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In recent developments within the crypto market, the anticipated growth post-Ether ETF approval has not taken off as predicted. This has caused a bumpy market situation. Furthermore, whale activities have snapped this period of mixed signals, sparking a slight uptick in the market.
Meanwhile, Bitcoin’s price modestly rose to $67,991.40 as the Federal Reserve assesses techniques against continuous inflation in the United States. The spotlight has shifted to altcoins such as BNB, Fetch ai, Monero, and Dogwifhat, each showing varied performances as the new trading day commences.
5 Best Altcoin to Invest in Now
The cryptocurrency market is showing mixed signals. While some altcoins are experiencing gains, others face trading downturns. Therefore, investors are advised to closely watch market trends and trading volumes to make informed decisions.
Dogwifhat has increased by 7% in the last seven days. A markedly lower market cap than Dogecoin indicates that $WIF could experience more significant price surges when the meme coin bull run resumes. Meanwhile, Fetch.ai has announced a partnership deal with the popular blockchain Chainlink.
1. Fetch.ai (FET)
In a recent development, Fetch.ai has announced a partnership deal with the popular blockchain Chainlink. The collaboration will see Fetch.ai’s AI agents employ Chainlink’s solid Oracle networks to access distinct real-world data. This partnership unlocks new utilities, including DeFi and supply chain management.
Furthermore, Fetch.ai’s BlockAgent, a blockchain monitoring tool, reinforces its reputation in the Web3 market. It enables users to monitor real-time blockchain activities, fostering strategic deployment and improving observability across numerous chains, facilitating informed decision-making.
The token’s value has risen considerably in the last 24 hours, increasing by $0.50% to $2.12. This increase was triggered following analysts’ prediction of a positive trend in June. Notably, the recent uptick positions it among the top gainers this week.
Fetch.ai’s high market capitalization reflects high market liquidity. Investors are also bullish about the tokens. Meanwhile, the Fear & Greed Index is 72, and analysts predict Fetch.ai’s price may increase to $5 by the end of the year.
2. BNB (BNB)
Investors’ sentiment regarding BNB is bullish. This market sentiment is supported by a Fear and Greed sentiment leaning towards extreme Greed. The token is priced at $598.22, indicating a 0.29% price gain in the previous 24 hours. Its 14-day Relative Strength Index shows a neutral position and may trade sideways.
BNB trades above its 200-day Simple Moving Average of $430.54, indicating a 40% shift. The token has posted a positive performance irelative to its ICO. Moreover, the team has integrated the project with several third-party apps and wallets in a bid to strengthen its use cases.
BNB was launched on the Ethereum network but migrated to the Binance Chain. The utility token enables payments on the Binance exchange and provides several platform services. It allows users to participate in token sales via Binance Launchpad, allowing them to buy new tokens.
New projects on BNB Chain this week 🏆👇 https://t.co/onJ0MWCa38
— BNB Chain (@BNBCHAIN) June 2, 2024
Meanwhile, users can enter new blockchain projects launched on Binance. Multiple third-party apps and wallets also support the token. This unique utility offers users numerous ways to store and use their tokens.
3. Monero (XMR)
Recent news causing excitement among investors is Monero’s development. The project announced that Cypher Stack will conduct an extensive review of its network. This review covers Monero’s network proofs, enabling efficient implementation of FCMP and enhancing the network’s privacy.
The Monero price chart indicates that XMR price action has commenced a bullish rally. This vital position is boosted as the price moves towards the $155.00 key level. The token’s Fear and Greed Index registers 75, indicating Greed.
Monero price target recently confirmed a bullish breakout from a Channel Down pattern. This breakout indicates a potential upward movement this week. The breakout is further demonstrated as the token revisits its key resistance levels. The token trades at $152.54, suggesting a 3.57% increase in the last 24 hours.
We're excited to share that, as part of the effort to develop and implement Full-Chain Membership Proofs (FCMP), Cypher Stack will conduct an extensive review of the various proofs required for a seamless protocol upgrade in the future!https://t.co/kThk8wMC6J https://t.co/nSYPNYnAhM
— Monero (XMR) (@monero) May 20, 2024
Consequently, investors are taking advantage of these patterns as the token leapfrogs the next resistance level and moving averages. Meanwhile, the short-term and medium-term trends for Monero prices are up. These metrics imply positive signals for investors contemplating immediate gains and long-term standpoints.
4. Dogwifhat (WIF)
Dogwifhat draws notable interest from investors, especially large-scale investors known as whales. The token has demonstrated a substantial increase in price since its launch. Strategic whale activity has propelled the uptick, with massive investments yielding significant returns.
The Solano-based meme token has seen its market value reach $3.18. This price was boosted by an upward trend in its trading volume, which has soared by 33.68%. The token has increased 6.37% over the last seven days and 1783.46% since its launch.
Meanwhile, the token’s price recently rose to test a resistance of $3.47. The price further consolidated at $3.15 to hold on to a crucial support zone at $3.16. Analysts project a potential rise toward the $4.00 point if the support holds.
Furthermore, WIF recently broke out of a tumbling triangle pattern. This pattern is known for lower highs but stable lows, indicating a consolidation phase. Generally, this implies bearish sentiments. However, the upward escape at just over $3.00 has resisted these expectations.
5. Mega Dice (DICE)
Mega Dice is an established casino that aims to transform GameFi. This token rewards current users and attracts new ones, playing a crucial role in Mega Dice’s gamification plan. Remarkably, Mega Dice plans to become the pioneer in crypto casinos, offering daily rewards based on platform performance.
Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice (DICE), a gaming and gambling token swiftly gaining popularity since its presale commenced. In less than two weeks, Mega Dice has raised over $900,000, indicating significant interest in this novel concept.
The Mega Dice presale has been remarkably successful thus far. The project has achieved a substantial funding milestone, demonstrating a strong demand for its token. Due to their accessibility and limited availability, people are keen to acquire $DICE tokens.
At present, each $DICE token is priced at $0.075. Those interested can link their wallets and swap SOL, ETH, or BNB for $DICE tokens. Mega Dice has sold over 19 million $DICE to date.
Uncover ancient treasures and spin your way to BIG wins with our #NewGame release #TombOfGold by @ThePlayngo at Mega Dice Casino! 🏺
Ready for an adventure? 😏
🔗 https://t.co/fawORyTnCC pic.twitter.com/J5UahgvUgc
— Mega Dice Casino (@megadice) June 1, 2024
Meanwhile, they have allocated 15% for player airdrops, 15% for liquidity pools, and 15% for the Casino’s $DICE pool. Another 10% will serve as rewards for token stakers, and the remaining 10% is earmarked for marketing and other agreements.
Mega Dice ensures that the presale is inclusive. Post-presale, they aim to list $DICE tokens on decentralized exchanges (DEXs), potentially enhancing their popularity.
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