Best Crypto to Buy Now May 3 – Toncoin, Bittensor, Cronos

Insidebitcoins analyzes and selects every day top cryptocurrencies to invest in based on recent market movements and developments.

Today, the crypto market has gained 3.03% over the past 24 hours, highlighting potential opportunities in some altcoins. Several promising tokens currently offer investors an accessible entry point to the market. This analysis identifies the best altcoins for potential investment today, with the aim of guiding investors seeking significant returns.

Best Crypto to buy now

Pantera Capital’s significant investment in The Open Network blockchain led to a 9% increase in Toncoin’s value, pushing its price above $5. Similarly, over the past week, Cronos has seen a 2.52% increase intraday and a 0.33% increase, showing consistent positive performance. Furthermore, the eTukTuk project is attracting interest during its pre-sale phase, having raised more than $3 million from investors.

Bittensor has recently experienced significant price dynamics, rising 3.97% to $399.85 in the last 24 hours. Meantime, Stacksthe prominent layer-2 (L2) network for Bitcoin, has reached a significant milestone with its highest number of active users recorded to date.

1. Toncoin (TON)

Toncoin has received significant attention in the crypto market over the past six months. According to data from Santiment, there has been a notable increase of 110% in non-empty Toncoin wallets, indicating a growing interest and investment in the project. In addition, Pantera Capital recently announced a significant investment in The Open Network blockchain.

This announcement led to a 9% increase in the value of Toncoin, pushing its price above $5. As of the latest update, Toncoin is trading at $5.39, reflecting a significant increase of 12.53% in the last 24 hours. The token is currently trading 167.64% above its 200-day simple moving average (SMA) of $2.03, indicating a bullish long-term price trend.

Additionally, Toncoin’s partnership with Arkham also boosts its future prospects. The partnership aims to seamlessly integrate Arkham’s data into a Telegram Mini App accessible to 900 million Telegram users. Arkham will also incorporate support for TON on its platform as part of this collaboration.

@ArkhamIntel has joined forces with #TON!

Soon, 900M @telegram users will be able to access Arkham data seamlessly through a Telegram Mini app. Arkham will also include a TON of support on their platform!

Learn more https://t.co/j1WqvMEbN4

— TON (@ton_blockchain) May 2, 2024

Furthermore, experts are highly optimistic about TON, with projections that its value could possibly reach $12.77 by mid-June. This forecast is supported by potential developments, which could further enhance Toncoin’s market exposure and value.

Additionally, Toncoin has shown growth driven by strategic partnerships and investments. The project’s future success depends on continued market developments and regulatory approvals that could push its value to new heights.

2. Bittensor (TAO)

Bittensor has recently seen a noticeable shift in its price dynamics. Over the past 24 hours, its price has increased by 3.97% to $399.85. This upward move bucked the overall trend of the past week, during which Bittensor experienced a 10.14% decline, falling from $462.65 to its current level.

Over the past year, Bittensor has shown impressive growth, with its price increasing by 771%. This surge has put it ahead of 94% of other top 100 cryptocurrencies in terms of performance, surpassing Bitcoin and Ethereum. Furthermore, market sentiment is trending bullish for Bittensor’s price forecast.

However, the Fear & Greed index stands at 48, indicating a neutral attitude among investors. TAO is trading above its 200-day simple moving average and is near its cycle high, suggesting a strong position within its trading range.

Bittensor’s recent price movements highlight its potential for significant gains over the long term, backed by significant growth figures over the past year. However, as with any investment, it is important to consider market sentiment and broader economic factors when evaluating its future performance.

3. Cronos (CRO)

Over the past week, Cronos has experienced an intraday increase of 2.52% and a rise of 0.33%, showing consistently positive performance. The altcoin is currently trading at $0.1296 and has seen a boost in price following its association with famous music artist Eminem.

Eminem’s involvement marks a strategic move to increase Cronos’ visibility and engagement worldwide. The recent price increase coincides with the endorsement of Crypto.com by Eminem, where the rapper appeared in a promotional video for the platform. This collaboration aims to attract new users and improve Cronos’ credibility in the competitive crypto market.

Chronos Spring Odyssey Sli Gender Network

Minted is the gateway to the decentralized world of NFTs. Minted is on a mission to create a digital bazaar of wonders where everyone can discover, trade and uncover NFT gems on #Cronos. They … https://t.co/n39C5BFDAL

— Cronos (@cronos_chain) May 3, 2024

Additionally, CRO has seen significant growth over the past year, with an impressive 83% increase in its price. It has outperformed 54% of the top 100 cryptocurrencies in this period and is trading above its 200-day simple moving average, indicating bullish momentum. Moreover, the coin has seen 18 green trading days out of the last 30.

4. Polygon (MATIC)

Polygon is actively improving Ethereum’s capabilities by introducing additional sidechains to increase scalability and reduce transaction costs. Despite a recent drop in the price of MATIC, the token has maintained a steady weekly growth rate of 1.95%.

This consistent growth has contributed to its significant market valuation of $7 billion, placing it favorably among other cryptocurrencies. Furthermore, Polygon’s performance was significant compared to its token sale price, indicating positive movement. This is further supported by its high liquidity, evidenced by its substantial market capitalization.

Analysts are optimistic about Polygon’s future, predicting a bullish breakout with potential target prices at $1.2, $5.4 and even $55. Comparisons with Ethereum’s early trajectory suggest that Polygon could experience significant upside momentum when its current trendline is broken.

Currently, MATIC’s price is following a downward pattern. A break above the $0.75 resistance level could signal a reversal to a bullish trend, possibly reaching highs around $0.901. This move would represent a shift in sentiment and could attract further investor interest in Polygon’s ecosystem.

5. eTukTuk (TUK)

The eTukTuk project is gaining interest in its pre-sale phase, having raised more than $3 million from investors attracted to its eco-friendly and blockchain-focused approach to global transportation solutions. The project aims to replace conventional fossil fuel-powered tuk-tuks with environmentally friendly electric versions known as “eTukTuks”, which run on solar power.

Rev up your engines and hit the streets!

Our #eTukTuk game is here and offers an exciting adventure through bustling city landscapes.

Download now and test your driving skills!

App Store: https://t.co/FizzJt9VAI

Google Play Store: https://t.co/BKQoTm6UZg pic.twitter.com/4wAaUDU2Gy

— eTukTuk (@eTukTukio) May 2, 2024

In addition, TUK’s social media communities are growing rapidly, with thousands of members eagerly discussing its impending stock market listings. With the project well on its way to reaching its $10 million hard capitalization target, the focus shifts to obtaining listings on major exchanges.

Built on the Binance Smart Chain (BSC), eTukTuk benefits from lower transaction costs, which aligns with its sustainability goals. Exchange listings on prominent platforms can improve eTukTuk’s visibility and provide TUK holders with better liquidity and trading opportunities.

eTukTuk has established strategic partnerships with influential organizations to advance its mission. As it gains traction during its pre-sale phase and secures significant funding, eTukTuk offers a vision for sustainable transportation solutions, especially in developing regions.

Visit eTukTuk Presale

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