4.3 C
Manchester
February 11, 2025
Image default
Blockchain

Best Crypto to Buy Right Now February 11 – Helium, Theta Network, Sui


Join Our Telegram channel to stay up to date on breaking news coverage

Cryptocurrency adoption is growing at a remarkable pace, surpassing major technological advancements. According to data from BlackRock, the number of crypto users has reached 300 million in just 12 years. This adoption rate is 43% faster than mobile phones and 20% faster than the internet. Several factors contribute to this rapid growth, including the rise of Bitcoin exchange-traded funds (ETFs) and the increasing participation of both retail and institutional investors.  

Moreover, the regulatory environment in the United States has also become more favorable, providing clarity and encouraging further investment. As the market expands, investors are looking for the best crypto to buy right now. This article focuses on projects with long-term growth potential and active development.

Best Crypto to Buy Right Now

Helium’s price has surged by 7.42% in the past 24 hours, reaching $3.75, reflecting growing market interest. Meanwhile, Sui has partnered with Dark Machine, a multiplayer mech shooter set to debut on PC. Aave has introduced the Boosted 3 Pool on Balancer v3, aiming to enhance liquidity and capital efficiency for users.

1. Helium (HNT)

Coinbase plans to introduce perpetual futures contracts for Helium (HNT) and other cryptocurrencies on February 13, 2025. This move could improve market liquidity and increase trading volume, giving traders options for leveraged exposure and risk management.  

Following the announcement, Helium’s trading activity surged. Its volume grew by 8.65% to $8.67 million, signaling increased market interest. The introduction of perpetual futures contracts for Helium may further stabilize its market by increasing trading volume and liquidity. 

HNT Price Chart

The price records a surge of 7.42% in the last 24 hours, reaching $3.75. Furthermore, HNT is currently trading 66.87% above its 200-day simple moving average (SMA) of $2.25, suggesting a strong upward trend.  

Despite these gains, Helium’s volatility remains relatively low. Over the past 30 days, its volatility stood at 17%, well below 30%, indicating price stability compared to more volatile assets. Meanwhile, projections estimate a 22.95% price increase, potentially reaching $4.25 next month.  

2. Sui (SUI)

Sui recently partnered with Dark Machine, a multiplayer mech shooter set to launch on PC. This partnership brings the game to SuiPlay0X1, Sui’s handheld gaming device. Dark Machine features team-based combat with giant mechs, appealing to gamers interested in action-packed battles.  

SUI Price ChartSUI Price Chart

At the same time, Sui’s price increased, reaching $3.37 on February 4, an 8.5% rise. This followed the announcement that Sui Bridge now supports Wrapped Bitcoin (wBTC), allowing users to transfer Bitcoin from Ethereum to the Sui network. The Sui team stated that wBTC is now a “fully composable asset,” meaning users can lend, borrow, and trade it on decentralized finance platforms like Bluefin, Navi, and Suilend.  

Market indicators suggest optimism about Sui’s long-term potential. The token is trading at $3.30, up 7.04%, and remains 14.09% above its 200-day simple moving average of $2.92. This moving average helps assess the asset’s long-term trend, with prices above it often signaling a positive outlook.  

Furthermore, the 14-day Relative Strength Index (RSI) stands at 52.69, suggesting neutral momentum, which means the price could move in either direction without strong buying or selling pressure. Sui’s 24-hour volume-to-market cap ratio is 0.4192, indicating relatively high liquidity. 

3. Solaxy (SOLX)

Solaxy is a Layer-2 scaling solution designed to improve Solana’s transaction speed and reduce congestion. While Solana is known for its low fees and high throughput, heavy network activity often leads to delays and failed transactions. Solaxy aims to address these issues by processing some transactions off-chain before finalizing them on the main network. 

SOLX TweetSOLX Tweet

This approach reduces the load on Solana’s blockchain, making transactions faster and more reliable. The platform features transaction bundling, which groups multiple transactions into a single batch. This minimizes fees and shortens processing times. By optimizing how transactions are handled, Solaxy seeks to improve efficiency without altering Solana’s core structure.  

Another focus is interoperability. Solaxy plans to connect Solana with Ethereum, enabling users to move assets between the two networks. This would allow developers and traders to benefit from Solana’s speed while accessing Ethereum’s liquidity and established ecosystem.  

The project is currently in its presale phase, raising $19.4 million so far. The price of SOLX is set at $0.00163, with future increases expected. While this presents an opportunity for early adopters, the long-term success of Solaxy depends on execution and adoption. 

Visit Solaxy Presale

4. Theta Network (THETA)

Theta Network is a blockchain platform for video, media, and entertainment. It aims to lower content delivery costs, making it an affordable option for developers and businesses. Built to support Ethereum smart contracts, it provides a flexible environment for development.  

Moreover, THETA is changing hands at $1.45, reflecting a 7.55% increase in the last 24 hours. Over the past week, it has gained 3.58%, and in the last year, it has risen by 39%. It has outperformed 59% of the top 100 cryptocurrencies within the same period. Theta Network has shown positive growth compared to its initial token sale price.  

THETA Price ChartTHETA Price Chart

The token’s 24-hour trading volume to market cap ratio is 0.0903, suggesting a relatively high level of liquidity. The 14-day Relative Strength Index (RSI) is 46.57, indicating neutral market conditions and possible sideways movement.  

Theta Token’s price does not show extreme volatility. Its 30-day volatility is currently 15%, staying below 30%. Price forecasts suggest a 25.10% increase, with the token potentially reaching $1.66 by March. However, market conditions and external factors could influence future performance. 

5. Aave (AAVE)

Aave’s GHO stablecoin is now available on Coinbase’s Base network. This expansion uses the Cross-Chain Token (CCT) standard, allowing seamless movement of assets across different networks. A portion of GHO’s supply has also been allocated to Arbitrum, supported by a grant from the Arbitrum DAO. 

This initiative aims to increase GHO’s liquidity within Aave’s ecosystem and the broader Arbitrum network. Meanwhile, Aave offers financial services to a large user base. Bringing GHO to Base introduces Aave’s stablecoin to an expanding DeFi ecosystem. 

AAVE Price ChartAAVE Price Chart

Additionally, Aave launched the Boosted 3 Pool on Balancer v3. This liquidity pool enhances stablecoin efficiency while directing all assets into Aave’s lending markets. It allows users to earn yield while providing liquidity in a single position.  

Aave’s token, AAVE, is currently priced at $259.02, with a 24-hour trading volume of $550.37 million and a market cap of $3.91 billion. The price increased by 3.7% in 24 hours and remains 21.8% above the 200-day moving average of $213.30. Liquidity remains strong, and the Relative Strength Index (RSI) sits at 52.73, indicating neutral market conditions.  

These developments aim to improve stablecoin accessibility and liquidity while maintaining security across multiple blockchain networks. Aave continues expanding its role in decentralized finance, placing it among the best crypto to buy right now.

Read More

Newest Meme Coin ICO – Wall Street Pepe

Wall Street PepeWall Street Pepe

  • Audited By Coinsult
  • Early Access Presale Round
  • Private Trading Alpha For $WEPE Army
  • Staking Pool – High Dynamic APY

Wall Street PepeWall Street Pepe


Join Our Telegram channel to stay up to date on breaking news coverage





Source link

Related posts

SEC’s Strategic Shift Towards Crypto Regulation in the Digital Age

Post-election trading surge bullish for Coinbase earnings: Kaiko

New Solana proposal aims to fix scalability issues with ‘lattice’ system

Leave a Comment