Best Crypto to Buy Now as UK Crypto Regulation Boosts Market

Best Crypto to Buy Now as WET, BEAT, RAVE, and MYX Show Strength

The crypto market is slowly coming back to life. In the last 24 hours, the total market increased by a total of 0.54%. While this sounds small, this is important because it shows this total market is up from being down over 4% in the last month. What is leading to a boost in market confidence is a clear UK crypto regulation because this shows crypto legislation is being considered a serious matter at this time. A further encouraging development is Bitget developing conventional trading systems such as forex and stocks into crypto using USDT.

In situations such as these, most people find themselves searching for ‘the best crypto to buy now.’ They look for coins with good market action, good news, and good use cases. Some of the most trending cryptocurrencies in the market today include those below, which have the potential to go to 100x if the current trends continue.

HumidiFi 

HumidiFi is actually one of the largest surprise winners in the market. WET Sky Rocketed over 40% in 24 hours alone and is currently trading at approximately $0.272. It is up over 140% in a month because of the two major exchanges it got listed on in South Korea, which are named Upbit and Bithumb. The two exchanges have millions of followers, and WET got immediate recognition because of this.

Looking at WET in terms of a price chart, it formed a triple bottom and thus, it can be considered a good indication for a trader or investor to get into this market. In terms of projects, HumidiFi claims to have over $1 billion in daily transaction volume in their DEX on the Solana network with rules in place to keep bots from purchasing tokens. However, based on current performance, WET remains a leading crypto gainers project.

Audiera

The BEAT token of Audiera went up by over 84% in a single day, but this price action is justified. The project operates an AI payment service, which started generating revenue immediately. 

Since December 1, this revenue has actually been used to burn BEAT tokens. Token burning leads to a reduced supply in circulation, which can be a supportive factor in pricing.

What sets BEAT apart from other hype coins is its community of users. The platform boasts over 500,000 active users each week. Additionally, updates have enhanced this ecosystem with rewards paid in BEAT and competitive LeaderBoards. Other collaborations such as joining Aidica and Cwallet have ensured better exposure. In search of the best crypto investment to make in light of usage, BEAT definitely leads the way.

RAVE 

The price of RAVE has not increased much in the past 24 hours, but if we see the bigger picture, it is quite impressive. RAVE is up by over 150% in a week and is maintaining its positions. The major factor behind this performance is the launch of RAVE perpetual futures on OKX, where leverage can be used.

RAVE is also recently listed on various exchanges, which is keeping it in focus. Apart from all this trade excitement, RAVE shows early demand with pre-launch revenue of approximately $3 million. The nature of this token prevents sudden sales, which is why it is maintaining a stable price despite such a massive jump in trading. RAVE is among the best crypto to buy now for those focused on momentum trades.

MYX Finance 

MYX Finance had a gain of nearly 13% in a single day when the entire market seemed weak. This behavior demonstrates investor acumen in selecting worthwhile projects rather than blindly making investments. MYX Finance successfully breached a major downtrend and went beyond the 50-day moving average with a level of $3.03.

Indicators are still in support of this transition. RSI is indicating more room for gains, and MACD is in positive territory. In derivative segments, a higher number of people are entering into long positions. If this continues, $3.51 will become the next level to watch. MYX is a perfect case in point in understanding how selective buying is dominating the market sentiment currently.

Final Thoughts

The current state of crypto is a ‘cautious hope.’ Regulations in the UK are clearing up fear, and companies such as Bitget are integrating crypto with traditional finance. Meanwhile, low funding rates indicate a sense of caution among traders. Hence, selecting an appropriate token is more important than before. 

Projects such as WET, BEAT, RAVE, and MYX are among the most trending cryptocurrencies in the market today because they have excellent news, market movement, and fundamentals. 

Although these projects do not promise a 100x return on investment, they include why investors think they are amongst the most suitable to invest in now. Remember, in this fast-paced market, prices should always be closely observed.