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After a week-long holiday, Chinese stocks have dropped following a government briefing that offered no new economic stimulus plans. This has led to the largest monthly drop in the MSCI APAC equity index.
U.S. equities also experienced a downturn, largely influenced by losses in major tech companies and heightened geopolitical tensions. The VIX index climbed to 22 points, indicating a rise in market volatility. In contrast, cryptocurrency volatility remained steady, with front-end implied volatilities at 43%. With the rising relevance of digital assets, investors are searching for affordable tokens, particularly the best altcoins to buy now.
5 Best Altcoins to Buy Now
OKB is priced at $42.47, marking a 1.58% increase over the last 24 hours. GateChain, a public blockchain, is designed to support digital asset transfers while prioritizing asset security. Binance has also announced the Scroll (SCR) listing on its Launchpool and Pre-Market platform.
Meanwhile, Flockerz ($FLOCK) introduces a novel concept to the meme coin space with its vote-to-earn model and decentralized governance structure. Maker (MKR) is trading at $1,415.01, up 0.88% in the past 24 hours. Additionally, crypto-focused super PACs are targeting key swing state races.
1. OKB (OKB)
OKB trades at $42.47, showing a 1.58% rise over the past 24 hours. Over the last 30 days, OKB has consistently performed well, with 21 out of 30 days closing higher than the opening price, reflecting a 70% success rate. Currently, the token is trading near its cycle high, suggesting strong market activity. As of October 8, 2024, the overall market sentiment remains bullish, backed by 23 technical indicators signaling positive momentum.
Looking ahead, OKB is expected to trade at around $42.52 on October 9, and the price will likely show modest growth in the coming days. By October 12, it could rise to $44.05, a 3.59% increase, and may climb further to $44.24 by October 13, marking a 4.04% gain.
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OKB is forecasted to fluctuate between $42.52 and $43.54 this week. By October 14, the price could rise by 2.40%, reaching the upper target of $43.54. Moving into next week, however, the outlook suggests a slight decline, with the price potentially dropping by 2.81% to $42.32 by October 21, 2024.
For the remainder of 2024, OKB is projected to trade within a broader range, from $40.21 to $56.86. If it reaches the upper target, the token could significantly increase 33.88%, reaching $56.86.
2. GateToken (GT)
GateChain is a public blockchain that facilitates digital asset transfers and focuses on asset security. Its native token, GateToken (GT), is used primarily for paying transaction fees and staking to validate transactions and secure the network in exchange for rewards.
GateChain provides an on-chain wallet, allowing users to manage their assets directly on the network without relying on third-party solutions. Additionally, the platform is integrated with the Ethereum Virtual Machine (EVM), simplifying the deployment of Ethereum-based smart contracts on its network.
As of today, GateToken is priced at $8.97, reflecting a 0.94% increase over the past 24 hours. Over the last year, its value has surged by 147%, outperforming 67% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. The token trades 115.65% above its 200-day simple moving average (SMA), currently $4.16. GateToken has seen a positive trend, with 23 green days in the last 30 days, marking 77% of the time. Its yearly inflation rate is -5.25%, suggesting a deflationary supply.
GateToken’s price is projected to rise by 2.26% to $9.04 by November 7, 2024. The current sentiment surrounding the token is bullish, with a neutral reading of 49 on the Fear & Greed Index. Given its consistent performance and moderate price volatility of 5.63% over the past month, GateToken may present a favorable investment opportunity.
3. BNB (BNB)
Binance recently announced the Scroll (SCR) listing on its Launchpool and Pre-Market platform. Users can lock BNB and FDUSD to receive SCR airdrops within two days. Scroll, an Ethereum zkEVM Layer 2 solution, marks Binance’s first Pre-Market project.
The total supply of SCR is set at 1 billion, with 5.5% allocated for Launchpool rewards. At the time of listing, the initial circulating supply will be 190 million SCR, representing 19% of the overall supply.
Binance Coin (BNB) is trading at $580.36, reflecting a 0.71% increase in the past 24 hours. Over the past year, BNB has risen 180%, outperforming 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. It is trading 9.09% above its 200-day simple moving average (SMA) of $532.14, indicating strong momentum.
Pleased to announce that BNB Chain is providing $50k in $BNB liquidity to $COCO. @cococoinbsc is the third memecoin to benefit from our Meme Heroes LP support! 🎉
Learn how your memecoin can receive this support as well! 👇https://t.co/B8eOmBVilK pic.twitter.com/Lji7PQ9c0P
— BNB Chain (@BNBCHAIN) October 8, 2024
BNB has shown consistent performance, with 19 green days in the last 30 days, equivalent to 63%, and displays high liquidity relative to its market cap. According to predictions, BNB’s price could rise by 21.22%, potentially reaching $696.57 by November 7, 2024. Current sentiment remains bullish, supported by a neutral Fear & Greed Index score of 49.
4. Flockerz ($FLOCK)
Flockerz ($FLOCK) brings a unique approach to the meme coin market through its vote-to-earn model and decentralized governance system, Flocktopia, a DAO (Decentralized Autonomous Organization). The project recently raised over $534,000 during its launch and distinguished itself in the presale space by combining community-driven decision-making with staking rewards. Branding itself as “The People’s Meme Coin,” Flockerz offers holders a chance to engage directly in governance and earn rewards for their participation.
The vote-to-earn system is a crucial aspect of Flockerz. $FLOCK holders, referred to as “The Flock,” can participate in project decisions via the Flocktopia DAO. This system allows token holders to propose, discuss, and vote on important matters, ensuring a decentralized decision-making process. Voters are rewarded with additional $FLOCK tokens, incentivizing active participation and aligning the community towards shared objectives.
Another notable feature is Flockerz’s staking model. Of the 12 billion $FLOCK tokens, 25% is reserved for staking rewards, offering an APY of 3453%. This structure encourages long-term holding, reducing the circulating supply and potentially contributing to the project’s stability.
The Flockerz presale is LIVE and flying high! We’ve already raised over $500K, and we’re just getting started 🚀🐦 pic.twitter.com/X8XWG5TQe7
— Flockerz (@FlockerzToken) October 7, 2024
Regarding token distribution, 20% of the total supply—equivalent to 2.4 billion $FLOCK tokens—has been allocated to the ongoing presale. Investors can buy $FLOCK at a presale price of $0.005724, although this will rise as the presale progresses to the next tier. The presale aims to provide early investors with potential advantages, though future price increases may limit these initial benefits.
Flockerz introduces a community-centered approach to the meme coin space, offering opportunities for both governance participation and staking rewards. Its decentralized framework and focus on engagement make it an intriguing option for those interested in the meme coin market.
5. Maker (MKR)
The current price of Maker (MKR) is $1,415.01, reflecting a 0.88% increase in the past 24 hours. Over the past year, the price has risen by 3%. Additionally, Maker has had 15 green days—50% of the last 30 days—where the daily closing price was higher than the opening price.
Looking at price predictions for the short term, Maker is expected to remain between $1,417.37 and $1,960.37 this week, with the potential to rise by 38.31% by October 14, 2024, if it reaches the upper price estimate. For the following week, forecasts suggest a range of $1,960.37 to $2,602.04, with a possible 32.73% increase by October 21, 2024, if the higher prediction holds.
In the longer term, Maker could trade between $1,417.37 and $4,181.71. Should MKR reach the higher end of this range, it would represent a 195.54% gain from its current price. These projections provide insights into short-term and year-end expectations, offering investors a wide range of potential outcomes.
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