Join Our Telegram channel to stay up to date on breaking news coverage
This article analyzes current market trends and identifies tokens with potential for investors aiming to take advantage of market opportunities.
Bitcoin has posted a weekly uptick amid the revival of the broader crypto market. This market revival and the confirmed Spot Ether ETF launch date of July 23 have further fueled market optimism. Consequently, market participants are searching for the top crypto to invest in right now.
Top Crypto to Invest in Right Now
Stacks recently integrated with BitGo to provide Bitcoin rewards through a process called “stacking.”, enabling BitGo users to earn Bitcoin rewards by utilizing sBTC on the Stacks network. Additionally, Uniswap Labs has launched a wallet browser extension for Google Chrome, enhancing its user offerings.
Meanwhile, the 99Bitcoins presale has garnered significant attention within the cryptocurrency community, raising over $2.4 million. Each 99BTC token is priced at $0.00114.
1. Stacks (STX)
Stacks has recently integrated with BitGo to offer Bitcoin rewards through “stacking.” This partnership allows BitGo users to earn Bitcoin rewards by using sBTC on the Stacks network. sBTC is a decentralized digital asset-backed 1:1 by BTC, meaning users can expand their BTC holdings without lending their underlying assets.
Furthermore, BitGo’s involvement as a Signer also plays a crucial role in maintaining blockchain consensus and block production on the Stacks network. This integration enhances Bitcoin functionalities, enabling advanced operations without compromising security or efficiency. Users can generate BTC rewards directly into their wallets, adding a new dimension to Bitcoin investment strategies.
In addition to this integration, Stacks has introduced a new game called Stacks Streets. This game offers a gamified experience with a prize pool of 10,000 $STX, aimed at introducing more people to the Stacks ecosystem. Players earn raffle tickets by completing sets of colored streets, which they collect by completing quests in various decentralized applications built on Stacks.
New: @BitGo Integrates Stacks L2 & Announces Support for sBTC
BitGo, a leader in digital asset financial services, has launched support for the Stacks L2, enhancing Bitcoin functionality with integrated delegate and solo stacking capabilities.
Learn more about the news 👇 1/4. pic.twitter.com/VYw4fpYG1v
— stacks.btc (@Stacks) July 18, 2024
Currently, the STX token shows a bullish trend. It established support at $1.5 and is approaching its next target of $2.78. As of today, the price of Stacks is $1.93, with a 24-hour trading volume of $96.28M.
This represents a 7.41% price increase in the last 24 hours and a 14.22% increase over the past seven days. The STX token’s recent price performance reflects the growing interest and potential in the Stacks network.
2. 99Bitcoins (99BTC)
The 99Bitcoins presale has drawn significant attention within the cryptocurrency community. This project focuses on creating an ecosystem dedicated to crypto education. According to the project’s whitepaper, holding 99Bitcoins tokens will provide access to premium courses, expert trading signals, community channels, and more.
It has raised over $2.4 million, with each 99BTC token priced at $0.00114. In addition to the presale, 99Bitcoins has launched a significant crypto airdrop, allowing participants to receive $99,000 worth of BTC throughout the campaign.
BIG NEWS! 🚀
Our $99BTC #Presale has just surpassed $2.4 MILLION! 🎉
This is your opportunity to join early and be part of something big. 👀
Get in on the action now!
👉 https://t.co/NXD7DAamqr#99Bitcoins #Cryptocurrency #L2E pic.twitter.com/Asqy4JcG1P— 99Bitcoins (@99BitcoinsHQ) July 15, 2024
Moreover, 99Bitcoins is pioneering the integration with BRC-20, an experimental token standard. This standard supports the development of decentralized applications (dApps) and digital assets directly on the Bitcoin network. Such integration enables token holders to benefit from Bitcoin’s robust security while exploring new applications.
Also, 99Bitcoins rewards learners with 99BTC for completing its courses. The platform also offers staking options, allowing users to stake their tokens and earn rewards even before the presale concludes.
3. Pyth Network (PYTH)
Pyth Network strives to connect traditional financial markets with blockchain technology by providing real-time, high-quality market data. This data is essential for dApps across various blockchains, improving the reliability and functionality of smart contracts in different financial sectors.
Moreover, Pyth Network has become a preferred choice for perpetual futures trading on several major blockchain networks. It has achieved a leading market share in this area on most of the networks where it operates. Notably, PYTH controls 100% of the perpetual futures trading volume on top networks such as Solana, Avalanche, Sui, Aptos, Fantom, Injective, and Ton.
In a recent collaboration, Pyth Network partnered with Tabi, a scalable blockchain that uses a proof-of-stake consensus mechanism and is fully compatible with the Ethereum Virtual Machine. Tabi has also integrated Pyth’s secure on-chain randomness source, “Entropy.” This integration allows Tabi to support a wider range of dApps and enhances the user experience.
Let the games begin on Tabichain with Entropy 🎲@Tabichain is a scalable Proof-of-Stake blockchain, fully compatible with the Ethereum Virtual Machine (EVM) and has integrated Entropy, Pyth’s reliable and secure source of on-chain randomness.
Learn more about our deployment… pic.twitter.com/tcxqAmeYPr
— Pyth Network 🔮 (@PythNetwork) July 17, 2024
Recently, PYTH has experienced a surge coinciding with the recent developments in its ecosystem, trading at $0.362 with an intraday increase of 6.35%. The market sentiment around the token is bullish, with investors and analysts showing optimism. The 14-day Relative Strength Index (RSI) is 51.94, indicating that the cryptocurrency is neutral and may trade sideways.
Pyth Network’s success stems from its innovative approach and the trust it has gained within the blockchain community. By providing a permissionless and easy-to-implement oracle solution with a wide range of price feeds, Pyth has established itself as the top crypto to invest in right now.
4. Alephium (ALPH)
Alephium aims to enhance the security and flexibility of digital asset management. Through its Rhône upgrade, the platform introduced the Asset Permission System (APS), marking a significant improvement in secure asset transfer and management within the blockchain space.
Integrating with Alephium’s programming language Ralph, APS allows predefined asset flows within smart contracts. This design enhances security by specifying how assets are managed and transferred, reducing risks like those seen in Ethereum’s EVM token approval system, which has been exploited. By establishing asset flows at the code level, APS prevents unauthorized transfers, offering a robust defense against asset theft.
Furthermore, the Alephium token is changing hands at $1.92 at press time, with a 24-hour market cap of $161 million. The price of ALPH has increased by 74.3% in the last 24 hours. The current sentiment for Alephium’s price prediction is bullish, and the Fear & Greed Index scores 74 (Greed).
The token trades above the 200-day simple moving average and is near its cycle high, indicating a strong market position. Furthermore, Alephium’s high liquidity, based on its market cap, makes it a reliable and noteworthy option for investors.
5. Uniswap (UNI)
Uniswap is designed to facilitate automated decentralized finance token trading. Its primary goal is to keep token trading automated and accessible to users holding tokens, enhancing trading efficiency compared to traditional exchanges.
Recently, Uniswap Labs launched a wallet browser extension for Google Chrome. During this period, more than 793,000 users joined the waitlist. This new tool enables Uniswap wallet users to conduct on-chain activities, such as token swaps, across 11 networks.
This addition expands Uniswap’s offerings, including the leading decentralized exchange with $2.4 billion daily trading volume and $5.6 billion in total value locked. With nearly a million users now able to access this new storage solution, Uniswap Labs strengthens its position in the competitive crypto storage and trading market.
Say goodbye to pop-ups. And hello to the sidebar.
Uniswap Extension is now available for everyone 🦄 pic.twitter.com/Fm1upbwBtH
— Uniswap Labs 🦄 (@Uniswap) July 16, 2024
Moreover, this development has increased global interest in the UNI token, which saw an intraday surge of about 1.94%, trading at $7.91. The token currently trades 49.70% above its 200-day Simple Moving Average (SMA) of $5.28.
The 14-day Relative Strength Index is 34.94, indicating that UNI is currently neutral and may experience an upward trend. It has high liquidity based on its market cap, making it a significant token in the crypto market.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
