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Bitcoin remained stable over the weekend, trading within the $54,000 to $55,000 range despite broader market volatility. Investor caution contributed to this steady performance, likely influenced by lower trading volumes and recent U.S. jobs data. On Friday, the jobs report had led to the liquidation of over $220 million in long positions, adding pressure on the market.
Other leading cryptocurrencies, including Ethereum, Solana, Cardano, etc, saw modest gains during this period. Meanwhile, mid-cap tokens like Celestia, Synthetix, and Aptos performed better, registering more notable growth. As such, investors are seeking the top cryptocurrencies to buy now.
Top Cryptocurrencies to Buy Now
Celestia, a modular blockchain network, has unveiled a roadmap to boost scalability by introducing 1-gigabyte block sizes. Meanwhile, Synthetix has launched SNAXchain, its new blockchain built on Optimism’s Superchain infrastructure. In other news, Shiba Shootout has raised $1 million, catching the attention of market participants.
1. Celestia (TIA)
Celestia, a modular blockchain network, has announced a new roadmap to significantly enhance its scalability by introducing 1-gigabyte block sizes. This marks a key step in its goal to improve data processing capacity and speed by rethinking blockchain architecture.
The platform operates on a minimal blockchain structure that separates execution from consensus using a novel approach known as data availability sampling. Celestia’s roadmap outlines a phased strategy for achieving its scalability goals, starting with expanding current block sizes through extensive testnet trials.
In the second phase, the focus will shift to ensuring system stability and security. This will involve rigorous testing and incorporating user feedback to identify potential improvements. The company has committed to keeping the process transparent and maintaining open communication with its community.
1 GB blocks to build whatever
Introducing the community's roadmap to relentlessly scale Celestia 🫧, enabling developers to deploy high-throughput, unstoppable applications using any VM.https://t.co/iFkIfJyGSs pic.twitter.com/ILoFFaef54
— Celestia (@CelestiaOrg) September 5, 2024
Furthermore, Celestia is also actively encouraging community participation, emphasizing the role of user feedback in refining the system, particularly during beta testing. The company is exploring introducing even larger block sizes beyond the 1-gigabyte milestone and seeking partnerships with other blockchain projects to expand the ecosystem.
Meanwhile, Celestia’s native token, TIA, is trading at $4.13, reflecting a 3.24% rise in the past 24 hours. The token trades above the 200-day simple moving average and is near its cycle high, supported by strong liquidity. According to Coincodex, the price of TIA is projected to reach $14.01 by October.
2. Shiba Shootout (SHIBASHOOT)
Shiba Shootout has already raised $1 million, drawing attention from a prominent Floki community member. This project stands out by combining elements of Western-themed gaming with crypto rewards, offering a unique Play-to-Earn experience.
#ShibaShootout is more than a meme coin 🤠
it’s a wild adventure! Saddle up and join the fun with our creative community, unique tokenomics, and exciting crypto ride. 🔥
Let’s hit the crypto frontier together! 🚀🌕 pic.twitter.com/dHX1UfDPU5
— shibashootout (@shibashootout) September 7, 2024
Furthermore, players in Shiba Shootout engage in 2D duels, controlling characters like Marshal Shiba and his Shiba Sharpshooters using SHIBASHOOT tokens. The game’s mechanics are straightforward: Each player starts with six bullets and aims to outdraw and outshoot their opponents.
Despite its simplicity, the game offers a challenging and rewarding experience, attracting gamers and crypto investors. A notable aspect of Shiba Shootout is its staking system. Investors can stake their tokens during the presale and potentially earn a significant annual return of 859%.
Additionally, the upcoming launch of its Web3 app is expected to enhance the project further, potentially offering early investors favorable pricing before the official release. While the project has gained momentum quickly, its long-term success will depend on how well it delivers on its promises and adapts to the evolving crypto market.
In addition, SHIBASHOOT presents an intriguing blend of gaming and crypto investment, taking over the meme coin sector. However, as with any emerging project, prospective investors should approach cautiously, considering the potential rewards and inherent risks.
3. Aptos (APT)
Aptos has recently announced a partnership welcoming Brevan Howard, BlackRock, and Hamilton Tokenized Funds through Libre, a joint venture between WebN Group and Nomura’s Laser Digital. Libre’s initiative aims to integrate these prominent funds into the Aptos platform, leveraging the blockchain’s infrastructure designed for institutional-grade decentralized finance (DeFi).
Aptos is recognized for its high-performance platform, supported by Move DM technology, which ensures secure and scalable financial services. This collaboration aligns with the platform’s focus on providing a reliable foundation for decentralized finance solutions.
Libre intends to expand its services on Aptos through its Gateway. This will include features like enhanced secondary trading options and improved collateralized lending mechanisms, providing more flexibility for investors. Libre, launched to serve as the core infrastructure for integrating real-world assets (RWAs) on Aptos, will enable accredited and institutional investors to access these tokenized funds onchain via its Gateway DeFi dApps.
BREAKING NEWS from the Aptos Experience: Libre launches Brevan Howard, BlackRock, Hamilton Lane funds on Aptos (Full report: https://t.co/zw4r6qMT3V)@librecap, a tokenization startup from Brevan Howard's WebN Group and @Nomura's @LaserDigital_ joins #AptosAscend.
Libre is… pic.twitter.com/CzR6YzJOdg
— Aptos (@Aptos) September 6, 2024
The announcement also coincides with recent market trends for Aptos’ APT token. The token has seen a 2.26% increase, trading at $6.16, while its market cap has risen by 2.36%, reaching over $2 billion.
4. Aave (AAVE)
Aave recently launched customized markets on the Ethereum mainnet, offering users greater flexibility and control in decentralized finance. These tailored solutions address the specific needs of EtherFi and Ethena, aiming to enhance functionality and provide a more efficient trading experience. This development reflects Aave’s ongoing efforts to innovate in the DeFi space.
Beyond Ethereum, Aave’s founder, Stani Kulechov, has announced plans to expand these custom markets to Layer 2 networks, specifically ZKsync and Linea. The integration with L2 solutions promises improved scalability, reduced transaction costs, and faster processing times.
Furthermore, Layer 2 technology is crucial to Aave’s strategy of making DeFi services more accessible and efficient. Aave’s market performance has seen a significant boost, with the token now ranking 36th among cryptocurrencies, up from 47th last month.
Its market cap exceeded $2 billion, marking a 7.9% increase in the past 24 hours. According to CoinMarketCap, AAVE is currently trading at $136.14, up from a weekly low of $117, and has gained 43.48% over the past month.
The surge in AAVE’s price can be attributed to increased whale activity. Recent reports indicate that large holders have accumulated the token, with inflows rising by 326% and outflows by 353% over the last week. This growing interest has likely contributed to AAVE’s upward momentum, signaling strong demand for the token as Aave continues its expansion efforts.
5. Synthetix (SNX)
Synthetix has announced the launch of SNAXchain, its blockchain built on Optimism’s Superchain infrastructure. This new development aims to improve governance and streamline decision-making as the protocol expands into multiple blockchain networks and Layer 2 solutions.
SNAXchain will serve as a neutral hub for governance, helping Synthetix manage its growing ecosystem more efficiently. The project was created in partnership with Conduit for infrastructure and Wormhole for cross-chain messaging, enabling communication between blockchains. According to Synthetix, using Optimism’s Superchain will also increase interoperability and support user growth.
Synthetix is requesting an extension to its original LTIP grant to support the launch of Multi-Collateral Perps on Arbitrum.
This feature will allow users to trade Perps using tBTC, ETH, USDe, and SOL as collateral.
We expect this onchain innovation to attract many new users…
— Synthetix ⚔️ (@synthetix_io) September 6, 2024
Moreover, the SNAXchain launch coincides with a new governance phase for Synthetix, starting with nominations for various governance councils. Candidates will submit their applications via SNAXchain, marking a significant evolution in the protocol’s governance structure.
Meanwhile, the price of Synthetix’s token is currently $1.32, reflecting a 3.43% increase over the last 24 hours. The asset has seen price gains in 15 of the past month and remains highly liquid relative to its market cap. The 14-day Relative Strength Index is 42.82, suggesting the token is in a neutral zone and may continue trading sideways.
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