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As Bitcoin and major altcoins face massive price fluctuations, certain altcoins are witnessing bullish trends, posting substantial upticks. These altcoins display hints of immense price rallies as they attempt to break through key resistance barriers. Therefore, some investors have moved to capitalize on these opportunities before they fade.
Several altcoins, especially Injective and Oasis Network, have seen their bulls trigger a bullish trend. These bullish trends have seen them give investors massive ROI, with more gain in sight. It has shown that these tokens are some of the best tokens investors can add to their watchlist.
6 Best Altcoin to Invest in Now
Investors have started to pay more attention to interoperability and tokenizing real-world assets like Centrifuge. The values of these altcoins are surging despite the market’s bearish sentiment. Our analysis today looks into why these tokens are rising while also analyzing Gnosis, ZetaChain, Kava, and LidoDAO.
Meanwhile, analysts are promoting the profitability of presale projects, touting WienerAI as a solid project to consider. The project’s flagship trading bot assists traders in making profitable trading decisions through its user-friendly platform. It enables users to identify perfect entry and exit points while trading cryptos.
1. Centrifuge (CFG)
Centrifuge is a decentralized platform that facilitates tokenizing real-world assets (RWA). The Ethereum-based protocol allows these RWAs to be used as collateral for borrowing cryptocurrencies by using smart contracts to manage the collateralization process. Moreover, these NFTs can be traded on the platform, allowing businesses to get liquidity by utilizing their assets as collateral.
Furthermore, the project leverages blockchain technology to develop unique NFTs that symbolize specific assets, such as purchases and invoice orders. If the token continues to build on its strong fundamentals and sustain the support of its committed crypto community, it has the potential to attain great heights in the future.
Meanwhile, the token has forged numerous partnerships with several DeFi platforms. One of the latest deals is its collaboration with MakerDAO to broaden its visibility and expand its utilities. Tinlake, a securitization platform, has integrated Centrifuge into its ecosystem. This strategic integration enables users to collateralize their assets and issue asset-backed tokens as collateral for loans.
Whether $16T (@BCG) or $2T (@McKinsey), the tokenization market is projected to reach the trillions by 2030.
McKinsey believes the market will grow at a 75% compound annual growth rate and that early adopters can:
• Capture oversized market share
• Enhance internal… pic.twitter.com/EJBHhZRWi6— Centrifuge (@centrifuge) June 20, 2024
The token trades at $0.4681 today, representing a 2.5% price increase in the last 24 hours. If the Centrifuge project continues to expand its collaborations with other networks, its price might surpass $1 before the end of 2024. Also, should the crypto market trend sustain its bullish sentiment, investors can expect the CFG to maintain an average price of approximately $0.83 by 2024.
2. Gnosis (GNO)
Gnosis simplifies the development process for developers building decentralized applications (dApps) on its permissionless and open platform. The platform is structured to empower developers with development kits to streamline building custom dApps. These unique features have attracted numerous developers who now use the platform, further driving up the adoption of the project.
Meanwhile, the bulls are on the verge of breaking through the resistance point in the token’s falling channel. This effort is yielding positive results as the token recently displayed signs of a price explosion to break its prolonged price decline. The daily chart reflects a solid overall uptick, suggesting a sustainable bullish trend.
GNO ignites a clear positive price trajectory as the consistent bullish trend continues. This trend is supported by increased trading activity and regular breakout events. As the altcoin continues a bullish week, investors wonder if the bulls can maintain hold to push the token above the $400 price.
Hello wise owls!
Check out the latest Gnosis Core Devs recording along with the notes.
• Erigon v3 on Gnosis
• Exciting plans to bring Reth to Gnosis!
• Planning to fork ethereum/tests https://t.co/K5O9ZDUKMV
• EIP-7002 and exploring better fee handling options for… pic.twitter.com/Tk9Fy9h9cK— Gnosis Chain 🦉 (@gnosischain) June 14, 2024
At the time of writing, GNO is exchanging hands at $325.10. This indicates a 2% price gain over the last 24 hours. The token has posted a 2.2% increase in the past seven days, nudging its market cap above $840 million. The team has announced that it aims to drive GNO’s market cap above the billion-dollar mark before June ends.
3. ZetaChain (ZETA)
ZetaChain is an innovative project built to enhance cross-chain interoperability and expand the utility of Bitcoin in DeFi. The company aims to assist developers in creating unique and valuable applications. It does this by integrating the efficiency of Ethereum’s smart contracts with the dependability of Bitcoin’s network.
Meanwhile, the team recently announced the launch of its latest product, UniSat, a wallet compatible with Bitcoin. UniSat allows dApp developers to effortlessly incorporate Bitcoin into their dApps on the ZetaChain platform. Consequently, the number of developers in the ecosystem has spiked, enhancing the platform’s growth, visibility, and adoption.
Furthermore, ZetaChain has displayed solid price movements over the previous 24 hours and 30 days. This stability reassures investors of its short-term and long-term profitably. Its dedication to interoperability and secure architecture has earned the support of a dedicated community in the cryptocurrency market. Also, its commitment to its users through ZetaChain Support has seen it retain and expand its user base.
🚀 Exciting News! 🚀
Now, you can interact with the @zetablockchain directly from @Kontosio.#ZetaChain, a pioneering L1 blockchain for chain abstraction, enables the creation of simple, secure, omnichain apps that span any chain from Ethereum and Cosmos to Bitcoin and beyond.… pic.twitter.com/tKdN7LXdw0
— Kontos (@Kontosio) June 18, 2024
Moreover, ZETA trades at $0.8675, indicating that it has increased by 69% over the past year. Furthermore, the token broke out of a recent decline to trade above its 200-day Simple Moving Average, signaling the end of a bearish trend. Also, investors are positive about the token, as demonstrated by a Fear & Greed Index of 74 (Greed), indicating a growing positivity for an upward trend.
4. Weiner AI (WAI)
Weiner AI is a unique project that incorporates the powerful features of AI with the virality of dog memes. The platform features several dog-themed elements, such as playful sausage meat memes and an AI trading bot. At the time of writing, the token has generated over $6 million in its ongoing presale.
Furthermore, the project’s flagship trading bot assists traders in making profitable trading decisions through its user-friendly platform. It enables users to identify perfect entry and exit points while trading cryptos. The platform also provides users with insightful market analysis and tips to boost their chances of profit.
Meanwhile, token holders can stake WAI to earn an APY of about 261%. The team has allocated a substantial 20% of WAI’s supply to staking, indicating that stakers can expect massive returns before the token is launched. Investors can buy WAI at a modest price during the presale. However, investors should join the presale now as the token’s price will increase soon.
We've just raised $6M 🌭🚀
Thank you to our incredible community! Get ready for more exciting adventures with this little Wiener 💥🐾 pic.twitter.com/O6AdG6xrhE
— WienerAI (@WienerDogAI) June 18, 2024
Therefore, Weiner AI distinguishes itself from other meme tokens through its distinct integration of meme virality with innovative Artificial Intelligence. This integration acts as a massive catalyst behind the project’s early success. WienerAI’s developers have also reiterated their commitment to improving its AI-powered trading bot to ensure profitability.
5. Lido DAO (LDAO)
Lido DAO recently generated market buzz after breaking out of a market slope. This breakout signaled the end of a protracted correction phase that began in May. The daily chart also revealed a breakout from an interesting channel pattern.
Moreover, the breakout is supported by a considerable surge in volume inflow and social sentiments. This uptick suggests increased demand for the token which may propel its price higher. Today, LDO is exchanging around the $2.23 mark, indicating a 16% increase over the previous week.
The token has triggered the beginning of a bullish reversal for Lido DAO, putting the bears in the back seat. The token further broke out of a falling parallel channel chart, denoting a switch into a positive territory. Meanwhile, the social dominance and social volume have climbed to a three-month high, signifying increased participation by community members and social media users.
Introducing Early Adoption for the Community Staking Module 🌐https://t.co/qSPkbrcCp2
This initiative will allow a set of independent operators to join CSM on mainnet prior to CSM opening to all, avoiding possible crowding out of capacity by large operators from Day 1.
— Lido (@LidoFinance) June 19, 2024
At the time of publication, the Relative Strength Index line was hovering above 56.84 points, indicating that the bulls were in charge. Also, LDO’s 14-day Simple Moving Average Average line was treading around 45.25 points, which shows that the token has more room for growth. Furthermore, a bullish crossover of the RSI and SMA lines has been formed, confirming a sustained bullish trend.
From a technical point of view, Lido DAO has broken out of a 200-day exponential moving average, giving signs a bullish reversal is on the horizon. On the higher side, if the bulls can push the token’s value above $2.50, it could break above the next $3.4 support level, reflecting a potential increase of almost 50%.
6. Kava (KAVA)
Kava is an innovative Layer-1 blockchain protocol. The project was built to integrate Ethereum’s development capabilities with Cosmos’s speed and interoperability. It optimizes protocol growth by employing Cosmos EVM technology.
Moreover, Kava offers flexible deployment, interoperability, and substantial on-chain incentives to Web3 developers. Its protocol enhances scalability, speed, security, and developer support. Increasing network activity and the potential growth of the KAVA Coin could drive prices higher.
Analysts predict that KAVA might reach a maximum of $2.18 by the end of the year. This prediction hinges on an average trading value of around $1.76. If the project meets its roadmap goals and the market remains bullish, it might surpass the value.
KAI ($KA1) is live 🧡
Claim on @KAVA_CHAIN:https://t.co/OUaFVsL9FI
Read our guide for the claiming process: https://t.co/QEBYli2KSk
If any questions come up, feel free to ask us on Discord or Telegram. Cheers! pic.twitter.com/vtv0So36Ey
— Eclipse Fi 🌘 (@Eclipsefi) June 20, 2024
Meanwhile, Kava has been structured to offer developers a seamless experience. It does this while maintaining high performance and efficiency. Despite the bearish market sentiment, Kava has shown resilience with a 0.70% increase in the last 24 hours. At the time of writing, the token was priced at $0.4696.
Furthermore, the Fear & Greed Index shows a value of 76, indicating extreme greed among investors. Additionally, KAVA boasts high liquidity relative to its market cap. The 14-day Relative Strength Index (RSI) is 38.84, suggesting that the token is currently neutral and may continue to trade sideways in the near term.
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