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At the time of writing, the cryptocurrency market remains in decline, with Bitcoin falling below $56,000 due to negative sentiment. Jupiter’s announcement to cut borrowing rates for BTC, SOL, and ETH could encourage more activity in the market and increase inflows. This move could also affect other platforms within the ecosystem. Investors are optimistic and are actively looking Top Cryptocurrencies to Invest inexpecting a potential market rebound following Jupiter’s latest move.
Top Cryptocurrencies to Invest in Now
Meme Games has seen steady growth since the start of its pre-sale, raising over $419,000 through its initial coin offering (ICO), with each token valued at $0.0094. Meanwhile, the Sui token is catching the market’s attention, currently trading at $0.8232, after increasing in value by 4.45% today. Similarly, the JUP token, valued at $0.7297, has seen a modest 1.62% increase in the last 24 hours.
1. Meme Games (MGMES)
Meme games has seen steady growth since the start of its presale. The initiative incorporates a gaming element into its presale. It raised over $419,000 during its ICO, with each token valued at $0.0094.
Inspired by the current sporting events in Paris, The Meme Games offers investors the chance to experience a blockchain-based sports competition. In addition to early investment opportunities, the project allows pre-sale participants to back “meme athletes” in a virtual 169-meter race. Investors who back the winning athlete get a 25% bonus on their investment, adding a competitive twist to the process.
The total supply of MGMES tokens is capped at 2.024 billion, with 38% reserved for pre-sale investors. This ensures that a significant portion of the tokens are available before they hit the public market.
Investors can purchase tokens directly from the project’s website using Ethereum or BNB Chain wallets. Additionally, The Meme Games offers a staking option with an annual yield of 459%, allowing participants to increase their token holdings before the September 10 listing on exchanges.
Time is running out! ⏳ Only 3 days left until the Meme Games pre-sale ends!
Choose your meme champion and get a 25% bonus if he wins before the #Presale close! 🔐
Hurry up, the clock stops on September 8th at 10:00 UTC! 🔥
Join us now! 👉 pic.twitter.com/qji1kKwmpr
— Meme Games (@MemeGames2024) September 5, 2024
The pre-sale is set to end on September 8, in conjunction with the Paralympic Games Closing Ceremony, which could influence the token’s value as it transitions to the open market. With unique features and staking incentives, MGMES has caught the attention of the blockchain community, setting the stage for its official market debut.
Visit the Meme Games pre-sale
2. Injective (INJ)
Injective has introduced a new tokenized index for BlackRock’s BUIDL fund, allowing users to track the fund’s offerings via a perpetual market, which the company says is the first of its kind. The index provides an alternative method to access the BUIDL fund, which was previously limited to institutional investors with a minimum investment of $5 million. Now, users can participate with as little as $1.
The BUIDL fund, BlackRock’s first tokenized offering on a public blockchain, provides exposure to U.S. Treasuries, cash, and repurchase agreements. This allows investors to earn yield while holding tokenized assets on the blockchain.
Despite ongoing market challenges, the fund has seen steady performance, amassing over $500 million in assets under management, making it the largest tokenized fund to date. Following the announcement, Injective’s token, INJ, saw a 8.84% increase in value, reaching $17.13.
Today, Injective launched the first-ever BUIDL index tracking BlackRock’s size $BUIDL Funds.
The BUIDL Index brings the world’s first perpetual market to BlackRock’s BUIDL Fund, allowing anyone to gain 24/7 exposure to tokenized assets such as US Treasuries with…
— Injective 🥷 (@injective) September 4, 2024
INJ price briefly peaked at $17.58 before dropping to $15.30 due to selling pressure from large holders. Additionally, INJ currently ranks as the 45th largest cryptocurrency by market cap, with a value of approximately $1.6 billion.
Furthermore, it is trading well above its 200-day simple moving average (SMA) of $11.02. The performance of the Injective token reflects strong market liquidity, although recent whale selloffs may signal further price fluctuations. Nonetheless, the introduction of the BUIDL index opens up new opportunities for retail investors to participate in a previously exclusive market.
3. Follow (SUI)
The recent innovation of the Sui blockchain allows users to make transactions without an internet connection, which is a significant advancement in the field of cryptocurrencies. This technology meets a crucial need, especially for regions frequently affected by internet disruptions, such as those prone to natural disasters or with limited access to stable connections.
By allowing users to process transactions offline, Sui aims to provide a more resilient financial solution for these areas. In addition to its potential impact on underserved communities, Sui’s internet-free transactions could have implications for the Internet of Things (IoT).
With IoT devices being essential to DePIN projects, this technology could facilitate smoother integration and usage of these devices in decentralized systems. At the same time, the launch of this technology has sparked increased interest in Sui’s token.
Sui Mainnet is about to get a little… random 🎲 🤪
With use cases ranging from gambling to random sampling and probabilistic NFT traits, we can’t wait to see what you build with the new secure and stable on-chain randomness feature, now available on Mainnet! pic.twitter.com/ekNDmuZbVs
— Sui (@SuiNetwork) September 2, 2024
The Sui token seems to be attracting attention in the market. It is currently trading at $0.8232, with an intraday gain of 4.45%. It is also trading above its 200-day simple moving average and is performing well compared to its initial sale price of the token.
While it is still too early to determine the long-term success of this innovation, the potential for broader adoption and increased developer activity suggest that Sui’s technology could lead to further growth. Sui’s developments may present an option worth considering for investors seeking the Top Cryptocurrencies to Invest in Now.
4. Shiba Inu (SHIB)
The introduction of the ShibDev portal by SHIB marks a strategic milestone for the Shiba Inu ecosystem, particularly by enabling developers to build on Shibarium. LucieSHIB, the protocol’s marketing manager, revealed that this portal provides essential tools to facilitate the development of dApps.
The ShibDev portal is expected to play a significant role in Shibarium’s continued growth. While Shiba Inu began as a meme currency, recent innovations to the platform indicate a broader focus on development and scalability. The portal was designed to meet the needs of the growing community and could help the protocol compete more effectively with Ethereum L2 solutions.
This development could also add value to the SHIB token over time. Meanwhile, data from IntoTheBlock shows a notable increase in whale activity, with a significant 282.8% increase in large SHIB transactions over the past 24 hours. This increase represents a total of 1.97 trillion SHIB, reflecting a change in investor behavior.
At press time, the SHIB token is trading at $0.00001324, showing a modest 0.95% increase in intraday activity. These developments suggest that Shiba Inu is making tangible progress, including expanding its ecosystem and attracting larger investors.
5. Jupiter (JUP)
Jupiter is a decentralized exchange (DEX) aggregator within the Solana ecosystem that offers users efficient token swaps with minimal slippage and low transaction fees. The platform helps users find the best routes for direct swaps across multiple exchanges and liquidity pools, solidifying its position as a key liquidity solution provider in Solana’s DeFi space.
In addition to its swap aggregator engine, the platform is expanding its suite of decentralized finance (DeFi) services. These include limit orders, dollar-cost averaging (DCA), and a bridge comparison tool.
This extension aims to allow users to schedule swaps at specific prices, automate trades at regular intervals, and compare bridge routes for optimal trades. The JUP token, currently priced at $0.7297, has seen a modest increase of 1.62% in the last 24 hours.
Additionally, the token is trading above its 200-day simple moving average and displays strong liquidity based on its market cap. Meanwhile, the 14-day Relative Strength Index (RSI) is at 53.35, suggesting that the token is in neutral territory and could soon see some sideways trading.
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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