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Discover the top cryptocurrencies to consider investing in today. Explore promising coins and tokens with potential for growth and stability in the current market.
Recently, Hashdex submitted a proposal to the Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that includes Bitcoin and Ethereum. This move aims to integrate digital assets into traditional financial instruments, potentially making cryptocurrencies more accessible to a broader range of investors and boosting the crypto market significantly.
With the altcoin market experiencing a downturn, this development could provide a much-needed boost, potentially leading to significant price surges for several altcoins.
Best Cryptocurrencies to Invest in Right Now
Base Dawgz has raised over $1.8 million in its current presale and is nearing its $2 million target. Recently, Polygon collaborated with Cookie to integrate AI Data Layer capabilities into the COOKIE ecosystem, aiming to enhance data-driven decisions across projects built on Polygon. Additionally, Injective has partnered with DEGA to advance its development in Web3 gaming.
1. Fetch.ai (FET)
Fetch.ai has experienced a significant surge, increasing its value by over 25% in the past 24 hours. The token’s market cap is $1.43 billion, positioning it as the 61st-largest cryptocurrency. Also, its daily trading volume has doubled, surpassing $400 million.
This optimism surrounding AI-related tokens reflects the broader excitement about advancements in AI and its potential uses. Companies like Nvidia, which are leaders in AI, boost investor confidence and increase the value of related digital assets.
The FET token trades at $1.67 at press time, marking a 27.75% increase in its 24-hour chart. Despite this rise, the price prediction sentiment for Fetch.ai remains bearish. Meanwhile, the Fear & Greed Index indicates a reading of 60, suggesting a state of greed in the market.
We are extremely excited to be supporting Outlier Ventures @OVioHQ with their AI x Crypto Base Camp program🚀
Congratulations to the startups that have been selected! We look forward to supporting your journey✨ @axonexyz @dricity_ai @FungiAgent @redpill_gpt @statelessapi… https://t.co/rFptzyCMJn— Fetch.ai (@Fetch_ai) June 18, 2024
Furthermore, Fetch.ai is positioned 93.65% above its 200-day Simple Moving Average. The token has shown positive performance in its token sales in USD and BTC. The excitement around AI and its potential continues to drive gains in the cryptocurrency market, but it is important to consider the long-term viability and substance behind these valuations.
2. Base Dawgz (DAWGZ)
Base Dawgz has raised over $1.8 million in its ongoing presale and is close to reaching its $2 million goal. As a high-utility meme coin, it aims to build a robust community rather than relying solely on hype, positioning itself as a meme coin.
https://twitter.com/BaseDawgz/status/1803386814905938394
The platform features a share-to-earn model, where investors can earn free crypto by sharing DAWGZ-related content on social media, such as memes or updates. Additionally, investors can create referral links from the Base Dawgz website and earn a percentage of investments made through these links during the presale.
Furthermore, Base Dawgz has adopted a multi-chain approach to enhance visibility and attract more investors. The coin is available on blockchains, including Ethereum, Solana, Avalanche, and BNB Smart Chain.
The Base Dawgz presale uses a multi-tier system to reward early buyers. Consequently, the coin’s price rises after each presale stage ends. The next price increase is scheduled in four days.
The development team plans to launch DAWGZ on as many platforms as possible across these blockchains. This strategy aims to maximize the coin’s exposure and potential growth.
3. NEAR Protocol (NEAR)
NEAR Protocol is designed as a community-run cloud computing platform. It addresses several challenges competing blockchains face, such as low transaction speeds, limited throughput, and poor interoperability. NEAR provides an optimal environment for dApps by overcoming these issues, making the platform user and developer-friendly.
The current market sentiment for NEAR Protocol is mixed. While the price trend shows a bearish outlook in the short term, it also hints at a potential recovery from these dips in the long run. Market indicators send unspecific signals, indicating the token is neither strongly overbought nor oversold.
Furthermore, NEAR Protocol has recently gained significant attention, climbing to the top of Google search trends and attracting investor interest. This surge in interest, combined with robust activity data from DappRadar, has led to speculation about a potential price increase. Some analysts predict the token could rise to $16 despite recent declines.
As of the latest data, the token is exchanging hands at $5.40, showing an 8.45% increase on the daily chart. It trades 238.53% above its 200-day Simple Moving Average (SMA). Moreover, traders remain optimistic about NEAR Protocol.
Rejoice d̴e̴g̴e̴n̴s̴ intelligent on-chain data fanatics, NEAR is now integrated with @DEXToolsApp 🫡 https://t.co/LA7qEcQUWg
— NEAR Protocol (@NEARProtocol) June 19, 2024
The token’s price prediction sentiment is currently bullish. Additionally, the Fear & Greed Index shows a reading of 60, indicating greed among investors. This positive sentiment suggests that investors believe in the token’s potential for growth.
In addition, NEAR presents a promising blockchain solution that focuses on overcoming industry challenges. While short-term market sentiment is mixed, its long-term potential appears strong. Investors and developers may find NEAR Protocol an interesting project to watch as the crypto market evolves.
4. Injective (INJ)
Injective recently partnered with DEGA, a prominent game builder platform, to advance its development in Web3 gaming. This collaboration allows game creators to design and publish games on Injective using DEGA’s platform, marking a significant step in the GameFi sector.
The partnership also aims to leverage Injective’s community through various initiatives. These include giveaways of limited edition in-game items, events for community leaders, tournaments, and Injective games on DEGA’s platform.
In another development, the Injective X account announced the integration of Transak and PayPal USD (PYUSD) on June 19. This update allows users to easily convert fiat currency to digital assets on the Injective platform. The integration simplifies access to model assets like PYUSD within a unified network, potentially boosting mainstream adoption and improving user experience.
Furthermore, the platform collaborated with Tria to enhance the user experience for decentralized applications (dApps) and users. Tria’s Unchained technology enables complete gas fee abstraction and cross-chain liquidity unification. This means users can manage payments and assets flexibly, using any token to pay gas fees and connecting to dApps with any social account.
.@useTria is launching on Injective to enhance UX for dApps and users.
Tria's Unchained tech enables complete gas abstraction and cross-chain liquidity unification, allowing users to have more control over payments and assets with their wallet. pic.twitter.com/CHiStgudfg
— Injective 🥷 (@injective) June 18, 2024
This integration makes Injective the first blockchain to offer such flexibility, allowing users to use assets from any chain and pay gas fees with any token. The overall sentiment around Injective has been positive, with the token showing a 7.79% increase between May 15 and June 15.
As of the latest data, the token has surged 8.32% intraday, reaching $22.26. It trades above the 200-day simple moving average and shows strong market performance. The platform’s collaboration with established financial entities enhances its credibility and potential for expansion, creating a positive outlook for the INJ cryptocurrency.
5. Polygon (MATIC)
Polygon recently partnered with Cookie to integrate AI Data Layer capabilities into the COOKIE ecosystem to enhance data driven decisions across projects built on Polygon. This collaboration offers Polygon builders a free trial of comprehensive user engagement and analytics tools.
In another development, Azuro has introduced a grant program to boost the growth of Onchain Prediction Apps on Polygon PoS. This initiative strengthens the relationship between Azuro and the Polygon community, leveraging their combined infrastructure solutions. The grants will provide financial and technical support to developers, encouraging innovation and expanding the application ecosystem.
Meanwhile, the MATIC token has been in a downtrend since March but has shown a recent uptick, surging 2.65% intraday to $0.5884. The sentiment around Polygon’s price prediction remains bearish, although the Fear & Greed Index indicates investor greed with a score of 60.
builders, more data for you.@Cookie3_com has integrated an AI data layer, so projects on Polygon PoS can make data driven decisions.
the team is offering polygon builders a free trial for comprehensive user engagement and analytics. try it out. https://t.co/EEm1ZQjaiI
— Polygon | Aggregated (@0xPolygon) June 19, 2024
Despite the bearish sentiment, signs of potential recovery are particularly noted in the Relative Strength Index (RSI). If broader market conditions improve, Polygon’s price could rebound with support from investors, suggesting a cooling of selling pressure in the market.
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