Join Our Telegram channel to stay up to date on breaking news coverage
The Bank of New York (BNY) has been granted a variance from adhering to the SEC’s Staff Accounting Bulletin (SAB) 121 guidelines. This permits the bank to offer Bitcoin custody services as part of its regular business operations, marking a significant step for institutional involvement in the crypto market.
The news of BNY’s variance coincided with a surge in Bitcoin’s price. This rise in value reflects growing market optimism and interest in the cryptocurrency market, particularly as major financial institutions like BNY become more involved. BNY’s ability to offer crypto custody services represents a positive signal for the broader crypto industry.
In addition to Bitcoin’s price rally, this development has a ripple effect on several altcoins, with many seeing positive price movements. As a result, investors are increasingly scanning the market for the best cryptocurrencies to invest in right now, seeking opportunities in both established and emerging digital assets.
Top Crypto to Invest in Right Now
Recently, ZRO has demonstrated a strong upward trend, with its value rising by 10.56% over the past week to $4.22. Meanwhile, Flare has rolled out an upgrade to its data system with the launch of Flare Time Series Oracle version 2 (FTSOv2) on its mainnet.
1. Optimism (OP)
Optimism employs optimistic rollups to enhance the Ethereum network’s scalability. This technology enables faster transaction speeds and lower costs, addressing one of Ethereum’s significant challenges as it maintains its position in the smart contract sector. As Ethereum seeks to accommodate broader adoption, solutions like Optimism are essential for supporting network expansion.
Optimism prioritizes long-term sustainability over quick fixes. Its design leverages Ethereum’s consensus mechanism while implementing optimistic rollups, facilitating increased efficiency without compromising security or decentralization.
Welcome @WalletConnect and its builders to the Superchain Ecosystem 🔥 https://t.co/ruYPXH0rt2
— Optimism (@Optimism) September 19, 2024
Current market sentiment around Optimism appears bullish, with the Fear & Greed Index registering at 52, indicating a neutral outlook. Over the past year, OP’s price has risen by 31%, suggesting a positive trend. Furthermore, it has traded above the 200-day simple moving average, which often signals potential continued growth.
Optimism has shown resilience in terms of market performance, with 15 out of the last 30 days marked by price increases. The project also boasts high liquidity, supported by its market capitalization, making it accessible for traders. Additionally, Optimism is available on major exchanges such as Binance, further enhancing its visibility and trading opportunities.
2. Pepe Unchained (PEPU)
Pepe Unchained is gaining attention as Pepe coin investors seek to diversify their portfolios. This project has attracted interest due to its decentralized nature and growth potential. With a focus on building a robust community, Pepe Unchained has positioned itself as a promising token in the market.
At press time, the project raised over $14 million, reflecting significant investor interest. The team behind Pepe Unchained aims to launch a developed ecosystem by supporting developers from the start. By the time of its official launch, they hope to have an established platform to support further growth.
14M
Riding the L2 wave! Big thanks to the community for the continued support! We are growing so fast! pic.twitter.com/EjlPQLZxjm
— Pepe Unchained (@pepe_unchained) September 20, 2024
One key aspect of Pepe Unchained’s roadmap is the development of a Layer 2 Mainnet, which is expected to offer lower transaction fees and higher staking returns. The presale valued the PEPU token at $0.00983, and investors could participate using various cryptocurrencies like ETH, USDT, BNB, or traditional payment methods such as credit or debit cards.
The project’s primary goal is simplifying trading by reducing transaction costs and delays, making it appealing to meme coin traders prioritizing speed and cost efficiency. A notable feature of Pepe Unchained is its developer grant initiative, branded as “Pepe Frens with Benefits.”
This program attracts developers to create applications, NFT projects, and decentralized finance (DeFi) tools on the network. Furthermore, PEPU aims to foster a vibrant ecosystem by early supporting developer engagement.
Its Layer-2 network promises faster transactions and lower fees than Ethereum, which could appeal to the meme coin community. This infrastructure might also boost the adoption and value of the PEPU token as the project continues to evolve.
Visit Pepe Unchained Presale
3. LayerZero (ZRO)
LayerZero is an omnichain interoperability protocol that enables efficient message passing across different blockchain networks. Its primary function is facilitating secure and reliable communication between chains, acting as a “blockchain of blockchains.” This allows independent blockchains to interact directly, without intermediaries, in a trustless environment.
In terms of recent market performance, ZRO has shown a positive trend. Its price increased by 10.56% over the past week, bringing the token’s value to $4.22. A key support level has been identified at $3.809, where buyers have shown interest during recent market dips. The immediate resistance level stands at $4.05, and if the token breaks past this point, it could move toward the $4.10 mark.
The token has traded positively, with 19 green days in the last 30 days, reflecting consistent performance. Its high liquidity also indicates strong market interest based on its market cap. Furthermore, the current bullish sentiment surrounding the token suggests the potential for further price increases.
Meanwhile, LayerZero’s role in enabling direct communication between blockchain networks positions it as an important part of the growing multi-chain future. Its support for various blockchains, including EVM and non-EVM chains, adds to its versatility. While its recent price action has been positive, driven by strong liquidity and buyer interest, continued success will rely on maintaining market momentum and overcoming key resistance levels.
4. Hedera (HBAR)
Hedera is a public network designed for the decentralized economy. It supports individuals and businesses in creating decentralized applications (dApps). Unlike many older blockchain-based platforms, Hedera aims to overcome issues like slow transaction speeds and network instability.
It seeks to offer a more efficient and fairer system, positioning itself as a sustainable, enterprise-grade option. Recently, Hedera joined forces with Ripple and Aptos Labs through the MiCA Crypto Alliance. This initiative, led by the DLT Science Foundation (DSF), focuses on helping blockchain companies navigate the European Union’s regulatory landscape.
Moreover, this alliance encourages compliance with regulations by promoting collaboration between blockchain firms while driving innovation within the EU. As shown by Coinglass data, it has contributed to an increase in trading activity. Investor confidence appears to be growing, largely due to Hedera’s proactive approach to aligning with EU regulatory standards.
1/3 📢 We’re excited to announce the #Hedera Asset #Tokenization Studio: the open-source, end-to-end toolkit for the configuration, issuance, and management of tokenized bonds and equities on the Hedera network.
Explore: https://t.co/gt9HkLWkAB pic.twitter.com/H8OqIhxemH
— Hedera (@hedera) September 17, 2024
As of the latest data, Hedera’s price is $0.05383, marking a 5.44% rise over the past week. It has shown a strong market presence, with 15 green days in the last 30 days. Based on its market capitalization, it maintains high liquidity. Hedera’s focus on regulatory alignment and strategic partnerships positions it as one of the best cryptocurrencies to invest in right now, particularly within the European market.
5. Flare (FLR)
Flare has launched an upgrade to its data provisioning system with the introduction of Flare Time Series Oracle version 2 (FTSOv2) on its mainnet. This update builds on the foundation of the first version (FTSOv1), which has provided stable, decentralized data feeds for the past two years without experiencing any downtime or failures.
FTSOv2 integrates directly into Flare’s core architecture, leveraging the full economic security of the network. This means the data feeds it provides are as secure as the blockchain. One notable improvement in this version is reduced latency.
Flare Time Series Oracle has had zero downtime since its inception.
V2 is getting even better.
▸ Block-latency feeds
▸ Scalable to 1,000 feeds
▸ Free to query
— Flare ☀️ (@FlareNetworks) September 16, 2024
Moreover, FTSOv2 updates with each new block on the Flare network, which occurs approximately every 1.8 seconds. This quicker data delivery allows developers and users to access more immediate and reliable information, which is crucial for various applications.
Importantly, these performance enhancements are achieved without compromising decentralization. Despite these technical advancements, the price of FLR, Flare’s native token, has seen a slight decline of 2.84% over the past 24 hours. It is currently valued at $0.01481.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
