By CryptoNews - 3 months ago - Reading Time: 9 minutes
Best Crypto to Buy Now January 24 – SUI, Bittensor, Celestia
The cryptocurrency market is showing signs of renewed momentum as Sui Network’s SUI token rallies after a successful bounce from the 20-day EMA, Bittensor’s TAO climbs on AI potential, and Celestia’s TIA rebounds from recent declines. For investors seeking the best crypto to buy now, new crypto presales like Sponge V2 and eTukTuk offer additional exposure alongside top contenders.
Best Crypto to Buy Now in the News
Sui (SUI) has secured its place as a key player in the decentralized finance (DeFi) arena. The Sui network’s total value locked (TVL) has surged past $356 million, marking a dramatic 2,725.4% increase since July 2023. This leap in TVL coincides with a new peak in SUI’s market value, with the token experiencing a 250% price increase over the past three months.
This trend has been observed. Speculation that SUI could climb as high as $2 stems from the DeFi sector’s momentum and SUI’s rapid TVL growth. Despite some price volatility, indicators such as the RSI and MACD signal a continued bullish trend for SUI, with strong support around the $1 mark.
Announcing our inaugural global conference: Sui Basecamp!
Join us April 10-11 in Paris, France to celebrate the Sui builders, businesses, and believers that have been with us in the first year of Mainnet!
Buy your ticket now before prices increase: https://t.co/d8L5JgDo1X…
— Sui (@SuiNetwork) January 22, 2024
A major conference in Paris on April 10-11, 2024, has been scheduled by the Sui team, promising to reveal further advancements within their ecosystem.
Bittensor’s TAO token has also experienced positive momentum, posting over 20% gains across the last two days. This recent price uptick builds on an already positive trend for TAO, which has seen a 12.47% increase over the past month and a sizable 335% climb over the last 3 months. The cryptocurrency now trades around the $310 mark amid this sustained upward trajectory.
Bittensor is carving out a niche in the market by offering a blockchain platform where machine learning models can train in a collaborative environment. This initiative not only looks to democratize AI development but also to create a market for transparent and secure AI applications.
Celestia’s native TIA token has staged a recovery, rebounding to the current level of $15.8482 which represents a near 14% increase from its recent swing low. This price uptick can be attributed to Celestia’s strong performance, including key integrations with various platforms such as Arbitrum Orbit and Manta Network.
The network’s growth and partnerships have contributed to renewed investor interest in TIA after previous declines.
RWAs modular DA
We will be launching with @CelestiaOrg underneath , the leader in high-throughput modular data availability.
Using Celestia from day one enables Plume to onboard a new wave of RWA projects, unconstrained by transaction fees or scaling bottlenecks pic.twitter.com/SYcj1rpTM4
— Plume Network (@plumenetwork) January 23, 2024
The recent announcement from Plume Network about its launch on Celestia, focusing on real-world asset tokenization, has sparked further interest in the platform.
While Celestia’s TIA token is trading below the 20-day exponential moving average, pointing to possible continued volatility in the short term, its long-term prospects remain bullish overall. Market observers anticipate that TIA might retest its all-time high near $20.40, buoyed by its continued demand and robust security features.
Investors are also turning their attention to new opportunities in the crypto presale space. Sponge V2 and eTukTuk represent early investment possibilities that have shown progress and attracted early interest. These ventures are in their nascent stages but possess qualities that could impact the cryptocurrency market.
The investment arena is filled with both challenges and opportunities. Each cryptocurrency presents a unique combination of advancements, with market dynamics that can shift rapidly. For those seeking the best crypto to buy now, staying informed and adaptable to the evolving market is essential.
SUI Price Gains Momentum, Eyes Swing High Resistance
Source: TradingView / SUIUSDT
The SUI price is attempting to post its third straight daily gain, with the coin currently up 8.88% so far today. SUI is now trying to overcome resistance between $1.21 and $1.24 after bouncing off support levels earlier this week.
Examining key indicators, the 20-day EMA for SUI stands at $1.10 while the 50-day EMA sits at $0.93. With the faster EMA above the slower EMA, positive momentum appears to be building for SUI in the short term.
Additionally, the RSI has climbed to 64, up from yesterday’s 59 and moving away from oversold territory below 30. The MACD histogram has also become less negative at -0.01, reflecting easing bearish pressure.
SUI’s surge today coupled with rising volume signals traders are returning after its recent selloff. If SUI can close decisively above the $1.21-$1.24 resistance zone, it could challenge overhead resistance between $1.41 and $1.50 next.
On the downside, initial support lies between $1.06 and $1.10, aligning with its 20-day EMA. A break below here could see SUI test its 50-day EMA around $0.93.
For now, SUI appears positioned to extend its emerging uptrend after finding a bottom. Follow-through buying will be key for bulls to maintain control.
A daily close above $1.24 would confirm upside momentum, while rejection could lead SUI back toward $1.06 support. Monitoring volume and RSI levels can help traders gauge SUI’s next potential move.
TAO Price Breaks Resistance, Surges 13.64% on Bullish Momentum
Source: TradingView / TAOUSDT
The TAO price has seen bullish momentum pick up steam in recent days, surging 13.64% today in an attempt to overcome multiple resistance levels. After consolidating around the $257 support area last week, TAO has broken out above its trading range.
Examining key indicators, the 20-day EMA for TAO stands at $257 while the 50-day EMA sits at $255. With the faster EMA crossing above the slower EMA, this crossover indicates growing upside momentum in the near term.
Additionally, the RSI has climbed to 63 today, up from yesterday’s 55 reading. This shows gathering strength and moves TAO away from oversold levels below 30. The MACD histogram has also risen to 7.44 versus 4.56 yesterday, reflecting building bullish momentum.
TAO’s breakout today comes on strong volume, signaling traders are jumping back into the coin. With the TAO price trading around $305, it is currently challenging resistance between $299 and $310. If TAO can close decisively above this area, it would confirm the uptrend with the potential to test higher resistance levels soon.
On support levels, TAO has floors around $257 where its previous consolidation occurred. Below that, the 20-day EMA near $257 marks an important test point. Losing this could see TAO drop towards the 50-day EMA around $255.
Overall, TAO’s technical outlook has shifted bullish. Sustaining the breakout will be key for further gains. A close above $310 resistance would validate the uptrend, while rejection could retest $257 support. RSI and volume levels can provide additional clues on TAO’s next move.
Celestia’s TIA Price Retreat from Resistance Prompts Consolidation Outlook
Source: TradingView / TIAUSDT
After bouncing off support levels yesterday with a nearly 8% surge, the TIA price is meeting resistance on further gains today. With TIA down 3.7% currently and trading around $15.85 so far today, it appears some consolidation may be needed before another leg higher.
Examining the indicators, TIA’s 20-day EMA stands at $16.21 while its 50-day EMA sits at $13.58. While the faster EMA remains above the slower EMA, TIA’s retreat from its 20-day EMA resistance indicates short-term upside momentum is slowing.
Additionally, the RSI has pulled back to 51 from yesterday’s 54 reading, reflecting decreasing momentum. The MACD histogram has also become more negative at -0.38 versus -0.33 yesterday, pointing to building bearish momentum.
Today’s decline comes on mild selling volume, showing bulls are taking a breather after yesterday’s surge. After reaching resistance between $16.40 and $17.26, TIA was rejected and could see more sideways consolidation now.
On the downside, initial support aligns with TIA’s 20-day EMA around $16.21. Below that, the next floor sits between $14.13 and $15.90. Losing the $15.90 support level could open the door for a drop towards the 50-day EMA near $13.58.
While the TIA uptrend remains intact above the 50-day EMA, its stalled breakout highlights the need for caution. A close above $17.26 would reaffirm the bullish trend, while rejection could precede a retest of the $15 zone. RSI and volume levels can provide further clues on TIA’s next directional move.
While SUI, TAO, and TIA navigate near-term resistance levels, Sponge V2 and eTukTuk offer Bitcoin alternative exposure through their ongoing presales. These new meme coin and eco-transportation crypto projects have generated buzz in the community and could surge in price when released.
Bitcoin Alternatives – The Next Big Cryptocurrencies Taking Off
Bitcoin has led the cryptocurrency disruption of finance, but focusing solely on Bitcoin overlooks other cryptocurrencies progressively gaining traction. Wise investors are shifting their attention to other cryptocurrencies in their presale stage before the official launch.
Presales provide early access to purchase new tokens at discounted rates. Ventures like Sponge V2 and eTukTuk are seeing avid participation in their presales from investors drawn to the potential returns if the projects gain momentum post-launch. Presales frequently include additional incentives like bonuses and giveaways to entice early supporters further.
However, risks exist when backing unproven ventures. Performing due diligence and assessing the project’s real-world application is vital. Diversification remains crucial – balancing presale participation with holdings in established cryptocurrencies can provide stability.
Some presales falter following launch. Yet the huge upside potential warrants measured involvement for investors open to calculated risks. These opportunities provide exposure beyond stalwarts like Bitcoin to the uncharted territory of alternative cryptocurrencies.
Presales exhibit the expansive ingenuity in crypto. Prudent investors take advantage of these openings for exaggerated returns by balancing conventional crypto with cryptocurrencies in developmental stages. For crypto enthusiasts, having good analysis and balanced investments is integral to maneuvering through the volatile cryptocurrency market loaded with possibilities.
Sponge V2: The Next Big Meme Coin and The Best Crypto to Buy Now
The meme coin market is heating up again with the ongoing presale of Sponge V2, the next iteration of the successful Sponge token. With major upgrades to utility and roadmap, Sponge V2 is set to harness the momentum of the 2024 crypto bull run.
10 exchanges not enough? #SpongeV2 will be listed on BIGGER AND BETTER exchanges!
You’re not ready for what’s coming next #SpongeV2 #MemeCoin #Presale pic.twitter.com/LdXRYu65Z8
— $SPONGE (@spongeoneth) January 23, 2024
Sponge V1, launched in 2023, saw massive growth last year. Now holding over $40 million in market capitalization, demand for the meme coin has investors eagerly awaiting Sponge V2. The token’s unique “stake-to-bridge” system creates an exclusive presale opportunity.
To obtain Sponge V2 tokens, investors must lock their Sponge V1 tokens via staking. The length of staking determines the quantity of V2 tokens received. Current staking APY stands at an impressive 287%, but this rate will decrease as more investors buy in.
The total value staked and bridged has already exceeded $5.8 million. The hype surrounding Sponge V2 may push its price even higher than the original token. For optimal profits, early participation in the presale is key.
Acquiring Sponge V2 requires MetaMask or another ERC-20 compatible wallet. From there, investors must purchase Sponge V1 with ETH or USDT on a centralized exchange. Sponge V1 is then staked on the Sponge V2 website to receive V2 tokens.
Sponge V2 offers upgraded features like collaborations with major exchanges, viral marketing techniques, and substantial community hype. With the right trends and strategies, it could become the next DOGE or SHIB once released.
For investors seeking early entry into what may be the best crypto to buy now, acting fast on the Sponge V2 presale opportunity is advised. With its unique features and marketing strategies, Sponge V2 is well-positioned to attract attention as a leading meme coin contender when it officially launches.
eTukTuk: The Best Crypto to Buy Now for Eco-Friendly Transportation
A new cryptocurrency project is set to bring electric vehicles to developing countries in an eco-friendly effort to reduce carbon emissions.
eTukTuk, launching its token presale, focuses on producing affordable electric auto rickshaws, known as “tuk-tuks,” for nations such as Sri Lanka. Its crypto token, called $TUK, will power a blockchain-based payment system for drivers as part of a broad push toward sustainable transportation.
Switching from the old, noisy, and polluting ICE tuktuks to the sleek, quiet, and eco-friendly eTukTuk – because progress is not just about moving, it's about moving forward responsibly #ElectricVehicles #Memes pic.twitter.com/BWkoU3T09D
— eTukTuk (@eTukTukio) January 7, 2024
After a 5-year development phase, eTukTuk tuk-tuks will have under 200 locally sourced parts to minimize costs for drivers. An AI system, roll-cage design, and lithium iron phosphate batteries are engineered to enhance efficiency and safety.
The project goes beyond vehicles to tackle inadequate EV infrastructure through partnerships that install and run charging stations where drivers can power up.
Participants who stake $TUK tokens receive rewards, encouraging engagement in the ecosystem. The presale allows crypto and credit card purchases.
Sri Lanka is the starting point, but the initiative intends to expand worldwide. The platform’s in-progress play-to-earn mobile game has the intended purpose of driving increased overall market awareness.
With eco-minded transportation solutions in the spotlight, eTukTuk’s presale offers an opportunity for impactful investment. The project revs up EV adoption where it’s needed most – in regions lacking infrastructure.
As climate change accelerates, projects advancing green transportation solutions deserve attention. eTukTuk’s presale enables early support for what could be a transformative EV play in developing markets, and a top contender for best crypto to buy now.
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Original source: CryptoNews