Highlights:
- NEAR Protocol’s partnership with Deutsche Telekom has boosted its credibility and demand, making it a strong investment option.
- Stellar (XLM) experienced a 36.64% weekly surge, driven by the launch of Stellar futures on Coinbase Derivatives.
- Cardano (ADA) shows growth potential driven by strategic moves, whale investments, and Trump-Hoskinson rumors.
The cryptocurrency market is currently bearish. The total market capitalization has declined by around 2.51% in the last 24 hours to $2.91 trillion. In the global market contribution, Bitcoin takes the biggest share, 57.16%, revealing its dominance in the crypto market. Currently, Bitcoin is trading at around $87,700 and has fallen by 3.78% in the last 24 hours. Its bear run is also affecting the overall market.
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Although the market is bearish, it presents an opportunity for investors. Let’s explore the best cryptocurrencies to invest in today: NEAR Protocol, Stellar, and Cardano.
1. NEAR Protocol (NEAR)
NEAR Protocol is trading at $5.40, reflecting a 1.19% increase over the past 24 hours. Its market capitalization is $6.58 billion, while its 24-hour trading volume is $925.46 million. It has a circulating supply of 1.22 billion Near tokens. NEAR has also increased its weekly trading volume by 9.5%, which shows an improvement in investor demand.
The NEAR token has various functions within the ecosystem. It allows its users to lock their NEAR tokens and validate the network.
Deutsche Telekom has partnered with Near Protocol to become its validator. This recent development has contributed to the recent surge in its price. The partnership shows that the coin is appealing to major industry players hence a perfect choice to invest in.
GERMAN TELECOM GIANT DEUTSCHE TELEKOM JOINS NEAR PROTOCOL AS ENTERPRISE NODE OPERATOR
– Deutsche Telekom MMS, one of the world's leading integrated telecommunications companies, has joined the @NEARProtocol ecosystem.
– The platform partners with Meta Pool to become part of… https://t.co/bRlwAncWF5 pic.twitter.com/Lb0ZPspuUA
— BSCN (@BSCNews) November 12, 2024
2. Stellar (XLM)
XLM is trading at $0.1288, reflecting a 10.34% decrease over the past 24 hours. However, XLM has even surged 27.11% in the past seven days, pointing at the rising investor demand. Market capitalization is $3.85 billion while the 24-hour trading volume remains at $491.24 million. The circulating supply of XLM tokens is nearly 29.9 billion in their market.
Stellar is growing to build networks that enhance cross-border transactions and financial access. The XLM token performs several functions within the Stellar system. One of the notable events that may have contributed to the recent upward trend in XLM is the launch of Stellar futures by Coinbase Derivatives on November 11, 2024. This will create new avenues to help traders gain exposure to XLM.
Stellar (XLM) and Silver (SLR) futures are now live. Check out the expanded offering of US-regulated futures from Coinbase Derivatives 👇🏼 https://t.co/y9qjmItGlm
— Coinbase Institutional 🛡️ (@CoinbaseInsto) November 13, 2024
3. Cardano (ADA)
ADA has recently seen much activity due to several strategic developments and market expectations. ADA is currently trading at $0.5871 and has risen 37.88% over the past week but has fallen by 6.07% in the past 24 hours. It has a market capitalization of $19.69 billion, with a 24-hour trading volume of $2.86 billion. It has approximately over 36 billion ADA tokens in circulation.
Cardano is active and growing with healthy community support and constant updates on the network. The recent surge is linked to expectations of interaction between Charles Hoskinson, the founder of the Cardano, and US President Donald Trump. This has created a lot of market attention, and some analysts expect that the price may go as high as $3 if it comes to pass.
Can the XRP event be close, as TRUMP, ELON, Charles Hoskinson, and possibly a more crypto friendly new SEC Chair, see XRP pump?
I'll do a YouTube on this tomorrow.#XRPArmy #Ripple@vandell33 @realallincrypto @theresetsniper @themarketsniper pic.twitter.com/8X6jl2Re4v
— TheCryptoSniper (@TheCryptoSniper) November 14, 2024
In addition, whales are pushing ADA to its ATH through large token purchases. This activity demonstrates a strong belief in the growth trajectory of Cardano over the long term and has attracted the attention of small investors.
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