Top Cryptos to Buy Now: Algorand, Fantom, Avalanche

AI-Focused Cryptocurrencies See Unprecedented Growth

The market capitalization of AI-focused cryptocurrencies has skyrocketed to $16.8 billion, marking a 22.3% increase within just 24 hours. Notably, nine AI tokens have surpassed the $1 billion mark in market capitalization, showcasing the growing prominence of this sector. Several top-performing tokens have experienced triple-digit growth, highlighting a significant surge in investor interest.

Trading activity has also increased sharply, with $2.3 billion in transactions recorded over the same period. This heightened activity reflects growing confidence in blockchain projects powered by artificial intelligence. As the market expands, investors are actively seeking the best cryptocurrencies to invest in, focusing on assets with strong growth potential.

Best Cryptocurrencies to Buy Right Now

Here are some of the top-performing cryptocurrencies that have caught the attention of investors:

1. Fantom (FTM)

Fantom recently experienced a price surge, trading at $0.8331, representing a 22.30% increase within 24 hours. Its market capitalization reached $2.33 billion, with a 24-hour trading volume of $596.55 million, a 115.73% rise.

• Price above 200-day SMA: $0.757978 (8.46% premium).
• RSI: 57.62 (neutral sentiment).
• Projected price by February 2025: $0.818247.
• Potential ROI: 219.25% based on Coincodex projections.

Fantom recently rebranded to Sonic, completing a 1:1 token swap through Binance to enhance user trust and streamline its ecosystem.

2. Best Wallet Token (BEST)

The Best Wallet Token has raised over $6 million in its ongoing presale, emphasizing strong investor interest. The token, designed for a cross-chain Web3 wallet, aims to facilitate seamless transactions across different blockchains.

• Current presale price: $0.02345.
• Tiered pricing model with periodic increases.
• Best Wallet app already functional for managing digital assets and accessing dApps.

The project’s “Upcoming Tokens” platform helps investors explore vetted cryptocurrency opportunities while mitigating risks.

3. Algorand (ALGO)

Algorand is collaborating with the UN Development to leverage blockchain technology for global impact. Currently, the token is trading at $0.3983, reflecting a 16.68% increase in the past 24 hours.

• Trading 74.61% above 200-day SMA: $0.228252.
• RSI: 45.01 (neutral sentiment).
• Market sentiment: Bullish (Fear & Greed Index: 70).

Algorand’s partnerships with global organizations underline its commitment to sustainable development and innovation.

4. Fetch.ai (FET)

Fetch.ai is trading at $1.40, showing a 12.38% increase within the last 24 hours. It has moderate liquidity, with a volume-to-market cap ratio of 0.0948.

• RSI: 53.08 (neutral sentiment).
• Fear & Greed Index: 70 (high confidence).
• 30-day price volatility: 18% (stable).

Fetch.ai’s projected price by February 2025 is $1.58, marking a potential 12.05% increase.

5. Avalanche (AVAX)

Avalanche is a high-performance blockchain platform designed for decentralized applications and custom networks. Its price is currently $39.99, reflecting an 11.75% increase within 24 hours.

• 18.34% above 200-day SMA: $33.81.
• RSI: 46.70 (neutral sentiment).
• Fear & Greed Index: 70 (investor confidence).

With its scalability and transaction speed, Avalanche positions itself as a strong competitor in the blockchain space, appealing to developers and users alike.

Conclusion

The surge in AI-focused cryptocurrencies highlights the sector’s potential for growth and innovation. From Fantom’s impressive price increase to Avalanche’s scalable platform, these tokens showcase diverse opportunities for investors seeking the best crypto assets in the market.