Top Cryptocurrencies to buy on January 2: Wall Street Memes, Uniswap, and Apecoin

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20 Jan 2024

The market’s attention is currently mostly focused on whether exchange-traded spot bitcoin funds will be approved; this has been a major factor in the recent increase in the price of Bitcoin. This increase in value further encourages investors to look for additional coins to add to their portfolios as the cryptocurrency industry develops. And here are some of the coins that you should consider.
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1. ATOM Cosmos
The ATOM Accelerator DAO (AADAO) has been established with a significant donation of more than 975,000 ATOM, as approved by the Cosmos community. This represents a change in the Cosmos ecosystem’s continuous evolution. In addition, this project seeks to create a community-owned company dedicated to developing the Cosmos Hub and its token.
On the other hand, the price of ATOM has increased by 5.89% during the last day. According to the Fear & Greed Index, the current sentiment analysis for the Cosmos price prediction is bullish, with a score of 71 (Greed).
There are now 381.23 million ATOM in circulation in Cosmos, with an annual inflation rate of 33.13%. 94.86 million ATOM were produced as a result in the previous year.
Atom price chart
Cosmos is presently trading above the 200-day simple moving average and has shown a 16% price increase.
On January 7, 2022, the cryptocurrency reached its highest point of $44.47. On November 14, 2016, however, it was reported at its lowest value of $0.000104. The lowest price recorded after the peak was $5.60, signifying a cycle low. At $16.90, the highest price after the cycle low was reached, signifying a cycle high.
Interestingly, it has outperformed the token sale price, and based on market capitalization, it has a significant level of liquidity. Cosmos is currently ranked 15th in the Layer 1 category and 9th in the Proof-of-Stake Coins category.
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2. THETA, or Theta Network
Over the course of the previous year, Theta Network has seen substantial positive momentum. It continues to move over the 200-day simple moving average in an upward trend. This suggests that the market is generally feeling optimistic.
Theta Network’s current pricing indicates a good strategy for purchasers, and the charts show that growth is still occurring. THETA’s price has increased by 40% in the last month.
Out of a total amount of 1.00 billion THETA, 870.50 million are now in circulation as Theta Tokens. For investors looking to gain understanding of the token’s market dynamics, this supply data is essential. Theta Token’s price has increased by an impressive 88% in the last year.
Theta price chart
Furthermore, THETA’s present trading position, which is close to its cycle high, points to some degree of market stability. Furthermore, the token’s market capitalization shows that it has considerable liquidity. For investors trying to determine how appealing and simple it is to trade a token, this statistic is crucial.
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3. The cryptocurrency ApeCoin (APE)
ApeCoin, with a Fear & Greed Index rating of 71 (Greed), is navigating favourable market dynamics. Over the previous 30 days, there was a 50% upward tendency for the token as well. ApeCoin’s significant market capitalization is reflected in its high level of liquidity.
The price of ApeCoin increased by 6.75% on the previous day, which helped to maintain its upward trend overall. The coin’s annual supply inflation rate is 2.03%, with 368.59 million of its maximum 1.00 billion in circulation. Nevertheless, in the previous year, 7.34 million ApeCoins were created.
On April 28, 2022, the coin peaked at $26.80, and on October 10, 2023, it fell to its lowest point of $1.008460. The coin’s next peak, after this decline, was $1.884960.
Ape price chart
Moreover, ApeCoin has impressive market capitalization rankings, ranking #13 in the DeFi Coins industry and #27 in the Ethereum (ERC20) Tokens category. NFT Tokens rate it eighth as well.
4. Uniswap (UNI)
With a 4.39% intraday rise, Uniswap is now trading above its 200-day simple moving average. The decentralised exchange has purposefully broadened its user base and market penetration in addition to making financial gains.
Uniswap’s introduction on Rootstock and subsequent inclusion into the Bitcoin ecosystem are noteworthy developments. The goal of this diversification is to improve Uniswap’s standing in the cryptocurrency industry.
Fear & Greed Index reading 71 (Greed) indicates an optimistic view towards UNI’s price prediction. Furthermore, of the 1 billion UNI maximum supply, 598.19 million UNI are now in circulation. With a yearly supply inflation rate of -21.52%, there has been a drop in UNI of 164.02 million over the previous year.
uniswap
Moreover, Uniswap is ranked #2 in the Exchange Tokens category and #4 in the DeFi Coins sector. In the categories of Yield Farming and Ethereum (ERC20) Tokens, the token is ranked #1 and #7, respectively. In the past 30 days, UNI has seen 17 green days, indicating a 57% upward trend. Based on market capitalization, the project maintains significant liquidity, making it one of the greatest cryptocurrencies available right now.
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5. WSM, or Wall Street Memes
Recent improvements have established Wall Street Memes (WSM) as the greatest cryptocurrency to purchase right now. Since its founding in 2020, WSM has developed a sizable online fan base, especially on social media. The project’s goal is to create a community of enthusiasts for finance by giving them a place to express their opinions and make connections.
WSM takes a different tack by fusing entertainment with educational material about current financial happenings. Memes and comedy are therefore used to simplify complicated business news.
The introduction of prizes for token holders is one noteworthy feature of WSM’s current effort. This includes deflationary policies intended to steadily raise the weighted average share (WSM) in a holder’s portfolio. WSM also provides access to a network of investors that have similar views on prosperity and wealth accumulation.
It is expected that the project’s utility would increase with time, maybe following the trend of cryptocurrencies such as Shiba Inu. Nonetheless, WSM is positioned as a meme crypto with strong utility because of its deliberate emphasis on functionality. It is recommended that investors keep a careful eye on WSM’s operations and patterns in order to gain some insight into the company’s future course.
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