Pendle

Frax Share

TRON

Frax

<div class="insidebitcoins">
 Each day, we review some picks for the best cryptos to buy now based on the latest market movements, block<a rel="noopener noreferrer nofollow" title="Category Chain news" href="https://thebittimes.com/chain-news.html">Chain news</a>, and trending narratives.
 Explore the cryptocurrency market on January 23 as we highlight tokens worth investing in, including TRON, Pendle, and Frax Share. Discover the unique qualities and recent advancements that make these digital assets stand out in today’s market.
 <h2 id="b-best-crypto-to-buy-now-b">Best Crypto to Buy Now</h2>
 In our <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of the Best Crypto to Buy Now, we analyze the individual <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> and recent developments contributing to their appeal among investors. Today’s article will examine the reason behind the surge in SUI’s value and Frax’s plan to implement its Layer 2 solution. Shifting the focus to trending news, following the launch of the first exchange-traded funds (ETFs) directly investing in Bitcoin on January 11, the popular digital asset has experienced a notable decline of nearly 20%.
 <h3 id="b-1-sui-sui-b">1. Sui (SUI)&nbsp;</h3>
 Sui (SUI) has experienced a notable surge in value, reaching an all-time high amidst the flourishing DeFi ecosystem. The Sui blockchain network now stands among the top 15 daily and weekly transaction volumes, showcasing growth in decentralized exchange (DEX) trading.
 <img decoding="async" class="aligncenter size-full wp-image-474560" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20928%20495'%3E%3C/svg%3E" alt="SUI Price Chart" width="928" height="495" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/01/24/c211bdb47b35b5524b3c2a3dc8ddea0b.webp 928w, https://cdn.thebittimes.com/images/2024/01/24/c211bdb47b35b5524b3c2a3dc8ddea0b.webp 300w, https://cdn.thebittimes.com/images/2024/01/24/c211bdb47b35b5524b3c2a3dc8ddea0b.webp 768w" data-lazy-sizes="(max-width: 928px) 100vw, 928px" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/24/c211bdb47b35b5524b3c2a3dc8ddea0b.webp">
 <noscript><img decoding="async" class="aligncenter size-full wp-image-474560" src="https://cdn.thebittimes.com/images/2024/01/24/c211bdb47b35b5524b3c2a3dc8ddea0b.webp" alt="SUI Price Chart" width="928" height="495" srcset="https://cdn.thebittimes.com/images/2024/01/24/c211bdb47b35b5524b3c2a3dc8ddea0b.webp 928w, https://cdn.thebittimes.com/images/2024/01/24/c211bdb47b35b5524b3c2a3dc8ddea0b.webp 300w, https://cdn.thebittimes.com/images/2024/01/24/c211bdb47b35b5524b3c2a3dc8ddea0b.webp 768w" sizes="(max-width: 928px) 100vw, 928px">
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 Moreover, Sui’s Total Value Locked (TVL) has seen a remarkable increase, accompanied by impressive transaction speed and capacity. The platform’s ascent is aided by advanced technology such as zkSend, elevating the efficiency of Web3 transactions. In addition, SUI’s price experienced an intraday increase of 7.36%, reflecting high liquidity based on its market capitalization.&nbsp;
 Furthermore, Sui Crypto peaked on May 3, 2023, at $1.839970, while its lowest price was recorded at an all-time low of $0.00. After its all-time high, the lowest price was $0.363263, and the highest since the last cycle low reached $1.449110. Analyzing Sui’s recent performance and ecosystem growth, there are positive indicators.&nbsp;
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Remember the wave of inscription-related activity across various blockchains last December? Inscriptions and the storage of NFT metadata exemplify compelling onchain storage applications. https://t.co/adRzkENGBa
 — Sui (@SuiNetwork) January 20, 2024
 </blockquote>
 
 The network’s high transaction volume and growing Total Value Locked (TVL) suggest a promising future. However, the key challenge lies in Sui’s ability to sustain this growth amid competition from other blockchains and market fluctuations. This will significantly impact its future price trajectory.
 <h3 id="b-2-frax-share-fxs-b">2. Frax Share (FXS)</h3>
 Frax Share’s (FXS) recent market performance signals a bullish trend as the token surpasses key moving averages. Currently, FXS is trading at $9.36, indicating a modest 3% gain over the past week. The increased trading volume, up 41.86% to $77 million, further supports the prevailing bullish sentiment.
 <img decoding="async" class="aligncenter size-full wp-image-474561" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20928%20495'%3E%3C/svg%3E" alt="FXS Price Chart " width="928" height="495" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/01/24/b8e6baafe321911639aaa0a2119dd790.webp 928w, https://cdn.thebittimes.com/images/2024/01/24/b8e6baafe321911639aaa0a2119dd790.webp 300w, https://cdn.thebittimes.com/images/2024/01/24/b8e6baafe321911639aaa0a2119dd790.webp 768w" data-lazy-sizes="(max-width: 928px) 100vw, 928px" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/24/b8e6baafe321911639aaa0a2119dd790.webp">
 <noscript><img decoding="async" class="aligncenter size-full wp-image-474561" src="https://cdn.thebittimes.com/images/2024/01/24/b8e6baafe321911639aaa0a2119dd790.webp" alt="FXS Price Chart " width="928" height="495" srcset="https://cdn.thebittimes.com/images/2024/01/24/b8e6baafe321911639aaa0a2119dd790.webp 928w, https://cdn.thebittimes.com/images/2024/01/24/b8e6baafe321911639aaa0a2119dd790.webp 300w, https://cdn.thebittimes.com/images/2024/01/24/b8e6baafe321911639aaa0a2119dd790.webp 768w" sizes="(max-width: 928px) 100vw, 928px">
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 Moreover, Frax’s plan to implement its Layer 2 solution in early February is a significant development on the horizon. This strategic move aims to enhance scalability and reduce transaction fees on the stablecoin platform. The forthcoming protocol upgrade has the potential to reignite interest in FXS, the governance token of the Frax ecosystem.
 Furthermore, FXS is currently in an uptrend, approaching a potential breakout around the $10 mark. However, Investors anticipate a decisive breakout despite average buying momentum, carefully analyzing past sessions for insights. Technically, the FXS token is trading above its 200-day simple moving average, signaling sustained positive momentum.&nbsp;
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 sfrxETH already being added to liquid restaking protocols/tokens (LRTs) ahead of Eigenlayer integration on Jan 29th! Kelp DAO is our first LRT integration 🤝 Users can restake with them directly on Jan 29th in addition to directly with @eigenlayer. https://t.co/CqrAwDCw21
 — Frax Finance (¤, ¤) 🦇🔊 (@fraxfinance) January 16, 2024
 </blockquote>
 
 Also, the coin’s high liquidity, based on its market capitalization, adds to its appeal to investors. In addition, Frax Share has a circulating supply of 76.46 million FXS out of a maximum supply of 99.90 million FXS. Moreover, the yearly supply inflation rate stands at 371.72%, indicating the creation of 60.25 million FXS in the last year.
 <h3 id="b-3-tron-trx-b">3. TRON (TRX)</h3>
 TRON (TRX) has demonstrated sustained growth, evident in its weekly and monthly charts. The token surpasses key value clusters and maintains a position above crucial moving averages. Furthermore, TRON is currently valued at $0.1085, with a 24-hour trading volume reaching $283,731,078.&nbsp;
 The coin ranks 11th on CoinMarketCap, boasting a live market cap of $9,568,129,030. Its circulating supply is 92.35 billion TRX out of a maximum supply of 99.28 billion. In addition, TRON’s token increased by 77% increase last year.&nbsp;
 <img decoding="async" class="aligncenter size-full wp-image-474563" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20928%20495'%3E%3C/svg%3E" alt="TRX Price Chart " width="928" height="495" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/01/24/f38c635e9244f9af32ce31b191b50be8.webp 928w, https://cdn.thebittimes.com/images/2024/01/24/f38c635e9244f9af32ce31b191b50be8.webp 300w, https://cdn.thebittimes.com/images/2024/01/24/f38c635e9244f9af32ce31b191b50be8.webp 768w" data-lazy-sizes="(max-width: 928px) 100vw, 928px" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/24/f38c635e9244f9af32ce31b191b50be8.webp">
 <noscript><img decoding="async" class="aligncenter size-full wp-image-474563" src="https://cdn.thebittimes.com/images/2024/01/24/f38c635e9244f9af32ce31b191b50be8.webp" alt="TRX Price Chart " width="928" height="495" srcset="https://cdn.thebittimes.com/images/2024/01/24/f38c635e9244f9af32ce31b191b50be8.webp 928w, https://cdn.thebittimes.com/images/2024/01/24/f38c635e9244f9af32ce31b191b50be8.webp 300w, https://cdn.thebittimes.com/images/2024/01/24/f38c635e9244f9af32ce31b191b50be8.webp 768w" sizes="(max-width: 928px) 100vw, 928px">
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 Also, TRON outperformed 76% of the top 100 crypto assets within the same timeframe. Moreover, TRON ranks 5th in the Proof-of-Stake Coins sector and 1st in the Tron Network sector. The token also ranks 9th in the Layer 1 sector. Additionally, the project boasts high liquidity, as reflected in its substantial market cap.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 By the end of 2023, the #TRON Network total accounts were over 200M and our network facilitated nearly 7B transactions! 🌐
 Check out more from the Q4'23 @MessariCrypto report on TRON. 👇 https://t.co/oKyKB7Oc7x
 — TRON DAO (@trondao) January 19, 2024
 </blockquote>
 
 TRON is actively trading on Binance, adding to its accessibility and exposure in the cryptocurrency market. In summary, TRON’s recent performance metrics, strategic rankings, and trading indicators position it as the best cryptocurrency to buy now.
 <h3 id="b-4-launchpad-xyz-lpx-b">4. Launchpad XYZ (LPX)</h3>
 Launchpad XYZ, a Web 3.0 investment sector platform, offers a range of products covering utility tokens, ICOs, and NFTs. Their goal is to simplify the Web 3.0 experience for beginners and seasoned investors. The platform provides valuable information to facilitate well-informed decision-making for crypto investors.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/v_9h3p5K1CE" data-id="v_9h3p5K1CE" data-query="feature=oembed" data-alt="2 New Presales PACKED With Utility - New 10x Potential Crypto (yPredict &amp; Launchpad XYZ)"></div>
 <noscript><iframe title="2 New Presales PACKED With Utility - New 10x Potential Crypto (yPredict &amp; Launchpad XYZ)" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/v_9h3p5K1CE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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 Stakeholders benefit from premium <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>, such as reduced trading commissions on the Launchpad XYZ decentralized exchange. Additionally, LPX token holders enjoy guaranteed access to new NFT mints at competitive prices and early access to exclusive presales.
 In addition, the platform introduced the Launchpad Quotient (LPQ), an innovative ranking system that leverages over 400 data points. This system analyzes social, financial, and market data to provide a confidence and trust ranking for various digital assets.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚀 Tomorrow marks the end of the #Launchpad XYZ Presale!
 It's your last chance to get in on the action and shape the future of crypto trading.
 Don't wait! 🌐 #Crypto #Web3 #100x #Trading pic.twitter.com/7lMdQnM2ar
 — Launchpad.xyz (@launchpadlpx) January 23, 2024
 </blockquote>
 
 The LPX token has succeeded, raising significant funds totaling $2,708,663.95 in its presale. This indicates market acceptance, potentially positioning LPX as the best crypto to buy now. Currently valued at $0.0445, the ongoing presale is set to conclude in the next 24 hours.
 Visit the Launchpad XYZ presale.
 <h3 id="b-5-pendle-pendle-b">5. Pendle (PENDLE)</h3>
 Pendle has recently been added to Cobo Argus’s lineup of strategy bots and is set to streamline decentralized finance (DeFi) operations. This will be done through automated contract executions and token transfers based on predetermined conditions. Moreover, this collaboration aims to bolster institutional capital efficiency by seamlessly integrating strategy bots into the system.
 <img decoding="async" class="aligncenter size-full wp-image-474565" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20928%20495'%3E%3C/svg%3E" alt="PENDLE Price Chart " width="928" height="495" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/01/24/ce81fd547a428795a2e74344ce174e3d.webp 928w, https://cdn.thebittimes.com/images/2024/01/24/ce81fd547a428795a2e74344ce174e3d.webp 300w, https://cdn.thebittimes.com/images/2024/01/24/ce81fd547a428795a2e74344ce174e3d.webp 768w" data-lazy-sizes="(max-width: 928px) 100vw, 928px" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/24/ce81fd547a428795a2e74344ce174e3d.webp">
 <noscript><img decoding="async" class="aligncenter size-full wp-image-474565" src="https://cdn.thebittimes.com/images/2024/01/24/ce81fd547a428795a2e74344ce174e3d.webp" alt="PENDLE Price Chart " width="928" height="495" srcset="https://cdn.thebittimes.com/images/2024/01/24/ce81fd547a428795a2e74344ce174e3d.webp 928w, https://cdn.thebittimes.com/images/2024/01/24/ce81fd547a428795a2e74344ce174e3d.webp 300w, https://cdn.thebittimes.com/images/2024/01/24/ce81fd547a428795a2e74344ce174e3d.webp 768w" sizes="(max-width: 928px) 100vw, 928px">
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 Investor sentiment towards Pendle’s price prediction leans bullish, with a Fear &amp; Greed Index reading of 50, indicating a neutral stance. Additionally, Pendle is trading above its 200-day simple moving average, highlighting its favorable market position. Furthermore, Pendle has exhibited a 7-day increase of 15.84% in market performance.&nbsp;
 There are 238.19 million PENDLE tokens in circulation out of a maximum supply of 258.45 million. The yearly supply inflation rate is 24.25%, creating 46.49 million PENDLE tokens in the past year.&nbsp;
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The Pendle Print:
 Updates on everything Pendle related. For everyone, degens to institutions.
 Sub to The PP https://t.co/1dWMsZqEDg
 — Pendle (@pendle_fi) January 19, 2024
 </blockquote>
 
 In addition, Pendle hit its peak price on Jan 22, 2024, reaching an all-time high of $2.42. Conversely, its lowest recorded price occurred on Nov 14, 2022, at an all-time low of $0.034103. Following the all-time high, Pendle experienced a cycle low with a minimum price of $1.895090, while the highest price since the last cycle low reached $1.923820.
 <h3 id="b-read-more-b">Read More</h3>
 <ul>
 <li style="font-weight: 400;" aria-level="1">Best Crypto to Buy Now</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/best-crypto-to-buy-now-january-23-tron-pendle-frax-share-tbt77479.html">https://thebittimes.com/best-crypto-to-buy-now-january-23-tron-pendle-frax-share-tbt77479.html</a>
</div>

Best Crypto to Buy Now January 23 – TRON, Pendle, Frax Share

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