens is 72.71 billion out of a maximum supply of 86.71 billion VET. The annual supply inflation rate was 0.28%, generating 203.39 million VET last year.

2. Theta Network (THETA)

Theta Network (THETA) has seen some pretty positive moves over the past year. It continued to trend upward above the 200-day exponential moving average (EMA). Nonetheless, the current sentiment on THETA’s price prediction remains Neutral, with the Fear and Greed Index sitting at 71 (Greed).

Analyzing recent price movements, it appears to be advantageous for potential buyers, with charts showing continued growth activity. The overall price increase rate last month was 7.32%, indicating positive performance compared to the token sale price.

THETA price chartTHETA price chart

Additionally, the Theta token has proven its stability with 15 green days in the last 30 days, indicating a 50% positive trend. High liquidity, as evidenced by the market capitalization, is a notable feature. Tokens are actively traded on Binance, contributing to market accessibility.

Additionally, the current circulating supply is 870.5 million THETA out of the maximum supply of 1 billion THETA. Within the Ethereum (ERC20) token sector, Theta token ranks 20th based on market capitalization ranking. It also ranked 3rd in the NFT token category, 3rd in the metaverse category, and 38th in the layer 1 category.

3. Mantle (MNT)

Mantle boasts high liquidity, as evidenced by its market capitalization. Currently trading on KuCoin, the token has shown positive performance, recording gains (57%) in 17 of the last 30 days. MNT has been on the rise, with the token price rising 33.02% over the past seven days.

This surge comes as interest in layer 2 protocols grows, especially in light of the recent rise of Ethereum. Moreover, mantle price forecasts are tilted toward the optimistic outlook. This sentiment is consistent with the Fear and Greed Index registering at 71 (Greed).

MNT price chart MNT price chart

Mantle reached its all-time high on January 11, 2024, hitting a high of $0.849765. However, the lowest recorded price is $0.00 and the lowest price in the cycle since ATH is $0.775921. The highest price since the last cycle low is $0.822764, reflecting the change in value.

Additionally, MNT is currently in circulation with 3.13 billion MNT out of the maximum supply of 6.22 billion MNT. Based on market capitalization, Mantle ranks 10th in the Ethereum (ERC20) token sector and 4th in the Layer 2 sector.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix It currently holds a significant stake in excess of 400,000 BTCMTX tokens. Based on increased token staking, the platform boasts an initial annual percentage yield (APY) of 103,225%, subject to change.

Additionally, the distribution plan allocates 15% to reward active community participation and the remaining 7.5% is reserved for BTCMTX staking rewards. The project has raised more than $8,267,910.1 of its $9,103,393 goal. The price of the token is currently $0.0128 per token, with a 4-day period for subsequent price increases.

Bitcoin Minetrix (BTCMTX) integrates tokenization and solves common problems associated with existing cloud mining platforms. This project seeks to build a secure and transparent decentralized Bitcoin (BTC) mining environment.

Investors had the opportunity to acquire 2.8 billion, or 70% of the total token supply. BTCMTX, utilize Ethereum (ETH) or Tether (USDT) with a minimum investment of $10. This strategic token distribution is consistent with Bitcoin Minetrix’s emphasis on strengthening its mining infrastructure and fostering the gradual growth of its platform.

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5. Bitget Token (BGB)

Bitget Token has partnered with Chainalytic to integrate Chainalytic compliance solutions into its platform. The move aims to optimize Bitget’s anti-money laundering (AML) risk management strategy. BGB plans to leverage Chainalytic to enhance its ability to identify risks early, conduct efficient transaction analysis, and improve due diligence processes.

By integrating Chainalytic into Bitget’s platform, compliance teams are equipped with a comprehensive toolset. It includes an intuitive user interface, effective workflow management, and a risk dashboard that promotes strategic decision-making. The main goal is to strengthen Bitget’s defense mechanisms, ultimately creating a safer user trading environment.

BGB price chart BGB price chart

This collaboration appears to have influenced Bitget Token’s recent price movements. The token has increased by 0.56% in the last 24 hours. The sentiment on Bitget Token’s price prediction is bullish, with the Fear and Greed Index showing a value of 71 (greed).

Over the past year, the token has seen a notable price surge, recording a rise of 234%. Remarkably, it outperformed 85% of the top 100 cryptocurrency assets during this period, including notable performances for Bitcoin and Ethereum.

Additionally, the current circulating supply of Bitget Token is 1.4 billion BGB out of the maximum supply of 2 billion BGB. The annual supply inflation rate was 180%, generating 900 million BGB over the past year. In the Exchange Tokens category, Bitget Token currently ranks 7th.

Technically, Bitget Token is trading above its 200-day simple moving average, indicating a positive trend. Over the past 30 days, the token has experienced 17 green days, accounting for 57% of the observation period. Additionally, the token shows high liquidity based on its market capitalization.

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