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The cryptocurrency market saw a significant shift over the past week, with Dogecoin becoming the best-performing asset among the top 10 by market capitalization. Dogecoin posted a 22.3% gain in 7-day returns, surpassing both Bitcoin and Ethereum. Bitcoin achieved an 11.9% increase, while Ethereum rose by 9.4%.
Other assets on the list also saw gains, including Solana (8.4%), Avalanche (5.6%), Binance Coin (5.4%), XRP (2.7%), with Cardano and Toncoin at (1.4%), and TRON at (0.3%). All experienced growth at different rates throughout the week. Other altcoins are also experiencing positive price movements. For those looking to capitalize on the current market optimism, here are the five best altcoins to watch today.
5 Best Altcoins To Watch Today
Polkadot is a blockchain platform designed to enable secure communication between various blockchains. EOS is currently valued at $0.48745, reflecting a 1.10% rise in the last 24 hours. Since its launch in early September, the Flockerz (FLOCK) presale has raised more than $700,000, attracting attention for its unique vote-to-earn mechanism.
Solana (SOL) has seen consistent growth in the DeFi sector, with a 12% boost in activity, supported by its scalability and low transaction costs. Helium (HNT) is now priced at $6.28, marking a 2.19% increase in the last day. Meanwhile, Bitcoin climbs 9% for its best week in more than a month.
1. Polkadot (DOT)
Polkadot is a blockchain network designed to facilitate secure communication between different blockchains. It enhances efficiency and scalability through the use of parachains, thus enabling faster transaction processing compared to some other networks. The DOT token plays a crucial role in both governance and staking within the ecosystem, which supports Polkadot’s broader mission of creating a more interconnected blockchain environment.
Currently, the DOT token is priced at $4.40, showing a 3.37% rise over the past 24 hours. Moreover, over the last year, the price has increased by 18%, reflecting a generally positive performance.
Highlighting another DF Grantee → PMEI is putting Polkadot at the intersection of music and Web3 🎤
Polkadot Music Events Initiative (PMEI) is a project focused on integrating Polkadot tech with various aspects of the music industry, such as:
🎟️ Ticketing
🚌 Touring Logistics… pic.twitter.com/DfBdA2BKfN— Polkadot (@Polkadot) October 18, 2024
In addition, the token has experienced 17 days in the past 30 days where the daily close price exceeded the opening price, which indicates a relatively stable upward trend. This consistent performance is further supported by its high liquidity, given its market capitalization.
2. EOS (EOS)
EOS is priced at $0.48745, showing a modest 1.10% increase over the past 24 hours. Predictions suggest a fluctuating but somewhat positive outlook for the cryptocurrency.
In October, following a negative market trend in the previous month, there is potential for a reversal. The expected trading range is projected to be between $0.479609 and $0.493493, with an average price of $0.488214. While this reflects a minor 3.31% decline from the previous month, it could still provide investors with a modest return of 1.56%. Therefore, despite the downward trend, the potential for gains remains present.
Moving into November, the forecasts suggest a continuation of the recovery, and EOS could see further price increases. The estimated range for the month lies between $0.491252 and $0.528539, with an average price potentially reaching $0.505503. Consequently, investors who buy at the current price might see gains of up to 8.77%, offering a more attractive opportunity for profit compared to October.
GM EOS Community 👋☕️
Our weekly Telegram community conversations will take place later today at 7pm UTC.
💬 You have the chance to meet with enthusiasts and chat about the latest ecosystem news.https://t.co/sGJ2pea33X pic.twitter.com/Ga8CD78eNl
— EOS Network Foundation (@EOSNetworkFDN) October 17, 2024
By December, as the year comes to a close, EOS is anticipated to trade between $0.484925 and $0.512275. The projected average for December is $0.497167, which would represent a 2.31% rise compared to current prices. As a result, this could lead to an estimated 5.42% return for those holding EOS during this period.
3. Flockerz ($FLOCK)
The Flockerz (FLOCK) presale has raised over $858,000 since its launch in early September, drawing attention to its distinctive vote-to-earn model. This early success has attracted positive attention from analysts, including those from the 99Bitcoins YouTube channel, who predict Flockerz could achieve gains comparable to coins like Moo Deng.
What sets Flockerz apart is its decentralized governance model, where holders participate in key project decisions through a system called FlockTopia. This vote-driven structure allows the community to have a say in matters such as feature updates, marketing strategies, and token burns. Voters also earn FLOCK tokens for their involvement, encouraging participation and fostering a strong community connection.
The project has already gained traction on social media, with over 2,000 followers on X (formerly Twitter) and more than 2,400 members on Telegram. Its presale model is also designed to incentivize early investors, offering a dynamic pricing structure where the FLOCK token price increases as funding goals are met. Currently priced at $0.0058161 per token, Flockerz offers a significant staking APY of 1981%, rewarding early backers.
The flock is basking in gold, and soon you will too 🐦💰 pic.twitter.com/VQ16zqpyXr
— Flockerz (@FlockerzToken) October 17, 2024
Security is a key focus for Flockerz, with audits from SolidProof and Coinsult confirming the project’s smart contract integrity. Additionally, 10% of the token supply is allocated to liquidity, reducing the risk of a rug pull. With 20% of the total token supply reserved for marketing, Flockerz aims to expand its community and gain wider recognition before listing on decentralized exchanges.
Flockerz’s roadmap has raised optimism, particularly its upcoming release of the FlockTopia DAO and its marketing initiatives. While the meme coin market is known for its volatility, Flockerz’s unique approach and growing community suggest it could deliver substantial returns for early investors once it hits the exchanges.
4. Solana (SOL)
Solana (SOL) has shown steady growth in the DeFi space, with a 12% increase in activity driven by its scalability and low transaction fees. These factors continue to attract developers, making the blockchain a popular choice for decentralized finance applications.
As of today, Solana’s price stands at $156.16, reflecting a 0.77% increase over the last 24 hours. Over the past year, the price has surged by 479%, outperforming 86% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. SOL is currently trading 10.32% above its 200-day simple moving average of $141.54, indicating a strong performance relative to long-term trends.
Spooky szn is here. Solanaween is nearly upon us 👻
That means it's time to meet up IRL — where ideas are summoned and builders emerge from the shadows.
It’s spookily simple for anyone in the Solana ecosystem to host or join their own Halloween meetup on Tuesday, 31 October.… pic.twitter.com/nb5ma6DEqY
— Solana (@solana) October 18, 2024
In recent market activity, Solana has recorded 15 green days out of the last 30, showing positive momentum. The current sentiment is bullish, with a Fear & Greed Index of 72, reflecting investor confidence.
5. Helium (HNT)
Helium (HNT) is currently priced at $6.28, showing a 2.19% increase over the past 24 hours. The market sentiment is bearish, while the Fear & Greed Index stands at 72, indicating a “Greed” environment. Over the past year, Helium has risen by 328%, outperforming 80% of the top 100 cryptocurrencies as well as Bitcoin and Ethereum. HNT is trading above its 200-day simple moving average.
In October, despite a 13.32% price decline last month, a potential reversal is anticipated. The projected trading range is between $6.26 and $7.99, with an average price of $6.81.
This could result in a 6.17% decline from last month but offers a potential return of 26.93%. November forecasts suggest continued growth, with a price range between $7.18 and $8.01 and an average of $7.59. Investors could see a potential gain of 27.20%.
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