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This article analyzes the top cryptos to buy now, each showing strong potential for growth. Their unique offerings and recent developments make them attractive investments as the market prepares for a bull run.
The bull run and altcoin season are expected to start soon. The overall market is calm, setting the stage for a significant surge. Altcoins are still trading at low prices, creating an opportunity for substantial gains.
Certain altcoins are poised for explosive growth, promising significant profits. Anticipation is building, and investors are searching for altcoins that will lead the charge. This article analyzes the tokens attracting investor attention.
Best Crypto to Buy Right Now
Among the altcoins drawing significant interest are SingularityNET, GateToken, and Hedera. The AGIX token has seen increased trading activity and investor optimism after its merger announcement into Artificial Superintelligence (ASI). Meanwhile, Hedera is priced at $0.07733, showing a slight increase of 0.52% in the last 24 hours.
WienerAI has drawn significant interest in the cryptocurrency market after raising $6.9 million in funding and capturing investor attention. GateToken, at press time, is changing hands at $7.84, marking a gain of 0.13% over the previous day.
1. Metaplex (MPLX)
Metaplex operates as a decentralized platform on the Solana blockchain, facilitating digital asset creation, trade, and utilization. Recently, MPLX has shown resilience, establishing support around $0.30 and approaching a target of $0.52 with significant trading volume.
Over the past 24 hours, the token’s value has increased by 19.54%, bringing its market capitalization to approximately $92.33 million. Moreover, market sentiment towards MPLX is optimistic, reflecting a Fear & Greed Index 51, which indicates a neutral stance.
Notably, the token trades significantly higher than its 200-day Simple Moving Average (SMA), currently at $0.07073, marking a 420.52% increase. Furthermore, the token has seen monthly gains of 20.14%, supported by a weekly rise of 2.67%.
The next step in the evolution of the Metaplex DAO has begun!
50% of the Metaplex Protocol’s May fees (4,490 SOL) and an initial small portion of the historical fees (5,510 SOL) were used to purchase $MPLX in June.
In total 3.8 million $MPLX was contributed to the Metaplex DAO! pic.twitter.com/7umWebLA54
— Metaplex 🦾 (@metaplex) July 1, 2024
The 14-day Relative Strength Index (RSI) is at 59.65, suggesting a neutral position and a likelihood of sideways trading in the near term. Metaplex’s strategic focus is on enhancing digital asset creation and trade efficiency on Solana. This approach positions the platform well in volatile market conditions, allowing for measured gains and stable support levels.
2. WienerAI (WAI)
WienerAI has garnered attention in the cryptocurrency market by securing $6.9 million in funding and attracting investor interest. It stands out due to its AI-driven trading tool, which is designed to optimize trading accuracy and efficiency. This tool integrates humor with advanced technology, aiming to engage users in interactive trading experiences.
Investors can consult the AI for insights into investment strategies receiving detailed market analyses and trading suggestions. Notably, the platform ensures trades are executed at favorable prices across decentralized exchanges (DEXs), safeguarding users from predatory trading bots.
Beyond trading, WienerAI is committed to advancing AI solutions applicable to data analysis, process automation, and support systems. The project also prioritizes community building through “The Sausage Army,” fostering camaraderie among its users. Additionally, WienerAI offers a staking mechanism enabling WAI token holders to earn rewards, enhancing its appeal as an investment opportunity post-listing.
Full speed ahead with WienerAI! 🌭🚀
Harness the power of AI for smart, efficient trading. Make every trade a winning one! 💪🤖 pic.twitter.com/LEtVQoTNEP
— WienerAI (@WienerDogAI) July 1, 2024
In addition, WAI distinguishes itself through innovative AI technologies that enhance trading capabilities and community engagement. This is further backed by substantial investor support and a clear roadmap for future development.
3. GateToken (GT)
GateToken has garnered attention in the cryptocurrency market due to its focus on simplifying peer-to-peer payments and financial services. As an ERC-20 token, GT facilitates transactions with advantages such as reduced trading fees and access to premium features.
The platform utilizes smart contracts and automated agreements to enable seamless fund transfers and transactions at predefined prices. This automation enhances user control over their finances while aiming to stabilize market fluctuations.
The token is integrated with the Ethereum Virtual Machine, offering an on-chain wallet for managing digital assets directly on its network. This eliminates the need for third-party wallets and simplifies the deployment of Ethereum-compatible smart contracts.
Furthermore, GateToken processes transactions swiftly, completing them in approximately 4 seconds. It can process up to 2,745 transactions per second (TPS). As of the latest update, GateToken is priced at $7.84, reflecting a modest increase of 0.13% in the past day.
Market sentiment towards GateToken appears bullish, while the Fear & Greed Index indicates a neutral stance at 51. Additionally, GT is trading significantly above its 200-day Simple Moving Average (SMA), suggesting robust market performance over the longer term. The 14-day Relative Strength Index (RSI) stands at 55.36, signaling a neutral phase for the cryptocurrency with potential for sideways trading.
4. Hedera (HBAR)
Hedera operates on an open-source proof-of-stake network designed for the next generation of the web. Furthermore, Hedera utilizes a unique technology capable of handling thousands of transactions per second, distinguishing it from the competitive cryptocurrency landscape.
Amidst growing interest in altcoins, HBAR stands out due to its potential to innovate financial systems, offering both stability and forward-looking technology.
The 24-hour price chart for HBAR indicates a bullish trend. At press time, Hedera is trading at $0.07733, reflecting a modest increase of 0.52% over the last 24 hours. The 14-day Relative Strength Index (RSI) sits at 50.71, indicating a neutral market sentiment that suggests potential sideways trading in the near term.
🛠️Calling all #Hedera developers and projects!
The @ElectricCapital Developer Report – an annual analysis showcasing activity within open-source #web3 ecosystems – is set to receive a mid-year update and we need your help to highlight the strength of the network.
Follow the… pic.twitter.com/8m68dEzmBE
— Hedera (@hedera) June 25, 2024
According to analysts, if the current performance trends persist, the average price of HBAR could stabilize around $0.14. Also, there is speculation that HBAR could potentially reach up to $0.31 by the end of the year, based on ongoing market conditions.
In addition, Hedera aims to redefine transactional efficiency on the web. Its current market dynamics suggest cautious optimism among investors, supported by technical indicators pointing towards a stable but potentially promising future for HBAR.
5. SingularityNET (AGIX)
SingularityNET made waves in the cryptocurrency community by announcing a merger involving Fetch.ai and Ocean Protocol, forming what is now known as Artificial Superintelligence (ASI). This move has significantly impacted the value of AGIX tokens, leading to a notable rally.
Experts predict that ASI could soon rank among the top 20 cryptocurrencies, potentially reaching a market cap of up to $7.5 billion. The merger’s initial phase focuses on consolidating AGIX and OCEAN tokens into FET on the Ethereum blockchain. To participate, token holders from other chains must bridge to Ethereum.
Furthermore, SingularityNET operates a blockchain platform designed to create, share, and monetize AI services in a global marketplace. Users can browse, test, and purchase AI services using the platform’s native utility token. Additionally, AI developers can publish their tools on the marketplace, monitor their performance, and earn from their creations.
📢 Phase 1 of the Artificial Superintelligence Alliance @ASI_Alliance Token Merger
We are pleased to announce the initiation of Phase 1 of the ASI token merger involving SingularityNET (AGIX), @Fetch_ai (FET) and @oceanprotocol (OCEAN).
Phase 1 Overview
This initial phase of… pic.twitter.com/iNtOAL7386
— SingularityNET (@SingularityNET) July 1, 2024
Meanwhile, AGIX is valued at $0.6137 at press time, showing a modest intraday increase and trading above its 200-day moving average. Furthermore, the token’s market capitalization supports its liquidity, reflecting positive performance compared to its initial token sale price.
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