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The global cryptocurrency market cap stands at $1.98 trillion, reflecting a 4.44% decline in the past 24 hours, with Bitcoin experiencing a 4.53% drop. As the cryptocurrency market is experiencing a downward trend, altcoins such as Litecoin, Helium, and Flare show growth potential and attract significant investor interest. Investors should remain vigilant, as these tokens may present an opportunity to capitalize on. This guide analyzes some of the best cryptocurrencies to invest in right now, examining their distinct features, recent developments, and potential for future growth.
Best Cryptocurrencies to Invest in Right Now
Recently, Litecoin has demonstrated solid performance with a consistent upward trend. In the NFT gaming space, Immutable’s recent partnership with Portal marks a significant milestone. Meanwhile, Flare Network has also made progress by integrating Polyhedra’s zkBridge, enhancing its cross-chain security.
1. Litecoin (LTC)
Litecoin (LTC) is a cryptocurrency that uses blockchain technology to enable fast, secure, and low-cost transactions. Transactions are typically confirmed within minutes, and transaction fees remain minimal.
Recently, Litecoin has exhibited strong performance, showing a steady upward trend. Over the past day, LTC gained 0.16% in value, supported by increased whale activity. Over the past week and month, it has risen by 8.93% and 2.43%, respectively.
The token further recorded 17 green days in the last 30 days and boasts high liquidity relative to its market capitalization. Moreover, the 14-day Relative Strength Index (RSI) for Litecoin is 53.81, suggesting a neutral position that might lead to sideways trading in the near term.
Furthermore, the Litecoin Foundation and its community continue to focus on improving the network’s usability and scalability. Ongoing developments include the introduction of privacy features, integration with payment systems, and forming strategic partnerships.
Looking forward, Litecoin is expected to maintain its upward trajectory. Analysts remain optimistic, citing the growing demand for secure and efficient payment systems as a driving factor. However, as with any market, these trends should be observed.
2. Helium (HNT)
Helium Mobile has shown noteworthy progress in the telecommunications sector, with its Helium token reflecting a positive trend. Recent data suggests a bullish trend in HNT’s daily performance. Consistent green candles were observed this month and over the past week.
This upward movement aligns with Helium’s strong DePIN narrative, which appears to support its growth. According to Helium’s website, the network’s Hotspot map highlights significant expansion, indicating further growth potential. Over the last 30 days, Helium Mobile’s network usage has advanced, contributing to the token’s recent price increase.
At the time of reporting, the HNT token has risen by 3.34%, trading at $7.54. Over the past week, it recorded steady gains of 6.11%, leading to a 45.57% jump in daily trading volume.
With a market capitalization of $1.2 billion, Helium currently ranks 54th in the cryptocurrency market. Its strong performance, in line with the broader market recovery, suggests the potential for a $10 breakout later this year.
3. Immutable (IMX)
Immutable recently partnered with Portal, a prominent Web3 distribution platform, marking a significant step forward in the NFT gaming space. This collaboration aims to transform how Web3 games are distributed, monetized, and experienced.
Furthermore, the partnership seeks to make Web3 games more accessible and appealing to a broader audience, leveraging Portal’s strengths in user acquisition, rewards, and payment systems. This will be used alongside Immutable’s established game development platform. The partnership has the potential to significantly boost the growth of Web3 gaming, as it could help these games gain greater traction among mainstream users.
Moreover, Immutable has also teamed up with MARBLEX, the Web3 subsidiary of Netmarble. Although specific details of this partnership have not been disclosed, it is anticipated to drive notable significance in blockchain gaming.
Immutable 🤝 @PortalCoin
Portal is the leading web3 distribution platform. We are making it easy for players worldwide to gain easy and rewarding access to the best web3 games.
Web3 gaming is for everyone.
This partnership marks a significant leap forward for web3 gaming with… pic.twitter.com/aIUenpUgHM
— Immutable (@Immutable) September 3, 2024
Meanwhile, the IMX token is changing hands at $1.20, reflecting a 2.35% intraday decline. Despite this, the trading volume has increased by 25.27%, suggesting a possible shift in market sentiment and future growth opportunities.
Over the past month, the token has posted a modest gain of 0.79%, indicating a positive performance. The token also shows strong liquidity, supported by its market capitalization.
4. Pepe Unchained (PEPU)
Pepe Unchained has demonstrated significant momentum since its ICO launch, reaching the $11.9 million milestone. This rapid progress can be attributed to its distinct features, particularly its use of the innovative Layer-2 blockchain, known as ‘Pepe Chain.’
One of the primary factors setting PEPU apart is its focus on enhancing transaction speed while offering the potential for higher returns. The project draws on the initial excitement around Pepe Coin, positioning itself strategically within the Ethereum network.
Although the current plan centers on Ethereum, long-term ambitions exist to develop an independent blockchain. This expansion could potentially broaden its ecosystem, making room for other tokens or meme coins in the future.
A crucial element contributing to the project’s early success is the attractive staking rewards, which offer an annual yield of 170% to early participants. As a result, over 939 million PEPU tokens have already been staked.
We’ve just hit $11.5M!
Pepe Unchained keeps breaking records, and we’re not slowing down. Thanks to everyone for pushing us to new heights—exciting things are on the horizon! 🐸🚀 pic.twitter.com/LPEjLcrHF3
— Pepe Unchained (@pepe_unchained) September 2, 2024
Furthermore, Pepe Unchained has also gained visibility through features on major crypto platforms. PEPU follows a straightforward 3-step roadmap, with developers committing to regular updates on social media. The strategy emphasizes gradually building a large and active investor community.
As the ICO progresses, potential investors have a limited timeframe to engage before a possible post-DEX price surge, which some speculate could increase by up to 100 times. This presents a unique opportunity for early investors to potentially benefit from the surge.
5. Flare (FLR)
Flare is a layer-one blockchain that enhances functionality by leveraging the Ethereum Virtual Machine (EVM). It offers developers decentralized access to reliable data from multiple blockchains and the Internet, expanding application development and monetization opportunities.
Recently, Flare Network made a notable advancement in cross-chain security by integrating Polyhedra’s zkBridge, a modern cross-chain interoperability protocol. This partnership includes the incorporation of Polyhedra’s zkBridge DVN, adding another security layer to LayerZero’s existing interoperability protocol. This development highlights Flare’s ongoing efforts to strengthen cross-chain interoperability, positioning it as one of the best cryptocurrencies to invest in right now.
Despite these advancements, FLR has experienced a slight decline of 1.17% over the past 24 hours, currently trading at $0.01602. This decrease aligns with the broader correction in the global cryptocurrency market. However, FLR has shown a 2.79% gain over the past month, with a significant increase in trading volume of 113.41%, reaching 7 million.
Technical analysis suggests growth potential, as the 14-day Relative Strength Index (RSI) is at 50.48, indicating a neutral stance with the possibility of sideways trading. According to CoinCodex, Flare’s price could range between $0.018926 and $0.089576, with a prediction of reaching $0.047149 by October.
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