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Sponge

With the Sui price surging 11.88% as the network’s total value locked exceeds $326 million, SUI is positioning itself as one of the best crypto to buy today along with BNB and TON, which are seeing bullish price action amid overall optimism in crypto markets.
Beyond these leading names, newcomers like Bitcoin Minetrix and Sponge V2 Token presales are drawing attention with their unique propositions.
<h2 id="best-cryptos-to-buy-today-in-the-news">Best Cryptos to Buy Today in the News</h2>
The Sui Network’s native token, SUI, continues to see gains despite the broader cryptocurrency market’s indecisiveness for the past few days, currently trading up 11.88% at around $1.3992 over the past day.
This latest price movement comes as the blockchain platform continues to gain momentum, <a href="https://defillama.com/chains" rel="noopener noreferrer nofollow">now ranked number 13 amongst all blockchains globally by Total Value Locked (TVL)</a>, exceeding $326 million.
Sui reached a new 8-month high earlier today and looks set for more gains as we advance, though it could see near-term price corrections, with support at $1.2 and $1.1.
Shifting focus, Binance Coin (BNB) appears primed for a move upwards after breaking out of a <a href="https://www.investopedia.com/terms/p/pennant.asp" rel="noopener noreferrer nofollow">bull pennant pattern</a> on its technical chart.
BNB has stabilized around the $300 level in recent weeks after rallying to a year-to-date high of $338.3 in late 2023.
Now, BNB looks ready to retest the $400 zone, with the bull pennant breakout happening on rising volume.
This signals a resumption of the uptrend across multiple timeframes. The $300 support is holding steady for now, and the RSI consolidating around 50 suggests room for additional upside.
In other market movements, Toncoin (TON) has bounced back after testing the $2.35 support level in recent trading sessions.
The native token of the Telegram Open Network spiked to over $2.35, notching gains of more than 11% in 24 hours.
This recovery comes after TON pulled back from its 2023 highs near $2.770 in the range between $2 and $2.40.
The cryptocurrency faces some near-term technical and developmental headwinds, including declining developer activity since early December.
Brace Yourself, DeFi on TON is Coming
We're thrilled to announce that RedStone is the first and the only Oracle providing data feeds on <a href="https://twitter.com/ton_blockchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ton_blockchain</a>
The integration starts a long-term TON RedStone initiative to foster DeFi on the blue chain.
Learn more <a href="https://t.co/gogQwDJqOi" rel="noopener noreferrer nofollow">pic.twitter.com/gogQwDJqOi</a>
— RedStone Oracles (@redstone_defi) <a href="https://twitter.com/redstone_defi/status/1745823159587397833?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 12, 2024</a>
However, the integration of RedStone’s oracles into the TON blockchain marks a milestone that could boost the blockchain’s DeFi capabilities.
As oracles provide live asset price data to <a href="https://ton.app/" rel="noopener noreferrer nofollow">TON-based decentralized applications</a>, the growth and efficiency of these dApps are expected to improve over time.
The long-term outlook for Toncoin remains positive, with predictions suggesting it could retest the $3 psychological mark later this year.
For now, TON appears to have found renewed momentum after revisiting key support levels.
Among fresh Bitcoin alternatives, the Bitcoin Minetrix and Sponge V2 Token presales present <a href="https://cryptonews.com/news/crypto-launches.htm" rel="noopener noreferrer nofollow">opportunities for those seeking new protocols to watch this year</a>.
With upbeat price action and developments, SUI, BNB, and TON strengthen their positions as the best crypto to buy today, joined by fresh crypto presales like Bitcoin Minetrix and Sponge V2 Token.
<h2 id="sui-priceprediction-potential-breakout-towards-2">SUI PricePrediction: Potential Breakout Towards $2</h2> Source: TradingView / <a href="https://www.tradingview.com/symbols/SUIUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow">SUIUSDT</a>
Despite Bitcoin’s 6.5% decline this past week, SUI’s price has been on a tear, surging over 75% in just the past 7 days.
With the price still climbing, up another 11.88% to $1.3992 so far today, there are few signs of this powerful uptrend losing momentum.
Analyzing the key technical indicators for SUI paints a picture of a cryptocurrency still firmly in bull mode.
The 20-day EMA currently stands at $0.9817, well below the 50-day EMA of $0.8185.
This shows not only the dynamism of the recent SUI price rise but also suggests further gains may be ahead as the faster moving average leads the way higher.
The <a href="https://www.investopedia.com/terms/r/rsi.asp" rel="noopener noreferrer nofollow">relative strength index (RSI)</a> for SUI is presently at 77.09, up from yesterday’s 72.77. Though it still has room to rise before becoming dangerously overheated, the indicator suggests SUI may be overextended in the short term.
SUI’s MACD histogram has also increased, printing at 0.0508 today compared to 0.0416 yesterday.
The growing positive MACD value indicates strengthening bullish momentum, which could propel the SUI price even higher in the near term.
With no signs of exhaustion evident yet, traders will be closely watching to see if SUI can break through nearby resistance.
The first test will come at the zone from $1.4078 to $1.4996, which also aligns with the key $1.50 psychological barrier.
If SUI can close decisively above this area, it may trigger a powerful breakout towards $2.
However, if the rally stalls and SUI falls back below support around $1.2137 to $1.2449, it could signal the top is in for now and a deeper pullback may follow.
As long as volumes remain strong and SUI holds above the 20-day EMA, the path of least resistance appears to be higher for the surging cryptocurrency.
Traders may look to buy dips but should be prepared to cut losses quickly if $1.20 fails to hold. With SUI price action supercharged lately, savvy traders will let the technicals be their guide.
<h2 id="bnb-price-prediction-rsi-surge-points-to-potential-upside">BNB Price Prediction: RSI Surge Points to Potential Upside</h2> Source: TradingView / <a href="https://www.tradingview.com/symbols/BNBUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow">BNBUSDT</a>
The BNB price has shown signs of life after stabilizing around the $300 level over the past week.
BNB currently trades at $318.6, up 6.38% as it seemingly breaks out from its bullish pennant pattern.
With technical indicators painting a mixed picture, where could the BNB price be heading next?
The 20-day EMA for the BNB price stands at $301.4, while the 50-day EMA sits slightly lower at $280.9.
With the faster 20-day EMA above the 50-day, this suggests a bullish trend in the near term.
However, with the EMAs in close proximity, BNB remains in a period of uncertainty and volatility that warrants caution before making major trading decisions.
The RSI bounced back sharply from yesterday’s reading of 53.37 up to 63. This shows a gathering bullish momentum, implying potential for further upside for the BNB price.
The MACD histogram improved from -3.8 to -2.6. Despite remaining in negative territory, the histogram climbing towards the zero line hints at building positive momentum that could lift prices higher.
With BNB rallying 6.38% to $318.6 on increased trading volumes, investor enthusiasm seems to be returning after stagnant action around $300. However, BNB remains bound between key levels.
To the upside, BNB faces initial resistance at the Fib 0.236 level of $314.8, followed by the horizontal resistance between $338.4 and $345. A decisive break above could signal a sustained uptrend.
On the downside, initial support lies between $300.4 and $304.5. This zone aligns with the 20-day EMA of $301.4 and the Fib 0.382 level of $300.3.
If this area fails to hold, the BNB price risks descending to retest the $280 region.
Overall, while the BNB price has shown renewed signs of life, ambiguity on key indicators warrants caution over the short term.
BNB remains rangebound between $300 support and $340 resistance. A breakout above the $340 resistance or breakdown below the $300 support should set the next major trend.
<h2 id="ton-price-gains-momentum-targets-immediate-range-resistance-levels">TON Price Gains Momentum, Targets Immediate Range Resistance Levels</h2> Source: TradingView / <a href="https://www.tradingview.com/symbols/TONUSDT/?exchange=OKX" rel="noopener noreferrer nofollow">TONUSDT</a>
After spending over a month trading sideways between $2 and $2.40, the TON price is finally seeing renewed momentum to the upside. TON is currently trading around $2.44, up 6.93% so far today.
With the TON price attempting to break out of its long-standing range, bulls now have their sights set on its range resistance between $2.33 and $2.39.
This area aligns with the Fib 0.786 retracement level at $2.386, making it a technically important hurdle.
Based on current momentum indicators, the path of least resistance appears to be higher for the TON price in the near term.
The RSI has risen to 61, well above the 50 neutral mark and reflecting growing upside momentum.
Additionally, the MACD histogram has turned positive with a bullish crossover.
On the downside, TON’s price now has its 20, 50, and 100-day EMAs stacked closely together between $2.19 and $2.24. This zone should provide solid support on any pullbacks.
A more established support comes in around the $2.10 area, which lines up with the Fib 0.50 level. As long as TON holds above this level, the short-term uptrend remains intact.
Looking ahead, a decisive breakout above the $2.33 to $2.39 resistance zone could open the door for TON to challenge horizontal resistance around $2.58 next.
However, failure to push through overhead resistance could lead to a retest of support levels.
Traders may want to watch for a confirmed break one way or the other before putting on sizable positions.
Beyond today’s top movers, presales can provide exposure to tomorrow’s potential high-flyers. Bitcoin Minetrix and Sponge V2 Token presales present such opportunities.
<h2 id="discovering-bitcoin-alternatives-cryptocurrency-s-potential-2024-breakthroughs">Discovering Bitcoin Alternatives: Cryptocurrency’s Potential 2024 Breakthroughs</h2>
As we enter 2024, cryptocurrency investors are shifting their focus beyond Bitcoin to a broader array of new cryptocurrencies, drawn by the attractive growth potential of early-stage crypto projects.
Bitcoin Minetrix and Sponge V2 Token are increasingly being recognized as Bitcoin alternatives that are worth keeping an eye on.
The search for the best crypto to buy today is gaining momentum among investors, who are carefully considering the long-term potential and possible returns of these alternatives.
With the arrival of Bitcoin Minetrix and Sponge V2 Token, <a href="https://cryptonews.com/news/new-cryptocurrency.htm" rel="noopener noreferrer nofollow">new and appealing investment options are rising in the cryptocurrency market</a>, moving the focus away from Bitcoin.
The introduction of these new cryptocurrency projects provides an opportunity for investors looking to diversify their portfolios.
These up-and-coming options offer not just potential investments but also insight into <a href="https://cryptonews.com/news/meet-degen-distillery-the-web3-disruptor-set-to-shake-up-the-drinks-and-spirits-industry.htm" rel="noopener noreferrer nofollow">future cryptocurrency market trends</a>, making them strategic additions given the volatility of the cryptocurrency space.
<h3 id="bitcoin-minetrix-s-focus-on-democratizing-bitcoin-mining-rewards-makes-it-a-top-contender-for-best-crypto-to-buy-today">Bitcoin Minetrix’s Focus on Democratizing Bitcoin Mining Rewards Makes It a Top Contender for Best Crypto to Buy Today</h3>
A new crypto mining project called Bitcoin Minetrix has been gaining considerable traction and buzz in recent weeks, amassing over $8.4 million in its presale event ahead of its slated release later this year.
Bitcoin Minetrix introduces a tokenized staking system where users can stake BTCMTX tokens to earn non-transferable mining credits, which are then burned to acquire cloud mining power for a <a href="https://cryptonews.com/news/bitcoin-mining-sites.htm" rel="noopener noreferrer nofollow">decentralized and energy-efficient way to mine Bitcoin</a>.
With the upcoming halving in April, mining costs are projected to soar.<a href="https://twitter.com/RiotBlockchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@RiotBlockchain</a>, <a href="https://twitter.com/TeraWulfInc?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TeraWulfInc</a>, and <a href="https://twitter.com/CleanSpark_Inc?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CleanSpark_Inc</a> are well-positioned, but what's your take on how other miners will adapt?
On the other hand, <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> has also now raised over $8,400,000! <a href="https://t.co/BwdYTOkrWF" rel="noopener noreferrer nofollow">pic.twitter.com/BwdYTOkrWF</a>
— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1746886441060159609?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 15, 2024</a>
Staking BTCMTX tokens also offer <a href="https://cryptonews.com/news/best-crypto-staking-platforms.htm" rel="noopener noreferrer nofollow">staking rewards</a> of up to 76% APY during the presale.
With over 545 million tokens already staked, Bitcoin Minetrix is building an engaged community invested in the project’s success.
Many see potential in democratizing and simplifying Bitcoin mining, which has become prohibitively expensive for average crypto users.
Bitcoin Minetrix hopes to offer a sustainable alternative through its Stake-to-Mine model.
BTCMTX tokens are currently priced at $0.0128, but the price will rise incrementally as the presale continues.
Several influencers have publicly endorsed Bitcoin Minetrix, including YouTuber Michael Wrubel <a href="https://www.youtube.com/watch?v=Cr48YdiTmUA" rel="noopener noreferrer nofollow">who stated he is “bullish” on BTCMTX</a>.
Moving forward, Bitcoin Minetrix intends to release a mobile application and collaborate with cloud mining companies to continue expanding the platform.
With growing adoption expected to drive demand, BTCMTX is standing out as one of the best cryptos to buy today before its launch.
<a href="https://cryptonews.com/ext/bitcoinminetrix" rel="noopener noreferrer nofollow">Visit Bitcoin Minetrix Now</a>
<h3 id="sponge-v2-presale-gives-access-to-a-promising-play-to-earn-meme-coin-a-top-contender-for-best-crypto-to-buy-today">Sponge V2 Presale Gives Access to a Promising Play-to-Earn Meme Coin – A Top Contender for Best Crypto to Buy Today</h3>
The crypto meme coin market has seen the rise of several viral sensations over the past year, with <a href="https://cryptonews.com/news/best-meme-coins.htm" rel="noopener noreferrer nofollow">coins like Dogecoin and Shiba Inu</a> generating sizable gains for early investors.
Now, a new meme coin called Sponge V2 is seeking to be the next viral hit, with a presale offering early access before exchange listings.
Sponge V1 was a huge hit, and V2 is set to soar even higher!
Stake <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> now to absorb the damp.
Missed V1? Don't miss V2! <a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://t.co/snPjpOOFh6" rel="noopener noreferrer nofollow">pic.twitter.com/snPjpOOFh6</a>
— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1746834676113658207?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 15, 2024</a>
Sponge V2 is the follow-up to Sponge V1, a meme coin that increased 100x shortly after its launch in May 2023.
The original Sponge coin reached a market cap of $100 million within days, turning an investment of $1,000 into $100,000 for some buyers.
While Sponge V1 was purely a meme coin without any utility, Sponge V2 will include new features like a play-to-earn game and intends to build on the success of V1 with even greater <a href="https://cryptonews.com/news/new-coin-listing.htm" rel="noopener noreferrer nofollow">exchange listings</a> and community hype.
The only way to access Sponge V2 currently is through the project’s staking platform, which allows investors to lock up Sponge V1 tokens in exchange for Sponge V2 rewards.
The staking period lasts for four years, with the first V2 tokens distributed before exchange listings.
Sponge V2 is tapping into the resurgent interest in meme coins in 2024, with major exchanges like Binance and Coinbase now listing popular meme coins.
As meme coins regain popularity across crypto markets, participation in the exclusive Sponge V2 presale provides an ideal chance for investors to get in on what could become the best crypto to buy today.
<a href="https://cryptonews.com/visit/sponge" rel="noopener noreferrer nofollow">Visit Sponge V2 Now</a>
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Best Crypto to Buy Today January 15 – SUI, BNB, TON

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