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Bitcoin soared to $65,747 at press time, hitting a two-month high and taking the broader altcoin market with it. With this momentum, many market participants are now eyeing the $70,000 level as the next target for Bitcoin. As a result, the altcoin market saw widespread gains, with many tokens showing positive trends on their price charts.
Investors are now looking for cryptocurrencies with high growth potential, seeking to capitalize on these market developments. This analysis will focus on the identification of best cryptocurrencies to invest in right now which could offer strong investment opportunities based on current trends and market behavior.
Best Cryptocurrencies to Invest in Right Now
XRP is currently priced at $0.6274, reflecting a rise of 2.29% over the past 24 hours and 6.12% over the past week. These upward moves have prompted some analysts to adopt a more optimistic outlook for the token. Meanwhile, the VeChain mainnet has seen a significant increase in activity, having processed over 1.4 million clauses so far. Additionally, Polkadot has shown consistent growth in its market performance.
1. XRP (XRP)
XRP has shown resilience in the face of challenging market conditions, even as Ripple continues to sell significant amounts of XRP from its treasury. In September, Ripple sold 350 million XRP, a significant number that initially sparked a brief negative reaction in the market. However, the asset has since shown signs of recovery, sparking talk of a possible breakout.
Currently, the price of XRP is $0.6274, representing an increase of 2.29% over the past 24 hours and a gain of 6.12% over the week. These upward trends have led some analysts to adopt a positive outlook for XRP. Predictions of an impending “altcoin season” further strengthen the possibility of gains for XRP.
Although some experts maintain a bullish stance based on recent price movements and technical signals, it is important to recognize the risks inherent in the crypto market due to its volatility. XRP is up 21% over the past year and is currently trading above the 200-day simple moving average, which is often considered a positive technical indicator.
Additionally, XRP has experienced 17 green days in the last 30 days, accounting for 57% of the month. Its high liquidity, relative to its market capitalization, further supports its market stability. As XRP continues to trade in a relatively stable price range, investors are watching for potential breakout signals.
2. Pepe Unleashed (PEPU)
Pepe unleashed has attracted attention in the crypto space by raising over $16 million during its pre-sale phase. The project aims to provide faster and more affordable transactions, particularly targeting meme coin traders who value speed and profitability. The decentralized structure and growth potential of the project have contributed to its appeal to investors.
The platform aims to build a strong and engaged community. The development team plans to support developers from the start, with the goal of launching a well-established ecosystem by the official launch. This could help position the project for long-term growth.
The main objective of the project is to simplify trading by minimizing transaction costs and delays. This approach appeals to even coin traders looking for faster and more profitable solutions. Pepe Unchained’s developer grant initiative, known as “Pepe Frens with Benefits”, further highlights its commitment to fostering the growth of its ecosystem.
Boom! $16 million raised!
Pepe Unchained continues to break records, and we’re not slowing down! 🌊 pic.twitter.com/Qtkw0w0n85
– Pepe Unchained (@pepe_unchained) September 28, 2024
This program encourages developers to create decentralized applications (dApps), NFT projects and DeFi tools on the network. Pepe unleashed‘s layer 2 solution promises faster transaction speeds and lower fees than Ethereum, which could attract a wider range of meme coin traders. If successful, this infrastructure could drive further adoption and increase the value of the token as the project matures.
Visit the Pepe Unchained presale
3. Polka dot (POINT)
Polkadot has shown consistent growth in its market performance. Over the past month, the token has appreciated by 14.68%, with a notable increase of 10.19% in the last week alone. This upward trend is supported by various technical indicators, suggesting continued growth potential.
Compared to its token sale price, Polkadot has performed positively, with 17 of the last 30 days marked as “green” days, meaning the closing price is higher than it opened. Its liquidity is considered high, reflecting its market capitalization and its ability to handle large transactions without significant price fluctuations.
Recently, Polkadot announced a major update called Agile Coretime as part of its Polkadot 2.0 upgrade. This development, shared via an article on X, focuses on improving the way network resources are managed. The new system replaces the previous auction-based model, which used two-year leases to allocate block space to parachains.
Mark the end of an era and the start of a new project on Polkadot ✔︎
ICYMI- @KylixFinance has secured the last parachain slot before the launch of Coretime and is poised to unlock a new wave of DeFi applications.
See for yourself 👇
– Polka Dot (@Polkadot) September 26, 2024
Agile Coretime introduces “cores,” virtual units that help manage transactions and execute smart contracts on parachains. This change aims to streamline the distribution of resources within the Polkadot ecosystem, thereby simplifying the process for developers.
The upgrade has the potential to increase developer interest and wider adoption of the platform. Polkadot’s consistent market performance and network upgrades position it among the best cryptocurrencies to invest in right now.
4. VeChain (EFP)
The VeChain mainnet has recently seen a notable increase in activity, processing over 1.4 million clauses to date. This push highlights the platform’s growing role in the blockchain ecosystem. Increased network activity often indicates broader adoption, which suggests that VeChain’s technology is being used in more real-world applications.
This trend aligns with the company’s long-term goals of promoting blockchain technology across all industries. Additionally, VeChain has been recognized as a key player in the European blockchain-powered Internet of Things (IoT) market. Its blockchain technology is integrated into various industries, including supply chain management, healthcare, and the automotive industry.
In terms of market performance, VET is currently trading at $0.02548, showing an intraday decline of 2.02%. However, it posted weekly gains of 8.87%, reflecting some short-term volatility but overall positive momentum.
Come build the future of Web3 with us!
VeChain has launched a grant program to fuel your innovative projects, and we are here to help developers create real-world solutions.
Our goal? Strengthen “X-2-Earn” ecosystems that have a positive impact.
With the VeChain grant… pic.twitter.com/1R2S3iuvZ9
– VeChain (@vechainofficial) September 27, 2024
Additionally, the token launched a grant program aimed at fostering innovation within its ecosystem. This program aims to help developers create practical blockchain-based solutions. The initiative provides funding (both financial and DAO-related), access to mentoring from industry experts, and technology resources.
Additionally, developers benefit from community support and marketing opportunities. The grant program particularly focuses on the development of “X-2-Earn” ecosystems, where participants are rewarded for contributing to activities that create positive impacts.
5. BNB (BNB)
BNB has grown in popularity and value since its launch, largely due to increased investor interest. This was especially noticeable in early 2021, when the coin’s price rose sharply, attracting the attention of institutional investors.
As part of its broader mission, BNB Chain aims to onboard the next billion users and bridge the gap between Web2 and Web3. One of its main focuses is on stablecoins, which are digital currencies designed to maintain a stable value. BNB Chain is implementing several initiatives to encourage the use of stablecoins, including the Total Value Locked (TVL) incentive program and deeper integration of stablecoins into its decentralized finance (DeFi) ecosystem.
Gasless stablecoins on BNB Chain are here! 🤩
Share your 0️⃣ gas fee experience as a screenshot for a chance to win a game of 1 $BNB! 💰
The 5 submissions with the highest engagement (likes + RTs + comments + views) will win!How to participate? 🤔
🔸Take a screenshot of your… pic.twitter.com/Pg5prxNxO7– BNB Channel (@BNBCHAIN) September 25, 2024
The chain also launched a gas-free campaign to reduce transaction costs. To make stablecoins more practical for everyday use, BNB Chain is partnering with payment gateways. This integration aims to make stablecoins usable in real-world transactions, bridging the gap between digital and traditional financial systems.
BNB Chain believes that stablecoins are essential to drive mass adoption and make cryptocurrency as accessible as conventional currency. The BNB token is currently trading at $597.15 with market sentiment being bullish. The Fear & Greed Index is at 63, indicating investor optimism.
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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