Best Crypto to Buy Now February 28 – Arweave, Oasis Network, Shiba Inu
Release: 2024/02/28 23:39 Reading: 645
InsideBitcoins regularly provides a rundown of the best cryptocurrencies to buy now, taking into account their recent price performance.
Investors in the cryptocurrency market constantly seek opportunities to multiply their portfolios, aiming for substantial returns. Identifying projects with the potential for significant growth is a primary goal amidst the many options available. However, distinguishing between promising and less favorable cryptocurrencies can be challenging.
Nevertheless, InsideBitcoins simplifies this process by conducting daily market analyses, compiling a list of cryptocurrencies gaining traction, and demonstrating potential for significant growth.
Best Crypto to Buy Now
Pepe has emerged as a leading cryptocurrency to consider purchasing, boasting a market cap of $1.1 billion. Recent developments within the PEPE ecosystem have significantly contributed to its success. Additionally, Arweave (AR) has witnessed a surge of over 40% in value, credited to recent fundamental improvements in its network. Moreover, the ROSE price has indicated a potential breakout rally in recent market activity.
1. Shiba Inu (SHIB)
Shiba Inu emerged in 2020 as a digital currency inspired by the internet meme culture surrounding the Shiba Inu dog breed. Initially seen as a joke, SHIB quickly gained popularity in the cryptocurrency community thanks to its dedicated followers. Often dubbed the “Doge-Killer,” SHIB positioned itself as a competitor to Dogecoin (DOGE), aiming to establish its place in the market.
Moreover, SHIB is part of the decentralized finance (DeFi) ecosystem operating on the Ethereum blockchain. It allows users to use decentralized applications (DApps) and protocols. Despite its humorous origins, SHIB has shown practical use within the crypto market, experiencing increased adoption and activity across different platforms.
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Furthermore, the token currently trades at $0.00001102, with an intraday increase of 5.49%. SHIB is hovering near its peak price level. Market sentiment indicates a neutral stance, while the Fear & Greed Index reflects extreme greed at 82.
Also, several factors suggest the potential for a significant price surge for SHIB this year. Notably, there has been a recent increase in the rate at which SHIB tokens are burned, meaning a decrease in the total supply available. This reduction in supply could lead to higher demand and drive up the price.
Approaching 3 million transactions… and the day isn’t over yet! Wishing the ShibArmy an amazing week ahead. Check out the latest Shibarium activity at https://t.co/8ttFbBwkrF pic.twitter.com/Hwe9pzpg9q
— Shib (@Shibtoken) February 19, 2024
Additionally, the accumulation of SHIB by institutional investors, often called “whales,” indicates growing confidence in the project’s long-term viability. Furthermore, SHIB’s integration into various DeFi platforms and its expanding ecosystem contribute to its practicality and attractiveness. SHIB appears well-positioned to capitalize on emerging trends and opportunities as the cryptocurrency market matures. This, however, makes SHIB the best crypto to buy now.
2. Pepe (PEPE)
Pepe has emerged as the best cryptocurrency to buy, with its market cap reaching $1.1 billion. Recent events within the PEPE ecosystem have contributed to its success. Six influential wallets executed trades, selling approximately 2 trillion PEPE tokens and generating profits of around $2 million.
This high-volume activity reflects the increasing momentum behind Pepe Coin during its recent rally. Furthermore, PEPE’s value surge coincides with a broader bullish sentiment in the cryptocurrency market. This favorable market environment bodes well for Pepe and other digital assets, indicating a potentially lucrative period for investors.
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Moreover, PEPE aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin, positioning itself as a leading meme-based cryptocurrency. The token distinguishes itself by implementing a no-tax policy and openly acknowledging its lack of utility, focusing solely on its role as a meme coin. Pepe Coin demonstrates strong performance metrics by trading above its 200-day simple moving average.
Pay once for scalable data storage, and securing assets permanently is just one of the many things Arweave enables.
Check out the full blog post from Irys on NFT storage costs:https://t.co/n9gLkpbJ1H
— Only Arweave (@onlyarweave) February 21, 2024
The token has also had 17 green days out of the last 30 days. Additionally, its high liquidity, based on its market cap, further solidifies its position in the market. Pepe Coin presents a unique proposition in the meme coin market with a total supply of 420.69 trillion PEPE tokens already in circulation.
3. Arweave (AR)
Arweave (AR) has experienced a surge of over 40% in value, attributed to recent fundamental improvements in its network. Arweave introduces the Arweave AO protocol, which is likened to a “hyperparallel computer” within the Arweave ecosystem. This protocol aims to facilitate parallel execution for proof-of-stake computations.
Also, the protocol aims to enhance scalability and support various smart contracts and blockchain protocols. The recent surge positions AR as one of the top gainers in the cryptocurrency market, particularly noted on Binance.
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With over 3.2 billion transactions processed, AR has reached an 18-month high, boasting a market cap exceeding $1 billion. At the time of writing, AR is trading at $24.32, marking a 43.49% increase within 24 hours. Furthermore, the prediction for Arweave’s price is optimistic, with the Fear & Greed Index showing an Extreme Greed score of 82.
Equally, AR demonstrated impressive growth last year. The token’s price rose by 133%, surpassing 72% of the top 100 cryptocurrencies. Arweave stands out for its high liquidity based on its substantial market cap, signaling robust investor interest.
4. Scotty the AI (SCOTTY)
Scotty the AI is a cryptocurrency project that combines meme coin attributes with AI integration. Recently, their presale for the SCOTTY token amassed over $924,857, signaling considerable interest from investors. SCOTTY aims to utilize advanced machine learning technology for practical purposes such as token swapping and conversational assistants.
? ScottyTheAi # 1 #memecoin of 2024
investors taking advantage of cheap prices at Stage 7?Less than $150k left. Until price increases at stage 8
⚠️looking like stage 7 will sell out days ahead of time like pervious stages.
BUY $SCOTTY presale at https://t.co/zRmy4g8hfW… pic.twitter.com/2vfJDwdhtb
— Scotty The Ai (@ScottyThe_Ai) February 27, 2024
Its approach distinguishes it in the AI cryptocurrency arena. The presale adopts a tiered structure, enabling early investors to acquire SCOTTY tokens at discounted rates. As each round progresses, the token price incrementally rises. Currently, the seventh round is underway, offering SCOTTY tokens at $0.00605 each.
Furthermore, SCOTTY integrates AI technology into blockchain security and confidentiality measures. Investors are optimistic about potential returns from investing in SCOTTY, viewing it as a project with significant growth potential.
5. Oasis Network (ROSE)
In recent market activity, the price of ROSE has shown signs of a potential breakout rally. With a surge in buying pressure, the token appears poised for a significant upward movement. Over the past 30 days, 16 days of positive price action have indicated growing investor optimism.
At its current value of $0.1375, ROSE has experienced an increase of 19.91% over the past week. This upward momentum aligns with a bullish sentiment in the market, reflected by a Fear & Greed Index reading of 82, indicating extreme greed among investors. ROSE is currently trading above its 200-day moving average.
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Furthermore, one factor contributing to ROSE’s positive sentiment is the announcement of a strengthened partnership between the Oasis Foundation and the Ocean Protocol Foundation. Both organizations are focused on advancing privacy solutions within the Web3 ecosystem. Their collaboration has resulted in the successful development of the Ocean Predictor dApp, which leverages Oasis Network’s Sapphire protocol.
As part of their continued collaboration, the two foundations have initiated a token exchange agreement, with each party receiving $250,000 worth of the other’s native token. They also plan to establish a liquidity pool on illumineX, comprising $250,000 worth of both ROSE and OCEAN tokens.
We’re deepening our collaboration with @OceanProtocol with a $500K token swap for joint initiatives!@predictoor_ai, powered by Oasis Sapphire, has already processed over 4.5M transactions — seeing over $23M in volume in the past 30 days ?
Read more ? https://t.co/mUIHpbOYOM
— Oasis Network (@OasisProtocol) February 27, 2024
This strategic partnership aims to integrate privacy-focused solutions into decentralized applications further and enhance interoperability within the blockchain ecosystem. By combining their respective expertise and resources, the Oasis Network and Ocean Protocol Foundation seek to advance the adoption of privacy-preserving technologies across various use cases.
In summary, the recent developments surrounding ROSE reflect a positive outlook for the project, with potential implications for its long-term growth and adoption within the cryptocurrency market. Investors should continue to monitor market trends and project updates to assess the ongoing trajectory of ROSE and its associated ecosystem.
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