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This article explores tokens that hold promising potential for traders seeking investment opportunities. We analyze a range of digital assets demonstrating growth and profitability potential.
Six Ether ETF applicants have filed updated S-1 forms suggesting impending approval by the SEC. This development could drive increased institutional investments in Ethereum and the broader crypto market. Moreover, this news comes in a week when the U.S. Consumer Price Index (CPI) report is expected to be weak, potentially benefiting risk assets like cryptocurrencies, particularly altcoins. In light of this, traders are looking for the best crypto to buy right now.
Best Crypto to Buy Right Now
Jupiter has recently launched the Active Staking Rewards (ASR) program, enabling users to claim additional rewards on their current stakes. Meanwhile, PlayDoge has garnered significant investor interest, surpassing $5.5 million in its presale. Additionally, Sei is gaining attention among market participants as a promising altcoin in the cryptocurrency realm, currently valued at $0.3047 with an intraday surge of 13.47%.
1. Jupiter (JUP)
At the time of writing, Jupiter is priced at $0.7763, surging by 13.02% in the last 24 hours. The market sentiment surrounding the token is bullish, with 16 green days observed in the past 30 days.
JUP trades significantly above its 200-day Simple Moving Average (SMA) of $0.003332, marking a 23,184.35% increase. This token acts as a governance token, giving community members the power to participate in decision-making processes on the Jupiter platform.
Recently, Jupiter introduced the Active Staking Rewards (ASR) program, allowing users to claim rewards added to their existing stakes. Reward tokens include JUP, ZEUS, UPT, SHARK, and WEN, with JUP being automatically staked to boost voting power.
The ASR program aims to reward active participants with JUP tokens, increase overall platform participation, and ensure simplicity in attracting new users. Additionally, Jupiter has launched a new memecoin dApp called Ape.
You can now claim your ASR rewards!https://t.co/LOCSp7xZgT
As a reminder, the JUP will be added to your stake. If you are currently unstaking, you have to cancel your stake or wait for it to be completed before claiming.
The rest of the tokens (ZEUS, UPT, SHARK, WEN) can be…
— Jupiter 🪐 (@JupiterExchange) July 6, 2024
This platform lets users mint and trade APE memecoins while farming JUP airdrops. Ape offers features like a secure vault, a rug-checker for coins, and support for various coins from Orca, Raydium, and Meteora.
Furthermore, the dApp optimizes trades by dynamically adjusting slippage and retrying transactions if needed. Ape provides real-time monitoring of new tokens and early purchase opportunities, which could lead to higher returns. Its built-in tools, such as the rug-checker, ensure secure transactions.
2. Sei (SEI)
Sei is attracting the attention of market participants as a promising altcoin in the cryptocurrency space. It offers faster transactions and improved scalability. Despite the recent market dip, historical patterns suggest such drops often precede significant altcoin rallies.
Furthermore, SEI trades between $0.22 and $0.32, showing resilience against broader market bearish trends. Over the past week and month, the coin has seen a significant drop. However, its 14-day Relative Strength Index (RSI) of 48.79 indicates a neutral position, suggesting it may trade sideways. Currently, Sei is valued at $0.3047, with an intraday surge of 13.47%.
The market sentiment for Sei is bullish, with investors and traders having a positive outlook on its future price movements. The token boasts high liquidity based on its market cap. Sei’s strong fundamentals make it an attractive option in the current market cycle, offering potential for investors.
This week has been phenomenal as Sei v2's momentum reaches new heights, hitting an all-time high in TVL and seeing numerous new deployments.
The Sei community continues to drive impressive growth.
Here's a roundup of the latest updates👇Feature Updates and Campaigns:
— Sei 🔴💨 (@SeiNetwork) July 5, 2024
If Sei breaks its nearest resistance at $0.39, it could climb to $0.50, indicating a potential gain of around 80% from its current lower range. This potential upside and positive market outlook make Sei the best crypto to buy right now before the upcoming altcoin season.
3. Celestia (TIA)
Celestia has experienced an 11.57% increase over the past 24 hours, with its price hitting $6.13. This upswing is mainly due to positive trader sentiment and increased market activity. Traders are accumulating TIA, recognizing its potential in the modular blockchain space.
Recent research highlights growing interest in modular blockchains, boosting the project’s appeal. Analysts have observed an 88% rise in open interest on Bybit, indicating significant trading activity in TIA perpetual futures contracts.
They also emphasize the early stages of modular blockchain development and its potential for broader user adoption and enhanced developer skills. The nearest resistance level of the token is $7.34. If TIA breaks through this level, it could climb to $9.49.
Moreover, the 10-day moving average is slightly above the 100-day average, suggesting possible upward momentum. Additionally, the 14-day Relative Strength Index (RSI) at 50.74 indicates buying interest. Despite the recent price increase, TIA is still about 70% below its all-time high (ATH).
This significant drop and strong project fundamentals have led some traders to predict a potential market reversal. Analysts believe that if the broader crypto market gains strength, TIA might continue its upward trend.
4. PlayDoge (PLAY)
PlayDoge is rapidly capturing investor attention, surpassing $5.5 million in its presale. The presale has performed remarkably well, with the token now priced at $0.00517. The success of the presale coincides with the positive market sentiment surrounding meme coins.
Furthermore, the project features a play-to-earn (P2E) game inspired by the 1990s virtual pet, Tamagotchi. Users care for digital pets by feeding, resting, and entertaining them, earning PLAY tokens as a reward. This model incentivizes engagement, enhancing the token’s value.
PlayDoge’s adaptability is evident in its availability on Google Play and the Apple Store. Initially launched on the BNB Smart Chain, PLAY has strategically bridged to Ethereum. This move offers investors a choice between the low fees of BSC and the robust decentralization of Ethereum.
Furthermore, PLAY‘s blend of nostalgic appeal, multichain functionality, and community engagement strategies makes it a significant token to consider. The ongoing presale success and strategic initiatives indicate a promising future for the project, placing it among the best crypto to buy right now.
5. Bonk (BONK)
Initially facing a bearish trend, BONK found support stabilizing at an intra-day low of $0.00002. BONK’s recent price increase can be attributed to an announcement made by BONK DAO on X, revealing a proposal to burn 84 billion BONK tokens, valued at $2 million, from its Treasury.
The proposal to reduce the token supply significantly boosted investor sentiment. This development increased market capitalization by 24.77%, reaching $1.77 billion.
Market analysts noted a 151.63% increase in trading volume, hitting $516.43 million. This surge indicates renewed investor interest post-announcement. Although the proposal awaits final approval through a community vote, its immediate impact on market dynamics is evident.
According to CoinMarketCap, the token is up 13.04% intraday and currently trades at $0.000026. It is trading above the 200-day simple moving average and has experienced 15 green days in the last 30 days.
As the proposal is approved, market observers remain optimistic about BONK’s potential to retest its March all-time high of $0.00004704 despite being 49% below that level. The strategic token burn by BONK’s Treasury has bolstered investor confidence and market capitalization, showcasing strong bullish momentum and potential for further gains.
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