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The cryptocurrency market is experiencing a strong upward trend, fueled by recent bull rallies. Bitcoin has reached another milestone, reaching an all-time high of $107,000 and sparking market optimism. As a result, the global crypto market cap reached $3.77 trillion, reflecting a 2.96% increase over the past 24 hours.
Altcoins are also benefiting from this market rally, with Stellar (XLM) becoming one of the best performing players. It has gained 123.20% over the past month, demonstrating strong bullish momentum. With market sentiment currently bullish, this could be a promising time for investors looking to diversify their portfolios. This article will explore the best crypto to buy right nowhighlighting the best performing cryptocurrencies that show strong growth potential.
Best Crypto to Buy Right Now
The Aave DAO has approved a joint incentive campaign to encourage PYUSD adoption on Aave and strengthen PYUSD/GHO liquidity. Meanwhile, Stellar gained attention after rising 11.19% in the last 24 hours, now trading at $0.4553. Additionally, Cronos introduced a major upgrade to its blockchain, increasing its capacity to process up to 60,000 transactions per second.
1. Cronos (CRO)
Cronos has launched a significant upgrade, enhancing its blockchain network to handle up to 60,000 transactions per second. This jump positions it as one of the fastest decentralized networks available. This enhancement aims to increase transaction speeds by 600x, making Cronos EVM more capable of supporting complex applications such as DeFi, Web3 games, and AI-driven experiences.
Following this upgrade, the token’s value increased significantly, currently trading at $0.1916, an increase of 11.48%. Market sentiment around Cronos is bullish, with the Fear and Greed Index at 87, indicating extreme greed. The coin is trading well above its 200-day simple moving average of 106.07%, signaling strong market sentiment.
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Recent trading data shows that Cronos has seen positive trading days, with 16 green days in the last 30 days, suggesting a consistent upward trend. Its liquidity remains high, supporting its market position.
However, the 14-day relative strength index (RSI) at 48.53 suggests a neutral position, potentially indicating sideways trading ahead. This could mean investors could see less volatility in the short term as the market digests recent gains and the implications of technology upgrades.
2. Aave (AAVE)
The Aave DAO has approved a joint incentive campaign to boost PYUSD adoption on Aave and improve PYUSD/GHO liquidity. This will be achieved through a newly created balancer pool on Ethereum. This initiative aims to increase PYUSD deposits in the Aave protocol, with the aim of reaching 75 million units of total deposits.
Aave ranks 28th in the cryptocurrency market and has seen notable momentum recently. At the time of writing, AAVE is trading at $371.18, reflecting a gain of 29.71% over the past 7 days. The token’s market capitalization is $5.57 billion, with a 24-hour trading volume of $1.28 billion.
Additionally, Aave maintains a total value locked (TVL) of $22.29 billion, positioning its market cap/TVL ratio at 0.2501. From a technical perspective, AAVE is trading significantly above its 200-day simple moving average (SMA), currently at $160.37, with an increase of 131.61%.
Aave DAO recently approved a PYUSD co-incentive campaign.
This initiative encourages the adoption of PYUSD on Aave and PYUSD/GHO liquidity in a new @Balancer pool on Ethereum.
Full details: pic.twitter.com/lmdoUFfQc5
-Aave (@aave) December 11, 2024
The 14-day relative strength index (RSI) stands at 65.44, signaling a neutral outlook with possible sideways movement. Additionally, Aave has experienced 19 green days in the last 30 days, or 63% of the period. It continues to exhibit high liquidity relative to its market capitalization.
Market sentiment remains optimistic, with Aave’s price forecast outlook appearing bullish. Meanwhile, the Fear & Greed Index reads 87, reflecting the extreme greed of market participants.
3. Stellar (XLM)
Stellar (XLM) gained new attention after rising 11.19% over the past 24 hours, currently trading at $0.4553. This rise follows a significant technical breakout, signaling the potential for a continued uptrend.
In a notable development, the Real-World Asset (RWA) Foundation announced the X that the Stellar Network has joined as a founding member of its DAO. The RWA Foundation aims to establish standards and best practices to facilitate the adoption of asset tokenization. This initiative targets crypto participants engaging with real-world tokenized assets and issuers seeking blockchain-based solutions.
Stellar is essential for advancing decentralized finance (DeFi) applications and promoting asset tokenization. Its mission focuses on expanding global access to financial markets, making opportunities more inclusive regardless of location.
Our third quarter in figures ⬇️
We reached 9 million total addresses and $4.9 billion in total volume 🎉 pic.twitter.com/J9wSNk8NRP
– Stellar (@StellarOrg) December 13, 2024
Recent Q3 data for 2024 highlights Stellar’s progress, with real-world tokenized asset supply surpassing $590.4 million and trading volumes surpassing $3 billion. Additionally, the network now hosts approximately 9 million addresses, reflecting increased investor activity and asset onboarding.
From a technical perspective, Stellar is trading 140.38% above its 200-day simple moving average (SMA) of $0.190239. It has recorded 16 green days in the last 30 days, which shows positive momentum. The 14-day relative strength index (RSI) stands at 45.96, suggesting neutral conditions and potential for sideways trading.
4. Pepe Unleashed (PEPU)
Pepe unleashed has been making major waves this week, seeing a notable 400% increase over the past few days. The project positions itself as a large-scale blockchain ecosystem, offering features such as a block explorer, developer-friendly Gitbook, grant programs, and DeFi staking opportunities.
Its pre-sale efforts proved successful, raising over $73 million ahead of launch, marking the largest fundraising to date in 2024. The token’s market debut attracted considerable attention. After briefly approaching a market capitalization of $400 million, PEPU showed resilience and continued its upward momentum.
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– Pepe Unchained (@pepe_unchained) December 16, 2024
For a coin at this early stage, its progress is remarkable. One contributing factor is its $4 million cash pool, which has been tied up for 11 months. The move suggests a commitment to long-term stability and strengthens investor confidence.
Launched only three days ago, the PEPU has quickly climbed the ranks. It was listed as one of the top trending tokens on CoinMarketCap, even surpassing Bitcoin at one point. Additionally, on Dexscreener, PEPU currently holds the third position among Ethereum-based tokens, reflecting strong interest and trading activity.
At the time of writing, PEPU continues to trade above its listing price of $0.014 and final presale price of $0.012. The token has recently been trending on the Bybit Web3 DEX Pro platform, with robust trading activity.
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5. Brett (BRETT)
Brett (BRETT) is currently trading at $0.1696, reflecting a gain of 4.61% over the past 24 hours and 4.15% over the past week. The token’s market capitalization stands at $1.68 billion, with a 24-hour trading volume of $76.56 million, a substantial increase of 30.42%.
Meanwhile, the fully diluted valuation (FDV) is around $1.69 billion and the 24-hour volume to market cap ratio is 4.56%, indicating stable liquidity. Despite these numbers, market sentiment towards BRETT remains bearish, consistent with cautious investor behavior.
Nonetheless, the Fear & Greed Index, a key measure of market sentiment, currently reads 87, signaling “extreme greed.” Brett has recorded 15 green days in the last 30 days, highlighting a mix of short-term volatility and buyer activity.
The 24-hour volume to market cap ratio at 0.0841 further indicates high liquidity based on the token’s market cap, which can strengthen short-term trading opportunities. Analysts predict that Brett could trade between $0.16517 and $0.28203 by the end of the year.
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