Join Our Telegram channel to stay up to date on breaking news coverage
The crypto market is bouncing back from a global decline that led to significant losses. Bitcoin has risen to $59,000, marking an intraday surge of 2.74%. The digital asset has fluctuated between $58,000 and $60,000 in the past day. Alongside BTC’s recovery, several altcoins such as Zilliqa, Injective, and Gnosis also show positive trends. This overall uptrend has increased investor interest in the market. As the market stabilizes and grows, many are looking for the top crypto to invest in right now to seize potential opportunities.
Top Crypto to Invest in Right Now
Nervos Network’s native token, CKB, has recently attracted attention after being listed on Upbit, a leading cryptocurrency exchange in South Korea. Meanwhile, INJ is trading at $19.49, marking a 4.66% gain in the past day. Gnosis has also seen positive movement, with its price currently at $153.73, up 2.58% in the last 24 hours.
1. Nervos Network (CKB)
Nervos Network’s native token, CKB, has recently gained attention following its listing on Upbit, a major South Korean cryptocurrency exchange. This listing came with a significant 18% increase in CKB’s value, boosting its market capitalization and trading volume.
The listing, which allows trading to begin on September 13, opens the token to a wider audience. Traders can now purchase CKB using U.S. dollars, South Korean won, or Tether (USDT), potentially increasing demand for the token.
As of now, Nervos Network’s CKB is trading at $0.0139, showing a 3.98% increase. The token’s trading volume has surged by 93.05%, reaching $675 million, with a market capitalization of $624 million. This ranks CKB as the 96th largest crypto on CoinMarketCap.
From a market sentiment perspective, CKB is in a bullish phase. The Fear & Greed Index currently sits at 50, indicating a neutral position among traders. Technical analysis highlights that CKB has an overbought Relative Strength Index (RSI) of 89.84, showing buyers drive the token’s price up. Furthermore, CKB recently broke through a resistance level at $0.01284 and is now in a retest phase, maintaining its price at around $0.01379.
Over the past year, Nervos Network has experienced substantial growth, with CKB’s price increasing by 413%. This performance has outpaced 89% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Despite its current momentum, breaking through its all-time high of $0.043906 may require sustained market interest and further network developments.
2. Zilliqa (ZIL)
Zilliqa is a public, permissionless blockchain that focuses on providing high transaction throughput. It can handle thousands of transactions per second, addressing the common challenge of blockchain scalability. The platform supports various dApps and introduced staking and yield farming in October 2020.
Recently, Zilliqa announced the launch of the Jasper proto-testnet, a significant step toward its Zilliqa 2.0 upgrade. This testnet introduces a shift from the original Proof-of-Work (PoW) consensus model to Proof-of-Stake (PoS), a more energy-efficient method of securing the network.
The PoS model allows developers and validators to run validator nodes, earn rewards, and contribute to network security. This shift reflects the platform’s broader goals to improve sustainability and security while maintaining high performance.
The Jasper proto-testnet for Zilliqa 2.0 is now officially live! 🚀
This marks the first milestone of our #Zilliqa 2.0 roadmap, introducing a new Proof-of-Stake consensus mechanism that offers ultra-fast transactions and attractive rewards for validators.
Whether you're a… pic.twitter.com/HqlyBLN59c
— Zilliqa (@zilliqa) September 12, 2024
Furthermore, the Jasper proto-testnet also offers new features to enhance user and developer engagement. By involving the community in testing and validating the new system, Zilliqa encourages active participation in the transition to Zilliqa 2.0. The rewards system is expected to attract more validators, boosting network security and participation in the upcoming upgrade.
Meanwhile, ZIL has seen a recent price increase of 1.21%, reaching $0.01367. The 14-day Relative Strength Index (RSI) of 57.93 suggests that the asset is currently neutral, with no immediate signs of overbought or oversold conditions. Additionally, it benefits from high liquidity, which ensures ease of trading due to its large market cap.
3. Injective (INJ)
Injective (INJ) is a blockchain designed specifically for finance. It operates as an open, interoperable layer-one network, enabling decentralized financial (DeFi) applications such as spot and derivatives exchanges, prediction markets, lending protocols, and other decentralized tools.
One of its key achievements is its growth in tokenizing real-world assets (RWAs). This has positioned Injective as a significant player in the push to bridge traditional finance (TradFi) with decentralized networks. By embracing tokenization, Injective has enhanced its role in the ongoing convergence of the two financial worlds.
Currently, INJ trades at $19.49, reflecting a 4.66% gain within the past day. The price trades above the 200-day simple moving average, suggesting a positive trend.
1/3 Injective is now one of the largest blockchains in history for tokenized RWAs.
Establishing itself as a leader in tokenization is just one of many efforts that have positioned Injective at the forefront of TradFi’s convergence with decentralized networks. pic.twitter.com/bNOISEdaK5
— Injective 🥷 (@injective) September 11, 2024
Notably, INJ has performed well relative to its token sale price, with 15 out of the last 30 days showing gains, or 50% of the time. High liquidity also supports its market strength. A few factors contribute to the Injective’s appeal to traders and developers.
These include zero gas fees, fast transaction speeds, and cross-chain compatibility. Compared to Ethereum, these features make Injective an attractive option, particularly as demand for efficient DeFi solutions increases. As adoption rises, the potential for price appreciation could follow through the rest of the year, making it the top crypto to invest in right now.
4. Memebet Token (MEMEBET)
The Memebet Token presale has gained notable traction, raising over $224,000 at the time of writing. The token forms the core of a new betting platform integrated with Telegram, offering a unique system where users can place bets using popular meme coins. This approach merges the appeal of traditional sports betting with the emerging culture around meme cryptocurrencies.
Operating directly within the Telegram app, Memebet’s Web3 casino targets a mix of meme coin investors, Telegram trading bot users, and gambling enthusiasts. Players can deposit and withdraw funds using meme coins like Pepe, dogwifhat, Shiba Inu, and Bonk. Blockchain technology ensures the instant processing of transactions, eliminating the typical delays associated with traditional banking systems.
The platform requires only a crypto wallet for participation, bypassing the need for KYC verification or account creation. This setup provides users with a more private betting experience. Memebet Casino also offers a variety of games, including keno, video poker, blackjack, roulette, and slots, catering to a broad range of gambling preferences.
Currently priced at $0.0251, MEMEBET tokens give early investors immediate access to their tokens. The platform is nearing its next funding round, with two days remaining for potential investors to join before the price increases.
We didn’t talk much, just a few wild laughs and muttered curses.
Winners or losers, it didn’t matter.
We’d all been chewed up and spat out by the same beast, and somehow, we knew we’d be back for more.
Join the presale 👇 https://t.co/cY4p8PqXzg pic.twitter.com/rvjusg43GE
— MemeBet (@Memebetcasino) September 14, 2024
Furthermore, Memebet also offers incentives through airdrops, with 400 million MEMEBET tokens available to users who wager using the token. These airdrops primarily benefit high rollers, though regular players will also receive rewards in future rounds.
5. Gnosis (GNO)
Gnosis transforms payment systems to make decentralized financial tools more accessible and user-friendly. At its core is Gnosis Chain, a Layer 1 Ethereum Virtual Machine (EVM) network built to be secure, resilient, and decentralized. This network supports various projects that make up the broader Gnosis ecosystem.
The platform uses its native token, GNO, which has several functions. GNO is the staking token for Gnosis Chain, the governance token for GnosisDAO, and an index token for the Gnosis ecosystem. This makes it a central part of the platform’s operation and decision-making processes.
In recent market activity, Gnosis has shown positive movement. Its current price is $153.73, reflecting a 2.58% increase in the last 24 hours. Over the past week, the price has risen by 6.65% and increased by 54% over the past year. The token also performs well above its 200-day simple moving average, with 15 positive trading days in the last 30 days.
Furthermore, Gnosis’s price is expected to rise by 4.29%, potentially reaching $160.44 by October. A recent strategic collaboration with Orochi Network aims to enhance the platform’s scalability. This partnership will bring new tools, including Orocle and Orand, to the Gnosis ecosystem, which are expected to improve data reliability, speed, and security.
Read More
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
