The year is just beginning, but cryptocurrencies continue to move boundaries and reach new heights. This list contains a variety of coins that you can buy this month if you’re a crypto enthusiast.
1. Solana (SOL)
Solana is an open-source computing network developed by Anatoly Yakovenko in 2017. It was designed to speed up transactions and ensure decentralization. The Solana network boasts of validating over 50,000 transactions per second for less than a penny per transaction.
It runs on the proof of stake consensus algorithm. It’s similar to Ethereum’s blockchain and has been nicknamed the “Ethereum killer”. Solana supports smart contract support and can be used to invest apps, DeFi games, DEXss, social media, dApps etc. It has performed more transactions per second than the Ethereum blockchain at a lower transaction fee.
SOL, the native cryptocurrency of the blockchain. It can be used to pay transaction fees, stake, and is a governance token. 311.8 million SOL of the 508.2 million is currently in circulation. SOL is currently ranked 5th, and one SOL costs $150. 52 today. In November, it cost $259.96.
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2. Cardano (ADA)
Cardano is a third-generation protocol created by Jeremy Wood and Charles Hoskinson in 2017. It uses the Ouroboros-a proof-of stake algorithm as its consensus algorithm. Its mission is to be secure and scalable, flexible, eco-friendly, and adaptable. The blockchain permits the creation native tokens that are identical to its native cryptocurrency (ADA).
The blockchain is composed of two layers: the settlement layer which handles assets transfer and notes transactions and the computation layer which executes smart contracts for decentralised apps. ADA is the native currency that powers the platform. It can be used as a governance token and to settle transaction fees. It can also be staked to earn rewards. Its current price is $1. 25, having dropped by 59.4% from an ATH of $3. 09 in September. ADA is ranked 7th with a market cap of $402.b. It has a total supply of 45 billion, with 32.1 billion currently in circulation.
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3. Fantom (FTM )
The Fantom ecosystem is a blockchain for decentralised applications and digital assets launched in 2019. Michael Kong developed it. It’s modular, flexible, scalable, open-source, secure, and environmentally friendly. It supports smart contracts. Lachesis is an Asynchronous Byzantine Fail Tolerant (aBFT), Proof-of-Stake consensus algorithm.
Fantom Virtual Machine makes it possible to create dApps. FTM is the engine of the ecosystem. FTM is both an ERC-20 token and a BEP-2 token. It can be used to reward validators or as a governance token. FTM trades at $3. 00 right now. It reached its peak at $3. 46 in October. FTM has a total supply in excess of 3.2 billion and 2.5 billion are currently in circulation.
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4. Cosmos (ATOM)
Cosmos, a blockchain that connects to other blockchains, was created to be the internet of all blockchains. It supports Inter-Blockchain Communication protocol IBC and a software development kit which allows for the creation of dApps as well as interconnection between different blockchains (zones).
Cosmos is based on Tendermint Proof of-Stake Byzantine Fault Tolerance. It was launched in 2019 by the Interchain Foundation. ATOM is the native currency used to promote interoperability across the network. It can be staked and held. Today, its price is $39, with 226 billion atoms currently in circulation. It peaked at $44. 42 in September.
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5. Audius (AUDIO )
Audius, a music streaming service built on blockchain, is similar to SoundCloud and Spotify. It allows music sharing and streaming, as well as social media features. Node operators, artists and fans run the platform. Audius uses a proof of stake algorithm. It was founded in 2018 on the POA Network but is now on the Solana blockchain.
Although it is not the first streaming platform on the blockchain, it is backed by Jason Derulo, Katy Perry, Nas, The Chainsmokers, and Pusha T. Its native cryptocurrency is AUDIO, an ERC-20 token. 500 million AUDIO of the 1.1 billion is in circulation right now. Its current price is $1. 43 but reached an all-time high of $4. 95 in March 2021.
6. Chainlink (LINK )
Chainlink – A network of nodes that makes data and information available from outside-blockchain sources, which can be used to create smart contracts using an oracle. It provides relevant data to blockchains and dApps. It was launched in 2017 as the first protocol moving data and information from off-chain sources to existing smart contracts. Operation of the network is split into three parts: data reporting, oracle selection and result aggregation.
LINK refers to the native currency of the network. For their work on the network, node operators receive LINK. It can be traded and staked. LINK is trading at $24. 98 now. It cost $52. 70 in May 2021. There is currently 467 million LINK in circulation.
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7. Polygon (MATIC )
Polygon, originally developed in India as the Matic Network, was rebranded as Polygon in February 2021. It is a layer-2 scaling protocol that was developed for the Ethereum network. It was designed to improve the speed, security, interoperability and use of the Ethereum network. It works on a proof of stake algorithm. It supports the Ethereum Virtual machine contract.
Further developments are planned for the network, including Polygon Plasma and zk-Rollups. Optimistic Rollups will also be included. Validium Chain. MATIC is the native token that powers the Polygon network. MATIC can be used to pay transaction fees or stake. It can also be used as a governance token to vote on platform policies and upgrades. A MATIC token costs $2. 29 today.
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8. Terra (LUNA)
Terre is a blockchain that allows the creation of stablecoins tied to assets or physical currencies. These stablecoins are exchangeable on the exchange platforms or ecosystem. It was created in 2018 by Terraform Labs using Cosmos SDK. It works on Tendermint Delegated-Proof-of-Stake (DPoS) consensus algorithm. It’s a fintech solution to payments.
The ecosystem consists of CHAI to make frictionless payments and Terra Bridge that facilitates interoperability among blockchains. The Mirror Protocol is used to create synthetic assets (mAssets), and the Anchor Protocol provides access to fixed interest rates. TerraUST, TerraGBY and TerraEUR are just a few of the stablecoins created with Terra. LUNA, the native token of Terra, is used to maintain stability for these stablecoins. The total supply of LUNA amounts to less than a million. LUNA can be used to pay transaction fees, volatility absorber and staking tokens. LUNA costs $80. 94 as of today and is ranked 9th.
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9. Polkadot (DOT)
Polkadot is a blockchain of blockchains created in 2016 and launched in May 2020 by Robert Habermeier, Peter Czaban, and Gavin Wood. It is designed to solve the problem of blockchain decentralization, security, and scalability. There are two types of modules in the blockchain: parachain (the user’s blockchain that taps into resources from the main network) and relay chain (the main network processing transactions).
The blockchain will also have bridges that enable interoperability between major blockchains. It operates on a Nominated-Proof-of-Stake (NPoS) consensus mechanism. The native cryptocurrency of DOT can be traded, staked and used as a governance token. The price of DOT is $26. 28 right now, with a total supply of 1.2 billion. It reached an all-time high of $54. 98 in November 2021.
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10. Decentraland (MANA
Decentraland was the first 3D decentralised, 3D world that can be completely controlled by its users. Its development was started in 2017 by the Decentraland Foundation, established by Esteban Ordano and Ariel Meilich. It became public in January 2020. It is a metaverse that was created on Ethereum blockchain. It is composed of two native tokens: LAND (an NFT protocol to register acquired properties (land), and MANA (a cryptocurrency that can be used for trading assets and other services around the world).
The platform supports payments, P2P interactions, and interactive apps. MANA is essential for the operation of the metaverse. It’s used to settle transactions, vote on policy updates and LAND auctions and upgrade the platform using their MANA. It is currently trading at $2.97. The total supply is approximately 2.2 billion. There are currently 1.3 billion in circulation. It has a market capitalization of $3.9 trillion.
Want more information on how to invest safely in Mana? Check out our comprehensive Mana buying guide here or purchase from our recommended platform below!
Borroe Finance draws attention in presale as Ethereum and BNB investors seek new opportunities
Ethereum (ETH) and Binance Coin (BNB) are among the best altcoins in the crypto industry, and investors will always have them in their portfolios. Even though these tokens are currently bullish, they will probably not deliver a triple-digit ROI to investors in 2024. As a result, savvy investors turned to a fast-growing crypto token called Borroe…
Ethereum (ETH) and Binance Coin (BNB) are among the best altcoins in the crypto industry, and investors will always have them in their portfolios. Even though these tokens are currently bullish, they will probably not deliver a triple-digit ROI to investors in 2024.
As a result, savvy investors turned to a fast-growing crypto token called Borroe Finance ($ROE). Keep reading to see expert opinions and forecasts on these tokens.
Standard Chartered predicts a May Ethereum Spot ETFs approval
On January 30, analysts at Standard Chartered (one of the world’s leading financial institutions) predicted that the US SEC may approve Ethereum Spot ETFs by May 23. According to Geoff Kendrick (head of Digital Assets Research at SC), Ethereum will likely mirror BTC’s price movement in the weeks leading up to SEC’s approval for BTC Spot ETFs. Therefore, Kendrick predicts that ETH could trade for $4,000 before its approval.
Thanks to this positive Ethereum crypto news, ETH recorded a minor price surge in the last week of January. On January 24, ETH traded for $2,230. A week later, ETH gained 4.89% and sold for $2,336. According to crypto analysts, Ethereum may likely be one of the best crypto investments in 2024 due to landmark activities in the blockchain industry. BTC halving comes in April, and the resulting market volatility will likely push ETH to $3,200.
Binance Coin surges amid groundbreaking partnership
On January 27, Laika AI (one of the world’s best DeFi research platforms) announced a partnership with Binance Coin Greenfield. Binance Coin Greenfield is a sub-chain of the BNB chain built to provide a decentralized data storage system and thriving web3 data economy to the blockchain industry. In other news, Crypto Slam recently revealed that Binance Coin Chain NFT sales shot up by 688% in the last week of January.
Thanks to these favourable ecosystem developments, BNB went bullish in late January. On January 24, BNB traded for $292. Seven days later, BNB gained 4.84% and sold for $307. According to crypto experts, BNB is primed for a price surge in Q1 2024 because retail crypto traders will return to accumulate altcoins during BTC’s halving in April. Therefore, BNB will likely trade for $325 by March 2024.
Investors back $ROE, presale raises over $2.7M in four stages
Borroe Finance ($ROE) is the world’s first web3 blockchain invoice discounting NFT marketplace. As a decentralized fundraising marketplace, Borroe Finance allows web3 businesses to raise instant cash by minting future earnings into NFTs and selling them to supportive communities at discounted prices. To ensure the safety of the fundraising process, Borroe Finance incorporates AI-risk assessment and efficient payment solutions into its protocol.
$ROE’s fourth presale stage is ongoing, and the token is selling for $0.019. So far, $ROE has completed 85.7% of its current presale stage, and the platform has raised over $2.7 million. When all presale stages conclude, $ROE will surge to $0.040 and deliver a massive 110.5% ROI to early investors. Furthermore, experts believe $ROE will record quick market acceptance in 2024 and likely trade for $0.190 by the end of the year.
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Why experienced investors are turning to NuggetRush amidst the meme coin frenzy?
Shiba Inu burned billions of tokens in January. BONK could fall further amid growing competition from meme coin rivals. NuggetRush (NUGX) could become the most in-demand play-to-earn network after its 80% price increase. The price of SHIB is still struggling despite over 9 billion SHIB tokens being burned by Shiba Inu in January 2024. On…
- Shiba Inu burned billions of tokens in January.
- BONK could fall further amid growing competition from meme coin rivals.
- NuggetRush (NUGX) could become the most in-demand play-to-earn network after its 80% price increase.
The price of SHIB is still struggling despite over 9 billion SHIB tokens being burned by Shiba Inu in January 2024. On the other hand, competition from other meme coins could push BONK down in the market.
Now, investors see NuggetRush (NUGX) as a last hope to secure stable returns and gold rewards. The project has sold nearly 169 million tokens. Yet, can NUGX become a better investment than top altcoins like SHIB and BONK? Let’s hear from market experts.
NuggetRush: matching expectations with high-value gold rewards
Speculation in the NFT gaming industry is rising NuggetRush prepares to launch the first-ever blockchain mining game. While gamers are thrilled by the prospect of an immersive strategy-based game, investors and crypto enthusiasts are more excited about earning NFT rewards that can be traded for real gold.
NuggetRush players primarily aim to become the game’s best miners and sit atop its leaderboard. To achieve this, players will set off on their journey with only miners and equipment while upgrading them as they progress.
With better NFT characters and machinery, a player’s mining efficiency will increase, boosting their chances of completing quests and earning financial rewards.
As for wealth-building, NuggetRush (NUGX) offers staking and trading of NFT assets. Rare in-game rewards called RUSHGEMS can be swapped for real-world gold at the game’s P2P marketplace. On the other hand, NuggetRush (NUGX) players can earn up to 20% APY rewards by staking their NFT assets.
NuggetRush is now in the last phases of its presale, and investors have already swooped up over 168 million NUGX tokens. In that time, NUGX’s price has risen by 80%, moving from $0.010 in round one to $0.018 by round five of its presale.
Investors are already anticipating another 11.1% rise to $0.020 as NUGX is gearing up for its listing. Furthermore, it is showing strong signs of becoming one of the top DeFi projects.
Shiba Inu burns 9 billion tokens
Shiba Inu has kept its word of increasing the SHIB burn rate in 2024. Reports from ShibaScan show that Shiba Inu has burned over 9 billion tokens in January 2024. It comes amid the widespread bearishness that has suffocated the progress of many altcoins.
Shiba Inu (SHIB) has also succumbed to the bearish pressure. As of January 1, SHIB traded at $0.00001069. It fell by 10.9% to $0.000009516 on January 17. SHIB fell by 6.8% to $0.000008861 on January 25, before recovering by 3.8% to $0.0000092 by January 30.
Shiba Inu (SHIB) first unveiled its policy of increased token burns in late 2023, following the launch of Shibarium.
Furthermore, Shibarium’s network activity has risen since the end of 2023, increasing demand for Shiba Inu’s services. This could push Shiba Inu’s SHIB token up by 52.3% to $0.00001402. Analysts say Shiba Inu’s (SHIB) increased token burn rate could make it one of the top crypto coins.
BONK expects competition from meme coin rivals
BONK has enjoyed spectacular growth in the past few months. Yet, the network is gearing up for a possible downturn amid competition from community-driven meme coins. In late January 2024, meme coin investor sentiment rose for networks like Dogwifhat.
Despite the market-wide price drop-off, BONK remained very popular among many crypto users. It traded at $0.00001494 on January 1. BONK jumped by 19.5% to $0.00001202 on January 18 before falling by 6.3% to $0.00001126 on January 30.
BONK could rise further if the meme coin sector reaches its 2023 highs. The network has already upgraded its mobile wallet features to allow smooth and seamless trading of tokens. This could further boost BONK’s trading activity while pushing its price to $0.00001509.
For more information bout the NuggetRush presale, visit the NuggetRush Presale Website.
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Former Coinbase CTO Balaji Srinivasan: Bitcoin Is a ‘Political Revolution’
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