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Bitcoin’s price is showing an upward trend as the market enters a bull cycle. Analysts have predicted a potential price target of $180,000 per BTC token. Political and legal developments, including the U.S. presidential election, could be contributing to renewed investor interest and influencing market dynamics.
Meanwhile, Bitcoin’s dominance within the cryptocurrency market has risen to 59%, a level not seen since March 2021. This increase reflects its growing role in the market, driven by clearer regulations and strong demand from investors. While Bitcoin’s dominance highlights its central position, there is also anticipation of growth in decentralized finance (DeFi) and altcoins. As such, investors are looking for the best cryptocurrencies to invest in right now to participate in the anticipated bull run.
Best Cryptocurrencies to Invest in Right Now
Flockerz successfully raised $3.1 million during its presale, signaling strong initial interest in the project. At the same time, Tezos is currently priced at $1.28, marking an 11.90% increase in its value over the last 24 hours. Meanwhile, Peanut the Squirrel has garnered considerable attention this year. With a market capitalization of $1.24 billion, it has secured a spot among the top 75 cryptocurrencies.
1. Tezos (XTZ)
Tezos is a blockchain platform designed for assets and applications, emphasizing security, governance, and decentralization. It incorporates a unique on-chain governance system where users can propose and vote on protocol upgrades based on their stakes. This process occurs entirely on-chain through five phases, including three rounds of voting.
The platform utilizes a Liquid Proof-of-Stake (LPoS) consensus mechanism, offering an energy-efficient approach to network validation. A notable feature is its focus on code security, with formal verification methods ensuring smart contracts function as intended.
Meanwhile, Tezos’ current price is $1.28, reflecting an 11.90% increase over the past 24 hours. It has a trading volume of $631.82 million, showing a 239.64% rise within the same period. The market cap is $1.30 billion, marking an 11.94% growth. The price is trading significantly above the 200-day Simple Moving Average (SMA) of $0.78, with a 62.73% increase.
Calling all gamers! 🎮@GGEM_LAUNCHER is a leading Web3 game discovery platform and infrastructure for games built on #Tezos.
With seamless onboarding, developers can reach new audiences—and gamers can dive into play without having to create a wallet.
GGEM will be showcasing… pic.twitter.com/vokT5xLOoz
— Tezos (@tezos) November 21, 2024
The asset experienced 18 green days in the last 30 days, making up 60% of the period, and has a high 24-hour volume-to-market-cap ratio of 0.8527, indicating strong liquidity.
Moreover, market sentiment surrounding the token is currently bullish. Its 14-day Relative Strength Index (RSI) is 65.63, suggesting a neutral market stance with potential for sideways trading.
2. Flockerz (FLOCK)
The cryptocurrency market has seen the emergence of unique models like move-to-earn, learn-to-earn, and play-to-earn. Flockerz builds on this trend with its vote-to-earn concept, aiming to involve its community in decision-making while rewarding participation. This approach reflects a shift toward user-driven ecosystems within the crypto market.
💙This Flock is Strong!!💙
3M raised and counting! Everyone in this flock is why $FLOCK will be the biggest and best community in crypto!
This presale is chugging along at record speeds! Grab your share here: https://t.co/HKN509Un5J pic.twitter.com/N4ObF230ig
— Flockerz (@FlockerzToken) November 23, 2024
Flockerz raised $3.1 million during its presale phase, indicating early interest. The token, $Flock, is currently priced at $0.0061259, though the price is set to rise in less than two days. Investors exploring the market for the top crypto to invest in right now may consider the project but should assess timing and risk.
The project offers staking rewards with an annual return of 702%, which may attract those seeking passive income. This feature could appeal to long-term holders, as the staking mechanism supports token stability and encourages investment retention. However, such high returns should be evaluated carefully alongside the project’s sustainability.
Market analysts have noted the project’s unique model and the ongoing interest in meme coins as potential strengths. However, its future performance will depend on broader market trends and the effectiveness of its implementation. Potential investors should review the project’s fundamentals and market conditions to make informed decisions.
3. Peanut the Squirrel (PNUT)
Peanut the Squirrel, a cryptocurrency based on the Solana blockchain, has recently gained significant attention. With a market capitalization of $1.24 billion, it is now ranked among the top 75 cryptocurrencies. Currently priced at $1.24, the token has seen a 6.18% increase in value over the past 24 hours.
In the last month, PNUT’s price has risen by 2255%, marking a period of rapid growth. The token reached an all-time high of $2.47 on November 14 but has since experienced a 50% drop in value. Despite this decline, the market sentiment remains optimistic. The Fear & Greed Index is at 80, signaling a high level of market optimism.
The token’s trading activity appears strong, with a 24-hour volume-to-market cap ratio of 2.3063, indicating good liquidity relative to its market cap. Looking ahead, some analysts predict that the price of Peanut the Squirrel could rise by 221.23%, potentially reaching $3.48 by December. As it approaches its recent high, some investors view it as one of the best cryptocurrencies to invest in right now.
4. OKB (OKB)
OKB is the utility token for the OKEx exchange, designed to unlock special features on the platform. Users can use it to calculate and pay trading fees, participate in governance decisions, and earn rewards for holding the token. It supports activities like spot trading, derivatives trading, and developing scalable applications.
The token’s architecture aims to enhance scalability, reduce consensus times, and improve security. At the time of writing, OKB is priced at $52.82, reflecting a daily gain of 3.07%. Over the past week, it has increased by 18.14%, with a 30-day growth of 34.42%. Market sentiment is bullish, supported by a Fear & Greed Index reading of 80, indicating extreme greed.
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— OKX (@okx) November 23, 2024
Furthermore, OKB is trading slightly above its 200-day simple moving average of $52.16, with an RSI of 56.93 signaling a neutral trend and potential sideways movement. Meanwhile, forecasts for November suggest a possible price dip to $51.30, with a range of $49.95 to $53.52 based on recent performance. Investors may see a potential 5.31% return if they buy at current levels and sell near predicted highs.
5. NEAR Protocol (NEAR)
NEAR Protocol (NEAR) experienced a 3.82% price increase in the last 24 hours, reaching $6.42. This rise coincided with Deutsche Telekom’s announcement of support for the protocol, boosting market activity.
The project is also working to integrate decentralized artificial intelligence (AI). A partnership with Zero1 Labs aims to promote decentralized AI tools for developers and innovators. These collaborations have generated positive sentiment within the NEAR ecosystem.
The 24-hour trading volume increased to $1.3 billion, reflecting growing investor interest. NEAR’s market capitalization is $7.8 billion, with a circulating supply of $1.2 billion. The current price sentiment remains bullish, and the Fear & Greed Index indicates “Extreme Greed” at 80.
Congratulations @solana.
The NEAR Ecosystem bears gifts.
Swap SOL for BTC, NEAR, and a host of other assets on their native chain on SolSwap.
Also, @ilblackdragon is shaving his head. https://t.co/LpFttKjJiD
— NEAR Protocol (@NEARProtocol) November 22, 2024
NEAR trades above its 200-day simple moving average (SMA) of $4.89, showing a 31.93% increase. Over the last month, the protocol recorded 17 green trading days, accounting for 57% of the period. Its market cap suggests strong liquidity.
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