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This article analyzes tokens that have shown resilience and promise amidst fluctuating conditions, making them options for investors seeking strategic opportunities in the digital asset market.
The cryptocurrency market is transforming as the memecoin rally loses steam, giving way to an increased focus on altcoins. Due to its recent price movements, Sui, Fantom, and KuCoin Token have captured considerable attention. Investors, anticipating a shift in trends, are especially intrigued by this resurgence of altcoins.
Best Crypto to Buy Now
At the time of writing, 99BTC has raised over $2.2 million, demonstrating robust interest from the crypto community. Recently, the Fantom Foundation disclosed its plan to allocate 200 million of its native FTM tokens, valued at approximately $120 million, to support projects transitioning to the Sonic network.
Meanwhile, SUI has garnered favorable attention for its Total Value Locked (TVL) metrics. The platform’s price has risen to $0.9023, representing a 2.93% increase in just one day.
1. Sui (SUI)
Sui is a layer-1 blockchain platform designed for widespread adoption. It focuses on security, scalability, and providing a robust development environment. Key features include an object-centric data model and the Move programming language.
Moreover, Sui aims to enhance the user experience by addressing common blockchain challenges with innovative features like zkLogin and sponsored transactions. Its horizontal scaling allows for low-latency transactions, stable fees, and high throughput, which benefits developers in building advanced Web3 applications.
The platform has received positive recognition for its Total Value Locked (TVL) metrics. Recently, Sui’s price increased to $0.9023, marking a 2.93% rise within a day. However, it has seen an 8.85% decrease over the past week.
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— Sui (@SuiNetwork) June 18, 2024
Despite this volatility, the recent price movement indicates strong market interest in purchasing Sui. Currently, investor sentiment around Sui’s price prediction is bullish. The Fear & Greed Index is at 63, suggesting greed. Furthermore, the token trades above the 200-day simple moving average and shows a positive performance compared to its token sale price.
Additionally, it is trading near its cycle high and has high liquidity relative to its market cap. These developments reflect growing confidence in Sui as a significant altcoin, making it one of the market’s best tokens to watch.
2. 99Bitcoins (99BTC)
99Bitcoins has launched a Learn-to-Earn token to incentivize individuals to learn about digital assets. The platform integrates with the BRC-20 standard, marking the L2E model’s debut on the Bitcoin blockchain. At press time, the project has raised over $2.2 million, indicating strong interest from the crypto community.
The 99Bitcoins platform aims to educate people about digital assets through various features. According to the project’s whitepaper, it offers access to premium courses, expert trading signals, and community channels. These features aim to provide comprehensive educational resources and tools for users interested in cryptocurrency.
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In addition to the presale, 99Bitcoins launched a crypto airdrop campaign, distributing $99,000 worth of Bitcoin. The airdrop has attracted over 12,968 entries, and 99 winners will be selected on July 19. This campaign has generated considerable attention and participation within the community.
Meanwhile, 99BTC’s tokenomics are designed to support the platform’s growth and incentivize participation. The total supply of 99BTC is capped at 99 billion tokens, with 10.5% allocated to presale buyers. Furthermore, 14% is set aside for staking rewards and 44.5% for community incentives and project growth funds.
This allocation strategy aims to balance immediate rewards with long-term growth and community engagement. By combining a presale, an airdrop, and a structured token supply, the project seeks to attract and retain a dedicated user base.
3. KuCoin Token (KCS)
KuCoin Token recently increased in price, now valued at $10.07. This marks a 0.42% rise in the last 24 hours, showing short-term resilience. Despite this, the market sentiment remains bearish. However, the token’s Fear & Greed Index is at 63, indicating investors’ greed.
The 14-day Relative Strength Index for KCS is 55.68, which indicates the token is currently neutral and may trade sideways. Moreover, the KCS token trades above its 200-day Simple Moving Average (SMA), suggesting a positive long-term trend.
Over the past hour, KCS has shown a promising performance, rising by 0.26%. Despite the bearish sentiment, this data should instill confidence in KCS’s short-term performance.
In addition, KuCoin Token has shown short-term growth and resilience. The neutral RSI and position above the 200-day SMA suggest a potential for future upward movement. While investor sentiment shows greed, the overall outlook remains mixed, making it essential to watch future trends.
4. Fantom (FTM)
The Fantom Foundation recently announced it will allocate 200 million of its native FTM tokens, worth about $120 million, to help projects move to the Sonic network. This substantial allocation from its treasury aims to attract and secure key partners who can contribute to Sonic’s growth and development.
The funds will be used to engage developers creating applications on the Fantom network, those developing decentralized applications (dApps), and partners offering essential tools and services. This move highlights Fantom’s commitment to building a robust, dynamic platform and community.
According to CoinMarketCap, FTM is valued at $0.5835, reflecting an intraday increase of 2.90%. Despite this short-term gain, FTM has shown a bearish trend, declining by 9.53% over the past week. The token is trading 38.77% above its 200-day Simple Moving Average (SMA) of $0.42001, indicating a positive performance relative to its token sale price.
💸 Announcing: Sonic Labs Innovator Fund
We're committing up to 200,000,000 FTM to accelerate partner migration for the #Sonic launch!
🤝 The fund complements our 100M+ $S airdrop and will attract an influx of innovative dApps to Sonic.
Learn more 👇https://t.co/KnFJMm8DDr pic.twitter.com/zihVJWBw3Q
— Fantom Foundation (@FantomFDN) June 20, 2024
Furthermore, the token also maintains high liquidity based on its market capitalization. Fantom’s allocation of significant resources to support the Sonic migration highlights its strategic focus on building a strong and active community. This initiative aims to attract top-tier partners and developers, ultimately enhancing the network’s functionality and appeal.
5. Ontology Gas (ONG)
Ontology Gas is changing hands at $0.3737, reflecting a 6.71% increase in the last 24 hours and a 68% rise over the past year. Despite these gains, market sentiment toward ONG is currently bearish, with the Fear & Greed Index indicating a level of 63, suggesting greed among investors.
Trading above its 200-day Simple Moving Average (SMA) of $0.334937, ONG’s 14-day Relative Strength Index (RSI) stands at 46.58, signaling a neutral stance and potential sideways movement soon.
Furthermore, the network recently experienced a rise in decentralized application (dApp) transactions, increasing by 1,344 to 7,765,096 transactions. This uptick underscores growing activity within the platform.
In recent developments, the ONTO Wallet integrated Coinbase Cloud’s Partial ETH Staking, enabling users to stake any amount of ETH easily. This move aims to broaden participation in Ethereum network security and reward opportunities.
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— Ontology #BUIDL4Web3 (@OntologyNetwork) June 19, 2024
Additionally, ONTO’s partnership with XSTAR aims to drive the adoption of Web3 technologies, enhancing accessibility and user engagement across decentralized applications. Moreover, while ONG has shown substantial price growth and increased network activity, current market sentiment remains cautious.
Recent technical integrations and partnerships highlight efforts to expand Ontology’s ecosystem and utility. Investors should consider the neutral RSI and market conditions when evaluating potential investments.
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