Best Crypto to Buy Now November 13 – Optimism, Polygon, Cosmos
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.
The cryptocurrency’s current market status indicates a total market capitalization of $1.42 trillion, reflecting a 0.54% intraday decrease. Likewise, the cryptocurrency market volume increased by 5.25%, settling at $247.18 billion.
Best Crypto to Buy Now
Bitcoin is presently valued at 36,836, having experienced a 0.64% intraday loss. Notably, Bitcoin’s dominance increased by 0.02% during this period, reaching 50.72%. These figures offer a snapshot of recent movements within the cryptocurrency landscape, demonstrating fluctuations in market cap, trading volume, and individual asset performance.
1. Optimism (OP)
Optimism (OP) is presently valued at $1.874141, displaying a 24-hour trading volume of $652.14 million. OP also has a market capitalization of $402.47 million, reflecting a dominance of 0.03%. Over the last 24 hours, the OP price has risen by 8.18%.
The coin peaked on February 24, 2023, reaching an all-time high of $3.26. Conversely, its lowest recorded price occurred on June 18, 2022, at $0.401121. Following the all-time high, the lowest post-cycle low was $0.896377, and the highest after the cycle low was $1.927560. The current sentiment surrounding Optimism’s price prediction is bullish. Likewise, it displays a Fear & Greed Index reading 72, indicating greed in the market.
OP’s current circulating supply is pinned at 214.75 million out of a maximum supply of 4.29 billion. Moreover, Optimism is ranked 7th in the Layer 2 sector regarding market capitalization.
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— Optimism (✨🔴_🔴✨) (@optimismFND) November 8, 2023
Key highlights include a noteworthy 112% price increase over the past year, outperforming 77% of the top 100 crypto assets during this period. Additionally, Optimism has consistently traded above its 200-day simple moving average.
Furthermore, it has experienced 18 green days in the last 30 days, representing 60% of the observed period. The current trading position is near the cycle high, and the project maintains high liquidity relative to its market capitalization. This upward market trajectory places it as the best crypto to buy now.
2. Polygon (MATIC)
The Polygon network has shown signs of a bullish run as the MATIC token moves closer to $0.90, signifying a 7% increase. MATIC has broken out of a downward trend channel on the monthly chart, entering a macro uptrend.
A positive development in the Polygon ecosystem involves its partnership with Ubisoft, a prominent video game creator and publisher. This collaboration focuses on a Web3 gaming platform called Immutable, aiming to create innovative gaming experiences and harness the potential of Web3.
As of the latest update, the price of MATIC stands at $0.874618, with a 24-hour trading volume of $1.69 billion and a market cap of $7.00 billion. The market dominance of MATIC is reported at 0.49%. Over the past 24 hours, the MATIC price has increased by 4.52%.
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— Polygon (@0xPolygon) November 3, 2023
Furthermore, the current circulating supply of MATIC is 8.01 billion out of a maximum supply of 10.00 billion. Regarding market cap, Polygon is presently ranked #6 in the Proof-of-Stake Coins sector. Moreover, it is placed #3 in the Ethereum (ERC20) Tokens sector and #1 in the Layer 2 sector.
Key highlights include trading above the 200-day simple moving average and positive performance compared to the token sale price. It has also experienced 21 green days in the last 30 days, reflecting a 70% positive trend. The current sentiment regarding Polygon’s price prediction is bullish, with the Fear & Greed Index indicating a score of 72. This suggests a state of greed in the market, making it the best crypto to buy now.
3. Decentraland (MANA)
Is MANA the best crypto to buy now? Decentraland (MANA) is currently valued at $0.46, reflecting a 1.57% increase over the last 24 hours. The 24-hour trading volume is $391.43M, contributing to a market cap of $880.84M, with a market dominance of 0.06%. In the Ethereum (ERC20) Tokens sector, Decentraland holds the 20th position. Furthermore, it ranks third in the NFT Tokens and Gaming sectors and the metaverse sector.
Examining its historical performance, Decentraland reached its all-time high on Nov 25, 2021, at $5.85, while its all-time low occurred on Oct 13, 2017, at $0.007796. Notably, the lowest price post-all-time high was $0.265306 (cycle low), and the highest since the last cycle low was $0.504793 (cycle high).
Moreover, the current circulating supply of Decentraland is 1.89B MANA out of a maximum supply of 2.19B MANA. The annual supply inflation rate is 2.05%, creating 38.01M MANA in the past year.
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— Decentraland (@decentraland) November 9, 2023
Regarding technical analysis, Decentraland trades above its 200-day simple moving average, indicating positive momentum. Furthermore, the project has exhibited resilience with 20 green days in the last 30 days, constituting a 67% positive performance. Likewise, the Fear & Greed Index stands at 73, reflecting a sentiment of greed in the market.
4. Cosmos (ATOM)
Cosmos is valued at $10.30, with a 24-hour trading volume of $494.16 million. Furthermore, it has a market capitalization of $3.86 billion and a market dominance of 0.27%. Over the past 24 hours, ATOM has experienced a 9.41% increase in price. The current sentiment regarding Cosmos’s price prediction is bullish. At the same time, the Fear & Greed Index at 72 indicates greed in the market.
The circulating supply of Cosmos currently stands at 374.43 million ATOM, with a yearly supply inflation rate of 30.75%, resulting in the creation of 88.06 million ATOM in the last year. In the market sector, Cosmos holds the #9 position in Proof-of-Stake Coins and #14 in the Layer 1 sector.
From a technical analysis perspective, Cosmos trades above the 200-day simple moving average, indicating positive momentum. Moreover, it has demonstrated positive performance compared to its token sale price, with 22 green days in the last 30 days. Thus accounting for 73% of the observed period. The project also exhibits high liquidity based on its market capitalization.
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— Cosmos – The Interchain ⚛️ (@cosmos) November 10, 2023
Future projections and analysis suggest ATOM to reach a maximum price of $14.76 by the end of 2023. Furthermore, the average price is expected to hover around $12.04 in 2023. However, this is based on the assumption of stability and sustained investor interest. However, these projections are subject to market dynamics and external factors that may influence the cryptocurrency landscape.
5. Bitcoin ETF Token (BTCETF)
The recently launched BTCETF Token project is designed to capitalize on the potential approval of a Bitcoin Exchange-Traded Fund (ETF). It aims to consolidate this opportunity into a single token, providing investors with a vehicle to enhance their exposure to this development.
— BTCETF_Token (@BTCETF_Token) November 13, 2023
For the average investor, potential gains from Bitcoin, even with the introduction of an ETF, are projected to be 1-3 times its current value. Notably, the BTCETF project distinguishes itself by focusing on the ETF approval process, potentially offering more substantial returns due to its comparatively modest market capitalization.
Furthermore, BTCETF has raised $493,211 out of its $856,800 funding goal, indicating interest from buyers. This surge in investor interest has positioned the coin as the best crypto to buy now. Notably, potential investors have a limited window of 4 days until a potential price increase.
In conclusion, the BTCETF Token project centers on the impending ETF approval for Bitcoin, offering a unique angle for potential returns. The project’s current standing suggests notable interest from investors. However, careful consideration is advised, given the speculative nature of cryptocurrency investments.
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