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Recent analyses suggest that Bitcoin (BTC), the leading cryptocurrency, could be entering a bullish phase. Experts highlight two key indicators: decreasing Bitcoin reserves and growing stablecoin reserves.
This combination of reduced Bitcoin supply and higher purchasing power has fueled expectations of an impending price increase for the digital asset. Given this bullish sentiment, investors are searching for the best altcoins to invest in today.
6 Best Altcoins To Invest In Today
Upbit, South Korea’s largest cryptocurrency exchange, recently listed Injective (INJ), offering trading pairs in both KRW and USDT. Ripple’s XRP has experienced a price increase, currently trading around $0.55. Aptos (APT) has made a significant rebound, rising more than 146% in the last two months after reaching a low of $4.36.
Meanwhile, Pepe Unchained’s presale has attracted considerable interest, raising over $20.1 million by selling $PEPU tokens at a price of $0.0103 each. Additionally, investment banking activity has increased while Bitcoin continues to rally, driven by various market catalysts.
1. Injective (INJ)
Upbit, South Korea’s largest exchange, recently announced the listing of Injective (INJ) supporting both KRW and USDT trading pairs. INJ, the native token of the Injective L1 network, plays a key role in governance, liquidity mining, and enhancing blockchain security.
As of today, Injective is priced at $21.37, reflecting a 2.10% increase over the past 24 hours. Over the last year, the token has risen by 170%, outperforming 68% of the top 100 crypto assets, including Bitcoin and Ethereum. Notably, it is trading 93.96% above its 200-day simple moving average of $11.02, which is a positive indicator.
The largest exchange in Korea, Upbit has officially integrated $INJ
Millions of new users can now access native $INJ tokens using the Korean fiat pair $KRW pic.twitter.com/u08ZNxilht
— Injective 🥷 (@injective) October 17, 2024
The token has shown consistent growth, recording 16 green days in the past 30 days, equating to 53%. Despite its price volatility of 6.36% during this period, its performance has remained strong.
2. Helium (HNT)
The price of Helium (HNT) has shown signs of recovery over the past two days, bouncing back with support from the 200-day Exponential Moving Average (EMA) on the daily chart. However, the token still sits 46.25% below its all-time high (ATH). While there are hints of a potential breakout rally, the market remains cautious, particularly around the $8 mark, which is seen as a strong resistance level.
Over the last week, HNT experienced a 10.39% correction, and in the past month, it has dropped 14.47%. The 50-day EMA shows a bearish trend, but the 200-day EMA continues to act as a support level, highlighting a period of uncertainty for Helium. Additionally, the Relative Strength Index (RSI) reflects a neutral stance, suggesting a balance between buying and selling pressure.
🖍️ Helium was highlighted in the @a16zcrypto State of Crypto Report 2024.
4 out of the 6 major DePINs mentioned are using the Helium Network: @Hivemapper @WeatherXM @DIMO_Network
This recognition by @a16z is a major achievement for Helium in the crypto space and the future of… pic.twitter.com/YxWe3Zu00M
— Helium🎈 (@helium) October 16, 2024
If bullish momentum returns, the price of HNT could retest its resistance level at $6.525. Successfully holding above this threshold might pave the way for the token to approach its upper resistance near $8 in the coming weeks.
3. XRP (XRP)
Ripple’s XRP has recently seen a price bump, hovering around $0.55. Over the last 24 hours, the price has increased by 1.98%, while it has shown a 13% increase over the past year. This price movement comes as the SEC’s ongoing legal battle with Ripple faces new developments, with the SEC missing a key deadline on October 16 to appeal a significant part of the ruling. This has led to heightened speculation about how the legal proceedings might impact XRP’s price in the near future.
Currently, XRP is trading above its 200-day simple moving average (SMA), a key technical indicator that is often viewed as a signal of potential upward momentum. Over the last 30 days, XRP has seen 15 days where its daily closing price was higher than its opening price.
#RippleSwell fireside with @dan_pantera and @bgarlinghouse 🔥
An amazing 2 days of groundbreaking ideas and unparalleled opportunities to connect. 👏
Thank you, Miami!🌴 pic.twitter.com/iVLmbBGTV8
— Ripple (@Ripple) October 17, 2024
In terms of future price predictions, the outlook for XRP suggests that it could rise by 17.82%, reaching a value of approximately $0.651302 by November 16, 2024. This forecast is based on current market conditions, technical analysis, and the assumption that the legal case will not take a significant negative turn.
4. Aptos (APT)
Aptos (APT) has shown notable recovery, rebounding by over 146% in the past two months after hitting a low of $4.36. Currently trading around $9.8, this rise indicates a bullish shift in both the short and medium-term trends. The cryptocurrency established a support level of $5.5, which has been tested several times, highlighting its significance.
APT’s recent price movements have pushed it above the 50 and 200-day moving averages, signaling a potential “golden cross.” However, resistance has emerged at nearly $10.40, which aligns with the annual VWAP, leading to a slight price pullback.
💡 Dive into Last Week's Highlights in the Aptos Ecosystem
1/ Aptos TVL has crossed the 700M mark—congratulations! DeFi projects like @AriesMarkets, @AmnisFinance, @ThalaLabs, @TruFinProtocol, @CellanaFinance, @Meso_Finance, and @EchelonMarket are contributing to this great… pic.twitter.com/0i6fcjHMvr
— Aptos Insights 🌐🖤🤍 (@AptosInsights) October 15, 2024
Despite this dip, the overall trend remains upward, supported by price action and technical indicators like oscillators. While the situation looks promising, Aptos will need to break through key resistance levels to sustain its bullish momentum.
5. MANTRA (OM)
MANTRA (OM) is currently priced at $1.54, reflecting a 1.06% increase in the last 24 hours. The overall sentiment around the token remains bullish, supported by a Fear & Greed Index score of 71, indicating a “Greed” level in market sentiment. Over the past year, OM has surged by an impressive 7,961%, outperforming 93% of the top 100 crypto assets, including Bitcoin and Ethereum.
The token is trading significantly above its 200-day simple moving average (SMA), with a price that is 6,275.21% higher than the SMA value of $0.024. This indicates strong upward momentum. Additionally, OM has demonstrated positive performance compared to its initial token sale price.
🕉️ The Future Is Onchain.$OM #HomeOfRWAs
— MANTRA ✈️ Cosmoverse #OMtober (@MANTRA_Chain) October 16, 2024
In the last 30 days, MANTRA DAO has seen 18 green days, equating to 60% of the period. The token’s price volatility is measured at 10.88%, suggesting moderate price fluctuations. The forecast suggests the price could rise by 4.44% to reach approximately $1.58 by mid-November 2024.
6. Pepe Unchained (PEPU)
Pepe Unchained is positioning itself as a unique player in the cryptocurrency world by introducing a Pepe-themed coin with real utility, unlike many other meme coins. Its key feature is the launch of its own Layer-2 blockchain, Pepe Chain, built on Ethereum. This new blockchain aims to offer faster transactions—up to 100 times quicker—while reducing fees compared to Ethereum’s main network.
The project is not just about hype but also focuses on creating a broader ecosystem. Features like staking, an Ethereum bridge, a decentralized exchange (DEX), and a block explorer are set to be available at launch. This positions Pepe Unchained as a more functional meme coin, giving it a potential edge in a crowded market.
Pepe Unchained’s presale has drawn significant attention, raising over $20.1 million through the sale of $PEPU tokens at $0.0103 each. The presale is structured in stages, with the token price gradually increasing. This strategy has created a sense of urgency for early investors, contributing to its success. Buyers can use various currencies such as $ETH, $USDT, $BNB, or even credit/debit cards, making the presale easily accessible.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
Staking is another attractive feature, with estimated annual returns of 110%, which has already led to over 1.45 billion tokens being staked. This high level of staking could help stabilize the token’s value after launch by reducing the selling pressure.
Pepe Unchained’s market entry comes at a time when Bitcoin and other cryptocurrencies are on an upward trend, potentially benefiting the project. While presales carry inherent risks, the development team’s focus on real-world utility and the strong community backing suggest Pepe Unchained could stand out. Investors looking for exposure to meme coins with practical use cases may find Pepe Unchained an interesting opportunity.
Learn More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
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