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InsideBitcoins updates on top crypto to invest in, analyzing recent price performance and market trends to highlight those with strong growth potential and favorable conditions.
The crypto market is currently displaying various trends and investment opportunities. While major tokens are showing declines, several altcoins are emerging as promising options with potential significant returns. As the market evolves, these digital assets could provide unique opportunities for investors seeking to capitalize on these trends. Investors may uncover unexpected gains amidst the broader market dynamics by exploring these promising altcoins.
Top Crypto to Invest in Right Now
Quant has attracted a growing community of developers and investors, highlighting its potential. Currently, its trading volume experienced an intraday surge of 0.25%, showing a favorable sentiment, which indicates a likely price increase.
In other developments, Moca Network has partnered with The Open Network (TON) Foundation to create a network focused on identity and reputation. Additionally, Mega Dice Casino, with over 50,000 active players, has recently surpassed the $1.6 million milestone during its presale phase.
1. Quant (QNT)
Quant is a blockchain-based platform and cryptocurrency designed to facilitate communication and interoperability between different blockchain networks. It enables developers and businesses to create and deploy decentralized applications across blockchains.
The platform uses Overledger technology, which allows different blockchains to interact seamlessly, addressing a significant industry challenge. This advancement enhances functionality and boosts efficiency, positioning Quant as a reliable platform.
The platform has attracted a growing community of developers and investors, indicating its potential. At press time, Quant’s price is exchanging hands at $61.94, reflecting a 6.74%% decrease over the past 24 hours. Nonetheless, the token’s trading volume experienced an intraday surge of 0.25%, showing a favorable sentiment, which indicates a likely price increase.
Moreover, the token’s high liquidity, supported by its market capitalization and growing community support, shows investor confidence in QNT.
Furthermore, the token’s 14-day Relative Strength Index (RSI) is at 55.50, suggesting it is currently neutral and may experience sideways trading. Over the past 30 days, Quant has seen 16 green days, demonstrating consistent trading activity.
2. Moca Network (MOCA)
Mocaverse leverages blockchain technology to create a unique cultural and economic environment. By integrating various sectors like music, sports, gaming, and education into the blockchain space, it aims to revolutionize them. This initiative bridges the digital and physical realms, promoting seamless blockchain integration into everyday life.
Recently, Moca Network partnered with The Open Network (TON) Foundation to build a network centered on identity and reputation. Both parties are exchanging their tokens, MOCA Coin and Toncoin, to incentivize growth and encourage engagement between their user bases. The integration of Moca ID and Mocaverse’s decentralized identifier into the TON Blockchain’s reputation system, known as TON Society ID, is a key aspect of this partnership.
The goal is to boost user growth through strategic market initiatives and token resources. This includes adding Mocaverse’s cross-platform product and the Realm Network SDK to the TON Blockchain. This integration will enhance the reputation system and encourage users to join various TON ecosystem apps.
Furthermore, the MOCA token currently trades at $0.1229, with a weekly surge of 17.36%. The token’s trading volume increased by 4.60%, reaching 30.83 million, indicating heightened market activity. This surge reflects strong buying or selling pressure on the token.
Moreover, market sentiment surrounding MOCA is currently bullish. The token trades above the 200-day simple moving average and has seen 18 green days in the last 30 days.
3. Mega Dice (DICE)
DICE is the native token of the Mega Dice Casino, which boasts over 50,000 active players. Recently, it surpassed the $1.6 million milestone during its presale phase. The excitement around the DICE presale stems from the rising popularity of crypto casinos and various community incentives such as revenue sharing and daily bonuses.
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Here’s why $DICE is set to become the leading GameFi token, outpacing all… pic.twitter.com/Y3KZDxmkHH
— Mega Dice Casino (@megadice) July 31, 2024
According to the project’s whitepaper, DICE holders gain access to exclusive rewards, bonuses, and limited-edition NFTs. Additionally, token holders can use their tokens to engage with the casino platform. Regarding tokenomics, the project has allocated 147 million DICE tokens for presale buyers, representing 35% of the total supply.
Another 63 million DICE, accounting for 15% of the supply, will be used to provide liquidity once the token is listed on a decentralized exchange (DEX). The platform also offers token holders the chance to earn daily rewards based on the casino’s performance.
Moreover, holders receive some of the casino’s profits by staking their DICE tokens. The team has designed the reward scheme to allow the community to benefit from the potential long-term growth of the Mega Dice platform, making it the top crypto to invest in right now.
4. Tezos (XTZ)
Tezos is a high-performing blockchain and open-source platform designed for assets and applications. It prioritizes code security, on-chain governance, and decentralization. It allows any network user to propose and vote on protocol upgrades proportional to their stake.
Voting occurs entirely on-chain and unfolds in five phases, including three voting rounds. Tezos 2.0 is the next evolution for the platform, aiming to enhance scalability through layer 2 solutions, improve composability, and add support for mainstream programming languages such as JavaScript, TypeScript, and Python.
Furthermore, the XTZ token has seen an upward trend. Currently, the token is trading at $0.6652, though it experienced a 5.18% decrease intraday. The 14-day Relative Strength Index (RSI) is at 49.18, suggesting that the cryptocurrency is neutral and may trade upwards. According to current Tezos price predictions from CoinGecko, the price is expected to rise by 0.32% to reach $0.686498 by September.
That’s a wrap for #TezDev 2024 🎬
The @Tezos ecosystem’s flagship conference and side events at #EthCC showcased the best of Tezos and Web3, powered by community members, builders, and enthusiasts to learn and network.
🧵 Check out the thread for some of the highlights 👇… pic.twitter.com/dcDesnzB2q
— Tezos (@tezos) July 18, 2024
Recently, Tezos partnered with Manchester United, a major football club, to launch the Premier League’s first Web3 fantasy football game. This game, Fantasy United, debuts for the 2024/25 season. It integrates digital collectibles with a highly interactive fantasy football experience, allowing fans to manage Manchester United players virtually.
Fans can create fantasy squads and collect unique player trading cards, enriching fan interaction and modernizing football fandom. This initiative is part of the club’s ongoing digital efforts to engage fans.
5. Arbitrum (ARB)
Arbitrum has experienced a decline, dropping about 17% last week. However, several developments on the platform could positively influence investor perception in the long term. These new changes might boost the token’s value.
Metalend, a blockchain lending company, recently announced its support for Arbitrum on its platform. This addition will likely attract more users to Arbitrum, leveraging Metalend’s large following. With Arbitrum’s growing role in the crypto lending space, the platform might see increased activity in this sector.
Welcome @DestraNetwork to Arbitrum Orbit
Using @ankr as their Rollup-As-A-Service provider, Destra will provide a suite of services that make true decentralization possible https://t.co/eiOJsd4R9x
— Arbitrum (💙,🧡) (@arbitrum) August 1, 2024
The number of active users in Ethereum Layer-2 protocols is rising, suggesting a potential bull run for Arbitrum. Additionally, the token is trading at its support level of $0.58, and indicators like the 10-day moving average show potential for an upward trend. ARB could surpass its nearest resistance level at $0.89 if bullish momentum continues.
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