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Cryptocurrency traders constantly seek out the top-performing coins to purchase each day, and this article highlights some with high potential.
With an anticipated bull market on the corner, the significant increase in some altcoins suggests that investors are diversifying their portfolios. During this consolidation phase, investors should remain vigilant as it presents an opportunity to invest in a potential upward trend. This allows investors to take positions in promising tokens such as Beam, VeChain, and WEMIX.
Best Cryptocurrencies to Invest in Right Now
This article examines several tokens investors should monitor and possibly add to their portfolios for potential returns. Among these, Mantle recently partnered with Arkham to integrate AI-driven blockchain analytics into its platform.
Furthermore, Base Dawgz achieved a notable milestone by surpassing $2 million shortly after its Initial Coin Offering (ICO). Additionally, VET has partnered with Concordium to improve transparency within the food supply chain.
1. Beam (BEAM)
Beam is a gaming network driven by the Merit Circle DAO. The BEAM network aims to create a collaborative ecosystem to advance the gaming industry. The platform achieves this by connecting developers and players to co-create the future of gaming.
Furthermore, Beam focuses on eliminating user data mismanagement by offering a platform for safe and reliable transactions. With features like private stablecoins, NFTs, AMMs (automated market makers), and future developments like lending, oracles, sidechains, and wrapped assets, Beam offers a platform for safe and reliable transactions.
Its blockchain technology ensures that user addresses remain confidential, empowering users with full control over their privacy. Since the first week of this month, BEAM has experienced a constant decline, dropping over 35%. Nonetheless, the token has recovered at the time of writing, increasing by over 3.30%, reversing the previous week’s losses.
2. VeChain (VET)
VeChain improves supply chain management and business processes. Its technology aims to increase efficiency and transparency, making it a valuable tool for enterprises. Furthermore, the platform is currently gearing up for the mainnet launch of VeBetterDAO, with final preparations in progress.
The team is completing the last round of voting on the testnet and manually claiming the remaining testnet rewards. The final snapshot of all testnet activities has been taken ahead of the VeChainThor (VTHO) mainnet deployment scheduled for June 28. In this context, VeChain has paused the VeBetterDAO testnet from June 23 to June 28, allowing for a smooth transition and deployment of the new system.
Additionally, VET recently partnered with Concordium to enhance transparency in the food supply chain. This partnership aims to improve consumer trust by enhancing food traceability, verifying authenticity, and ensuring ethical sourcing. Moreover, the integration leverages Concordium’s Proof-of-Stake consensus mechanism, which complies with regulatory standards, and VeChain’s expertise in supply chain management.
With just 4 days to go before The HiVe Summit and the VeBetterDAO mainnet launch, we want to hear from you 🫵
What does sustainability mean to you? Tell us in the comments section 💬👇 pic.twitter.com/IMBepEuNBQ
— VeChain (@vechainofficial) June 25, 2024
It further aims to improve data collection and traceability in the food industry, potentially revolutionizing how consumers interact with the food supply chain. At the time of writing, the VET token is priced at $0.02613, with an intraday increase of 1.83% and a 0.10% surge last week.
Market trends and the inventive partnership with Concordium suggest a potential price increase to $0.03, contingent on continued community support. The upcoming VeChainThor mainnet launch and VeBetterDAO developments are crucial milestones that could drive further growth and adoption.
3. Mantle (MNT)
Mantle Network is a Layer 2 technology stack designed for scaling Ethereum. This network aims to maintain compatibility with the Ethereum Virtual Machine, which is essential for executing smart contracts on the Ethereum blockchain.
Its modular architecture is a standout feature, dividing transaction execution, data availability, and transaction finality into separate modules. Moreover, each module can be upgraded independently, allowing the network to incorporate new advancements efficiently.
The Mantle Ecosystem benefits from a broad network of established partners and collaborators, providing comprehensive support for projects from their inception to infrastructure support and market entry strategies. Additionally, the ecosystem fosters innovation through the Mantle Grants Program and the Mantle EcoFund, a $200 million capital pool designed to support the next generation of developers and builders.
Mantle has gained attention for its notable staking returns, which have actively engaged investors. Recently, the token experienced a modest intraday price increase of 2.48%, contributing to a market cap of $2,528,174,816.
Investor sentiment around Mantle appears bullish, reflecting strong confidence in its prospects. Also, the 14-day Relative Strength Index (RSI) is 63.96, suggesting the token is currently neutral and may trade sideways.
🤝 Bringing the power of AI blockchain analytics to our users through our latest alliance with @ArkhamIntel!
Explore Arkham’s top-tier tools like Visualizer, Tracer, Alerts, and Dashboards on our network for the first time ever.
Discover more: https://t.co/txgM2eD3fJ pic.twitter.com/O1HYvgbHJG
— Mantle (@0xMantle) June 19, 2024
In a significant development, Mantle recently partnered with Arkham to enhance its platform with AI-driven blockchain analytics. This partnership integrates Arkham’s advanced analytics tools, providing extensive on-chain and off-chain data insights.
The aim is to empower users with detailed analytics on real-world entities that affect market dynamics. Arkham’s real-time data integration will give Mantle’s community and decentralized applications access to actionable insights, improving user experience and decision-making within the network.
4. Base Dawgz (DAWGZ)
Base Dawgz has recently hit a significant milestone, surpassing $2 million within a few weeks of its Initial Coin Offering (ICO). The presale began robustly, raising $200,000 on the first day and quickly exceeding $2 million in three weeks. Currently, the token is priced at $0.00527, indicating a steady increase in value. Investors have about five days before the next scheduled price increase.
🪂 2.1 MILLION 🐕
LFG $DAWGZ! pic.twitter.com/6VaaCciU9E
— Base Dawgz (@BaseDawgz) June 25, 2024
Combining base jumping with meme culture, Base Dawgz creates an engaging concept that has caught the attention of investors. This unique blend positions it well within the competitive meme coin market. Furthermore, the platform features a multi-chain ecosystem.
The token operates on the Base platform and integrates advanced technologies like the Wormhole and Portal Bridge protocols, enabling cross-chain compatibility. Users can buy and trade DAWGZ across multiple blockchains, including Binance Chain, Ethereum, Solana, Avalanche, and Base.
Moreover, Base Dawgz’s multi-chain functionality is a significant advantage. It allows the token to support decentralized applications (dApps) from various blockchains, broadening the ecosystem’s utility. This versatility offers a more comprehensive use case for the DAWGZ community. Supporting multiple blockchains also enables traders to diversify their portfolios, reducing the risk of relying on a single chain.
5. WEMIX (WEMIX)
The WEMIX token recently saw a significant price jump of 21.19% in just 24 hours, making it one of the top-performing altcoins. The platform is a decentralized blockchain protocol designed to be experience-based, platform-driven, and service-oriented.
It supports various Web 3.0 platforms and is compatible with the Ethereum Virtual Machine (EVM). Furthermore, WEMIX uses the Stake-based Proof of Authority (SPoA) consensus mechanism for high performance and security.
Several key platforms drive the growth of the WEMIX ecosystem. The ecosystem supports several platforms, including WEMIX Play, a gaming platform, and NILE, a community platform operating on Decentralized Autonomous Organization (DAO) principles.
It further supports WEMIX.Fi, which provides decentralized finance (DeFi) services, while WEMIX$ focuses on stablecoin protocols. The ecosystem also includes a non-custodial WEMIX Wallet, allowing users to control their private keys fully.
Within the WEMIX mega-ecosystem, the WEMIX coin serves as a medium of exchange and is used to pay gas fees. Over the past week, the coin’s price increased by 28.31%, and it has seen an 89% rise over the past year.
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