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This article explores altcoins investors can consider adding to their watchlist. Discover potential contenders for investment opportunities soon.
Several digital assets have emerged as viable options for investors seeking tokens with growth potential. These altcoins have shown resilience in weathering price fluctuations and are worth considering for investors. This article aims to highlight some of these tokens, shedding light on the factors contributing to their upward trends and success in the market.
Best Cryptocurrencies to Invest in Right Now
Ondo recently disclosed its collaboration with Noble, an asset issuance chain. This partnership aims to introduce tokenized U.S. Treasury offerings to the Cosmos (ATOM) ecosystem, broadening the accessibility of Ondo’s products. Meanwhile, Pendle coin has steadily recovered since mid-March, witnessing a remarkable climb of 225% from $2.30 to a peak of $7.53.
Furthermore, Injective has recently announced a significant milestone, surpassing 500,000 active on-chain addresses. This achievement highlights a thriving community and signals increasing platform adoption for Injective. Following the just concluded halving, Bitcoin‘s price experienced minimal fluctuations, with a modest decline of 0.47%, settling at $63,747.
1. Ondo (ONDO)
Ondo recently announced its partnership with Noble, an asset issuance chain, to introduce its tokenized U.S. Treasury offerings to the Cosmos (ATOM) ecosystem. This move aims to expand the accessibility of Ondo’s products to a wider audience within the crypto space.
The first asset set to be launched through this collaboration is USDY, a tokenized note backed by short-term U.S. Treasuries offering a 5.2% annual yield. Scheduled for release by the end of the second quarter, USDY is already available on Ethereum, Solana, Mantle, and Sui blockchains.
At the time of writing, the Ondo token’s price is $0.81, with a 24-hour trading volume of $1.32 billion. The token experienced an intraday increase of 7.11%. The current sentiment towards its price outlook is optimistic, as reflected by the Fear & Greed Index standing at 72, indicating a level of greed among investors.
In addition, ONDO demonstrates high liquidity based on its market cap. Over the last 30 days, ONDO has experienced 15 green days, indicating a 50% positive performance trend.
2. Dogeverse (DOGEVERSE)
Dogeverse has garnered attention by launching on six prominent smart contract-enabled blockchains. This strategic move aims to make Dogeverse easily accessible across different blockchain networks, ensuring stability in its price amidst the volatile meme coin market.
🌟 Introducing #Cosmo, the remarkable #Doge born from stardust! 🌠
As the ambassador of #DOGEVERSE, Cosmo symbolizes liberty, ingenuity, and unity.
Embark with him on an adventure across the #Crypto cosmos, breaking barriers and venturing into uncharted territories together. 🚀 pic.twitter.com/wzLatjuLMu
— DogeVerse (@The_DogeVerse) April 21, 2024
Unlike its counterparts, Dogeverse boasts protection against the risk associated with traders swiftly shifting between blockchain platforms. By initiating its journey on Ethereum, Binance Smart Chain (BSC), and Polygon, Dogeverse plans to expand its reach to Solana, Base, and Avalanche soon.
This multi-chain approach enhances accessibility and fosters a sense of unity among diverse blockchain communities, symbolized by its mascot “Cosmos the Chain Hopping Dog.” With an ICO of $8.9 million, Dogeverse presents an opportune moment for investors to acquire tokens. The current presale price of $0.000298 per DOGEVERSE token suggests potential growth before the presale concludes in less than 41 hours.
3. BNB (BNB)
In recent assessments, BNB has displayed an upward trajectory, suggesting potential growth. Despite previous declines, the coin’s value maintained above its previous lows, hinting at resilience. Today, the one-day and four-hour analyses signal a significant bullish trend for BNB.
Over the past day, its price has steadily risen, backed by substantial buying activity. Currently valued at $574, BNB has seen a modest 1.15% increase in the last 24 hours, maintaining a sturdy position above the $508.1 support level.
Additionally, BNB is currently trading above its 200-day simple moving average, a technical indicator suggesting positive momentum in its price movement. Furthermore, it has shown positive performance compared to its initial token sale price, suggesting positive investor sentiment.
Thrilled to see @SolvProtocol building on BNB Chain! 🤝🚀 https://t.co/tjclbvTR8G
— BNB Chain (@BNBCHAIN) April 21, 2024
In the past 30 days, BNB has experienced 15 days of positive price movement, accounting for 50% of the observed period. This consistent upward trajectory underscores the coin’s resilience and potential for continued growth in the near term.
4. Pendle (PENDLE)
Pendle coin has steadily recovered since mid-March, climbing 225% from $2.30 to a peak of $7.53. However, the geopolitical tensions in the Middle East led to a temporary dip to $4.9 before bouncing back to $6.88. Currently priced at $5.87, the coin experienced an intraday decrease of 1.21%.
Despite this, investor interest in Pendle has been steadily growing, reflected in a 17.09% increase in trading volume over the past 24 hours. One significant factor contributing to the token’s price rise is its foray into the emerging liquid stacking sector. Additionally, Pendle’s primary function is to tokenize and trade future yields.
Also, with Traditional Finance (TradFi) entering the crypto space, there’s potential for increased demand for its services. Furthermore, Pendle is trading above its 200-day simple moving average and has experienced 17 green days out of the last 30.
Fixed Yields have always been the bedrock of reliable, sustainable growth strategies.
It's one of Pendle's key offerings and it's been an absolute pleasure to see this area grow as DeFi as a whole gets increasingly more institutionalized.
Great to see that Pendle has been able… https://t.co/a5LkIEU7z7
— Pendle (@pendle_fi) April 18, 2024
In addition, its high liquidity, based on market capitalization, adds to its appeal to investors. Moreover, Pendle achieved its ATH of $7.50 on April 11, 2024. Presently, the coin is trading around 20.28% below this peak value, suggesting a possibility for future growth.
5. Injective (INJ)
Injective is a decentralized exchange protocol that aims to facilitate cross-chain trades without relying on central oversight. It’s carving a path for increased financial accessibility and innovation, particularly in peer-to-peer derivatives and spot market trading.
Despite recent fluctuations, the token, INJ, has shown resilience and potential for recovery. Currently priced at $28.01, it has seen a weekly increase of around 10.04%, offsetting a monthly decline of 26.97%. This volatility underscores the promising yet uncertain nature of the crypto market.
Furthermore, INJ has hit several significant price milestones, peaking at $52.56. Technical indicators support its upward trend, signaling ongoing investor confidence in the project’s technology and market strategy. Moreover, Injective announced a proposed upgrade to INJ 3.0 that aims to revolutionize Injective’s tokenomics by slowing token creation and incentivizing staking. The goal is to create a supply-demand balance that could increase the token’s value.
Injective's $INJ 3.0 governance proposal is live!
If the proposal passes, the largest upgrade to $INJ's tokenomics will occur, making it one of the most deflationary assets to date.
🗳️ INJ stakers and validators have 4 days to vote for IIP-392: https://t.co/Di7ebtKMbv pic.twitter.com/DUwd849V1e
— Injective 🥷 (@injective) April 19, 2024
This move mirrors a broader trend in the crypto market, where projects are exploring novel ways to enhance token utility. Also, Injective recently announced that it has reached 500,000 active on-chain addresses, indicating a thriving community and increasing platform adoption.
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