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This article highlights some top-performing cryptocurrencies that traders are eyeing for potential investments.
Over the past day, the overall crypto market capitalization surged by 2.44%, reaching $2.64 trillion. Consequently, the prices of numerous cryptocurrencies experienced upticks. Given the volatile nature of the crypto market and the anticipated Bull Run, specific coins emerge as potential tokens for substantial value appreciation. Recognizing these prospects is crucial for investors seeking strategic investment opportunities. This article focuses on cryptocurrencies positioned for notable growth, analyzing the factors driving their potential ascent.
Top Cryptocurrency to Invest in Now
Dogeverse has exceeded $1.7 million, signaling burgeoning market interest and presenting potential opportunities. Meanwhile, Ondo exhibits a stable market sentiment amidst the crypto market’s inherent volatility. Additionally, ICP, currently trading at $15.90, has recorded a 0.80% intraday increase.
1. Ondo (ONDO)
The Ondo token pioneers the Real-World Asset (RWA) sector, offering opportunities for tokenized yields. Its mission is to connect traditional finance with the decentralized realm of cryptocurrencies by granting access to real-world income-generating assets such as bonds and real estate.
Ondo demonstrates a steady market sentiment despite the crypto market’s inherent volatility. This stability is attributed to its commitment to creating products prioritizing security and accessibility. Moreover, strategic partnerships and a dedication to transparency bolster Ondo’s reputation as a reliable option in the crypto market.
Its emphasis on compliance and security, through collaborations with top-tier institutions, has received positive feedback. Interest in Ondo’s innovative products like USDY reflects a growing demand for high-quality, regulated crypto assets with global appeal. Examining the recent performance of ONDO, the token is currently trading within the range of $0.70 to $0.95.
📣 @krakenpro is listing $ONDO! 📣 https://t.co/D9Y8S43C2m
— Ondo Foundation (@OndoFoundation) April 9, 2024
Over the past month, it has experienced a notable increase of 31.18% while surging by 246.94% over the past six months. The 30-day volatility is 21%, indicating a relatively stable trend. Currently, ONDO is trading approximately -0.99% below its cycle high and 8.07% above its cycle low.
Furthermore, analyzing ONDO’s trajectory, it faces its nearest resistance at $1.09, with a subsequent resistance level at $1.34. Potential support levels may emerge around $0.59 in the event of a decline, followed by $0.34.
2. Neo (NEO)
Neo is a blockchain platform focusing on digital assets and smart contracts. The platform recently underwent a significant upgrade to Neo 3 after four years of Mainnet operation. This upgrade marks a pivotal moment for the platform, enhancing its capabilities and performance.
Furthermore, the emergence of Option2Trade (O2T), a DeFi token focused on social trading, has garnered considerable attention from the Neo community. This showcases a diversification of investment interests and reflects the growth of blockchain applications. Moreover, integrating social trading and DeFi functionalities offered by Option2Trade (O2T) presents exciting possibilities for blockchain investors.
It signifies a shift towards community-driven financial strategies within the Neo ecosystem. Regarding market performance, the token’s price has increased 15.69% intraday and recorded a 57% surge over the past week, reaching its highest price point in a year. This surge in price is supported by high trading volume and liquidity, indicating strong market activity.
From #Web3Festival2024 Hong Kong to #ParisBlockchainWeek , Neo Founder @dahongfei shared his insights as the founder of one of the world's leading public chains, reflecting on recent advancements in #Layer1 and #Layer2, and predicting the evolving trends in blockchain technology. pic.twitter.com/sehUNfnFLw
— Neo Smart Economy (@Neo_Blockchain) April 10, 2024
Technical analysis shows that Neo’s price trades above the 200-day SMA. Additionally, sentiment towards Neo’s price prediction is bullish, with the Fear & Greed Index showing extreme greed at 76.
3. Dogeverse (DOGEVERSE)
Dogeverse is a project aiming to connect different blockchains to create a unified space for investors and market participants. Inspired by the legendary Cosmo the Doge, known for its interstellar journeys across Ethereum and Solana, Dogeverse seeks to transform the Doge Meme into a symbol of creativity and unity.
Launching on six blockchains, Dogeverse enables users to traverse various crypto chains. Furthermore, Dogeverse has recently introduced the AVAX purchase option on its website. Hence, users can transact across Ethereum, BNB, Polygon, and Avalanche, with Base and Solana options coming soon.
In addition, the recent presale of Dogeverse surpassed $1.7 Million, indicating growing market interest and potential opportunities for investors. The total staked DOGEVERSE tokens amount to 2,652,960,219, with an APY of 603%. Priced at $0.000292 per token, the current price offers a potentially attractive entry point. Yet, it’s important to note that this opportunity may be limited, particularly with an anticipated price increase in two days.
4. Internet Computer (ICP)
The DFINITY Foundation has recently unveiled the Olympus Acceleration Platform, marking a significant stride in web3 technology. This decentralized platform is touted as the pioneer in its domain, aiming to support the advancement and adoption of web3 across various ecosystems. Olympus stands out as it will be a hub for teams worldwide to coordinate and launch their accelerator programs.
Initial funding for Olympus’s operations amounts to $15 million, courtesy of DFINITY and the ICP Asia Alliance, with a vision to foster a vibrant Web3 and AI ecosystem in Asia. Plans are in motion to expand this initiative globally with proposed alliances in the EU, MENA, Africa, and America, solidifying the ICP’s global presence. By the year-end of 2024, Olympus is slated to evolve into a decentralized autonomous organization (DAO).
This transition aims to ensure the platform’s sustainability and independence from grants. Future cohorts will be financed through a native token generation event (TGE), followed by community fundraising, ensuring equitable benefits for all stakeholders as token holders.
Olympus Acceleration Platform, the first on-chain Web3 accelerator, launched on #ICP
Olympus enables permissionless ecosystem inclusivity by creating a marketplace accessible to qualified projects@Cointelegraph explores more: https://t.co/bYCEfdxZTDhttps://t.co/oMwtpCx3yo
— DFINITY (@dfinity) April 10, 2024
Moreover, this development coincides with a surge in the value of ICP, which currently trades at $15.90, registering a 0.80% increase intraday. Similarly, the price of ICP skyrocketed by 205% last year, outperforming 68% of the top 100 crypto assets. While sentiment analysis suggests a neutral outlook, the Fear & Greed Index indicates extreme greed at 76.
ICP boasts positive performance compared to its token sale price and maintains high liquidity based on its market cap. Furthermore, the token trades above its 200-day simple moving average, indicating a bullish trend.
The impending release of $54.87 million worth of $ICP tokens on the Internet Computer network is poised to draw heightened interest from investors. Investors are anticipated to closely evaluate the potential consequences of the token’s valuation.
5. Shiba Inu (SHIB)
Shiba Inu recently initiated another token burn to make the token scarcer and potentially more valuable. About 87 million tokens were burned in the past intraday session, reflecting a 50,000% surge. Following a trend seen earlier in the week, this burning event adds to over 15.5 billion SHIB tokens removed from circulation in March.
SHIB grew 3.63% over the past week to trade at $0.00002781. Many analysts believe Shiba Inu holds further growth potential. Shiba Inu’s journey has faced market resistance, as its performance often mirrors Bitcoin’s. Bitcoin’s fluctuations have hindered bullish investors’ attempts to break through a downtrend line.
The #SHIBARMY is on FIRE! 🔥 6 Months of UNBELIEVABLE growth: 📈
•Creators +30,743%
•Posts with Interactions +96,655%
•Total Interactions +12,854%
•Price +306.8%
•Trading Volume +398.9%This is just the beginning, frens! Buckle up for an amazing ride #SHIBArmyStrong… https://t.co/VT2txUlh37
— Shib (@Shibtoken) April 10, 2024
Nonetheless, Shiba Inu has maintained support at the $0.000023 level, a positive indicator for its future trajectory. Moreover, technical indicators such as the stable 20-day EMA and a neutral RSI suggest the possibility of a breakout. If Shiba Inu manages to surpass the downtrend line, prices could rise to $0.000033 and potentially even $0.000039.
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