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The general definition for altcoins is every other crypto that is not Bitcoin. Some parties believe that Ethereum isn’t an altcoin because most cryptocurrency is derived from Bitcoin and Ethereum.
So, altcoins are all cryptos apart from Bitcoin and Ethereum. For new and old investors, the search for the best altcoins for the next bull run never stops.
With the volatile nature of the crypto market, deciding which altcoin to buy can be a challenge. After all, no one wants to buy a crypto that will become one of the dead coins forgotten by the world. Luckily, this article discusses the best altcoins you can buy now.
7 Best Altcoins to Buy Right Now
- Dawgz AI ($DAGZ)
- Shiba Inu (SHIB)
- Binance Coin (BNB)
- Ripple (XRP)
- Ton Coin (TON)
- Cardano (ADA)
- Avalanche (AVAX)
Some of these coins experienced upward surges, which makes it the best time to invest in them. Others have shown steady progress over the years, and the culmination of that steady progress is about to yield dividends. Below are the best altcoins to buy right now.
1. Dawgz AI ($DAGZ)
What happens when blockchain technology meets artificial intelligence? The result is Dawgz AI, an altcoin capable of transforming how we trade. This AI integration will enable investors to make accurate market predictions, ensuring they can execute trades that yield optimal results. How can you be sure of this AI’s trading ability?
When elite analysts and expert Wall Street professionals in algorithmic trading and financial markets are the brains behind the AI’s engineering, you can rest assured that the Blackbox AI trading algorithm knows what it is doing.
Given its profit potential, this dog-themed crypto meme project is still in its presale stage, making it one of the best altcoins to buy right now. You can get a $DAGZ token for $0.00211, but if you wait till it launches, it will be sold for $0.00702.
Even though it is still in its presale stage, Dawgz AI has raised over $500,000 within its fast-growing community. This is a testament to the developers’ focus on establishing community participation through meme contests, rewards, and events.
It has been proven that most meme coins are only as strong as their community, so this strategy will yield positive returns in the long run.
2. Shiba Inu (SHIB)
What started as a joke about Dogecoin has become an influential crypto that not even its creator, who uses the pseudonym Ryosh, could have imagined. Like so many other altcoins, the SHIB coin is powered by Ethereum, allowing it to create DeFi products using smart contracts.
But why should you bother buying this altcoin? The SHIB coin’s current market cap is ridiculous, and we mean that in a good way for a coin released in 2020. Its current market cap is $15,864,550,259, at rank 13.
As for its circulation, over 589 billion SHIB coins are available for trading. So, you don’t have to worry about not finding available trades. The lowest it has ever been was way back in November 2020 when it traded at $0.000000000056366.
Shiba Inu is one of the best altcoins to invest in because of its decentralized exchange and artist incubator, which just got adopted and saw a sharp price increase.
With this incubator, artists can auction non-transferable tokens via smart contracts. The result is an NFT market that doesn’t require a third party.
3. Binance Coin (BNB)
The Binance exchange is recognized globally as the best platform for cryptocurrency exchange. However, few know that Binance has its native cryptocurrency, the Binance Coin.
Authored by Changpeng Zhao on July 30, 2015, the Binance Coin has not gained widespread recognition even though its current market price is $711.09.
But the tide is turning, as BNB recorded its all-time high on December 4, 2024, at $793.35. What might have sparked this surge?
This increase is because it can be used for different payment functions. On the Binance exchange, you can use it to pay trading fees, which gives you a discounted trade.
You can even use BNB to pay for your travel bookings. With over $76 billion as its current market cap, the recent surge might indicate better profit opportunities for wise investors.
4. Ripple (XRP)
Formerly known as OpenCoin, Ripple now shares its name with its parent developer, Ripple Labs. Interestingly, Ripple has been around since 2012, when it was released by authors Ryan Fugger and Jed McCaleb. Given that XRP’s current price is $2.37, why do we consider it one of the best altcoins to buy now?
A few days ago, it was revealed that Ripple Whale acquired more than 100 million XRP. This strange move has sparked curiosity, especially considering XRP was low. This investor’s application of the buy-the-dip strategy at this crucial point has made others feel the potential of this altcoin.
This singular move caused the coin to surge to its current price of $2.37 from $1. Analysts suggest a bullish trend that goes back a couple of years, and this surge might be an indication of this coin’s potential to surge even further.
What’s fascinating about Ripple is that there are over 57 billion XRP tokens in circulation. With this number of tradeable tokens, it’s only natural that there will be high market activity within this period.
5. Ton Coin (TON)
Authors Anatoliy Makosov and Kirill Emelianenko released it in 2020, making it one of the best altcoins to buy. Its current price is $6.05, and its market cap is $15,446,401,230. Its all-time high was $8.24 on June 14, 2024.
Its rapid growth is due to its TON Blockchain, which has leveraged Telegram, creating a decentralized network for low-cost transactions. While it might have dipped from its all-time high, it continues to be a power player, evidenced by its 16th-place rank on the market.
Its ability to handle millions of transactions within a second has endeared it to many users across several applications. The fact that Ton Coin is also used in staking is one reason why its value is bound to increase as more people get involved in game staking through different platforms.
6. Cardano (ADA)
Cardano stands out for its excellent proof-of-stake consensus mechanism, which quickens the time it takes to process a transaction. This quick speed is further backed by low fees and tight security that many altcoins can’t match. Even though its current market price of $1.07 is lower than many on this list, it is ranked 9th on the market.
Within 24 hours, Cardano experienced a 15% price surge, pushing it up the rank. Experts have suggested that this is because new investors are coming in. Cardano’s ability to scale its operations to accommodate new investors has made this possible.
7. Avalanche (AVAX)
Avalanche’s market rank is 11th, with a current market cap of $19,934,964,088. It is one of the few altcoins considered a direct competitor to Ethereum. Its AVAX token is used in many ways, including transactions, management decisions, and system reward distribution.
However, that is not why this coin is one of the best altcoins to buy now. Its recent steady rise over the past few days is why you should not sleep on this coin. During this period, AVAX increased by 3.38%. So, you can take advantage of this surge to maximize profit.
Conclusion
Crypto trading is all about profit; not every altcoin is profitable enough to invest in. However, there are a few that wise investors shouldn’t miss out on because of their high profit potential. This article discussed the seven best altcoins investors should buy right now.
Out of all these coins, Dawgz AI is the best choice because it integrates artificial intelligence into the marketing trading system, ensuring investors maximize their profits and suffer fewer losses.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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