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Cryptocurrency News Articles

Best Crypto to Buy Now: SHIB, BNB, INJ, MEMEX, and WEMIX Stand Out Amid Market Fluctuations

Feb 07, 2025 at 09:15 pm

The crypto market has experienced sharp fluctuations, with a recent downturn caused by new tariffs on imports from China, Canada, and Mexico. However, the market showed resilience. This recovery has reignited interest in digital assets.

Best Crypto to Buy Now: SHIB, BNB, INJ, MEMEX, and WEMIX Stand Out Amid Market Fluctuations

The crypto market has seen sharp fluctuations recently, with a downturn caused by new tariffs on imports from China, Canada, and Mexico. However, the market showed resilience. This recovery has reignited interest in digital assets. Investors are looking for the best crypto to buy now, evaluating projects with strong fundamentals and growth potential.

Among them, BNB, Injective, and WEMIX stand out. Their adoption and development influence their value, making them options to consider amid market fluctuations. This article analyzes some of the best cryptocurrencies market participants can add to their portfolios.

Shiba Inu has collaborated with the UAE’s Ministry of Energy and Infrastructure to incorporate blockchain technology into government services. Meanwhile, Meme Index has secured over $3.4 million in its presale, highlighting the growing interest in a structured approach to meme coin investments. Injective has also launched InjScan, a blockchain explorer to enhance user experience through advanced tools, detailed analytics, and an improved interface.

1. Shiba Inu (SHIB)

Shiba Inu has partnered with the UAE’s Ministry of Energy and Infrastructure (MoEI) to integrate blockchain technology into government services. MoEI plans to use Shiba Inu’s ShibOS on its layer-2 blockchain, Shibarium, to improve operations, enhance security, and increase transparency.

This partnership highlights the expanding role of blockchain in public services. By leveraging decentralized applications, MoEI aims to streamline processes and reduce inefficiencies. Shiba Inu’s involvement in such an initiative may strengthen its position in the cryptocurrency market.

SHIB currently has a market capitalization of $9 billion and a trading price of $0.00001494. Its trading volume-to-market cap ratio stands at 0.0394, reflecting active liquidity. The token’s yearly inflation rate is -0.01%, meaning its supply is slightly decreasing over time.

The 14-day Relative Strength Index (RSI) is 47.90, suggesting a neutral market sentiment with potential sideways movement. Shiba Inu is a decentralized, community-driven cryptocurrency based on Ethereum. Over time, it has gained traction globally and is accepted as payment at various businesses, either directly or through third-party services.

Blockchain adoption in government systems remains a developing trend. With growing institutional interest in blockchain solutions, SHIB remains among the best crypto to buy now for those considering assets with real-world applications.

2. BNB (BNB)

Binance Coin (BNB) was launched through an Initial Coin Offering (ICO) as a utility token for discounted transaction fees on Binance. Since then, its role has expanded. Initially, BNB holders benefited from lower trading fees and governance participation, including voting on token listings. Over time, its use cases grew across decentralized finance (DeFi), artificial intelligence (AI), and real-world applications.

Now, BNB serves as the backbone of the BNB Chain, a blockchain ecosystem focused on scalability and accessibility. This shift has positioned BNB beyond a simple transaction token, integrating it into a broader network that supports various applications. The platform continues to evolve, prioritizing usability and innovation.

Currently, Binance Coin is trading at $584.86, with a 24-hour volume of $1.62 billion and a market cap of $86.31 billion. It holds a market dominance of 2.72% and has risen 1.24% in the last 24 hours. The token’s 14-day Relative Strength Index (RSI) sits at 28.38, indicating an oversold status, which may suggest a potential price increase.

BNB has demonstrated strong performance since its token sale, with a negative yearly inflation rate of -1.32%. Analysts predict its price could rise by 27.33%, reaching $735.54 by March.

3. Injective (INJ)

Injective has introduced InjScan, a new blockchain explorer designed to improve user experience with enhanced tools, analytics, and a redesigned interface. The platform now features a modern UI, intuitive navigation, and better data organization. This update aligns with Injective’s goal of making blockchain data more accessible.

In addition, Injective integrates native Ethereum Virtual Machine (EVM) support into its architecture, aiming to enhance network performance and interoperability. Injective’s Multi-VM initiative seeks to expand the range of applications operating on its blockchain. This could make it easier for developers to build and migrate projects to the Injective ecosystem.

The price of Injective currently stands at $13.57, reflecting a 3.77% decrease in the last 24 hours. Despite this short-term dip, the token has performed well compared to its initial sale price. The 24-hour volume-to-market cap ratio is 0.1785, suggesting reasonable liquidity.

The 14-day Relative Strength Index (

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Other articles published on Feb 08, 2025