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The cryptocurrency market is growing and “Uptober” is proving true to its reputation with constant increases. Current net inflows resemble those seen during February’s surge, suggesting another big move could be on the horizon.
Last February, prices saw a sharp rise, and a similar trend could occur. As more capital flows into Bitcoin and altcoins, the market could be positioned for another breakout. According to experts, external conditions appear favorable and if this upward trend persists, Bitcoin could potentially reach $100,000, with altcoins likely to benefit from this momentum. In light of this, investors are looking for affordable tokens, especially the best altcoins to buy now.
5 Best Altcoins to Buy Now
Raydium, an automated market maker (AMM) and liquidity provider, operates on the Solana blockchain and supports Serum’s decentralized exchange (DEX). Meanwhile, Upbit, the largest cryptocurrency exchange in South Korea, has listed UNI for trading on its KRW and USDT markets.
TRON (TRX) is currently trading at $0.160246, showing an increase of 1.22% in the last 24 hours. Pepe Unchained ($PEPU) raised $21 million in its presale, as the meme coins collectively reach a market cap of $60 billion. In the political space, an eminent crypto political action The committee (PAC) is focusing on the hotly contested House races as the 2024 elections come to a close.
1. Raydium (RAY)
Raydium is an automated market maker (AMM) and liquidity provider developed on the Solana blockchain for the Serum decentralized exchange (DEX). What sets Raydium apart from traditional AMMs is its integration with a central limit order book.
This means that liquidity provided to Raydium is converted into limit orders, which are placed in Serum’s order books. As a result, Raydium liquidity providers have access to both Serum’s order flow and its liquidity pool.
EURC by @circle is available on Raydium!
Raydium launches liquidity with rewards on the pool below:
USDC-EURC level 0.01% – 7,600 $EURC & 1000 $RAY /week
– Raydium (@RaydiumProtocol) October 22, 2024
As of today, Raydium’s price stands at $2.69, reflecting an increase of 8.02% over the past 24 hours. Over the past year, the price has surged 1,393%, outperforming 94% of the top 100 crypto assets, as well as Bitcoin and Ethereum. Additionally, Raydium is trading above its 200-day simple moving average, with 17 of the last 30 days (57%) showing positive price action. Its liquidity is considered strong in relation to its market capitalization.
2. Uniswap (UNI)
Upbit, South Korea’s largest cryptocurrency exchange, announced the listing of UNI on its KRW and USDT markets. Trading is scheduled to begin on October 22 at 3:00 p.m. (UTC+8). UNI was already available to trade the UNI/BTC pair. Following this news, the token increased by 5.2%, reaching $8.31. Its fully diluted valuation (FDV) now stands at $8.31 billion.
Currently, Uniswap (UNI) is priced at $7.95, showing a gain of 4.41% in the last 24 hours. Over the past year, UNI’s price has increased by 87%, outperforming 52% of the top 100 crypto assets. It is also trading above its 200-day simple moving average, indicating a stable uptrend. Over the past 30 days, UNI has had 15 days where the price closed higher than it opened. This shows constant positive movement. Liquidity remains high relative to its market capitalization.
Looking ahead, forecasts predict that UNI price could increase by 132.39%. It could reach $18.96 by November 21, 2024. Current market sentiment is bullish with the Fear & Greed Index showing a score of 70 (Creed). Price volatility over the past month was 5.75%. Analysts suggest this could be a favorable time to buy Uniswap. However, it is important to closely monitor market conditions before making a decision.
3. Jupiter (JUP)
Jupiter, a DEX aggregator, announced the allocation of 50 million JUP tokens and 7.5 million CLOUD tokens for its next round of voting and active staking. The current claim window, open until December 31, covers rewards from previous community votes.
In addition to organic participation, the platform encourages incentivized activities, offering a variety of trading tools that can evolve into airdrop-related tasks.
JupiterDAO has existed since March, more than 7 months!
During this period we have seen many new Catdet voters and JUP participation grow.
It’s time to increase the quorum and ensure we continue to encourage strong activity among Catdets!
This vote also serves to allow new voters…
–Jupiter 🪐 (@JupiterExchange) October 22, 2024
Currently, Jupiter’s price stands at $0.987051, reflecting a 2.65% rise over the past 24 hours. It is trading above its 200-day simple moving average, with bullish market sentiment, and the Fear & Greed Index currently indicates a Greed Score of 70. Over 67% of the token’s supply has been released, with the project focused on maintaining price stability in order to avoid a possible downward trend.
4. TRON (TRX)
TRON (TRX) is currently priced at $0.160246, reflecting an increase of 1.22% over the past 24 hours. Over the past year, its value has increased by 76%, outperforming half of the top 100 cryptocurrencies. Trading above the 200-day simple moving average (SMA), TRON’s current price is 17.54% higher than the SMA value of $0.136391, indicating strong performance. Additionally, TRON enjoys high liquidity due to its market capitalization and remains above its initial token sale price.
Technical indicators suggest bullish sentiment, with the Fear & Greed Index showing a reading of 70 (Creed). Over the past 30 days, TRON has recorded green days on 47% of occasions, with a modest price volatility of 2.01%. These factors may suggest that now is a good time to consider purchasing TRX.
#TRON was proud to be present at @pton_blockchain3rd Annual Crypto TigerTrek as a Ruby Sponsor! @St3venTRON was able to speak to students about the skills needed to succeed and thrive in the crypto space. 💪
Full article from @Cointelegraph 👇 pic.twitter.com/wRDOKREkXm
– TRON DAO (@trondao) October 21, 2024
Looking ahead, the forecast for October 2024 indicates a potential reversal in market trends, with an expected price range between $0.127709 and $0.162226 and an average value of $0.14082. This represents a projected monthly decline of 6.97%, giving short-term buyers a potential return of 20.31%.
5. Pepe Unchained ($PEPU)
Pepe unleashed ($PEPU) raised $21 million during its presale, coinciding with meme coins collectively reaching a market value of $60 billion. After crossing the $20 million milestone, the coin attracted an additional $1.2 million in contributions over the past four days. Given this rapid progress, it seems possible that the project will soon reach the $22 million mark, especially as interest increased after developer grant requests for its upcoming Layer 2 chain were announced .
The broader cryptocurrency market has recovered from a slow start this month, and Pepe Unchained appears to be capitalizing on this positive trend to spur new fundraising. At the current stage, investors can purchase $PEPU tokens for $0.0115. Since the start of the presale, the token has increased in value by 40%, with another 3.75% increase expected in the next cycle.
Whale investors have shown notable interest in Pepe Unchained, with multiple purchases exceeding $50,000. For example, a whale recently traded $53,563 worth of Ethereum for 4.6 million PEPU tokens. These large acquisitions may demonstrate confidence among institutional investors, suggesting that the project is attracting “smart money.”
Pepe continues to BUILD!
$21 million raised. The momentum is increasing! 🐸🐸🐸 pic.twitter.com/3c8pvDEsvU
– Pepe Unchained (@pepe_unchained) October 20, 2024
The project has also gained momentum within the online community, with 51,100 users followed on X (formerly Twitter). For a token still in the pre-sale phase, this level of investor interest and community engagement portends potential future growth, particularly when it becomes accessible on exchanges.
Pepe Unchained The success of the presales is partly due to its recent announcement of developer grants for its upcoming layer 2 blockchain. The project has opened applications for these grants, which aim to attract developers with innovative ideas for the platform.
Visit the Pepe Unchained presale
Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
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