{"id":448301,"date":"2023-10-16T17:02:12","date_gmt":"2023-10-16T17:02:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=448301"},"modified":"2023-10-16T18:08:51","modified_gmt":"2023-10-16T18:08:51","slug":"5-best-altcoins-to-invest-in-right-now-maker-loom-network-cronos-band-network","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-altcoins-to-invest-in-right-now-maker-loom-network-cronos-band-network","title":{"rendered":"5 Best Altcoins to Invest in Right Now – Maker, Loom Network, Cronos, Band Network"},"content":{"rendered":"

Insidebitcoins regularly updates a list of the <\/span>best tokens investors should consider<\/span><\/a> for investment. This article summarizes several altcoins that are worth considering for your investment portfolio.<\/span><\/p>\n

In the early part of the week, Bitcoin and other tokens experienced notable gains in trading across Asia. This rally is primarily driven by recent SEC developments in the United States. <\/span><\/p>\n

Bitcoin increased slightly<\/span><\/a> over 1%, reclaiming the $27,000 price level. Meanwhile, Ethereum, the most significant rival to Bitcoin, also registered a modest gain, rising by just half a percent to maintain a value above $1,550. <\/span><\/p>\n

Altcoins, representing various other cryptocurrencies, also exhibited favorable trading performance in the early morning. The recent stability in Bitcoin’s price, hovering around the $27,000 level, can be attributed to the SEC’s choice not to contest the court’s decision that favored Grayscale Investments. <\/span><\/p>\n

5 Best Altcoins To Buy Now<\/span><\/strong><\/h2>\n

Market participants are currently displaying cautious optimism regarding the potential approval of Bitcoin’s spot ETF applications by the SEC. This has led to a modestly positive sentiment within the cryptocurrency market. As such, investors are seeking the best altcoins to purchase, given a bullish run. These are some of the poised for a rally:<\/span><\/p>\n

1. Maker (MKR)<\/span><\/strong><\/h3>\n

In recent months, Maker has witnessed a significant influx of deposits, swaps, and accumulations executed by prominent figures in the cryptocurrency space. These actions are part of Maker’s strategic “Endgame” plan to improve operational efficiency, resilience, and broader participation in the project.<\/span><\/p>\n

\"MAKER<\/p>\n

Over the last 30 days, Maker (MKR) has demonstrated an 18.6% increase in value. In addition, Maker’s live price currently stands at $1,440.21, with a 24-hour trading volume of $40,813,766. In the last 24 hours, Maker has experienced a 1.89% uptick, with a circulating supply of 977,631 MKR coins.<\/span><\/p>\n

Maker (MKR) is the governance token for the MakerDAO and the Maker Protocol. MakerDAO is decentralized, and the Maker Protocol is a software platform built on the Ethereum blockchain. These platforms enable users to issue and manage the DAI stablecoin.<\/span><\/p>\n

Initially conceived in 2015 and fully launched in December 2017, Maker’s primary mission is to oversee DAI, a community-managed decentralized cryptocurrency with a stable value pegged to the US dollar. Moreover, MKR tokens operate as voting shares within the organization governing DAI, conferring voting rights on matters related to the development of the Maker Protocol. <\/span><\/p>\n

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The first functioning DeFi product developed by a SubDAO has gone multi-chain.<\/p>\n

SparkLend has been successfully deployed and is now available to all users on @gnosischain<\/a>.<\/p>\n

→ https:\/\/t.co\/6z0TuiZF1b<\/a> pic.twitter.com\/KT6MUhIiYF<\/a><\/p>\n

— Maker (@MakerDAO) October 9, 2023<\/a><\/p><\/blockquote>\n