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    Best Cryptocurrencies to Invest in Right Now August 31 – Uniswap, Helium, ORDI

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    ORDI

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    Cryptocurrency analyst Michael van de Poppe recently discussed the possibility of a major breakout in the altcoin market. The analyst highlighted an emerging bullish pattern of a “higher bottom” formation. This pattern could signal a trend reversal in the altcoin market.

    He also suggested that the market structure indicates a potential bullish shift when viewed on a longer time frame. He expects this shift to become apparent by September. As such, traders are looking for the best altcoins to consider for investment, anticipating the bullish trend.

    Best Cryptocurrencies to Invest in Now

    Uniswap is the second largest protocol on the Polygon network, with a total value of $226 million. Meanwhile, Helium recorded an intraday price increase of 1.62%, bringing its value to $7.15. Additionally, SUN’s recent performance indicates a rise in market interest and optimism for DeFi applications. These developments put each asset between Best Cryptocurrencies to Invest in Now.

    1. Uniswap (UNI)

    Uniswap is a decentralized trading protocol known for enabling automated trading of DeFi tokens. It maintains an open platform for anyone holding tokens, with the goal of making trading more efficient compared to traditional exchanges.

    By addressing liquidity issues through automation, Uniswap effectively avoids the challenges that have previously hindered decentralized exchanges. Currently, Uniswap is the second-largest protocol on the Polygon network in terms of total value locked (TVL), with a volume of $226 million.

    Moreover, the coin has seen a significant increase in its total asset value, rising by 39.2% over the past month. Its market cap stands at $3.5 billion, reflecting strong market confidence and widespread adoption.

    In terms of performance, UNI token price is up 1.43% in the last 24 hours, trading above its 200-day simple moving average. It has also recorded 15 green days in the past 30 days. Similarly, UNI has strong liquidity compared to its market cap.

    The 14-day RSI is at 34.94, indicating a neutral stance, and the cryptocurrency is likely to trade sideways soon. Moreover, Coincodex analysis predicts that UNI token will reach $28.06 next year.

    2. The Sun (The Sun)

    SUN is a token developed as a social experiment to enhance the TRON DeFi ecosystem. As the Bitcoin equivalent on the TRON network, SUN takes a unique approach by abandoning traditional financing methods.

    The token mining process began in early September 2020, two weeks before its official launch. During this phase, participants can stake TRX or other TRC-20 tokens to earn rewards and governance rights associated with SUN. The project’s security model mirrors many Proof-of-Stake (PoS) tokens, relying on community consensus and financial incentives to secure the network.

    At the time of publishing, SUN price has seen a 5.17% drop in the last 24 hours, with a trading volume of $183 million. Despite this drop, the coin has seen a massive surge of over 240% in the past month. This upward movement began after TRON founder Justin Sun announced the launch of SunPump on August 13, which pushed SUN price to a peak of $0.043.

    Sun price chart

    In addition, SUN’s Relative Strength Index (RSI) has risen significantly, indicating that the bullish momentum in the price chart continues. The market sentiment around the token also appears positive, which boosts investors’ optimism.

    If SUN can sustain its price above the current support level at $0.02345, it could break the upper resistance level at $0.0340. However, if the trend reverses, the token could test the lower support level at $0.0180.

    SUN’s recent performance reflects the market’s growing interest and enthusiasm for DeFi applications. With its cutting-edge focus and new use cases, SUN could be well-positioned for further development and growth, making it Best Cryptocurrencies to Invest in Now.

    3. SHIBASHOOT

    Shootout with Sheba It has gained a lot of attention since its first appearance in the meme coin market. The project features a Wild West-inspired theme, with characters like Marshal Sheba and the skilled Sheba marksmen at its core.

    In the fictional Sheba Gulch, Marshal Sheba leads the community in meme battles, lighthearted pranks, and meme contests, creating a vibrant digital environment. Moreover, the project recently surpassed $1 million in pre-sale, attracting significant interest from market participants.

    The rapid pace of the pre-sale suggests it could soon be sold out. Shiba Shootout’s unique take on a crypto-themed Wild West is resonating well with its audience. Similar to Floki Inu, it expands the reach of the meme coin by incorporating play-to-earn features. The platform features its own play-to-earn game, which is already available on Android and iOS platforms.

    The project also includes a staking program called Cactus Staking, which provides passive income with above-average returns. It is currently priced at $0.02 in the ongoing presale phase, Shibashot It presents itself as an affordable cryptocurrency with various utility features.

    Visit Shiba Shootout Presale

    4. Helium (HNT)

    Helium price recently saw a 1.62% increase on the day, currently trading at $7.15. This has boosted its market cap to over $1.1 billion. This surge puts Helium among the biggest gainers in the market. Daily trading volume has also increased alongside the price rise, reflecting the growing interest in the asset.

    Furthermore, Helium’s decentralized network model continues to attract attention, especially from major telecom companies in the United States. The network offers a new approach to expanding wireless coverage through a decentralized network of mobile nodes, as opposed to the traditional method of building additional cell towers. This innovation has led to discussions about Helium’s potential impact on wireless infrastructure.

    HNT price chart

    It’s worth noting that two major carriers in the US are currently testing moving their data traffic to Helium’s mobile network. Carrier 1 has about 185,000 customers, while Carrier 2 has more than 122,000 users participating in the trial. If the partnership is successful, it could benefit both carriers and Helium: carriers could see lower costs and improved coverage, while Helium could see increased data traffic and revenue for hotspot providers.

    The latest price increase coincides with the just-concluded community call on August 28, where developers, hotspot owners, and community members discussed updates and governance within the Helium ecosystem.

    The market sentiment towards Helium remains positive, with the Relative Strength Index (RSI) at 58.82, indicating that there is potential for further price growth before reaching an overvalued state. Additionally, Helium is trading well above its 200-day Simple Moving Average (SMA) of $2.25, suggesting that there could be room for further gains before a potential price reversal.

    5. Ordy (Ordy)

    ORDI has gained attention from DeFi investors due to its innovative approach. The Ordinals protocol, which allows data to be embedded directly into the smallest unit of Bitcoin, the Satoshi, is a notable development. This feature enables the creation of Bitcoin-backed NFTs without relying on sidechains, allowing developers to create arrangements that represent ownership of assets both on-chain and off-chain.

    Additionally, the protocol makes it easy to create rare and exotic collectible items, known as arrangements. Because arrangements are essentially satoshis, they are easily accessible to any Bitcoin user, which broadens the appeal of the protocol.

    ORDI Pricing Chart

    ORDI price performance has been remarkable recently, with a 28% gain over the past week. This rally has helped ORDI recover much of the losses it suffered earlier in the month, as optimism in the broader market played a significant role.

    ORDI is currently trading at $27.60, having seen a modest intraday gain of 0.36%. The volume to market cap ratio of 20.94% indicates significant volatility in this cryptocurrency.

    Technical indicators show that the token is trading above its 200-day simple moving average, indicating that it has strong liquidity relative to its market cap. The 14-day RSI is at 59.59, indicating a neutral stance, which could mean sideways trading in the near term.

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