Best Crypto To Buy In January?
Conflux (CFX):
- CFX saw a surge of over 40% in the past week, driven by a strategic partnership with BlockBooster to expand its presence in Asia.
- Despite an 80% decline from its 2023 high, Conflux made progress with the planned release of an EVM-compatible (the brain of the Ethereum blockchain) layer-2 solution for Bitcoin in May 2024.
- CFX's current price is $0.2414.
- Technical analysis suggests bullish momentum, with key resistance levels at $0.2407 to $0.2484.
Sui (SUI):
- SUI's token achieved notable gains, with a 17.38% increase in a day and a weekly rise of around 46%.
- SUI's total value locked in DeFi has crossed $400 million, reaching over $414.3 million, pushing it into the top 15 blockchains by total valye lock (TVL).
- SUI's current price is $1.55, with key resistance levels at $1.4030 to $1.4713.
Monero (XMR):
- XMR has maintained support around $150 despite recent bearish momentum.
- XMR's price is showing potential bullish sentiment, trading above the 20-day, 50-day, and 100-day EMAs.
- The current price is $167.9, with immediate resistance at $169 to $170.
Meme Kombat (MK):
- Meme Kombat's presale is nearing completion, having raised $7.65 million out of a $10 million goal.
- Meme Kombat aims to launch a play-to-earn blockchain game allowing users to bet on battles between internet memes.
- The presale has attracted over 80% staking of the total $MK token supply, with Season 1 set to begin after the presale ends.
eTukTuk (TUK):
- eTukTuk focuses on promoting electric auto rickshaws (tuk-tuks) as an environmentally friendly transportation alternative.
- The presale for eTukTuk's TUK token has seen over $620,000 in investments.
- The project aims to combine blockchain technology for digital IDs and payments with manufacturing electric tuk-tuks and building charging stations.
Market Outlook:
- Despite the broader crypto market encountering bearish outlooks, these specific cryptocurrencies and presales present unique opportunities.
- Technical analyses suggest potential bullish momentum for CFX, SUI, and XMR.
- Meme Kombat's success in its presale indicates ongoing interest in meme coins and blockchain gaming.
- eTukTuk's focus on sustainable transportation and blockchain technology resonates with contributors, even in a bearish market.
Please note that investing in cryptocurrencies involves risks, and it's essential to conduct thorough research before making any investment decisions.
Visa Introduces Crypto Withdrawals and Payments on Debit Card
According to Cointelegraph report, Visa partner with Web3 infrastructure provider Transak, through Visa Direct solution to launch cryptocurrency.
The new integration allows users to directly extract cryptocurrency from their MetaMask wallets to Visa cards. The integration is immediately available, allowing users to transfer cryptocurrency to Visa's 1.3 billion business network.
This partnership allows users from 145 countries to directly convert at least 40 cryptocurrencies to currency, without relying on a central exchange.
Swell Launched Liquid Restaking Token
On January 29, Swell announced the launch of Liquidity Recollateral Token (LRT) rswETH. The token allows users to earn Ethereum staking rewards and native re-staking benefits from EigenLayer without locking up their liquidity, meaning users can also use their tokens for third-party DeFi protocols.
Token holders can earn EigenLayer re-staking points in addition to Pearls — Pearls representing future rights to Swell’s future SWELL tokens. There will be no fees for the first 30 days after rswETH launch, after which Swell will charge 10% of user staking rewards.
According to DeFi Llama, Swell currently has $455.6 million in total locked value (TVL), with its liquid staked tokens (LST) accounting for 97% of TVL.