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The SEC has approved Bitcoin ETF options for trading on the NYSE, offering more regulated access to Bitcoin, especially for institutional investors. This move allows cross-margining with assets like GLD and SPY, improving capital efficiency. The added liquidity from ETF options could drive Bitcoin’s value higher, with analysts predicting a possible rise beyond its current all-time high.
This development has also sparked interest in the broader crypto market, with many investors now exploring the top crypto to invest in right now, including altcoins that could benefit from Bitcoin’s upward trend.
Top Crypto to Invest in Right Now
Worldcoin recently launched World App 3.0, calling it a “super app for humans.” Meanwhile, EGLD is priced at $26.93, showing a 3.60% rise in the past 24 hours. In addition, VET’s recent price trends highlight its growing importance in enterprise blockchain adoption. The token has hit new monthly highs during this market cycle.
1. Worldcoin (WLD)
Worldcoin recently introduced World App 3.0, branding it as a “super app for humans.” The announcement came at a dedicated event in San Francisco hosted by the project’s co-founders. This latest version of the app includes new features like Mini Apps, which combine a user’s World ID, contacts, and wallet into one streamlined platform. The integration of these functions simplifies the user experience by centralizing identity verification and asset management.
The app’s design is meant to scale with the World Network, allowing for future growth and adaptation. Users can access World App 3.0 via the Google Play Store and Apple’s App Store, making it widely available.
Several notable platforms support this launch, including Optimism, Alchemy, Uniswap, Safe, Dune Analytics, and Etherscan. Additionally, World Chain will incorporate World ID into its framework, giving verified users prioritized access to blockchain space.
Introducing World App 3.0, the super app for humans. Now featuring Mini Apps. pic.twitter.com/Db8GYXBg4n
— World (@worldcoin) October 17, 2024
The positive reception of this launch has contributed to a rally in Worldcoin’s price, with the token currently trading at $2.47 after experiencing a 12.62% intraday surge. As market sentiment turns bullish in Q4, analysts anticipate further price movements for Worldcoin, with optimism growing around the project’s future.
Currently, the sentiment around Worldcoin remains bullish, with a Fear & Greed Index reading of 72, indicating “Greed.” This metric suggests strong investor confidence but also highlights the potential for volatility as the market responds to positive developments and external factors.
2. FreeDum Fighters (DUM)
FreeDum Fighters is a blockchain project that combines political satire and cryptocurrency, using a storytelling approach. It centers around two main characters, with one, “MAGATRON,” modeled after former U.S. President Donald Trump.
MAGATRON is portrayed as a super-intelligent, freedom-focused anarchist who sees the government as an obstacle to individual freedom. The project uses this character to create a narrative around fighting for liberty.
The project’s native token, DUM, operates on the Ethereum blockchain as an ERC-20 token. It’s a proof-of-stake (PoS) asset, meaning holders can stake their tokens to earn returns over time. This staking model offers potential passive income for participants, which may attract users interested in generating gains without active trading.
In addition to staking, the project plans to integrate multiple use cases as the political storyline progresses. These include features like airdrops and debates, aiming to encourage political engagement on social media. Another planned feature is the hosting of simulated presidential elections within the blockchain ecosystem, giving users a unique way to participate in the narrative.
Congrats to MURICA!
We raised $100K in just a few hours 💰 pic.twitter.com/fqJdTaT9II
— FreeDum Fighters (@Freedum_Fighter) October 17, 2024
Furthermore, FreeDum Fighters presents itself as a community-driven project that could gain attention during the upcoming U.S. presidential election. It blends blockchain technology with social and political engagement in a creative way, which could resonate with some users. The project has already raised over $114,000 during its presale, with each token priced at $0.00005.
Visit FreeDum Fighters Presale
3. MultiversX (EGLD)
MultiversX is a blockchain protocol designed to scale efficiently by using sharding across three main areas: network, transaction, and state. The project focuses on creating a broader ecosystem that includes decentralized finance (DeFi), real-world assets, and the Metaverse.
Furthermore, MultiversX claims its platform can handle up to 100,000 transactions per second, with a 6-second latency and a transaction cost of $0.002. These features aim to provide a fast and low-cost solution for decentralized applications and financial systems that need high transaction volumes.
Currently, EGLD is priced at $26.93, showing a 3.60% increase in the last 24 hours. Its market capitalization is $739.62 million, with a daily trading volume of $12.39 million. The token has performed positively on 17 out of the last 30 days, indicating some stability. Its volume-to-market cap ratio of 0.0336 suggests it has decent liquidity for its size.
Crypto needs hyper-scalability.
MultiversX brings that.Showed up strong at @mergemadrid 🇪🇸 https://t.co/JyTaP6yE8N
— Multiversᕽ (@MultiversX) October 14, 2024
The community sentiment for the project is largely favorable, with 86% of 2,970 votes showing positive feedback. MultiversX is predicted to rise by 32.53% over the next month, potentially reaching $36.01 by November, though such predictions are subject to market conditions and other variables.
4. Sei (SEI)
Sei has been gaining significant traction, with the number of daily active wallets showing rapid growth. This increased interest may stem from its emphasis on speed and efficiency. Sei’s infrastructure is built to process transactions quickly, which allows users to trade and manage their digital assets with ease.
Another contributing factor to Sei’s popularity is its community. The project has focused on fostering an inviting space for developers and users alike. This inclusive environment has helped attract more participants to the network.
On the technical side, Sei uses a distinctive consensus mechanism that secures the network while speeding up transaction processing. This design makes the platform capable of handling high transaction volumes efficiently, which in turn has led to an increase in wallet creation.
A big welcome to @SuperVerse, joining the Sei ecosystem to redefine crypto gaming.
SuperVerse connects the largest web3 community to the best crypto games, bringing a network of passionate partners and players to Sei's parallelized EVM.
A new era of web3 gaming is here. https://t.co/Pwox85C8WW
— Sei 🔴💨 (@SeiNetwork) October 18, 2024
In the past three months, the number of daily active addresses on Sei has reached 57,526, representing a 1,231.91% increase. Daily transaction volume has also climbed to 4.45 million, up by 491%. These statistics reflect the growing interest in Sei’s ability to deliver high-performance blockchain solutions that are appealing to traders and developers.
In addition, SuperVerse, a web3 gaming network, has joined Sei’s ecosystem. This integration brings a larger community of gamers and partners to Sei’s parallelized Ethereum Virtual Machine (EVM), indicating further expansion in the blockchain gaming sector.
5. VeChain (VET)
VeChain is a blockchain platform focused on providing smart contract solutions for enterprise supply chains. Its native token, VET, is among the top 50 by market capitalization, which suggests notable adoption. VeChain assigns unique IDs and sensors to products, allowing detailed tracking through the supply chain.
This feature helps verify product authenticity and manage recalls in industries like fashion, food, and automotive. The platform has established partnerships with companies like PwC, Walmart China, and BMW, demonstrating its real-world use. As more businesses recognize the benefits of decentralized solutions, VeChain’s utility continues to grow.
Our vision for the future is a world powered by you.
The Better ecosystem is a lifestyle platform, boasting intelligent apps that create value from your day-to-day activities.
From coffee to electric vehicles to your 10k daily steps, VeBetter is unlocking mass user adoption. pic.twitter.com/G1YjX5BJ3u
— VeChain (@vechainofficial) October 15, 2024
Furthermore, VET’s recent price movements reflect its increasing role in enterprise blockchain adoption. The token has reached new monthly highs during the current market cycle.
VeChain’s price is currently $0.02326, with a 1.92% increase in the past 24 hours. Over the last year, its price has risen by 40%. In the past 30 days, there have been 15 green days, signaling positive market activity. The 14-day Relative Strength Index (RSI) stands at 53.73, indicating neutral conditions with potential sideways trading in the near term.
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