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Coinbase’s head recently emphasized the significant opportunities of combining the crypto industry with artificial intelligence. Similarly, major exchange Bitget is preparing to list Hamster Kombat’s native token, HMSTR, to broaden the project’s global reach.
Ripple Labs, a key player in blockchain solutions for cross-border payments, has highlighted how local banks can turn global payment challenges into growth opportunities for small and medium-sized enterprises (SMEs). These developments have contributed to a positive outlook among investors. Here are the five best altcoins to buy now for those looking to capitalize on this optimism.
5 Best Altcoins to Buy Now
Market prices have experienced fluctuations ahead of the upcoming Federal Reserve meeting, with fear continuing to influence market sentiment. Gala Games has partnered with Coinflow, enabling users to utilize Google Pay and Apple Pay as payment options on its platform.
The recent integration of Ethereum Name Service (ENS) with Venmo and PayPal will simplify cryptocurrency transfers for over 270 million U.S. users. Bitstamp has also introduced MultiversX (EGLD) to its trading platform, allowing users to trade the cryptocurrency. Additionally, Memebet’s presale is gaining momentum due to its unique combination of online gambling and cryptocurrency. Meanwhile, MicroStrategy’s Michael Saylor predicts Bitcoin could hit $13 million by 2045.
1. Immutable (IMX)
Market prices fluctuated in reaction to the upcoming Federal Reserve meeting, with market sentiment still leaning towards fear. However, Immutable X’s (IMX) market trend stood out, with investors considering it for portfolio addition. IMX saw a 17.7% rise earlier today, marking its highest value since August 31. This represents a 60% jump from its lowest point in August.
The surge in IMX coincided with a 125% spike in total NFT sales within its ecosystem over the past 24 hours, largely driven by Guild of Guardians Heroes sales, which rose 145% to $647,067. Despite this short-term boost, Immutable X’s NFT sales have declined over the past few months, with a 33% drop in sales and a 31% reduction in buyers over the last 30 days.
Immutable 🤝 @SunSpearGames
A strategic partnership with the makers of the highly anticipated real-time strategy title, IMMORTAL: @GatesofPyre to extend their game to the next generation of players.
With a global team creating some of the most popular mods on Skyrim and… pic.twitter.com/umSGLqLr2G
— Immutable (@Immutable) September 16, 2024
IMX trades at $1.43 during press time, reflecting a 15.7% increase over the previous day. Year-to-date (YTD), IMX has risen by 167%, outperforming 77% of the top 100 cryptocurrencies. The coin also saw 15 positive daily closes in the last 30 days, indicating a fairly liquid market.
2. Gala (GALA)
Gala Games has recently announced a collaboration with Coinflow, introducing Google Pay and Apple Pay as new payment options within its platform. This partnership enhances user convenience by integrating familiar and widely used payment methods. By offering these options, Gala Games aims to make its ecosystem more accessible, improving the overall user experience when managing and engaging with digital assets on GalaChain.
The current price of GALA stands at $0.017782, reflecting a 3.27% increase over the past 24 hours. Over the last year, the token has risen by 22%, with 15 “green days” (days where the closing price exceeded the opening price) in the last 30 days, which is about 50% of the time. The asset also shows strong liquidity relative to its market capitalization.
Regarding future price projections, GALA is expected to rise by 229% to reach $0.058607 by October 2024. In the short term, predictions for this week suggest the token could trade between $0.017814 and $0.024889 by September 23, 2024, representing a potential increase of up to 39.72%. For next week, the forecast places GALA’s price between $0.024889 and $0.02886, suggesting a 15.95% potential rise by September 30, 2024.
New update! 📰 Seamlessly exchange tokens, manage wallets and develop dApps with our integrated Web3 wallet.
No GalaChain account needed!
🌐 #Web3 #GalaSwap #BlockchainRevolutionhttps://t.co/q2LtbRjYSC
— Gala Games (@GoGalaGames) September 17, 2024
For 2024, GALA is predicted to fluctuate between $0.017814 and $0.08445, with a possible increase of 374.66% if it reaches the upper target. These projections indicate a positive outlook, though they depend on market conditions and other factors that may influence the token’s performance.
3. Ethereum Name Service (ENS)
The recent integration of Ethereum Name Service (ENS) with Venmo and PayPal is expected to enhance the ease of cryptocurrency transfers for over 270 million U.S. users. With this integration, users can now send tokens using ENS names like “your name.” eth, replacing the need for complex wallet addresses of lengthy letters and numbers. This change is intended to reduce errors and streamline transactions.
Ethereum Name Service trades at $16.83, reflecting a 2.39% increase over the last 24 hours. Over the past year, ENS has seen a significant 121% price rise, outperforming 63% of the top 100 crypto assets. The token trades 87.17% above its 200-day simple moving average of $8.99. Furthermore, ENS has experienced 15 green days out of the last 30, suggesting stable liquidity based on its market capitalization.
🚀 We’re thrilled to announce that @ensdomains is now supported on @PayPal & @Venmo!
This new feature brings the power of ENS to millions, making crypto transfers easier and more secure than ever—starting in the USA.🌐 pic.twitter.com/9hsrhRqEAp
— ens.eth (@ensdomains) September 10, 2024
Moreover, the price of ENS is projected to fluctuate between $16.58 and $21.55 for the week ending September 23, 2024, with a potential 29.95% increase to $21.55. For the following week, forecasts suggest a further price range between $21.55 and $25.42, indicating a potential 17.95% rise by September 30, 2024.
4. MultiversX (EGLD)
Bitstamp recently added MultiversX (EGLD) to its trading platform, allowing users to trade the cryptocurrency. MultiversX, previously known as Elrond, is a blockchain ecosystem designed for the next-generation internet. Its smart contracts platform can process up to 15,000 transactions per second with a latency of 5 seconds and a low transaction cost of $0.001. The network focuses on financial technology, decentralized finance (DeFi), and the Internet of Things (IoT).
The Maiar app, developed by MultiversX, offers an accessible introduction to blockchain technology. It features a user-friendly interface, enhanced security, and a gamified experience that progressively unlocks more advanced features.
MultiversX (EGLD) is priced at $26.29, reflecting a 5.33% increase over the past 24 hours and a 1% rise over the last year. The cryptocurrency has shown strong liquidity relative to its market cap. EGLD experienced 17 days of positive price performance, where the closing price exceeded the opening price in the past 30 days, accounting for 57% of this period.
Web3 can be great, as a truly unified ecosystem of dApps and networks.#SovereignChains will make it happen. pic.twitter.com/2rsT5mqB1O
— MultiversX | Sovereign Chains (@MultiversX) September 17, 2024
Meanwhile, current predictions suggest a potential 29.45% price increase, with the token expected to reach $32.93 by October 18, 2024. Short-term forecasts for the upcoming days indicate relatively stable performance, with slight fluctuations. For example, the price will remain at $25.43 on September 19, 2024, followed by a minor rise to $25.55 and $26.55 over the next two days.
5. Memebet ($MEMEBET)
Memebet’s presale is gaining traction due to its online gambling and cryptocurrency blend. It specifically caters to crypto traders and gambling enthusiasts, especially those already engaged with meme coins. The platform’s primary feature, the “Memebet Casino,” allows users to place bets on various games using meme tokens. A notable aspect of Memebet is its lack of KYC requirements, enabling users to link their crypto wallets through Telegram to start betting simply.
In addition to casino games, Memebet offers a global sportsbook covering popular leagues such as the EPL and NBA. The platform seeks to capitalize on the intersection of crypto gambling and meme coin trading, aiming to attract Telegram’s substantial user base, particularly meme coin traders. This approach could help Memebet tap into the relatively small but growing crypto casino sector.
Fill your bags or sink.
Buy now 👇 https://t.co/cY4p8PqXzg pic.twitter.com/c0sXK0xriQ
— MemeBet (@Memebetcasino) September 11, 2024
While still in its early stages, Memebet offers several incentives, including P2E airdrops and rewards for active traders. VIP benefits are available to users who invest in the platform’s native token, $MEMEBET, currently priced at $0.0252. With the token price set to rise soon and the project raising over $249,000 to date, there are early signs of interest in the platform.
In summary, although Memebet is still developing, it combines crypto gambling with meme coin trading, potentially appealing to users seeking new forms of entertainment as both sectors grow.
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