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Altcoins like Bittensor and Sei have surged over 60% in the past week, while ONDO has gained over 4%. This outperformance versus Bitcoin could signal the start of an “altcoin season.” The altcoin market cap has rebounded strongly since hitting a low in August, with expectations of a 74% increase.
Other altcoins, such as Sui and Axelar, also saw strong gains, increasing by 45.6% and 14.34%, respectively. The renewed interest in altcoins follows the recent stabilization of Bitcoin. As a result, investors are exploring the The Best Cryptocurrencies to Invest in Right Now to diversify their portfolios in a context of changing market conditions.
The Best Cryptocurrencies to Invest in Right Now
Catizen recently revealed its partnership with Alchemy Pay, simplifying the process for users to purchase CATI using over 50 fiat currencies. Axelar is also gaining traction due to its focus on secure cross-chain communication for Web3. Meanwhile, Crypto All Stars raised over $1.5 million in its initial coin offering (ICO), sparking interest with its staking rewards program.
1. Catizen (CATI)
Catizen is a play-to-earn game on Telegram where users take on the role of mayors of a virtual city inhabited by cats. Players earn rewards in CATI, the platform’s native token. Recently, Catizen announced an integration with Alchemy Pay, making it easier for users to purchase CATI using over 50 fiat currencies.
This partnership allows users to purchase CATI through common payment methods such as credit cards and bank transfers, simplifying the process for new cryptocurrency users. The collaboration with Alchemy Pay helps bridge the gap between traditional currency and cryptocurrency, allowing users to interact with CATI without the need for prior cryptocurrency experience. Alchemy Pay’s goal is to make cryptocurrency more accessible, and this integration supports that by making it easier to purchase CATI directly.
Catizen has become one of the most successful Blockchain games in the world 😻
This revolutionary gaming bot on Telegram integrates seamlessly with multiple blockchains including TON and Mantle Network, redefining Web 3.0 experiences with mobile payments in… pic.twitter.com/pwjN3DRGYM
— Catizen (@CatizenAI) September 25, 2024
Since its launch on September 20, Catizen has gained a market cap of $241 million. Initially, the token was trading at $0.82 but has since dropped to $0.7725, a decrease of 3.36%. Additionally, market data shows support at $0.73, suggesting recovery potential. CATI is currently trading above the 50-day simple moving average (SMA), indicating continued interest from buyers.
Additionally, the Relative Strength Index (RSI) is hovering around 50, suggesting a possible shift in market sentiment, with buyers potentially pushing the price higher. While CATI has seen some price volatility, the integration with Alchemy Pay has made it more accessible, which could attract more users and investors. Technical indicators suggest that the market could recover, especially as the platform grows.
2. Sei (SEI)
Sei is a layer-1 blockchain designed specifically for decentralized exchanges (DEX). It focuses on improving the efficiency and performance of DEX platforms, giving them a potential advantage in the market. The project aims to meet the growing demand for decentralized trading and emphasizes sustainability by striving to achieve carbon neutrality.
Recently, the SEI token has seen a strong price increase, pushing its market cap above $1.6 billion. SEI is trading at $0.46, up 24% in the last 24 hours, peaking above $0.47 earlier. This increase is driven by new partnerships, community initiatives, and steady growth in total value locked (TVL) and daily active users.
On September 24, Sei announced the addition of yield-generating liquid staking tokens (LSTs) like Seiyan ETH and Super Seiyan ETH, further expanding its ecosystem. These updates have contributed to bullish sentiment around the token, with the Fear & Greed Index at 59 (Greed).
Seiyan ETH and Super Seiyan ETH, the new yield-generating LSTs @nucleusearn And @dinero_xyzare relentlessly making their way through Sei’s ecosystem.
With a new integration with @jlyvrsnew incentives are online.
Now is the time to get involved – details below👇 pic.twitter.com/NOM0JnL2hc
— Sei 🔴💨 (@SeiNetwork) September 24, 2024
At the same time, Sei’s circulating supply is 3.52 billion SEI out of a total maximum supply of 10 billion. Over the past year, its supply has increased by 95.83%, with 1.72 billion SEI newly created. Sei ranks 11th among Proof-of-Stake coins and 30th among Layer 1 blockchains by market capitalization.
The SEI price has increased by 293% over the past year, outperforming 80% of the top 100 crypto assets and even outperforming Bitcoin and Ethereum. With high liquidity and current bullish market sentiment, SEI could continue its upward trend in the coming months.
3. Axelar (AXL)
Axelar is gaining increasing attention in the cryptocurrency market due to its focus on secure cross-chain communication within Web3. The platform provides a decentralized network and tools to simplify cross-chain operations for decentralized application (dApp) developers. A key aspect of Axelar’s approach is its use of Proof-of-Stake (PoS) consensus, which sets it apart from other protocols that rely on optimistic models or federated multi-signatures.
The protocol enables cross-chain transfers of multiple native tokens via their wrapped ERC-20 versions, supporting assets such as AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon). This improves its usability across different blockchain ecosystems.
Furthermore, Axelar’s token is showing promising signs of growth. Currently, its daily chart reflects a 1.13% increase, with the token trading at $0.597. Over the past week, it has increased by 14.68%. It is also trading 7.99% above its 200-day simple moving average (SMA), indicating positive momentum.
While the price forecast sentiment remains neutral, the Fear and Greed Index shows a value of 59, reflecting greed. At the same time, Axelar enjoys high liquidity based on its market capitalization. Given the growing interest in digital assets, Axelar’s steady growth trend may continue.
4. Ondo (ONDO)
Ondo Finance is gaining more and more attention by combining traditional finance with blockchain technology. Its goal is to tokenize real-world assets, making high-quality financial products more accessible. This approach helps expand the use of blockchain while strengthening the financial system as a whole.
Additionally, Ondo partners with renowned firms like BlackRock and uses Coinbase for asset custody, ensuring that investors’ funds are protected. Their USDY product offers the stability of a stablecoin combined with yields backed by US Treasuries. Ondo also targets non-US investors with regulated financial options, which could increase interest as the altcoin market recovers.
Currently, the token is showing resilience, trading at $0.7946, with an intraday gain of 5.30%. Additionally, market sentiment is positive, with the Fear and Greed Index reading 59 (Greed). Over the past 30 days, the token has seen 15 green days, or about 50% of the time, suggesting a steady upward movement.
Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing bullishness, suggesting that the token’s momentum is building. Ondo has high liquidity and the trading volume in the spot market is increasing. Considering these factors, Ondo is likely to continue rising, with the next key level being the 50% retracement point at $0.8392.
5. Crypto All Stars (STARS)
The stars of cryptography Crypto All Stars recently raised over $1.5 million in its initial coin offering (ICO), drawing attention to its staking rewards system. The project offers an annual staking reward of 928%, which is high compared to many other staking options. The team behind Crypto All Stars plans to integrate a staking protocol specifically for popular meme coins, which could appeal to a wide audience in the meme coin community.
One of the key developments of Crypto All Stars is the MemeVault, a platform designed to allow users to stake their meme coin portfolios. By doing so, holders can generate passive income through staking rewards. This feature aims to provide utility to meme coins, which are particularly useful in a slow market when price appreciation is limited. The concept targets meme coin enthusiasts looking to leverage their assets beyond traditional market speculation.
During its pre-sale phase, the STARS token reached a price of $0.0014652. The token’s price will increase as the project prepares for its upcoming funding rounds. The platform plans to unify staking for meme coins, including well-known tokens such as BONK, Dogecoin, and Shiba Inu.
Users can stake these tokens in a pool and earn rewards paid in STARS. The system also provides an incentive to hold more STARSas larger stakes can potentially lead to higher rewards, with the potential to triple returns. This may appeal to long-term investors who prioritize yield generation.
Visit the Crypto All-Stars Presale
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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