{"id":572494,"date":"2024-09-03T14:32:57","date_gmt":"2024-09-03T14:32:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=572494"},"modified":"2024-09-03T14:32:57","modified_gmt":"2024-09-03T14:32:57","slug":"5-best-altcoins-to-buy-now-september-3-thorchain-layerzero-bnb-dogwifhat","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-altcoins-to-buy-now-september-3-thorchain-layerzero-bnb-dogwifhat","title":{"rendered":"5 Best Altcoins to Buy Now September 3 \u2013 THORChain, LayerZero, BNB, dogwifhat"},"content":{"rendered":"

Cryptocurrency investors are preparing for a critical September, with several significant United States’ macroeconomic events on the horizon that could impact the <\/span>best altcoins to buy now. The Fed’s upcoming interest rate decisions are especially crucial, as they are expected to influence market dynamics. Whether positive or negative, changes in economic data can greatly affect investor sentiment and risk appetite, thereby influencing the attractiveness of assets like Bitcoin.<\/span><\/p>\n

Last week’s market downturn opened a window for wise investors to update their portfolios with prospective tokens. This week’s market rebound also offers another window for savvy investors to capitalize on the current trend.<\/span><\/p>\n

5 Best Altcoins to Buy Now <\/b><\/h2>\n

LayerZero (ZRO) is emerging as a key player in the crypto industry, primarily due to its focus on enhancing cross-chain communication. The Meme Games project has also attracted attention by timing its presale to coincide with the 2024 Paris Olympics and Paralympics. <\/span><\/p>\n

The presale will conclude on September 8, and the project plans to list on a decentralized exchange (DEX) by September 10. In other news, cryptocurrencies were up on Tuesday despite ETFs witnessing outflows as Wall Street eagerly awaits <\/span>labor market data<\/span><\/a>.<\/span><\/p>\n

1. THORChain (RUNE)<\/b><\/h3>\n

THORChain has grown considerably over the past week, particularly its weekly liquidity fees, which have increased significantly after a long period of consolidation. Last week, the network witnessed transactions surpassing $500k and reaching $744.8k. This figure marks a 71% gain compared to the previous week, indicating a substantial breakout.<\/span><\/p>\n

\"RUNE<\/p>\n

This growth comes during the first full week since the protocol raised its minimum Layer 1 (L1) swap cost to 0.15%. Despite the higher prices, network users have continued to use the service, showing resilience and the value they find in THORChain. The L1 swap traffic remains robust, with the average daily volume steady at $30.8 million, suggesting that the increased fees do not deter users.<\/span><\/p>\n

\n

Fees generated are the most important KPI, since they generate all revenue for the liquidity & security providers of the network<\/p>\n

The signal?
Fees up https:\/\/t.co\/wTW4GtRz87<\/a><\/p>\n

— THORChain (@THORChain) August 25, 2024<\/a><\/p><\/blockquote>\n