Best Crypto to Buy Now February 4 – Render, Huobi Token, Mina 

Blockchain
0

Join Our Telegram channel to stay up to date on breaking news coverage

‘Best crypto to buy now’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options.

The altcoin market has witnessed impressive growth, marked by notable surges. This analysis captures some of these assets that have recently caught the attention of investors, each exhibiting unique features and growth potential.

Best Crypto to Buy Now

Render leads the way with an impressive 17.32% increase in the past week. Additionally, Myro has gained substantial attention in the crypto space, surging over 796% in three months. Similarly, Huobi Token (HT) is on an upward trajectory, trading above its 200-day Simple Moving Average.

1. Render (RNDR) 

Render, a decentralized GPU rendering network built on the Ethereum blockchain, has witnessed a notable surge in its token price. The token currently trades at $4.96, with a 2.07% increase. This growth can be attributed to Meta’s robust revenue report, revealing a 25% rise to $40.1 billion for the quarter ending December 31, surpassing analysts’ predictions.

Moreover, Render achieved an all-time high (ATH) of $8.77 on November 21, 2021, and reached its lowest point on September 22, 2020, trading at $0.000115. Since the ATH, the token’s lowest price was $0.277999, while the highest post-cycle low was $5.27. 

In addition, Render’s price increased by an impressive 201% last year, outperforming 86% of the top 100 crypto assets. This growth is supported by high liquidity, reflected in its market cap. Furthermore, out of a total maximum supply of 536.87 million RNDR, 369.61 million RNDR are currently in circulation. 

The annual inflation rate for the token’s supply is 45.63%, creating 115.82 million RNDR last year. Render ranks 13th in the Ethereum (ERC20) tokens sector, also claiming 3rd place in the AI crypto sector. This positioning underscores its relevance and influence within these segments. The consistent market performance and ranking further solidify Render’s standing in the crypto space.

2. Myro (MYRO)

Myro has recently gained significant attention within the crypto space, experiencing a surge of over 796% in three months. Currently valued at $0.07997, it holds a market cap of $ 75.06M, making it one of the most influential meme coins in the market. Moreover, Myro has witnessed positive price movements for 16 days in the last 30 days, accounting for a 53% increase.

MYRO Price Chart

Its liquidity, as indicated by its market cap, is notably high. Furthermore, Myro holds the 22nd position in the Solana Network sector and ranks 383rd among meme coins. In addition, Myro has 944.20 million MYRO in circulation out of a maximum supply of 1.00 billion MYRO. 

The coin’s scarcity could contribute to its current market success. Investors remain optimistic about the token, drawn to its recent performance that has propelled it into the upper echelons of meme coins. While Myro’s remarkable gains make it a top token in the crypto market, potential investors should approach cautiously.

3. Huobi Token (HT)

Huobi Token (HT) is on an upward trend, trading above its 200-day Simple Moving Average and securing positive gains for 16 consecutive days last month. Moreover, the token’s price prediction sentiment is bullish as the Fear & Greed Index sits at 60 (Greed).

HT Price Chart

The circulating supply of Huobi Token is 162.23 million out of a maximum supply of 500 million HT tokens. Furthermore, with an annual inflation rate of 5.79%, Huobi Token ranks 11th in Exchange Tokens. Also, the token ranks 31st in Ethereum Tokens and 47th in Layer 1 tokens by market capitalization.

Huobi Token’s growth potential is underscored by strategic partnerships with other networks, enhancing its position in crypto. Additionally, HT boasts high liquidity, evident in its market cap. Trading near its cycle high, Huobi Token showcases resilience, suggesting possible future growth. Investors should weigh these factors in assessing Huobi Token’s standing in the cryptocurrency market.

4. eTukTuk (TUK)

eTukTuk is making strides in reshaping travel infrastructure, particularly in developing nations. The project introduces the TUK token, currently valued at $0.02625 in its presale, with potential growth anticipated upon exchange listing later this year.

Adding a unique twist, eTukTuk features a play-to-earn game that mimics the experience of their flagship vehicle on the streets of Sri Lanka. Players earn more by driving faster in this game, similar to the gameplay style of Crazy Taxi.

Furthermore, eTukTuk has raised $772,817.05 from its $844,058 presale goal. The token is priced at $0.02625 with a 9-day window before the next price increase. The project boasts milestones such as a working prototype, their Power Staking Paper release, and plans for international expansion with offices in Sri Lanka and Singapore.

Moreover, eTukTuk partnered with the Capital Maharaja Group in Sri Lanka, signaling eTukTuk’s preparation for its launch in the country. In addition, the project plans to enhance brand visibility by introducing merchandise. These recent achievements position eTukTuk to attract more users, potentially driving demand for the TUK token in the upcoming months.

TUK also outlines its intention to list the token on major centralized exchanges, backed by support from the Sri Lankan government. The project focuses on reducing carbon emissions and addressing economic disparities, particularly in developing countries. 

Visit eTukTuk Presale.

5. Mina (MINA)

Mina Protocol just concluded the Testworld Mission 2.0: Track 3. It focused on Protocol Performance Testing to test the protocol. It also enhanced the platform’s efficiency before a major upgrade. Over 250 skilled node operators participated in block production, load testing, SNARK work production, etc. 

Since October, the program has seen 670 nodes process 29,000 blocks, 176,000 transactions, and 85,000 zkApp transactions across 10 rounds of load testing. What sets Mina apart is its claim to be the world’s lightest blockchain, boasting a mere 22KB size. This achievement is powered by advanced cryptography and recursive zk-SNARKs technology, offering a more accessible blockchain experience with minimal resource requirements.

MINA Price Chart

The platform is about inclusivity, welcoming anyone to join as a node operator, validator, or staker. Mina aims to create a decentralized network where users actively contribute to its security and stability. Last year, the token’s price has risen by an impressive 44%, outperforming 65% of the top 100 crypto assets. 

Moreover, MINA surged by 10.69% in the last 7 days, maintaining a positive trend. It’s currently trading above the 200-day simple moving average, indicating sustained momentum. Furthermore, Mina Protocol is ranked 31st in the Layer 1 sector, with a circulating supply of 1.05 billion MINA out of a maximum supply of 824.10 million.

Furthermore, Victoria VR is actively working on releasing the first Metaverse app for the Apple Vision Pro headset, integrating blockchain technology into the virtual reality (VR) experience.

Read More

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now – BTCMTX
  • Staking Rewards – Over 50% APY

Bitcoin Minetrix


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

You might also like More from author
Leave A Reply

Your email address will not be published.