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Best Cryptocurrencies to Invest in Right Now October 2 – Arkham, Celestia, Terra Classic

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The crypto market experienced a significant downturn on Wednesday, driven by heightened tensions between Israel and Iran. Bitcoin saw its price drop from $64,000 to $60,000 before recovering slightly to trade above $61,000. Despite this rebound, the broader crypto sector’s total valuation decreased by 4.25%, now standing at $2.16 trillion within the past 24 hours. Nevertheless, trading volume surged by 42%, reaching $115 billion as market activity intensified.

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Amid this volatility, some altcoins have shown stability and attracted attention from investors. These cryptocurrencies are demonstrating resilience during this period of increased market activity. The following review highlights a few of the best cryptocurrencies to invest in right now.

Best Cryptocurrencies to Invest in Right Now

The cryptocurrency market has experienced significant changes, with Terra Classic reflecting part of this trend. Meanwhile, the Arkham token has remained resilient, continuing to attract attention in the crypto market. On a different front, Flockerz brings a fresh perspective to the meme coin sector by combining decentralized governance with community-driven rewards. So far, the project has raised over $347,000.

1. Arkham (ARKM)

Arkham focuses on analyzing and deanonymizing blockchain transactions. It helps users understand the activities of entities involved in these transactions by linking blockchain addresses to real-world identities. By offering aggregated data and large-scale analytics, the platform aims to improve transparency and efficiency in crypto markets.

The Arkham token has shown resilience in the crypto market and continues to draw attention. It is currently trading at $1.41, with a significant intraday trading volume gain of 42.40%, reaching $122.31M. Despite a recent 8.80% decline over the past 24 hours, the token has gained 39.31% in the last month. 

ARKM Price Chart

Over the past year, its price has risen by 213%, surpassing the performance of Bitcoin and Ethereum. In terms of technical indicators, the 14-day Relative Strength Index (RSI) for the Arkham token is at 59.20, which suggests the token is in a neutral zone and may see sideways trading. 

Furthermore, the token has also recorded 15 days of price increases in the past 30 days, reflecting a 50% positive trend. Its high liquidity, relative to its market cap, further supports active trading and ease of transactions. With its long-term gains and high liquidity, the token remains one of the best cryptocurrencies to invest in right now.

2. Flockerz (FLOCK)

Flockerz introduces a novel approach to the meme coin market by integrating decentralized governance with community-based rewards. At press time, the project has raised over $347,000, branding itself as “The People’s Meme Coin.” Moreover, Flockerz features a vote-to-earn system, which promotes a more democratic and engaging experience for token holders.

The project also features Flocktopia, a decentralized autonomous organization (DAO). In this structure, every holder of FLOCK becomes a member with equal voting rights. DAOs operate through blockchain technology, allowing members to propose and vote on decisions that guide the project’s future. To foster active participation, members who vote are rewarded with FLOCK tokens, which reinforces ongoing involvement and shared decision-making.

Meanwhile, the project has a total supply of 12 billion tokens, with 2.4 billion (20%) available for presale at $0.0056785 per token. As the sale progresses, the price will increase. An additional 20% of the supply is allocated to marketing efforts to boost visibility and secure exchange listings. Another 10% is set aside for liquidity on exchanges, while 25% is reserved for the DAO treasury to support development initiatives.

Furthermore, Flockerz also emphasizes staking as a core feature. It dedicates 25% of its total token supply, amounting to 3 billion FLOCK tokens, to staking. Participants earn a yield of 7010% over two years, incentivizing long-term commitment. Staking helps reduce token availability, potentially supporting the project’s overall stability.

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3. Terra Classic (LUNC)

The cryptocurrency market has seen notable shifts, with Terra Classic (LUNC) reflecting some of this movement. Recently, a well-known crypto analyst shared an optimistic view on LUNC, backing this outlook with a chart that shows signs of a potential upward trend. 

According to the data, the analyst suggests LUNC could experience a substantial price increase, sparking speculation about its potential to reach higher levels during the current bull market. As of the latest update, LUNC is valued at $0.00008966, marking a 3.01% increase over the past week. 

LUNC Price Chart

The analyst predicts that LUNC could rise significantly, targeting a range between $1 and $5, which represents a considerable jump from its current price. While the past 24 hours have seen minor declines, the overall trend appears upward despite the typical volatility associated with the cryptocurrency market.

One of the notable events driving recent price activity is Binance’s 26th token burn. The exchange removed 1.14 billion Terra Luna Classic (LUNC) tokens from circulation, a strategic move that often influences supply and demand. Following the burn, LUNC saw price increases of over 10%. The token burn has played a role in boosting LUNC’s market value.

4. Celestia (TIA)

Celestia positions itself as the world’s first blockchain network focused on data availability. The project has recently gained attention for securing important price resistance levels, even before the anticipated broader market rally. Over the past 30 days, TIA’s price has increased by 30%, and in the last week, it has seen a further 5.7% rise, bringing its current price to $6.2.

Moreover, TIA has experienced 17 days of positive price movement within the last month, accounting for 57% of that period. This activity is supported by high liquidity relative to its market cap, which suggests there’s a healthy level of trading interest. Currently, TIA is available for trading on Binance, one of the largest cryptocurrency exchanges.

TIA Price Chart

Furthermore, some analysts predict the bullish trend will continue, partly driven by the impact of a recent funding round. The Celestia Foundation successfully raised $100 million, with major contributions from Bain Capital Crypto, Syncracy Capital, 1kx, Robot Ventures, and Placeholder. 

This funding brings the total amount raised by the project to $155 million, reinforcing its financial position and potential for further development. Celestia’s unique approach to blockchain technology and its strong backing have positioned it as a project to watch

5. Stellar (XLM)

Stellar operates a decentralized, open-source payments network designed to facilitate fast and cost-effective fund transfers. The platform supports transactions across various currencies, including digital fiat and cryptocurrencies like Bitcoin. Moreover, Stellar aims to improve them by offering a platform that enables global financial collaboration.

The platform is highly adaptable to different financial needs, making it a versatile tool for transferring value in a global context. A significant factor contributing to Stellar’s growth is its strong partnerships. 

XLM Price Chart

Collaborations with companies like IBM have demonstrated real-world use cases for the network. For instance, IBM’s World Wire uses Stellar’s blockchain to facilitate cross-border payments and settlements, highlighting the technology’s ability to address real business needs.

Furthermore, Stellar’s token is priced at $0.09359, showing modest monthly gains of 1.84%. The trading volume has seen a notable 89.30% increase in intraday activity, reaching $109 million. The token has also shown a relatively strong performance, with 19 green days out of the last 30, equating to a 63% positive trend. Its high liquidity, supported by its market capitalization, allows for easy trading, particularly on major exchanges like Binance.

At its current low price point, Stellar offers an entry option for those interested in blockchain projects with real-world applications. As global demand for low-cost, efficient payment solutions rises, Stellar’s focus on enhancing financial systems positions it well for potential long-term growth. 

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