We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days.

This article will explore the top picks for the best cryptocurrencies to buy now, focusing on Sui, Oasis Network, and Meme Kombat, each highlighted for potential investment opportunities. Nevertheless, Insidebitcoins provides easy-to-understand insights, breaking down the complexities of the crypto market and guiding investors to spot growth opportunities and achieve success.

Best Crypto to Buy Now

Arbitrum has emerged as a big performer in this week’s trading session, showcasing a considerable surge of 27.2% since the close of last Friday’s trading session. As such, Arbitrum stands out among the top cryptocurrencies, being one of the few to establish a fresh all-time high over the past week.

Meanwhile, mega-cap crypto like Bitcoin and Ethereum experienced a relatively subdued week. Bitcoin observed a modest gain of 3.7%, while Ethereum registered a decrease of 3.4%. This contrast in performance has fueled heightened interest in Arbitrum and its distinct market movements.

1. Sui (SUI) 

Sui (SUI) has demonstrated notable strength, with its current price reaching $0.8765, indicating a resilient market performance. Over the past 24 hours, SUI has recorded a commendable uptrend, registering a 9.49% increase.

Moreover, the highest recorded SUI price in the previous cycle reached $0.940585, marking a cycle high. Market sentiment towards Sui is currently bullish, aligning with a Fear & Greed Index reading of 70 (Greed).

Technically, SUI is trading above its 200-day simple moving average, reflecting positive momentum. Furthermore, its performance relative to the token sale price has been favorable. Notably, in the last 30 days, Sui Crypto has experienced 19 green days, constituting 63% of the observed period. 

Thanks to the latest hype around inscriptions, Sui processed over 13.8M transaction blocks in a single day, with a peak TPS of ~6,000 and no downtime, slowdowns, or spikes in gas fees.

But what are inscriptions? We break down the concept:https://t.co/7o6hndkmo8

— Sui (@SuiNetwork) January 5, 2024

As indicated by its market capitalization, the project’s liquidity is notably robust. Sui’s circulating supply currently stands at 1.10 billion SUI out of a maximum supply of 10.00 billion. It ranks #36 in the Layer 1 sector based on market cap.

Investors must objectively approach this information, considering factors contributing to Sui’s current market positioning. As with any investment, thorough research and analysis are recommended to make informed decisions.

2. Internet Computer (ICP) 

The Internet Computer announced a newly launched subnet to create GDPR-compliant decentralized applications (dApps). This specialized infrastructure provides developers within the subnet access to tools designed to facilitate the release of dApps in the European market. It aims to ensure adherence to robust regulatory standards for protecting personal and financial data.

The ICP’s subnet is managed by one of the world’s largest DAOs and operates under the Network Nervous System (NNS) governance. Over the past year, the project has demonstrated substantial growth, with its price surging by an impressive 222%. This performance positions it favorably, outperforming 80% of the top 100 crypto assets during the same period. 

Notably, the project has maintained positive momentum compared to its token sale price. Furthermore, the token has experienced 19 positive trading days in the last 30, constituting 63% of the observed period. This metric and the project’s high liquidity underscores its robust standing in the market.

🆕Now get #ICP news and updates directly in your @Dmailofficial wallet

Subscribe here: https://t.co/iVUgOPSxVl https://t.co/8zQLujAWJh

— DFINITY (@dfinity) January 5, 2024

Additionally, the Internet Computer’s price prediction sentiment is neutral. However, the Fear & Greed Index is 70, indicating a sentiment of greed among investors. Within the Layer 1 sector, the ICP holds the 12th position, affirming its presence in the broader blockchain ecosystem.

3. Meme Kombat (MK)

Meme Kombat is gaining attention for its unique features, making it the best crypto to buy now. It has successfully raised $6,136,200.21 out of its targeted $6,500,000.00 during its current presale. This indicates an early interest among potential investors.

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The platform is primarily tailored for gaming enthusiasts, offering a combination of staking and betting functionalities. Moreover, it provides users with opportunities to accrue rewards. In the ongoing presale, 50% of MK tokens are available for $0.279 each, with a maximum cap of $10 million. 

The integration of staking and betting is a strategic move to enhance the utility of MK tokens for its user base. MK plans to list its tokens on a decentralized exchange as part of its utility-focused strategy, allocating 10% of the total tokens for liquidity. 

The Meme Kombat Discord is close to opening up, and this is what you can expect from it:

– Exclusive beta testers channel and forum
– Activities to win and give you bragging rights
– Trivia games
– And so much more!

Are you hyped? 👾 pic.twitter.com/SXFyHdBecO

— Meme Kombat (@Meme_Kombat) January 5, 2024

This step, outlined in their whitepaper, underscores the project’s commitment to facilitating decentralized and seamless trading of MK tokens. The emphasis on utility positions Meme Kombat as an intriguing option for potential investors and users alike. 

Visit Meme Kombat presale.

4. Oasis Network (ROSE) 

Over the past year, ROSE has witnessed a price increase of 230%, surpassing 83% of the top 100 crypto assets. Notably, it has outperformed both Bitcoin and Ethereum during this period. Market sentiment towards Oasis Network appears bullish, with a Fear & Greed Index of 70 (Greed). 

Additionally, ROSE’s circulating supply is 6.71 billion out of a maximum supply of 10 billion ROSE. Based on market cap, Oasis Network ranks 16th in the Proof-of-Stake Coins sector and 5th in the AI Crypto sector. Furthermore, ROSE trades above its 200-day simple moving average, indicating positive market momentum. 

The last 30 days have seen 17 green days, constituting 57% of the observed period. Oasis Network demonstrates high liquidity levels, as inferred from its market capitalization. The yearly supply inflation rate is 17.25%, creating 987.88 million ROSE tokens over the last year.

Rewards from Oasis will last until the end of 2024

This week concluded Predictoor Data Farming Round 70 👏

Learn more about Ocean Predictoor’s Data Farming (DF) Incentives program, how you can earn rewards, and more below:https://t.co/F5rqcspSFD

— Oasis Network (@OasisProtocol) January 4, 2024

In conclusion, the Oasis Network has exhibited notable performance metrics over the past year, ranking favorably within its sectors. However, potential investors should consider factors such as the inflation rate, market sentiment, and other relevant data before making informed decisions.

5. Algorand (ALGO)

At the Algorand Impact Summit in New Delhi, the Algorand Foundation announced a strategic investment by Algorand Ventures in HesabPay. This move was part of a more extensive discussion at the summit to explore the potential of blockchain in addressing global challenges.

HesabPay, positioned as Afghanistan’s first interoperable digital payments platform, leverages the speed and reliability of the Algorand blockchain. Initially designed to address the humanitarian aid crisis, the platform has been utilized by over a dozen organizations. These organizations have successfully employed HesabPay to send funds directly to beneficiaries in Afghanistan. 

Over time, HesabPay has expanded its functionality to allow users to purchase airtime, settle electric bills, and transfer digital funds. Furthermore, the price prediction of ALGO leans bearish. The Fear & Greed Index is 70, indicating a state of greed among investors. 

Moreover, Algorand’s circulating supply is 8.03 billion out of a maximum supply of 10 billion. The yearly supply inflation rate is 12.90%, creating 917.63 million ALGO over the past year. In addition, Algorand ranks 12th in the Proof-of-Stake Coins sector and 3rd in the Algorand Network sector. 

One of the fastest wallets in crypto is coming soon to a browser near you 👀 @deflyapp pic.twitter.com/IY6Y434c5G

— Algorand Foundation (@AlgoFoundation) January 4, 2024

The token also ranks 28th in the Layer 1 sector. The asset trades above its 200-day simple moving average, indicating a positive trend. Over the last 30 days, Algorand has experienced 16 green days, constituting 53% of the observed period. Additionally, its market cap reflects high liquidity.

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• Source: https://insidebitcoins.com/news/best-crypto-to-buy-now-january-6-sui-oasis-network-meme-kombat