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The cryptocurrency market has recovered a significant chunk of its value due to last week’s downturn, which saw Bitcoin dropping below the $60,000 mark and Ethereum also falling below $3,000. This positive trajectory has impacted numerous top cryptocurrencies and triggered massive price rallies among altcoins. Notably, certain altcoins have outperformed other tokens to enter our list of best altcoins to invest in today.
However, identifying tokens with both short and long-term profitability requires meticulous research, as investor focus often centers on assets already experiencing significant growth. This article analyzes the recent performance of cryptocurrencies that have topped the gainers list in the past 24 hours. The aim is to identify low-priced tokens with promising potential and offer valuable insights for investors.
6 Best Altcoins To Invest In Today
Have you ever regretted not investing early in an altcoin that turned out to mint millionaires overnight? Weiner AI offers a unique opportunity to correct that mistake. This project that provides a smooth trading experience to users presents an excellent chance for early participants to join during its presale period. With a modest price, you can receive over 100x in returns upon its launch.
Base Dawgz is making waves in the crypto market as an engaging new meme coin with a playful dog-themed twist. Beyond its meme appeal, this distinctive cryptocurrency presents investors with a lucrative chance to generate passive income through its innovative staking rewards program. The project’s staking program has set aside 1.69 billion DAWGZ to be shared among stakers every hour as a reward over the period of a year.
1. Base Dawgz (DWAGZ)
Base Dawgz is making waves in the crypto market as an engaging new meme coin with a playful dog-themed twist. Beyond its meme appeal, this distinctive cryptocurrency presents investors with a lucrative chance to generate passive income through its innovative staking rewards program. The project’s staking program has set aside 1.69 billion DAWGZ to be shared among stakers every hour as a reward over the period of a year.
Remarkably, early investors are already reaping rewards, with the presale having raised over $2.6 million and tokens currently priced at just $0.006405 each. However, interested investors are urged to act quickly; this price is expected to rise as the presale stages advance, making early investment a strategic opportunity.
One unique feature that distinguishes Base Dawgz from other projects is its mind-blowing multi-chain flexibility. By utilizing advanced protocols such as Wormhole and Portal Bridge, it seamlessly operates across Ethereum, Solana, Base, Avalanche, and Binance Smart Chain platforms. With its dynamic and engaging features, Base Dawgz presents an investment opportunity that shouldn’t be overlooked.
Staking $DAWGZ is the best way to make some extra cash while you wait for the presale to end 🤑
If you're chasing nirvana or an active thrill-seeker, this is for you. pic.twitter.com/ggM1ibSgZd
— Base Dawgz (@BaseDawgz) July 22, 2024
But there’s more to Base Dawgz than staking rewards and interchain operability. The project has introduced a Share-to-Earn system that is capturing the attention of the crypto community. Participants can earn points by creating and sharing amusing memes on social media, which can later be exchanged for additional DAWGZ tokens after the presale.
2. Terra Classic (LUNC)
Terra Classic has experienced a surge in activity lately, leading to a notable increase in the token’s value. Recently, the Terra Luna Classic community has successfully removed 12 billion LUNC and 68 million USTC from circulation, representing the second-largest LUNC burn to date. Additionally, in June 2022, Lido DAO accepted a proposal to render all Lido contracts on Terra Classic immutable, resulting in the locking of these funds.
These advancements have captured investors’ attention, resulting in heightened market activity for LUNC over the past 24 hours, aligning with a slight market recovery. Currently, the token is trading at $0.00008967, reflecting an upward trend. This rise signifies a significant 29% surge in trading activity, bringing the volume close to $20 million.
Additionally, the 24-hour price of the Terra Classic token builds on last week’s profit of 11.38%, standing in contrast to the prevailing bearish trend in the broader crypto market. Currently, LUNC’s price fluctuates between $0.000089 and $0.00009. This moderate range indicates balanced buying and selling activities, though recent data suggest that the token may soon establish a firm position in the overbought zone.
Should the anticipated bull run in the crypto market commence sooner than expected, LUNC has the potential to surpass the $0.0001 resistance level, resulting in a substantial price surge. If it maintains its current momentum throughout 2024, the token could climb to $0.0002 and potentially break the $0.01 threshold. Moreover, Terra Classic’s recent market activity and technical indicators indicate the possibility of a modest recovery and future growth.
3. Raydium (RAY)
Raydium is an automated market maker (AMM) and liquidity provider within the Solana blockchain ecosystem. It offers seamless integration with the Serum decentralized exchange (DEX). The protocol transforms liquidity into limit orders placed on Serum’s order books. This unique feature allows liquidity providers (LPs) to tap into the broad order flow and deep liquidity offered by Serum.
Meanwhile, RAY’s price action has demonstrated a breakout from a triangle formation to ignite a new bullish cycle supported by the trendline. As momentum builds from this breakout, the uptrend in this Solana-based altcoin suggests buyers are eyeing a potential surge beyond $2 their week. Optimism surrounds the token as it forms a triangle breakout pattern, potentially reaching a peak of $2.80 in the weeks ahead.
Currently, the RAY token price trades at $2.46, indicating that it has jumped by 29% in the last seven days. A bullish crossover in the MACD indicator supports this impressive short-term performance. Despite an intraday decline of 0.02%, Raydium’s post-retest correction has been predicted to overtake the 50% Fibonacci level, which stands at $2.6.
Raydium has integrated @moonpay, giving its 20M users instant access to the @solana ecosystem! 🚀
For new users, you can now on-ramp to Solana in seconds. For existing users, you now have off-ramp rails at your fingertips.https://t.co/ouBYKZ06vD
— Raydium (@RaydiumProtocol) July 18, 2024
Moreover, the recent shift in market sentiment and solid technical indicators indicate a promising uptrend for Raydium. With a bullish reversal and breakout rally underway, the price projection for this Solana-based meme coin anticipates reaching the $5 mark before the end of 2024. Investors can seize the present low price to buy the dip and enter the market at the perfect entry point.
4. Gnosis (GNO)
Gnosis simplifies the development process for developers building decentralized applications (dApps) on its permissionless and open platform. The platform is structured to empower developers with development kits to streamline building custom dApps. These unique features have attracted numerous developers who now use the platform, further driving up the adoption of the project.
Meanwhile, the bulls are on the verge of breaking through the resistance point in the token’s falling channel. This effort is yielding positive results as the token recently displayed signs of a price explosion to break its prolonged price decline. The daily chart reflects a solid overall uptick, suggesting a sustainable bullish trend.
GNO ignites a clear positive price trajectory as the consistent bullish trend continues. This trend is supported by increased trading activity and regular breakout events. As the altcoin continues a bullish week, investors wonder if the bulls can maintain hold to push the token above the $400 price level.
🚀 NEW EPISODE 🚀
How @GnosisDAO 3.0 Paves the Way for Mass Adoption@seb3point0 chats with our very own @tw_tter about Gnosis' journey from deploying the first smart contract on Ethereum to Gnosis 3.0 and all the infrastructure projects they launched along the way:… pic.twitter.com/8i0tsM63Sw
— Epicenter Podcast (@epicenterbtc) July 20, 2024
At the time of writing, GNO is exchanging hands at $259.00. This indicates a slight dip of 1% in the last 24 hours. However, the token has posted almost 120% increase over the past year, nudging its market cap above $700 million. The team has announced that it aims to drive GNO’s market cap above the billion-dollar mark before June ends.
5. ZetaChain (ZETA)
ZetaChain is an innovative project built to enhance cross-chain interoperability and expand the utility of Bitcoin in DeFi. The company aims to assist developers in creating unique and valuable applications. It does this by integrating the efficiency of Ethereum’s smart contracts with the dependability of Bitcoin’s network.
Meanwhile, the team recently announced the launch of its latest product, UniSat, a wallet compatible with Bitcoin. UniSat allows dApp developers to effortlessly incorporate Bitcoin into their dApps on the ZetaChain platform. Consequently, the number of developers in the ecosystem has spiked, enhancing the platform’s growth, visibility, and adoption.
Furthermore, ZetaChain has displayed solid price movements over the previous 24 hours and 30 days. This stability reassures investors of its short-term and long-term profitably. Its dedication to interoperability and secure architecture has earned the support of a dedicated community in the cryptocurrency market. Also, its commitment to its users through ZetaChain Support has seen it retain and expand its user base.
1M monthly transacting users now have access to ZetaChain through @keplrwallet, the #1 Cosmos wallet! Whether you prefer a Cosmos, EVM, or Bitcoin wallet, ZetaChain lets you interact with Universal Apps from any one wallet without having to switch networks. pic.twitter.com/V0u4kicc46
— ZetaChain (@zetablockchain) July 22, 2024
Moreover, ZETA trades at $0.7455, indicating that it has increased by 11% over the past week. Furthermore, the token broke out of a recent decline to trade above its 200-day Simple Moving Average, signaling the end of a bearish trend. Also, investors are positive about the token, as demonstrated by a Fear & Greed Index of 74 (Greed), indicating a growing positivity for an upward trend.
6. Weiner AI (WAI)
Weiner AI is a unique project that incorporates the powerful features of AI with the virality of dog memes. The platform features several dog-themed elements, such as playful sausage meat memes and an AI trading bot. At the time of writing, the token has generated over $6 million in its ongoing presale.
Furthermore, the project’s flagship trading bot assists traders in making profitable trading decisions through its user-friendly platform. It enables users to identify perfect entry and exit points while trading cryptos. The platform also provides users with insightful market analysis and tips to boost their chances of profit.
Meanwhile, token holders can stake WAI to earn an APY of about 261%. The team has allocated a substantial 20% of WAI’s supply to staking, indicating that stakers can expect massive returns before the token is launched. Investors can buy WAI at a modest price during the presale. However, investors should join the presale now as the token’s price will increase soon.
Forged with the power of AI!
Get ready for WienerAI! 🌭⚡️ pic.twitter.com/83p1CAXY1A
— WienerAI (@WienerDogAI) July 21, 2024
Therefore, Weiner AI distinguishes itself from other meme tokens through its distinct integration of meme virality with innovative Artificial Intelligence. This integration acts as a massive catalyst behind the project’s early success. WienerAI’s developers have also reiterated their commitment to improving its AI-powered trading bot to ensure profitability.
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