Best Crypto to Buy Now February 7 – BNB, Injective, WEMIX

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The crypto market has experienced sharp fluctuations, with a recent downturn caused by new tariffs on imports from China, Canada, and Mexico. However, the market showed resilience. This recovery has reignited interest in digital assets. Investors are looking for the best crypto to buy now, evaluating projects with strong fundamentals and growth potential.

Among them, BNB, Injective, and WEMIX stand out. Their adoption and development influence their value, making them options to consider amid market fluctuations. This article analyzes some of the best cryptocurrencies market participants can add to their portfolios.

Best Crypto to Buy Now

Shiba Inu has collaborated with the UAE’s Ministry of Energy and Infrastructure to incorporate blockchain technology into government services. Meanwhile, Meme Index has secured over $3.4 million in its presale, highlighting the growing interest in a structured approach to meme coin investments. Injective has also launched InjScan, a blockchain explorer to enhance user experience through advanced tools, detailed analytics, and an improved interface.

1. Shiba Inu (SHIB)

Shiba Inu has partnered with the UAE’s Ministry of Energy and Infrastructure (MoEI) to integrate blockchain technology into government services. MoEI plans to use Shiba Inu’s ShibOS on its layer-2 blockchain, Shibarium, to improve operations, enhance security, and increase transparency.

SHIB Price Chart

This partnership highlights the expanding role of blockchain in public services. By leveraging decentralized applications, MoEI aims to streamline processes and reduce inefficiencies. Shiba Inu’s involvement in such an initiative may strengthen its position in the cryptocurrency market.

SHIB currently has a market capitalization of $9 billion and a trading price of $0.00001494. Its trading volume-to-market cap ratio stands at 0.0394, reflecting active liquidity. The token’s yearly inflation rate is -0.01%, meaning its supply is slightly decreasing over time.

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— Shib | TreatYourself Season (@Shibtoken) February 4, 2025

The 14-day Relative Strength Index (RSI) is 47.90, suggesting a neutral market sentiment with potential sideways movement. Shiba Inu is a decentralized, community-driven cryptocurrency based on Ethereum. Over time, it has gained traction globally and is accepted as payment at various businesses, either directly or through third-party services.

Blockchain adoption in government systems remains a developing trend. With growing institutional interest in blockchain solutions, SHIB remains among the best crypto to buy now for those considering assets with real-world applications.

2. BNB (BNB)

Binance Coin (BNB) was launched through an Initial Coin Offering (ICO) as a utility token for discounted transaction fees on Binance. Since then, its role has expanded. Initially, BNB holders benefited from lower trading fees and governance participation, including voting on token listings. Over time, its use cases grew across decentralized finance (DeFi), artificial intelligence (AI), and real-world applications.

BNB Price Chart

Now, BNB serves as the backbone of the BNB Chain, a blockchain ecosystem focused on scalability and accessibility. This shift has positioned BNB beyond a simple transaction token, integrating it into a broader network that supports various applications. The platform continues to evolve, prioritizing usability and innovation.

$BNB powers one of the largest ecosystems in crypto—but how is it used, and what impacts its supply and demand?

From gas fees to staking and beyond, here’s a deep dive into BNB’s real utility and how it drives the ecosystem.

3. Injective (INJ)

Injective has introduced InjScan, a new blockchain explorer designed to improve user experience with enhanced tools, analytics, and a redesigned interface. The platform now features a modern UI, intuitive navigation, and better data organization. This update aligns with Injective’s goal of making blockchain data more accessible.

INJ Price Chart

In addition, Injective integrates native Ethereum Virtual Machine (EVM) support into its architecture, aiming to enhance network performance and interoperability. Injective’s Multi-VM initiative seeks to expand the range of applications operating on its blockchain. This could make it easier for developers to build and migrate projects to the Injective ecosystem.

1/ InjScan has arrived—the next-gen blockchain explorer for Injective.

Built from the ground up with powerful new tools, improved analytics, and a redesigned UI, InjScan is more than an explorer—it’s an essential resource for every user.

Let’s take a look at what’s new: 🧵 pic.twitter.com/xJEUqCGZED

— Injective 🥷 (@injective) February 5, 2025

The price of Injective currently stands at $13.57, reflecting a 3.77% decrease in the last 24 hours. Despite this short-term dip, the token has performed well compared to its initial sale price. The 24-hour volume-to-market cap ratio is 0.1785, suggesting reasonable liquidity.

The 14-day Relative Strength Index (RSI) is at 56.69, indicating neutral market conditions. This suggests the price may move sideways in the short term. Based on recent trends, analysts predict a slight increase of 1.33%, bringing the price to $13.51 by March.

4. Meme Index (MEMEX)

Meme Index has raised over $3.4 million in its presale, reflecting interest in a structured approach to meme coin investing. Unlike traditional investments in single meme coins, which can be highly volatile, MEMEX offers exposure to a diversified selection of these assets. This strategy aims to balance potential gains while managing risk.

Index-based investing works similarly to stock market indices, which track multiple stocks instead of relying on one company’s performance. MEMEX reduces the impact of price swings from any single asset by including various meme coins. This approach appeals to investors looking for a more stable way to participate in the meme coin sector.

MEMEX also allows investors to stake their tokens to earn passive income. The project claims an annual percentage yield (APY) of 667%, significantly higher than traditional financial instruments.

MEMEX Tweet
Staking involves locking up tokens to support network operations, with participants receiving rewards over time. The presale’s progress indicates that some investors see potential in structured meme coin investing.

Visit Meme Index Presale

5. WEMIX (WEMIX)

WEMIX is a blockchain platform designed to simplify access to blockchain technology. It provides an ecosystem that supports gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs). The platform allows various applications and services to function together using the WEMIX token.

WEMIX Price Chart

Since its launch, WEMIX has expanded its infrastructure, improving interoperability for Web3 gaming and financial applications. It aims to create a seamless digital environment where users can use blockchain-based services without technical complexity.

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— WEMIX (@WemixNetwork) February 5, 2025

The WEMIX token is priced at $0.6585, reflecting a 0.90% decline in the past 24 hours. Its 14-day Relative Strength Index (RSI) is 68.17, suggesting the token is neither overbought nor oversold. This metric indicates a neutral market position, meaning the price may remain stable in the short term.

Price volatility is moderate, with a 30-day rate of 9%, which is considered low for a cryptocurrency. This suggests that price fluctuations have been relatively controlled. The yearly inflation rate is -0.28%, meaning the token supply slightly decreases over time.