Cryptocurrency has been a hot topic for a while now, with various tokens making big moves in recent weeks. DYDX, RUNE, and FET have shown significant gains, while newer tokens such as BTCETF and BTCMTX are also generating a lot of interest. These tokens are garnering attention due to their recent price action and fundamental developments, making them some of the best cryptos to buy now.
The decentralized exchange dYdX has seen a massive surge in price recently, with its native token DYDX jumping nearly 50% in just 48 hours. This increase comes right before a large unlock event for the token, and the platform has also unveiled its layer 1 blockchain, developed on Cosmos technology. This upgrade in the platform’s architecture enhances its capabilities and expands its transaction processing power.
THORChain’s token price has consistently surged over the past fifteen weeks, coinciding with a robust growth in users, as the network’s Total Value Locked (TVL) has recently crossed $300 million. As of the latest data, the price of RUNE stands at $5.931 with a market capitalization of roughly $2 billion, making it one of the top-performing tokens. Fetch.ai is also seeing an impressive 475% surge in value year-to-date, believed to be due to growing interest in AI technology and blockchain-based AI projects.
The market also continues to see the launch of new projects, such as Bitcoin ETF Token and Bitcoin Minetrix, both of which are drawing attention for their potential impact on the cryptocurrency market. With all these advancements and gains, these cryptocurrencies rank among the best crypto to buy now.
Looking at the technical indicators, DYDX seems to have found footing around the 20-day EMA of $3.052 and the Fib 0.618 level of $2.989 after retracing from its year-to-date high. The DYDX price is up a substantial 15.76% so far today as it attempts to break through the horizontal resistance zone around the Fib 0.382 level of $3.513. This move higher indicates potential for further upside momentum.
Similarly, the RUNE price faced a pullback over the last 4 days, retracing to the Fib 0.382 support level of $4.853. However, it has rebounded strongly today, with prices up by a substantial 21.39% so far and currently trading at $5.931. This bounce from the Fib 0.382 level signals that bullish sentiment may be returning to the RUNE market.
Fetch.ai has also hit a multi-month high of $0.5794 before pulling back 11.38% yesterday, but it appears to be stabilizing above key support near $0.47, with the FET price up 13.21% today as bulls look to regain control.
Overall, these tokens are showing impressive gains and have strong potential for further growth in the near future. With their recent advancements and price action, they stand out as some of the best cryptos to buy now.
