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This article examines tokens that have demonstrated resilience and promise amid fluctuating conditions, presenting them as potential opportunities for market participants.
The cryptocurrency market is evolving, with a growing emphasis on altcoins. Due to their recent price movements, Polkadot, VeChain, and Arweave have garnered significant attention from market participants. As attention shifts towards these altcoins, their unique features and potential for growth in the DeFi and blockchain sectors are increasingly examined.
Top Crypto to Invest in Right Now
VeChain recently collaborated with Oobit to integrate its VET token into Oobit’s Tap & Pay feature. Meanwhile, Filecoin is attracting considerable attention in the crypto market, particularly due to new partnerships emphasizing integration with artificial intelligence. Additionally, Arweave has experienced a notable price surge, with its token value rising by 13.66% intraday, marking a significant development.
1. Polkadot (DOT)
Polkadot is known for interoperability, linking multiple blockchains for smooth information sharing. Its distinct parachain architecture enables parallel processing, boosting scalability and efficiency. The platform also ensures continuous improvements through community consensus.
The platform presents a potential investment opportunity for those interested in the future of blockchain technology. Fabian Gompf, CEO of the Web3 Foundation, recently announced the Polkadot Ecosystem Fund by Scytale Digital at the Polkadot Decoded event. It is set to launch in October this year.
This fund aims to leverage Polkadot’s potential by providing growth capital to boost its ecosystem, targeting startups within the network. In terms of market performance, DOT has seen a 4.94% increase over the past seven days in a generally volatile market. This makes DOT one of the top crypto to invest in right now.
📣 BREAKING: @FabianGompf, on stage at @PolkadotDecoded, just announced a new Polkadot Ecosystem Fund from @scytaledigital 📣
The fund aims to leverage the transformative potential of the Polkadot network and provide growth capital to boost the ecosystem ⚡️
Launching in October… pic.twitter.com/XKjbtEVygt
— Polkadot (@Polkadot) July 12, 2024
This price movement is one of the few gains after months of decline, with 15 green days in the last 30 days. The 14-day Relative Strength Index (RSI) is 40.55, indicating a neutral position that may suggest sideways trading. At press time, the token experienced a 6.64% intraday surge, trading at $6.23.
2. 99Bitcoins (99BTC)
99Bitcoins offers a Learn-to-Earn model that encourages users to enhance their crypto knowledge while earning rewards. With a total supply of 99 billion tokens, the current presale aims to raise funds to support BRC-20 integration and accelerate platform development.
This integration with the Bitcoin network through BRC-20 presents opportunities within the expanding field of Bitcoin-based dApps and projects. By aligning with these advancements, 99Bitcoins aims to benefit from potential growth in this sector.
🎉 Milestone alert! 🎉
We have now raised over $2.3 MILLION in our $99BTC presale! 🚀
Don't miss your chance to get in early. 👀
Join the #Presale now!
👉 https://t.co/NXD7DAaUfZ#99Bitcoins #BTC #Crypto #L2E pic.twitter.com/mA1rKiGuE8— 99Bitcoins (@99BitcoinsHQ) July 5, 2024
The Learn-to-Earn model has garnered significant interest. The presale has raised over $2.4 million, selling 99BTC tokens at $0.00113 each. Users can purchase tokens with ETH, USDT, BNB, or fiat currencies using a credit or debit card.
Furthermore, the platform aims to educate people about digital assets through several features. According to the project’s whitepaper, the platform provides access to premium courses, expert trading signals, and community channels. These resources are designed to offer comprehensive educational tools for those interested in cryptocurrency.
99BTC also launched a crypto airdrop campaign, distributing $99,000 worth of Bitcoin. This has attracted over 14,579 entries, with 99 winners to be selected on July 19. It has generated significant attention and participation within the community.
In addition, 99BTC’s tokenomics are structured to support the platform growth and incentivize user participation. The total supply of 99BTC is capped at 99 billion tokens, with 10.5% allocated to presale buyers. Additionally, 14% is reserved for staking rewards, and 44.5% is dedicated to community incentives and project growth funds.
3. VeChain (VET)
VeChain recently partnered with Oobit to integrate its VET token into Oobit’s Tap & Pay feature. This integration allows users to use digital assets for everyday transactions, supporting VeChain’s environmental, social, and governance (ESG) initiatives.
With the integration, users can engage with sustainability-focused decentralized applications (dApps) through VeBetterDAO and earn B3TR, VeBetterDAO’s incentive token. This mechanism increases the use of VET and VTHO tokens.
Furthermore, VeBetterDAO operates on VeChain’s ‘X-2-Earn’ model, rewarding users for everyday transactions and promoting sustainability efforts among individuals and corporations.
Additionally, VeBetterDAO has been on a remarkable growth trajectory since its launch in February 2024. Japan has been a leader in adopting VeBetterDAO, with about 3,496 unique users in the past seven days. This surge is attributed to Japan’s focus on technological development and blockchain advancements.
With $VET now integrated into @Oobit’s Tap & Pay feature, everyone can use #VeChain for everyday transactions.
This leap towards Better mobile payments is helping take crypto mainstream, and make their payments with more energy efficient technologies. pic.twitter.com/RdT1Uq0VF9
— VeChain (@vechainofficial) July 12, 2024
Moreover, VeChain’s token is currently experiencing a positive trend, making it a top crypto to invest in right now. The token has increased by 8.81% in the past day and 19.78% over the past week despite a monthly decline of 5.69%. In addition, VET has seen 16 green days in the last 30 days, indicating significant upward movement.
4. Filecoin (FIL)
Filecoin is gaining significant attention in the crypto market. Analysts and investors closely monitor this digital asset, especially as it reports new partnerships focusing on artificial intelligence integration.
A recent collaboration with Theoriq, a communication platform, aims to develop smart AI agents to utilize data stored on Filecoin’s decentralized network. This integration enhances the security and intelligence of Filecoin’s data management ecosystem by combining DePIN and AI.
In another development, the Filecoin Foundation partnered with SingularityNET. This collaboration seeks to advance network governance, fund research, and development projects, as well as expand the Filecoin ecosystem and community. The partnership has distinct short, medium, and long-term goals.
Big news from FIL Brussels! @SingularityNET has integrated @Filecoin's decentralized data storage network and will begin storing their metadata via @LighthouseWeb3 🎉
And that's just phase one. Learn about phase two and three in @Cointelegraph 👇 https://t.co/O3YV96XuAz pic.twitter.com/awhUpQcySJ
— Filecoin Foundation (@FilFoundation) July 10, 2024
Furthermore, SingularityNET will use Filecoin’s Lighthouse SDK to store metadata in the short term. For the medium term, the focus shifts to integrating Filecoin’s technology stacks into SingularityNET, meeting archival data needs, and enhancing the security of AI-generated data storage. The long-term objective is to utilize Filecoin to build and manage a Knowledge Graph, a comprehensive database representing relationships between data points.
Currently, FIL is showing strength in the current market. It has established support at $3.40; if it breaks through this level, the next target is $6.20. At the time of writing, FIL is trading at $4.20, marking a 5.03% increase in the last 24 hours.
5. Arweave (AR)
Arweave offers a permanent, low-cost, and scalable data storage solution. The platform employs a distinctive proof-of-access consensus mechanism, ensuring data is stored permanently and tamper-proof. Unlike traditional centralized data storage solutions, AR operates fully decentralized.
Moreover, Arweave’s recent price surge is a significant development, with the token’s value increasing by 13.66% intraday. Also, the token further surged by 9.23% over the past week.
This bullish trend, along with the token trading 274.56% above its 200-day Simple Moving Average (SMA), indicates significant long-term growth potential. The token has shown positive performance compared to its initial sale price, with 17 green days in the last 30 days, further solidifying its upward trend.
Furthermore, the 14-day RSI for AR is 41.65, suggesting a neutral position. The token shows high liquidity based on its market cap, making it a potentially stable investment. Analysts predict that if Arweave announces collaborations with other networks, its price could surpass $32.35 by the end of the year.
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