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5 Best Altcoins to Invest In Now July 8 – Hivemapper, Subsquid, BinaryX

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Hivemapper
Hivemapper

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Last week, the cryptocurrency market saw a downturn with Bitcoin dropping below the $60,000 mark and Ethereum also falling below $3,000. This trend impacted numerous top cryptocurrencies and intensified losses among altcoins. However, amidst this volatility, certain altcoins have emerged as the best altcoins to invest in today.

However, discovering these tokens often requires diligent research, as investor attention tends to gravitate towards already surging assets. Today’s article analyses the recent performance of cryptocurrencies that have topped the gainers list in the past 24 hours. The goal is to pinpoint tokens showing potential and provide insights for investors. 

5 Best Altcoin To Invest In Today

Today’s article explores the performance of promising cryptocurrencies that investors should consider adding to their watchlists. It highlights Base Dawgz, a recent meme coin launch on the Base Network known for its unique multichain functionality, facilitating seamless interoperability across different blockchains.

Meanwhile, Pepe Unchained’s staking strategy has attracted numerous investors seeking lucrative opportunities to generate passive income. So far, Pepe Unchained has raised over $2.7 million in its ongoing presale in less than 25 days, showcasing considerable interest in the project. Potential investors are urged to join the project now at a modest cost of $0.0083253 before it increases tomorrow. 

1. BinaryX (BNX)

BinaryX was launched as a decentralized derivative trading platform but soon evolved into a GameFi platform as GameFi and Metaverse games became popular. The team began building decentralized video games with plans to expand the project into a self-sufficient GameFi platform. Currently, BinaryX has rolled out innovative IGO services that Web2 developers can leverage to port to Web3.

Meanwhile, BNX’s RSI is approaching the mid-point range after a substantial improvement from the underbought zone. Also, the average trendline suggests that bullish convergence might be triggered this week. Although this implies that the token price movement might fluctuate, however, if BNX maintains its bullish momentum, it might soon retest its upper resistance point of $0.050. 

BinaryX price chart

Today, BNX’s price stands at $1.20, marking a 4% rise over the past 24 hours. Despite trading below the 200-day SMA of $0.879, BNX has seen 17 green days in the last 30 days to demonstrate its resilience. Its Relative strength index is around the 49 mark, indicating that it might trade sideways. 

BNX boasts strong fundamentals and enjoys support from a dedicated crypto community, positioning it for substantial future growth. Should the BNX project announce collaborations with other networks, the coin’s price could potentially surpass $2 by 2024. However, if the market experiences bearish trends, the price of BNX could fall to its lower support level of $0.032.

2. Base Dawgz (DAWGZ)

Base Dawgz is the latest meme project operating on the Base ecosystem. It provides an innovative multichain solution that expands blockchain interoperability. The platform has been built to foster interoperability across several blockchains, including Ethereum, Binance Smart Chain, Solana, and Avalanche. 

The project tackles the issue of blockchain interoperability across multiple chains by leveraging advanced technologies like Wormhole and Portal Bridge. It enables investors to swiftly claim, store, and trade multiple tokens across several blockchain networks. This capability sets Base Dawgz apart in the crowded meme token market by addressing the typically isolated nature of blockchain ecosystems.

Meanwhile, the team has announced the launch of a “Be Social for Airdrop” initiative. This campaign is aimed at rewarding token holders for participating in the project’s activities on social media. Participants are rewarded with free tokens for creating and sharing content about the Base Dwagz. This approach fosters community involvement and promotes organic growth in the project’s visibility.

Base Dawgz tweet

Base Dawgz trades today at a presale price of $0.0581. The presale has already generated almost $2.4 million, reflecting robust investor interest in the multichain solution the project offers. Moreover, this early success highlights a rising demand for projects offering solutions to ensure flexible and multiple cross-chain functionalities.

Visit the Base Dawgz Presale

3. Pepe Unchained (PEPU)

Pepe Unchained’s developers leveraged the versatility of Layer 2 blockchain technology and the success of the iconic Pepe meme to launch an innovative project in the meme coin market. Through this integration, Pepe Unchained aims to offer a seamless trading experience, reducing transaction costs and delays. This emphasis on efficiency has been well-received among crypto enthusiasts. 

Furthermore, PEPU has been strategically built on the Ethereum blockchain to leverage Layer 2 technology, enabling faster and more affordable transactions. This positions the token as the first Pepe-themed token to operate on this blockchain layer. Additionally, the project provides a staking feature, enabling early investors to earn a substantial APY of approximately 735%.

Pepe Unchained’s staking strategy has attracted numerous investors seeking substantial opportunities to generate passive income. Also, the project staking mechanism makes it stand out amid an oversaturated meme coin market. Its focus on minimizing transaction costs and providing lucrative staking rewards positions it as a top contender among cryptocurrencies in this specialized market niche.

So far, Pepe Unchained has raised over $2.7 million in its ongoing presale in less than 25 days, showcasing considerable interest in the project. This initial achievement reflects robust investor confidence and suggests the potential for substantial returns. Potential investors are urged to join the project now at a modest cost of $0.0083253 before it increases tomorrow. 

Visit Pepe Unchained Presale

4. Hivemapper (HONEY)

Last week, HONEY posted a substantial gain of over 50% in a single day despite other cryptocurrencies suffering a significant downturn. Although the token has since shed some of its value, it still trades 2% higher than its value last week to trade at $0.05721. The trading activity of the token demonstrates its potential for increase this week amid the bearish sentiment that has plagued the crypto market since last week. 

This prediction is based on Hivemapper’s unique positioning among the Decentralized Public Infrastructure (DePIN) sector. The project receives mapping data from drivers who use Hivemapper dashcams in their cars. As these users drive, they map the roads and are rewarded with free tokens. The demand for mapping specific roads determines the amount of tokens each user gets. 

 

Furthermore, users and volunteers who verify the mapping data provided are also rewarded with HONEY tokens. The recent uptick in the token’s value is due in part to the recent increase in  Hivemapper’s mapped routes. To date, the platform has mapped almost 13.9 million different kilometers. It has also set an ambitious goal to surpass Google Maps, which boasts nearly a billion monthly active users.

The decentralized mapping network shows signs that it will maintain its impressive performance from the previous week. It currently trades above the 200-day Simple Moving Average to reflect a potential for long-term performance. The Relative Strength hovers in the overbought region to indicate the bulls are in charge. If the token maintains its current bullish momentum, it could finish the week at $0.086.

5. Subsquid (SQD)

Subsquid Network provides a decentralized data lake and query engine, granting developers efficient and permissionless access to data. With a mission to foster a neutral and open internet rooted in Web3 principles, the platform stands out by utilizing ZK proofs for enhanced security. Its modular architecture is designed to offer high scalability and convenience, catering to the evolving needs of developers.

Subsquid has been set up as an ideal platform for blockchain indexing, building dApp, and analytics. Furthermore, it offers a decentralized alternative to traditional centralized infrastructure providers, such as major RPC and API services. Its economic model is built with the long-term goal of reducing data costs for Web3 developers.

Subsquid price chart

Furthermore, Subsquid features several products, one of them, the Subsquid SDK streamlines data integration. Guru Data Warehouse, on the other hand, aggregates data streams for AI processors. These products are aimed at offering decentralized AI-driven automation solutions for gaming,  DeFi, social applications, and infrastructure management.

As of today, SQD is exchanging hands at $0.1146, denoting a 0.72% increase in the last 24 hours. Technical analysis reveals that the bulls are in charge and could push the token past its resistance level of $0.234. Should the token smash this barrier, it might reach the $0.463 mark this week.  

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