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At the time of writing, the crypto market remains in decline, with Bitcoin falling below $56,000 due to negative sentiment. Jupiter’s announcement to lower BTC, SOL, and ETH borrowing rates may encourage more market activity and increase inflows. This decision could also affect other platforms within the ecosystem. Investors are hopeful and actively searching for top cryptocurrencies to invest in, expecting a potential market rebound following Jupiter’s latest move.
Top Cryptocurrencies to Invest in Now
The Meme Games has experienced steady growth since its presale began, raising over $419,000 through its initial coin offering (ICO), with each token priced at $0.0094. Meanwhile, the Sui token is gaining market attention, currently trading at $0.8232, following a 4.45% increase in value today. Similarly, the JUP token, priced at $0.7297, has seen a modest 1.62% rise over the past 24 hours.
1. The Meme Games (MGMES)
The Meme Games has seen steady growth since its presale began. The initiative integrates a gaming element into its presale. It has raised over $419,000 in its ICO, with each token priced at $0.0094.
Inspired by the ongoing sporting events in Paris, The Meme Games introduces investors to a blockchain-based sporting competition. In addition to early investment opportunities, the project allows presale participants to support “meme athletes” in a virtual 169-meter dash. Investors who back the winning athlete earn a 25% bonus on their investment, adding a competitive twist to the process.
The total supply of MGMES tokens is capped at 2.024 billion, with 38% reserved for presale investors. This ensures that a significant portion of tokens are available before they enter the public market.
Investors can purchase tokens directly from the project’s website using Ethereum or BNB Chain wallets. Additionally, The Meme Games offers a staking option with an annual return rate of 459%, allowing participants to increase their token holdings before the September 10 listing on exchanges.
Time’s ticking! ⏳ Only 3 days left until the Meme Games presale ends!
Choose your meme champion and secure a 25% bonus if they win before the #Presale closes! 🔐
Hurry, the clock stops on September 8th at 10 AM UTC! 🔥
Join now! 👉 https://t.co/6oUlx6rUVU pic.twitter.com/qji1kKwmpr
— The Meme Games (@MemeGames2024) September 5, 2024
The presale is scheduled to close on September 8, aligning with the Paralympics’ closing ceremony, potentially influencing the token’s value as it transitions to the open market. With unique features and staking incentives, MGMES has attracted attention from the blockchain community, setting the stage for its official market debut.
2. Injective (INJ)
Injective has introduced a new tokenized index for BlackRock’s BUIDL Fund, allowing users to track the fund’s supply through a perpetual market, which the company claims is the first of its kind. This index offers an alternative method for accessing the BUIDL Fund, previously limited to institutional investors with a minimum $5 million investment. Now, users can participate with as little as $1.
The BUIDL Fund, BlackRock’s first tokenized offering on a public blockchain, provides exposure to U.S. Treasuries, cash, and repurchase agreements. This allows investors to earn yield while holding tokenized assets on the blockchain.
Despite ongoing market challenges, the fund has performed steadily, amassing over $500 million in assets under management, making it the largest tokenized fund to date. Following this announcement, Injective’s token, INJ, saw an 8.84% increase in value, reaching $17.13.
Today, Injective launched the first ever BUIDL Index which tracks the size of BlackRock's $BUIDL Fund.
The BUIDL Index brings the world’s first perpetual market for BlackRock’s BUIDL Fund, allowing anyone to gain 24/7 exposure to tokenized assets such as U.S. treasuries with…
— Injective 🥷 (@injective) September 4, 2024
It briefly peaks at $17.58 before falling to $15.30 due to selling pressure from large holders. Moreover, INJ currently ranks as the 45th-largest crypto by market cap, with a value of around $1.6 billion.
Also, it trades well above its 200-day simple moving average (SMA) of $11.02. The Injective token’s performance reflects strong market liquidity, though recent whale sell-offs may signal further price fluctuations. Nonetheless, introducing the BUIDL Index opens up new opportunities for smaller investors to participate in a previously exclusive market.
3. Sui (SUI)
The Sui blockchain’s recent innovation allows users to transact without internet connectivity, marking a notable development in cryptocurrency. This technology addresses a critical need, particularly for regions frequently impacted by internet disruptions, such as those prone to natural disasters or with limited access to stable connections.
By allowing users to process transactions offline, Sui aims to provide a more resilient financial solution for such areas. In addition to its potential impact on underserved communities, Sui’s internet-less transactions could have implications for the Internet of Things (IoT).
As IoT devices are key to DePIN projects, this technology might facilitate smoother integration and usage of these devices in decentralized systems. Meanwhile, the launch of this technology has sparked increased interest in Sui’s token.
Sui Mainnet is about to get a little…random 🎲 🤪
With use cases spanning from games of chance to random sampling and probabilistic NFT traits, we can't wait to see what you build with the new secure and stable onchain randomness feature, now live on Mainnet! pic.twitter.com/ekNDmuZbVs
— Sui (@SuiNetwork) September 2, 2024
The Sui token appears to be attracting attention in the market. It is currently exchanging hands at $0.8232, with an intraday surge of 4.45%. It further trades above its 200-day simple moving average and performs well relative to its initial token sale price.
While it is still early to determine the long-term success of this innovation, the potential for broader adoption and increased developer activity suggests that Sui’s technology could lead to further growth. Sui’s developments may present an option worth considering for investors looking for the top cryptocurrencies to invest in now.
4. Shiba Inu (SHIB)
SHIB’s introduction of the ShibDev Portal marks a strategic step for the Shiba Inu ecosystem, particularly in enabling developers to build on Shibarium. LucieSHIB, the protocol’s lead marketer, revealed that this portal provides essential tools to facilitate the development of dApps.
The ShibDev Portal is expected to play an important role in Shibarium’s continued growth. Although Shiba Inu started as a meme coin, the platform’s recent innovations indicate a broader focus on development and scalability. The portal was designed to cater to the expanding community and could help the protocol compete more effectively with Ethereum L2 solutions.
This evolution could also add value to the SHIB token over time. In parallel, data from IntoTheBlock shows a notable rise in whale activity, with a significant 282.8% increase in large SHIB transactions over the past 24 hours. This surge represents a total of 1.97 trillion SHIB, reflecting a shift in investor behavior.
At press time, the SHIB token is trading at $0.00001324, showing a modest 0.95% increase in intraday activity. These developments suggest that Shiba Inu is making tangible progress, particularly in expanding its ecosystem and attracting more substantial investors.
5. Jupiter (JUP)
Jupiter is a decentralized exchange (DEX) aggregator within the Solana ecosystem that offers users efficient token swaps with minimal slippage and low transaction fees. The platform helps users find the best routes for direct swaps across multiple exchanges and liquidity pools, further strengthening its position as a key provider of liquidity solutions in Solana’s DeFi space.
In addition to its swap aggregation engine, the platform is expanding its range of decentralized finance (DeFi) services. These include limit orders, dollar-cost averaging (DCA), and a bridge comparison tool.
This expansion aims to allow users to schedule swaps at specific prices, automate trades at regular intervals, and compare bridge routes for optimal transactions. The JUP token, currently priced at $0.7297, has seen a modest increase of 1.62% over the last 24 hours.
Furthermore, the token trades above its 200-day simple moving average and shows strong liquidity based on its market cap. Meanwhile, the 14-day Relative Strength Index (RSI) is at 53.35, suggesting the token is in neutral territory and may experience sideways trading soon.
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