December 22, 2024
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Best Crypto to Buy Right Now December 17 – Cronos, Stellar, Brett

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The cryptocurrency market is witnessing a strong upward trend, fueled by recent bullish rallies. Bitcoin has reached a new milestone, hitting an all-time high of $107,000 and driving market optimism. As a result, the global crypto market cap has risen to $3.77 trillion, reflecting a 2.96% increase over the last 24 hours.

Altcoins are also benefiting from this market rally, with Stellar (XLM) emerging as one of the standout performers. It has gained 123.20% over the past month, showcasing strong upward momentum. With market sentiment currently bullish, this could be a promising time for investors looking to diversify their portfolios. This article will explore the best crypto to buy right now, highlighting top-performing cryptocurrencies that are showing strong growth potential.

Best Crypto to Buy Right Now

The Aave DAO has approved a co-incentive campaign to encourage PYUSD adoption on Aave and strengthen PYUSD/GHO liquidity. Meanwhile, Stellarhas gained attention after rising 11.19% in the past 24 hours, now trading at $0.4553. Additionally, Cronos has introduced a major upgrade to its blockchain, increasing its capacity to handle up to 60,000 transactions per second.

1. Cronos (CRO)

Cronos has launched a significant upgrade, enhancing its blockchain network to handle up to 60,000 transactions per second. This leap positions it as one of the fastest decentralized networks available. This enhancement aims to boost transaction speeds by up to 600 times, making Cronos EVM more capable of supporting complex applications like DeFi, web3 gaming, and AI-driven experiences.

CRO Price ChartCRO Price Chart

Following this upgrade, the token’s value has notably increased, currently trading at $0.1916, marking an 11.48% surge. The market sentiment around Cronos is bullish, with the Fear & Greed Index at 87, indicating extreme greed. The coin is trading well above its 200-day simple moving average by 106.07%, signaling strong market confidence.

Recent trading data shows that Cronos has experienced positive trading days, with 16 green days in the last 30, suggesting a consistent upward trend. Its liquidity remains high, supporting its market position. 

However, the 14-day Relative Strength Index (RSI) at 48.53 suggests a neutral stance, potentially indicating a sideways trading ahead. This could mean investors might see less volatility in the short term as the market digests recent gains and the implications of the technological upgrades.

2. Aave (AAVE)

The Aave DAO has approved a co-incentive campaign to boost PYUSD adoption on Aave and improve PYUSD/GHO liquidity. This will be achieved through a newly created Balancer pool on Ethereum. This initiative seeks to increase PYUSD deposits into the Aave Protocol, aiming to achieve 75 million units of total deposits. 

Aave ranks 28 in the cryptocurrency market and has seen notable momentum recently. At the time of writing, AAVE is trading at $371.18, reflecting a 29.71% gain over the past 7 days. The token’s market capitalization is $5.57 billion, with a 24-hour trading volume of $1.28 billion. 

AAVE Price ChartAAVE Price Chart

Moreover, Aave maintains a total value locked (TVL) of $22.29 billion, positioning its market cap-to-TVL ratio at 0.2501. From a technical perspective, AAVE is trading significantly above its 200-day simple moving average (SMA), currently at $160.37, with an increase of 131.61%. 

The 14-day Relative Strength Index (RSI) stands at 65.44, signaling a neutral outlook with possible sideways movement. Additionally, Aave has experienced 19 green days over the last 30 days, accounting for 63% of the period. It continues to exhibit high liquidity relative to its market cap.

Market sentiment remains optimistic, with Aave’s price prediction outlook appearing bullish. Meanwhile, the Fear & Greed Index indicates 87, reflecting extreme greed among market participants.

3. Stellar (XLM)

Stellar (XLM) has drawn fresh attention after rising 11.19% in the past 24 hours, currently trading at $0.4553. The surge comes on the heels of a significant technical breakout, signaling the potential for a continued upward trend.  

In a notable development, the Real-World Asset (RWA) Foundation announced on X that the Stellar Network has joined as a founding member of its DAO. The RWA Foundation aims to set standards and best practices to facilitate the adoption of asset tokenization. This initiative targets crypto participants engaging with tokenized real-world assets and issuers seeking blockchain-based solutions.  

XLM Price ChartXLM Price Chart

Stellar is key in advancing decentralized finance (DeFi) applications and promoting asset tokenization. Its mission focuses on expanding global access to financial markets, making opportunities more inclusive regardless of location.  

Recent third-quarter data for 2024 highlights Stellar’s progress, with tokenized real-world asset supply surpassing $590.4 million and transaction volumes exceeding $3 billion. Additionally, the network now hosts around 9 million addresses, reflecting increased investor activity and asset onboarding.  

From a technical perspective, Stellar trades 140.38% above its 200-day simple moving average (SMA) of $0.190239. It has recorded 16 green days over the past 30 days, showing positive momentum. The 14-day Relative Strength Index (RSI) stands at 45.96, suggesting neutral conditions and the potential for sideways trading.  

4. Pepe Unchained (PEPU)

Pepe Unchained has made significant waves this week, experiencing a notable 400% increase over the past few days. The project positions itself as a full-scale blockchain ecosystem, offering features like a block explorer, a developer-friendly Gitbook, grant programs, and DeFi staking opportunities. 

Its presale efforts have proven successful, raising over $73 million ahead of launch—marking the largest fundraiser in 2024 so far. The token’s market debut has attracted considerable attention. After briefly approaching a $400 million market cap, PEPU has shown resilience and continued upward momentum. 

For a meme coin at this early stage, its progress is noteworthy. One contributing factor is its $4 million liquidity pool, which has been locked for 11 months. This decision suggests a commitment to long-term stability and enhances investor confidence.  

Launched just three days ago, PEPU has quickly climbed the ranks. It was listed as one of the top-trending tokens on CoinMarketCap, even surpassing Bitcoin at one point. Additionally, on Dexscreener, PEPU currently holds the third position among Ethereum-based tokens, reflecting strong interest and trading activity.  

At the time of writing, PEPU continues to trade above its listing price of $0.014 and its final presale price of $0.012. The token has recently trended on the Bybit Web3 DEX Pro platform, with robust trading activity. 

Visit Pepe Unchained Website

5. Brett (BRETT)

Brett (BRETT) is currently trading at $0.1696, reflecting a 4.61% gain in the last 24 hours and 4.15% over the past week. The token’s market capitalization stands at $1.68 billion, with a 24-hour trading volume of $76.56 million, marking a substantial increase of 30.42%. 

Meanwhile, the fully diluted valuation (FDV) is approximately $1.69 billion, and the volume-to-market cap ratio over 24 hours is 4.56%, indicating steady liquidity. Despite these figures, market sentiment for BRETT remains bearish, aligning with cautious investor behavior. 

BRETT Price ChartBRETT Price Chart

Nevertheless, the Fear & Greed Index, a key measure of market sentiment, currently reads 87, signaling “Extreme Greed.” Brett has recorded 15 green days in the past 30 days, which highlights a mix of short-term volatility and buyer activity.

The 24-hour volume-to-market cap ratio at 0.0841 further indicates high liquidity based on the token’s market capitalization, which may bolster short-term trading opportunities. Analysts predict that Brett could trade between $0.16517 and $0.28203 by year-end. 

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