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Today’s market dynamics reflect a blend of enthusiasm and caution. Sentiments remain notably bullish, with a total trading volume dropping by 3% in the last 24 hours. This is indicated by the crypto Fear & Greed Index registering a reading of 49, firmly in the “Neutral” territory.
A select few cryptocurrencies have delivered substantial returns to investors. Others have, however, seen their market value decrease significantly. This article looks at some of the best altcoins to buy that are currently worth considering.
6 Best Altcoin to Buy Now
Some altcoins experiencing notable upswings are Ton, Stellar, Injective, and Polkadot. Since its launch, Ton has seen explosive growth, accumulating over 1,883.5% in profit. This move has led analysts to suggest an upward price movement might be on the horizon.
Meanwhile, 99Bitcoin’s timing allows investors to participate in a potential meme coin rally. It particularly favours investors who missed out on earlier meme coin booms. Early investors can join a wagon that may see the token push to a nearly 500% uptick.
1. Ton (TON)
TON has become an accepted payment medium on the Telegram platform. Influencers can now earn TON as a reward for creating active channels on the Telegram app. The crypto’s expanding uses and growing adoption have placed it among the top-performing cryptos in the bull market.
Since June, Toncoin’s value has risen significantly, breaking out of a consolidation phase near the $6.00 level. Last week, a flash crash in the crypto market caused TON to pull back to the $6.20 support, giving bullish investors the opportunity to capitalize on this level and drive the price back into a bullish zone.
Also, TON shows its potential for further upward momentum by trading securely above the 50-day and 200-day moving averages.
Moreover, the Relative Strength Index (RSI) indicates an upward trajectory, having surpassed the 50-midline and approaching the 70-overbought zone. This metric reflects growing buying pressure. Should the bullish momentum persist, the RSI could climb further into the overbought region, signifying robust buying activity.
"Web3 venture capital firm @topdotco has made a strategic investment in Akedo Games to support its development of Telegram games in the #TON blockchain ecosystem." 🎮💎 https://t.co/pY3ZAJLrtg
— TON 💎 (@ton_blockchain) July 15, 2024
Furthermore, the upward trend in RSI and a golden cross at the $7.13 support level reinforce bullish sentiments. This RSI encourages optimistic investors to enter the market and purchase the token, potentially leading to further price increases. Analysts’ sentiment concerning TON’s price prediction is overwhelmingly bullish, with the Greed score displaying extreme Greed at 78.
2. 99Bitcoins (99BTC)
99Bitcoins stands out as an innovative initiative that offers users a combination of educational courses while earning free tokens. Analysts foresee a significant surge of 1,000 times in its token value throughout 2024. The project currently operates on the Ethereum network, and it plans to migrate to a BRC-20 token after its launch.
The 99Bitcoins news platform serves a wide-ranging audience and commands a substantial following with over 800,000 subscribers on YouTube and 2.9 million through email subscriptions. Recently, the platform initiated a Learn-to-Earn project aimed at revolutionizing crypto education. Participants engage in interactive modules, quizzes, and courses, earning rewards for their commitment to learning and self-improvement.”
The SEC has given “preliminary approval” for three asset managers to launch spot #Ethereum ($ETH) ETFs, reported Forbes.
BlackRock, Franklin Templeton, and VanEck could begin trading as early as July 23, 2024.
Read more: https://t.co/UlqCeCcRNX#99Bitcoins #BTC #Crypto
— 99Bitcoins (@99BitcoinsHQ) July 17, 2024
In addition to these features, 99Bitcoins provides numerous incentives, such as access to premium trading signals and discounts, as well as opportunities for passive income through staking. This innovative approach of combining educational content with earning potential has garnered significant interest from early supporters, who anticipate considerable attention for the token upon its launch.
With the presale successfully raising over $2.4 million at $0.00114 per token, investors are showing strong enthusiasm for 99Bitcoins’ potential. The cryptocurrency offers additional benefits such as access to BRC20 tools and educational resources, membership in a VIP community group, and premium trading signals. Participants also enjoy a high Annual Percentage Yield (APY), which adjusts as more investors engage in staking.
3. Polkadot (DOT)
Polkadot leverages a unique layer-0 metaprotocol to enable scalability and flexibility. The project utilizes this protocol to process transactions in parallel across multiple chains. It also allows users to develop several custom blockchains which can be connected using the Substrate framework.
The shared, open-source multichain platform expands blockchain interoperability across several blockchains. It enables the cross-chain transfer of assets and data, fostering a decentralized internet of blockchains called Web3. Also, Polkadot’s remarkable upgradeability enables users to update their assets and data without forks automatically.
Meanwhile, the token’s DAO has voted to create a bridge connecting Polkadot to the Cardano network. This collaborative project seeks to address interoperability issues prevalent in the crypto market. The announcement has been met with a positive reaction from the Polkadot community.
Decentralized Futures grantee Velocity Labs is focused on turning Polkadot into the best platform for building scalable, resilient DeFi applications.
Learn more about how @v_labs is developing DeFi in the DOT eco 👇
1/4 https://t.co/3kumszdsYC pic.twitter.com/mrPs8rNaJU
— Polkadot (@Polkadot) July 16, 2024
Today, DOT trades at $6.46, indicating a 3.6% increase in the last 24 hours. The token displays a 14-day RSI of 50.2, signifying it could trade sideways. Also, it trades above its 200-day Simple moving average and has posted 20 green days in the last 30 days.
4. Injective (INJ)
Despite being in its early stages in the crypto market, Injective has attracted significant attention. The project has drawn various DeFi initiatives to reinforce its ecosystem’s foundational infrastructure. Its presence in DeFi is rapidly expanding, with recent successful funding rounds highlighting its significance.
Moreover, the project has collaborated with Noble and Clusters. Injective’s partnership with Noble grants it direct access to the USDC issued on the platform. Consequently, users can utilize native USDC via various dApps throughout the ecosystem, including HelixApp. Integrating Injective and Clustersxyz enables a unified identity across Ethereum, Injective, and Solana.
These partnerships have stirred excitement around $INJ, resulting in an 11.50% increase in value. Injective is presently trading at $25.98, with a 24-hour trading volume of $700.75 million. Meanwhile, sentiment analysis indicates a bullish outlook, implying that the upward trend might continue. Consequently, the Greed score has surged to 81, indicating increased buying pressure.
#injenomics https://t.co/Y63PRQhZNQ
— Injective 🥷 (@injective) July 17, 2024
Likewise, Injective is trading 166.48% above the 200-day simple moving average. It indicates positive performance compared to its token sale price and trading near its cycle high. Besides, it is ranked 4th in the AI crypto category. The token also has a high liquidity based on its market cap.
5. Stellar (XLM)
Stellar’s recent performance suggests signs of price recovery after trading near its historical low this year. The token trades at $0.1097, reflecting a 6.8% increase in the last 24 hours. With the crypto market’s recent positive trends, the token may still ignore another extended price rally.
Meanwhile, investor involvement in the Stellar token has surged, signalling a possible price increase soon. This positive sentiment is evident in the Relative Strength Index (RSI), which recently jumped into overbought territory at 60 after a protracted period in the neutral zone around 50.
Having risen from its support level of $0.0839 to its current trading price of $0.1097, the token faces a crucial resistance at $1.25. Overcoming this resistance could further ignite an appreciation of the token’s value. This could establish a higher support level for XLM and potentially surge above other altcoins.
Hot-take: blockchains can still be immutable, decentralized, transparent, and safe without storing all data on-chain.
And no, I'm not talking about IPFS or Layer 2s. With State Archival, the Stellar network is the first layer 1 to "archive" on-chain data and move it off-chain.…
— Stellar (@StellarOrg) July 16, 2024
Moreover, the upward movement of the RSI and positive market trends are instilling confidence in XLM’s recovery. Additionally, the market’s positive funding rate, where long position holders compensate short position holders, reflects investor optimism regarding potential price gains. This indicates a bullish sentiment among investors, who are strategically positioning themselves at entry points in anticipation of an upward trajectory.
6. Mega Dice (DICE)
Mega Dice is a recent Solana-based blockchain project drawing significant attention due to its innovative gaming and casino features. The gambling token has rapidly gained traction since its presale launch. With over $1.6 million raised, Mega Dice is demonstrating substantial interest in its innovative approach within the gaming industry.
The prominent casino brand aims to significantly innovate the GameFi sector. The token not only rewards existing users but also attracts new ones, playing a pivotal role in Mega Dice’s gamification strategy. Notably, Mega Dice is set to take the lead in crypto casinos by introducing daily rewards linked to platform performance.
The Mega Dice presale has been exceptionally successful, surpassing significant funding milestones and highlighting strong demand for its token. With their accessibility and limited availability, $DICE tokens have become highly sought-after, capturing considerable interest from potential investors.
Another sensational #BIGWIN on #GatesOfOlympus1000 by @PragmaticPlay🤯
This #MegaDice player won $10 946.25 with a $2 bet💰
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— Mega Dice Casino (@megadice) July 16, 2024
Presently, each $DICE token is valued at $0.09548. Post-presale, Mega Dice intends to list $DICE tokens on decentralized exchanges (DEXs), potentially enhancing their attractiveness and accessibility.
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