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The cryptocurrency market is on the brink of an anticipated upturn, marked by a potential bull run and altcoin season looming ahead. Presently, the market shows stability with mounting anticipation. Altcoins are trading at relatively down trends, suggesting they are primed for potential surges in value.
This period presents a distinct opportunity for substantial profit potential. This analysis identifies altcoins poised for growth, offering insights that could uncover significant investment opportunities.
Top Crypto to Invest in Right Now
Investors are increasingly eyeing digital assets demonstrating strong performance and promising growth prospects. Understanding market dynamics, such as recent price movements, trading volumes, and community interest, provides valuable insights for strategic investments. The Stack token has demonstrated notable upward momentum, accompanied by increased network activity.
Meanwhile, Avalanche has recently forged a strategic partnership with GT Protocol to bolster the speed and efficiency of financial applications running on its platform. Additionally, Subsquid announced a collaboration with Guru Network to broaden data coverage for Web3 and AI processors.
1. Stacks (STX)
Stacks have recently shown strong upward movement, with significant growth in network activity. The Stacks ecosystem is experiencing notable expansion, as important metrics have reached all-time highs, indicating fast adoption and increasing utility. The number of active accounts in Stacks has surged, reflecting growing interest and an engaged user community.
The trading volume of STX has risen to over $900 million, signaling increased user activity on the Stacks platform, the success of its protocols, and heightened investor interest. Additionally, Stacks has surpassed 1,100,000 unique wallets, demonstrating its expanding community and the trust it has earned from users.
Furthermore, the number of active addresses in Stacks has also increased. This growth is driven by new features in existing decentralized applications (dApps) and the success of newly launched protocols. It shows growing interest in Stacks and its ability to retain users with attractive dApps and services.
Due to the overall market downturn, the STX price has been downward since reaching an all-time high of $3.84 on April 1. In early June, STX attempted to break out of the bearish trend, spiking to $2.48, but this level could not be maintained. Currently, STX is trading at $1.67, showing strong resistance and a bullish move by trading above the 10-day Simple Moving Average (SMA).
Bitcoin L2 #Stacks sees all time high in active accounts 🧡
– Data by @signal21btc pic.twitter.com/uOYkm2mCWP
— stacks.btc (@Stacks) June 27, 2024
Moreover, the 14-day Relative Strength Index (RSI) is at 37.18, indicating that the token is currently neutral and may trade sideways. Stacks is trading 72.47% above the 200-Day SMA, which is $0.97297.
The coin also has high liquidity based on its market cap. With the NAKAMOTO upgrade and the release of sBTC expected this year, Stacks is poised to set new benchmarks for performance and adoption.
2. Quant (QNT)
Quant aims to connect blockchains and networks globally without compromising efficiency and interoperability. It is the first project to address the interoperability issue by creating the first blockchain operating system.
Moreover, the platform’s primary goal is bridging the gap between blockchains. The Overledger network serves as the project’s backbone and is envisioned as the foundation for the future digital economy ecosystem.
Quant facilitates more than just multiple blockchain interactions. It creates different layers for apps to interact on various levels. These layers include transactions, messaging, filtering, ordering, and an application layer for sharing and referencing identical messages related to other applications.
At press time, the QNT token trades at $77.38, reflecting a 9.73% intraday increase. Compared to its token sale price, the token has shown positive performance and high liquidity based on its market cap.
Furthermore, the 14-day Relative Strength Index (RSI) is at 55.50, indicating a neutral state where the token may trade sideways. However, market sentiment around the QNT token is bearish. Analysts suggest that traders consider buying the dip in anticipation of a significant future surge.
3. Subsquid (SQD)
Subsquid Network is a decentralized data lake and query engine designed to provide developers with efficient, permissionless access to data. It aims to build a neutral and open internet based on Web3 principles. The network uses ZK proofs for security and has a modular architecture that supports high scalability and developer convenience.
This makes it ideal for blockchain indexing, dApp development, and analytics. Moreover, Subsquid Network offers a decentralized alternative to centralized infrastructure firms, including large RPC and API providers. Its economic model aims to reduce data costs for Web3 developers to zero over time.
At the time of writing, SQD’s price is $0.1012, reflecting a 7.47% increase in the last 24 hours. The token has seen 16 positive days in the past 30 days. Recently, Subsquid announced a partnership with Guru Network to expand data coverage for Web3 and AI processors, including non-EVM ecosystems.
Another exciting example of how Subsquid can support innovation at the intersection of AI x Blockchain. https://t.co/roitEsnFnH
— Subsquid 🦑 (@subsquid) June 24, 2024
The Subsquid SDK simplifies integration, while the Guru Data Warehouse aggregates data streams for AI processors. This partnership enhances decentralized AI-driven automation, providing robust solutions for DeFi, social applications, gaming, infrastructure management, and the creator economy.
4. 99Bitcoins (99BTC)
99Bitcoins Token has raised over $2.3 million during its presale. This token introduces the Learn-to-Earn model, which rewards users with crypto for completing educational activities. This innovative approach combines learning with financial incentives, making education more engaging and rewarding.
The presale is accessible on the Ethereum and BNB Smart Chain networks, ensuring global participation. Furthermore, the token will also be available under Bitcoin’s BRC20 token standard, expanding its reach within the crypto ecosystem.
Users must hold the 99BTC token to access the Learn-to-Earn platform. This token also provides other utilities, including crypto trading signals, BRC20 tools, educational resources, and a VIP community group. These features are designed to enhance users’ understanding and engagement with digital assets.
🎉 Exciting milestone alert! 🎉
We have now raised over $2.2 MILLION in our $99BTC presale! 🚀
Secure your spot now before the #Presale price increases! 👀
Don’t miss out—get started today!
👉 https://t.co/NXD7DAamqr#99Bitcoins #BTC #Crypto #L2E pic.twitter.com/xQC6lg0euI— 99Bitcoins (@99BitcoinsHQ) June 17, 2024
According to the project’s whitepaper, 99Bitcoins aims to educate people about cryptocurrency through various features. The platform offers premium courses, expert trading signals, and community channels to provide comprehensive resources for anyone interested in crypto. By integrating these elements, 99Bitcoins seeks to create an all-encompassing educational hub for digital assets.
5. Avalanche (AVAX)
Avalanche is known for its speed and low transaction costs. Designed with scalability and eco-friendliness, AVAX appeals to users seeking efficient performance without compromise. The current bullish trend in altcoins has positioned AVAX for potential growth.
Its technology enables rapid and secure transactions, which may attract more users and developers alike. Recently, Avalanche made a significant move into gaming with the launch of “ChronosWorlds,” a post-apocalyptic RPG. This game promises an immersive blend of adventure and strategy set in a player-driven environment.
Hosted on Avalanche’s blockchain, “ChronosWorlds” represents a notable advancement in blockchain gaming, aiming to redefine the gaming experience through decentralized mechanics and narrative depth.
As of today, Avalanche is priced at $28.01, reflecting a slight intraday decrease of 1.44%. Nonetheless, the token has shown an impressive 11.35% increase over the past week.
Furthermore, social volume around Avalanche has surged since June 27, indicating heightened market interest. Trading significantly above its 200-day simple moving average ($15.75), the token maintains high liquidity relative to its market capitalization.
Build your empire as you explore the dawn of time in a post-apocalyptic RPG @ChronosWorlds, coming to Avalanche!
“This action RPG is packed with adrenaline, chaos, and non-stop fun, whether you're playing PVP or PVE.” @zyrickonline
As you progress within the game, you will… pic.twitter.com/Wj3TPYrDMr
— Avalanche 🔺 (@avax) June 28, 2024
Avalanche recently partnered with GT Protocol to enhance the speed and efficiency of financial applications on its platform. This collaboration enables GT Protocol to leverage Avalanche’s high throughput and nearly instant transaction finality, bridging the gap between Web3 and traditional Web2 systems.
Avalanche’s unique architecture, which includes interconnected yet independent blockchains secured by dynamic validator groups, represents a significant advancement. This setup greatly improves the scalability and security of GT Protocol’s solutions, promising a reliable and smooth user experience.
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