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Altcoins are experiencing massive market profits, with several tokens exhibiting the possibility of exploding by 1000 times. The uptick is occurring as the wider crypto market sees a rally catalyzed by favorable macroeconomic conditions. This situation provides an opportunity to capitalize on the dip preceding the Altcoin Season.
Meanwhile, Numerous promising low-priced cryptocurrencies afford investors an affordable entry point into the market. Consequently, Insidebitcoins has compiled a list of the top five tokens that align with this description. We will explore the factors driving the positive movement of these altcoins and why they are some of the best tokens to consider today.
7 Best Altcoin to Buy Now
Based on historical data from past bull cycles, it has been observed that the Ethereum rally usually precedes significant growth in other altcoins. However, the current performance of the crypto market diverges from popular predictions. This observation has many analysts wondering why funds from the Ether ETF spot approval have not shifted into other altcoins.
Considering recent market trends, it’s crucial to reassess our predictions. We are analyzing the performance of several altcoins worth considering. Our primary objective is to identify and provide details about potential investment opportunities.
1. zkSync (ZK)
zkSync is an innovative protocol that was launched less than two weeks ago. The project was designed as a unique Layer-2 solution to address the inefficiencies of the Ethereum blockchain. It does this by improving Ethereum’s efficiency by reducing transaction fees and speeding up processing times.
Furthermore, zkSync’s developers have ensured that the project distinguishes itself from similar Ethereum Layer-2 solutions. The lead developer announced on the official Twitter handle that existing Ethereum solutions provide fast and affordable transaction speed, but they come at the expense of security. To maintain strong security, zkSync leverages the powerful ZK Rollups technology.
Meanwhile, the project recently gained attention by launching its ZK token and outlining a detailed tokenomics plan. Of the 21 billion $ZK tokens, 17.5% have been set aside for an airdrop to network users. This strategic allocation is intended to foster community engagement and market visibility.
(1/2) The network is currently under high load. Some RPC services may experience degraded performance.
Teams are working to increase RPC capacities.
Stay tuned for updates.
— ZKsync (∎, ∆) (@zksync) June 17, 2024
ZkSync is priced at $0.1746, with a 24-hour trading activity above $143.9 million. The token opened its trading day at $0.1980, marking a 7% gain before succumbing to a 4% decline in the last 24 hours. Currently, zkSync looks promising, as demonstrated by a bullish sentiment and a Fear & Greed Index at 55, which indicates greed.
2. Toncoin (TON)
TON has become an accepted payment medium on the Telegram platform, with influencers now earning TON as a reward for establishing successful channels on Telegram. This growing utility of the cryptocurrency, coupled with its rising visibility, has positioned it as one of the top-performing cryptos in the bull market.
Since March, Toncoin’s price has experienced a notable surge, breaking from a consolidation phase at around $2.00. Although a recent flash crash in the crypto market caused TON to retrace to the $5.2 support level, bulls have utilized this support to push the price back within the bullish pennant. With TON trading comfortably above the 50-day and 200-day moving averages, it underscores the token’s potential for additional rallies.
Furthermore, the Relative Strength Index (RSI) shows an upward trend, having crossed the 50-midline level and nearing the 75-overbought region. This metric suggests increasing buying pressure. If bullish momentum continues, the RSI could surge even further into overbought territory, indicating a solid influx of buying activity.
The Open League Digest ☕️📖
With Season 4 underway, TVL on #TON has skyrocketed to over $500M. Over 1K applications have been received for The Open League Hackathon, limited early-bird tickets for Gateway are now on sale at a discounted price, and much more! 🚀
Details ➡️… pic.twitter.com/My9O93RXqs
— TON 💎 (@ton_blockchain) June 21, 2024
Furthermore, the upward trend in RSI and a golden cross at the $6.13 support level reinforce bullish sentiments. This RSI encourages optimistic investors to enter the market and purchase the token, potentially leading to further price increases.
Analysts’ sentiment concerning TON’s price prediction is overwhelmingly bullish, with the Greed score displaying extreme Greed at 78. Trading near its cycle high at $7.67 to post a 24-hour price increase of 5%, TON enjoys high liquidity propelled by its significant market capitalization.
3. Weiner AI (WAI)
Weiner AI is a unique project that incorporates the powerful features of AI with the virality of dog memes. The platform features several dog-themed elements, such as playful sausage meat memes and an AI trading bot. At the time of writing, the token has generated over $6 million in its ongoing presale while priced at $0.00072.
Furthermore, the project’s flagship trading bot assists traders in making profitable trading decisions through its user-friendly platform. It enables users to identify perfect entry and exit points while trading cryptos. The platform also provides users with insightful market analysis and tips to boost their chances of profit.
Meanwhile, token holders can stake WAI to earn an APY of about 261%. The team has allocated 20% of WAI’s supply to staking, indicating that stakers can expect massive returns before the token is launched. Investors can buy WAI at a modest price during the presale. However, investors should join the presale now as the token’s price will increase soon.
Unleashing WienerAI! 🌭🤖
Bridging meme fun with AI utility. Join the Wiener revolution! 🚀💰 pic.twitter.com/x6lTupo90N
— WienerAI (@WienerDogAI) June 22, 2024
Therefore, Weiner AI distinguishes itself from other meme tokens through its distinct integration of meme virality with innovative Artificial Intelligence. This integration acts as a massive catalyst behind the project’s early success. WienerAI’s developers have also reiterated their commitment to improving its AI-powered trading bot to ensure profitability.
4. LayerZero (ZRO)
LayerZero is a unique and distinct blockchain protocol that facilitates seamless communication among several blockchains. This project is intended to streamline how messages are distributed between multiple blockchain platforms. The protocol ensures that the disseminated messages retain originality and are securely delivered with personalized trust settings.
A distinguishing element of LayerZero is its usage of Ultra Light Nodes (ULNs). ULNs are smart contracts embedded into each participating blockchain, acting as integral nodes for cross-chain communication. Also, ULNs ascertain the integrity of each message and transaction by checking transaction proofs and block headers, strengthening efficiency and security.
Meanwhile, ZRO is currently priced at $2.90. The token opened its trading session with an 8.33% gain, although it is down almost 10% in the last 24 hours at the time of writing. LayerZero hit an all-time high of $6.22 on June 20, 2024, and its lowest price of $2.82 on June 22, 2024. The lowest price since its peak was $2.82, and the highest since that low was $3.36.
Gaming platform @iskra_world has integrated LayerZero to expand to Base.
ISK, the token powering the Iskra ecosystem, is now an OFT. This integration enables access to in-game purchases and governance rights across multiple chains. https://t.co/9bo0vj4a5G
— LayerZero Labs (@LayerZero_Labs) June 14, 2024
Although launched only a few days ago, the token shows signs of being overbought as bulls manage to keep the bears on a leash. Moreover, analysts predict that the token might retest its ATH point of $6 if profit-takers are put at bay. It will be interesting to see how the token will perform this week; however, investors can keep ZRO on their watchlist.
5. Cosmos (ATOM)
Cosmos leverages an ecosystem of connected blockchains to offer users a fast, efficient, and inexpensive transaction. It also features a modular framework that demystifies decentralized applications. These unique features have made Cosmos a top player in the crypto market.
ATOM’s price has been oscillating between $5.72 and $7.95, with recent movements indicating corrective patterns. This is supported by key indicators such as the Relative Strength Index (RSI), currently at 59.43, suggesting that ATOM is in an overbought territory. Additionally, the Stochastic oscillator at 17.40 indicates potential for a price bounce as it tries to maintain a stronghold in the oversold region.
These signals suggest that while ATOM’s price has experienced downward pressure, there may soon be opportunities for a rebound. Looking ahead for Cosmos, the current indicators show a mixed outlook. While the negative MACD Level may indicate a continued downward trend, the coin’s proximity to the oversold territory suggests a potential for recovery.
⚡️ Cronos welcomes Exaion, a subsidiary of Europe's largest electricity group, as its newest validator for Cronos EVM network.
🔒 Exaion contributes to the stability and security of the #Cronos EVM network, becoming one of 32 validators responsible for decentralized transaction… pic.twitter.com/f92wZeGveW
— Cronos (@cronos_chain) June 20, 2024
If the token can surpass the nearest resistance at $7.91, the next target could be $8.95. Conversely, falling below the closest support at $6.24 could lead to prices testing the second support level at $5.00. Investors should monitor the coin’s ability to stabilize and potential triggers that may influence a rebound or further decline.
6. Cronos (CRO)
Cronos has announced plans to expand its global footprint through several initiatives. It has signed renowned music artist Eminem as its celebrity ambassador to replace Matt Damon. Eminem’s involvement is believed to bring a fresh vibe to Cronos’ promotional thrills to the project. This initiative leverages Eminen’s charm and reputation to promote global user engagement and credibility.
Furthermore, Cronos has unveiled a partnership with Galxe to broaden its blockchain functionalities. Integrating Galxe into Cronos will introduce innovative applications like the Cronos Spring Odyssey. This initiative covers four primary themes—gaming, NFTs, DeFi, and meme coins—each introduced every ten days to promote user engagement.
However, Cronos trades at $0.09264, which indicates an intraday increase of 5.76% before slumping. Over the past week, it has declined by 5.62% but increased by 62.78% over the previous year. Despite recent fluctuations, Cronos has been trading above its 200-day moving average, reflecting an optimistic upward trend.
⚡️ Cronos welcomes Exaion, a subsidiary of Europe's largest electricity group, as its newest validator for Cronos EVM network.
🔒 Exaion contributes to the stability and security of the #Cronos EVM network, becoming one of 32 validators responsible for decentralized transaction… pic.twitter.com/f92wZeGveW
— Cronos (@cronos_chain) June 20, 2024
Moreover, despite investors’ bearish sentiments about the token, its Fear & Greed Index stands at 67. This index, indicating greed in the market sentiment, demonstrates its potential. Analysts expect the value of CRO to peak around $0.42 before 2024 ends. Nevertheless, if market conditions improve significantly, the maximum trading price of CRO could peak at $0.63, indicating substantial growth potential.
7. Starknet (STRK)
Starknet’s technology addresses the growing need for scalability and privacy in blockchain applications. The token reduces Ethereum’s network congestion, thus ensuring faster, more efficient, and safer transactions. This functionality has expanded its value. The token is expected to grow as its adoption and technology advances.
The outlook for Starknet likely hinges on its adoption and acceptance within the blockchain ecosystem. The potential rewards could be significant as the token expands its utilities and widespread acceptance in the coming months.
StarkNet’s token price has experienced notable volatility over the past month, with fluctuations ranging from a high of $1.50 to a low of $0.70. The recent surge in price can be attributed to the announcement of a proposed strategic partnership with a major tech firm, which has sparked investor optimism about the project’s prospects.
EthCC[7] is made possible by the generous support of our sponsors.
Thank you @Starknet for supporting us this year as a RUBY sponsor!
🖤💛❤️https://t.co/vZCpmDnIW8 pic.twitter.com/9HhDpQ7PFD
— EthCC – Ethereum Community Conference (@EthCC) June 23, 2024
However, this bullish momentum was short-lived as profit-taking and market corrections pushed the price back. Despite this setback, Starnet’s long-term fundamentals remain strong, supported by a growing user base and the continuous development of its platform.
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