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Cryptocurrencies are set to witness increased utility after Apple revealed plans to integrate blockchain-based payment into iOS devices. This development highlights the growing acceptance of digital assets in the financial space. Moreover, several jurisdictions, including Russia and the Gulf nations, have also considered cryptocurrencies to diversify their economy.
Meanwhile, Elon Musk’s recent X space conversation with former President Donald Trump has rekindled investors’ optimism. As such, market participants seek the top cryptocurrencies to invest in now.
Top Cryptocurrencies to Invest in Now
Litecoin has recently captured the attention of market participants due to its positive price movement, which has spurred greater interest in the token. Similarly, Chiliz has announced a new partnership with KAYEN Protocol. This collaboration aims to integrate decentralized finance (DeFi) features into the Chiliz ecosystem, enhancing user functionality and interaction. Meanwhile, TRON has made headlines recently for introducing token-agnostic gas payments. TRON seeks to offer greater flexibility and efficiency within its network.
1. Litecoin (LTC)
Litecoin has recently drawn attention from market participants, as its positive price movement has generated increased interest in the token. This price rise has bolstered investor confidence in Litecoin’s potential.
Built on blockchain technology, Litecoin is designed to provide fast, secure, and low-cost payment solutions. Moreover, LTC transactions are typically confirmed within minutes, and the associated fees remain minimal.
Currently, Litecoin is trading at $65.47, marking a 4.02% increase over the past day. The token has further seen gains of 12.20% in the past 7 days, further solidifying the token’s position in the market. The token enjoys high liquidity, reflecting its substantial market capitalization.
The 14-day Relative Strength Index (RSI) for Litecoin is 43.85, indicating a neutral position. This suggests the asset may continue to trade sideways in the near term. However, market sentiment and technical indicators hint at the possibility of Litecoin reaching $223.39 by the end of the year.
2. Cronos (CRO)
Cronos Labs recently launched its zkEVM mainnet, marking a significant development in its blockchain ecosystem. This mainnet was developed in partnership with Matter Labs, the creators of zkSync. Moreover, it arrived with a robust ecosystem of dapps and includes a native bridge to Ethereum.
The launch follows a successful testnet phase in December 2023, during which over 3 million wallets were created. These users will now transition to the zkEVM mainnet, utilizing zero-knowledge proofs to enhance scalability and efficiency.
This development represents a significant step forward in Cronos’ efforts to enhance scalability and encourage broader adoption of its platform. Furthermore, XY Finance, recognized as the leading bridge provider on Cronos, has aligned itself with this initiative.
Despite a recent dip in CRO’s price over the last 24 hours, the token has shown growth potential. Moreover, the CRO token has surged by 14.00% over the past week. The 14-day Relative Strength Index of CRO sits at 53.34, indicating a neutral position for the token.
3. Pepe Unchained (PEPU)
Pepe Unchained combines the popular Pepe the Frog meme with Layer 2 blockchain technology. Recently, its presale has attracted attention, raising over $8.8 million. The platform blends meme culture and blockchain advancements, making it a notable option in the cryptocurrency market.
The project aims to stand out in the crowded meme coin market using Layer 2 blockchain technology. This technology is known for reducing transaction costs and speeding up transactions. These features may appeal to users in the meme coin space who prioritize efficiency. By incorporating these elements, Pepe Unchained seeks to distinguish itself from other similar-themed cryptocurrencies.
Moreover, PEPU features a staking option that allows early investors to earn an Annual Percentage Yield (APY) of 222%. Participants in the presale can stake their PEPU tokens immediately, potentially boosting their returns from the beginning. The current price of each PEPU token is $0.0090901.
Pepe’s on fire! 🔥 We’ve hit $8.5M!
This journey is only getting more exciting, and we couldn’t have done it without you! pic.twitter.com/4ZsjnrAXAH
— Pepe Unchained (@pepe_unchained) August 13, 2024
Furthermore, the presale’s success has generated momentum, pushing the project closer to its upcoming milestones. The next step involves listing the token on multiple exchanges, which may influence its market value. As Pepe Unchained progresses, tracking how these developments affect its growth and adoption will be important.
4. Chiliz (CHZ)
Chiliz is designed to enhance fan engagement in sports through cryptocurrency and NFTs. Inspired by the socios model of Spanish soccer teams, CHZ leverages blockchain technology to create a direct and engaging experience between fans and their favorite sports teams. The platform enables fans to participate in unique experiences, including voting on team decisions and accessing exclusive content.
The platform has recently partnered with KAYEN Protocol. This collaboration introduces decentralized finance (DeFi) features to the Chiliz ecosystem, offering users enhanced functionality and interaction.
The KAYEN Protocol’s flagship product, KayenSwap, is a decentralized exchange (DEX) native to Chiliz. The protocol aims to continuously expand its ecosystem with additional features like a Launchpad and a Real-World Asset (RWA) NFT Marketplace.
KAYEN focuses on efficiency and customization, providing Chiliz with infrastructure that supports deep, sustainable, and adaptable liquidity solutions. This collaboration enhances the Chiliz ecosystem, offering users a tailored DeFi experience that combines established infrastructures with innovative features.
As a result of this partnership, the CHZ token has seen a slight increase. The token currently trades at $0.05552, reflecting an intraday surge of 0.07%. The token is near its cycle high, indicating strong market liquidity based on its market cap.
We’re excited to announce that @KAYEN_Protocol has officially launched on Chiliz Chain!
KAYEN Protocol is a community-driven DEX designed specifically for Chiliz Chain, offering users the ability to bridge, swap, wrap, and provide liquidity all in one place. #ChilizChain ⚡️… pic.twitter.com/LXFgRuO8je
— Chiliz – The Sports Blockchain ⚽🏆 (@Chiliz) August 13, 2024
The 14-day RSI for CHZ stands at 44.01, suggesting that the cryptocurrency is in a neutral zone with potential for sideways trading. According to Coincodex’s prediction, the price of Chiliz could rise by 153.83%, reaching $0.141623 by September.
This collaboration between Chiliz and KAYEN Protocol marks a significant step in the evolution of the Chiliz ecosystem. It introduces advanced DeFi features and expands the platform’s capabilities. The partnership aligns with CHZ’s goal of providing innovative and engaging experiences for sports fans, making it one of the top cryptocurrencies to invest in now.
5. TRON (TRX)
TRON has shown notable stability, standing out in the altcoin market with recent developments and solid metrics. The platform recently introduced token-agnostic gas payments, a feature announced by Justin Sun and expected to launch in Q4 2024.
This new feature will enable users to pay transaction fees for Tether (USDT) transfers using USDT itself, making the Tron network more user-friendly. This could be particularly beneficial in emerging markets, where simplicity and ease of use are vital.
Another significant development is Oobit’s recent integration with the Tron blockchain. Oobit, a platform that provides accessible financial services for crypto users, has integrated Tron to facilitate easy tap payments. This integration allows users to transfer Tron-based crypto assets at over 100 million retailers globally, as shared by Oobit on their official X account.
Despite a 4% decline in value this month, TRON has shown resilience, with a 4.49% increase over the past week. This suggests underlying strength. If TRX can surpass the $0.1375 resistance level, it might reach around $0.30, indicating a potential rise of up to 150%. The coin’s Relative Strength Index (RSI) is close to 67, suggesting TRX could experience a significant rally if current bullish conditions persist.
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