Join Our Telegram channel to stay up to date on breaking news coverage
Bitcoin has recently marked its first three-week winning streak since February, according to TradingView data. This indicates renewed market momentum after a relatively stagnant period. The rally has been driven in part by traders purchasing call options, which are financial contracts giving the buyer the right. In this case, the target price has been set above $75,000, indicating optimism about Bitcoin’s potential for further growth.
This shift in market activity could influence global financial markets, especially as Bitcoin remains a key asset in the cryptocurrency space. In response to these movements, investors are now turning their attention toward the top cryptocurrencies to buy now with similar growth potential.
Top Cryptocurrencies to Buy Now
ICP is currently priced at $9.37, showing a 10.86% rise over the past week. EOS has also seen a price boost, entering a bullish trend with growing momentum and the possibility of further short-term gains. Recently, Filecoin revealed a new partnership with Aethir, a project focused on decentralized GPU cloud infrastructure.
1. Internet Computer (ICP)
The Internet Computer (ICP) is designed to transform the current Internet into a decentralized, global computing platform. It allows developers to run backend software directly on the internet, supporting decentralized applications (dApps) that are both secure and scalable. ICP relies on advanced cryptographic methods and modern technology to manage these operations efficiently.
The Internet Computer Protocol has gained notable market attention, reflected in its strong market capitalization. As more developers adopt the platform for building applications, the demand for ICP tokens could increase. This rising demand, coupled with the network’s innovative approach, suggests the potential for price growth.
Currently, ICP is trading at $9.37, marking a 10.86% increase over the past week. This performance is robust when compared to its initial token sale price, and the token also displays high liquidity relative to its market capitalization.
Market sentiment around ICP appears positive, with the Fear & Greed Index showing a score of 61 (Greed). Over the past 30 days, ICP experienced 15 positive trading days, reflecting steady growth and heightened market interest. If this trend continues, ICP may experience additional price increases. However, as with any cryptocurrency, price fluctuations remain possible.
2. Filecoin (FIL)
Filecoin aims to preserve important data by allowing users to rent out unused storage space. This network operates through a peer-to-peer marketplace where participants can securely store data while earning rewards in the form of Filecoin’s native currency, FIL. The platform promotes a decentralized ecosystem where storage space is both accessible and economically sustainable.
Recently, Filecoin announced a partnership with Aethir, a project specializing in decentralized GPU cloud infrastructure. This collaboration is aimed at offering enterprise-level solutions by combining Filecoin’s storage capabilities with Aethir’s GPU cloud computing services. As part of this partnership, Aethir plans to provide GPU rentals to Filecoin’s storage providers, strengthening the network’s infrastructure.
#Filecoin is making in-roads across Web2 and Web3. From @DeSciLabs to @VictorChangInst and projects like @AethirCloud and @SingularityNET, we're powering decentralized storage for research, enterprises, and individuals worldwide. The future of data is here. pic.twitter.com/XbMbxJd7Ix
— Filecoin (@Filecoin) September 27, 2024
This integration may enhance Filecoin’s appeal, particularly for developers looking for secure and efficient data storage combined with GPU cloud computing. Regarding market performance, Filecoin’s token, FIL, is trading at $3.96 with a weekly increase of 6.31%. Current price prediction sentiment remains neutral.
Moreover, the Fear & Greed Index shows a score of 61, indicating a market leaning toward greed. The 14-day RSI is at 66.12, suggesting that while there is strong interest in the token, a price correction could occur. In the past 30 days, FIL has experienced 16 positive trading days, reflecting a generally optimistic outlook for the token.
3. Catizen (CATI)
Catizen is a blockchain-based gaming platform that operates via a bot on Telegram, allowing for integration with multiple blockchains, such as the TON and Mantle Network. It aims to enhance Web 3.0 experiences, particularly by enabling crypto and fiat mobile payments. The platform has gained global recognition as one of the more successful blockchain gaming projects.
Furthermore, Catizen’s broader vision includes evolving into a Mini-app Center where users will have access to additional features. These include a launchpool, giving early access to new projects, token-based activities, and e-commerce opportunities. This shift suggests a focus on expanding its utility beyond gaming.
https://t.co/OfLaHcQVcS: Catizen Has Become One of the Most Successful Blockchain Games Globally 😻
This revolutionary gaming bot on Telegram integrates seamlessly with multiple blockchains, including TON and Mantle Network, redefining Web 3.0 experiences with mobile payments in… pic.twitter.com/pwjN3DRGYM
— Catizen (@CatizenAI) September 25, 2024
Recently, Catizen’s perpetual futures market launched on Coinbase International, which adds to the spot and perpetual futures pairs available on other major exchanges. This move positions Catizen within more traditional financial instruments, offering traders a variety of options to engage with the token.
As of today, the token is priced at $0.5906, marking a 7.65% decrease in the last 24 hours. Despite this price drop, the token shows high liquidity with a volume-to-market cap ratio of 3.4261. This indicates a healthy trading environment and active market participation. The current market capitalization stands at $178.77 million, with a 24-hour trading volume of $612.50 million.
4. Memebet (MEMEBET)
The MEMEBET token is currently in its Initial Coin Offering (ICO) phase, which has generated considerable attention in the crypto market. The project has raised about $342,000, reflecting early interest.
To build on this early success, Memebet has launched an airdrop campaign, offering early investors a chance to win $10,000 worth of MEMEBET tokens. Ten participants will each receive $1,000, a move intended to foster community engagement and reward contributors.
The utility of the MEMEBET token is central to its value proposition. It is expected to function as a core component of the forthcoming Memebet crypto casino platform. The project claims that MEMEBET will offer practical applications within this ecosystem, enhancing the role of meme coins in Web3.
This utility could help differentiate the token from other meme-based cryptocurrencies, which often lack clear use cases. Currently, the MEMEBET token trades at $0.0255. The presale is nearing its next funding goal, with less than two days for investors to participate before the token price increases.
Moreover, this time-sensitive window may influence potential investors to act quickly. As the MEMEBET token continues to develop, it aims to balance both utility and community engagement, catering to the growing interest in meme coins and online gaming. Whether the project succeeds in delivering on these goals will be key to its long-term success in the highly competitive cryptocurrency market.
5. EOS (EOS)
EOS has recently experienced a price increase, entering a strong bullish phase. The cryptocurrency is gaining momentum, with the potential for further gains in the short term. This surge has attracted attention from the market, indicating that the token may continue its upward trajectory.
One factor driving EOS’s price rise is the successful completion of its Spring 1.0 upgrade. This upgrade, which was announced on September 25, involved a hard fork and introduced several important improvements. Most notably, EOS now offers 1-second transaction finality, a feature that significantly enhances its speed, security, and reliability.
This improvement is due to the integration of the new Savanna consensus algorithm, positioning EOS among the layer-1 blockchains capable of achieving such rapid transaction finality. The current finality speed is 100 times faster than the previous version, representing a major technical advancement for the platform.
Today marked monumental upgrade for #EOS as block producers executed a successful hard fork to Spring v1.0.
🏆 The upgrade enhances speed, security, and scalability, setting new standards and paving the way for future cryptographic innovations.
🌐 Supported by a dedicated… https://t.co/BHW2l9aolR
— EOS Network Foundation (@EOSNetworkFDN) September 25, 2024
Furthermore, the EOS development team has emphasized that this upgrade not only boosts the network’s performance but also contributes to strengthening the broader cryptocurrency ecosystem. The faster finality and enhanced security features offer a more stable and efficient network foundation.
At present, EOS is trading at $0.5386, reflecting a 1.42% intraday surge. Over the last 30 days, EOS has had 19 positive trading days, accounting for 63% of the period. It is also trading near its cycle high and benefits from high liquidity, given its market capitalization.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
