Top 5 Cryptocurrencies to Invest in Now: SAND, EGLD, IOTA, BEST, SEI

As interest in digital assets grows, the stablecoin market has expanded significantly, reaching a valuation of $200 billion. These cryptocurrencies

As interest in digital assets continues to grow, we take a closer look at some high-performing cryptocurrencies that could be on your radar in the current bullish market.

With the increasing adoption of cryptocurrencies in various industries, such as gaming, entertainment, and finance, there are several promising cryptocurrencies that have emerged in 2024. These projects offer diverse use cases and strong potential for growth, making them ideal candidates for investors seeking to capitalize on the upcoming bull market.

1. The Sandbox (SAND)

The Sandbox is a decentralized virtual world that combines the aspects of gaming, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). It provides users with the ability to create, own, and monetize their gaming experiences within a metaverse setting.

The platform has gained significant traction due to its unique approach, attracting a wide range of users and investors. Its native token, SAND, is used extensively within The Sandbox ecosystem for diverse applications. Currently, SAND is priced at $0.6077, showcasing an 8.08% increase over the last 24 hours.

The token boasts a market capitalization of $1.47 billion, supported by a substantial 24-hour trading volume of $616.16 million, which equates to 41.57% of its market cap. This indicates strong liquidity and active market participation.

Technically, SAND is trading 48.18% above its 200-day simple moving average (SMA) of $0.417823. The 14-day Relative Strength Index (RSI) is at 43.37, indicating a neutral trend, which could suggest a potential period of consolidation or sideways movement. Furthermore, SAND has consistently performed, recording 16 green days out of the last 30.

2. MultiversX (EGLD)

MultiversX, formerly known as Elrond Network, is a high-throughput blockchain protocol that utilizes a sharding mechanism to enhance scalability and processing capabilities. EGLD serves as the native token of the MultiversX ecosystem, playing a crucial role in various aspects of the network's functioning.

At press time, EGLD is trading at $37.73, with a 0.43% price increase over the last 24 hours. The token has experienced a significant price surge of 22.65% over the past month, showcasing resilience amid the broader market volatility.

MultiversX (formerly eGold) is officially live on Binance Pay! ✨ Pay for goods and services with EGLD at over 70 merchants across 40 countries 🛒🌍

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— Multiversᕽ (@MultiversX) December 13, 2024

MultiversX is currently priced at $37.73, with a market capitalization of $1.04 billion and a fully diluted valuation (FDV) of $1.18 billion. The token saw a trading volume of $92.29 million in the last 24 hours, which constitutes 8.84% of its market cap, indicating healthy liquidity.

3. IOTA (IOTA)

IOTA is a blockchain platform that caters specifically to the Internet of Things (IoT) domain, aiming to facilitate secure and efficient data transfer and transactions among connected devices. The platform employs a unique technology called the Tangle, which differs from the conventional blockchain structure.

Co-founder Dominik Schiener has announced plans to launch IOTA's native stablecoin, vUSD, in January 2025. This development is expected to integrate IOTA fully into a payment network, marking a new phase in its ecosystem.

Recently, IOTA partnered with the prominent exchange BYDFi to enhance access to secure, cost-efficient blockchain solutions for users globally. Additionally, the team is preparing to launch the Rebased Protocol mainnet, which has garnered significant anticipation within the community.

Meanwhile, IOTA's price has declined by 7.92% in the past 24 hours but has surged 84.77% over the past month. Currently trading at $0.33, the token shows strength by staying 71.39% above its 200-day Simple Moving Average (SMA) of $0.1918. The 14-day Relative Strength Index (RSI) at 56.08 suggests that the asset is neutral and could experience a period of consolidation.

4. Best Wallet Token (BEST)

Best Wallet is a multi-chain cryptocurrency platform that combines an easy-to-use crypto wallet, asset management tools, and a token discovery service. It provides a gateway for users to diverse Web3 services and applications.

The platform offers a wide range of services, including asset management, trading, staking, and pres