Best Cryptos to Buy Now: Chiliz, The Graph & Avalanche

This Week’s Bullish Crypto Market Momentum

The cryptocurrency market is riding a strong bullish wave this week, partly fueled by the recent U.S. presidential election results. This event has attracted the attention of Polymarket bettors who are benefiting from market movements. Notably, Bitcoin achieved a significant milestone on Friday, surpassing $77,000. This surge followed the U.S. Federal Reserve’s decision to lower interest rates by 25 basis points, setting a new target range of 4.50% to 4.75%.

During the announcement, Fed Chair Jerome Powell emphasized that the rate cut was unrelated to the recent election outcome. However, the Federal Reserve’s decision has brought renewed optimism to the crypto market. Alongside Bitcoin, several leading cryptocurrencies experienced gains, contributing to a broader rally. Let’s explore the top cryptocurrencies to consider investing in during this bullish phase.

Top Cryptocurrencies to Invest in Right Now

1. Chiliz (CHZ)

Chiliz is a cryptocurrency tailored for the sports and entertainment sectors, powering the Socios platform that enables fan engagement with sports teams through limited voting rights. By purchasing fan tokens with CHZ, fans can participate in certain team decisions and move from passive spectators to active participants.

• Key Partnerships: FC Barcelona, Manchester City, Juventus, Paris Saint-Germain, UFC, and e-sports organizations.
• Current Price: $0.06289 (2.05% increase over the last 24 hours).
• Liquidity: 24-hour volume-to-market cap ratio of 0.1428, suggesting moderate liquidity.
• RSI: 44.01, indicating balanced buying and selling pressures.

2. Manta Network (MANTA)

Manta Network focuses on providing a modular framework for Web3 with enhanced privacy and scalability for dApps. Supporting Solidity-based applications, it enables developers to build with familiar tools while benefiting from Manta’s infrastructure, which offers faster transactions and lower gas fees compared to traditional Layer 1 and Layer 2 networks.

• Current Price: $0.7541, with a 5.87% gain in the past 24 hours.
• Positive Market Sentiment: Fear & Greed Index at 69 (Greed).
• Liquidity: 24-hour volume-to-market cap ratio of 0.2083, indicating high liquidity.
• Price Prediction: Estimated to reach $2.47, marking a potential 230.25% increase.

3. Avalanche (AVAX)

Avalanche (AVAX) continues to gain traction as it secures notable partnerships and shows strong market performance. Recently priced at $29.50, AVAX experienced a 6.97% increase in the last 24 hours, accompanied by a trading volume surge of $475 million.

• Price Performance: 19.77% gain over the past week and 12.91% over the past month.
• Market Sentiment: Fear & Greed Index at 69 (Greed).
• Technical Analysis: Trades 86.81% above its 200-day SMA of $15.75, indicating upward momentum.
• Institutional Adoption: Selected by J.P. Morgan’s Project EPIC, demonstrating interest from traditional finance.

4. The Graph (GRT)

The Graph (GRT) serves as a powerful decentralized indexing protocol for querying blockchain data. Currently priced at $0.1671, GRT has seen a 7.81% increase in the last 24 hours and an upward trend over the past month.

• Performance Metrics: 15.51% gain over the last week, 6.78% monthly increase, and 27% rise from one year ago.
• Technical Levels: Trading 42.82% above its 200-day SMA of $0.1175, indicating an uptrend.
• RSI: 42.34, suggesting stable trading conditions.
• Price Prediction: Expected to reach $0.5535 by December, a 230.72% potential increase.

5. Flockerz (FLOCK)

Flockerz has raised over $1.3 million in its ongoing presale, offering early supporters the chance to purchase tokens at $0.005981. With a phased pricing model, Flockerz encourages early investments, with token prices gradually increasing at each presale stage.

• Unique Feature: “Vote-to-Earn” (V2E) system, which incentivizes community engagement by rewarding token holders who participate in project-related decisions.
• Presale Success: Raised over $1.3 million, indicating strong initial support.
• Market Outlook: Positive growth projections as the meme coin sector experiences renewed interest.
• Price Prediction: Expected to reach approximately $0.02185 by next year, reflecting positive sentiment and potential growth.

With the market’s current momentum, these cryptocurrencies may present interesting investment opportunities for those looking to capitalize on the bullish trend. However, investors should exercise caution and stay informed about market changes, as cryptocurrency prices are often subject to high volatility.