Recent analysis suggests that Bitcoin (BTC), the leading cryptocurrency, could be on the verge of a bullish trend. Analysts highlight the decreasing Bitcoin reserves, coupled with rising stablecoin reserves, as key indicators of a potential price increase.
This combination of reduced supply and growing buying power leads many to believe that Bitcoin may soon see a price surge. Given this bullish sentiment, investors are searching for the best altcoins to invest in today.
5 Best Altcoins To Invest In Today
Wormhole has integrated with Securitize, a tokenization platform, enhancing its interoperability. Meanwhile, Conflux has collaboration with the Worldwide Stablecoin Payment Network (WSPN). Theta Labs has also launched EdgeCloud for Mobile, enabling users to leverage their smartphones’ GPU power as nodes within its decentralized network.
Meanwhile, OKX recently completed its largest burn in the platform’s history. The upcoming Mega Dice token (DICE) launch is also attracting interest ahead of its exchange debut. Additionally, PayPal has expanded its services, now allowing merchants to buy and sell cryptocurrency.
1. Wormhole (W)
Securitize, a tokenization platform, recently integrated the Wormhole cross-chain communication protocol, aiming to enhance the transferability of tokenized real-world assets (RWAs) across blockchain networks. In its Sept. 20 announcement, Securitize highlighted that this move is intended to enable faster and more cost-effective transactions, potentially fostering the growth of a cross-chain ecosystem for RWAs, which include tokenized financial assets, commodities, and art.
Carlos Domingo, CEO of Securitize, emphasized that tokenized securities must operate on public, permissionless blockchains to realize the full benefits of blockchain technology. By integrating Wormhole, the platform hopes to overcome current barriers to asset transferability, which have limited broader adoption.
Wormhole is changing hands at $0.3066, following an 18.58% intraday rally. W has demonstrated strong liquidity and a positive trend, with half of the days in the past month closing above its daily open price.
EVM to Solana.
Native to native cross-chain swaps.
Less than 10 seconds.https://t.co/RhdQ3OGXd3 pic.twitter.com/KWTz1EC9tn
— Wormhole (@wormhole) September 26, 2024
In terms of price forecasts, Wormhole is expected to trade between $0.2936 and $0.3302 by the end of the week, with a potential 12.45% increase by Sept. 29. Next week, the price could range from $0.3302 to $0.4127, representing a possible 25% rise if it reaches the upper target by Oct. 6, 2024.
Overall, Securitize’s integration with Wormhole could enhance cross-chain functionality for tokenized assets, while Wormhole’s ongoing price trends and forecasts indicate steady growth in the near term.
2. Conflux (CFX)
Conflux has emerged as a notable player in the decentralized finance (DeFi) space, particularly with its recent partnership with the Worldwide Stablecoin Payment Network (WSPN). This collaboration brings WSPN’s stablecoin, WUSD, onto the Conflux blockchain, aiming to enhance the platform’s functionality for global payments and financial markets. WUSD is pegged 1:1 to the US dollar and offers users not only stable returns but also access to increased staking rewards and a growing DeFi ecosystem.
Currently, Conflux’s native token, CFX, is trading at $0.184646, showing a 17.45% price increase in the last 24 hours. Over the past year, the token has risen by 51% and remains above its 200-day simple moving average. It has demonstrated solid liquidity and performed positively in 57% of the last 30 days, closing above its daily opening price.
Our team had an amazing time at #TOKEN2049 in Singapore!
We had a fantastic opportunity to meet with so many partners, explore exciting new collaborations, and attend insightful panel discussions and events. pic.twitter.com/CUn3PcxYBE
— Conflux Network Official (@Conflux_Network) September 24, 2024
In terms of short-term projections, Conflux is expected to trade within a range of $0.171272 to $0.192285 this week. If it reaches the higher target, it could see a 12.27% gain by September 30, 2024. The following week forecasts a potential price range between $0.192285 and $0.239733, suggesting a possible 24.68% increase by October 7, 2024.
Looking ahead to 2024, Conflux is projected to trade between $0.171272 and $0.807359. If it achieves the upper range, this would represent a significant 335.79% increase. However, market dynamics and broader economic factors will influence whether these targets are met.
3. Theta Network (THETA)
Theta Labs has introduced EdgeCloud for Mobile, enabling users to contribute their smartphones’ GPU power as nodes within its decentralized network. In return, participants earn TFUEL tokens. The platform aims to leverage the computing power of approximately 3.9 billion active Android devices to enhance its decentralized cloud infrastructure.
Theta EdgeCloud is a DePIN-powered hybrid cloud-edge platform that uses over 30,000 distributed nodes to provide scalable, cost-efficient GPU computing resources. With smartphones’ increasing power, Theta Labs seeks to harness these devices for more complex computational tasks.
In one of the biggest leaps forward in Theta’s history, the mobile version of the Theta Edge Node for Android devices launched today! The mobile Edge Node extends EdgeCloud’s network of 30k+ nodes to potentially tap into the computing resources of 3.9 billion active Android…
— Theta Network (@Theta_Network) September 25, 2024
Currently, Theta Token (THETA) is priced at $1.54, marking an 8.6% rise in the past 24 hours. Over the past year, it has seen a 141% increase, outperforming 61% of the top 100 crypto assets. THETA is trading 15.27% above its 200-day simple moving average of $1.33, indicating positive momentum. Furthermore, 21 technical indicators show bullish signals, although the overall sentiment remains neutral. By October 26, 2024, the price is predicted to rise by 5.09% to approximately $1.59.
Overall, Theta Token’s performance suggests steady growth with high liquidity and positive movement above key technical thresholds. However, while the market sentiment is positive, it remains cautious in the short term.
4. OKB (OKB)
OKX recently completed its 25th OKB buyback and burn, repurchasing and destroying approximately 17.34 million OKB tokens, marking the largest burn in its history. The total value of the destruction amounted to about $661 million. While OKX had previously indicated that the buyback was tied to seasonal market conditions and operational performance, specific details about the process remain undisclosed.
OKB trades at $42.79, reflecting a 7.91% rise over the past 24 hours. The token has shown consistent upward movement, with 16 out of the last 30 days closing higher than the daily opening price, suggesting bullish momentum. The general sentiment, based on technical analysis, also points towards a positive outlook.
🟢 #NewListing $HMSTR/USDT @hamster_kombat Spot trading is LIVE on #OKX!
Trade now: https://t.co/T3Nv3miBUn pic.twitter.com/nn2ZiTfaKk
— OKX (@okx) September 26, 2024
For the immediate term, OKB is expected to trade within a range of $42.25 to $42.70, with a potential 1.07% increase to $42.70 by September 29, 2024. Next week, however, the token might see a slight decline, with a forecasted price range of $42.35 to $42.70, implying a possible 0.83% drop to $42.35 by October 6, 2024.
Looking further into 2024, OKB is projected to fluctuate between $39.92 and $56.26. Should it reach the upper target, this would represent a 31.78% increase, highlighting potential growth despite short-term fluctuations.
5. Mega Dice ($DICE)
The upcoming launch of the Mega Dice token (DICE) is generating significant attention as it prepares to debut on exchanges in just a few days. DICE is set to list on Solana’s Raydium DEX on September 30th at 3 PM CET, thus generating market attention. This is because the $DICE token is closely tied to the Mega Dice Casino, an already established platform in the crypto gambling sector. This adds to the anticipation surrounding its launch.
Presale investors will be able to claim their $DICE tokens on the listing day by connecting their wallets through the project’s website. Moreover, the token is currently available at $0.116056 for early backers, and the presale is nearing the $2 million mark, driven by strong interest, including a notable $20,000 investment from a single participant.
What makes the launch of $DICE even more compelling is Mega Dice Casino’s substantial user base. The casino currently boasts 10,000 active players and a monthly betting volume of $50 million, positioning it ahead of many competitors and further increasing interest in $DICE.
Furthermore, $DICE holders have the opportunity to benefit directly from the casino’s performance through staking, with current rewards offering an annual yield of 286.4%. The platform has also announced a $2.25 million airdrop, split into three seasons, adding further appeal for early investors. This combination of rewards and staking mechanisms helps differentiate Mega Dice in the growing GambleFi sector.
With the exchange debut just around the corner, $DICE has gained considerable momentum, driven by its established platform, community growth, and attractive staking rewards. For those interested in crypto gambling tokens, Mega Dice presents an intriguing option, though risks should always be considered before investing.
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