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Following the Bitcoin Halving and Ether ETF approval, the Fear/Greed score has surged to 89, driven by rising transaction rates. This increase in activity has also increased trading volumes. These events have prompted investors to revise their portfolios in response to the optimistic market outlook.
Moreover, investors continue to seek cost-effective entry points into the market. Some investors have secured promising investment opportunities by primarily targeting affordable tokens. However, identifying altcoins with potential requires immense time and effort. This article compiles a list of cryptocurrencies that investors should watch.
6 Best Altcoins To Invest In Today
This review provides useful insights for investors trying to evaluate the growth potential of different tokens. Numerous tokens, including a meme coin, Dogwifhat, are currently experiencing upward trends, giving investors opportunities to enter the market.
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.
1. Lido DAO (LDO)
The LDO cryptocurrency price has rebounded, moving up from the wedge and suggesting a possible breakout from the bullish falling wedge pattern. This indicates there is significant potential for the price to rise further. The LDO price has also climbed to $2.25, indicating a 34% YTD surge and a weekly gain of 5.78%.
Currently, Lido DAO is among the top five cryptocurrencies experiencing price surges. At the time of writing, the LDO price has increased by 5.90% over the past month. Over the past week, Lido DAO has also shown significant growth, starting at a market price of $1.818.
Moreover, the Lido DAO protocol has demonstrated significant adoption and success, even though the token is mainly used for governance. The recent surge is partly fueled by a new factor: the approval of an Ethereum-based exchange-traded fund (ETF).
Three #Chainlink highlights from @consensus2024 today:
1. @SergeyNazarov keynote on Chainlink's increasing momentum as tokenized asset infrastructure.
2. @carlosdomingo, @Securitize Co-Founder and CEO, met with Sergey Nazarov to dive into how Chainlink is powering the… pic.twitter.com/KcRRqThbDq
— Chainlink (@chainlink) May 30, 2024
Although LDO was once seen as a “dead” coin, a crypto analyst pointed out that its price often mirrors the trends of Ethereum (ETH) and Bitcoin (BTC). This suggests that LDO’s price rise might be linked to a potential rebound in the Ethereum market.
2. Render (RNDR)
The Render token has been gaining attention in the market lately, with its price rising steadily for the past six months. Investors are getting more interested in it. The cost tends to stay relatively high, showing that many people are paying attention to it.
Although Render’s price has been stable recently, it’s essential to remember that any significant changes in the market could greatly affect its position in the cryptocurrency world. Because Render is vital for digital graphics rendering, these changes affect how much people know about it and its usefulness.
Today, RNDR is priced at $10.02. Over the past week, its price went up by 35.72%. The token has also increased by 52.57% over the previous month. Moreover, RNDR’s post-launch surge stands at over 25,670%.
The initial community vote for RNP-000 modifications closes tomorrow at 12pm PT.
Don't forget to vote!👇 https://t.co/gc4UZbYUi6
— The Render Network (@rendernetwork) May 29, 2024
RNDR’s current trading value is 277.52% higher than the 200-day Simple Moving Average (SMA), which is $2.68. Within the last 30 days, RNDR experienced 18 days of gains, accounting for 60% of the period. This value indicates high liquidity due to its market cap.
The current sentiment on RNDR’s price prediction leans towards a bullish outlook. The Fear & Greed Index registers at 72, indicating greed. This suggests a significant increase in token transactions, potentially driving an upward trend. This positive sentiment fosters hope and optimism among investors.
3. Dogwifhat (WIF)
Dogwifhat has increased by 17.7% in the past seven days and 33.26% over the previous month, trading at $3.54. This rise indicates renewed investor interest. Currently, the overall market capitalization of meme coins is $68.2 billion, marking a 6% increase in the same time frame.
Since its launch, Dogwifhat has grown consistently, gaining significant community support, particularly during the Q1 meme coin surge. It now ranks among the top 30 crypto assets by market capitalization, surpassing Filecoin (FIL). Achieving a spot in the top 30 is a significant milestone for Solana meme coins, especially after the bullish sentiment in Q1 2024.
Dogwifhat’s market cap is now $3.4 billion, and daily volumes have surged 50% to $935 million. However, these figures are still below its all-time high of $4.85, which it reached on March 31 during a meme coin frenzy that attracted significant investments.
Despite a slight dip in the last 24 hours, investors are optimistic about WIF. The market’s turnaround was sparked by the approval of spot Ethereum ETFs and the excitement leading up to this event. Also, crypto assets benefited from the support shown by United States legislators for crypto-related bills.
4. Pendle (PENDLE)
Recent metrics suggest an increase in token transactions and growing market confidence. In the last year, Pendle’s price jumped by over 1245%. This indicates the token is performing better than 94% of other top crypto assets like Bitcoin and Ethereum.
Today, PENDLE is priced at $6.17. Over the past month, the token has surged 37.56%. The trading volume in the last 24 hours surged by 49.18%, reaching $88,506,866. This shows that although the market value dropped, there’s still significant trading activity.
Despite a slight dip in the last 24 hours, the token is trading 1245.67% higher than its value last year. It has also posted an increase of 984% since its launch. 5he token jas displayed 25 green days in the last 30 days.
While everyone else is farming XP on Level 2 Rattatas in Pallet Town, here's your chance to max EV farm with 2x XP boost on Pendle Road.
Gotta catch em yields🍊 https://t.co/sXdD1Bkj9y pic.twitter.com/tUidLexzpS
— Pendle (@pendle_fi) May 30, 2024
Pendle’s current trading is impressive, at 429.98%. This value is above the 200-day SMA of $0.778006. The sentiment for Pendle’s price prediction is bullish, reinforcing the positive outlook. The Fear & Greed Index stands at 64 (Greed).
5. Mega Dice (DICE)
Mega Dice is a well-known crypto casino that recently launched its cryptocurrency. So far, the DICE Telegram community has grown rapidly and recently reached over 10,000 members. These members engage in daily discussions about the DICE token, its uses, and potential partnerships and provide technical support to each other.
Although the casino token has not yet gone live, it boasts a large, supportive community. Mega Dice has over 50,000 registered users and over 10,000 active monthly players. This existing user base provides a strong foundation for the DICE token’s launch. According to a Telegram announcement, many users are ready to become DICE token holders.
The DICE token offers several benefits, including daily rewards, limited edition NFTs, and early bird bonuses. These incentives could drive significant interest once the token is live. Currently, DICE is in presale and has raised over $1.2 million, selling 18.2 million tokens at $0.075 each.
Refer & Earn with $DICE! 🚀💰
Exciting news! You can still refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases. Here's a simple guide on how to get started:
1. Visit: https://t.co/E5WFsXQhfQ.
2. Connect: Connect your wallet.
3.… pic.twitter.com/bChN4iebgl— Mega Dice Casino (@megadice) May 29, 2024
Investors can purchase DICE using SOL, ETH, or BNB and immediately take advantage of the offered benefits. Mega Dice’s daily rewards will provide free bonuses to DICE holders based on the casino’s daily performance. Early bird bonuses give additional DICE tokens to early presale participants, enhancing their initial investments.
Limited edition NFTs offer special privileges and rewards to select DICE holders who play at Mega Dice. These NFTs can also be traded on the market for cash. Moreover, DICE will offer staking, seamless integration into the Mega Dice Casino ecosystem, and user rewards for referrals.
6. Chainlink (LINK)
Chainlink functions as a platform that supports multiple blockchains. The protocol remains popular among institutional investors and individual traders. Its current estimated value is around $16 billion. In the past seven days, the altcoin surged by over 10%, reaching approximately $18.25.
Recent data have shown an increase in address holders. Presently, there have been over 100,000 LINK tokens, indicating address holders have grown by 4.6 percent in the past six weeks, totaling 564 addresses. The Chainlink network is known for its secure and scalable Oracle services in the web3 ecosystem.
The project recently partnered with the Depository Trust and Clearing Corporation (DTCC). This key player in securities settlement systems worldwide recently finished a trial project called Smart NAV with Chainlink. The collaboration involves major U.S. financial banks and aims to enhance the tokenization of conventional financial funds.
Three #Chainlink highlights from @consensus2024 today:
1. @SergeyNazarov keynote on Chainlink's increasing momentum as tokenized asset infrastructure.
2. @carlosdomingo, @Securitize Co-Founder and CEO, met with Sergey Nazarov to dive into how Chainlink is powering the… pic.twitter.com/KcRRqThbDq
— Chainlink (@chainlink) May 30, 2024
DTCC announced the completion of the Smart NAV Pilot program on Thursday, May 16. The goal was to standardize how fund NAV data is provided across various blockchain platforms. This was achieved by utilizing Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Despite the price surges, the token is having trouble surpassing the critical barrier at $16.50. However, experts suggest that if buyers keep the price above this point, $LINK might aim for resistance levels at $22.00. Therefore, investors can keep an eye on the token for high ROI.
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