Best Crypto to Buy Right Now January 7 – BNB, Monero, Stellar

Hong Kong lawmaker Wu Ji has urged the government to consider adding Bitcoin to the city-state’s financial reserves. According to local reports, Wu highlighted Bitcoin’s potential as a strategic asset, citing its steady supply and growing acceptance in global finance. He said that as large economies begin to include Bitcoin in their reserves, its role as a hedge against inflation and a competitor to traditional assets such as gold could grow.

Bitcoin’s presence in mainstream financial systems has steadily expanded, with institutions and governments showing increasing interest in its potential. Wu stressed that this limited supply could make Bitcoin an attractive option for protecting wealth over time. This proposal also comes as interest in cryptocurrencies continues to rise, with many investors considering them as alternatives to traditional financial assets. As such, market participants do research Top cryptocurrencies to buy now.

Best cryptocurrencies to buy now

Significant investment often emerges through innovation and expansion. For example, Stellar’s partnership with Fonbnk turns prepaid SIM cards into virtual debit cards, promoting financial inclusion across Africa. Likewise, Hedera supports Hyundai and Kia in managing their carbon emissions using cutting-edge blockchain technology, ensuring secure and transparent data management. These developments highlight how both symbols are leading their industries. Read on to find out why they’re among our top cryptocurrency picks!

1. Hadera (HBAR)

Hedera plays a key role in Hyundai and Kia’s efforts to manage carbon emissions through innovative technology. The blockchain platform supports the Integrated Greenhouse Gas Information System (IGIS), a tool designed to track, measure and manage emissions across companies’ operations.

This system uses blockchain technology to handle data, providing transparency and accuracy securely. IGIS works alongside SCEMS, a system previously developed in collaboration with Hedera, highlighting Hedera’s role in developing environmental management solutions.

Hedera’s blockchain network supports these efforts by providing energy-efficient and scalable infrastructure. Blockchain technology, in this context, ensures that data on carbon emissions remains verifiable and tamper-proof. This use of technology is consistent with global goals to improve sustainability and environmental accountability.

Moreover, HBAR is gaining attention due to its strong performance in the market. It was trading at $0.3208 and was up 5.35% over the past day. It is showing significant growth, trading well above the 200-day moving average of $0.142793, reflecting broader confidence in the project’s potential.

💡 Learn how to deploy an ERC-20 token #Hedera Use @metamask, @ethereumremix Integrated development environment, and @openzeplineContract Processor 👇 pic.twitter.com/5CRW1iABCE

-Hedera (@Hedera) January 7, 2025

Sentiment around Hedera remains positive, with the Fear and Greed Index at “Extreme Greed” at 78, indicating strong interest from investors. Its liquidity, backed by a large market capitalization, strengthens its position in the blockchain space.

This development underscores the increasing integration of blockchain technology into real-world applications such as environmental management. Hedera continues to work with established companies to address global challenges, positioning itself as a key player in blending technology with sustainability goals.

2. Bitcoin (BNB)

Binance Coin (BNB) has shown strong bullish momentum recently, with its price rising 4.32% over the past week to trade above $730. This steady rise indicates a potential breakout, supported by promising technical indicators.

Short-term price targets for BNB are between $757 and $795, with a potential bullish breakout to $840 based on a Fibonacci forecast of 1,272. On the downside, the $705 support level, which is in line with the 100-day moving average, provides a strong safety net for investors.

Market sentiment around BNB is very positive, which is reflected in its Fear and Greed Index score of 78 (extreme greed). Over the past year, BNB has shown remarkable resilience, recording a 142% increase in value, outperforming Bitcoin, Ethereum, and 69% of the top 100 crypto assets. It is trading 19.22% above its 200-day simple moving average of $607.24, indicating continued market strength.

Rewards, stablecoin savings, opportunities to grow your project and events 👀

Here’s your guide to the initiatives on BNB Chain this week 🧵👇 pic.twitter.com/5uUFFN0Vvs

— BNB Chain (@BNBCHAIN) January 7, 2025

There are several factors that contribute to this positive outlook. BNB has a negative annual inflation rate of -2.71%, displaying a deflationary token pattern. The 30-day price volatility is just 2.63%, indicating price stability, while the 47% green days during this period highlight continued growth. Additionally, the token remains near its intra-session highs, supported by strong trading activity on Binance.

Technical forecasts predict a price increase of 15.23%, with BNB potentially reaching $842.11 by early February 2025. This forecast, combined with BNB’s strong fundamentals and market performance, makes it a promising asset to watch for both short- and long-term investors.

3. Monero (XMR)

Monero (XMR) has shown interesting price action recently, rising to $206.12 before settling at $199.11 at press time. While the cryptocurrency is down 2.71% over the past 24 hours, it recorded a 2.57% gain over the past week, reflecting the coin market’s growing interest in privacy and alignment with broader market trends.

Launched in 2012, Monero is an established leader in the cryptocurrency world, known for its commitment to privacy and user anonymity. Unlike many other cryptocurrencies, Monero uses advanced technologies such as zk-SNARKs and ring signatures to ensure transactions remain private and untraceable. These features make Monero’s native token, XMR, the best choice for users looking for security and confidentiality in their transactions.

The price of Monero is expected to rise, with estimates suggesting it could reach $210.01 by February 2025. Currently, XMR is trading at just over $199, supported by a 24-hour trading volume of $54.48 million and a market cap It has a market value of $3.67 billion, giving it a strong market. 0.10% dominance. Notably, the token is trading 18.81% above its 200-day simple moving average (SMA) of $166.87, indicating continued bullish momentum.

Over the past month, Monero has recorded 20 green trading days, demonstrating its resilience during market volatility. With the 14-day Relative Strength Index (RSI) at 49.59, the price action indicates potential sideways movement in the near term. However, market sentiment remains positive, as evidenced by the Fear and Greed Index score of 78 (extreme greed), indicating cautious optimism among investors.

4. Best Wallet Code (BEST)

Best wallet code It has already raised over $6.5 million in pre-sale of its Web3 wallet on-chain. Despite intense competition and market volatility in December 2024, $BEST has shown remarkable resilience, consistently attracting daily inflows of over $100,000. This steady growth reflects investors’ strong confidence in the project’s promising future.

Moreover, Best Wallet’s exciting air distribution campaign adds to its growing appeal. Participants can earn $BEST tokens by completing daily and seasonal quests, joining the active community on X (formerly Twitter), or referring others. The referral program also offers passive rewards, making it a great way for new and existing investors to grow their holdings.

Getting started with Best Wallet is simple and easy to use. Investors can visit the official website to connect their cryptocurrency wallets and buy top dollar using ETH, USDT, or BNB. Alternatively, the app – available on Google Play and the Apple App Store – allows users to purchase BEST directly with fiat or cryptocurrencies for $0.0235. In addition, the platform supports easy integration with wallets such as MetaMask, allowing users to securely manage all their assets in one place.

He wins $the bestOne airdrop mission at a time! 🙌

Make every step count. From checking in to completing tasks, Best Wallet airdrop gives you the opportunity to earn tokens while exploring features you’ll love.

Start now! 📲 https://t.co/he5kzra7TY pic.twitter.com/ifLU2gHhUF

— Best Wallet (@BestWalletHQ) January 7, 2025

What really sets $BEST apart is its generous bonuses, offering an impressive 352% annual return. More than $75 million worth of BEST tokens have already been deposited, demonstrating the community’s strong confidence and enthusiasm for the project. Through these rewards, investors can start earning additional tokens immediately, boosting the value of their investments.

Visit the best pre-sale here

5. Excellent (XLM)

Despite recent challenges, Stellar (XLM) is gaining renewed interest in the cryptocurrency space. Over the past week, it has shown a promising rise of 28.95%, raising hope of a possible breakout soon.

However, today XLM saw a 5.02% decline, which was due to rejection at the $0.63 resistance level, which represents the top of the falling wedge pattern. This pullback tested the lower support of the wedge several times, indicating strong buyer interest in these levels. Currently trading at $0.435, XLM has rebounded sharply from the low of the wedge and is approaching a critical convergence point.

If XLM maintains its momentum and breaks the $0.3524 resistance level, it may target $0.46 and $0.63, which could generate a gain of 44.83% from its current price. However, failure to breakout could lead to another test of the lower support area at $0.33, making these levels crucial for traders to monitor.

Moreover, Stellar’s partnership with Fonbnk is attracting great interest. This collaboration enables the conversion of prepaid SIM cards into virtual debit cards, promoting financial inclusion across Africa. With 350 million unbanked individuals and only 20% of households using formal banking services, Fonbnk’s innovative solution is timely and impactful. By integrating the Stellar blockchain, users can exchange airtime for USDC, providing access to global financial services and bridging the gap for millions.

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