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The market’s positive outlook has led to a notable increase in investor confidence. This surge indicates investors’ eagerness to explore the best altcoins to invest in now, with expectations of bullish trends. Consequently, Altcoins have become increasingly appealing to investors looking for diverse investment opportunities.
However, selecting the most suitable altcoin demands careful attention and extensive research. This article aims to simplify the decision-making process. It does this by spotlighting several noteworthy altcoins worthy of investment consideration.
6 Best Altcoin to Invest in Now
Several events have culminated in seeing the prices of several altcoins like Dogwifhat, ORDI, Convex Finance, and Bittensor become attractive investment options. This renewed interest in alternative cryptocurrencies is boosting investor confidence. It has also led several investors to review and modify their portfolios actively.
Compared to Bittensor’s robust performance and CVX’s lower volatility, Shiba Shootout offers a middle-ground choice with high potential. It is a mobile game that combines a Wild West theme with blockchain technology. It has been structured to enable players to earn SHIBASHOOT tokens as rewards for playing.
1. Bittensor (TAO)
Bittensor combines blockchain technology with machine learning to enhance the development, sharing, and monetization of AI. As an open-source, decentralized network, it allows models to train collaboratively, with participants earning TAO tokens based on the value of the information they contribute. The platform utilizes a distributed ledger to optimize AI development and distribution, promoting open access, decentralized governance, and the efficient use of global resources.
Furthermore, Bittensor has seen a 25% increase in the last 30 days, demonstrating high liquidity and a strong market position with a volume-to-market cap ratio of 0.1063. The 14-day Relative Strength Index (RSI) stands at 56.85, indicating a neutral market sentiment. Additionally, the network has experienced 19 green days in the past month, coupled with 14% volatility, showcasing its solid presence in the market.
Meanwhile, Bittensor’s open-source repository fosters global innovation by distributing network ownership and rewards based on the value each participant adds. The native cryptocurrency, TAO, incentivizes engagement by offering fair compensation for contributions that enhance the network’s intelligence. This system enables users to access and leverage the collective knowledge available within the network.
Big security upgrades and successful integration of Ledger support in dev-net.
Major efforts underway to claw back a substantial amount of TAO from exchanges post-attack.
This and more in our latest Community Q&A: https://t.co/nbhPmK5tFb pic.twitter.com/yZoLlozU6t
— Openτensor Foundaτion (@opentensor) July 27, 2024
Moreover, TAO has seen an impressive 275% increase over the last year, currently trading at $321.56. This performance distinguishes it as a high-growth asset, outperforming 79% of the top 100 cryptocurrencies. Such a high-reward scenario is ideal for investors who are comfortable with greater volatility in pursuit of substantial returns.
2. Shiba Shootout (SHOOTOUT)
Compared to Bittensor’s robust performance and CVX’s lower volatility, Shiba Shootout offers a middle-ground choice with high potential. It is a mobile game that combines a Wild West theme with blockchain technology. It has been structured to enable players to earn SHIBASHOOT tokens as rewards for playing.
Furthermore, players can participate in activities such as meme-making duels, poker tournaments, and virtual treasure hunts to earn these tokens. The primary feature of Shiba Shootout is its Play-to-Earn (P2E) mobile game. A basic version of the game is available on Google Play and the App Store, giving early investors an initial preview of the concept.
Meanwhile, the game’s ecosystem includes Cactus Staking, which provides high annual percentage yields (APYs). It also features Lucky Lasso Lotteries, introducing unique elements to the play-to-earn model. Shiba Shootout combines gaming with blockchain technology, offering diverse opportunities for earning and engaging within the game.
BOOM!!! 🎉
Another huge achievement for #SHIBASHOOT 🐶
We've successfully raised over $800,000! 💵
The excitement with #SHIBASHOOT keeps growing, stay tuned for more updates! 🚀 pic.twitter.com/l6hZyaHhjk
— shibashootout (@shibashootout) July 29, 2024
Moreover, The presale of SHIBASHOOT tokens has generated over $853,145. Shiba Shootout seeks to foster a robust community by providing substantial benefits to early adopters, such as staking rewards and leaderboard bonuses. Investors are encouraged to join the presale now as it trades at a modest $0.197. The token has been structured to increase in 3 days.
3. Dogwifhat (WIF)
Solana’s ecosystem is gaining momentum, with Dogwifhat (WIF) leading the way. WIF is currently on an upward trend, emerging as the third-largest coin in the meme coin sector by market capitalization. In just the past seven days, WIF has surged by 59%, surpassing PEPE to claim the 39th position in the global market cap rankings.
As of today, Dogwifhat is priced at $1.23, marking a 1274% YTY rally. Furthermore, market sentiment is optimistic, with a Greed score of 75 indicating a positive investor outlook. Over the past month, Dogwifhat has posted an impressive streak of 17 consecutive green days. During this time, the closing price has consistently exceeded the opening price marginally.
Furthermore, Dogwifhat’s bullish trend is reflected in its Relative Strength Index (RSI). The token remains firmly within the bullish range. Moreover, the Directional Movement Index (DMI) corroborates this bullish sentiment, indicating a strong upward trend for the meme coin.
United we hodl.$WIF pic.twitter.com/pRfmCYuHe5
— dogwifcoin (@dogwifcoin) July 28, 2024
Hence, analysts predict Dogwifhat might continue its upward trajectory in the coming days. There are expectations Dogwifhat will reach a new all-time high of $5 soon. Similarly, ambitious projections suggest the possibility of achieving a double-digit price before the year’s end. This reflects the growing optimism surrounding the meme coin’s prospects.
4. Base Dwagz (DWAGZ)
Base Dawgz leverages its platform’s distinctive approach and features to set itself apart. It has garnered considerable attention, raising over $2.7 million thanks to its expanding community and multi-chain compatibility. This token supports several blockchain networks, including Base, Ethereum, Solana, Binance, and Avalanche.
Furthermore, by leveraging Wormhole and Portal Bridge protocols, Base Dawgz efficiently manages blockchain bridges. This approach eliminates the need for manual transfers. It also enhances user experience by making transactions across different networks seamless and straightforward.
As of today, the price of DAWGZ is $0.007061, with an expected increase in the next two days. The project’s growing momentum is reflected in its Telegram channel, which has exceeded 3,500 members. This robust community support, combined with its innovative features, positions Base Dawgz as a promising cryptocurrency investment.
We would like to hear from the $DAWGZ community.
Other than the presale ending early, what would you like to see being implemented by the Base Dawgz team? We are all ears to see where we could improve alongside the community. pic.twitter.com/mh9irxQU56
— Base Dawgz (@BaseDawgz) July 30, 2024
Overall, Base Dawgz incorporates a Share-to-Earn system into its ecosystem. This strategy rewards meme-makers and content creators with DAWGZ tokens. The initiative also encourages a loyal and engaged community by incentivizing content creation and sharing.
5. Convex Finance (CVX)
Convex Finance plays a central role in the decentralized finance (DeFi) ecosystem by enhancing the influence and rewards for Curve liquidity providers in the competitive “Curve wars.” This innovative protocol allows CRV holders and Curve liquidity providers (LPs) to maximize their earnings and increase their influence without having to stake directly on Curve. By staking through Convex, users can access higher CRV rewards and additional liquidity mining incentives.
Furthermore, Convex Finance’s innovation is rooted in its ability to aggregate liquidity from various stakers, enabling even smaller investors to enjoy substantial benefits. These benefits include enhanced rewards, a share of trading fees, and the acquisition of valuable CVX tokens. Moreover, Convex Finance is well-secured, with a strong security framework that includes comprehensive audits and a multi-signature treasury for added protection.
Make your WETH work harder. 🚜 Fixed 7.22% rate, any duration. No surprises. #ETH #ReFiYourDeFi pic.twitter.com/XZj2DVyxHG
— Inverse (@InverseFinance) July 24, 2024
Despite a 22% price decrease over the previous year, CVX has posted a 15.88% increase over the past 24 hours, with a volume-to-market cap ratio of 0.2931, indicating stable short-term performance. The 14-day Relative Strength Index (RSI) of 52.22 suggests a neutral market stance. Also, CXV demonstrates its potential with 15 green days and 12% volatility over the past month.
6. Ordi (ORDI)
As the market shows signs of growth, ORDI is gaining prominence with its upward movements. ORDI is currently valued at $37.25, showing a 480.53% increase over the past year. This rise indicates bullish sentiment among investors. It is further strengthened by the Fear & Greed Index metric, which sits at 77, signifying extreme greed.
Moreover, ORDI is trading significantly above its 200-day simple moving average. This places Ordinals notably at 87.18% above the 200-day SMA, demonstrating its strong performance. Additionally, the token’s high liquidity is apparent through its substantial market capitalization.
Due to its solid fundamentals and strong community support, ORDI offers promising potential for future growth. Analysts predict that collaborations with other networks could drive the coin price to $42.51 by 2024. This projection reflects confidence in ORDI’s trajectory, highlighting its position for further success.
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