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Cryptocurrency News Articles
Top 5 Cryptocurrencies to Buy Now: PEPE, Pyth Network, Stacks, Theta Network, Flockerz
Jan 22, 2025 at 09:51 pm
Bitcoin recently peaked at $106,718, while Ethereum is trading around $3,335.50, reinforcing the sector's positive outlook.
Bitcoin recently hit a peak of $106,718, while Ethereum trades around $3,335.50, reflecting a positive outlook in the crypto sector. Notably, XRP achieved a major milestone with its market cap reaching $191.67 billion, securing its position among the top global assets.
XRP’s recent surge can be attributed to growing legal clarity surrounding Ripple and increased adoption across various sectors. Broader market trends have also contributed to XRP’s performance as cryptocurrencies see bullish momentum. This optimism has spurred renewed interest in digital assets, driving demand for leading cryptocurrencies. The surge in market activity suggests growing investor confidence and a search for top cryptocurrencies to buy now within the crypto market.
Top Cryptocurrencies to Buy Now
PEPE price is up 6% over the past 24 hours, currently trading at $0.00001561. Meanwhile, Pyth Network has launched Pyth Lazer, a new Oracle service aimed at applications that require rapid price updates. Flockerz, which promotes itself as the first “Vote-to-Earn” meme coin, successfully raised $12.6 million.
1. Pepe (PEPE)
Pepe is a deflationary cryptocurrency launched on the Ethereum network as a nod to the Pepe the Frog meme. It positions itself as a straightforward meme coin with no inherent utility, aiming to leverage the popularity of similar coins like Dogecoin and Shiba Inu. The project eliminates transaction taxes, appealing to market participants who prefer simplicity.
Currently priced at $0.00001561, PEPE has seen a 6% increase in the last 24 hours. It trades above its 200-day simple moving average (SMA) of $0.00001445, indicating a stable performance. Over the past month, the coin experienced 16 days of upward movement, accounting for 53% of the time.
Market data suggests that Pepe has high liquidity for its market cap, which can make buying and selling easier. The 14-day Relative Strength Index (RSI) is at 42.08, signifying that the coin is not strongly overbought or oversold, which may lead to a stable or sideways trading trend.
Meanwhile, volatility appears relatively low for Pepe. Over the past 30 days, volatility has stayed below 30%, with a current level of 7%. This indicates a degree of price stability compared to other high-risk assets. Pepe’s simple structure and current market performance may attract traders interested in meme-based tokens.
2. Pyth Network (PYTH)
Pyth Network has introduced Pyth Lazer, a new Oracle service designed for applications needing speedy price updates. It aims to support decentralized and centralized financial platforms, like derivatives exchanges, by delivering data updates in as little as one millisecond for up to 1,000 key digital and traditional assets.
This is significantly faster than most existing solutions, making it appealing to protocols requiring quick decision-making. Moreover, Pyth Network is a public, decentralized data system that provides real-time price information across various markets, including cryptocurrencies, foreign exchange, stocks, and commodities.
With nearly 600 active price feeds spread across 88+ blockchains, Pyth connects financial markets to blockchain technology. So far, it has facilitated over $1 trillion in trading volume, highlighting its widespread use. Pyth Lazer’s focus is on enhancing speed without sacrificing reliability, enabling decentralized finance (DeFi) projects to compete with traditional financial systems.
It’s Supercharged Sunday! ⚡️
This week, we’re spotlighting the launch of Pyth Lazer, the ultra-low-latency solution redefining speed and precision in DeFi.
Let’s dive into what makes Pyth Lazer a game-changer 🧵👇 pic.twitter.com/j7z2pHV478
— Pyth Network 🔮 (@PythNetwork) January 19, 2025
The network’s infrastructure aims to provide the data foundation for a more accessible global financial system. The project appears stable, with indicators like a neutral Relative Strength Index (RSI) of 51.94, suggesting no major upward or downward price trends.
Its volume-to-market-cap ratio of 0.0859 indicates moderate liquidity. A price increase of over 225% is predicted by February, though such forecasts carry uncertainty.
3. Stacks (STX)
Stacks is a Bitcoin layer that enables smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses solely on transactions, Stacks extends Bitcoin’s functionality by allowing developers to create smart contracts and dApps while using Bitcoin as the primary asset. Transactions on Stacks eventually settle on the Bitcoin blockchain, ensuring security and decentralization.
Currently priced at $1.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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