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In recent developments within the cryptocurrency sector, the anticipated growth post-halving and post-Ether EFT approval has not unfolded as projected. This has led to a turbulent market phase. Furthermore, this period of downturn persisted until a recent assassination attempt on Donald Trump, which sparked a slight activity in the market.
Meanwhile, discovering profitable tokens often requires diligent research, as investor attention tends to gravitate towards already surging assets. Today’s article analyses the recent performance of the best altcoins to invest in today. The goal is to pinpoint tokens showing potential and provide insights for investors.
5 Best Altcoin To Invest In Today
Today’s article explores the performance of promising cryptocurrencies that investors should consider adding to their watchlists. It highlights Base Dawgz, a recent meme coin launch on the Base Network known for its unique multichain functionality, facilitating seamless interoperability across different blockchains.
Meanwhile, Pepe Unchained’s staking strategy has attracted numerous investors seeking lucrative opportunities to generate passive income. So far, Pepe Unchained has raised over $5.5 million in its ongoing presale in less than 2 months, showcasing considerable interest in the project. Potential investors are urged to join the project now at a modest cost of $0.0086649 before it increases tomorrow.
1. Lido DAO (LDO)
Since its launch on the Ethereum network two years ago, Lido DAO has changed how people stake their ETH tokens. Instead of the usual methods that tie up assets and need upkeep, Lido DAO has a different approach. It lets users turn their staked ETH into teeth, allowing them to use their assets on other blockchains.
The Lido DAO token saw a significant rise in January, hitting $3.7, a level not seen since March 2022. Though its price has decreased since then, it’s stayed above $1.5. This strength and predictions of hitting $4 by the end of Q3 have grabbed analysts’ attention.
With Lido DAO’s trading volume rising, many expect a rally soon. This growth potential makes Lido DAO stand out in the world of DeFi. The token has started a price recovery after experiencing a dip with its steady climb.
The Community Staking Module of @LidoFinance has recently launched on the Holesky testnet, and is already attracting many participants!
Did you know that you can easily run CSM validators on SSV with no hardware required, all while remaining fully Ethereum-aligned? 🤖 pic.twitter.com/N1KJFiB2hd
— SSV Network (@ssv_network) July 25, 2024
Today, LDO is priced at $1.60. In the past 24 hours, LDO has seen a 2% increase in price, and the market cap has grown by the same percentage, surpassing $1.5 million. Lido DAO Token is trading 1.78% above the 200-day SMA, which is $1.8667.
Although the sentiment for DAO’s price prediction is bearish, it’s noteworthy that the Fear & Greed Index, a crucial market sentiment indicator, sits at a score of 64 (Greed). This suggests growing optimism for an upward trend driven by increased token transactions. Such sentiment could influence Lido DAO’s market performance.
2. Base Dawgz (DAWGZ)
Base Dawgz is the latest meme project operating on the Base ecosystem. It provides an innovative multichain solution that expands blockchain interoperability. The platform has been built to foster interoperability across several blockchains, including Ethereum, Binance Smart Chain, Solana, and Avalanche.
The project tackles the issue of blockchain interoperability across multiple chains by leveraging advanced technologies like Wormhole and Portal Bridge. It enables investors to swiftly claim, store, and trade multiple tokens across several blockchain networks. This capability sets Base Dawgz apart in the crowded meme token market by addressing the typically isolated nature of blockchain ecosystems.
Meanwhile, the team has announced the launch of a “Be Social for Airdrop” initiative. This campaign is aimed at rewarding token holders for participating in the project’s activities on social media. Participants are rewarded with free tokens for creating and sharing content about the Base Dwagz. This approach fosters community involvement and promotes organic growth in the project’s visibility.
$2.7 MILLION$DAWGZ just keeps pushing and we don't let up 💪 pic.twitter.com/200LaSt3v0
— Base Dawgz (@BaseDawgz) July 26, 2024
Base Dawgz trades today at a presale price of $0.06725. The presale has already generated almost $2.7 million, reflecting robust investor interest in the multichain solution the project offers. Moreover, this early success highlights a rising demand for projects offering solutions to ensure flexible and multiple cross-chain functionalities.
3. Tellor (TRB)
Tellor is currently making waves in the crypto market. It has seen significant growth potential due to its unique technology. The token is also witnessing increasing adoption within DeFi projects. Investors view TRB as an attractive investment opportunity.
Tellor is a decentralized oracle network that delivers external data to blockchain-based applications, specifically those in decentralized finance (DeFi). Its purpose is to bring off-chain information onto the blockchain securely. This off-chain information enables smart contracts to access real-world data.
The current surge in Tellor’s value overlaps with heightened activity in large-scale crypto transactions involving TRB. Santiment noted a surge in active addresses and significant transactions, with active addresses rising from 131 on May 1 to 212 on May 6. Transactions over $100,000 grew, with 16 active addresses engaged in substantial investments.
Tellor has a cross chain contract call solution that's available now (fr) 🤙
It's a way to get some accurate data from one chain onto another using 100% open source code / actually decentralized immutable oracle protocols. No need to make off-chain agreements or bullstuff like… https://t.co/INQkSzZwlQ pic.twitter.com/uFzZiKXumH
— spuddy (@0xSpuddy) July 23, 2024
Meanwhile, TRB has surged approximately 4% to reach $73.30 in the past 24 hours. Also, Tellor’s Total Value Locked (TVL) exceeded $6 million on July 3, 2024. The current market cap of Tellor Crypto is around $200 million, with trading volume increasing by 3.98%.
The market behavior indicates strong investor interest in TRB, likely driven by its perceived profitability and solid market dynamics. This trend reflects the growing importance of decentralized oracle networks like Tellor in supporting the expanding DeFi ecosystem.
4. Catwifhat (CWIF)
Catwifhat posted an ATH value on March 1, 2024, when it reached an all-time high of $0.00000134. The token continues to deliver impressive ROI to its investors as it surged by over 150% over the last seven days. CWIF trades at $0.00000125 today, indicating a 10% price increase in the last 24 hours.
Moreover, the deflationary token made waves earlier this year after a massive 1.3 million airdrop. Catwifhat leverages Solana Token Extensions to make it deflationary further. Solano’s Token Extension allows the project to automatically burn 4% of all $CWIF tokens from every on-chain transaction.
Although CWIF posts a neutral 14-day RSI value of 52.70, analysts believe it can grow more. Metrics from Catwifhat’s technical analysis suggest that the token might break through its resistance level of $0.00000149. Alternatively, CWIF may move toward the nearest level, which is $0.00000138.
one small step for cat 🐈 https://t.co/80btlH9mNZ
— catwifhat $CWIF (@catwifhatsolana) July 26, 2024
Reaching this level could ignite a price boost to the $0.0000014 level. On the contrary, failing to break through the plunge, the token towards the support levels of $0.00000146. Notably, the strongest support level remains at $0.00000133.
Overall, CWIF’s technological advantage plays a crucial function in fueling user and investor adoption rates. Consequently, the increased adoption will ensure the demand and price of the token keep increasing. Furthermore, the growing integration of blockchain technology across various sectors allows $CWIF to expand its reach.
5. THORChain (RUNE)
THORChain has endured ups and downs but has stayed strong. Beyond its price changes, THORChain’s technology and projects like Project Surtr and Token Burn show it’s built for the long haul, offering value to investors.
Over the past week, the value of RUNE has shot up by an impressive 16%, making it one of the top performers in the crypto market. Currently priced at $4.75, THORChain has seen a 10.3% increase in the last 24 hours. A YTD increase of 407% and a 28,600% increase since its launch demonstrates the token’s solid performance. While market sentiment is neutral, there’s been an increase in token transactions, indicated by a Fear/Greed score of 64.
Additionally, THORChain has outpaced 87% of the top 100 crypto assets in the past year, showing its promise as an investment. Given its ongoing development and ecosystem, investors are optimistic about THORChain’s future in the DeFi space. With a fixed total supply and careful token distribution, THORChain is positioned as an industry leader, appealing to individual and institutional investors.
RUNEPool is set to launch as early as next week!
It's time to put your idle $RUNE to work.
In this 🧵, we will explore the demand for RUNEPool, specifically focusing on the $RUNE available in wallets for RUNEPool deposits. pic.twitter.com/XWOf6S1zyj
— Rayyyk (@rykcrypt) July 24, 2024
Despite fluctuations, THORChain’s resilience and positive performance indicators suggest it has room to grow. Investors and fans are watching THORChain closely as it continues to make waves in the crypto market.
6. Pepe Unchained (PEPU)
Pepe Unchained’s developers leveraged the versatility of Layer 2 blockchain technology and the success of the iconic Pepe meme to launch an innovative project in the meme coin market. Through this integration, Pepe Unchained aims to offer a seamless trading experience, reducing transaction costs and delays. This emphasis on efficiency has been well-received among crypto enthusiasts.
Furthermore, PEPU has been strategically built on the Ethereum blockchain to leverage Layer 2 technology, enabling faster and more affordable transactions. This positions the token as the first Pepe-themed token to operate on this blockchain layer. Additionally, the project provides a staking feature, enabling early investors to earn a substantial APY of approximately 350%.
Pepe Unchained’s staking strategy has attracted numerous investors seeking substantial opportunities to generate passive income. Also, the project staking mechanism makes it stand out amid an oversaturated meme coin market. Its focus on minimizing transaction costs and providing lucrative staking rewards positions it as a top contender among cryptocurrencies in this specialized market niche.
Unbelievable milestone! $5.5M raised! 🎉
Thanks to your unwavering support, Pepe Unchained is reaching new heights! pic.twitter.com/kKKn0fqy6g
— Pepe Unchained (@pepe_unchained) July 26, 2024
So far, Pepe Unchained has raised over $5.5 million in its ongoing presale in less than 2 months, showcasing considerable interest in the project. This initial achievement reflects robust investor confidence and suggests the potential for substantial returns. Potential investors are urged to join the project now at a modest cost of $0.0086649 before it increases tomorrow.
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