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At InsideBitcoins, we analyze the top cryptocurrencies to invest in. By assessing current performance, growth potential, and industry trends, we provide insights to help you make informed investment decisions.
The crypto market has experienced a significant boost, with former U.S. President Donald Trump set to speak at the Bitcoin 2024 conference in Nashville, Tennessee. Bitcoin surged past $68,000, while other major cryptocurrencies also saw gains.
Also, several altcoins have experienced an uptrend following this development, with Cardano, Cosmos, and Theta Network printing significant gains in the market. These tokens are among the top crypto to invest in right now.
Top Crypto to Invest in Right Now
The Cardano network is set to undergo a significant update known as the Chang hard fork, signaling the start of the Voltaire era. This upgrade is crucial as it introduces the mandatory Conway genesis file necessary for the hard fork.
Meanwhile, Core Foundation recently launched its Dual Staking model to enhance Bitcoin yields and set a new market standard. Additionally, Theta Network, in collaboration with Meta AI, introduced Llama 3.1 405B, the most powerful large language model to date.
1. Cardano (ADA)
Cardano uses proof-of-stake technology and aims to empower individuals and foster positive global change by promoting security, transparency, and fairness. The open-source project strives to shift power from centralized structures to individuals at the margins of society.
Moreover, Cardano’s token trades at $0.418, increasing by 1.37%. The token has experienced 15 positive trading days out of the last 30, representing 50% of the time. The 14-day Relative Strength Index is 48.62, suggesting the token is neutral and may continue to trade sideways.
In recent developments, the Cardano network is about to undergo a significant update known as the Chang hard fork, marking the beginning of the Voltaire era. The latest version of the node validator software, version 9.1.0, facilitates this change. This upgrade is essential as it introduces the mandatory Conway genesis file for the hard fork.
The transition from node version 9.0.0 to 9.1.0 is important. It will enhance Cardano’s capabilities by moving from the Vasil upgrade to a more decentralized decision-making process by implementing CIP-1694 on-chain governance mechanisms. This development aims to solidify Cardano’s foundation for future advancements.
2. Theta Network (THETA)
Theta Network aims to reduce content delivery costs, offering a cost-effective solution for developers and businesses. The platform runs on a blockchain compatible with Ethereum smart contracts, providing a flexible environment for developers.
Theta Network offers strong Web3 infrastructure solutions, such as the Theta Video API and Theta Web3 Theater. These tools enable developers to significantly cut video transcoding, storage, and delivery costs through patented Digital Rights Management technology.
Recently, Theta Network introduced Llama 3.1 405B in collaboration with Meta AI, the most powerful large language model. This model is currently available on EdgeCloud. It enables new application and modeling paradigms, including synthetic data generation, which improves the training of smaller models and model distillation—a capability unprecedented at this scale in open source.
Introducing Llama 3.1 405B alongside @AIatMeta, the most powerful LLM to-date. Launching on #EdgeCloud today.
Watch out @OpenAI we're coming for you. https://t.co/tPnzGBID4n pic.twitter.com/PsSE40vIlZ
— Theta Network (@Theta_Network) July 23, 2024
The THETA token saw a 3.04% increase, trading at $1.52, according to CoinMarketCap. This positive performance, relative to its token sale price, indicates its growth potential. Over the past month, the token had 16 green days.
Currently, THETA is trading 15.55% above the 200-day Simple Moving Average (SMA) of $1.32924. Moreover, the 14-day Relative Strength Index (RSI) is at 58.16, suggesting that the token is neutral and may trade sideways. According to Coincodex, the price of Theta Token is predicted to rise by 7.22%, reaching $1.622915 by August.
3. Cosmos (ATOM)
The cryptocurrency market is showing optimism with BTC’s recent rise and the launch of Ethereum ETFs, which is expected to have a positive impact. Due to these improvements, Cosmos (ATOM) stands out as an altcoin with significant potential.
Currently, ATOM is valued at $6.33, with a 24-hour trading volume of $84 million, and it has seen an intraday increase of 3.41%. Cosmos focuses on interoperability, which helps different blockchains communicate and share data effortlessly.
Known as the “Internet of Blockchains,” Cosmos aims to create a connected network of blockchains, improving the efficiency and scalability of the entire ecosystem. The ATOM token is vital in maintaining the network’s security and governance.
As Cosmos integrates with other projects, its value is likely to rise. Several technical indicators suggest a positive outlook. The 14-day Relative Strength Index (RSI) is at 34.96, indicating that the cryptocurrency is currently neutral and may continue to trade sideways.
Notably, ATOM has experienced 16 green days out of the last 30 days. It also has high liquidity, reflecting its market cap. In addition, Cosmos shows promise with its focus on interoperability and its strategic role in blockchain connectivity.
4. Base Dawgz (DAWGZ)
Base Dawgz has attracted significant attention due to its growing community and multi-chain compatibility. This token supports multiple blockchain networks, including Base, Ethereum, Solana, Binance, and Avalanche.
The platform’s innovative approach and unique features distinguish it from others. Utilizing Wormhole and Portal Bridge protocols, Base Dawgz manages blockchain bridges, eliminating the need for manual transfers. This simplifies the process for users, making transactions seamless across different networks.
$2.7 MILLION$DAWGZ just keeps pushing and we don't let up 💪 pic.twitter.com/200LaSt3v0
— Base Dawgz (@BaseDawgz) July 26, 2024
Furthermore, Base Dawgz features a Share-to-Earn system that rewards meme-makers and content creators with DAWGZ tokens, fostering a loyal and engaged community. Base Dawgz aims to build a strong, active user base by incentivizing content creation and sharing.
The project also has a detailed roadmap focusing on community growth, exchange listings, and further development. These plans aim to maintain and increase engagement and interest in the project.
Moreover, Base Dawgz offers attractive returns, with 20% of the total supply allocated for hourly distributions over a year, providing early investors with an annual percentage yield (APY) of over 1107.4%.
At the time of writing, the price of DAWGZ is $0.006725, with an anticipated price increase in two days. The growing momentum is evident as the project’s Telegram channel has already surpassed 3,500 members. This strong community support and innovative features position Base Dawgz as one of the top cryptocurrencies to invest in.
5. Core (CORE)
Core Foundation recently introduced its Dual Staking model to enhance Bitcoin yields and set a new market benchmark. This model builds on Core’s Non-Custodial Bitcoin Staking by adding a BTC bond layer to establish the ‘Bitcoin Risk-Free Rate.’ This shift aims to transition Bitcoin from merely being a store of value to becoming a secure, yield-bearing asset.
The Dual Staking model offers Bitcoin stakers the opportunity to stake BTC and Core rewards for higher returns. Stakers holding CORE tokens alongside BTC can earn “Dual-Staker Rates.” Meanwhile, BTC holders can continue staking their Bitcoins for the base Risk-Free Rate, which refers to the yield generated without counterparty risk within the protocol.
Introducing Dual Staking. Closing the economic loop between Core and Bitcoin🔶
Core has already set the standard with the first-ever non-custodial Bitcoin staking, establishing a Bitcoin Risk-Free Rate – https://t.co/QkyYHnHqjq – but now, the bond between #Coretoshis and… https://t.co/kVNFXmjHvK pic.twitter.com/ydaL404nEx
— Core DAO 🔶 (@Coredao_Org) July 25, 2024
As of today, the Core price is $1.40, with an intraday increase of 2.28%. The market sentiment regarding the token price prediction is currently neutral, while the Fear & Greed Index shows 72 (Greed). Over the past year, the price has increased by 70%. It trades above the 200-day simple moving average and has high liquidity relative to its market cap.
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