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The heatmap of major cryptos in the market is divided in half. Several tokens are losing value, with few standout tokens being profitable options. While the market recovers, investors can consider this analysis to determine decent options worth buying.
With the crashing market, a few cryptos have made huge gains today. These tokens have the potential to deliver big ROIs to investors. Our analysis covers Arweave, Wormhole, Bitget, Waves, and Avalanche.
6 Best Altcoin to Buy Now
Market situations aren’t positive right now, as the global market cap continues to shrink. Although some cryptos made gains despite the instability, market sentiment remains bearish. Furthermore, a neutral greed index indicates the market recovery is days away.
Meanwhile, Wormhole has experienced growth lately, with its current price at $0.5741, reflecting a 7% increase over the last 24 hours. Furthermore, Arweave’s recent surge in value is closely linked to the rollout of its new blockchain, Arweave AO, designed to boost efficiency and transaction speeds. This development has sparked interest within the crypto community.
1. Arweave (AR)
Arweave is an innovative project that has continued to post gains despite the bearish market conditions. The decentralized storage network provides a platform for the unlimited storage of data. The team describes it as “a collectively owned hard drive that never forgets,”
Furthermore, the network hosts “the permaweb”. This permaweb is a permanent, decentralized web boasts several community-centric apps and projects. This unique feature has seen the token gain widespread adoption.
In the past 24 hours, AR experienced a 7.79% increase, settling at $43.75. Furthermore, its price has surged significantly by 70.57% over the last month, offering hope to investors. Furthermore, Arweave has maintained a marked 575.05% increase in value over the previous 24 hours.
— Only Arweave (@onlyarweave) May 15, 2024
Moreover, it witnessed a surge in trading activity, indicating significant interest relative to its market size. The positive momentum in Arweave’s value can be credited to unveiling its new blockchain. This new blockchain, “Arweave AO,” fosters efficiency and transaction speed.
Despite price instabilities, the token has sustained resilience above $40, suggesting a potential for additional growth. Besides, investors’ sentiment about Arweave’s price prediction is bullish. This positive momentum is further demonstrated by a Fear & Greed Index reading of 57 (Greed).
2. Waves (WAVES)
Waves function as a Decentralized Exchange (DEX). It leverages the Waves-NG protocol, which is capable of handling over 1,000 transactions per second. Moreover, transactions are added to blocks within about two seconds. Users generate blocks based on their stake, which is power-efficient and secure.
Furthermore, the blockchain supports decentralized applications (DApps) and smart contracts. The project enables the trading of digital assets and real-world commodities. Waves leverage a powerful native language called Ride for smart contract creation. This makes it a developer-friendly protocol, making blockchain development simple.
The current price of WAVES is $2.38, with a 5.42 increase in the last 24 hours. Over the past year, its price has surged by 55.5%. Despite WAVES trading slightly below its 200-day simple moving average, its 14-day Relative Strength Index (RSI) is 51.45. This RSI indicates neutrality, which means it has the potential to trade higher soon.
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Furthermore, in the last 30 days, WAVES had 18 green days, and its 30-day volatility is high. The token so boasts high liquidity. This robust activity reflects strong investor interest and market confidence. Investors can expect the token to keep trading positively and add it to their watchlist.
3. Mega Dice (DICE)
Mega Dice is rapidly growing as one of the fastest-growing crypto casinos. It boasts over 50,000 active users and a monthly turnover of $50 million. With over 4,000 games and a sportsbook offering various options, users have plenty to enjoy.
Recently, they launched a presale for their token, $DICE, on the SOL blockchain. The presale has raised over $1 million till date. This strong demand is reflected in the current price, which is $0.075.
Furthermore, the token aims to reshape the platform by offering daily rewards to users based on casino performance. It utilizes numerous strategies to spark excitement and community engagement, including airdrops to $SOL whales. This approach has accelerated the presale’s pace.
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Mega Dice is gearing up for the DEX launch post-presale, urging early investors to secure tokens at favorable prices. This presale signifies a major milestone in the crypto market and even the gaming niche. Investors looking into promising Gamble’s token can add $DICE to their watchlist.
4. Avalanche (AVAX)
Avalanche distinguishes itself for its speed and eco-friendly protocol, which allows efficient decentralized apps. Recent developments have seen the token attract renewed interest and investment. Moreover, the project’s capacity to effectively host decentralized finance (DeFi) apps ensures that it remains in the mainstream.
Furthermore, Avalanche’s high throughput, scalability, and reliability foster a powerful platform. This platform enables the development of user-friendly applications like LiveDuel’s sports betting platform. This strategic utility increases AVAX’s visibility and adoption within the broader market. It also showcases its capabilities beyond conventional cryptocurrency transactions.
Avalanche is currently priced at $34.92, representing a 5.79% increase over the last 24 hours. Furthermore, its price has surged by an impressive 132% in the past year, outperforming 59% of other top crypto assets. The coin trades above its 200-day simple moving average and has shown positive performance compared to its initial token sale price.
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Meanwhile, the sentiment around Avalanche’s price prediction indicates positivity. Besides, the Fear & Greed Index is showing 56 (Greed). Recent market sentiment demonstrates that the token is poised for growth, blazing through significant price levels.
5. Bitget (BGB)
Bitget rolled out a Mine Promotion program that will run from April 28 to May 20, 2024. This project incentivizes users to trade ETH/USDT and BTC/USDT spot pairs on the platform. It automatically rewards them with BGB, depending on their trade commission fees.
The token has unveiled a strategic partnership with Anboto Labs. This collaboration streamlines crypto investors’ trading experience. The partnership archives this by incorporating Anboto’s trading instruments into Bitget’s platform.
To celebrate this collaboration, Bitget is organizing an exclusive trading contest with Anboto Labs. Participants can win an iPhone 15 and a share of a $100,000 bonus pool. The contest will take place from May 14 to June 14. It also offers traders an engaging platform to showcase their skills and earn rewards.
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The token currently trades at $1.1 at press time, representing a 4.00% increase in the last 24 hours. Over the past year, Bitget Token has grown substantially, increasing by 134% in price. Notably, it surpassed the performance of Bitcoin and Ethereum during this period.
The trading price of Bitget Token is currently above its 200-day simple moving average. The sentiment around Bitget Token remains bullish, as demonstrated by the Fear & Greed Index at 56 (Greed). This indicates that investors are optimistic about its future performance.
6. Wormhole (W)
Wormhole continues to sustain a steady growth to trade at $0.5741 today. This price reflects a 7% increase in the last 24 hours. This positioned it among the top gainers in the market today. Over the past week, it has steadily climbed the chart, indicating strong momentum.
Analysts anticipate further surge before May ends, with a potential value of $0.79. This surge in value is credited to Wormhole’s increasing adoption. Last month, the coin became available in SPL format on Solana and ERC-20 format on Ethereum and EVM L2s.
This expansion has contributed to its enhanced liquidity, as reflected by its market cap and ranking. Currently, Wormhole is trading above its 200-day SMA. It is also the top token in the Solana Coins & Tokens sector.
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Furthermore, the token prediction suggests that it would maintain its uptick. The Fear & Greed Index, which stands at 74 (Greed), indicates that investors are confident about the token. Considering the ongoing developments within the crypto market, investors can add Wormhole to their watchlist.
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