{"id":593413,"date":"2024-10-31T09:22:16","date_gmt":"2024-10-31T09:22:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=593413"},"modified":"2024-10-31T09:22:16","modified_gmt":"2024-10-31T09:22:16","slug":"6-best-altcoins-to-invest-in-today-october-31-maker-kaspa-chainlink-tron","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/6-best-altcoins-to-invest-in-today-october-31-maker-kaspa-chainlink-tron","title":{"rendered":"6 Best Altcoins To Invest In Today October 31 \u2013 Maker, Kaspa, Chainlink, TRON"},"content":{"rendered":"

Recent analysis suggests that Bitcoin (BTC), the leading cryptocurrency, may be approaching a bullish period. Two primary factors support this outlook: a drop in Bitcoin reserves and an increase in stablecoin reserves. This combination of reduced Bitcoin supply and enhanced buying power has led to expectations of a possible price increase for the digital asset.<\/span><\/p>\n

Meanwhile, crypto analyst Miles Deutscher notes that altcoins are currently forming a flag pattern on shorter time frames while showing a bullish reversal trend marked by higher lows. This indicates that while altcoins are seeing brief price movements within a tight range, the overall trend suggests a potential upward breakout in the near future. Given this bullish sentiment, investors are searching for the <\/span>best altcoins to invest in today.<\/span><\/p>\n

6 Best Altcoins To Invest In Today <\/b><\/h2>\n

Maker (MKR) is currently priced at $1,288.31, marking an 8.21% rise in the last 24 hours. On October 22, the Kaspa network processed 15.79 million transactions. Meanwhile, Chainlink, in collaboration with Lido, has launched a new cross-chain staking feature that leverages its Cross-Chain Interoperability Protocol (CCIP). <\/span><\/p>\n

Additionally, Pyth Network, a blockchain oracle service, recently exceeded Chainlink in terms of 30-day transaction volume, even though its total value secured (TVS) remains lower. In the broader market, <\/span>Bitcoin has paused after nearing its all-time high<\/span><\/a>. Meanwhile, FreeDum Fighters, a new meme coin presale initiative, is generating interest with its mix of political humor and attractive earning potential.<\/span><\/p>\n

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

Maker (MKR) is currently valued at 1,288.31, reflecting an 8.21% increase over the past 24 hours. MKR is available on Binance, and its 24-hour volume-to-market cap ratio sits at 0.2632. This indicates relatively high liquidity in relation to its market capitalization. The token also has a negative yearly inflation rate of -10.30%, which could positively influence its long-term supply dynamics.<\/span><\/p>\n

\"MKR<\/p>\n

Looking toward November 2024, forecasts suggest potential growth for MKR. Analysts predict a price target of approximately 2,002.31, with the price possibly ranging between 1,244.66 and 2,290.89. This anticipated range is influenced by recent market performance. If this outlook materializes, investors purchasing MKR now might see an estimated return of 77.72%.<\/span><\/p>\n

An additional forecast suggests an even higher target of 2,219.95 by November’s end, representing a potential 78.36% increase from current levels. Market sentiment for MKR appears neutral. However, the Fear & Greed Index sits at 69, showing moderate optimism or “greed” among investors. In the last 30 days, Maker recorded a 47% rate of positive trading days, with volatility around 10.11%.<\/span><\/p>\n

2. Kaspa (KAS)<\/b><\/h3>\n

On October 22, the Kaspa network recorded 15.79 million transactions. This volume is significant, especially since it was achieved using PoW technology, which is known for its censorship resistance. For context, Kaspa’s daily transaction volume that day was roughly 2.1 times greater than the combined all-time highs of other established cryptocurrencies, including Bitcoin (BTC), Ethereum Classic (ETC), Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin (DOGE). <\/span><\/p>\n

\"KAS<\/p>\n

Notably, this surge was driven by the introduction of a single token on the KRC20 standard. This new token attracted substantial support from the Kaspa community, highlighting the network’s responsiveness to innovation.<\/span><\/p>\n

\n

🔥15.79 Million Transactions. 🔥
That's the total amount of accepted transactions from the @KaspaCurrency<\/a> network last Tuesday, 22\/10.
Please read this post from #Kaspa<\/a> Ambassador, @elldeeone<\/a> as he breaks it down. #ProofOfWork<\/a> #L1<\/a> #1BPS<\/a> #KAScharts<\/a> https:\/\/t.co\/fpigqR3AEE<\/a><\/p>\n

— Kaspa (@KaspaCurrency) October 24, 2024<\/a><\/p><\/blockquote>\n