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The global cryptocurrency market cap stands at $1.98 trillion, reflecting a 4.44% decline in the past 24 hours, with Bitcoin down 4.53%. As the cryptocurrency market is in a bearish trend, altcoins like Litecoin, Helium, and Flare are showing growth potential and attracting significant investor interest. Investors should remain vigilant, as these tokens may present an opportunity to profit from. This guide analyzes some of the Best Cryptocurrencies to Invest in Nowby studying its distinctive features, recent developments, and future growth potential.
Best Cryptocurrencies to Invest in Now
Recently, Litecoin has shown strong performance with a steady upward trend. In the NFT gaming space, the recent partnership between Immutable and Portal marks a significant milestone. Meanwhile, Flare Network has also made progress by integrating Polyhedra’s zkBridge, enhancing its cross-chain security.
1. Litecoin (LTC)
Litecoin (LTC) is a cryptocurrency that uses blockchain technology to enable fast, secure, and low-cost transactions. Transactions are typically confirmed within minutes, and transaction fees remain minimal.
Lately, Litecoin has been performing strongly, showing a steady upward trend. Over the past day, Litecoin has gained 0.16% of its value, supported by increased whale activity. Over the past week and month, it has risen by 8.93% and 2.43%, respectively.
The cryptocurrency has also recorded 17 green days in the last 30 days and has relatively high liquidity compared to its market cap. Moreover, Litecoin’s 14-day Relative Strength Index (RSI) is at 53.81, indicating a neutral stance that could lead to sideways trading in the near term.
Furthermore, the Litecoin Foundation and its community continue to focus on improving the network’s usability and scalability. Ongoing developments include introducing privacy features, integration with payment systems, and forming strategic partnerships.
Looking ahead, Litecoin is expected to maintain its upward trajectory. Analysts remain optimistic, citing the growing demand for secure and efficient payment systems as a driving factor. However, as with any market, these trends should be observed.
2. Helium (HNT)
Helium Mobile has shown remarkable progress in the telecommunications sector, with its Helium token reflecting a positive trend. Recent data indicates an upward trend in HNT’s daily performance. Steady green candles have been observed this month and over the past week.
This upward movement is in line with Helium’s strong DePIN narrative, which appears to be supporting its growth. According to Helium’s website, the network’s Hotspot map highlights significant expansion, indicating further growth potential. Over the past 30 days, Helium Mobile network usage has been on the rise, contributing to the token’s recent price surge.
At the time of writing, the HNT token was up 3.34%, trading at $7.54. Over the past week, it has posted a steady gain of 6.11%, resulting in a daily trading volume increase of 45.57%.
With a market cap of $1.2 billion, Helium is currently ranked 54th in the cryptocurrency market. Its strong performance, in line with the broader market recovery, suggests a potential $10 breakout later this year.
3. Immutable (IMX)
Immutable recently partnered with Portal, a prominent Web3 distribution platform, marking a significant step forward for NFT gaming. The collaboration aims to transform how Web3 games are distributed, monetized, and experienced.
Furthermore, the partnership aims to make Web3 games more accessible and appealing to a wider audience, leveraging Portal’s strengths in user acquisition, rewards, and payment systems. This will be used alongside the game development platform built by Immutable. The partnership has the potential to significantly boost the growth of Web3 games, helping these games gain further traction among mainstream users.
Furthermore, Immutable has also partnered with MARBLEX, Netmarble’s Web3 subsidiary. Although specific details of this partnership have not been revealed, it is expected to be of great significance in the blockchain gaming space.
Unchangeable 🤝 @Portal Queen
Portal is the leading Web3 distribution platform. We make it easy for gamers around the world to get easy and rewarding access to the best Web3 games.
Web3 games are available to everyone.
This partnership represents a major leap forward for web3 gaming with… pic.twitter.com/aIUenpUgHM
— @Immutable September 3, 2024
Meanwhile, IMX token is trading at $1.20, reflecting a 2.35% drop on the day. However, trading volume has increased by 25.27%, indicating a potential shift in market sentiment and future growth opportunities.
Over the past month, the cryptocurrency has registered modest gains of 0.79%, indicating a positive performance. The cryptocurrency also shows strong liquidity, supported by its market cap.
4. Baby Unrestricted (PEPU)
Baby is not tied Pepe has shown great momentum since its ICO launch, reaching $11.9 million. This rapid progress can be attributed to its unique features, especially its use of an innovative layer-2 blockchain, known as the “Pepe Chain.”
One of the key factors that sets PEPU apart is its focus on improving transaction speed while offering the potential for higher returns. The project builds on the initial excitement around Pepe Coin, positioning itself in a strategic position within the Ethereum network.
Although the current plan is focused on Ethereum, there are long-term ambitions to develop an independent blockchain. This expansion will likely expand its ecosystem, making way for other meme tokens or coins in the future.
One of the crucial elements that contributed to the project’s early success was its attractive staking rewards, which offered an annual return of 170% to early participants. As a result, over 939 million PEPU tokens have already been staked.
We just hit $11.5 million!
Pepe Unchained continues to break records, and we never stop trying. Thanks to everyone for pushing us to new heights – there are exciting things on the horizon! 🐸🚀 pic.twitter.com/LPEjLcrHF3
— Pepe Unchained (@pepe_unchained) September 2, 2024
Moreover, Pepe Unchained also gained visibility through the features available on major crypto platforms. Butt This strategy follows a clear three-step roadmap, with developers committing to regular updates on social media. The strategy emphasizes gradually building a large and active community of investors.
As the ICO progresses, potential investors have a limited time frame to participate before a potential price surge following the launch of the decentralized exchange, which some predict could increase by as much as 100x. This presents a unique opportunity for early investors to potentially benefit from the surge.
5. Glow (FLR)
Flare is a layer-one blockchain that leverages the Ethereum Virtual Machine (EVM) to enhance functionality. It provides developers with decentralized access to trusted data from multiple blockchains and the internet, expanding application development and monetization opportunities.
Recently, Flare Network made significant progress in the field of cross-chain security by integrating Polyhedra’s zkBridge, a modern cross-chain interoperability protocol. This partnership includes the integration of Polyhedra’s zkBridge DVN, adding another layer of security to LayerZero’s existing interoperability protocol. This development highlights Flare’s ongoing efforts to advance cross-chain interoperability, making it one of the best companies in the space. Best Cryptocurrencies to Invest in Now.
Despite these developments, FLR has seen a slight decline of 1.17% over the past 24 hours, currently trading at $0.01602. This decline is in line with the broader correction in the global crypto market. However, FLR has seen a 2.79% rise over the past month, with a significant increase in trading volume of 113.41%, reaching 7 million.
Technical analysis points to potential growth, with the 14-day Relative Strength Index (RSI) at 50.48, indicating a neutral stance with potential for sideways trading. According to CoinCodex, Flare’s price could range between $0.018926 and $0.089576, with a forecasted target of $0.047149 by October.
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