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InsideBitcoins analyses top cryptocurrencies worth considering for your portfolio and potentially ideal for buying. Discover their unique features and growth potential.
The crypto market has experienced strong bearish price action over the past week, indicating increased negative sentiment. Major crypto tokens have seen significant corrections, contributing to uncertainty about future price movements. Nonetheless, some altcoins have shown significant price activity and significant volatility. Exciting developments and emerging innovations shape the market’s future, offering fresh opportunities for investors and traders. This suggests a growing interest among investors in these tokens to maximize profits.
Top Cryptocurrencies to Buy Now
BEFE has recently outperformed several other meme coins, surging over 201.05% in the past week. Meanwhile, Sealana has already raised over $4 million, with only 18 days remaining before the end of its presale. Furthermore, the TON blockchain has experienced significant growth, with its total value locked (TVL) reaching $609.78 million today. Additionally, MKR is trading at $2,343.28, marking a 0.61% increase in the past 24 hours.
1. BEFE (BEFE)
BEFE has recently outperformed several other meme coins, surging over 201.05% in the past week. With a live market capitalization exceeding $26 million, BEFE is currently trading at approximately $0.0002853.
Also, the 14-day Relative Strength Index (RSI) is at 67.49, indicating a neutral stance and the possibility of sideways trading. Moreover, the token has adopted a gradual and practical approach, effectively reaching its primary target audience and building the BEFE ecosystem.
The BEFE community, known as the ‘BEFERS,’ is expanding rapidly and now includes over 600,000 members. This growth strategy has resonated with investors, who see potential in BEFE as a promising investment opportunity.
Furthermore, analysts suggest that the recent 28.38% dip in BEFE’s price offers investors a chance to buy the dip before a potential significant breakout. With a strong community, practical growth strategy, and recent market movements, BEFE appears to be an option for investors looking to capitalize on its growth potential.
2. Sealana (SEAL)
Sealana is a notable project within the Solana ecosystem. Its presale is underway, having already raised over $4 million. With only 18 days left, the presale offers SEAL tokens at $0.022 each, creating a sense of urgency among potential investors eager to purchase at this initial price.
What better way to show your love of Lambos, Massive Gains & Freedom than getting a #USA tattoo to show for it! 🇺🇸 #Sealana knows what’s best for American made #Memecoins and has a plan to make them great again! 🦭
Send $SOL 💸 and let him be an example for all #Degens!💪 #MAGA pic.twitter.com/B4aBZ2wEbI
— Sealana (@Sealana_Token) June 14, 2024
The appeal of Sealana lies in its humorous and culturally relevant theme. The project features a chubby seal mascot reminiscent of characters from South Park, which has attracted a broad audience. This playful branding has significantly contributed to its growing popularity.
Furthermore, the platform was initially launched on the Solana blockchain and has since expanded to support multi-chain functionality, including the BNB Chain and Ethereum blockchain. This allows investors to purchase SEAL tokens across different platforms.
In addition, once the presale concludes, SEAL tokens will be airdropped to investors in preparation for their listing on decentralized exchanges. This event is highly anticipated, with some crypto analysts predicting a substantial increase in the token’s value upon its DEX launch.
The SEAL project has also built a strong community, with over 10,000 followers on X and over 9,000 members on its Telegram channel. This growing and engaged community reflects the token’s appeal.
3. Maker (MKR)
Maker is the governance token for MakerDAO and the Maker Protocol, which is used to vote on the operational decisions of the organization. Both are based on the Ethereum blockchain, allowing users to create and transact with the DAI fiat-collateralized cryptocurrency.
MakerDAO recently added a Direct Deposit DAI Module (D3M) to Spark’s MetaMorpho Vault, creating a decentralized financial system. This will enable Spark to provide 500 Million DAI to Ethena’s USDe / sUSDe markets, which are tied to DAI.
Furthermore, MKR is changing hands at $2,343.28 at press time, a 0.61% increase in the past 24 hours. The Fear & Greed sentiment of the token is currently neutral, with a Fear & Greed Index reading of 71 (Greed).
Recently, MakerDAO deployed a D3M to Spark’s MetaMorpho Vault, enabling @sparkdotfi to allocate 500 million DAI to Ethena’s USDe and sUSDe markets paired with DAI.
In collaboration with @BlockAnalitica, this thread details how top-tier risk management ensures the financial… pic.twitter.com/urUQW5OtKC
— Maker (@MakerDAO) June 14, 2024
In addition, the token price trades 34.46% higher than its 200-day Simple Moving Average (SMA) of $1,747.94. Its volume-to-market capitalization ratio is 0.0475, implying high liquidity. 0475.
Moreover, its current market cap is $2.18 billion, and its 24-hour trading volume is $103.57 million. The 14-day Relative Strength Index (RSI) is 58.74, indicating a neutral position and potential for sideways trading.
4. Toncoin (TON)
The TON blockchain has experienced significant growth, with its total value locked (TVL) reaching $609.78 million today. This new TVL is up from $300 million just three weeks ago, according to DefiLlama data. This surge is driven mainly by TONOpenLeague, which has incentivized user participation and project engagement through substantial rewards.
Also, heightened interest in meme coins has boosted TON decentralized exchanges (DEXs) activity.TON blockchain has gained attention as Telegram’s preferred platform for integrating Web3 technologies.
Recently, the TON token achieved an all-time high (ATH) price of $8.24, briefly surpassing $8 before undergoing a correction. Currently, the token is trading at $7.89, reflecting a 1.95% decrease in the last 24 hours.
State of #TON DeFi Q1 2024 💎
TVL has seen significant growth — an impressive 7x increase! 🚀
This growth is primarily driven by @TONOpenLeague, which has been boosting user engagement with massive rewards for both users and projects. Additionally, memecoin hype has sparked… pic.twitter.com/ngbFWIFFa9
— TON 💎 (@ton_blockchain) June 17, 2024
Nonetheless, the token surged 10.16% in the past week. Furthermore, market sentiment towards TON remains bullish, supported by a Fear & Greed Index reading of 71 (Greed). In addition, the token consistently trades above the 200-day simple moving average.
With 15 positive trading days in the past month, TON demonstrates strong market sentiment and growing user engagement, positioning itself as a promising candidate for future market uptrends. This reflects increasing demand and the potential for further growth in the cryptocurrency market.
5. TRON (TRX)
TRON aims to decentralize the internet through its blockchain-based operating system. This platform enables content creators to share their work directly with consumers, bypassing middlemen and reducing costs.
Additionally, TRON has made significant advancements in the entertainment sector of the decentralized internet. Over the past year, its value has risen by 64.74%, indicating growing investor confidence and increased activity on its network.
Despite recent global market downturns, the token has shown resilience with minor growth. TRX has increased by 0.38% in the past week alone, currently trading at $0.1173, above its 200-day simple moving average.
#TRONICS, did you know? #TRC20–#USDT circulation has exceeded 59.8 billion! 🔥
The #TRONNetwork is dedicated to building wider adoption, ensuring more people can benefit from the power of blockchain and stablecoins. 💪 pic.twitter.com/6pnY5H7pz5
— TRON DAO (@trondao) June 16, 2024
Furthermore, market sentiment analysis suggests a bearish outlook for TRON’s price. However, the Fear & Greed Index reflects a sentiment of greed at 71. Also, analysts predict that TRX could potentially reach a maximum price of $0.182 and an average price of around $0.165 by 2024.
The rise of decentralized applications (dApps) on the TRON platform is expected to drive increased demand for TRX in the foreseeable future. With TRON’s steady growth and anticipated developments in dApps, TRX remains a cryptocurrency of interest for investors looking at long-term potential in blockchain innovation.
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