{"id":570100,"date":"2024-08-28T19:03:40","date_gmt":"2024-08-28T19:03:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=570100"},"modified":"2024-08-28T19:03:40","modified_gmt":"2024-08-28T19:03:40","slug":"best-cryptocurrencies-to-invest-in-right-now-august-28-internet-computer-injective-avalanche","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-cryptocurrencies-to-invest-in-right-now-august-28-internet-computer-injective-avalanche","title":{"rendered":"Best Cryptocurrencies to Invest in Right Now August 28 – Internet Computer, Injective, Avalanche"},"content":{"rendered":"

Russia’s recent decision to set up cryptocurrency exchanges is causing a stir in the financial sector. This move might indicate a change in global financial strategies, especially as other countries consider BTC part of their reserves. With major nations like Russia and China showing interest in cryptocurrencies, the market could enter a new digital currency phase. <\/span><\/p>\n

If more countries begin to stockpile digital assets, its increasing scarcity could boost its value, potentially altering the global financial scene. As digital currencies gain traction, investors are looking for the <\/span>best cryptocurrencies to invest in right now to make the most of these opportunities.<\/span><\/p>\n

Best Cryptocurrencies to Invest in Right Now<\/b><\/h2>\n

AVAX has experienced a modest recovery in its price recently, marking a 1.20% increase over the past week. Moreover, Injective has introduced the Remix Web IDE, that allows developers to build, test, and deploy smart contracts directly from their browsers. Additionally, Internet Computer has gained traction as it continues to expand its utility and integration within the broader cryptocurrency ecosystem.<\/span><\/p>\n

1. Avalanche (AVAX)<\/b><\/h3>\n

Avalanche is a layer-one blockchain that supports decentralized applications and custom blockchain networks. Positioned as a competitor to Ethereum, it seeks to become the leading platform for smart contracts by offering a higher transaction capacity. Furthermore, the platform can handle up to 6,500 transactions per second while maintaining scalability.<\/span><\/p>\n

Recently, AVAX has seen a modest recovery in its price, rising from a recent low to $23.53, a 1.20% increase over the past week. Despite this, the cryptocurrency has experienced a 36% decline over the last six months. <\/span><\/p>\n

\"AVAX<\/p>\n

However, it is important to note that Avalanche trades above its 50, 100, and 200-day Exponential Moving Averages (EMAs). This suggests a potentially positive outlook in the medium to long term. Moreover, the token’s Relative Strength Index (RSI) had been approaching oversold levels on the daily chart, but it has since dropped to below 50. This indicates there is significant potential for price growth. <\/span><\/p>\n

Avalanche also benefits from high liquidity, supported by its substantial market capitalization. This liquidity is a positive factor, suggesting ample market activity to support price stability and potential growth. Additionally, the token is trading 50.46% above its 200-day Simple Moving Average (SMA) of $15.75, reflecting a strong position relative to its longer-term trend.<\/span><\/p>\n

2. Shiba Shootout (SHIBASHOOT)<\/b><\/h3>\n

Shiba Shootout<\/span><\/a> combines a Wild West theme with blockchain technology. Through various in-game activities, players can earn rewards in SHIBASHOOT tokens. The game takes place in the fictional town of Shiba Gulch, where players can engage in multiple tasks to accumulate tokens.<\/span><\/p>\n

\n

$SHIBASHOOT isn’t your average memecoin. 💯<\/p>\n

It combines innovation and strategy with a Wild West theme. 🤩<\/p>\n

Join us for fun events and a clear path to value! 🚀 pic.twitter.com\/JW1vRcBbu1<\/a><\/p>\n

— shibashootout (@shibashootout) August 26, 2024<\/a><\/p><\/blockquote>\n