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Check out the best cryptocurrencies to invest in today. Learn what makes them options for investors seeking strategic opportunities in the digital asset market.
Bitcoin fell below $61,000 in the most recent intraday session after failing to retain $63,000. This news sparked a cautious sentiment as BTC witnessed liquidations worth $63 million in the past day, dropping its dominance below the 50-day moving average. Analysts believe that this current trend signals a potential altcoin rally.
As such, market participants seek the best crypto to invest in. Notably, SEI, NEAR Protocol, BinaryX, and Litecoin are highlighted as digital assets worthy of portfolio addition.
Best Cryptocurrencies to Invest in Right Now
Sei recently integrated with Subgraph Studio, enabling developers to create, manage, and publish subgraphs on Sei using the Graph protocol. Similarly, NEAR teamed up with Frax Finance to introduce frxNEAR, a stablecoin and liquid staking derivative. Meanwhile, recent market activity has also sparked optimism among analysts for Litecoin, as the token has shown a positive price trend, boosting investor confidence in its future potential.
1. Sei (SEI)
Sei blockchain’s unique approach emphasizes parallelization and specialized infrastructure, establishing itself as a robust platform for various trading applications. By addressing the constraints of existing layer-1 (L1) blockchains, Sei aims to provide an efficient and seamless user experience.
The system supports trading platforms, NFT marketplaces, DeFi applications, and gaming economies. The SEI token is priced at $0.335 at press time, showing a 1.34% intraday increase. Market sentiment is bullish, while the Fear & Greed Index is at 50, indicating neutrality.
Furthermore, the 14-day Relative Strength Index (RSI) stands at 48.79, suggesting the cryptocurrency is neutral and might trade sideways. The token has high liquidity based on its market cap. The nearest resistance level is $0.45, and support is $0.28.
Excited to announce that Sei is now integrated with Subgraph Studio!
Builders can now create, manage, and publish subgraphs on Sei using @graphprotocol, enabling efficient indexing and querying of data for a seamless development experience.
Welcome to the Sei family, Graph! 🤝 pic.twitter.com/ZpUdhF0UKO
— Sei 🔴💨 (@SeiNetwork) June 27, 2024
Despite a 32% dip over the past month, technical indicators point to potential. The 10-day and 100-day moving averages are close, indicating stability. If bullish trends prevail, the price could surpass the first resistance level and reach $0.54, suggesting a potential gain of over 30%.
In addition, Sei recently integrated with Subgraph Studio, allowing developers to create, manage, and publish subgraphs on Sei using the Graph protocol. This integration enhances efficient data indexing and querying, providing a smoother development experience.
2. NEAR Protocol (NEAR)
NEAR Protocol supports fast, low-cost transactions and is designed for rapid growth through its unique sharding technology. It aims to address traditional blockchain challenges like high fees and slow speeds. With a strong team and active community, the NEAR token shows potential.
Currently, NEAR is trading at $5.29. The bulls have shown strength with a 0.24% rise over the past week. Nonetheless, the token was down 27.37% for the month; however, it witnessed a 42.28% gain over six months. This momentum suggests NEAR could potentially climb over 20%, testing higher resistance levels soon.
In a recent development, the NEAR Foundation partnered with Economics Design to support NEAR ecosystem projects with effective tokenomics and sustainable economic design. This collaboration aims to bolster the NEAR ecosystem’s financial infrastructure.
Similarly, NEAR partnered with Frax Finance to launch frxNEAR, a stablecoin and liquid staking derivative. This aims to leverage NEAR’s advanced blockchain technology, mirroring the performance seen with Frax Finance’s ETH staking derivative, sfrxETH. This collaboration combines user-owned AI with programmable money, potentially driving financial innovation.
Whatever float, always sustainable.
The @NEARFoundation has partnered with the tokenomic mega minds at @EconsDesign to support NEAR ecosystem projects with tokenomics, sustainable economic design, and a whole lot more: https://t.co/i9Nhc6y2Et
— NEAR Protocol (@NEARProtocol) July 1, 2024
Additionally, Frax Finance will integrate NEAR’s decentralized applications into Fraxtal, a liquidity hub for the crypto space. This integration aligns with NEAR’s chain abstraction capabilities, further enhancing its ecosystem.
Furthermore, NEAR Protocol presents a promising blockchain solution with advanced technology and strategic partnerships. While it faces market fluctuations, its long-term potential remains significant.
3. Litecoin (LTC)
Recent market activity has sparked optimism among analysts for several altcoins, including Litecoin. The token has shown a positive price trend, which has fueled investor confidence in its future potential.
Litecoin is designed to offer fast, secure, and low-cost payments using blockchain technology’s unique properties. Furthermore, transactions are typically confirmed in just minutes, and transaction fees are nearly negligible when using LTC.
The token currently trades at $74.64, reflecting a 4.19% increase over last week. These gains are attributed to the excitement around increased adoption as a payment method and supportive on-chain metrics. Additionally, Litecoin surpasses Bitcoin and Ethereum in terms of authentic active addresses.
BREAKING: A record 25 MILLION Ordinals have now been inscribed on Litecoin! #Litecoin ⚡️ $LTC
Adding 1.5 million in just two weeks. #Ordinals #LTC20 pic.twitter.com/IzOwUVKZXE— Litecoin (@litecoin) June 27, 2024
Over the past 30 days, LTC has experienced 15 green days, indicating positive movement for half of the month. It also boasts high liquidity relative to its market cap. The 14-day Relative Strength Index (RSI) is at 30.55, suggesting that the token is currently neutral and may continue to trade sideways.
Considering the overall market sentiment and technical indicators, predictions suggest that Litecoin’s price could reach $99.74 by the end of the year. This positive market sentiment and technical indicators position Litecoin as a considerable token to watch for potential investment.
4. 99Bitcoins (99BTC)
99Bitcoins has introduced the 99BTC token, showing significant interest with a presale exceeding $2.3 million. This token operates on the Ethereum and BNB Smart Chain networks and will eventually launch under Bitcoin’s BRC-20 token standard.
The platform employs a Learn-to-Earn model, rewarding users with crypto for completing educational modules, quizzes, and tests. This encourages learning, enhancing its utility.
Furthermore, users holding the 99BTC tokens can access features such as crypto trading signals, BRC-20 tools, educational resources, and a VIP community group. In addition to the presale, 99Bitcoins initiated a crypto airdrop campaign, distributing $99,000 worth of Bitcoin.
The campaign attracted over 13,906 entries, with 99 winners to be selected on July 19, generating significant community participation. The 99BTC tokenomics aims to support platform growth and incentivize participation.
🎉 Exciting milestone alert! 🎉
We have now raised over $2.2 MILLION in our $99BTC presale! 🚀
Secure your spot now before the #Presale price increases! 👀
Don’t miss out—get started today!
👉 https://t.co/NXD7DAamqr#99Bitcoins #BTC #Crypto #L2E pic.twitter.com/xQC6lg0euI— 99Bitcoins (@99BitcoinsHQ) June 17, 2024
Moreover, the total supply is capped at 99 billion tokens, with 10.5% allocated to presale buyers, 14% for staking rewards, and 44.5% for community incentives and project growth funds. This allocation strategy balances immediate rewards with long-term growth and community engagement.
5. BinaryX (BNX)
Initially a decentralized derivative trading platform, BinaryX shifted focus due to the growing popularity of GameFi and metaverse games. Now, BinaryX functions as a GameFi platform, offering Initial Game Offerings (IGO) to help Web2 developers transition into Web3.
BinaryX provides several services, including infrastructural support, a DAO governance system, and community building to support promising GameFi projects. The goal is to drive innovation in blockchain gaming.
Furthermore, the platform aims to create sustainable economic models for its games, adding engaging gaming experiences to the ecosystem. Notable games developed by BinaryX include CyberDragon and CyberArena, both are top performers on the BNB Chain.
At press time, BNX is priced at $1.01, reflecting an intraday surge of 17.43%. The market sentiment surrounding BinaryX is currently bullish, while the Fear & Greed Index reads 50, indicating a neutral sentiment. Over the past 30 days, BinaryX has experienced 17 green days.
Currently, BinaryX has established a support level at $0.65 and is showing significant volume as it approaches the next target of $1.57. The 14-day Relative Strength Index (RSI) is at 49.65, indicating a neutral position and suggesting that the cryptocurrency may trade sideways soon.
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