Top Cryptocurrencies to Buy Now: XLM, BONK, ZRO, CHZ, and MEMEX

The cryptocurrency market has shown signs of recovery in the past 24 hours after recent downturns. The global market cap is at $3.37 trillion

The cryptocurrency market has shown signs of recovery in the past 24 hours after recent downturns. The global market cap is at $3.37 trillion, reflecting a 1.55% increase from the previous day. The trading volume in the last 24 hours has also risen to $124.53 billion, marking a 2.98% uptick.

Meanwhile, Bitcoin has rebounded after briefly falling to $92,000. It now trades above $96,000, showing a gain of over 1%. This upward trend has also affected other market segments, including meme coins like Shiba Inu and Bonk. These developments have drawn attention to the ongoing search for promising cryptocurrencies to invest in. Investors and analysts are closely watching these price movements, searching for top cryptocurrencies to buy now.

Top Cryptocurrencies to Invest in Now

XLM is currently priced at $0.3591, reflecting a 74.83% increase above its 200-day SMA of $0.206934. Meanwhile, Chiliz (CHZ) is exchanging hands at $0.08526, showing a slight intraday increase of 0.12%. Additionally, Meme Index has raised $586,829 in its ongoing presale phase.

1. Stellar (XLM)

Stellar (XLM) operates as a decentralized peer-to-peer network, facilitating the transfer of financial assets efficiently and at a low cost. By connecting individuals, banks, and payment systems, Stellar enables users to create, trade, and transfer cryptocurrencies seamlessly.

A key feature of the Stellar platform is its built-in decentralized exchange and marketplace. Users can manage buy and sell orders, track asset ownership, and specify preferred assets for settlements. The native token, XLM, is integral to the platform, helping to minimize transaction fees and enhance network efficiency.

Currently, XLM is trading at $0.3591, which is 74.83% above its 200-day simple moving average (SMA) of $0.206934. This indicates a strong upward trend in its long-term price movement. Additionally, Stellar exhibits high liquidity relative to its market capitalization, making it an appealing option for investors seeking a well-supported asset.

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What do you want to see built #BetterOnStellar? Let us know: https://t.co/PUGnYBJ1OJ pic.twitter.com/5petOCJnNy

— Stellar (@StellarOrg) December 24, 2024

Moreover, the 14-day Relative Strength Index (RSI) is at 38.79, suggesting that the cryptocurrency is currently in neutral territory and may experience sideways trading in the short term. Meanwhile, future projections indicate optimism, with Stellar’s price expected to increase by approximately 50.27%, reaching $0.581302 by January 2025.

2. Bonk (BONK)

Bonk is currently trading at $0.00003149, reflecting a 7-day price increase of 3.92%. Despite this recent uptick, market sentiment around Bonk remains bearish, as indicated by its price prediction outlook. However, the Fear & Greed Index shows a reading of 79, signaling extreme greed among market participants.

The cryptocurrency is trading significantly above its 200-day simple moving average (SMA) of $0.0000002013, with a remarkable 1,466.87% margin. Additionally, Bonk has recorded 15 green days over the past 30 days, accounting for a 50% success rate in daily gains. Liquidity appears strong based on its market capitalization, suggesting active trading activity.

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— BONK!!! (@bonk_inu) December 20, 2024

Furthermore, technical indicators provide a mixed yet generally positive outlook. The 14-day Relative Strength Index (RSI) stands at 65.85, implying a neutral trend with potential for sideways movement. Meanwhile, the MACD reflects positive momentum, hinting at the possibility of a bullish breakout. 

Bonk’s price is