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The cryptocurrency market remains strong despite some fluctuations. In December, altcoins experienced a significant surge, marking a notable “altcoin season.” Since then, activity has slowed. The index now sits at 46, suggesting a decline in altcoin dominance but still reflecting solid market activity. This cooling phase indicates that while altcoins are not outpacing Bitcoin as much as they did in December, they continue to show healthy performance overall.
For investors, these metrics help gauge market dynamics. Investors seeking opportunities in the market turn their attention to cryptocurrencies that show growth potential. This article analyzes some of the top crypto to invest in right now.
Top Crypto to Invest in Right Now
MANTRA has recently revealed a significant partnership with the DAMAC Group, finalizing a $1 billion agreement. Meanwhile, Solana’s price is performing strongly, trading above its 200-day simple moving average (SMA) of $179.48. Additionally, Best Wallet Token is making progress in its ongoing presale, raising over $6 million so far, with each token priced at $0.02355.
1. Ondo (ONDO)
Ondo operates at the intersection of traditional finance and blockchain technology, aiming to connect these worlds through its ecosystem. The Ondo Foundation works with Ondo Finance, its commercial partner, to develop decentralized protocols and tokenize real-world assets. This approach seeks to make finance more accessible and efficient.
The ONDO cryptocurrency plays a central role in the governance of the Ondo DAO, a decentralized organization focused on broadening access to high-quality financial products. ONDO token holders participate in decision-making, particularly regarding Flux Finance, a protocol under the DAO’s control. This structure allows users to influence the platform’s direction and priorities.
Currently, the price of ONDO is $1.27, with a trading volume of $423.06 million in the last 24 hours and a market cap of $1.77 billion. The price has decreased by 1.98% over the past day, but the high trading volume relative to its market cap (0.2398) indicates significant liquidity. Analysts predict that the price may increase by 228.05%, potentially reaching $4.13 by February, though predictions are subject to market conditions.
2. MANTRA (OM)
MANTRA recently announced a significant partnership with DAMAC Group, securing a $1 billion agreement. This collaboration focuses on integrating various assets from DAMAC’s portfolio, such as real estate, hospitality, and data centers, into the MANTRA blockchain. The goal is to create a secure ecosystem where these assets can be tokenized, enabling streamlined investment and management.
MANTRA Chain will be the foundation for this integration. Tokenization involves converting tangible and intangible assets into digital tokens on the blockchain. This process aims to make investment opportunities more accessible and efficient for users.
🕉️🚨𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: MANTRA and DAMAC Group @DAMACOfficial Revolutionize Tokenized Real-World Assets with US$1 Billion Deal.#MANTRA and #DAMAC Group will collaborate to enable token-based financing for a diverse range of assets, spanning real estate, hospitality, data centers,… pic.twitter.com/AblEjLgoWH
— MANTRA | Mainnet Live (@MANTRA_Chain) January 9, 2025
By leveraging blockchain technology, the partnership seeks to offer secure and transparent options for managing DAMAC’s investments. Currently, MANTRA is trading at $3.89, with a 24-hour trading volume of $131.29 million. The market cap is $3.26 billion, and the token’s price is 72.56% above its 200-day average of $2.25.
The Relative Strength Index (RSI) of 58.54 indicates stable performance, suggesting a potential for sideways trading in the near term. Despite a slight 2.82% price drop in the last 24 hours, MANTRA shows liquidity and stability. It experienced 15 positive trading days over the past month, suggesting investor confidence. While the sentiment remains neutral, the Fear & Greed Index points to a market leaning toward greed.
3. Solana (SOLANA)
Solana is a blockchain-based platform that enables decentralized finance (DeFi) applications. It operates as an open-source project, leveraging blockchain technology to offer financial solutions without relying on traditional intermediaries.
The SOL token’s current price is $187.08, reflecting a slight decrease of 0.22% over the past 24 hours. Over the last year, its price has grown by 90%, outperforming 68% of the top 100 cryptocurrencies. This performance indicates strong interest and growth compared to other assets in the sector.
Solana is trading above its 200-day simple moving average (SMA) of $179.48, marking a 4.16% increase above this key indicator. The SMA helps investors evaluate long-term trends. The 14-day Relative Strength Index (RSI), which measures momentum, is at 52.36, indicating that the asset is neither overbought nor oversold and may continue to trade without significant shifts.
Moreover, Solana exhibits high liquidity, making it easy to buy or sell without major price changes. Its market cap is $90.42 billion, with a 24-hour trading volume of $12.29 billion, resulting in a volume-to-market cap ratio of 0.1359.
4. Jupiter (JUP)
Jupiter is a cryptocurrency and decentralized exchange platform built on the Solana blockchain. It features an advanced swap aggregation engine that connects users with various liquidity sources, ensuring efficient trading within the Solana ecosystem. The platform offers tools such as Limit Orders, Dollar-Cost Averaging (DCA), Time-Weighted Average Price (TWAP), a Bridge Comparator, and Perpetuals Trading, making it versatile for different trading needs.
Jupiter’s structure provides critical infrastructure for decentralized finance (DeFi) applications on Solana, helping users access liquidity efficiently. It aims to serve experienced traders and those new to DeFi by focusing on straightforward tools and reliable performance.
At press time, Jupiter is priced at $0.7935, reflecting a slight 0.28% drop over the past 24 hours. It trades significantly above its 200-day simple moving average (SMA) of $0.003332, marking a 23,595.05% increase. This suggests long-term price strength and high liquidity relative to its market cap, which enhances its usability for traders.
The 14-day Relative Strength Index (RSI) is 53.35, a neutral value indicating stable trading conditions without strong upward or downward momentum. Analysts predict that Jupiter’s price could rise by 226.82%, potentially reaching $2.58, though this remains speculative.
5. Best Wallet Token (BEST)
Best Wallet offers a platform aimed at simplifying cryptocurrency management. It provides tools for managing assets, trading, staking, and discovering new tokens. The user-friendly design seeks to make navigating the complex crypto market easier for beginners and experienced users.
A standout feature is its Upcoming Tokens tool, which identifies new cryptocurrencies with growth potential. Examples include tokens like Pepe Unchained and Catslap, which saw significant gains after being highlighted on the platform.
Holders of the BEST token gain additional perks. These include exclusive access to airdrops, early entry into promising token presales, reduced transaction fees, staking rewards, and the ability to participate in governance decisions within the platform’s ecosystem. Long-term holders may also use BEST as a portfolio asset.
🔥 Over $6.5M raised – Best Wallet is moving quick! 🔥
This is what momentum looks like. Early movers are locking in their spot for exclusive tools and early access! 💪
Don't miss your chance to join.
Download now 📲 https://t.co/he5kzraFJw pic.twitter.com/hROku9LK2Y
— Best Wallet (@BestWalletHQ) January 6, 2025
The platform’s ongoing presale has raised over $6 million. Currently, BEST is priced at $0.02355, with the cost increasing as the presale progresses. After its launch, the token is expected to be listed on decentralized and centralized exchanges, which could influence its value.
By offering tools and benefits tailored to crypto users, Best Wallet positions itself as a versatile option in the market. It aims to bridge the gap between user needs and the complexities of cryptocurrency interactions. Investors interested in the platform have limited time to buy the token at its current price as future increases are built into the presale structure.
Visit Best Wallet Token Presale
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