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Investors consistently look for significant altcoins, anticipating growth and returns. Several altcoins are experiencing a notable uptick through technical analysis and market sentiments, indicating promising opportunities. This article analyzes these tokens that show potential for substantial returns, catering to investors aiming for significant gains.
InsideBitcoin offers a selection of tokens that are gaining investor interest due to improved market updates and growth potential. This resource provides investors with an easy entry point into the market.
Best Cryptocurrencies to Invest in Right Now
PlayDoge is attracting significant attention, having raised over $5.2 million and showing strong investor interest and confidence in its potential. Kazakhstan’s Astana Financial Services Authority (AFSA) recently approved Toncoin trading on licensed platforms. Meanwhile, Oasis Network has teamed up with Hats Finance to enhance security within its ecosystem. This partnership centers on the Sapphire platform, with a 1 million $ROSE pool established to support this initiative.
1. Gnosis (GNO)
Gnosis, with a market cap of $826 million, is ranked 85th on CoinMarketCap. Moreover, the token is exchanging hands at $279.69, reflecting a slight 0.24% increase in the intraday session. Notably, GNO is trading 108.02% above its 200-day Simple Moving Average (SMA) of $134.59.
The token has experienced 15 green days in the past 30 days, indicating positive performance. Market sentiment surrounding the token suggests a bullish trend and potential for growth. Furthermore, Gnosis is known for building decentralized infrastructure on the Ethereum blockchain.
Its initial focus was creating prediction markets to provide global access to accurate information. However, while developing its prediction market platform, it recognized the need for a robust infrastructure to support its operations. This led to Gnosis Safe, a secure and essential tool within its ecosystem.
In addition, Gnosis functions as a decentralized autonomous organization and provides infrastructure for various decentralized applications. It aims to build products that facilitate transparent decision-making regarding its ecosystem’s development, support, and governance. Gnosis seeks to advance the Ethereum ecosystem by focusing on these goals through innovative decentralized solutions.
2. PlayDoge (PLAY)
PlayDoge is gaining significant attention, raising over $5.2 million and demonstrating strong investor interest and confidence in its potential. The current token price is $0.00514, with expectations of an increase as the presale continues. This robust performance suggests high market expectations for PlayDoge’s success post-launch.
Furthermore, PlayDoge features a multichain functionality. Initially launched on the BNB Smart Chain, it has expanded to Ethereum. This gives investors a choice between BSC’s low fees and Ethereum’s substantial decentralization.
This strategic expansion has been positively received, contributing to the total funds raised during the presale. Launching on the BNB Smart Chain positions PlayDoge for a possible listing on Binance, a major centralized exchange. The platform draws inspiration from Tamagotchi, a popular virtual pet game from the 1990s that sold over 82 million units.
By modernizing this concept, PlayDoge allows users to relive their childhood experiences, now with real crypto rewards. Users earn experience points (XP) by taking care of their pet doge and playing minigames, which can boost their rankings on the project’s leaderboard.
The share-to-earn protocol is another key feature, encouraging community members to promote the token. Participants earn points that can be exchanged for PLAY tokens, fostering an engaged and active community, which could positively impact the token’s valuation.
In addition, PLAY‘s combination of nostalgic appeal, multichain functionality, and community engagement strategies positions it as one of the best token to consider buying. Its ongoing presale success and strategic moves suggest a promising future for the project.
3. Toncoin (TON)
Amid a general bearish downturn in the crypto market, Toncoin has shown resilience, achieving significant milestones. Kazakhstan’s Astana Financial Services Authority (AFSA) recently approved Toncoin trading on licensed platforms.
This regulatory approval is expected to attract new investors, bolstering confidence in TON’s stability and potential. By being part of a regulated ecosystem, TON holders can now trade on exchanges licensed by the Kazakh regulator, enhancing the token’s legitimacy and appeal.
In addition, the TON platform is poised for further development through a new fund backed by the Bitget crypto exchange. Bitget, in collaboration with Singapore-based investment firm Foresight Ventures, has announced a $20 million TON Ecosystem Fund.
This fund is dedicated to supporting early-stage projects on the TON platform, reflecting the increasing number of TON-based applications and the growing value of the token. The fund aims to provide comprehensive support for project development within the TON ecosystem.
This includes offering liquidity on the Bitget platform, which will facilitate smoother operations for projects and enhance the overall growth of the TON network. Toncoin’s recent performance highlights its strong community engagement and expanding network.
🚀📈🔥 2,000,000 followers on @X!
Another step closer to putting crypto in every pocket. 💎
Thank you for your incredible support!
RT and comment $TON to celebrate with us! 🎉🎉🎉 pic.twitter.com/sX6oRy73yC
— TON 💎 (@ton_blockchain) June 28, 2024
Furthermore, the cryptocurrency has experienced a rise in active addresses, surpassing Ethereum in daily transactions. This trend indicates Toncoin’s increasing influence and widespread adoption. According to CoinMarketCap, TON is currently changing hands at $7.64, reflecting a 0.65% increase in the past 24 hours.
This suggests a bullish trend amidst a generally bearish market. Furthermore, Pantera Capital has expanded its investment in Toncoin, adding fresh capital and signaling growing optimism about the cryptocurrency’s future.
4. Oasis (ROSE)
Oasis Network is a blockchain framework for developing decentralized applications (dApps) through smart contracts. It boasts unique features such as enhanced scalability, robust security, low transaction fees, decentralization, and a strong emphasis on privacy. These attributes position it as a viable alternative to Ethereum.
The platform features privacy measures, ensuring users’ data remains off the blockchain. This makes it particularly appealing for developers who create dApps that demand secure and private transactions. Unlike many other blockchains, Oasis Network prioritizes user privacy, setting it apart.
Oasis Network has partnered with Hats Finance to bolster security within its ecosystem further. This collaboration focuses on the Sapphire platform, where they have established a 1 million $ROSE pool. This fund is designated for secondary audits and bug bounties, aiming to enhance the security of dApps built on Oasis.
Hats Finance will manage this program, rewarding researchers and ethical hackers who identify and develop exploits in selected dApp code. This initiative reflects Oasis Network’s commitment to maintaining a secure and reliable environment for dApp development.
Exciting news for Web3 & AI! 📢
We've collaborated with @Rivalz_AI to explore off-chain verifiable compute (teeML) and on-chain confidentiality with Oasis Sapphire, enhancing their commitment to data provenance: 🧵👇https://t.co/CekYHjBO0l
— Oasis (@OasisProtocol) June 28, 2024
The ROSE token, native to the Oasis Network, recently experienced a 0.50% increase in value, now priced at $0.0968. It currently trades above the 200-day simple moving average, indicating positive momentum. Additionally, the token has seen 15 green days in the last 30 days, suggesting relative growth and stability.
Furthermore, the platform has recently collaborated with Rivalz Network to explore off-chain verifiable compute (teeML) and on-chain confidentiality using Oasis Sapphire. This collaboration enhances their commitment to data provenance.
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