
With the problems associated with fiat currency, buying cryptos has been a lifesaver for many investors. However, not all cryptos give good returns and have great potential. That's why it is important to do in-depth research before investing in a crypto project. After a study of the various crypto market trends and price charts, below are some of the best cryptos to buy now. These cryptos have a high chance of returning profits in the short and long term. Let's look at them.
Here are the top cryptos on the market that can give you quick and massive returns:
KangaMoon is a new crypto project that will integrate play-to-earn and social-fi models together. The aim of this project is to build a community for meme enthusiasts. As a P2E, there are numerous gaming activities users can partake in and win prizes. Even those who don't participate in games can speculate on gaming outcomes and win prizes.
The KangaMoon project is currently at stage 5 of the presale with the token sold for just $0.0196. An additional 10% bonus is given to buyers. With the token price increasing at every stage, it means that early investors have gotten 291% ROI. The KangaMoon project has raised more than $3.9M and that could reach $5M before the month's end.
As a community-driven meme ecosystem, users can earn the KANG token when they join to promote the project on social media. The referral program is also another avenue to earn more KANG tokens. With plans to list the token in a major Tier 1 exchange in Q2, some analysts have projected 100x returns in the coming months, making it a top crypto to buy now. At the current trajectory, KangaMoon might topple Solana-based meme coins like Bonk, Floki and Dogwifhat in the coming months. Overall, KangaMoon is on the path of opening the $176B games market and making it accessible for all users.
Avalanche (AVAX) is a layer 1 crypto and 2nd on our list of top cryptos to buy now. Avalanche offers a transparent, scalable, and decentralized infrastructure for all smart contracts. Avalanche provides subnets, which are part of the Avalanche C-chain. With the Avalanche bridge protocol, users can transfer tokens from the Ethereum network to the Avalanche C-Chain. This compatibility with Ethereum allows for seamless transactions among the two top blockchains.
Meanwhile, Avalanche operates via unique frameworks, which include X-Chain, P-Chain, and C-Chain. The C-Chain is used to host smart contracts and other decentralized apps. For the P-Chain, it tracks active subnets and allows the creation of new subnets.
So far, the Avalanche token has witnessed massive rallies in the past weeks. The token price has surged by 47% in the past month. Having established support at the $56 mark, there is a high possibility of a rally in the coming weeks which could lead to 5x returns.
Dogecoin is one of the top altcoins in the market. With a market cap of $25B, Dogecoin has established itself as one of the most popular and top meme coins in the crypto space. Although meme coins thrive on hype, Dogecoin has gained attention over the years. The token gained limelight after a series of tweets by Elon Musk in 2021, which led to a massive rally.
Although Dogecoin retraced after the 2021 rally, the token is now witnessing a rally. The Dogecoin price has surged in the past few months. For context, the token price has surged by 106% in the past month. In the weekly chart, Dogecoin gained 32%. With a daily trading volume of over $2.9B, it means that the token is witnessing massive trading activity. With the rumours of the upcoming Bitcoin halving, some analysts have tipped dogecoin to witness a massive rally. That could push the price to $0.5 and over 10x ROI. Thus, making it one of the top cryptos to invest in now.
XRP is another top crypto that will provide quick returns. The XRP cryptocurrency token is used to send funds globally at cheap rates. The primary use of the XRP is to serve as a bridge token to provide cost-effective and secure services. Ripple project operates on a consensus protocol rather than the proof-of-work model of Bitcoin.
Ripple helps verify all account balances and transactions via consensus logic. With the consensus model, double spending is prevented and system integrity is enhanced. The partnership between Ripple and other financial institutions like Mastercard is a good sign and has boosted its reputation.
However, Ripple's issue with SEC regulators should call for some caution. If they are able to settle with the SEC smoothly, Ripple prices will head to the moon this year. Meanwhile, the XRP price has surged by 16% in the past month. With the XRP trading volume witnessing over 40% average day-to-day trading activity, some analysts believe the XRP price will hit $1 soon.
The Cardano cryptocurrency is a proof-of-stake blockchain network, which is known as a third-generation network. The aim of the Cardano Token is to solve scalability issues that have affected earlier blockchains, such as Ethereum. Because of its POS feature, it has a less energy-intensive mechanism, which is great for cryptographic transactions.
The aim of the Cardano blockchain is to be the most environmentally sustainable platform. The proof-of-stake model it uses is known as Ouroboros, which helps manage its operations. With this model, the Cardano network ensures nobody spends money twice without a regulated financial authority like PayPal or Visa.
The Cardano token is currently witnessing an uptrend. The token price has increased by 8% in the past month and 6% in the past week. All the Cardano key market indicators, such as trading volume and market cap are experiencing an uptrend. Having established support at the $0.6 mark, the token will be eyeing to break through the $1 resistance zone in the coming weeks. A breakthrough could lead to a massive rally. At the current trajectory, some analysts believe Cardano's price will reach $5 in the year .
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.