Best Crypto to Buy Now March 5 – eCash, Arweave, Chainlink
Release: 2024/03/05 23:34 Reading: 301
Each day, we review some picks for the best cryptos to buy now based on the latest market movements, blockChain news, and trending narratives.
With momentum building in the cryptocurrency market, this week holds promise for identifying altcoins with the potential to double their market prices. Investors are eager to uncover opportunities for significant gains in the coming days. This article analyses the top contenders poised to deliver 2x profits, providing valuable insights for those looking to capitalize on the current bullish trend.
Best Crypto to Buy Now
Among the recent top performers, eCash stands out prominently, with its price soaring by 58.89% in the past 24 hours, pushing its value to $0.00007372. Moreover, Arweave has witnessed remarkable price fluctuations recently, accompanied by bullish movements. Last week, the token surged by more than 105%, while over the past month, it has recorded an impressive increase of over 274%. Meanwhile, Chainlink has solidified collaborations to enhance transparency and functionality within the crypto space.
1. eCash (XEC)
The price of eCash (XEC) has increased by 58.89% in the past 24 hours, propelling its value to $0.00007372. Moreover, the price has surged by 139% in 1 year, outperforming most of the top 100 crypto assets. The fundamental concept behind eCash is to serve as electronic cash, facilitating transactions for goods and services.
It operates on a proof-of-stake (PoS) consensus mechanism named “Avalanche,” which is distinct from the blockchain platform Avalanche (AVAX). One of the key Features is its compatibility with Ethereum Virtual Machine (EVM) and its interoperability with the decentralized finance (DeFi) ecosystem on Ethereum (ETH).
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Moreover, eCash trades above its 200-day simple moving average, suggesting a positive trend. Also, the sentiment around eCash’s price prediction is bullish, with the Fear & Greed Index indicating extreme greed at 90. The token’s circulating supply is 19.65 trillion XEC out of a max supply of 21 trillion XEC.
The growth continues at an unstoppable pace! ?
? Our official @CoinMarketCap community has just hit an incredible milestone of 70,000+ followers! ?
? https://t.co/h5c58PjSIG
?? #eCashArmy Let's keep building and growing together! $XEC ? pic.twitter.com/EXh2L8RmjY
— eCash (@eCashOfficial) March 5, 2024
eCash recently shared on its official account the celebration of significant community expansion on CoinMarketCap. This surge in community growth indicates a growing interest and participation in the eCash project among investors. eCash positions itself as a contender in electronic cash, leveraging technologies like PoS and EVM compatibility, making it an excellent investment option.
2. Arweave (AR)
Arweave (AR) has experienced significant price fluctuations recently, accompanied by bullish movements. Last week, the token increased by more than 105%, and over the past month, it has seen an increase of over 274%. However, this upward trajectory can be attributed to the launch of Arweave AO, a new initiative designed to enhance the protocol’s scalability and computational capabilities.
It introduces coordinated mining capabilities, allowing nodes to work together in mining the dataset. Additionally, it includes native pooling support and protocol adjustments aimed at improving overall network efficiency and performance.
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The introduction of the AO_ecosystem has enabled Arweave to achieve an all-time high of over 600 transactions per second, showcasing its scalability and throughput capabilities. Furthermore, the launch of this new blockchain has undoubtedly contributed to the significant uptrend in AR’s price. AR is trading above its 200-day simple moving average and has shown positive performance compared to its token sale price.
.@aoTheComputer has now surpassed 1,000,000 messages logged (permanently on Arweave).
Shoutout to everyone on ^°! pic.twitter.com/tSDsyZuxGM
— Only Arweave (@onlyarweave) March 2, 2024
In addition, it boasts high liquidity based on its market cap. Moreover, the token has seen 17 green days out of the last 30, indicating a 57% positive trend. Arweave remains an attractive option for investors looking to capitalize on its promising developments and potential for further growth.
3. Chainlink (LINK)
In recent developments, Chainlink (LINK) has cemented collaborations to enhance transparency and functionality within the crypto space. One partnership involves 21Shares, a crypto ETF issuer, which has integrated Chainlink’s Proof of Reserve technology to ensure transparency for both on-chain and off-chain assets.
Additionally, Chainlink Labs has formed a strategic alliance with SocialScan, a platform specializing in community-owned LLMs (Linked Learning Modules) designed to facilitate navigation within the blockchain ecosystem. This collaboration aims to support Chainlink SCALE members by developing essential tools such as block explorers, enabling easier access to on-chain data and AI.
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SocialScan extends preferential pricing to SCALE members, offering discounted rates and reduced integration costs. This commitment underscores the focus on tailored solutions and support for partners. These developments coincide with the surge in Chainlink’s token price.
The token is showing positive performance compared to its token sale price and is trading near its cycle high. LINK’s recent rebound from significant resistance and formation of an uptrend pattern suggests a potential continuation of its upward trajectory.
.@socialscan_io—an AI-powered Web3 discovery hub—has entered into a strategic alliance with @chainlinklabs.
This alliance helps support #Chainlink SCALE members by developing block explorers and other tools for their chains.https://t.co/FNIOk4b3wG
— Chainlink (@chainlink) February 29, 2024
With the platform’s ongoing efforts to enhance its ecosystem and solidify partnerships, Chainlink’s price may grow significantly as the broader crypto market enters a bullish phase. Trading above its 200-day simple moving average and surpassing the long-term resistance level of $18 further supports this outlook.
4. Smog (SMOG)
With a fully diluted market cap of $144 million, SMOG is carving out its niche in the meme coin sector. The token peaked at $0.127 over the weekend before experiencing a slight dip. Nonetheless, its momentum remains strong, boasting over 49,000 holders and $2 million in trading volume within the past 24 hours.
SMOG Token aims to establish itself as a remarkable token in the cryptocurrency market. Unlike many projects, Smog opted for a fair launch without any presale, ensuring equal opportunities for all users. Its distribution strategy revolves around airdrops and community rewards.
The project strategically entered the market during the meme coin craze, leveraging the Solana blockchain to attract investors. Additionally, Smog distinguishes itself by prioritizing airdrop campaigns over presales, fostering a robust community base crucial for long-term success. Launched in early February, SMOG Features innovative tokenomics designed to incentivize holders.
Moreover, 50% of the total supply is allocated for marketing campaigns, while 35% is earmarked for airdrop rewards. Currently, Smog is running “the Greatest Airdrop in History,” distributing significant amounts of SMOG to holders of other popular meme coins such as Samoyedcoin (SAMO).
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Beyond its airdrop initiatives, SMOG offers staking opportunities, allowing token holders to earn yields. The token’s yields stand at 42% annually, with nearly 17 million SMOG tokens already locked up. With SMOG gaining traction on social media and expanding its reach by integrating with Ethereum, the token appears poised for continued growth and adoption.
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5. Pepe (PEPE)
Pepe has emerged as one of the top meme coins in the cryptocurrency market. The coin is experiencing notable growth in its performance metrics over short- and medium-term periods. Currently priced at $0.000007652, Pepe has seen an intraday increase of 8.966% and a 254.05% surge last week.
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This surge in price has gained attention from investors, as reflected in its market cap of $3.2 billion and a considerable 24-hour trading volume of $3.8 billion. Investors are showing much interest in PEPE as per the Fear & Greed Index, which shows an extreme greed reading of 90.
Furthermore, Pepe is trading above its 200-day simple moving average, indicating a positive trend in its price movement. Additionally, out of the last 30 days, Pepe Coin has seen 20 green days, accounting for 67% of its trading period, further bolstering investor confidence. Equally, Pepe is prominent in the Meme Coins sector, currently ranking #3.
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— Pepe (@pepecoineth) March 1, 2024
Moreover, its high liquidity, evidenced by its market cap, suggests a strong interest from investors. Pepe’s recent performance showcases its growing prominence within the cryptocurrency market. While its rapid price appreciation may indicate speculative interest, its strong fundamentals and market positioning suggest sustained investor confidence in the project’s prospects.
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Source: https://thebittimes.com/best-crypto-to-buy-now-march-5-ecash-arweave-chainlink-tbt81667.html
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