Best Crypto to Buy Right Now

Last week, investor interest in Bitcoin and certain altcoins notably increased, with U.S. election-driven optimism fueling a substantial $2.2 billion inflow into crypto asset investment products.

Investors Show Keen Interest in Bitcoin, Select Altcoins as Crypto Asset Products See $2.2B Influx

Bitcoin and certain altcoins notably drew investor attention last week amid U.S. election-driven optimism, which fueled a substantial $2.2 billion inflow into crypto asset investment products. Historically, U.S. elections have impacted the crypto market, and this trend appears to continue this year.

Bitcoin took the lead, capturing the full $2.2 billion inflow and even driving interest in short Bitcoin products, which received $8.9 million in investments. This demand likely reflects investor confidence in a potential market upswing while attracting short-term traders looking to leverage current sentiment.

Beyond Bitcoin, select altcoins drew investor attention, suggesting growing interest in innovative projects. Consequently, many investors are exploring the best crypto to buy right now, seeking assets with the potential for strong returns soon.

Polkadot, Stacks, MultiversX, Crypto All Stars, and Sei are among the best crypto to buy now, based on their recent performance, market attention, and upcoming developments. These tokens offer diverse options for investors interested in Web3 foundations, DeFi, Metaverse, meme coins, and gaming.

1. Polkadot (DOT)

Polkadot has seen a surge in governance activity alongside growth in decentralized autonomous organizations. Meanwhile, STARS is drawing attention as it exceeds the $3 million mark, positioning itself within the meme coin sector. Additionally, Sei’s collaboration with CARV highlights a strategic step forward in Web3 gaming development.

A versatile layer-zero blockchain, Polkadot is designed to address core issues such as scalability, interoperability, and governance. Its architecture enables parallel processing, which may enhance performance, and the platform’s community-focused governance structure reflects a commitment to decentralization.

Moreover, Polkadot has recently experienced a rise in governance activity and witnessed growth in decentralized autonomous organizations (DAOs) throughout 2023 and 2024. Currently, the token is priced at $3.86, reflecting a daily increase of 1.71%.

Key metrics include a market cap of $5.84 billion, up 1.76%, and a 24-hour trading volume of $117.36 million, marking a 1.04% rise. Despite a bearish sentiment in price predictions, the Fear & Greed Index indicates a sentiment of “greed” with a score of 69, suggesting heightened investor interest.

Polkadot’s performance is favorable compared to its initial token sale price, with a positive ROI in USD, BTC, and ETH. The high liquidity relative to its market cap adds stability. Additionally, the 14-day Relative Strength Index (RSI) stands at 55.13, indicating a neutral stance, suggesting the price may hold steady soon.

2. Stacks (STX)

The recent Nakamoto Upgrade marks a significant milestone for the STX token, introducing key advancements in transaction processing. This Layer 2 enhancement allows Stacks to operate more independently from Bitcoin’s block production, enabling faster transaction speeds. With this upgrade, transactions on the Stacks network are processed within seconds, reflecting improved efficiency.

An important aspect of the upgrade is the launch of “sBTC,” a new token aimed at creating a seamless bridge between Bitcoin and the Stacks ecosystem. This feature could enhance STX’s appeal by increasing its utility and integration with the broader Bitcoin network.

As of today, STX trades at $1.52, with a recent 6.29% price increase over the past 24 hours. Notably, the token remains well above its 200-day simple moving average (SMA) of $0.97, trading 58.38% higher than this long-term indicator. This trend, combined with the token’s high liquidity, suggests a relatively strong market position.

Furthermore, predictions from Coincodex suggest a potential price increase of 9.84%, projecting a value of approximately $1.68 by December. If STX maintains its current momentum and breaks through key resistance levels, the Nakamoto Upgrade may support continued growth in the coming weeks.

3. MultiversX (EGLD)

MultiversX is a blockchain protocol designed to achieve horizontal scalability through comprehensive sharding of its network, transactions, and state. The project positions itself as a technology ecosystem supporting the “new internet,” with applications in decentralized finance (DeFi), real-world assets, and the Metaverse.

Its smart contract platform reportedly processes up to 100,000 transactions per second, with an average transaction cost of $0.002 and a latency of about six seconds. Currently, the MultiversX token trades at $23.41, reflecting an intraday gain of 5.27%. The token’s market capitalization is $644.41 million

The above is the detailed content of Best Crypto to Buy Right Now. For more information, please follow other related articles on the PHP Chinese website!