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Discover the best crypto for current buying opportunities. Benefit from in-depth analysis for informed market entry decisions.
As the Bitcoin Halving event approaches, investors search for altcoins to add to their portfolios. Altcoins witnessed a significant rise early this year, capturing investors’ interest. As a result, investors seek out the best altcoins for potential investment as the next bull market approaches. This analysis identifies the coins and assesses their market potential.
Best Crypto to Buy Right Now
Recently, MANTRA launched its Hongbai Incentivized testnet, which holds immense potential for developers, users, and institutional players. DOGEVERSE presale has raised over $5 million. Moreover, OKB is trading at $57.92, marking an intraday increase of 4.22%. Meanwhile, Bitcoin has faced significant volatility recently, with its price reducing to as low as $61,000.
1. OKB (OKB)
OKB is currently trading at $57.92, showing a 4.22% increase in the last 24 hours. With a market cap of $3.49 billion and a trading volume of $83.05 million, it holds a market dominance of 0.15%. Over the past year, OKB has seen a rise of 12%.
Moreover, OKB’s price is currently above its 200-day simple moving average, indicating a positive trend in its value. However, the sentiment regarding its price prediction is neutral, while the Fear & Greed Index is 65, suggesting a level of greed among investors.
The recent announcement of OKB’s launch of X Layer on the public mainnet coincides with its value surge. This move aims to onboard its substantial user base of 50 million onto the blockchain. X Layer’s mainnet, utilizing zero-knowledge proofs technology, commenced operation on April 15.
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— OKX (@okx) April 16, 2024
It leverages Polygon’s technology to facilitate faster and cheaper transactions across blockchains. This integration enhances security and scalability, making it attractive to Ethereum developers due to its compatibility with the Ethereum Virtual Machine (EVM). This compatibility simplifies the application migration process.
Through X Layer, users on OKX can now benefit from improved asset transfers, crypto transactions, and access to various decentralized applications (DApps). These services are powered by OKB tokens, adding utility to the OKB ecosystem.
2. Maker (MKR)
In a recent update shared on X, MakerDAO shed light on its recent performance following significant protocol updates. Over the past weeks, MakerDAO has introduced notable changes to the protocol and DAI stablecoin. Introducing the Accelerated Proposal and the direct deposit module (D3M) to Spark’s Metamorpho Vault has had a noticeable impact on the ecosystem.
Furthermore, the Maker’s total value locked (TVL) is currently at approximately $5 billion. The protocol’s growth is mainly due to strategic deployments in D3M modules and substantial contributions from Ethereum-based collaterals. Additionally, integrating real-world assets has further enhanced its diversification and resilience.
The market is optimistic about Maker’s price prediction, with a Fear & Greed Index of 65 (Greed). Also, the coin trades above the 200-day simple moving average, with 18 green days recorded in the last 30 days, indicating a positive trend.
How has the Maker Protocol performed after the most recent changes?
In recent weeks, MakerDAO has deployed significant changes to the protocol and DAI. Among the most impactful are the effects of the Accelerated Proposal and the introduction of D3M to Spark's Metamorpho Vault.… pic.twitter.com/e61buOCBUK
— Maker (@MakerDAO) April 11, 2024
Over the past year, MKR has seen a remarkable price increase of 291%, outperforming 85% of the top 100 crypto assets, including Bitcoin and Ethereum. In addition, Maker is trading at $3,082.07, with a modest intraday increase of 0.34%. Its high liquidity, as evidenced by its market cap, further solidifies its position in the market.
3. Dogeverse (DOGEVERSE)
Dogeverse is poised to become the first Doge Meme token operating across a multichain framework. This project aims to span Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Baseto to forge an interconnected ecosystem for Doge meme investors.
The project’s roadmap is a well-planned journey that unfolds through several phases. It all starts with the exciting ‘The Big Bang’ inception stage, which involves launching the project website, developing the smart contract, and establishing social media channels. This is followed by the development phase, which includes contract audits, presale initiation, and community engagement efforts, all aimed at building a strong foundation for the project.
Another great milestone to start the day! 🌞#DOGEVERSE surpasses the $5 million mark! 💰#Cosmo thanks you all and could not be happier with our growing community! 🐶🙌
Next stop – $5.5M 🚀#Crypto #Memecoin #Multichain #Ethereum pic.twitter.com/GKBGMDOg6X
— DogeVerse (@The_DogeVerse) April 16, 2024
The Cosmo mascot plays a pivotal role as a symbol of multichain utility within the crypto meme community. It strives for recognition on decentralized exchanges (DEXs) and centralized exchanges (CEXs), symbolizing the project’s commitment to widespread adoption and recognition.
Plans include seeking listings on prominent cryptocurrency tracking platforms like CoinMarketCap and CoinGecko, followed by token listings on various DEXs during the expansion phase. Updates on DEXTools and Birdeye platforms aim to improve accessibility and visibility.
Recent milestones highlight substantial investor interest, with the DOGEVERSE presale raising over $5 million. Currently priced at $0.000296 with an APY of 190%, investors have a one-day buying opportunity before the next price increase.
4. cat in a dogs world (MEW)
cat in a dogs world has recently gained momentum following its listings on several prominent exchanges, including Gate.io, BingX, Jupiter, KuCoin, and, most recently, OKX. These listings have significantly increased its accessibility, potentially leading to higher trading volumes and liquidity. This could drive up the price of MEW.
The recent addition of MEW to OKX further solidifies its standing by attracting a broader audience and potentially boosting trading activity. Despite not being listed on major exchanges like Binance yet, there is considerable anticipation surrounding MEW.
mew is now live… on OKX… 😼🌎https://t.co/ILYXeBIa4p pic.twitter.com/WMPJwAeQAn
— MEW (@MewsWorld) April 15, 2024
With a growing number of investors showing interest and support from established players, MEW appears well-positioned to take advantage of the current positive sentiment towards meme coins. Currently, the token is trading at around $0.005308, experiencing a decrease of over 5% in the past 24 hours. However, it has increased 35.88% over the past week. Its high liquidity is evident from its market capitalization.
5. MANTRA (OM)
MANTRA has recently launched its Hongbai Incentivized testnet, which holds immense potential for developers, users, and institutional players. This testnet aims to bridge traditional and DeFi markets by tokenizing Real-World Assets (RWAs), a significant step for MANTRA in harnessing RWA tokenization on a layer 1 blockchain specifically designed for security.
Following an initial testnet phase in November 2023, the project strives to involve a broader audience. This inclusive approach aims to refine the RWA tokenization process. It also aims to broaden its ecosystem by attracting users, developers, and institutional players.
The primary objectives of the testnet include integrating OM as the chain’s native token and enabling developer access to the CosmWasm smart contract platform. Additionally, the testnet aims to develop a new user interface and custom modules while gradually onboarding validators. Also, the project seeks to engage users through various activities to foster participation and feedback.
👨💻 Hongbai Incentivized #Testnet is LIVE!
We’re thrilled to open the floodgates to the Hongbai testnet, welcoming over 100,000 eager participants to explore #MANTRA— the premier security-first Layer 1 blockchain for #RWA tokenization.
Read more: https://t.co/W6FhBgqE9Q
🛠️ What… pic.twitter.com/lsJXcLoGtr
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) April 10, 2024
Furthermore, the OM price has increased slightly by 0.12% in the last 24 hours. The sentiment towards MANTRA’s price prediction is bullish, with the Fear & Greed Index scoring 65 (Greed).
In addition, the token is trading above its 200-day simple moving average and has demonstrated positive performance compared to its token sale price. Additionally, the project boasts high liquidity based on its market capitalization, reflecting favorable market conditions and investor interest.
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