Best Crypto to Buy Now May 17 – Avalanche, Cardano, Sui
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In
the
last
24
hours,
the
total
cryptocurrency
market
cap
increased
by
0.30%,
reaching
an
impressive
$2.4
trillion.
Consequently,
the
prices
of
many
digital
assets
increased.
Notably,
numerous
altcoins
rallied
impressively
during
this
period.
This
article
highlights
altcoins,
which
are
currently
gaining
attention
and
are
poised
to
make
a
substantial
impact.
Best
Crypto
to
Buy
Now
Recently,
Avalanche
announced
the
tokenization
of
a
fine
wine
investment
fund.
Meanwhile,
Cardano
has
surprised
the
market
with
a
reversal
in
its
price
trajectory.
Showing
resilience,
it
bounced
back
from
a
low
of
$0.426
on
May
15,
hinting
at
the
potential
for
further
gains.
In
addition,
Sui
has
collaborated
with
Netki
Corp,
an
identity
verification
expert,
to
enhance
security
and
reduce
costs.
1.
Avalanche
(AVAX)
Avalanche
is
an
innovative
blockchain
platform
that
delivers
high-speed
transactions
with
low
costs
and
seamless
interoperability
between
blockchains.
The
platform
employs
the
Avalanche
Consensus
Protocol
(ACP),
enabling
it
to
handle
transactions
swiftly
by
forming
mini-networks
for
parallel
processing.
Furthermore,
the
platform
boasts
a
transaction
speed
of
around
4,500
transactions
per
second
(TPS),
placing
it
among
the
fastest
in
the
cryptocurrency
space.
Its
low
transaction
fees
make
it
attractive
for
users
to
make
small
payments.
Recently,
Avalanche
announced
the
tokenization
of
a
fine
wine
investment
fund.
The
Wine
Capital
Fund
has
been
tokenized
by
Oasis
Pro
and
listed
on
ATS
via
the
Avalanche
C-Chain,
which
is
used
for
deploying
smart
contracts.
In
addition
to
tokenization
efforts,
Avalanche
promotes
meme
coin
activity
through
the
Avalanche
Foundation’s
Memecoin
Rush.
This
$1
million
liquidity
mining
incentive
program
follows
the
success
of
the
Avalanche
Rush
program.
It
significantly
increased
the
number
of
decentralized
finance
(DeFi)
solutions
on
the
chain.
Moreover,
this
recent
development
has
caused
a
lot
of
excitement,
particularly
with
AVAX
experiencing
a
significant
surge.
The
token
price
currently
stands
at
$37.33,
reflecting
a
7.35%
increase
in
the
last
24
hours.
With
the
new
Wine
Capital
Fund,
investors
can
now
more
easily
participate
in
a
traditionally
exclusive
$400B
market,
tokenized
on
Avalanche
????Fine
wine
prices
have
risen
roughly
149%
over
the
last
decade,
offering
the
second-highest
return
of
any
alt
investment.Now…
pic.twitter.com/GmZqjcpwFy—
Avalanche
????
(@avax)
May
16,
2024
The
market
sentiment
is
neutral,
and
the
Fear
&
Greed
Index
indicates
74
(Greed).
In
addition,
the
token
trades
above
the
200-day
simple
moving
average
and
shows
positive
performance
relative
to
its
token
sale
price.
Avalanche
also
maintains
high
liquidity
based
on
its
market
cap.
AVAX
is
strongly
committed
to
enhancing
transaction
speeds
and
reducing
costs
while
supporting
diverse
blockchain
applications.
Its
ongoing
initiatives
in
tokenization
and
DeFi
reflect
its
dynamic
approach
to
growth
in
the
blockchain
ecosystem.
2.
Cardano
(ADA)
Cardano
has
recently
surprised
the
market
with
a
reversal
in
its
price
trajectory.
It
has
shown
resilience
from
a
low
point
of
$0.426
on
May
15,
hinting
at
the
potential
for
further
gains.
This
reversal
was
particularly
significant
amidst
the
volatility
prevalent
in
the
cryptocurrency
market.
Furthermore,
Cardano’s
recent
positive
momentum
can
be
attributed
to
the
release
of
Consumer
Price
Index
(CPI)
data,
which
contributed
to
a
half-billion-dollar
surge
in
its
market
capitalization.
Moreover,
Cardano’s
transaction
volume
has
remarkably
increased,
reaching
90
million.
This
surge
is
indicative
of
growing
activity
and
interest
in
the
platform.
Additionally,
the
impending
Ouroboros
Genesis
protocol
upgrade
is
anticipated
to
bolster
Cardano’s
security
and
scalability,
further
solidifying
its
position
as
a
leading
decentralized
platform.
The
ecosystem
is
thriving,
boasting
169
launched
projects
and
1,357
projects
in
active
development.
Such
a
robust
ecosystem
reveals
the
platform’s
appeal
to
developers
and
users.
As
of
the
latest
data,
the
token’s
price
is
$0.4815,
marking
a
5.54%
increase
in
the
past
24
hours.
Over
the
past
week
and
month,
the
token
has
experienced
surges
of
4.16%
and
5.60%,
respectively.
These
price
movements
reflect
investor
sentiment
and
market
dynamics.
3.
WienerAI
(WAI)
WienerAI
combines
advanced
artificial
intelligence
capabilities
with
a
clever
branding
strategy
through
meme
coins.
It
is
an
AI-driven
trading
bot
integrated
with
the
Ethereum
blockchain.
The
token’s
presale
has
raised
over
$2
million.
The
platform
boasts
a
user-friendly
interface,
allowing
investors
to
access
the
latest
crypto
investment
opportunities
and
strategies
easily.
The
WienerAI
bot
swiftly
scans
the
market
for
relevant
information
through
simple
inquiries,
facilitating
prompt
decision-making.
WienerAI
is
more
than
a
trading
botIt’s
your
AI
trading
companion!More
details
coming
SOON!
pic.twitter.com/HG5C0tE6Rk—
WienerAI
(@WienerDogAI)
May
14,
2024
Furthermore,
the
platform
executes
trades
at
optimal
prices
across
decentralized
exchanges
(DEXs)
while
safeguarding
against
front-running
bots.
Moreover,
the
absence
of
fees
enhances
its
appeal
to
investors.
For
investors
holding
WAI
tokens,
there’s
an
enticing
opportunity
for
passive
income.
By
locking
these
tokens
in
the
native
smart
contract,
investors
can
earn
staking
rewards
of
489%
starting
from
the
presale
stage.
This
feature
adds
another
layer
of
attractiveness
to
WienerAI
for
potential
investors
seeking
to
maximize
their
returns.
WAI
offers
a
promising
blend
of
AI
technology
and
blockchain,
providing
users
with
efficient
trading
solutions
and
lucrative
staking
opportunities.
However,
as
with
any
investment
in
the
volatile
crypto
market,
investors
should
conduct
thorough
research
before
investing.
4.
Polkadot
(DOT)
Polkadot
recently
significantly
upgraded
its
network,
heralding
a
shift
towards
enhanced
scalability.
This
upgrade
introduces
Asynchronous
Backing
to
Polkadot’s
parachain
consensus
protocol,
promising
substantial
improvements
in
transaction
processing.
With
a
reduced
block
time
of
just
6
seconds,
transactions
are
validated
faster,
enhancing
network
responsiveness.
One
of
the
most
notable
features
of
this
upgrade
is
the
introduction
of
the
ability
to
reuse
failed
parachain
blocks.
This
innovative
capability
enhances
the
network’s
efficiency
by
minimizing
resource
wastage.
In
a
strategic
move,
Polkadot
has
partnered
with
Founder
Institute
to
launch
the
first
Web
3.0
Cohort
within
the
Founder
Institute’s
Core
Program.
This
collaboration
aims
to
bolster
education
in
Web
3.0
technology
and
provide
startup
acceleration
programs
for
Web
3.0
founders.
The
inaugural
cohort,
scheduled
to
commence
on
May
28th,
2024,
will
focus
primarily
on
Polkadot
technology.
Moreover,
participants
will
benefit
from
direct
access
to
industry
experts,
facilitating
their
integration
into
the
Web3
industry.
????
Big
news
founders!@founding,
the
globally
renowned
pre-seed
startup
accelerator,
is
launching
its
first
Web3
cohort
as
part
of
the
Founder
Institute
Core
Program
in
collaboration
with
the
Polkadot
ecosystem.Learn
more
????https://t.co/1A5395tm20—
Polkadot
(@Polkadot)
May
15,
2024
DOT’s
price
performance
shows
positive
growth.
The
current
price
is
$7.23,
marking
a
4.64%
increase
in
the
last
24
hours.
Over
the
past
year,
the
price
has
surged
by
34%,
indicating
strong
performance
compared
to
the
token
sale
price.
Additionally,
Polkadot
boasts
high
liquidity,
evident
from
its
market
cap.
Furthermore,
Polkadot’s
recent
upgrades
and
strategic
partnerships
are
a
significant
step
forward
in
the
evolution
of
Web
3.0
technology.
These
developments
place
Polkadot
among
the
best
crypto
to
buy
now.
5.
Sui
(SUI)
Sui
recently
collaborated
with
Netki
Corp,
an
identity
verification
expert,
aiming
to
enhance
security
and
reduce
costs.
It
further
seeks
to
improve
the
accessibility
of
decentralized
financial
systems.
Netki’s
tools,
like
DeFi
Sentinel,
enable
developers
to
build
projects
without
navigating
complex
regulations
across
various
jurisdictions.
Furthermore,
the
integration
of
Sui
Network
with
platforms
like
FanTV
leverages
artificial
intelligence
to
foster
interaction
and
democratization
for
creators
and
users.
Currently,
SUI
is
priced
at
$1.05,
reflecting
an
intraday
increase
of
1.14%.
Over
the
past
week,
the
coin
experienced
a
decline
of
about
1.97%.
Nonetheless,
Sui
has
surged
by
93.95%
in
the
last
six
months.
The
current
price
prediction
sentiment
for
Sui
is
bullish,
and
the
Fear
&
Greed
Index
shows
a
value
of
74,
indicating
greed.
Got
3883https://t.co/hRFKx8ok2m—
ThaDream.btc
(@ThaDream_btc)
May
16,
2024
Moreover,
Sui
currently
trades
above
the
200-day
simple
moving
average,
demonstrating
positive
performance
compared
to
its
token
sale
price.
It
is
trading
near
its
cycle
high
and
exhibits
high
liquidity
based
on
its
market
cap.
Read
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