Join Our Telegram channel to stay up to date on breaking news coverage
Discover the top cryptocurrencies worth buying now. Get expert insights on which coins are performing best for informed investment decisions.
Today’s cryptocurrency market is on a bearish trend, with major coins like Bitcoin and Ethereum holding steady. Moreover, the fluctuating prices of altcoins present opportunities for higher returns, albeit with increased risk. Investors must carefully weigh potential gains against the volatility inherent in these altcoins. Monitoring these changes is essential to make smart investment choices as the market moves.
Best Crypto to Buy Right Now
This analysis provides traders with valuable insights to evaluate the growth potential of these tokens. Among these tokens is Ripple, which recently announced an extension of its collaboration with Archax, aiming to bring hundreds of millions of dollars in tokenized real-world assets (RWAs) onto the XRP Ledger over the next year.
Meanwhile, Base Dawgz has secured over $1.7 million during its presale, priced at $0.00527, and the DAWGZ token will increase by 5% in 6 days. Furthermore, Pendle has surged significantly, with its Total Value Locked (TVL) rising from $200 million to about $6.5 billion.
1. XRP (XRP)
Ripple recently announced an extension of its collaboration with Archax, aiming to bring hundreds of millions of dollars in tokenized real-world assets (RWAs) onto the XRP Ledger over the next year. This partnership positions the XRPL as a significant blockchain for RWA tokenization.
Furthermore, Archax specializes in working with financial institutions to tokenize their RWAs. Through this collaboration, these institutions can now choose the XRPL for their tokenization needs. This move is expected to create various downstream opportunities for these assets.
Currently, the price of XRP, according to CoinMarketCap, is valued at $0.499, reflecting a slight intraday increase of 0.28%. Over the past week, XRP has shown a positive trend, rising by 2.67%.
The trading volume for XRP surged 107.55%, reaching over $2 Billion. This increase is mainly due to heightened trading activities on major cryptocurrency exchanges.
Additionally, XRP is trading above its 200-day Simple Moving Average (SMA) and 200-day Exponential Moving Average (EMA). Trading above these long-term moving averages often indicates a bullish trend, suggesting potential positive developments for XRP soon.
Introducing Ripple USD (RLUSD): A 1:1 USD-backed stablecoin, offering transparency and stability on the XRP Ledger and Ethereum. Coming later this year.
Sign up to receive the latest stablecoin news, content and availability: https://t.co/ifguG77bO6
— Ripple (@Ripple) June 12, 2024
Also, Ripple plans to launch a new stablecoin, RLUSD, on both the XRP Ledger and the Ethereum main chain. The company attributes this decision to the growing demand for stablecoins and its expertise in cross-border payments.
This collaboration and the upcoming stablecoin launch highlight Ripple’s strategy to enhance the utility and adoption of the XRPL while meeting the evolving needs of the financial sector.
2. Oasis (ROSE)
Oasis is a blockchain that solves two major challenges: scalability and confidential computing. At its core is Sapphire, an innovative platform that supports Web3 and decentralized AI development with a unique focus on privacy. This allows developers to build applications (dApps) prioritizing data confidentiality on Oasis or other EVM-based chains.
The network operates using ROSE, which serves multiple functions, such as covering transaction fees, enabling staking and delegation for validators, and participating in governance decisions. The platform is known for its layered architecture, making it versatile for various applications.
Moreover, Oasis integrates rollups directly at the consensus layer to enhance scalability and performance. Currently, ROSE is priced at $0.09607, showing a decrease of 10.49% in the last 24 hours.
Nonetheless, the token surged by a 4.37% increase over the past month. Its market capitalization ensures high liquidity while trading well above its 200-day moving average, which indicates strong market interest.
Secure, scalable, privacy-preserving AI doesn't have to be hard
(Because we've made it easy) pic.twitter.com/rZXDv2cPjQ
— Oasis (@OasisProtocol) June 17, 2024
Investor sentiment towards Oasis appears bullish, with a Fear & Greed Index score of 74, indicating greed among traders. The 14-day Relative Strength Index (RSI) at 52.68 suggests the token is in a neutral phase, potentially leading to sideways price movements in the short term.
3. GateToken (GT)
GateToken is gaining traction in the crypto market because it helps make peer-to-peer payments easier and aims to simplify financial services. It gives users more control over their money and tries to reduce market ups and downs.
The platform uses smart contracts, which are automated agreements that handle fund transfers and transactions at set prices. As an ERC-20 token, GT is used on the Gate.io platform for payments, offering perks like lower trading fees and access to premium features.
Furthermore, the platform is fast, processing transactions in just 4 seconds and handling up to 2,745 transactions per second (TPS). It also keeps transaction fees low, around $0.0001 each. At press time, GT is priced at $7.91, a slight increase of 0.57% over the past 30 days.
Over six months, the token has surged by 49.99% and trades well above its 200-day Simple Moving Average (SMA) of $4.16. Market sentiment is positive for GateToken, with a Fear & Greed Index score of 74 (Greed). The 14-day Relative Strength Index (RSI) is 55.36, suggesting the market is neutral and may see sideways trading.
In addition, the token has experienced 17 green days in the past month. GateToken is a strong option for quick, low-cost transactions, focusing on giving users more control and aiming for stable market performance.
4. Base Dawgz (DAWGZ)
Base Dawgz recently launched and quickly demonstrated its viral potential within the crypto community. The project introduces meme characters, familiar to many, in a new scenario involving base jumping. This theme aligns with the platform’s primary function, facilitating seamless “base jumping,” or asset transfers, across multiple blockchains.
It supports transfers between Base and major blockchains like Ethereum, Solana, Avalanche, and Binance Smart Chain. The project saw impressive early success. It raised $200,000 on its first day and reached $1 million within a week.
Now, it has secured over $1.7 million during its presale. The DAWGZ token, initially priced at $0.00527, will be increased by 5% in 6 days. According to its whitepaper, Base Dawgz is launching a “Be Social for Airdrop” campaign, where users can create and share content on the project’s X channel to earn reward points.
These points can be exchanged for bonus DAWGZ tokens after the presale. Furthermore, Base Dawgz has a total token supply of 8,453,000,000 DAWGZ. The presale rewards early participants by gradually increasing the token price.
The tokenomics plan allocates the entire supply strategically to maximize impact, where 20% of the tokens will be available. Another 20% will go towards staking, and 20% will be reserved for liquidity. The remaining 40% will be divided between marketing (15%), community rewards (15%), and listings (10%).
In addition, DAWGZ aims to offer a new, engaging way for users to transfer assets across multiple blockchains, leveraging a viral marketing strategy and a well-thought-out tokenomics plan to support its growth and adoption.
5. Pendle (PENDLE)
Pendle is a DeFi platform that allows users to trade the future returns of their assets separately from the assets themselves. This means they can sell the expected interest or profit from an investment before it happens. Pendle’s system supports assets that lose value over time, making it easier to trade future returns.
Pendle has surged significantly, with its Total Value Locked (TVL) going from $200 million to about $6.5 billion. Since its launch, Pendle has handled over $20.8 billion in trades, offering different returns on various assets, like 4.02% on stETH, 21.3% on eETH, and 20.19% on rsETH.
Furthermore, the price of PENDLE has been rising steadily in recent months. The token’s price increased by 4.40% in one month, 82.22% in three months, and 349.35% in six months. It’s currently trading above the 200-day simple moving average, indicating strong market support. The protocol has high liquidity, reflecting a robust market cap.
Moreover, the number of active users of the Pendle platform is growing. While the token is currently in a weak bullish trend, it has potential for future growth. Pendle’s unique approach to trading future yields offers something new in the DeFi space. Its recent growth and increasing user base suggest a promising future.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
