InsideBitcoins regularly provides recommendations for the best cryptocurrencies to buy, taking into account their recent price performance. In the current crypto market activity, investors seek out coins with great potential. The multitude of options complicates making smart investment decisions. Nevertheless, this article will review several coins that are expected to grow significantly in the future.
Best Cryptocurrencies to Buy
Render has gained 45% in the last month, from $7.33 to $11.36. In addition, NEAR has seen an intraday increase of 7.44%, which reflects bullish sentiment overall. Dogecoin20 has successfully completed its initial coin offering (ICO), raising over $10 million. Meanwhile, the newly launched Ethereum blockchain-based meme coin CHUCK has seen a significant increase in value, surging by a staggering 258,00%.
1. Render (RNDR)
As the AI market continues to expand, Render has recently attracted attention. In the past month, its price has increased by 45%, from $7.33 to $11.36. This increase has increased Render's market value from $2.72 billion to $3.74 billion.
Render’s technical analysis leans towards a bullish sentiment. The cryptocurrency is currently trading above its 50-day and 100-day exponential moving averages. Moreover, over 26 of RNDR’s technical indicators show positive momentum. Furthermore, experts in the market have made an optimistic prediction for Render’s price. They expect its price to reach $14.99 within the second quarter of 2024.
Render has performed exceptionally well over the past year, with its price surging by 6,52%. This growth outpaces the 89% of the top 100 crypto assets including Bitcoin and Ethereum. Furthermore, Render is trading above its 200-day simple moving average and close to its cycle highs. This indicates strong market sentiment and hints at the potential for further upside. Moreover, Render has high liquidity based on its huge market cap, which increases its appeal to investors.
2. NEAR Protocol (NEAR)
NEAR Protocol has recently attracted the attention of investors due to its user-friendly and scalable blockchain technology. As a first-layer blockchain, the token differentiates itself by operating in an environmentally friendly manner and striving to be CO2 neutral.
Furthermore, NEAR’s intraday trading price has grown by 7.44% and its overall sentiment remains bullish. In the past seven days, it has experienced a decline of 8.17%. However, this setback has not dampened the optimism.
This is reflected on the Fear and Greed Index, which currently stands at 71, indicating a greedy mood among investors. At the time of writing, the coin is trading at $6.23, demonstrating stability by maintaining its position above the 200-day simple moving average. This indicates a possible positive trend.
In addition, its high liquidity, driven by its huge market capitalization, also indicates a strong trading environment. NEAR Protocol has grown 2,54% in the past year, surpassing the 71% of the top 100 crypto assets.
3. Dogecoin20(DOGE20)
Dogecoin20 has completed its initial coin offering (ICO), raising over $10 million. This achievement was achieved amid the continued popularity of the memecoin in the first quarter of 2024. The project has set April 20, 2024 as the token distribution date.
The date is called "DOGE Day," a nod to Dogecoin's playful origins and the iconic 420 meme. In addition, DOGE20, an ERC-20 token based on the Ethereum blockchain, is intended to be an upgraded version of Dogecoin. It promises enhanced features and a new staking infrastructure for passive income.
DOGE20 has a maximum circulating supply of 140 billion tokens and is designed to solve the problem of unlimited inflation dynamics present in Dogecoin. The project's token economic structure allocates 25% for pre-sale, 25% for marketing, 25% for finance, 15% for staking rewards, and 10% for liquidity on decentralized exchanges.
Additionally, investors can purchase DOGE20 tokens for $0.00022 ahead of its planned launch on decentralized exchange platform Uniswap. The success of DOGE20’s presale and its engagement with the memecoin and Dogecoin communities show promise. However, the team’s ability to deliver on its promises, maintain momentum, and attract a wider audience will determine its long-term success.
4. Flare (FLR)
Flare has gained more than 20% in the past day, with an increase of 270% in trading volume. Both spot markets and futures traders drove the rise, which coincided with the release of Flare Network’s updated protocol FTSOv2.
Additionally, FLR’s price rally can be traced back to mid-February, when Flare Network co-founder Hugo Philion announced the potential for Flare to integrate with XRP’s FXRP asset. This announcement caused FLR’s price to rise by more than 75% in the days that followed. The upgraded oracles in the FTSOv2 update enable decentralized application (dApp) developers to access a wider range of data sources.
In addition, up to a thousand data sources are provided in each block, which can be updated 1-2 times per second, laying the foundation for Flare's vision of integrating data into the blockchain. Key improvements in the FTSOv2 update include increased data flow, enhanced update frequency, and expanded data capabilities, including assets such as stocks and commodities.
FLR's current upward price trend reflects the market's positive response to the development of the Flare Network. Currently, FLR is trading at $0.045, a significant increase of 30.61% in 24 hours. Increased trading volume and rising open interest in FLR futures highlight the increase in interest and activity in FLR.
FLR is currently trading above the 200-day simple moving average, indicating the presence of bullish sentiment in the market. It also has high liquidity based on market capitalization. Moreover, people are bullish on the price prediction of Flare, while the Fear and Greed Index shows that the index is 71, indicating the presence of greed among investors.
5. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) has shown resilience and growth amid market volatility, sparking talk of a potential climb above $600 this quarter. Bitcoin Cash’s upcoming network upgrade has fueled expectations of a major price rally.
However, it rebounded with a surprising 58.4% and finally reached $569.16. Currently trading at $605.40, with an intraday increase of 1.87%, BCH is trading above the 200-day simple moving average. In the past 30 days, it has 18 up days, indicating a positive trend of 60%.
In addition, the investment community showed interest in Bitcoin Cash, with holdings exceeding $700 million, the highest level in three years. Analysts are optimistic about the growth prospects of Bitcoin Cash after the network hard fork, predicting that its value may increase by 13.3% to $644.87.
BCH has been in a steady uptrend since the June 2023 low of $90. It has broken through a crucial resistance level to achieve its current position. This uptrend is supported by bullish indicators suggesting that Bitcoin Cash could rise beyond the expected milestones.
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