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Today’s market dynamics reflect a blend of enthusiasm and caution. While the total trading volume surpassed $67.15 billion in the last 24 hours, indicating a 23% increase, the market cap dipped by almost 1.2% in the same time frame. Notably, the crypto Fear & Greed Index registered a reading of 62, showing there is room for more growth.
Meanwhile, the search for the most profitable tokens has investors searching the market as the bull run of 2024 takes off. A few cryptos have distinguished themselves among the numerous choices by prospecting for a significant upswing. Today’s analysis highlights 5 of the best altcoins to invest in today that analysts could offer considerable returns.
6 Best Altcoin to Invest in Now
This review offers essential insights for investors seeking to assess the growth potential of various tokens. Several tokens, such as Internet Computer, Jito, Tron, and Maker, are currently witnessing upward trends, presenting investors with opportunities to enter the market.
Furthermore, Mega Dice and PlayDoge have recently raised over $1.6 million and $5.8 million, respectively in their ongoing presales. Their prices currently stand at $0.100256 and $0.00521 each. Prospective investors are urged to buy the token as their prices are structured to increase soon.
1. Maker (MKR)
Maker has seen notable growth in recent periods, mainly due to strategic moves by its co-founder Rune Christensen. The token’s value surged approximately 20% after Christensen exchanged large quantities of Shiba Inu and Lido DAO tokens for MKR. This move garnered attention and bolstered MKR’s market value within the Ethereum ecosystem and the broader market.
Meanwhile, Maker’s current price of $2,675.15 reflects a 1.71% increase in the last 24 hours and a 4.88% gain over the past week. Furthermore, Maker’s price surged over the previous year, soaring by an impressive 400%. This performance exceeds 80% of the top 100 crypto assets.
The sentiment surrounding Maker’s price prediction is currently neutral, with a Fear & Greed Index at 69, indicating investor sentiment of ‘Greed.’ Moreover, it trades significantly above its 200-day Simple Moving Average (SMA), marking a 57.83% increase.
Several RWA-focused organizations are interested in the initiative to bring $1 billion in tokenized real-world assets to MakerDAO.
Learn more in the tweet below and follow @sparkdotfi for updates. ↓ https://t.co/tkeqtk4giy
— Maker (@MakerDAO) July 26, 2024
Moreover, analysts are optimistic about the token’s future if it establishes strategic partnerships with other projects. Projections indicate that the maximum price of MKR could exceed $5,019.23, with an average price of around $4,554.96 by the end of 2024.
2. Jito (JTO)
Jito’s team has announced the development of the “Eigen Layer of Solana” project. The project aims to replicate the success of the Eigen project’s layer solutions. If Jito’s team can successfully launch the project, it could generate similar excitement and attention, which saw the token’s price go on an insane rally.
Meanwhile, last week, the token recently emerged as the top DeFi protocol on the Solana network. It closed the week with a total volume locked (TVL) of $1.54 billion. This considerable upswing incited a significant explosion in the Jito token price, which rose by 8.5% during the week.
Nevertheless, the restaking protocol has yet to gain notable traction. Also, Jito’s recent airdrop has no significant impact on its short-term performance. Over the last 30 days, Jito’s token has seen 19 days of positive price movement, reflecting robust momentum and attraction.
Stake with Jito using Tiplink! https://t.co/kF3IkOtGNL
— Jito (@jito_sol) July 26, 2024
The token is trading at $3.13, indicating a 15.89% increase over the last seven days and a 1.2% 24-hour uptick. Market sentiment toward Jito’s price prediction remains bullish, aligned with a Fear & Greed Index score of 68 (Greed). Moreover, the token boasts high liquidity, as evidenced by its market capitalization.
3. Internet Computer (ICP)
Internet Computer has attracted significant interest within the crypto community due to its unique approach to decentralization. Despite recent market challenges, the token has displayed a positive trend, with a modest 0.7% increase in value over the past day, building on an 18.69% gain over the month.
Over six months, ICP has shown remarkable growth, appreciating by 152.78%. The 14-day Relative Strength Index (RSI) is 37.67, indicating a neutral market sentiment and potential sideways trading in the near term. Technically, ICP is undergoing a corrective phase following its recent upward movement.
Furthermore, breaking through the immediate resistance level of $11.84 could signal a return to bullish momentum. ICP is trading 4.61% above its 200-day Simple Moving Average (SMA), which is $9.52.
"You can send or receive and process tokens in a second, at tiny cost. No dodgy bridges are involved, just trustless blockchain cryptography. " – @dominic_w@OpenChat – on-chain and only possible on #ICP pic.twitter.com/1RZjZCGIye
— DFINITY (@dfinity) July 28, 2024
Compared to its token sale price, ICP has demonstrated positive performance and boasts high liquidity based on its market capitalization. Analysts predict further upward movement for ICP this year. The projected average price is around $20.02, with a potential maximum of $25.17 if the current growth trajectory continues.
4. Mega Dice (DICE)
Mega Dice integrates gaming and cryptocurrency, catering to both gamblers on its platform and holders of its DICE token. Furthermore, Mega Dice has launched a Refer & Earn program. This new program seeks to incentivize users who refer people to Mega Dice with a percentage of whatever they spend on the platform.
Furthermore, DICE has recently raised over $1.6 million and is nearing its $2 million presale target. The token’s price currently stands at $0.100256. Prospective investors are urged to buy the token before the price increases in approximately four days.
Meanwhile, the team has launched a $2.25 million airdrop campaign divided into three seasons. Season 1 allocates a $750,000 reward pool to active players who wager at least $5,000 within 21 days. Seasons 2 and 3 offer an additional $1.5 million for sustained activity until the DICE token is listed on exchanges.
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Season 2 recently ended, enabling token holders to earn rewards by staking, receiving daily payouts proportional to the casino’s profits. Mega Dice incentivizes engagement with NFTs for VIP players and offers a 25% referral commission to encourage further participation on the platform.
5. Tron (TRX)
TRX has held steady at $0.1385 and is now moving upward. Its strong performance above $0.138 has caught the eye of investors. TRX is anticipated to approach the $0.1450 mark soon. It could gain momentum towards $0.15 and even $0.155 if it breaks through the resistance level.
Furthermore, the token focuses on entertainment in the decentralized web space. Its value increased by 132% in the past year, showing more interest. The total value locked on TRON has also been growing steadily, making it more useful for DeFi.
Over the past month, TRX rose by more than 30.6%, going from $0.12 to its current value. Its highest-ever recorded price stands at $0.23. Recently, cryptocurrency markets have been volatile, with Tron’s performance standing out.
Furthermore, TRX has surged past the $0.1320 resistance mark and is keeping pace with Bitcoin’s progress. Analysts are hopeful that TRX might exceed $0.1470. TRX is currently valued at $0.1382 and has a market cap of $12 billion, putting it in 13th place. It competes closely with Solana, indicating its potential to grow five times and become a top crypto investment.
6. PlayDoge (PLAY)
PlayDoge is an innovative mobile-based Play-to-Earn game. However, the project finds a way to adapt and make the DOGE meme more interactive. It transforms the Doge meme into a Tamagotchi-style virtual pet, enabling players to earn $PLAY tokens while playing. Notably, Just a few weeks after its launch, PlayDoge has raised almost $5.9 million in its ongoing presale.
Moreover, the project’s P2E strategy enables players to earn rewards. They are incentivized to take care of pets and take them on adventurous quests. The team has also announced that they will continue to build more projects to expand the token’s utility.
However, unlike the Dogecoin meme coin, DogePlay operates on the BNB Chain. The team strategically built PlayDoge on the BNB Chain to ensure that transactions carried out on the platforms are fast and efficient. It also seamlessly enables the project to integrate its gaming activities into multiple platforms.
Aside from getting rewarded through P2E, token holders can earn passively by staking their tokens. PlayDoge offers a huge 412% annual percentage yield. Investors can buy $PLAY tokens at $0.00523 today. Also, this price is set to increase in a few hours.
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