Data from CoinShares shows that Ethereum-based investment products reached a new milestone in 2024, with net inflows reaching $2.2 billion. This exceeded the previous high of $2 billion set in 2021, indicating a change in investor interest. XRP also achieved significant gains. Funds associated with XRP saw inflows of $95 million in a week, the highest inflow ever for the asset. At the same time, its price soared 69%, highlighting the growing attention on altcoins.
The broader cryptocurrency market has expanded significantly, with total value up about 72% since the US election to $3.43 trillion. This growth has been driven by growing interest in US exchange-traded funds (ETFs) and increasing demand for altcoins such as Ethereum and XRP. This article analyses the best cryptocurrencies to invest in right now.
The best cryptocurrencies to invest in right now
Aave achieved a major milestone with $31.4 billion in net deposits. Meanwhile, Solana has been integrated into the CryptoLife platform, allowing payments to over 90 million merchants worldwide. In another development, BEST’s token presale has raised more than $2 million.
1. 阿维 (AAVE)
Decentralized finance (DeFi) platform Aave has reached a major milestone, with total net deposits reaching $31.4 billion. This figure represents a significant increase of 50% in one month from $20.9 billion at the beginning of November. The growth highlights the growing interest in Aave’s lending services.
Aave has seen $10.4 billion in new deposits in the past 30 days. The platform’s native token, AAVE, is currently priced at $237.00, up 5.99% in the past 24 hours. It is trading well above its 200-day simple moving average (SMA) of $137.90, trading 71.13% above that benchmark. This indicates a strong upward trend in its value.
Meanwhile, AAVE’s market sentiment remains bullish, supported by a Fear & Greed Index of 76, which indicates confidence. The token has seen positive movement on 16 of the past 30 days, indicating consistent performance. Its volume-to-market cap ratio is 0.4084, indicating active trading activity.
Aave’s current position reflects its growing influence in the DeFi space. Its increasing deposits, high liquidity, and proactive governance mark steady progress, and its services continue to attract user interest.
2. Maker (MKR)
Maker is gaining market attention, surging sharply to $2,229, up 24.71% in the past 24 hours. The token has a trading volume of $397 million in the same period, a market cap of $1.96 billion, and a 0.06% share of the entire cryptocurrency market. It is trading above its 200-day simple moving average (SMA) of $1,822.44, a premium of 22.28%.
Market sentiment towards MKR appears to be positive. The Fear & Greed Index, a measure of investor sentiment, has a score of 76, indicating extreme greed. MKR is also highly liquid, with a 24-hour volume-to-market cap ratio of 0.3803 and 15 positive trading days in the last month.
Additionally, the token has an annual inflation rate of -3.60%, which suggests a decreasing supply. Technical indicators show a neutral stance, with the 14-day relative strength index (RSI) at 67.39, suggesting a possible sideways trend in the short term.
MKR’s forecast suggests that by the end of the year, it could trade between $2,152.58 and $3,449.00. If the average price in December reaches $3,005.95, this would be a 35.60% increase from current levels, giving investors a potential return of 55.58% if the forecast holds true.
3.Decentraland（MANA）
Decentraland continues to attract attention for its unique approach to digital real estate and experiences. Users can purchase virtual land, build interactive spaces, and participate in economic activities using its native token, MANA. The platform operates as a decentralized ecosystem, enabling participants to shape its development and governance through token-based voting.
MANA is the primary means of transaction, including land purchases and market activity. The token has seen a significant increase in price recently, rising 16.9% to $0.708 in 24 hours. Decentraland currently has a market cap of $1.38 billion and a daily trading volume of $935.23 million.
Its market dominance is 0.04%, reflecting its niche position in the broader cryptocurrency market. In addition, the growing popularity of the virtual universe has driven adoption, with businesses and brands hosting virtual events and creating branded experiences in Decentraland. This trend has solidified its position as a key player in the field of Web3 technology.
Analysts noted positive indicators, including MANA trading above its 200-day simple moving average and showing strong market liquidity. The token has recorded gains in 21 out of 30 days over the past month, indicating a stable performance.
Investor sentiment towards Decentraland remains positive, supported by the Fear & Greed Index’s “Extreme Greed” reading of 76. These indicators indicate a favorable environment for participation and speculation.
4. Solana (SOL)
Solana has been integrated into the CryptoLife platform and can be used for payments at 90 million merchants worldwide. The Solana platform announced the development on its X-Account. The integration highlights Solana’s fast transaction processing, low operating costs, and the expanding decentralized financial ecosystem as key reasons for the move.
In addition, the platform has also integrated with Uquid to introduce Solana native USDT transactions, allowing users to purchase a variety of products. This development is consistent with Solana’s growing adoption and infrastructure enhancements.
Solana’s market performance is showing a bullish trend. Currently trading at $224.15, it is down 1.26% in the past 24 hours but up 37.67% in the past 30 days. The token is 35.12% above its 200-day simple moving average ($166.07), indicating strong upward momentum. Analysts also highlight its high liquidity relative to its market capitalization.
The Fear & Greed Index further supports blockchain sentiment, with the “Extreme Greed” index currently at 76, reflecting strong positive investor sentiment.
The cryptocurrency world has always been a process of survival of the fittest and elimination of the weak! If you don’t want to be eliminated, you must make changes!
Every penny you earn is the manifestation of your understanding of the world; every penny you lose is caused by your cognitive defects. The greatest fairness in this world is that when a person's wealth is greater than his or her own cognition, this society will have 100 ways to harvest you! ! Until your cognition and wealth match each other.
Waiting for a bull market is the most exhausting thing!
But if you wait until then, you will know what it means to have sweet things after bitterness. Don’t leave the market, the hard times are coming to an end, and the violent bull market is coming!
