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The cryptocurrency market is rebounding after a global decline that led to significant losses. Bitcoin hit $59,000, marking an intraday gain of 2.74%. The digital asset has fluctuated between $58,000 and $60,000 over the past day. Along with BTC’s recovery, several altcoins such as Zilliqa, Injective, and Gnosis are also showing positive trends. This overall upward trend has increased investor interest in the market. As the market stabilizes and grows, many are looking for the The Best Cryptocurrencies to Invest in Right Now to seize potential opportunities.
The Best Cryptocurrencies to Invest in Right Now
Nervos Network’s native token, CKB, has recently gained attention after being listed on Upbit, a major cryptocurrency exchange in South Korea. Meanwhile, INJ is trading at $19.49, marking a gain of 4.66% over the past day. Gnosis has also seen positive movement, with its price currently sitting at $153.73, up 2.58% over the past 24 hours.
1. Nervos Network (CKB)
Nervos Network’s native token, CKB, recently gained attention after its listing on Upbit, a major South Korean cryptocurrency exchange. The listing was accompanied by a significant 18% increase in CKB’s value, increasing its market cap and trading volume.
The listing, which allows trading to begin on September 13, opens the token to a wider audience. Traders can now purchase CKB using US dollars, South Korean won, or Tether (USDT), which could increase demand for the token.
Currently, Nervos Network’s CKB is trading at $0.0139, an increase of 3.98%. The token’s trading volume has surged by 93.05%, reaching $675 million, with a market cap of $624 million. This ranks CKB as the 96th largest cryptocurrency on CoinMarketCap.
From a market sentiment perspective, CKB is in a bullish phase. The Fear and Greed Index currently stands at 50, indicating a neutral stance among traders. Technical analysis highlights that CKB has an overbought Relative Strength Index (RSI) of 89.84, which shows that buyers are pushing the token’s price higher. Additionally, CKB recently broke a resistance level at $0.01284 and is now in a retest phase, maintaining its price around $0.01379.
Over the past year, Nervos Network has seen substantial growth, with the price of CKB increasing by 413%. This performance has outperformed 89% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Despite its current momentum, breaking its all-time high of $0.043906 may require sustained market interest and further developments in the network.
2. Zilliqa (ZIL)
Zilliqa is a permissionless public blockchain that aims to provide high transaction throughput. It can handle thousands of transactions per second, addressing the common challenge of blockchain scalability. The platform supports various dApps and introduced staking and yield farming in October 2020.
Recently, Zilliqa announced the launch of the Jasper proto-testnet, a major step towards its upgrade to Zilliqa 2.0. This testnet introduces a change from the original Proof-of-Work (PoW) consensus model to Proof-of-Stake (PoS), a more energy-efficient method of securing the network.
The PoS model allows developers and validators to run validator nodes, earn rewards, and contribute to the security of the network. This change reflects the platform’s broader goals of improving sustainability and security while maintaining high performance.
The Jasper proto-testnet for Zilliqa 2.0 is now officially live! 🚀
This marks the first step in our #Zilliqa Roadmap 2.0, introducing a new Proof-of-Stake consensus mechanism that offers ultra-fast transactions and attractive rewards for validators.
Whether you are a… pic.twitter.com/HqlyBLN59c
— Zilliqa (@zilliqa) September 12, 2024
Additionally, the Jasper proto-testnet also introduces new features to improve user and developer engagement. By involving the community in testing and validating the new system, Zilliqa encourages active participation in the transition to Zilliqa 2.0. The rewards system is expected to attract more validators, thereby strengthening the network’s security and participation in the upcoming upgrade.
Meanwhile, ZIL price recently increased by 1.21%, reaching $0.01367. The 14-day Relative Strength Index (RSI) of 57.93 suggests that the asset is currently neutral, with no immediate signs of overbought or oversold conditions. Additionally, it enjoys high liquidity, which ensures ease of trading due to its large market capitalization.
3. Injective (INJ)
Injective (INJ) is a blockchain built specifically for finance. It operates as an open and interoperable layer-1 network, enabling decentralized finance (DeFi) applications such as spot and derivatives exchanges, prediction markets, lending protocols, and other decentralized tools.
One of its major achievements is its growth in the tokenization of real-world assets (RWA). This has positioned Injective as a significant player in the attempt to bring traditional finance (TradFi) closer to decentralized networks. By embracing tokenization, Injective has strengthened its role in the continued convergence of the two financial worlds.
Currently, INJ is trading at $19.49, which reflects a 4.66% increase over the past day. The price is trading above the 200-day simple moving average, which suggests a positive trend.
1/3 Injective is now one of the largest blockchains in history for tokenized RWA.
Establishing itself as a leader in tokenization is just one of many efforts that have positioned Injective at the forefront of TradFi’s convergence with decentralized networks. pic.twitter.com/bNOISEdaK5
— Injective 🥷 (@injective) September 11, 2024
It’s worth noting that INJ has performed well relative to its token sale price, with 15 of the last 30 days showing gains, or 50% of the time. High liquidity also supports its strength in the market. A few factors contribute to Injective’s appeal to traders and developers.
These include zero gas fees, fast transaction speeds, and cross-chain compatibility. Compared to Ethereum, these features make Injective an attractive option, especially as demand for efficient DeFi solutions increases. As adoption increases, the potential for price appreciation could continue throughout the rest of the year, making it the The Best Cryptocurrencies to Invest in Right Now.
4. Memebet Token (MEMEBET)
THE Memebet Token The presale has gained popularity, raising over $224,000 at the time of writing. The token forms the core of a new betting platform integrated into Telegram, offering a unique system where users can place bets using popular meme coins. This approach fuses the appeal of traditional sports betting with the emerging culture around meme cryptocurrencies.
Operating directly within the Telegram app, Memebet’s Web3 casino targets a mix of coin investors, Telegram trading bot users, and gambling enthusiasts. Players can deposit and withdraw funds using coins like Pepe, dogwifhat, Shiba Inu, and Bonk. Blockchain technology ensures instant processing of transactions, eliminating the typical delays associated with traditional banking systems.
The platform only requires a crypto wallet to participate, avoiding the need for KYC verification or account creation. This setup provides users with a more private betting experience. Memebet Casino also offers a variety of games including keno, video poker, blackjack, roulette, and slots, catering to a wide range of gaming preferences.
Currently priced at $0.0251, MEMEBET tokens are offering early investors immediate access to their tokens. The platform is getting closer to its next funding round, with two days left for potential investors to join before the price increases.
We didn’t talk much, just some wild laughter and muttered curses.
Winners or losers, it didn’t matter.
We had all been chewed up and spat out by the same beast, and somehow we knew we would come back for more.
Join the presale 👇 pic.twitter.com/rvjusg43GE
— MemeBet (@Memebetcasino) September 14, 2024
Additionally, Memebet also offers incentives through airdrops, with 400 million MEMEBET tokens available to users who bet using the token. These airdrops mainly benefit high rollers, although regular players will also receive rewards in subsequent rounds.
Visit the Memebet pre-sale
5. Gnosis (GNO)
Gnosis is transforming payment systems to make decentralized financial tools more accessible and user-friendly. At the heart of this project is Gnosis Chain, a layer-1 Ethereum Virtual Machine (EVM) network designed to be secure, resilient, and decentralized. This network supports various projects that make up the broader Gnosis ecosystem.
The platform uses its native token, GNO, which has several functions. GNO is the staking token of Gnosis Chain, the governance token of GnosisDAO, and an index token for the Gnosis ecosystem. This makes it a central part of the platform’s operations and decision-making processes.
During recent market activity, Gnosis has shown positive movement. Its current price is $153.73, which reflects a 2.58% increase in the last 24 hours. Over the past week, the price has increased by 6.65% and is up 54% over the past year. The token is also performing well above its 200-day simple moving average, with 15 positive trading days in the last 30 days.
Additionally, Gnosis is expected to increase in price by 4.29%, potentially reaching $160.44 by October. A recent strategic collaboration with Orochi Network aims to improve the platform’s scalability. This partnership will bring new tools, including Orocle and Orand, to the Gnosis ecosystem, which are expected to improve data reliability, speed, and security.
Learn more
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- 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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