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Best crypto to buy now January 8 – Arbitrum, Celestia, Nexo

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Contents
Best crypto to buy now1. Arbitrum (ARB)2. Meme Kombat (MK) 3. Celestia (TIA) 4. Nexo (NEXO)5. Sei (SEI)read more

Crypto traders are always on the hunt for the best cryptocurrencies to buy on a given day – we list some coins with high potential in this post.

With the rapid evolution of the digital market, cryptocurrencies have emerged as an attractive investment opportunity. The tokens offer investors the potential for substantial returns. However, identifying the best cryptocurrency to invest in is an endeavor that combines analysis and understanding of technological innovations.

That’s why Insidebitcions combs the crypto market and investigates the most promising contenders. This helps investors identify factors that influence the token’s potential and why these tokens are the best crypto to buy now.

Best crypto to buy now

Bitcoin faced challenges in recovering from a substantial decline earlier this week, with a notable decline of 9.22%. The cryptocurrency was observed at around $43,056, showing a partial recovery from Wednesday’s low but still 6.2% below the annual peak.

crypto heat map

The increase in Bitcoin’s value was related to anticipation surrounding a development scheduled for January 10. However, Bitcoin fell on Wednesday, sparking speculation about the cause. Some analysts suggested the decline could be attributed to expectations that the SEC would reject all Bitcoin ETF proposals. This has investors looking for other best crypto coins to buy now.

1. Arbitrum (ARB)

Arbitrum has been on a remarkable upward trend, with a significant increase in value of 47.21% in the past 30 days. This increase underlines growing market interest in the token. Also, Arbitrum’s daily decentralized exchange (DEX) volume has seen a significant increase, surpassing Ethereum (ETH).

ARB price chartThis milestone suggests increasing adoption of Arbitrum, making it the best crypto to buy now. Furthermore, Arbitrum has a circulating supply of 1.28 billion ARB tokens, indicating a significant market presence. The token also exhibits high liquidity, as evidenced by its market capitalization.

The sentiment for the arbitrage price forecasts is currently bullish, with a Fear & Greed Index of 71 (Greed). Additionally, Arbitrum is trading above its 200-day simple moving average, reinforcing a positive trend.

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Furthermore, ARB has experienced 15 green days in the last 30 days, accounting for 50% of the observed period. This consistency in positive performance indicates stability and positive market sentiment.

2. Meme Kombat (MK)

Meme KombaIt has attracted attention for its unique gaming features and potential for passive income through staking. In particular, a substantial investment of $83,000 by key investors in $MK has put the project under scrutiny.

Essentially, Meme Kombat functions as a platform where players can predictably bet on outcomes using various meme coins. With the altcoin gaining momentum, the $MK token is positioned to enter the next phase. The meme coin has generated $6,337,017.43 of the total $6,500,000.00, sold at $0.279 per token.

With the introduction of the live betting system, stakers can bet and earn Annual Return (APY) at the same time. The staking mechanism is designed to be innovative and uses both on-chain and off-chain transactions to reduce user fees. Users can choose between wagering and wagering tokens for battles within the integrated gaming system.

MK shares similarities with $PEPE as it operates on the Ethereum blockchain. It has successfully raised over $5 million in its Initial Coin Offering (ICO) and has reached the 50% funding milestone. Interested investors can immediately stake $MK and earn a competitive APY of 184%.

With 76% of the total supply of coins already sold and deployed, Meme Kombat provides reduced selling pressure on exchanges compared to newly listed tokens. The token supply is limited to 120,000,000, with 50% allocated to the ICO. The rest is distributed for staking, combat rewards, community incentives and decentralized exchange liquidity. This allocation strategy aims to cultivate a sustainable ecosystem for Meme Kombat.

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Visit Meme Kombat Presale.

3. Celestia (TIA)

Celestia has recently shown a consolidating uptrend, maintaining a trading range of around $13. The prevailing sentiment in the Celestia price prediction landscape is bullish at the moment. However, the Fear & Greed Index registers a score of 71, indicating a state of greed among investors.

TIA price chart

The latest data shows that Celestia’s circulating supply is 155.95 million TIA tokens. Notably, the cryptocurrency reached its all-time high price of $17.27 on January 5, 2024, while the lowest recorded price has not yet been specified. However, since the ATH, Celestia had a cycle low of $12.56 and reached a cycle high of $13.35.

Furthermore, TIA’s market liquidity is considered high, as reflected in its market capitalization. The token actively trades with the US dollar, providing a stable trading pair for investors.

4. Nexo (NEXO)

Nexo’s price forecast reflects bullish sentiment and a 71 Ear & Greed Index. These statistics indicate a state of greed in the market. Over the past year, Nexo has witnessed a remarkable 27% price increase and is currently trading above its 200-day simple moving average.

NEXO price chart

Nexo’s circulating supply is 560.00 million NEXO out of a maximum supply of 1.00 billion NEXO. NEXO holds the 29th position in the Ethereum (ERC20) Tokens sector.

An objective analysis reveals positive performance compared to the token sales price. Over the past 30 days, Nexo has experienced 16 green days, representing 53% of the observed period.

The token reached its all-time high on May 12, 2021, at $4.07, and its all-time low on September 12, 2018, at $0.043119. After the ATH, the lowest recorded price was $0.516172, representing a cycle low, while the post-cycle high low was $0.945550.

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5. Sei (SEI)

KudasaiJP and the Sei Foundation have announced a strategic partnership to strengthen Sei’s market presence in Japan. This collaboration aims for the Sei Foundation to release resources to improve Japan’s web3 ecosystem. KudasaiJP has varied his interests across various web3 sectors including DeFi, NFTs and GameFi.

SEI price chart

Together, KudasaiJP and the Sei Foundation will undertake extensive efforts to strengthen the community and contribute significantly to Japan’s web3 ecosystem. Sei (SEI) has attracted attention within the crypto community, amassing over $5.5 million in decentralized applications. Sei’s recent performance reflects an upward trajectory in its price, with current sentiment leaning toward bullish.

The Fear & Greed Index registers a reading of 71, indicating a state of greed among investors. Furthermore, SEI has experienced 16 green days in the last 30 days, representing 53% of the observed period. Notably, the coin exhibits high liquidity, which is evident from its market capitalization.

The circulating supply of Sei amounts to 2.30 billion SEI out of a maximum supply of 10.00 billion SEI. Sei ranks 10th in the Proof-of-Stake Coins sector and 25th in the Layer 1 sector.

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