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On Wednesday, November 5, 2024, Bitcoin reached a new all-time high, surpassing $75,000, following Donald Trump’s win in the U.S. presidential election. This surge reflects growing optimism within the cryptocurrency market, as many altcoins also saw increases of over 10%.
During a podcast, analysts from Altcoin Buzz discussed Trump’s expressed support for cryptocurrencies and how it could influence the market. They pointed out that Bitcoin’s ability to maintain above critical resistance levels could trigger a wider market rally, which might also benefit altcoins. Given this bullish sentiment, investors are searching for the best altcoins to invest in today.
6 Best Altcoins To Invest In Today
StarkNet’s token (STRK) is currently priced at $0.409404, showing a 9.23% increase over the past 24 hours. Optimism’s token is trading at $1.637316, reflecting a 9.2% rise in the last 24 hours and an 8% gain over the past year. dYdX is priced at $1.11, marking a 7.33% increase in the last 24 hours.
Chainlink’s token, LINK, has also seen positive momentum. Mantle’s token is performing well, currently valued at $0.631644. Meanwhile, Bitcoin has surged by 10%, surpassing $76,000, driven by expectations of increased crypto adoption and looser regulatory environments following a potential Trump victory.
1. Starknet (STRK)
StarkNet, a layer-2 scaling solution on Ethereum, recently demonstrated its capabilities with a significant milestone on October 29. During a controlled stress test, the network achieved a peak rate of 857 transactions per second (TPS). Over 24 hours, it maintained an average of 127.5 TPS. This result suggests that StarkNet could effectively support demanding blockchain applications while raising questions about long-term scalability challenges.
The test simulated a high-demand gaming environment, revealing that StarkNet can handle rapid transaction speeds. Ben-Sasson pointed out that the test illustrated the platform’s capacity in scenarios familiar to everyday users, particularly casual gamers. This successful demonstration of throughput places StarkNet in a competitive position relative to similar networks, including Coinbase’s Base.
Starknet’s UX and performance are now among the best in the space.
To widen the gap, StarkWare is shifting focus to fee reduction while keeping Cairo-Native and Stwo in the menu.
ELI5: gas fees on Starknet stay low, even if blobs price brrrrrr, unlike other L2s. https://t.co/tA8ZGz762Y
— Brother Starknet_Uncensored (@Starkunfiltered) November 6, 2024
StarkNet’s token (STRK) trades at 0.409404, a 9.23% increase in the last 24 hours. Sentiment around STRK remains bullish, as indicated by the Fear & Greed Index, which currently reads 69 (Greed). StarkNet also shows strong liquidity, with a 24-hour volume-to-market-cap ratio of 0.2070, suggesting solid investor engagement and active trading.
2. Optimism (OP)
Optimism began as a single-layer 2 (L2) blockchain with a mission to scale Ethereum. Since then, its vision has expanded. Optimism is the Superchain’s foundation—a network of Optimism-governed blockchains designed to foster collaboration. Built on shared standards and a unified codebase, the Superchain supports interoperability and shared security. It also brings together notable builders, including Coinbase, Uniswap, and Sony.
Unlike traditional blockchains, the Superchain encourages collaboration instead of competition. When one chain succeeds, the entire ecosystem benefits. This approach creates a cohesive on-chain experience for developers and users alike.
Real progress in achieving @ethereum-wide interoperability requires us all to work together for Ethereum.
This event marks an important step towards unifying @ethereum. The optimal end-state is @ethereum-wide interoperability, and achieving, maintaining, and enforcing… https://t.co/TZLBZYj2CR
— Optimism (@Optimism) November 6, 2024
Today, Optimism powers nearly 30 OP Chains, handling a significant share of L2 transactions. Optimism trades at 1.637316, marking a 9.2% increase over 24 hours and an 8% rise over the past year. The coin is also trading above its 200-day moving average. With this progress, Optimism aims to drive an equitable, sustainable internet through shared infrastructure.
3. dYdX (Native) (DYDX)
The dYdX Chain is a proof-of-stake blockchain network built on the Cosmos SDK, utilizing CometBFT for consensus. DYDX serves as the protocol’s native token, a role established through community governance votes, including both Snapshot and on-chain decisions.
Currently, dYdX is trading at $1.11, reflecting a 7.33% increase over the past 24 hours. Market sentiment appears bullish, with the Fear & Greed Index registering at 69, indicating a “Greed” level. Analysts predict a potential price increase of approximately 230%, suggesting a target of $3.69 by December 7, 2024.
Top gainers on dYdX over the past 24-hours 📈
Which perps are you trading today?
Visit dYdX ➡️ https://t.co/Fta5rPzAYC pic.twitter.com/KNZqmaMYyd
— dYdX (@dYdX) November 7, 2024
Technical indicators support this positive outlook, with a recent record showing 14 green days out of the past 30 and a volatility rate of 8.55% over the last month. This forecast suggests that now could be a favorable time for those considering buying dYdX.
4. Chainlink (LINK)
Chainlink recently participated in a pilot project under Singapore’s Project Guardian, collaborating with Swift and UBS Asset Management to explore a new method for settling tokenized fund transactions. This initiative, led by the Monetary Authority of Singapore, aims to enhance efficiency and liquidity in financial markets. The project tested Swift’s extensive financial messaging network to enable off-chain cash settlements for tokenized assets.
As the blockchain oracle network, Chainlink was crucial in facilitating secure connections between digital and fiat transactions. This integration reflects the growing interest in blockchain technology to improve flexibility and accessibility within traditional finance.
In the opening keynote address for the Layer One Summit at @sgfintechfest, @MAS_sg’s Leong Sing Chiong highlighted #Chainlink:https://t.co/EHtDEwbW63
“UBS and Swift, in partnership with Chainlink, are collaborating on an end-to-end payment orchestration capability to automate…
— Chainlink (@chainlink) November 6, 2024
Regarding price trends, Chainlink’s token, LINK, has experienced positive momentum. Today, its price is $12.32, reflecting a 4.09% increase over the last 24 hours. The sentiment surrounding LINK is currently bullish, with the Fear & Greed Index scoring 69, indicating “Greed.” Over the past 30 days, the token has shown strong performance, with 15 out of 30 days marked in green, highlighting consistent positive movement in its price.
5. FreeDum Fighters (DUM)
FreeDum Fighters is a meme coin project that combines political satire with investment opportunities. Currently in its presale phase, the project has raised over $444,000, attracting attention due to its unique concept and potential for returns. The presale offers tokens at an initial price of $0.00007, with a tiered pricing structure that increases as the presale progresses. This setup allows early investors to purchase tokens at a lower price, with the possibility of benefiting from a rise in value once the token is listed.
A notable feature of FreeDum Fighters is its staking option, which offers an annual percentage yield (APY) of up to 728.17%, depending on the staked character. This high yield may appeal to investors, though it’s important to note that the token’s value can be influenced by market volatility, adding a level of risk.
We have reached a great milestone that will push these elections forward a great distance!
$400k raised in the $DUM presale 🌟 pic.twitter.com/uBA9p53YDh
— FreeDum Fighters (@Freedum_Fighter) November 2, 2024
In addition to financial incentives, the FreeDum Fighters project encourages community engagement through weekly debates and airdrops. These debates allow participants to earn additional tokens by contributing, making the project more interactive and fostering a sense of community involvement.
Visit FreeDum Fighters Presale
6. Mantle (MNT)
Mantle has recently made a notable advancement by becoming the first Ethereum Layer 2 (ETH L2) to integrate the Agora stablecoin, $AUSD. Unlike typical algorithmic stablecoins, $AUSD is backed by real-world assets such as cash and U.S. Treasury bills, which established financial institutions manage.
In addition, Mantle’s ecosystem has seen substantial growth, with the total transfer volume of $AUSD reaching $1 billion. This indicates a rapid upward trajectory, suggesting increasing adoption and usage.
$AUSD is poised to play an important role in various sectors within the Mantle network, including decentralized finance (DeFi) and gaming. The ecosystem’s active support for the stablecoin could present several opportunities for developers and users.
(12) INFINIT and Beyond Networking Night by @infinit_labs, co-hosted by @0xMantle
📅 Nov. 14
🌐 Come grow your network and connect with Crypto industry leaders, enjoy some tasty food and drinks, and remember to grab some souvenirs home!Register here 👉 https://t.co/ubsPLqRSeL
— Mantle (@0xMantle) November 6, 2024
Mantle has been performing positively, with the token currently priced at $0.631644. It saw an 8.2% increase in the last 24 hours. The market sentiment around Chainlink remains optimistic, as indicated by a Fear & Greed Index score of 69 (showing a sense of greed). Over the past 30 days, 15 showed gains, reinforcing a generally favorable outlook for MNT.
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