Best Crypto to Buy Now December 5 – Dogecoin, Mantle, Theta Network

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Each day, we review some picks for the best cryptos to buy now, based on the latest market movements, blockchain news, and trending narratives.

The cryptocurrency market currently stands at a total capitalization of $1.56 trillion, showing a slight uptick of 0.03% in the last 24 hours. Notably, the 24-hour market volume witnessed a significant increase, reaching $301.29 billion, representing a rise of 37.10% over the same period.

Best Crypto to Buy Now

Bitcoin is valued at $41,772, showcasing a modest gain of 0.52% over the past 24 hours. The dominance of Bitcoin has experienced a slight uptrend, increasing by 0.26% and settling at 52.24%.

crypto heat map

Investors and observers must stay vigilant, closely monitoring these incremental changes to gain a comprehensive understanding of the dynamics within the cryptocurrency market. As with any financial market, a careful analysis and consideration of various factors are imperative for making well-informed decisions.

1. Mantle (MNT) 

Mantle has recently launched a liquid staking protocol on the Ethereum mainnet. This allows users to participate in network staking through validator contracts by depositing ETH. The development follows a proposal at the Mantle governance forum in July 2023. 

This protocol signifies an expansion of services after establishing Mantle’s Layer-2 network. It issues Mantle-staked Ether (mETH) as a token representing users’ staked assets. Furthermore, the mainnet contracts for Mantle’s liquid staking protocol (LSP) entered a limited alpha phase in early October, progressing to a broader stage to enhance accessibility and participation. 

MNT Price Chart

However, the prevalence of this practice has led to asset centralization, notably with major exchanges like Lido, Coinbase, and Binance. Over the last 30 days, Mantle has experienced 18 consecutive green days, indicating a positive trend of 60%. The project is trading close to its all-time high and exhibits high liquidity based on its market capitalization.

MNT peaked on July 20, 2023, at $0.600249, while its lowest price remains unrecorded. The lowest price post-all-time high was $0.307707, marking a cycle low, and the highest price since the last cycle low reached $0.599982, representing a cycle high. The current sentiment for Mantle’s price prediction is bullish, with the Fear & Greed Index indicating a value of 75, reflecting market greed.

There is a circulating supply of 3.13 billion MNT out of a maximum supply of 6.22 billion MNT. Mantle currently holds the 11th position in the Ethereum (ERC20) Tokens sector and ranks second in the Layer 2 sector based on market capitalization.

2. Theta Network (THETA) 

THETA’s current circulating supply is 870.50 million out of a maximum supply of 1.00 billion. On April 16, 2021, it peaked at $16.07, marking an all-time high. However, its lowest price was recorded on March 13, 2020, at $0.038956.

THETA Price Chart

Since the last cycle low, the token’s price dipped to $0.562223 (cycle low) and subsequently rose to $1.168820 (cycle high). Market sentiment appears bullish, marked by a Fear & Greed Index reading of 75(Greed).

Moreover, THETA holds the 19th position in the Ethereum (ERC20) Tokens sector and secures the second position in the NFT Tokens sector. Additionally, it leads the Metaverse sector and is ranked 32nd in the Layer 1 sector.

In the last year, there has been a 30% price increase, outperforming 53% of the top 100 crypto assets during this period. Also, the token has consistently traded above its 200-day simple moving average, indicating a positive trend. Performance relative to the token sale price has been positive, with 17 green days in the last 30 days, constituting 57% of the observed period.

3. Dogecoin (DOGE) 

Will Dogecoin remain its place as the best crypto to buy now? DOGE’s performance has been notable, reaching an all-time high of $0.738595 on May 8, 2021, and hitting its lowest point at $0.00008547 on May 7, 2015. Since its peak, the lowest price recorded was $0.049701 (cycle low), with the highest post-cycle low being $0.156883. Market sentiment is optimistic, as indicated by a bullish Dogecoin price prediction and a Fear & Greed Index reading of 75 (Greed).

Dogecoin maintains a circulating supply of 142.10 billion DOGE, and the yearly inflation rate is 7.11%. This has created 9.43 billion DOGE in the past year. However, Dogecoin ranks second in the Proof-of-Work Coins sector and leads the Meme Coins sector. It also holds the seventh position in the Layer 1 sector based on market capitalization.

DOGE Price Chart

From a technical standpoint, Dogecoin is currently trading above its 200-day simple moving average. In the last 30 days, the coin has displayed a positive trend with 19 green days, constituting 63% of the observed period. The asset also exhibits high liquidity based on its market capitalization.

4. TG.Casino (TGC)

TG.Casino is carving a niche as a decentralized and anonymous gambling platform. It is seamlessly integrated with the widely-used Telegram messaging app. Offering various features, including slot games, a sportsbook, and classic casino games, the platform stands out by not burdening users with fees. New users can also avail themselves of a welcoming bonus.

To facilitate smooth transactions and activities within the platform, TG.Casino has introduced $TGC tokens, which are currently in a presale phase. These tokens serve a dual purpose, providing staking rewards with an annual percentage yield (APY) exceeding 3,000%. Additionally, $TGC tokens play a pivotal role in a profit-sharing scheme through token buybacks, potentially delivering extra benefits to token holders.

The ongoing token presale has piqued considerable investor interest, approaching the $1 million soft cap. The latest update reports that over $3,376,705 worth of $TGC tokens out of the $5,000,000 allocation have been successfully sold. Each token is priced at $0.175.

In the grand scheme, 100 million TGC tokens are slated for circulation, with 40 million earmarked for the presale. Notably, the presale comes with a minimum purchase requirement of 100 tokens. The presale is slated to persist until it hits its $5 million hard cap, allowing potential investors to participate until this cap is reached.

5. KuCoin Token (KCS) 

KuCoin Token has displayed noteworthy trends over the past year, contributing to its performance. The token has seen a significant price surge, with a 30% increase in value over the last 12 months. It outpaced 53% of the top 100 crypto assets during the same period.

KCS Price Chart

KCS is trading above its 200-day simple moving average, indicating a positive trend. Its performance relative to the token sale price has been favorable, further reinforcing its market standing. The token has demonstrated resilience with 18 green days in the last 30 days, constituting a 60% positive trend. KuCoin Token is trading near its cycle high, showcasing its sustained market strength.

Regarding historical price points, KuCoin Token peaked on December 1, 2021, hitting an all-time high of $28.79. In contrast, the all-time low was recorded on December 4, 2017, at $0.316302. The token’s lowest price after its all-time high stands at $3.56, representing a cycle low, while the highest price since the last cycle low was $8.61, marking a cycle high.

The current sentiment surrounding KuCoin Token is bullish, aligning with a Fear & Greed Index reading of 75 (Greed). Regarding circulating supply, 80.12 million KCS tokens are circulating out of a maximum supply of 171.25 million KCS. In the Exchange Tokens sector, KuCoin Token holds the 8th position. Additionally, it is ranked 23rd in the Ethereum (ERC20) Tokens sector based on market cap.

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