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Bitwise, a prominent digital asset management firm, has stepped up its efforts to secure approval from the SEC for a spot Solana exchange-traded fund (ETF) by filing for a statutory trust for the proposed SOL ETF.
At the same time, the price of Solana is approaching its all-time high of $260. As of the latest data, SOL is priced at $230.96, reflecting an 11.19% decline from its peak. According to CoinMarketCap, Solana has a market capitalization of $110 billion, positioning it as the fourth-largest cryptocurrency by value. With other altcoins printing price rallies, investors are searching for the best altcoins to invest in today.
5 Best Altcoins To Invest In Today
Bittensor (TAO) is a central component of a decentralized AI ecosystem created by the Digital Currency Group (DCG). Filecoin (FIL) is currently valued at $4.45, reflecting a 2.23% increase in the past 24 hours. Maker (MKR) is priced at $1,540.14, marking a 2.05% rise over the same period.
Pepe Unchained (PEPU) has raised over $40 million in its presale, with daily investments surpassing $1 million. EOS is priced at $0.642836, showing a slight increase of 0.26% over the last 24 hours. Bitcoin has recently surged to a new high, surpassing $94,000.
1. Bittensor (TAO)
Bittensor (TAO) operates at the center of a decentralized AI ecosystem developed by the Digital Currency Group (DCG). Under Barry Silbert’s leadership, DCG has recently expanded its focus to include decentralized artificial intelligence. The group plans to incubate and develop businesses that leverage decentralized AI through its new venture, Yuma. The Bittensor network incentivizes users to contribute computing power and data for tasks such as text translation, data storage, and protein structure prediction.
TAO is currently priced at 468.03, with a daily change of 2.28%. The token has a market capitalization of 3.45 billion and a fully diluted valuation of 9.83 billion. Its circulating supply is 7.38 million tokens, while the maximum supply is capped at 21 million.
Bittensor’s growth over the past year has been noteworthy. The price has increased by 85%, outperforming 53% of the top 100 crypto assets in the same period. Additionally, it is trading 282.06% above its 200-day simple moving average of 122.07. However, despite its strong performance, current price predictions for TAO are bearish.
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— Openτensor Foundaτion (@opentensor) November 9, 2024
Market sentiment around the token reflects mixed signals. While the Fear & Greed Index shows “Extreme Greed” at 82, indicating strong market interest, bearish forecasts suggest potential price corrections. Predictions for December 2024 indicate that TAO may trade between 1,601.05 and 2,271.45, with an average price of 1,985.22. If these projections hold, investors could see a return on investment of up to 386.66%. TAO demonstrates high liquidity for its market capitalization, supported by a 24-hour trading volume of 338.70 million. This volume-to-market cap ratio stands at 9.71%.
2. Optimism (OP)
Optimism (OP) is currently priced at $2.08, showing a 19.58% increase in the last 24 hours. This price rise has contributed to a market cap of $2.59 billion and a trading volume of $857.19 million. The fully diluted valuation (FDV) stands at $8.85 billion, with a total supply of 4.29 billion OP, the maximum supply.
Over the past year, Optimism has gained 22%, and it is now trading at 30.09% above the 200-day simple moving average (SMA) of $1.60. This suggests a relatively strong market performance. At present, the sentiment around Optimism is bullish. The Fear & Greed Index is at 82, indicating extreme greed. Given this, there are expectations for further price growth.
In November 2024, predictions indicate a possible price increase to $3.39. The price could range between $1.70 and $5.85 for the month. If these predictions come true, investors could see a potential return of 178.23% based on current prices. Moving into December 2024, Optimism’s price is expected to range from $5.73 to $8.15. The average monthly price may reach $7.12, suggesting a potential return of 287.51% for investors.
3. Maker (MKR)
Maker (MKR) is currently valued at 1,540.14, showing a 2.05% increase over the last 24 hours. Over the past year, its price has risen by 5%. The Fear & Greed Index stands at 82, reflecting “Extreme Greed” in the market. This suggests growing investor confidence. Additionally, the token shows high liquidity, which is consistent with its market capitalization.
November forecasts point to a potential price increase, with predictions suggesting a rise to 2,359. The estimated trading range for the month is between 1,472.47 and 2,759.40. This range is likely influenced by market performance from the previous month. If prices reach the higher end of the range, investors could gain up to 79.18%. This assumes they buy at the current price and sell at the predicted peak.
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— Sky (@SkyEcosystem) November 20, 2024
By December, the token is expected to trade within a broader range of 2,610.72 to 4,098.78. Analysts predict an average price of 3,561.04 by the end of the year. This would represent an increase of approximately 131.23% compared to its current value. For those entering the market now, this could translate into a return on investment (ROI) of up to 166.15% if the forecast holds.
4. Pepe Unchained ($PEPU)
Pepe Unchained (PEPU) has raised over $40 million in its presale, with daily investments exceeding $1 million. For 0.01295 per token, the presale is entering its final 22 days before the exchange launch, attracting growing interest from investors.
The project introduces a Layer-2 scaling solution to make transactions faster and cheaper. It also includes the “Pump Pad” platform, which allows users to create meme coins easily and is supported by features like locked liquidity and no trading taxes. Additionally, a cross-chain bridge enables smooth transfers between Ethereum and the “Pepe Chain,” expanding its usability.
🐸INCREDIBLE!🐸$PEPU just crossed a massive milestone! 40M!!🎉💚
It was only 2 days ago we celebrated 35M and there's no sign of slowing down! 💚🐸
Don't miss out on your chance to get in by grabbing your chunk of the presale here: https://t.co/onpYoXlnyG pic.twitter.com/E2kr5sKxYf
— Pepe Unchained (@pepe_unchained) November 20, 2024
Pepe Unchained’s staking program, offering a 71% APY, has drawn over 2.1 billion tokens, allowing investors to earn passive income before the launch. The project also supports ecosystem growth through developer grants, which encourage the creation of new applications and use cases. The project builds anticipation by gaining visibility from influencers and platforms like Best Wallet, named PEPU “Token of the Week.
5. EOS (EOS)
EOS is priced at 0.642836, reflecting a 0.26% increase over the past 24 hours. The market sentiment for EOS is bullish, supported by an Extreme Greed rating of 82 on the Fear & Greed Index. Additionally, the coin is trading above its 200-day simple moving average, which suggests a positive long-term trend.
In the last 30 days, EOS has closed higher than its opening price on 16 occasions, accounting for 53% of the time. This indicates steady upward momentum. EOS also shows high liquidity relative to its market capitalization, which makes it an accessible option for investors.
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— EOS Network (@EOSNetworkFDN) November 20, 2024
Forecasts for November suggest EOS could see a slight price increase, potentially increasing to 0.640673. The expected price range lies between 0.627574 and 0.663998. If the price follows this prediction, investors could experience a 3.23% return by purchasing EOS at its current price and selling at the predicted higher value.
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