Best Crypto to Buy Now: Altcoins That Could Yield Substantial Gains

Bitcoin spiked above $70,000 yesterday, with investors showing strong interest ahead of the 2024 U.S. presidential election Some analysts believe it could soon surpass its all-time high of $73,737 and potentially even reach $200,000 later in the year

Bitcoin price rose above $70,000 yesterday as investors showed interest in altcoins ahead of the 2024 US presidential elections. Some analysts believe it could soon surpass the all-time high of $73,737 and reach $200,000 later in the year, although this may vary depending on market dynamics.

Meanwhile, altcoins tend to recover in a narrow range with short-term price fluctuations. Cryptocurrency analyst Miles Deutscher says altcoins are forming a “flag formation” with higher lows, indicating a possible price increase soon. However, they have not yet reached their previous highs, indicating that a larger breakout may take time.

Market participants are looking for tokens that can generate profits while waiting for a potential uptrend. This article examines the best cryptocurrencies to buy right now, identifying altcoins that could provide investors with significant returns.

Best Cryptocurrencies to Buy Right Now

Flockerz is gaining traction in the cryptocurrency market and recently surpassed $1 million in presales. Additionally, MANTRA Chain has partnered with Google Cloud to improve its infrastructure and increase scalability and reliability. Meanwhile, Avalanche has integrated with Entangle, which aims to improve user experience through better interoperability with other blockchain networks.

1. Celestia (TIA)

Celestia was designed as a modular blockchain network that allows users to create their own blockchain with minimal effort. Unlike traditional blockchains that treat data storage, consensus, and execution as a single system, Celestia separates these processes. This approach makes it easier for developers to launch customized blockchains by avoiding the setup complexity typically associated with blockchain creation.

Celestia acts as a data availability layer; This means it stores and provides access to data for other blockchains and aggregations. The platform uses data availability sampling to ensure data availability without undertaking transaction execution or reconciliation. This design allows developers to focus on specific features and allows for greater flexibility and innovation within the ecosystem.

Recently, Celestia unlocked a significant amount of TIA tokens, worth approximately $890 million at current prices, which has impacted market performance. Since the token was unlocked, the TIA price has fallen approximately last week and remains w below its all-time high. Still, the token has recorded positive performance in 17 of the last 30 days, indicating activity in the market.

The token has a high 24-hour trading volume ratio compared to its market cap, indicating a good level of liquidity. Coincodex's price predictions show that it could reach $15.72 with an increase of "5.98" in the next month.

2. Immutable (IMX)

Immutable is a layer two solution for NFTs on the Ethereum network. It aims to solve some of the common problems associated with Ethereum, such as low scalability, high transaction fees, and complicated user experience.

Additionally, the project aims to provide faster transactions, higher scalability, and zero gas fees for NFT minting and trading. This approach aims to make the process easier and more cost-effective for users, while ensuring the security of both users and their assets.

Currently the IMX token is trading at $1.15 and is down .74 in the last 24 hours. Despite this decrease, transaction volume increased by 9.78% and reached 74.24 million dollars.

The above is the detailed content of Best Crypto to Buy Now: Altcoins That Could Yield Substantial Gains. For more information, please follow other related articles on the PHP Chinese website!