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The crypto market began the week with significant momentum due to the mixed sentiment in the general crypto market. Although Bitcoin’s price has remained relatively stable post-halving event, it posted sideways trends in the 24-hour chart. However, the crypto market has entered a correction phase, leading to a tremendous rally.
As the bull run gains momentum, investors actively seek the best altcoins to invest in today. Amidst numerous options, a select few have emerged with notable uptrends, indicating potential for substantial returns. Today’s analysis focuses on evaluating these cryptocurrencies and why investors should consider them.
5 Best Altcoins To Invest In Today
Numerous promising tokens have posted higher price increases compared to high-cap tokens. One such token is Cosmos, which has shown great promise and delivered astronomical profits to early investors. We also looked at some presale tokens, 99Bitcoins, and Base Dwagz, and why they are worth considering.
Today’s analysis gives investors insights into evaluating the profit potential of Cosmos, Beam, Immutable X, and Bonk. All of the analyzed tokens have consistently displayed green candlesticks over the month. Some have witnessed a 10% and 30% surge in the last 24 hours alone, suggesting favourable investment outlooks.
1. 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 $6.2 and $6.5, with recent movements indicating corrective patterns. This is supported by key indicators such as the Relative Strength Index (RSI), currently at 37.53, suggesting that ATOM is not in an overbought territory. Additionally, the Stochastic oscillator at 18.40 indicates potential for a price bounce as it approaches 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.
1/ A key feature of the Interchain Stack is composability.
Developers are not locked into a one-size-fits-all approach but can mix and match different stack components and integrate cross-chain components to create customized blockchain solutions. pic.twitter.com/J4uE6au0xU
— Interchain Foundation (@interchain_io) July 22, 2024
If the token can surpass the nearest resistance at $9.71, the next target could be $10.95. Conversely, falling below the closest support at $6.7 could lead to prices testing the second support level at $7.00. Investors should monitor the coin’s ability to stabilize and potential triggers that may influence a rebound or further decline.
2. Beam (BEAM)
Beam is a project that prioritizes eliminating user data mismanagement through its platform, ensuring secure and dependable transactions. It provides features such as private stablecoins, NFTs, and automated market makers (AMMs). It also seeks to incorporate upcoming functionalities like lending, oracles, sidechains, and wrapped assets into its ecosystem to enhance its offering as a secure and reliable transaction platform.
Moreover, Beam operates as a gaming network underpinned by the Merit Circle DAO. The BEAM network is dedicated to fostering a collaborative ecosystem to advance the gaming industry. It achieves this by facilitating connections between developers and players, enabling them to collaborate in shaping the future of gaming.
BEAM safeguards user addresses and grants them complete control over their privacy by leveraging blockchain technology. Throughout the previous week, BEAM encountered a steady downturn, plummeting by more than 12%. However, recent trends show a resurgence, with the token rebounding by 3.24% from the previous week.
It's time for new pools in the @sophon farming portal!
This time our friends at @azuroprotocol have been added 🌊 https://t.co/MZ74haVXwu
— Merit Circle (@MeritCircle_IO) July 23, 2024
Furthermore, the token trades at $0.01804 today to post a 15% increase in price over the last month. YTD, Beam has displayed over 270% increase in value. Also, the token trades above its 50-day and 200-day Simple Moving Averages, indicating its potential for an increase before the month ends.
3. Base Dwagz (DWAGZ)
While coins like Cosmos, Immutable X, Beam, and Bonk may have less potential in the short term, investors capitalize on Base Dawgz’s short and long-term prospects. The unique viral presale token has formally launched its staking campaign, signifying that token holders can start earning immediately.
Base Dawgz’s staking event follows on the heels of its astonishing presale performance, which has seen it raise almost $2.7 million in just a few weeks. Analysts are confident that Base Dawgz is Base’s next top meme coin. The token has been predicted to leapfrog Brett easily; Base Dawgz saw its presale price soar, while Brett’s investors could only watch as it lost over 20% of its value this week alone.
Although the presale price of $DAWGZ has risen from $0.00581 to $0.006725, Base Dawgz continues to smash through successive price stage targets effortlessly. Investors are encouraged to seize the current opportunity to participate in the presale as another price increase is scheduled in less than six days. The combination of all these unique features and reward systems is why YouTuber and analyst Jacob Crypto Bury believes DAWGZ could mint the next wave of millionaires.
Staking $DAWGZ is the best way to make some extra cash while you wait for the presale to end 🤑
If you're chasing nirvana or an active thrill-seeker, this is for you. pic.twitter.com/ggM1ibSgZd
— Base Dawgz (@BaseDawgz) July 22, 2024
Meanwhile, investors who have bought and staked their tokens will get their staking rewards 24 hours after staking goes live. Apart from staking, investors can also earn extra $DAWGZ tokens through Base Dawgz’s social rewards program. This initiative enables community members to receive points by sharing memes and posts related to Base Dawgz on their social media profiles. After the presale ends, the points can be redeemed for $DAWGZ tokens.
4. Immutable X (IMX)
Immutable X is gaining public attention for its efforts to streamline the transfer of digital asset ownership. The innovative project also tackles the issue of scalability and security challenges in digital asset trading. The platform leverages several security features, such as zero-knowledge proofs and other cryptographic solutions, to safeguard assets and secure transactions.
Recent requests for integration by other projects indicate a growing recognition of IMX, driven by its efforts to address scalability issues. These integrations enhance the platform’s transaction liquidity and ensure the security of users’ assets, positioning it competitively in the cryptocurrency market. Moreover, Immutable’s strategic partnerships with key industry players have strengthened its credibility and investors’ appeal.
Price predictions from reputable analysts suggest that the Immutable X token could reach an average price level of around $3.29 soon. If market conditions remain favorable, IMX tokens can achieve a maximum price of $5.08 by the end of 2024. Strong bullish sentiment in the market could help IMX Token reclaim its position.
The @BSUniverse_OFCL is ready for you to play on Immutable.
Hunt, collect, and embark on a new Baby Shark adventure today: https://t.co/7HLTwhW0AB pic.twitter.com/T5U4HBXdVl
— Immutable (@Immutable) July 24, 2024
As the ImmutableCoin project expands, many crypto traders speculate about whether the IMX Token can ever reach the $10 mark. Based on past performance and current growth trends, it is likely that Immutable Coin will reach $10 in the long term. However, if the anticipated crypto bull run begins earlier than expected, the IMX token could trigger this milestone by August.
5. 99Bitcoins (99BTC)
99Bitcoins is a unique project that rewards users by allowing them to earn while they are learning. Investors anticipate the token will grow by over 1,000% after its launch. The project is based on the Ethereum network and has formulated plans to expand to the BRC-20 ecosystem soon.
The 99Bitcoins news platform serves a substantial audience of almost 1 million subscribers on YouTube and 3 million on its mailing list. Its latest initiative, the Learn-to-Earn project, seeks to revolutionize crypto education. Participants earn rewards for engaging in interactive modules, quizzes, and courses, promoting self-learning within the community.
Also, 99Bitcoins provides additional incentives, such as access to premium trading signals and discounts, alongside opportunities for passive income through staking. Combining learning with earning, this innovative approach has attracted interest from early supporters who anticipate significant attention upon the token’s launch on August 6.
🔥 Our #Presale is nearly over! 🔥
Secure your $99BTC tokens now before the final price increase! 👀
The presale ends on the 6th of August at 2 PM UTC. Don’t miss out! 🗓️ #99Bitcoins #BTC #Crypto pic.twitter.com/ggU70617jT
— 99Bitcoins (@99BitcoinsHQ) July 23, 2024
With the presale raising over $2.5 million at $0.00115, investors are showing strong enthusiasm for 99Bitcoins. The cryptocurrency offers benefits such as BRC20 tools and educational resources, access to a VIP community group, and exclusive trading signals. Participants can also enjoy a high Annual Percentage Yield (APY), although this rate may decrease as more investors engage in staking.
6. Bonk (BONK)
Bonk is reputed to be the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, the token has sparked a remarkable rally, achieving significant gains in its initial quarter. Currently trading at approximately $0.00002849, its unique concept has prompted analysts to speculate that it could reach the $0.01 mark by the end of 2024.
Furthermore, analysts remain optimistic about Bonk’s potential to replicate its impressive launch trajectory. The price trend of Bonk demonstrates its resilience, currently experiencing significant growth that has investors speculating on its potential to reach the $0.001 mark soon.
The rising popularity of meme tokens continues to drive Bonk’s value upward. The token leverages the Solana blockchain, known for its scalability and speed, which appeals to investors seeking faster and more cost-effective alternatives to Ethereum-based meme tokens.
Have you claimed your Manta rewards yet? If so, another wave of rewards is coming from The Dog and @MantaNetwork❗️❗️❗️
If you haven’t, it’s not too late, but don’t wait too long! Claims won’t be available forever🐾
Wanna know if you’re eligible?
Visit: https://t.co/FYtKX3MwTE pic.twitter.com/bW1qHvSpow
— BONK!!! (@bonk_inu) July 23, 2024
Bonk is trading at $0.00002849, marking a 50% increase over the past month. The token builds on a bullish sentiment to register a Fear & Greed Index of 71 (Greed). It has seen 25 out of 30 days in green, with a 23% volatility rate over the last month.
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