Best Crypto to Buy Now January 8 - Arbitrum, Celestia, Nexo

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

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

Hence, Insidebitcions combs the crypto market, exploring the most promising contenders. This helps investors identify factors influencing 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, experiencing a notable 9.22% drop. The cryptocurrency was observed trading at approximately $43,056, showing a partial rebound from its Wednesday low but remaining 6.2% below its yearly peak.

The surge in Bitcoin’s value was linked to the anticipation surrounding a development scheduled for January 10. However, Bitcoin declined on Wednesday, prompting speculation about the cause. Some analysts suggested that the drop could be attributed to the expectation of the SEC rejecting all Bitcoin ETF proposals. Due to this, investors are searching for other best crypto to buy now.

1. Arbitrum (ARB)

Arbitrum has experienced a notable upward trend, with a substantial 47.21% increase in its value over the past 30 days. This surge underscores a growing market interest in the token. Also, Arbitrum’s daily decentralized exchange (DEX) volume has seen a significant uptick, surpassing Ethereum (ETH).

This milestone suggests an increasing adoption of Arbitrum, making it the best crypto to buy now. Furthermore, Arbitrum boasts a circulating supply of 1.28 billion ARB tokens, indicating a considerable market presence. The token also demonstrates high liquidity, as reflected by its market cap.

Opportunities:

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— Arbitrum (💙,🧡) (@arbitrum) January 5, 2024

Arbitrum price prediction sentiment is presently bullish, with a Fear & Greed Index at 71 (Greed). Additionally, Arbitrum is trading above its 200-day simple moving average, reinforcing a positive trend.

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

2. Meme Kombat (MK)

Meme Kombat has garnered attention for its unique gaming features and the potential for passive income through staking. Notably, a substantial investment of $83,000 by significant investors in $MK has added scrutiny to the project.

Essentially, Meme Kombat functions as a platform where players can engage in predictive betting on outcomes involving various meme coins. With the altcoin gaining momentum, the $MK token is positioned to enter its next stage. The meme coin has generated $6,337,017.43 out of the total $6,500,000.00, sold at $0.279 per token.

The introduction of the live betting system allows stakers to bet and simultaneously earn the Annual Percentage Yield (APY). The staking mechanism is designed to be innovative, employing both on-chain and off-chain transactions to reduce user fees. Users can choose between staking and deploying tokens for battles within the integrated gaming system.

We are so so close to our next milestone🤩

But $6.3 million in the bag💪 LFG! pic.twitter.com/SqohXEN28R

— Meme Kombat (@Meme_Kombat) January 8, 2024

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 reached the 50% milestone. Interested investors can promptly stake $MK and earn a competitive APY of 184%.

With 76% of the total coin supply already sold and staked, Meme Kombat foresees reduced selling pressure on exchanges compared to newly listed tokens. The token supply is capped at 120,000,000, with 50% allocated for the ICO. The remainder is distributed for staking, battle rewards, community incentives, and decentralized exchange liquidity. This allocation strategy aims to cultivate a sustainable ecosystem for Meme Kombat.

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3. Celestia (TIA)

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

The latest data shows Celestia’s circulating supply is 155.95 million TIA tokens. Notably, the cryptocurrency achieved its all-time high price of $17.27 on January 5, 2024, while its lowest recorded price remains unspecified. However, since its ATH, Celestia experienced a cycle low of $12.56 and reached a cycle high of $13.35.

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Deploy today: https://t.co/nQfVjX7Xo5 pic.twitter.com/9thSRzM6DN

— Celestia (@CelestiaOrg) January 3, 2024

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

4. Nexo (NEXO)

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

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 relative to the token sale price. Over the past 30 days, Nexo has experienced 16 green days, constituting 53% of the observed period.

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— Nexo (@Nexo) December 31, 2023

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. Following the ATH, the lowest price recorded was $0.516172, representing a cycle low, while the highest post-cycle low was $0.945550.

5. Sei (SEI)

KudasaiJP and the Sei Foundation announced a strategic partnership to fortify Sei’s market presence in Japan. This collaboration is geared towards the Sei Foundation allocating resources to enhance Japan’s web3 ecosystem. KudasaiJP has varied its interests into various web3 sectors, including DeFi, NFTs, and GameFi.

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

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Benefits include:

🔴 Capital investment
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Dedicated to empowering your journey, Sei has your back in navigating the path to crucial milestones.

— Sei 🔴💨 (@SeiNetwork) January 6, 2024

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

The circulating supply of Sei stands at 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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