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The cryptocurrency market has seen a slight pullback, with the global market cap at $2.93 trillion—a 2.00% decline over the past day. However, trading activity has surged, as the 24-hour market volume rose 29.11% to $186.39 billion. Meanwhile, stablecoins dominate transactions, contributing $177.67 billion or 95.32% of the total volume.
Bitcoin’s market dominance has dipped to 60.10%, reflecting a 0.96% decrease. This shift suggests increased interest in altcoins as traders seek new opportunities. Some investors may see the market dip as a buying opportunity, anticipating potential gains from strategic investments. This article highlights some of the best cryptocurrencies to invest in right now, including HyperLiquid, Sui, and Bonk. Each offers unique value propositions, from innovative blockchain technology to strong market momentum.
Best Cryptocurrencies to Invest in Right Now
HyperLiquid has launched HyperEVM on its Layer-1 blockchain, designed to enhance smart contract functionality. Meanwhile, Sui is trading 3.67% above its 200-day simple moving average of $2.92, indicating upward momentum. Meme Index has gained early traction, securing over $3.8 million in its presale and seeing 169 million tokens staked on the platform.
1. Hyperliquid (HYPE)
HyperLiquid has introduced HyperEVM on its Layer-1 blockchain, aiming to improve innovative contract capabilities while keeping its low-latency trading experience. The update seeks to make HyperLiquid a more comprehensive financial platform in the decentralized finance (DeFi) sector.
Hyper Foundation announced the launch on February 18, highlighting that HyperEVM integrates directly with the Layer-1 state. Unlike traditional Ethereum-compatible networks that rely on separate validation layers, HyperEVM operates without external verification.
It benefits from HyperBFT consensus, which enhances security and allows seamless interaction between the platform’s core components and smart contracts. The market has responded with a price increase.
The HyperEVM is live. This is a major step toward the vision of housing all finance by bringing general-purpose programmability to Hyperliquid’s performant financial system. The initial mainnet release of the HyperEVM includes:
1. HyperEVM blocks built as part of L1 execution,… pic.twitter.com/sleqk1N7T5
— Hyper Foundation (@HyperFND) February 18, 2025
HyperLiquid’s token is currently trading at $20.81, reflecting a 4.73% rise in the last 24 hours. It is near its recent high of $21.09. Volatility remains low at 6% over the past 30 days. Projections suggest a potential price increase of 229.18%, estimating the token to reach $67.35 by March.
The upgrade positions HyperLiquid as a competitor in DeFi, aiming to balance efficient trading with expanded smart contract functionality. The system may improve transaction speeds and security by eliminating extra validation layers.
2. Sui (SUI)
Sui is a layer-1 blockchain designed for scalability, security, and efficiency. It introduces an object-centric data model and uses the Move programming language to address common blockchain inefficiencies. This structure aims to improve transaction processing and overall network performance.
Furthermore, Sui’s unique approach to Maximum Extractable Value (MEV) refers to the additional value miners or validators can gain by reordering or including transactions in a specific way. Sui’s framework seeks to balance MEV by prioritizing transaction protection, increasing transparency, encouraging fair competition, and ensuring that MEV benefits the broader ecosystem rather than just a few participants.
From a market perspective, Sui is changing hands at 3.67% above its 200-day simple moving average of $2.92, suggesting positive momentum. The 14-day Relative Strength Index (RSI) is 52.69, indicating neutral market conditions. Predictions suggest SUI could experience significant growth, with forecasts estimating a price increase to $9.50 within a month.
3. Bonk (BONK)
Bonk is a dog-themed cryptocurrency on the Solana blockchain, introduced as a community-driven project. Launched on December 30, 2022, it aims to increase liquidity for Solana-based decentralized exchanges (DEXs). Unlike traditional cryptocurrencies, Bonk was distributed with 50% of its total supply airdropped to the Solana community. This approach mirrors other meme coins like Dogecoin and Shiba Inu.
Following its launch, Bonk contributed to a 34% increase in the price of Solana’s native token (SOL) within 48 hours. The token is integrated into various Solana-based decentralized applications (dApps), allowing broader participation in the ecosystem. The development team envisions a fair distribution model, making Bonk accessible to many users.
There are now over 888,888 $BONK holders on chain❗️❗️❗️
The biggest community on Solana🐾
The Dog is happy to see it pic.twitter.com/zy9S2pWEke
— BONK!!! (@bonk_inu) February 23, 2025
Currently, Bonk is trading at $0.000013, with a 24-hour trading volume of $179.78 million and a market capitalization of $1.04 billion. The token’s price increased by 5.8% in the last 24 hours, reflecting market activity. The 24-hour volume surged by 7.49%, indicating strong trading interest.
Furthermore, Bonk is trading significantly above its 200-day simple moving average (SMA) and near its cycle high, suggesting a positive long-term trend. The 14-day Relative Strength Index (RSI) is 65.85, indicating neutral market conditions. Analysts predict Bonk could reach $0.00004589 by March, though market volatility remains a factor.
4. Polkadot (DOT)
Polkadot is an open-source blockchain network designed to connect multiple specialized blockchains. It allows different blockchains to communicate and share data, not just tokens, making it more flexible and useful for building a decentralized internet.
The current price of Polkadot (DOT) is $4.73, with a 24-hour trading volume of $950.65 million. Its market cap is $7.29 billion, giving it a market dominance of 0.25%. Over the past day, DOT’s price has increased by 7.03%.
Moreover, the token maintains strong liquidity, reflected in its 24-hour volume-to-market cap ratio of 0.1305. Technical indicators show a 14-day Relative Strength Index (RSI) of 57.40, which suggests a neutral market stance, meaning DOT could trade sideways in the short term.
Polkadot SDK 🤝 Native Ethereum Compatibility
What this means: Substrate chains now have seamless compatibility with popular Ethereum tools via @0xBlockDeep's Epico solution. https://t.co/a82TTPGmZ0
— Polkadot (@Polkadot) February 25, 2025
Its 30-day volatility is relatively low at 10%, indicating price stability compared to more volatile assets. Polkadot’s primary innovation is blockchain interoperability, allowing seamless data transfer between blockchains. This capability has positioned DOT among the best cryptocurrencies to invest in right now.
5. Meme Index (MEMEX)
Meme Index (MEMEX) introduces a structured way to invest in meme coins through a decentralized index fund. Instead of picking individual meme coins, investors can gain exposure to a diversified portfolio, reducing risk while maintaining potential rewards. The platform organizes meme coins into four baskets, ranging from low to ultra-high volatility, allowing users to choose their preferred risk level.
The project’s native token, MEMEX, plays a central role in its ecosystem. Token holders can stake their MEMEX to earn passive income, with an advertised annual percentage yield (APY) of up to 591%. A portion of the total token supply is allocated to long-term staking rewards.
Additionally, the platform incorporates governance features, enabling token holders to propose and vote on changes, such as adding new tokens to the index. This decentralized model gives the community influence over key decisions.
Meme Index aims to be an alternative to direct meme coin investments, which are often highly volatile and speculative. It also seeks to provide a more structured approach to navigating the meme coin market by grouping these assets into index funds. With over $3.8 million raised in its presale and 169 million tokens already staked, Meme Index has attracted early interest.
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