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According to CryptoQuant analyst OnchainTerek, Bitcoin (BTC), the leading cryptocurrency, could be preparing for a bullish shift. In a post shared on X (formerly Twitter), OnchainTerek highlighted the decrease in Bitcoin reserves and the increase in stablecoin reserves as indicators of a potential price increase.
The analyst believes that Bitcoin could soon see a price hike due to tight market supply and increasing purchasing power. Given this bullish sentiment, investors are looking for the the best altcoins to invest in today.
The 6 Best Altcoins to Invest in Today
Render Network is establishing itself as a major player in GPU-based decentralized rendering, offering solutions that streamline the digital creation process. Despite ongoing regulatory challenges, Uniswap (UNI) is showing signs of a potential bullish trend.
ORDI (ORDI) is currently trading at $30.72, reflecting a 3.59% increase over the past 24 hours, while Flow (FLOW) has increased by 4.16% to $0.554931 over the same period. Crypto All Stars has introduced a unified staking platform for meme coin enthusiasts, allowing them to earn passive rewards. According to Robinhood CEOCryptocurrency will significantly benefit financial services over time.
1. Render (RENDER)
Render Network is a key player in GPU-based decentralized rendering, delivering solutions that improve the digital creation process. The network leverages a peer-to-peer system for scalability, speed, and cost-effectiveness.
Render’s current market trend indicates a positive outlook. For instance, RENDER is trading at $5.19, marking a 3.01% gain in the last 24 hours. Year-to-date (YTD), the token has registered a 250% gain, outperforming 82% of the top 100 crypto assets. Additionally, the token has recorded 16 green days in the last month.
On the way to September @rendernetwork🔥
Tomorrow, @JulesUrbach And @drjonessf Join Grayscale’s Product and Research Manager, @Ray_scaleto delve into how $RENDU reshapes decentralized GPU computing and changes the game for creators! 🦾
Tune in TOMORROW at 11am PT / 2pm…
— The Render Network (@rendernetwork) September 11, 2024
From a technical perspective, RENDER is facing resistance at the 50-day exponential moving average (EMA). It will need to break above this level to continue its upward trend. The token is gaining momentum and as long as it remains above its support trendline, the rally can continue. However, if it faces rejection, the lower support levels could offer a good entry point for investors.
2. Uniswap (UNI)
Amid regulatory uncertainty, Uniswap (UNI) is showing signs of a potential bullish reversal. The technical chart indicates the formation of a falling wedge pattern, which generally signals upward momentum. As the price approaches the top of this wedge, traders are closely monitoring a potential breakout, which could push UNI price to $16, a 139% increase from its current level of $6.77.
This optimistic outlook hinges on the price breaking the key resistance around $9 and advancing towards $16. A breakout seems increasingly likely as market participants await the outcome of congressional hearings, which could influence the future of decentralized finance (DeFi) in the United States.
L2 Exchange Just Got a Major Upgrade
You can now view and select tokens across all networks at once, eliminating the need to switch between networks entirely
Trade smarter, not harder. 🫡 pic.twitter.com/k2xnedlFxs
— Uniswap Labs 🦄 (@Uniswap) September 11, 2024
Uniswap’s price is currently 28.43% above its 200-day simple moving average (SMA) of $5.28, reflecting strong performance. Over the past year, UNI has increased by 61% and outperformed 50% of the top 100 crypto assets. With 16 green days in the past 30 days, it has shown consistent momentum, suggesting growing confidence among traders. However, regulatory developments and general market conditions will likely play a key role in determining whether Uniswap can maintain this upward trajectory.
3. COMPUTER (COMPUTER)
The current price of ORDI (ORDI) is $30.72, which reflects a 3.59% increase in the last 24 hours. Over the past year, ORDI has surged 879%, outperforming 96% of the top 100 cryptocurrencies. It has notably outperformed Bitcoin and Ethereum during this time.
ORDI is also trading above its 200-day simple moving average (SMA), currently sitting 126.78% above the SMA value of $13.55. This indicates a positive long-term trend, supported by high liquidity relative to its market capitalization.
Projections suggest that ORDI price projections could increase by 226.90%, potentially reaching $100.91 by October 12, 2024. In the short term, the price predictions for the coming days show moderate growth, with an estimated value of $45.78 by September 19, 2024, representing a gain of 48.31% from the current price.
Overall, sentiment around ORDI appears neutral, with 17 technical indicators signaling bullish momentum. Based on recent trends, these projections offer a cautiously optimistic outlook for the cryptocurrency’s near-term performance.
4. Flow
Flow (FLOW) is trading at $0.554931, which is up 4.16% in the last 24 hours. Over the past year, its value has increased by 34%, indicating a steady upward trend. Over the last 30 days, the coin has recorded 17 days (57%) where the closing price was higher than the opening, suggesting positive momentum.
The asset has high liquidity relative to its market cap, making it easy to buy and sell without significantly affecting its price. Flow price predictions anticipate an increase of 228.24%, potentially reaching $1.812543 by October 12, 2024.
Flow Crescendo Upgrade Paves the Way for the Future of Consumer Web3 🌊
Crescendo, now available, is the biggest update since Flow’s genesis, removing complexities for developers and enabling full interoperability with the broader Web3 ecosystem.
— Flow 🌊 (@flow_blockchain) September 5, 2024
Despite these optimistic projections, sentiment around Flow remains neutral, supported by 15 technical indicators signaling bullish trends. The Fear and Greed Index stands at 31, indicating investor caution. Additionally, Flow has experienced relatively low volatility, with a fluctuation of 4.34% over the past month. Given this data, some may consider it a good investment opportunity, although it is essential to consider market sentiment and personal risk tolerance.
5. BNB (BNB)
Binance Coin (BNB) has been on a steady rise, marking its fifth consecutive day of price gains. It hit an intraday high of $545, the highest since August 27, and 15% above its lowest point this month. This represents a notable recovery of over 36% from August lows, in line with the broader cryptocurrency market, including cryptocurrencies like Sui (SUI), Popcat (POPCAT), and BinaryX (BNX), which have also seen gains.
The increase in BNB price appears to be linked to on-chain metrics. Data shows that active addresses increased by 4% in the last 24 hours to reach 925,700. Meanwhile, the total number of transactions increased by 15% to reach 4.2 million, the highest level in almost a month.
Meme Innovation Battle Update!
The battle period was extended by one week until September 20.
Check out the ranking 👇
To support and encourage more new meme coins, we are offering an additional $10,000 reward for the top 3 memes launched… pic.twitter.com/A1yhHIysnQ
— BNB Channel (@BNBCHAIN) September 12, 2024
However, a longer-term view reveals a different picture. Active addresses have declined significantly, down more than 75% from their peak of 3.58 million in December. Similarly, transactions peaked at 4.8 million in August but have since dropped by more than 75%. Additionally, BNB Smart Chain fees have been on a downward trend, dropping from $1.5 million in April to $372,000.
6. Crypto All Stars (STARS)
The stars of cryptography introduces a unified staking platform for meme coin holders, allowing them to earn passive rewards. To access the platform, users must hold the $STARS token, which brings utility to the token, a feature often missing from many meme coins. Additionally, the more $STARS tokens a holder owns, the higher the rewards they can earn.
The platform supports staking of popular meme tokens such as Dogecoin, Shiba Inu, Pepe, Floki, and Bonk and plans to add more coins as the industry evolves. This flexibility allows Crypto All Stars to attract meme coin enthusiasts and create long-term demand for the $STARS token.
Presale investors are also eligible to stake their $STARS tokens, which are currently offering a high annual percentage yield (APY) of 1,212%. However, as more participants join, the APY is expected to decrease. So far, the presale has raised $1.2 million, with the current price sitting at $0.0014362. As the presale progresses, prices are expected to increase, with the next hike expected in two days.
The platform aims to attract meme currency investors by providing them with a way to explore profit opportunities across various projects. To enhance its credibility, The stars of cryptography has undergone audits by two independent firms, SolidProof and Coinsult, assuring potential investors of its safety.
The platform’s visibility has also been boosted by the support of influencers. Among them, YouTuber Jacob Bury and crypto analyst ClayBro, who have encouraged the Shiba Inu community to engage with the platform.
Visit the Crypto All Stars Presale
Learn more
Most Wanted Cryptocurrency Launch – Pepe Unchained
- Level 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Staking Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ending Soon
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