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Explore the top cryptocurrencies to invest in now, featuring market analysis, potential returns, and expert insights to help traders make informed decisions.
The crypto market expects a potential bull run, with altcoin season anticipated to start soon. Although the market is currently on a downward trend zone, there is significant expectation of an impending surge. Altcoins are on the verge of increasing their potential value.
This article analyzes significant tokens set for substantial growth, offering insights into the upcoming market surge and identifying those that could lead to significant portfolio growth for investors and renewed interest and investment in the crypto market.
Top Cryptocurrencies to Buy Now
Pepe Unchained has garnered significant support, raising over $500,000 towards its $662,000 goal. Meanwhile, Pendle has enhanced its capability to tokenize and trade yields through integrations with various DeFi protocols. Furthermore, Kaspa has demonstrated a notable upward trend, attracting significant interest from market participants.
1. Pepe Unchained (PEPU)
Pepe Unchained merges its Layer 2 blockchain technology with the Pepe meme, aiming to redefine the meme coin space. This project seeks to offer a seamless trading experience for the meme coin community by reducing transaction costs and delays. Additionally, it provides attractive rewards to early investors, enhancing its investment appeal.
$350K raised in just hours! 🎉
Pepe's blockchain is taking off faster than ever. Be part of the revolution and join us today! 🚀 pic.twitter.com/qjknbWJVPd
— Pepe Unchained (@pepe_unchained) June 22, 2024
The project has garnered significant support, raising over $500,000 towards its $662,000 goal. Once this target is met, the project expects a price increase, with incremental value growth anticipated at each stage of the token presale. The PEPU token will officially launch at the end of this presale.
Built on top of the Ethereum Network, this Layer 2 enables faster and cheaper transactions, making it the first Pepe-themed token on its chain. Furthermore, Pepe Unchained features a staking option. Early investors can earn a high Annual Percentage Yield (APY) of 4751% by staking their tokens.
Currently, about 33 million PEPU tokens are staked. However, as more tokens are staked, the reward rate decreases. This system encourages early participation, providing substantial returns before the token’s official launch and incentivizing early adopters.
2. Kaspa (KAS)
Kaspa has demonstrated a notable upward trend, attracting significant interest from investors. Currently valued at about $0.1488, KAS has experienced a 13.69% increase over the past month, according to CoinMarketCap.
This bullish performance stands out in the broader context of the cryptocurrency market. Several factors underpin this positive trend. Kaspa’s price prediction sentiment remains bullish, and the Fear & Greed Index scores 51, indicating a neutral stance among investors.
Moreover, the token trades above its 200-day simple moving average and is near its cycle high, suggesting strong market momentum. Additionally, it boasts high liquidity relative to its market cap, further supporting its upward movement.
🔥Join the #Kaspa community in supporting this latest crowdfunding initiative of implementing Kaspa support in @Ledger Live!
Proposal on #Discord: https://t.co/SFD8nFBkb9
Track progress at: https://t.co/RxqvngrVa5Community Spotlights! @lAmeR_1337 for the #LedgerLive… pic.twitter.com/InGmt6CaR2
— Kaspa (@KaspaCurrency) June 23, 2024
In a significant development, CoinW has expanded its cryptocurrency offerings by listing Kaspa. This addition has been highly anticipated within the crypto community. CoinW now facilitates trading of KAS/USDT and the innovative KAS x3 ETF, among other pairings.
Also, CoinW has launched the “Join the KAS Bounty Program: Register & Trade & Retweet” to celebrate this milestone, featuring a 5,000 USDT prize pool. This initiative aims to engage the community and mark Kaspa’s introduction to the platform.
3. TRON (TRX)
TRON aims to create a decentralized internet and provides tools for developers to build decentralized applications (dApps). It is an alternative to Ethereum, allowing users to develop dApps, share content, and receive digital assets as compensation. The platform also allows users to share content without worrying about transaction fees.
The TRX token has shown a strong bullish trend over the past year, with a consistent growth rate of 64.24%. At press time, the token ranks 11th among the top 100 cryptocurrencies on CoinMarketCap, with over 87 billion TRX in circulation. It has high liquidity, indicated by a volume-to-market cap ratio of 0.0449.
Furthermore, the token is valued at $0.1188, surging by 1.61% in the past week. In the past 30 days, TRX has experienced 17 green days, and it trades 4.17% above its 200-day Simple Moving Average (SMA) of $0.114633. The 14-day Relative Strength Index (RSI) is 61.06, suggesting the cryptocurrency is neutral and may trade sideways.
🌐 TRON will soon be integrated into @skate_chain, joining the first 25 blockchains on the platform.
This integration will enhance interoperability, allowing other networks to easily connect and interact with #TRON. 🚀 https://t.co/8Y96nd3h16
— TRON DAO (@trondao) June 20, 2024
Analysts predict that TRX could reach a maximum price of $0.182, with an average price of around $0.165 by the end of the year. This indicates a positive performance compared to its token sale price.
TRON recently announced on its X account that it will soon integrate with Skate Chain, joining the first 25 blockchains on the platform. This integration will enhance interoperability, enabling other networks to connect and interact easily with TRON.
4. NEAR Protocol (NEAR)
NEAR Protocol focuses on usability and scalability in the blockchain ecosystem. It uses a unique sharding approach to enhance throughput and minimize costs, making it an efficient platform for decentralized applications.
This protocol emphasizes developer-friendly tools and smooth user experiences, which has attracted numerous projects and developers. Furthermore, NEAR experienced a slight intraday increase of 0.04% at the time of writing, trading at $5.36. Over the past week, it saw a 1.98% rise.
Market sentiment for the token is currently bullish, with the Fear & Greed Index at 51, indicating a neutral market stance. NEAR Protocol trades 235.04% above its 200-day Simple Moving Average (SMA). This substantial margin reflects its high liquidity, attributed to its market cap.
Recently, NEAR Protocol announced a strategic partnership with Arcana. This collaboration aims to simplify access to dApps and significantly enhance user experiences. It enables developers on the NEAR network to seamlessly integrate Arcana Auth into their Web3 applications, improving the overall functionality and accessibility of these dApps.
Six teams.
Twelve weeks.
One AI incubator from @nearhorizon.From synthetic open data layers to GPU computing, dive into the six projects in the latest HZN incubator that are building the infrastructure for user-owned AI.https://t.co/hMdzEfZayy pic.twitter.com/L007O8lgzu
— NEAR Protocol (@NEARProtocol) June 20, 2024
In another significant development, the NEAR Foundation revealed the six AI teams chosen for the inaugural NEAR Horizon AI Incubation Program, which began earlier this month. Working at the intersection of AI and Web3, these teams will collaborate to build the necessary infrastructure, base models, model training, and developer tools. This initiative aims to enable safe, scalable, and efficient user-owned AI within the NEAR ecosystem.
4. Pendle (PENDLE)
Pendle has steadily advanced its protocol and expanded its ecosystem, announcing several partnerships and developments. These developments likely boost investor confidence and contribute to a token price rise.
Moreover, Pendle has taken a user-centric approach to expanding its reach across multiple blockchain networks, including Ethereum, Arbitrum, Optimism, and BNB Chain. This expansion aims to facilitate easy access to the platform’s services and trading functionalities across other platforms.
Despite a significant downturn in the broader crypto market, PENDLE has increased by about 4.41% in the past week. Its market value is almost $1 billion, and the PENDLE community is optimistic about its future prospects.
Additionally, the Fear & Greed Index for the token is at 63, showing that investors are feeling greedy. Furthermore, the 14-day Relative Strength Index (RSI) stands at 48.46, indicating that the token is currently balanced without being overly bought or sold. Pendle has also improved its ability to tokenize and trade yields by integrating with different DeFi protocols.
These developments reflect Pendle’s commitment to expanding its capabilities and improving its services. The project aims to encourage greater adoption and usage of its protocol.
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