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Last week, the cryptocurrency market saw an uptick with Bitcoin touching the $68,000 mark and Ethereum also trading above $3,000. This trend impacted numerous top cryptocurrencies and intensified losses among altcoins. Consequently, these developments saw several altcoins enter the list of best altcoins to invest in today.
However, discovering these tokens often requires diligent research, as investor attention tends to gravitate towards already surging assets. Today’s article analyses the recent performance of cryptocurrencies that have topped the gainers list in the past 24 hours. The goal is to pinpoint tokens showing potential and provide insights for investors.
6 Best Altcoin To Invest In Today
Today’s article explores the performance of promising cryptocurrencies that investors should consider adding to their watchlists. It highlights Base Dawgz, a recent meme coin launch on the Base Network known for its unique multichain functionality, facilitating seamless interoperability across different blockchains.
Furthermore, several altcoins, especially GateToken and RuneBridge, have seen their bulls trigger a bullish trend. These bullish trends have seen them give investors massive ROI, with more gain in sight. It has shown that these tokens are some of the best tokens investors can add to their watchlist.
1. Nexo (NEXO)
Nexo is a prominent crypto lending platform that recently made headlines with its strategic collaborations and market expansion efforts. Nexo’s partnerships with traditional financial institutions have enhanced its credibility and broadened its user base. These collaborations facilitate seamless integration between traditional finance and crypto, driving increased adoption of NEXO.
Meanwhile, NEXO trades at $1.14 today, indicating a 72% uptick over the previous year. The token opened the year with $1.02, marking a 22% increase over last year’s price. This upward trend is driven by heightened demand resulting from its innovative solutions and strategic expansions.
Furthermore, NEXO displays a bullish outlook by trading at 30% and 65% above its 50-day and 200-day moving averages, indicating sustained upward momentum. It rests on a support level of $1.1 while trying to overcome a resistance level of $1.60. If it manages to break through this resistance level, it might establish a support level at $2.3 and even smash the $3.7 mark in August.
Big updates on Nexo’s Web platform – you can now trade Futures right from your desktop!
🔝 Dive into 90+ perpetual contracts with up to 50x leverage to maximize your trading potential.
🕶️ Enjoy our sleek new Dark Mode for a more stylish trading experience on Web.
And more 👇 pic.twitter.com/yXOSeJ9oEm
— Nexo (@Nexo) July 31, 2024
Overall, Nexo has demonstrated strong performance driven by strategic collaborations and market expansion. Its robust price movement and positive technical indicators highlight its potential as a valuable asset. However, investors should remain vigilant of market dynamics and potential corrections, ensuring a balanced investment strategy. The token’s performance is expected to continue its upward trajectory, supported by ongoing developments and increased adoption.
2. Base Dawgz (DAWGZ)
Base Dawgz is the latest meme project operating on the Base ecosystem. It provides an innovative multichain solution that expands blockchain interoperability. The platform has been built to foster interoperability across several blockchains, including Ethereum, Binance Smart Chain, Solana, and Avalanche.
The project tackles the issue of blockchain interoperability across multiple chains by leveraging advanced technologies like Wormhole and Portal Bridge. It enables investors to swiftly claim, store, and trade multiple tokens across several blockchain networks. This capability sets Base Dawgz apart in the crowded meme token market by addressing the typically isolated nature of blockchain ecosystems.
Meanwhile, the team has announced the launch of a “Be Social for Airdrop” initiative. This campaign is aimed at rewarding token holders for participating in the project’s activities on social media. Participants are rewarded with free tokens for creating and sharing content about the Base Dwagz. This approach fosters community involvement and promotes organic growth in the project’s visibility.
Attention, $DAWGZ community:
A $DAWGZ token has recently launched on SOL, but it is NOT affiliated with the Base Dawgz brand. Please disregard it entirely. When our presale ends and we’re ready to launch, you’ll hear it directly from us. Stay vigilant! pic.twitter.com/jId3t0zr3q
— Base Dawgz (@BaseDawgz) July 31, 2024
Base Dawgz trades today at a presale price of $0.007061. The presale has already generated almost $2.8 million, reflecting robust investor interest in the multichain solution the project offers. Moreover, this early success highlights a rising demand for projects offering solutions to ensure flexible and multiple cross-chain functionalities.
3. GateToken (GT)
GateToken (GT), the native token of the Gate.io exchange, has gained traction in the crypto market due to several strategic developments. Recently, Gate.io announced integrations with leading DeFi platforms, enhancing GT’s functionality within decentralized finance. These integrations allow GT holders to engage in yield farming and lending, increasing the token’s utility and demand.
Moreover, Gate.io’s expansion into the Asian market through collaborations with local financial institutions has broadened the token’s user base. This strategic move increases GT’s market presence and boosts investor confidence in the token’s potential for growth.
The recent developments have had a significant impact on GT’s price. Starting the year at $3.75, GT has climbed to $7.48 as of today. This upward trend can be attributed to the heightened demand resulting from its DeFi integrations and regional market expansions. Increased trading volumes on Gate.io further reflect the growing interest in GT.
The token’s price movement has been characterized by periodic spikes and consolidations, typical of a bullish market. The positive sentiment surrounding Gate.io’s initiatives has played a crucial role in sustaining GT’s price appreciation. Support levels are currently established at $7.50 and $7.3, while resistance is observed at $7.90 and $8.00. Investors should monitor these levels closely to manage potential market fluctuations.
From a technical standpoint, GT is showing strong bullish signals. The token trades above its 50-day and 200-day moving averages, indicating a sustained upward trend. The MACD line crossing above the signal line reinforces this bullish outlook. However, the RSI nearing 68 suggests the token is approaching overbought territory, which could lead to a short-term correction.
Market sentiment around GT remains positive, driven by the token’s expanding use cases and Gate.io’s proactive approach to partnerships and innovation. The token’s performance is expected to continue on an upward trajectory, supported by ongoing developments and increased adoption. GT’s strong foundation and growth potential position it well for future gains, making it a token worth considering for long-term investment.
4. 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 $8 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. Although the regular presale has ended, investors can buy WAI at a modest price now before its launch on August 5.
The regular presale phase has ended!
Get ready: Token claims and trading kick off on Monday, August 5th.
We're partnering with top-tier exchanges for the launch. pic.twitter.com/GvgxgRx7ai
— WienerAI (@WienerDogAI) July 31, 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.
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 incorporate Bitcoin into their dApps on the ZetaChain platform effortlessly. 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.
🚢 Day 2: Today, we’re excited to launch ZetaAI, introducing intelligent automation to modern crypto experiences 🤖 See the full announcement: https://t.co/FPQJaYyxBp
— ZetaChain (@zetablockchain) July 31, 2024
Moreover, ZETA trades at $0.8675, indicating that it has increased by 69% over the past year. 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. RuneBridge (RB)
RunesBridge enables interoperability by developing several bridges. These bridges connect Ethereum Virtual Machine (EVM) networks to the Bitcoin network through the Runes Protocol. It allows users to transfer assets between chains securely and cost-effectively.
RunesBridge enhances Bitcoin’s utility by interacting with other blockchain networks. The project does this while ensuring safety and ease of use. Moreover, the platform emphasizes user-friendliness. It also provides a seamless experience for managing digital assets across different networks.
Meanwhile, RunesBridge has collaborated with TunaChain to cultivate a vibrant Bitcoin ecosystem. It has also successfully deployed a bridge between Ethereum and ZetaChain, a strategic partner. Notably, the token is trading than its 200-day SMA.
🚀 The #RunesBridge team anticipates a busy period ahead! We’re taking a couple of weeks for strategy and internal discussions before the big announcements and activities.
🧑🍳 Stay tuned, many surprises are cooking in the kitchen! $RB #Runes
— RunesBridge (@RunesBridge) July 24, 2024
The token trades at $0.01403 today. It has posted 20 green days in the last 30 days and trades above its 50-day SMA. Overall, RunesBridge offers a promising solution for blockchain interoperability, making it a profitable investment choice.
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