Best cryptocurrency to buy now on January 28: Lido DAO, Axelar, Ripple| Trending Viral hub

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The best cryptocurrency to buy now‘ is one of the most searched cryptocurrency-related terms on Google, and every day InsideBitcoins lists a few options.

Investors always want to make big profits and finding good opportunities in the market is a constant goal. To help with this, Insidebitcoins periodically puts together a list of the best tokens to invest in. This makes it easier for investors to make smart decisions and choose wisely in the cryptocurrency market.

The best cryptocurrency to buy now

Investors are watching these cryptocurrencies for potential growth and value. Lido DAO, known for its decentralized staking services, is gaining attention for its role in Ethereum 2.0 staking. Axelar is generating interest for its innovative approach to interoperability. Furthermore, XRP remains a focal point for investors, with its recent developments and partnerships increasing its appeal. As the cryptocurrency market evolves, these tokens are being closely monitored to determine their potential performance and impact in the coming days.

1. Ripple (XRP)

The number of small XRP wallets on XRP Ledger has recently increased. This indicates growing interest in Ripple, the sixth largest cryptocurrency by market cap. The XRP Ledger has surpassed 5.02 million wallets containing non-zero Ripple coins.

XRP price chart

Additionally, this marks the largest number of small wallets in its more than ten years of public trading. This growth represents a notable 104% expansion in the wallet network over the last three years. Additionally, the increase in XRP wallets indicates increased investor interest and broader adoption of the XRP Ledger.

This increase can be attributed to the Ledger’s improved scalability and efficiency in transaction processing. Additionally, there has been a notable increase in whale activity within the Ripple ecosystem, with Ripple transfers to centralized cryptocurrency exchanges. This suggests an intensification of trading and investment activities among large holders. Furthermore, Ripple’s market dynamics are influenced by the significant volumes involved in these transactions.

Furthermore, XRP has seen an intraday increase of 0.20%. The token is priced at $0.53, with a 24-hour trading volume of $765.64 million. Currently, the token’s annual supply inflation rate is 8.19%, generating XRP of 4.11 billion last year. Ripple currently occupies the fifth position in the Layer 1 sector.

2. Lido DAO (LDO)

Lido DAO (LDO) has recently introduced its wrapped ETH (wstETH) on the Mantle Network. Additionally, this move allows users to connect their staked ETH to the Mantle Network ecosystem. It marks a step towards improving the scalability and efficiency of decentralized finance (DeFi) applications.

The integration of wstETH into the Ethereum Layer 2 network promises faster transactions and reduced fees for users interacting with the Mantle Network. Furthermore, this has attracted investor interest, evident in the current bullish sentiment surrounding the Lido DAO token price prediction. The Fear & Greed index is at a neutral level of 54, indicating a balanced market outlook.

LDO Price Chart

Furthermore, the LDO token is currently valued at $3.15, with an intraday increase of 4.48%. The token saw a 39% price increase last year, outperforming 61% of the top 100 crypto assets during this period. It is crucial to note that the current annual supply inflation rate for Lido DAO is 184.45%, creating 577.25 million LDO tokens in the last year.

3. Axelar (AXL)

Axelar and Immutable have officially announced their integration, signaling a major step forward in Web3 game interoperability. This collaboration aims to empower game studios by facilitating the incorporation of players on more than 50 blockchains. Further improve liquidity through new user financing channels.

AXL Price Chart

Additionally, players now gain the ability to connect assets to and from Ethereum Layer 1 seamlessly. This is facilitated through the use of Immutable Passport and Immutable Checkout, simplifying the deposit and withdrawal processes for users.

Axelar, which is currently attracting the attention of cryptocurrency investors, has secured its position among the best cryptocurrencies to buy now. With an intraday increase of 3.93%, AXL reached $0.9687, contributing to a market capitalization of $5,070,082 million.

Furthermore, Axelar has demonstrated impressive growth, with its price increasing by 59%, outperforming 64% of the top 100 crypto assets. The token is listed on KuCoin and experiences active trading in the market.

4. Meme Kombat (MK)

combat memes integrates several meme currencies, allowing players to engage in predictive betting on outcomes. As the altcoin season gains momentum, the $MK token is ready to move into its next stage. The token is currently priced at $0.279 in pre-sale, subject to further increases until the official launch on Uniswap.

Additionally, MK has generated a total of $7,596,818.50 so far. The live betting system introduced by Meme Kombat allows bettors to bet and earn an Annual Percentage Yield (APY). The innovative and dynamic staking mechanism uses on- and off-chain transactions to minimize user fees.

Having raised over $5 million in its Initial Coin Offering (ICO), MK has reached the 50% milestone. Meme Kombat differentiates itself by offering APY bets on pre-sale purchases, currently at an attractive 156%. Furthermore, 80% of the total coin supply is already sold and staked.

The token supply is capped at 120,000,000, with 50% allocated to the ICO. The rest is distributed for staking, battle rewards, community incentives, and decentralized exchange liquidity. This strategic assignment aims to foster a sustainable ecosystem for Meme Kombat. As combat memes With its official launch approaching, the project is positioned to create a distinctive space within the crypto community.

5. Akash Network (AKT)

AI tokens are gaining traction among investors, with particular attention on the Akash network. AKT surged 12.5% ​​during the first hours of trading, making it the best cryptocurrency to buy now. Since mid-October 2023, AKT has shown a solid recovery trend, starting from a low of $0.74.

The coin has witnessed an impressive rise of almost 178.82% in the last three months. Akash Network is currently priced at $2.98, with a daily trading volume of $3 million. The coin has a market capitalization of $675 million and has a market dominance of 0.04%.

AKT price chart

Furthermore, AKT has seen a price rise of 0.50% in 24 hours. Technical analysis indicates that AKT is trading above the 200-day simple moving average, a positive sign for investors. Furthermore, the coin’s performance is favorable compared to its initial token sale price.

Additionally, the overall sentiment on AKT’s price prediction is bullish, aligning with a Fear & Greed Index score of 54, indicating neutral market sentiment. In summary, current market sentiment suggests optimism, although investors should conduct extensive research before making financial decisions.

Reflecting on the cryptocurrency market, FTX, the cryptocurrency The trading platform that faced a collapse in 2022, has started liquidating its crypto assets. The platform, currently under the direction of bankruptcy advisors, aims to accumulate sufficient cash reserves to meet its clients’ frozen accounts.

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