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Democratic presidential candidate Kamala Harris recently voiced her support for digital assets and artificial intelligence at a Wall Street event. She stressed the need for these technologies to grow while protecting investors and consumers. This marked her first positive comment on cryptocurrencies and sparked interest in the market.
Meanwhile, Bitcoin has surged by 1.80% to $65,000 in the past day. When Bitcoin performs well, it boosts confidence across the market, leading investors to explore other cryptocurrencies for potential investment opportunities.
Best Crypto to Buy Now
This article analyzes the best crypto to buy now, including Uniswap, Avalanche, and FLOKI. FLOKI has shown resilience in the market, as its price has been trending upward, indicating growing interest from investors. Similarly, AVAX has demonstrated strength in recent movements. Over the past 24 hours, it saw a 3.45% price increase, suggesting optimism around the platform’s upcoming upgrade. Meanwhile, the Pyth Network has introduced Oracle Integrity Staking (OIS).
1. FLOKI (FLOKI)
Floki emerged from the Shiba Inu community, inspired by Elon Musk’s Shiba Inu dog. While it started as a meme coin, the project aims to differentiate itself by combining meme culture with practical uses. The team behind Floki has a long-term goal of creating a decentralized and autonomous ecosystem.
Unlike many meme coins that rely mainly on social media buzz, Floki aims to create lasting value through real-world applications. This approach is meant to provide more stability and growth potential over time.
In recent market movements, FLOKI has shown resilience compared to other meme tokens. When Bitcoin performs well, it often leads to increased attention on alternative coins like Floki, boosting investor confidence. At press time, Floki’s price has been trending upward.
ANNOUNCEMENT: Earn from a Pool of $10,000 to Test Floki's Backup Trading Bot#Floki will soon be releasing backup trading bots designed to be used when our main Floki Trading Bot experiences slowdowns due to heavy traffic.
To ensure optimal performance on these bots, we would… pic.twitter.com/0SwYQADgbL
— FLOKI (@RealFlokiInu) September 26, 2024
It started at around $0.0001448 and has seen fluctuations, reaching as high as $0.0001724. It is currently trading near $0.0001687, signaling a strong bullish trend, with growing buying pressure pushing the price higher. The token currently trades above its 200-day simple moving average, which is generally a positive indicator of long-term momentum.
Furthermore, it has experienced 16 price gains out of the last 30 days, showing consistent upward movement. The market sentiment is currently bullish, indicating that investors are leaning toward optimism.
2. Pyth Network (PYTH)
Pyth Network has launched Oracle Integrity Staking (OIS), a new feature aimed at increasing accountability among data providers. This upgrade introduces staking rewards and a slashing system, both of which are designed to ensure the quality and reliability of real-time price feeds within the decentralized finance ecosystem.
Furthermore, Pyth aims to maintain high standards for its data accuracy across various decentralized platforms. In addition to this development, the network has announced a partnership with PropellerHeads, a new data provider joining the ecosystem.
PropellerHeads will contribute data to further Pyth’s goal of offering secure, real-time asset prices to developers in the Web3 space. This collaboration is part of the network’s ongoing effort to expand its data sources and strengthen its infrastructure.
The Pyth ecosystem is excited to welcome @PropellerSwap as a new data provider 🔮
PropellerHeads will contribute data to support Pyth’s mission of delivering reliable, secure, and real-time asset prices to Web3 developers everywhere.
Learn more about this partnership below: pic.twitter.com/OzTzsuGzrL
— Pyth Network 🔮 (@PythNetwork) September 26, 2024
The recent upgrades and partnerships have positively impacted the price of the PYTH token, which saw an intraday surge of 9.18%, reaching $0.3735 at the time of writing. Market sentiment surrounding the token remains optimistic, with the Fear & Greed Index displaying a score of 61, indicating a level of “greed” among traders.
Additionally, the token has experienced 17 green days in the past month and is currently trading near its cycle high. These developments position PYTH as a growing token in the DeFi sector.
3. Crypto All Stars (STARS)
Crypto All Stars has recently secured over $1.6 million in funding, demonstrating investor confidence and strong market interest. The project is built around a staking platform aimed at meme coin holders, who can stake their tokens in exchange for rewards in STARS, the native token of the project.
The project’s main goal is to create a single platform where popular meme coins, such as Dogecoin, Shiba Inu, and Floki Inu, can be staked. This offers holders a way to earn passive income while participating in the broader meme coin ecosystem.
Furthermore, Crypto All Stars focuses on simplifying the staking process, making it accessible to a wide range of users. Moreover, the platform features the MemeVault, which is central to the project’s mission of enhancing engagement among meme coin communities.
By offering a unified staking protocol, Crypto All Stars aims to foster greater interaction and collaboration among holders of different meme coins. As of the latest update, the STARS token is priced at $0.0014652. The project expects this value to rise as it gears up for additional funding rounds.
Visit Crypto All Stars Presale
4. Avalanche (AVAX)
AVAX has shown notable resilience in the market. Over the past 24 hours, it experienced a 3.45% price increase, suggesting positive sentiment surrounding the platform’s upcoming upgrade. The token is currently trading above its 200-day simple moving average.
In comparison to its initial token sale price, AVAX has performed positively, which is notable in a highly competitive market. Over the past 30 days, AVAX has recorded 18 green days, representing a 60% positive performance period. Additionally, the token benefits from high liquidity, supported by its substantial market capitalization, which can make trading AVAX more accessible and efficient for investors.
The Avalanche Foundation, which supports the growth and adoption of the Avalanche blockchain, recently announced a $40 million grant program. This initiative aims to attract developers to build layer-1 blockchains within the Avalanche ecosystem ahead of the anticipated Avalanche9000 upgrade. This strategic move could stimulate more development on the platform, potentially increasing user engagement and demand for AVAX.
Retro9000: Up to $40m in retroactive grants for Avalanche L1s 🔺
This new grant program aims to reward developers who contribute to the testnet and launch their project on mainnet, empowering developers to do what they do best–innovate and build.
More on Retro9000 👇 pic.twitter.com/qNXzosMV14
— Avalanche 🔺 (@avax) September 26, 2024
The growth in total value locked (TVL) within the Avalanche ecosystem further supports the positive outlook for AVAX. TVL measures the amount of assets held within decentralized applications on the network, and its increase signals higher user interaction with Avalanche’s blockchain. This trend often correlates with rising demand for the AVAX token, which may contribute to upward price momentum.
5. Uniswap (UNI)
Robinhood’s recent move to expand its cryptocurrency offerings for New York users includes the listing of Uniswap alongside Stellar and Tezos. This development has sparked renewed interest within the crypto community, leading to a notable increase in the price of these tokens.
Following the listing, UNI’s market sentiment experienced a significant boost, contributing to an intraday price surge. As of now, UNI is trading at $7.43, reflecting a 4.22% increase over the last 24 hours. The token benefits from high liquidity, supported by its sizable market capitalization.
Over the past 12 months, Uniswap’s decentralized exchange, particularly its V3 version, has strengthened its presence on Layer 2 scaling solutions. In September, Uniswap reported a remarkable threefold increase in trading volumes compared to the same period last year.
The platform processed $11.68 billion in swaps, up from $4.29 billion in September 2023, reflecting growing adoption and activity on the exchange. Furthermore, Uniswap’s roadmap includes the highly anticipated launch of V4 pools, which could potentially enhance the DEX’s efficiency and appeal.
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