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Best Crypto to Buy Now May 31 – Ripple, AiDoge, Shiba Inu – Inside Bitcoins

May 31, 2023
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Following the publication of the previous best crypto to buy guide, the global market capitalisation has experienced a significant drop to $1.13 trillion. This metric reflects a notable decrease of 2.36% within 24 hours.

Market Cap Chart (15)

Market Cap Charts

Once again, XRP is the only gainer among the top ten cryptocurrencies. Bitcoin fell below $27,000, with the House’s vote on the United States debt ceiling knocking on the door. 

The world of cryptocurrencies has experienced a meteoric rise in recent years, captivating the attention of investors and enthusiasts worldwide. As the traditional financial landscape undergoes significant transformations, cryptocurrencies have emerged as a dynamic and innovative investment opportunity.

In this ever-evolving market, staying well-informed and identifying the most promising projects that offer robust potential returns is essential. Here is a carefully curated list of options worthy of consideration – the best crypto to buy now. These digital assets demonstrate the most promising outlook. 

The Best Cryptocurrencies to Invest in Today!

Investors prioritise market performance, technological advancements, and community support when evaluating the best crypto to buy now.

1. XRP (XRP)

XRP currently holds the position of the world’s sixth-largest digital currency. Ripple, the company responsible for the XRP, anticipates that its prolonged legal dispute is approaching its end.

In late 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. The agency claimed that the company unlawfully sold $1.3 billion worth of unregistered securities through its XRP. This legal battle has weighed down on the value of XRP. The price of Bitcoin, on the other hand, experienced a significant surge that some believe may soon resume.

Recently, Brad Garlinghouse, the CEO of Ripple, expressed his belief that the case would conclude within a matter of weeks, not months. As a result, the XRP price has witnessed a 10% increase over the past week. It is the best crypto to buy now, and XRP is available on eToro.

XRP (7)

The crypto community has rallied behind Ripple during its two-year legal battle with the SEC. This company asserts that U.S. regulators unjustly single out cryptocurrencies and crypto companies without providing clear guidelines. While the SEC reached settlements with Kraken and crypto lenders like BlockFi, Ripple pursued a legal course.

Garlinghouse declared that Ripple had actively engaged in this battle for the entire industry. He stated that considerable funds had been expended in Ripple’s defence. He added that the United States government, specifically the SEC, prioritises politics over intelligent policymaking.

2. AiDoge (AI)

AiDoge has recently concluded one of the most triumphant meme coin presales of 2023. The project generated a staggering $14.9 million within slightly over a month, surpassing its presale target. 

Currently, AiDoge is getting ready for its launch. The project team recently declared June 19 as its Initial Coin Offering (ICO) date. Investors are eagerly waiting to discover the primary cryptocurrency exchange where the project’s AI token will debut. Financial experts hold an extremely optimistic outlook for AI, suggesting that AiDoge could achieve a 100-fold increase in value after its launch.

The project’s allure stems from its distinctive fusion of memes and artificial intelligence. AiDoge is developing a generative AI algorithm capable of swiftly generating memes based on user descriptions. Users do not require graphic design expertise to create the next viral meme.

AiDoge empowers creators to mint their fresh memes as NFTs in simple steps effortlessly. Generating memes with the algorithm necessitates the possession of the project’s AI token. Users who stake AI receive daily credits for meme creation. 

This mechanism incentivises users to retain AI for an extended period, boosting the token’s worth. Investors can still acquire AI at the token’s designated price before its official launch.

Check out the AiDoge presale.

3. Shiba Inu (SHIB)

Although not a recent addition, Shiba Inu remains a leading meme coin in 2023. It embarked on its journey to overtake Dogecoin as the king of meme cryptocurrencies. Shiba Inu seized the opportunity of Dogecoin’s success and propelled itself forward. It promoted its ambition as the ultimate rival to Dogecoin, labelling itself the “Dogecoin killer.”

The bold endeavour proved successful, as it experienced an incredible 21,000% surge during the peak of the 2021 rally. However, Shiba Inu’s success is not solely dependent on hype. Its recent forays into the Metaverse through ‘Shiba Lands’ demonstrate its dedication to remaining relevant and fostering innovation.

According to reports, on May 29, the SHIB army removed 225,049,340 SHIB from the market’s circulating supply. This amount of SHIB is worth approximately $2,000. Shiba Inu’s burn rate has surged by 1,447% thanks to these successful efforts. Over the weekend, SHIB network activity grew significantly as thousands of new Shiba Inu wallets emerged daily. Right now, SHIB is changing hands at $0.000008471. Check out SHIB on eToro.

4. Dogecoin (DOGE)

Jackson Palmer, the founder of Dogecoin (DOGE), revealed the project on Twitter in November 2013 as a humorous endeavour. The project revolved around the well-known “doge” meme that showcases a Shiba Inu. Upon receiving encouragement from friends and colleagues in the industry, Palmer embraced the project. He took the initiative to acquire the domain dogecoin.com, initiating the development process. Shortly after, Billy Markus joined him, becoming an integral part of the team.

The founders believed that Dogecoin could serve as a more cheerful and user-friendly gateway to cryptocurrency. They observed that Bitcoin (BTC) had started facing stigma due to the Silk Road incident. Besides, mining had become impractical with ordinary laptops. In June 2014, Palmer departed from the project.

Dogecoin derives its foundation from Luckycoin (LKY), a Litecoin (LTC) branch. It embraces an inflationary monetary policy without any maximum limit. The reward for each block is established at 10,000 DOGE per minute. Dogecoin is a meme cryptocurrency renowned for its volatile price swings. This year, it has displayed an uncharacteristically tranquil demeanour. DOGE has been lagging behind prominent market frontrunners Bitcoin (BTC) and Ether (ETH) by a substantial margin.

Dogecoin (2)

In the early days of cryptocurrency, Dogecoin gained an edge by launching during the primitive era of this digital realm. Its popularity soared when billionaire Elon Musk injected it with a surge of attention. Its transaction volume has recently surged remarkably, as evidenced by on-chain data. On May 25, the number of DOGE transactions reached 1.152 million, slightly increasing to 1.162 million on Friday. Eventually, the metric surpassed the two-million milestone on May 27. The best crypto to buy now is available on eToro.

This historic achievement marked an all-time high for Dogecoin’s transaction volume. It marked the first time the meme coin surpassed Bitcoin’s peak transaction volume in 14 years. The main driving force behind this growth can be attributed to the excessive creation of DRC20 tokens on the chain. The frenzy of activity stemmed from Dogecoin’s low transaction fees, resulting in an influx of transactions.

5. The Graph (GRT)

Thousands of developers have deployed over 31,000 subgraphs for popular decentralised applications. Such dApps include Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland, and others. The usage of The Graph has been experiencing impressive growth, with a monthly increase of over 50%. In May 2021 alone, the platform handled more than 20 billion queries.

The Graph boasts a vibrant global community comprising over 200 Indexer Nodes on the testnet. The Curator Program features a community of more than 2,000 Curators. To support the network’s development, The Graph secured funding from strategic venture capital firms and influential individuals within the community. Notable contributors include Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, and Tally Capital.

The Graph (1)

In addition to community funding, The Graph Foundation concluded a public GRT Sale that attracted participants from 99 countries. This sale played a crucial role in financing the development and expansion of The Graph ecosystem. The Graph is listed on eToro.

The Graph aims to make decentralised public infrastructure accessible to the mainstream market. To ensure the economic security of The Graph Network and maintain the integrity of queried data, participants utilise the GRT. The Graph Token serves as a work token. It requires Indexers, Curators, and Delegators to lock it up while providing indexing and curating services to the network.

GRT is an ERC-20 token operating on the Ethereum blockchain, playing a crucial role in allocating network resources. Participants can earn income proportionate to the work they contribute and their stake in GRT. Indexers receive rewards for indexing (through new issuance) and query fees. Curators earn a share of query fees for the subgraphs they signal support for. Delegators, conversely, earn a portion of the income generated by the Indexer they delegate their stake to.

6. Stellar (XLM)

The cryptocurrency, Stellar (XLM), currently holds a market capitalisation of approximately $2.43 billion. The available supply of XLM amounts to around 26.8 billion tokens, which is just over half of its maximum supply of 50 billion tokens. Regarding trading activity, the 24-hour trading volume for XLM stands at about $70 million. You can check out Stellar on eToro.

Stellar is an open-source blockchain platform designed to facilitate fast, low-cost cross-border transactions and enable the issuance of digital assets. With a strong focus on financial inclusion, Stellar has attracted several users, including individuals, businesses, and financial institutions. 

Its user-friendly interface and efficient transaction processing have contributed to its expanding popularity. Stellar’s network has seen a substantial increase in active accounts, demonstrating a growing adoption rate and community engagement.

Stellar has implemented various upgrades and innovations to enhance its functionality. One significant advancement is the integration of the Stellar Decentralized Exchange (DEX). It enables users to trade digital assets directly on the Stellar network. This decentralised exchange offers increased liquidity and improved user market efficiency, providing a seamless trading experience.

Moreover, Stellar has successfully launched several partnerships and collaborations with prominent organisations. One notable collaboration is with IBM. Stellar’s blockchain technology is used in the IBM Blockchain World Wire solution, facilitating cross-border payments. This partnership garnered attention from the industry, as it offers a more cost-effective and efficient alternative to traditional payment systems.

Stellar

Furthermore, Stellar has gained recognition for its commitment to sustainable development and environmental responsibility. Responding to concerns about the carbon footprint of cryptocurrencies, Stellar has tried to reduce its energy consumption and carbon emissions. It transitioned to more eco-friendly consensus mechanisms, such as the Stellar Consensus Protocol (SCP). Stellar aims to minimise its environmental impact while maintaining a secure and scalable network.

XLM is an integrated coin that is crucial in reducing transaction fees on the Stellar network. Security is upheld at a high level, ensuring the network’s integrity. Active participation on the network necessitates XLM token ownership, contributing to the efficient execution of transactions worldwide, and minimising time costs.

Lumens also provide a shield against flood attacks by rendering microtransactions unprofitable for hackers. Therefore, they safeguard the Stellar Network from serious threats. This mechanism is a deterrent, making it economically unviable for malicious actors to disrupt the network’s operations.

The Stellar Development Foundation (SDF) has scheduled its annual conference. Known as Meridian, the meeting will occur in Madrid, Spain, from September 26 to 28. This year’s forum revolves around the theme of Unlocking Human Potential. It aims to convene various stakeholders from the Decentralized Finance (DeFi) ecosystem and the traditional finance sector. The primary objective is to foster discussions on innovative approaches to elevate the industry to new heights.

7. Wall Street Memes (WSM)

Wall Street Memes, a recently launched meme coin, has stormed the crypto market, raising over $1.8 million in just days of its presale. The Reddit r/WallStreetBets community has a collective following of 400,000 social media users. It has played a significant role in fueling the remarkable success of Wall Street Memes. For years, this community has mocked the avarice and irresponsibility of Wall Street.

The professionals behind Wall Street Memes have earned the trust of traders. They previously launched the Wall St Bulls NFT collection in 2021, which sold out within a brief 30-minute span. 

The Wall Street Memes project operates solely based on community initiatives. The project development team does not receive any allocated WSM tokens. The presale welcomes participation from all individuals, with half of the 2 billion WSM token supply up for sale.

Investors can purchase WSM at a discounted price of $0.0259. The project intends to list the token at $0.0337, offering investors the potential for a profit exceeding 30%. Additionally, presale investors can participate in a WSM airdrop giveaway. Five fortunate investors will be selected to receive $10,000 worth of WSM before the project’s ICO. It is the best crypto to buy now.

Visit the Wall Street Memes presale.

8. Fetch.ai (FET) 

Fetch.ai is an artificial intelligence lab based in Cambridge. It is a startup specialising in assisting companies with creating and implementing independent, smart agents. Last month, Fetch.ai unveiled its latest project involving creating cutting-edge trading tools for decentralised cryptocurrency exchanges.

This innovative platform harnesses the power of AI agents developed by Fetch.ai, to execute trades on behalf of users. By doing so, it guarantees optimal trade outcomes and minimises the necessity for manual intervention. These autonomous agents can be programmed with specific user preferences and adapt their strategies based on market conditions. Moreover, they enable users to engage in peer-to-peer interactions across various markets.

Also in April, Fetch.ai revealed a strategic collaboration with BitGet, a platform for crypto derivatives and copy trading. Within the framework of this partnership, BitGet committed $10 million to support the growth of the Fetch.ai ecosystem. Additionally, BitGet will offer consultations regarding marketing strategies to help establish a strong market position for the ecosystem. Fetch.ai is available on eToro.

Fetch.ai

Before the meme coin season narrative emerged, RNDR, AGIX, and FET stood out as the top three tokens in the AI category. These cryptocurrencies have attained market capitalisations ranging from $3 million to $6 million, generating substantial profits for their holders.

Between April 18 and 28, there was a notable surge in the prices of RNDR, AGIX, and FET. A corrective phase subsequently followed it. With AI’s increasing popularity, these assets will likely continue to deliver gains for their holders. As of the current moment, FET, the best crypto to buy now, is being traded at $0.26.

9. Ocean Protocol (OCEAN)

Ocean Protocol is a blockchain-based ecosystem that empowers individuals and businesses to unlock the value hidden within their data effortlessly. It also aids in generating revenue by utilising data tokens based on the ERC-20 standard.

With Ocean Protocol, data publishers can monetise their valuable information while ensuring privacy and retaining control. Simultaneously, data consumers gain access to previously inaccessible or hard-to-find datasets. These datasets are conveniently available for purchase on the Ocean Market, where users can utilise or trade them.

A data token, a wrapper for datasets or compute-to-data services uniquely represent each data service. This creative approach enables third-party entities to perform operations on the data securely within the publisher’s protected enclave. Thus, it eliminates the need to transfer it externally.

The utility token within Ocean Protocol is known as OCEAN. It serves multiple purposes, including community governance and staking for data. Furthermore, it is the primary unit of exchange on the Ocean Market for buying and selling data. The pricing of these data tokens is determined by an OCEAN-data token Automated Market Maker (AMM) pool. The price adjusts dynamically as it is bought or sold, influenced by the forces of supply and demand.

Ocean Protocol revolutionises data accessibility by enabling valuable datasets to become tokenised and accessible on the Ocean Market. Hence, it overcomes previous limitations and challenges associated with data access.

Ocean Protocol

This innovative approach unlocks new income opportunities for data publishers. It also empowers scientists, researchers, data analysts, and individuals from various fields to access more reliable and diverse datasets.

Ocean Protocol equips businesses with the necessary tools to construct and launch their data markets. They can achieve this by directly forking the Ocean Protocol or utilising the provided Ocean Protocol React hooks. Additionally, Ocean Protocol offers comprehensive documentation to support and streamline this process.

Those who hold OCEAN tokens have the unique ability to engage in the data token economy actively. By staking their tokens on datasets available on the Ocean Market, tokenholders become liquidity providers within the chosen OCEAN-data token pool. As a result, they earn a portion of the transaction fees generated by the pool, thus benefiting from their participation.

10. Akita Inu (AKITA)

The community experiment known as Akita Inu operates on a meme-based and 100% decentralised model. It asserts that half of the tokens have been sent to Vitalik Buterin. The remaining half has been locked in a Uniswap pool, with the keys being burned. Akita Inu shares similarities with Shiba Inu but exhibits distinct token metrics.

A critical factor that makes AKITA an attractive investment is its strong growth potential. As an emerging meme coin, AKITA has witnessed substantial growth in recent times. Its low trading volume compared to other meme coins can work in favour of traders. The lower volume increases the likelihood of increased volatility, making the price of AKITA more responsive to buying action. This increased volatility can generate opportunities for traders to capitalise on miniature pumps and reap significant profits.

Furthermore, AKITA boasts an incredibly committed community. This community of passionate long-term holders has been instrumental in driving the token’s recent momentum. Their unwavering support provides a solid foundation for bullish movement and contributes to the token’s overall strength. The dedication and enthusiasm of the AKITA community indicate a strong belief in the token’s potential for future growth.

Akita Inu

Another significant aspect that sets AKITA apart is its unique branding. The name, Akita Inu, carries cultural significance as it derives from the Akita dog breed native to Japan. This distinct branding resonates with a broader audience, particularly those interested in the canine world. The unique branding adds an extra layer of appeal to the token and contributes to its long-term sustainability and recognition.

Read More

Wall Street Memes – Next Big Crypto

Wall Street Memes
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  • Featured on BeInCrypto, Bitcoinist, Yahoo Finance
  • Rated Best Crypto to Buy Now In Meme Coin Sector
  • Team Behind OpenSea NFT Collection – Wall St Bulls
  • Tweets Replied to by Elon Musk

Wall Street Memes


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