The total market value of the cryptocurrency market is $1.44 trillion, down 1.53% during the session. At the same time, the total 24-hour market volume fell by 97.39% and currently stands at $141.68 billion.
The overall trading volume of the cryptocurrency market decreased, totaling 48.66 billion US dollars, a decrease of 6.83%. It is worth noting that the decentralized finance (DeFi) field contributed $5.19 billion to this figure, accounting for 10.67% of the total market trading volume during the same period. Stablecoins, on the other hand, account for a considerable proportion, currently at $42.86 billion, accounting for 88.07% of the total 24-hour cryptocurrency market volume.
The Best Cryptocurrencies to Buy Right Now
MATIC
Polygon has a circulating supply of 8.01 billion MATIC, with a maximum of 10 billion MATIC. It is currently ranked 7th in Proof-of-Stake tokens, 3rd in Ethereum (ERC20) tokens, and 1st in Layer 2 (based on market cap).
MATIC is trading above the 200-day simple moving average, showing a positive trend compared to its token sale price. In the past 30 days, there were 17 green days, accounting for 57% of the observation period. The project's large market capitalization reflects its high liquidity.
Digging deeper into historical price data, Polygon peaked on December 27, 2021, hitting an all-time high of $2.91. Conversely, the all-time low was on May 9, 2019, at $0.003049. Post-ATH, the lowest price touched $0.322074 (cycle low) while the highest price surged to $1.559350 (cycle high). Currently, Polygon price forecast sentiment is biased towards the bearish side, with the Fear and Greed Index at 74, indicating that market sentiment is characterized by greed.
KCS
In recent market dynamics, KuCoin Token has experienced fluctuations. On December 1, 2021, KCS peaked at $28.79, setting a new all-time high. However, it reached its lowest point on December 4, 2017, trading at an all-time low of $0.316302. Following the all-time high, the lowest price reached $3.56 and the highest since the last cycle low was $8.23.
The current sentiment regarding the KuCoin Token price prediction is leaning towards the bullish side, with the Fear & Greed Index at 74 (Greed). The circulating supply of KCS is 80.12 million KCS, and the maximum supply is 171.25 million KCS. The KuCoin token currently ranks 8th among exchange tokens and 23rd among Ethereum (ERC20) tokens based on market capitalization.
KuCoin Token’s recent performance shows a significant price increase of 22% over the past year, marking a significant upward trend. During this period, it outperformed 57% of the top 100 crypto assets. Notable indicators include a sustained move above the 200-day simple moving average.
In addition, there were 20 green days in the past 30 days, accounting for 67% of the observation period. The coin is sitting near its cycle highs, indicating a good market position.
XRP
XRP has performed extremely well over the past year, with a significant price increase of 51%. This growth rate exceeds 64% of the top 100 crypto assets. The coin is consistently trading above the 200-day simple moving average, indicating an ongoing positive trend.
In recent market dynamics, XRP has seen 18 green days in the past 30 days, accounting for 60% of the observation period. This positive momentum is consistent with the project's high liquidity, as reflected in its market capitalization.
XRP hit an all-time high of $3.92 on January 4, 2018, and an all-time low of $0.002802 on July 7, 2014. Following the all-time high, the lowest price reached $0.113268 (cycle low) and the highest price hit $0.113268 (cycle low). $1.977930 (cycle high). Currently, XRP price prediction sentiment remains neutral, with the Fear and Greed Index at 74, indicating that market sentiment is characterized by greed.
The current circulating supply is 53.89 billion XRP, and the maximum supply is 100 billion XRP. The annual supply inflation rate is 16.81%, and 7.75 billion XRP was created last year. In the Layer 1 space, XRP ranks fourth based on market capitalization.
NUGX
NuggetRush (NUGX) is a rising star in the meme community, making investors richer through the rich advantages of GameFi.
Traders invest in the project because it strives to financially empower users and artisanal miners. The project’s advanced ecosystem supports an active community and innovative gameplay, making it the best cryptocurrency to buy right now.
NUGX’s phenomenal gaming is one of the features that makes it a top ICO token. The game aims to be the most addictive play-to-earn (P2E) game on the market. The gameplay revolves around players managing their mining operations.
NuggetRush provides players with basic tools and a small plot of land to get started. The project is committed to self-sustainability, which makes NUGX gaming a first-class experience.
When looking for bullish cryptocurrency trends, investors should not miss the long-term viability and profitability of a project. NuggetRush ticks all of these boxes, which is why the pre-sale was a huge success.
The project's pre-sale raised more than $700,000 in a short period of time. The project has sold over 65 million NUGX tokens, solidifying its status as one of the best Altcoin of 2023.
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