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While the decline in Bitcoin often impacts altcoins, some present buying opportunities after their downturn. These altcoins, including MANTRA, TRON, and Cardano, distinguish themselves through innovative technology, robust development teams, and increasing adoption. These altcoins are considered top potential cryptos poised for growth, making them essential additions to any investor’s watchlist.
Find the top cryptocurrencies to invest in now, featuring top-performing tokens with strong potential. Stay ahead in the crypto market with our expert analysis and insights.
Top Cryptocurrencies to Invest in Now
Recently, MANTRA partnered with MAG, a leading real estate developer in the UAE, to tokenize $500 million worth of MAG’s real estate portfolio. Meanwhile, the TRON ecosystem is developing rapidly, with continuous efforts to decentralize the web. Additionally, the recent surge in ADA’s market value can be attributed to significant network improvements and the rapid growth of the DeFi sector.
1. MANTRA (OM)
MANTRA is a high-quality Layer 1 blockchain designed to bring real-world assets (RWAs) into the blockchain space. It operates as a permissionless chain while adhering to real-world regulatory requirements. This makes it easier for developers and institutions to engage in the evolving RWA tokenization market.
Furthermore, MANTRA offers advanced technology modules, compliance mechanisms, and cross-chain interoperability. Recently, MANTRA partnered with MAG, a leading real estate developer in the UAE. This collaboration will tokenize $500 million worth of MAG’s real estate portfolio. MAG’s total real estate holdings exceed $5 billion.
The partnership aims to transform real estate investment using blockchain technology. The partnership will begin with Keturah Reserve, a luxury residential development in Meydan, Dubai, known for its transformational living spaces. It will introduce a real estate financing vault on MANTRA’s purpose-built, compliance-ready Layer 1 blockchain.
🔥 UAE Real Estate Giant #MAG Partners with #MANTRA to Tokenize $500 Million in Real Estate Assets
✅ MANTRA and MAG will collaborate to democratize access to luxury UAE real estate using secure, yield-bearing vault products backed by MANTRA’s L1 technology.
This collaboration… pic.twitter.com/eVrwOUUa9H
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 3, 2024
This vault product will provide investors with attractive yields backed by the security of blockchain technology. Moreover, the OM token has shown strong performance recently. At the time of writing, it is changing hands at $0.8336, marking a 17.47% weekly gain.
Besides, the token was among the top gainers earlier today before a slight price drop. The market sentiment for OM remains bullish and it trades 3,352.82% above its 200-day Simple Moving Average (SMA. If MANTRA announces more collaborations and developments, the OM token could potentially surpass the $1.0 mark before year-end.
2. TRON (TRX)
TRON operates on the TRC-20 network, known for its significant turnover of the stablecoin USDT. TRON has become the leading network for USDT transactions, highlighting its growing popularity and demand as a payment method. The platform offers scalability and cost efficiency, attracting more businesses and users.
Data from Allium indicates that 38.6% of all stablecoin addresses used in the past 30 days belong to USDT on TRON wallets. This statistic underscores TRON’s influence in the stablecoin market.
Moreover, TRON’s recent rise can be linked to its founder, Justin Sun. In the past few days, Sun acquired 3,967 ETH, worth nearly $50 million, boosting TRON’s market dynamics. Additionally, an address linked to Sun withdrew another 1,449 ETH from Binance.
Another factor that can be linked to the surge in TRON’s value is Sun’s victory in the People’s Court of China over a landmark defamation suit filed against the Chongqing Business Media Group. The court ordered the media outlet to remove its false content and formally apologize to Sun, acknowledging the damage caused to his reputation.
🌐#TRON handles everything from small payments to million-dollar transactions with ease, driving impact across individuals and businesses globally. https://t.co/HuL4S8OHXl
— TRON DAO (@trondao) July 3, 2024
In addition, Sun recently outlined a strategic roadmap to strengthen TRON amidst a volatile crypto market. His key objectives include integrating stablecoin payments, expanding the TRON team with top talent, and leveraging memes to enhance TRON’s resilience and popularity.
These initiatives aim to solidify TRON’s market position and maintain its leadership in blockchain innovation. TRON’s total accounts have reached over 241 million. The TRON ecosystem continues to develop rapidly, making efforts to decentralize the web.
Furthermore, the TRON token is trading at $0.1284 with weekly gains of 4.24%. It also experienced an intraday surge of 42.43% in trading volume.
3. Cardano (ADA)
Cardano is designed to create a balanced and sustainable cryptocurrency ecosystem. It utilizes a unique Proof of Stake consensus mechanism called Ouroboros, which is more energy-efficient than Ethereum’s Proof of Work mechanism.
At the time of writing, the Cardano token is valued at $0.3924, showing a weekly surge of 3.75%. The token exhibits high liquidity based on its market capitalization. The 14-day Relative Strength Index (RSI) is 31.34, indicating a neutral position that may result in sideways trading.
The recent surge in ADA’s market value can be attributed to significant network improvements and the rapid growth of the DeFi sector. Furthermore, the Cardano Foundation, in partnership with the Crypto Carbon Ratings Institute (CCRI), has introduced MiCA-compliant sustainability indicators for the Cardano network, further boosting its market value.
We've teamed up with CCRI to release MiCA-compliant #sustainability indicators for the @Cardano Network, six months ahead of schedule. 🌍
This initiative ensures regulatory compliance, transparency, and highlights the sustainability of the Cardano #blockchain. Learn more in our… pic.twitter.com/89RNciIlWE
— Cardano Foundation (@Cardano_CF) July 2, 2024
To comply with MiCA’s requirements, the Cardano network must be monitored, relevant data must be collected, and indicators must be calculated using scientific methods. The Cardano Foundation engaged CCRI to ensure quality and objectivity in these sustainability indicators, resulting in comprehensive metrics specifically for the Cardano network.
The positive sentiment towards Cardano results from its network’s performance and the increasing total value locked in DeFi, indicating robust activity. These technological advancements and strategic growth initiatives position Cardano as one of the top cryptocurrencies to invest in.
4. Base Dawgz (DAWGZ)
Despite a market downturn, Base Dawgz has raised over $2.3 million in its presale. The project has introduced a new feature called “Refer and Earn,” allowing community members to earn rewards for referring others to the project and its presale.
With this new program, users can generate referral links to share with friends, family, and followers on social media. When someone uses the link to join the Base Dawgz presale and purchases DAWGZ tokens, the original user who shared the link receives 10% of the purchase amount in USDT. This feature aims to help users earn rewards if their referrals show interest in the meme coin.
Congrats $DAWGZ
We reached $2.3 million raised! Let's keep pushing to 2.5! pic.twitter.com/uoAr2OMTGo
— Base Dawgz (@BaseDawgz) July 2, 2024
Base Dawgz has allocated 1.69 billion DAWGZ tokens, or 20% of its 8.4 billion total supply, for staking rewards. The project is a multi-chain cryptocurrency operating on five different blockchains simultaneously, including Base, Ethereum, Solana, Avalanche, and Binance Smart Chain.
Developed initially on the Base blockchain, DAWGZ will offer seamless transfers between chains without using stablecoins or purchasing different tokens for each chain. This multi-chain capability aims to enhance flexibility and accessibility for users, simplifying the process of transferring money across different blockchain networks.
5. zkSync (ZK)
zkSync recently introduced the Elastic Chain, an expanding network of zero-knowledge (ZK) rollups. These rollups, secured by mathematical proofs, offer native interoperability through a user-friendly interface.
Moreover, zkSync’s recent upgrade to version 3.0 addresses the issue of reduced transaction fees, resulting in fragmented liquidity and a disjointed user experience. By leveraging the ZK Stack, zkSync 3.0 enables native, trustless, and cost-effective interoperability between chains.
Furthermore, zkSync experienced a 3.91% price increase over the past week, signaling growth potential. The current market sentiment around zkSync’s price is optimistic. The Relative Strength Index (RSI) is at 57.721, indicating upward momentum.
The nearest resistance level for the coin is $0.386, with the next target at $0.586. Also, Coincodex predicts that the token might reach $0.521414 within the next month.
Today, ZKsync unveils the Elastic Chain — an ever-expanding network of ZK rollups, secured by math and natively interoperable under a uniform, intuitive UX.
Full post: https://t.co/GnbsErZKOZ pic.twitter.com/g9uScjAisa
— ZKsync (∎, ∆) (@zksync) July 2, 2024
In addition, zkSync’s Elastic Chain is a network of ZK rollups that expands as needed, ensuring scalability and security. The upgrade to zkSync 3.0 focuses on seamless interoperability between chains, reducing costs and enhancing user experience.
The platform has shown promising performance with a recent price surge and bullish sentiment. The RSI suggests upward momentum and resistance levels indicate potential price targets.
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