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Bitcoin recently hit a new all-time high of $89,000, sparking a positive move on several major altcoins. Altcoins tend to follow Bitcoin’s price trends, so other digital assets often experience similar price movements when Bitcoin reaches new highs.
Several altcoins have demonstrated strong stability, attracting the attention of investors. These cryptocurrencies are showing resilience following increased market activity. This review highlights some of the best cryptocurrencies to invest in right now.
Best Cryptocurrencies to Invest in Right Now
BNB Chain has partnered with Google Cloud to offer $10 million in cloud credits, supporting innovative projects in its Most Valuable Builder (MVB) accelerator program. Meanwhile, ZetaChain has partnered with Google Cloud to develop “universal applications” that run across multiple blockchain networks. Additionally, Crypto All Stars recently secured $3.5 million in funding, demonstrating its global appeal and generating significant investor interest.
1. Flow (FLOW)
Flow (FLOW) is a proof-of-stake blockchain designed to support large-scale decentralized applications, non-fungible tokens (NFTs), decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and more. It aims to become a foundational platform for Web3 and the open metaverse, providing a flexible environment for developers to create various digital services.
The architecture includes wallet-less account integration and linking features, making it easier to navigate for developers and users. Flow’s native account abstraction and “smart accounts” improve security and usability, with the goal of improving the overall user experience while maintaining transaction efficiency.
Flow is designed from the ground up for consumer applications, and it couldn’t be a better environment for @beezie_io.
Beezie aims to disrupt the collectibles market, improving almost every aspect of physical collectibles.
I’m just getting started 👀
– Flow (🎁+🔑) (@flow_blockchain) November 11, 2024
Over the past month, Flow has seen 15 days of positive price movement, suggesting a period of relative strength. With a 24-hour volume-to-market cap ratio of 0.1652, Flow displays high liquidity for its market size, indicating active trading and a reasonable level of access for buyers and sellers.
Current sentiment regarding Flow’s price prediction remains neutral, with no strong trend indicators pointing in one direction or the other. Nonetheless, the Fear & Greed Index reflects “extreme greed” at 84, which could signal high optimism. This elevated sentiment may lead to increased interest, but also suggests potential caution from investors if market sentiment changes.
2. BNB (BNB)
BNB Chain recently partnered with Google Cloud to offer $10 million in cloud credits, aimed at supporting innovative projects under its Most Valuable Builder (MVB) accelerator program. The partnership encourages continued innovation within the BNB ecosystem, particularly in the development of cloud and AI-based decentralized applications (dApps).
Currently, Binance Coin (BNB) is trading at $608.71, with a recent price drop of 5.74% over the past 24 hours. Nonetheless, the token gained 4.77% over the past week, reflecting positive momentum. Market sentiment around BNB remains bullish, with the Fear & Greed Index reporting an “Extreme Greed” score of 84, often indicating strong investor interest and increased market activity.
BNB is trading 10.96% above its 200-day simple moving average (SMA) of $548.18, which is a favorable sign relative to this long-term benchmark. Over the past 30 days, BNB has closed positive on 16 days. The token also features high liquidity, with a volume to market cap ratio of 0.0483, supported by a 24-hour trading volume of $4.33 billion against a market cap of $89.76 billion.
The 14-day relative strength index (RSI) for BNB currently stands at 62.95, indicating a neutral position with a likelihood of continued sideways trading in the near term. This metric suggests that BNB is neither overbought nor oversold, allowing for stable price action without strong directional pressure.
3. ZetaChain (ZETA)
ZetaChain recently announced a collaboration with Google Cloud to develop “universal applications” that run across multiple blockchain networks. The goal is to make Web3 technology more accessible and support applications running on different chains without requiring different configurations.
As part of this collaboration, Google Cloud joined ZetaChain as a validator, verifying transactions on the mainnet and testnet. Validators are essential to maintaining security and reliability, and Google Cloud’s role in this role helps strengthen ZetaChain’s network. By supporting ZetaChain, Google Cloud also contributes to the stability and scalability of the ecosystem, potentially attracting developers wanting to build on a multi-chain compatible blockchain.
ZetaChain collaborates with @googlecloud to support fully compatible universal apps that cover all channels!
Join Google Cloud’s Head of Web3 Strategy @RichJWidmann to discuss our partnership to develop the universal Blockchain: pic.twitter.com/R3k8glTrj1
– ZetaChain (@zetablockchain) November 12, 2024
Currently, ZetaChain is priced at $0.6901, reflecting a 13.24% increase over the past week. Sentiment around ZetaChain is neutral, but the Fear & Greed Index indicates extreme greed with a reading of 84, signaling high market interest.
Furthermore, its 24-hour trading volume relative to its market capitalization is high at 1.6630, which shows active trading and liquidity that can support market stability. Market predictions suggest that ZetaChain price may continue to rise, with an estimated increase of 220.28% over the next month to around $2.34.
4. Crypto All Stars (STAR)
Crypto all stars has recently attracted notable attention, mainly due to considerable interest from early investors. Favorable market developments appear to have created a more welcoming environment for this presale, thus contributing to its rapid growth. This momentum demonstrates growing investor confidence in new cryptocurrency projects as potential long-term investments, particularly as the crypto market grows.
Recently, Crypto All Stars reached a $3.5 million funding milestone, highlighting its global appeal and widespread investor interest. These funds will be dedicated to the development of the platform, providing a financial foundation to support growth and operational stability.
As of the last update, STARS tokens are priced at $0.0015618, providing a relatively low entry point for potential early investors. Additionally, Crypto All Stars emphasizes utility, positioning itself as a convenient option in the coin industry. Through its staking platform, the project incentivizes users to hold larger securities. STARS balances by offering higher rewards to those with higher stakes, thereby encouraging greater accumulation of tokens.
The staking protocol offers an annual percentage yield (APY) of 463%, and with over 1.5 billion tokens already staked, its MemeVault feature appears to be generating considerable interest. This level of commitment reflects strong interest from investors eager to strengthen their positions before the official launch of the project.
Visit the Crypto All Stars Presale
5. Jupiter (JUP)
Jupiter is designed to provide key liquidity support through its swaps aggregation engine. This engine helps users efficiently trade tokens by pooling liquidity from various sources, making Jupiter an important part of Solana’s decentralized finance.
Currently, JUP’s price is $1.114797, with a large daily trading volume of $450.93 million and a market cap of $1.50 billion, which represents approximately 0.05% of the total market of cryptography. The price fell by 4.64% in the last 24 hours, but posted a gain of 10.27% in the last seven days and an increase of 34.77% in the last month.
The coin’s technical performance suggests positive market sentiment. Jupiter’s current trading level is significantly above its 200-day simple moving average, trading approximately 33,431.36% above this marker, where the 200-day SMA is positioned at $0.003332.
This indicates strong long-term support, with 57% of last month’s trading days closing positively. The Fear & Greed Index reflects this optimism, currently registering at 84, indicating “extreme greed” among market participants.
Jupiter’s 24-hour volume-to-market cap ratio of 0.3028 highlights relatively high liquidity, suggesting trades can be executed with limited price slippage. The availability of Jupiter on major exchanges like Binance further increases its accessibility and trading volume.
Learn more
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