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$BTC As of today, August 14, 2024, Bitcoin is showing signs of consolidation, with its price fluctuating around the $63,500 to $67,000 range. This period of consolidation suggests that Bitcoin is currently stabilizing, with the potential for upward momentum if it breaks above the $67,000 resistance level. If this happens, Bitcoin could target the $70,000 mark in the short term. However, a breakdown below $63,000 could indicate further declines
#Megadrop
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#BONKđ„đ„
BONK Price Prediction .
BONK was launched in December 2022 with a starting token price of $0.0000001487. It showed only a gradual growth over the next ten months before its price started surging from November 2023 onwards.
The Solana-based meme coin reached its all-time high in March 2024, with a peak price of $0.000045. However, it could not sustain the momentum for long as it traded below the $0.000030 level between April to mid-May.
Nonetheless, over the last year, $BONK has recorded a massive 7396% increase in price. With its impressive performance on the price charts in the past few days, Bonk might be close to hitting a new all-time high.
Bonk Price Prediction
Bonk has hit the ground running after it breached the $0.00003 resistance level, showcasing that the token is on a positive cycle. Two factors have contributed to its recent rally - the bullish sentiment in the broader market caused by the imminent ETH ETF approval and investorsâ increasing appetite for the token.
Presently, Bonkâs Relative Strength Index (RSI) shows that it is nearing the âoverboughtâ territory. The RSI is a tool that analyzes the extent of changes in price to show whether a token is in overbought or oversold conditions.
With the 14-day RSI of Bonk at 66.18 and its Fear and Greed Index above 70, there's no doubt that investors are betting on a price rise. However, from a technical perspective, Bonk may encounter some resistance if it enters the overbought zone as traders see that as a signal to sell. When this happens, the tokenâs price will likely witness a correction.
Therefore, investors might be better off shifting some capital to Dogeverse , a multi-chain meme coin with an attractive investment appeal.
BONK Price Prediction .
BONK was launched in December 2022 with a starting token price of $0.0000001487. It showed only a gradual growth over the next ten months before its price started surging from November 2023 onwards.
The Solana-based meme coin reached its all-time high in March 2024, with a peak price of $0.000045. However, it could not sustain the momentum for long as it traded below the $0.000030 level between April to mid-May.
Nonetheless, over the last year, $BONK has recorded a massive 7396% increase in price. With its impressive performance on the price charts in the past few days, Bonk might be close to hitting a new all-time high.
Bonk Price Prediction
Bonk has hit the ground running after it breached the $0.00003 resistance level, showcasing that the token is on a positive cycle. Two factors have contributed to its recent rally - the bullish sentiment in the broader market caused by the imminent ETH ETF approval and investorsâ increasing appetite for the token.
Presently, Bonkâs Relative Strength Index (RSI) shows that it is nearing the âoverboughtâ territory. The RSI is a tool that analyzes the extent of changes in price to show whether a token is in overbought or oversold conditions.
With the 14-day RSI of Bonk at 66.18 and its Fear and Greed Index above 70, there's no doubt that investors are betting on a price rise. However, from a technical perspective, Bonk may encounter some resistance if it enters the overbought zone as traders see that as a signal to sell. When this happens, the tokenâs price will likely witness a correction.
Therefore, investors might be better off shifting some capital to Dogeverse , a multi-chain meme coin with an attractive investment appeal.
#MemeWatch2024
Best Top Meme Coins
Hereâs our list of the best meme coins to buy in May 2024, including established large market cap coins and brand new meme coins:
Dogeverse â Overall best meme coin to buy in 2024
Sealana â New Solana-based meme coin with viral potential
WienerAIÂ â New dog-themed meme token offering an AI crypto trading bot
Sponge V2Â â Best stake-to-bridge meme coin with a play-to-earn game
Smog (Market Cap: $54 million) â Popular meme coin promising the greatest Solana airdrop of all time
Shiba Shootout â Best Wild West-themed meme coin
Clair Meme â AI-powered meme coin avatars for full metaverse integration
Oracle Meme â New meme token decentralizes the meme creation process. Presale coming up
MAOCATÂ â Cat-themed meme coin with utility in the form of NFTs, a swap and a game.Â
Dogecoin (Market Cap: $20.2 billion)Â â Most iconic meme coin with widespread adoption
Shiba Inu (Market Cap: $14.2 billion)Â â Popular meme coin known as the âDoge Killerâ
Pepe (Market Cap: $3.4 billion)Â â Top meme coin with unique cultural appeal
dogwifhat (Market Cap: $3.0 billion)Â â The biggest meme coin sensation in 2024
Bonk (Market Cap: $1.8 billion)Â â Leading Solana meme coin with high transaction speedÂ
Floki (Market Cap: $1.7 billion)Â â Popular meme coin with real utility
Best Top Meme Coins
Hereâs our list of the best meme coins to buy in May 2024, including established large market cap coins and brand new meme coins:
Dogeverse â Overall best meme coin to buy in 2024
Sealana â New Solana-based meme coin with viral potential
WienerAIÂ â New dog-themed meme token offering an AI crypto trading bot
Sponge V2Â â Best stake-to-bridge meme coin with a play-to-earn game
Smog (Market Cap: $54 million) â Popular meme coin promising the greatest Solana airdrop of all time
Shiba Shootout â Best Wild West-themed meme coin
Clair Meme â AI-powered meme coin avatars for full metaverse integration
Oracle Meme â New meme token decentralizes the meme creation process. Presale coming up
MAOCATÂ â Cat-themed meme coin with utility in the form of NFTs, a swap and a game.Â
Dogecoin (Market Cap: $20.2 billion)Â â Most iconic meme coin with widespread adoption
Shiba Inu (Market Cap: $14.2 billion)Â â Popular meme coin known as the âDoge Killerâ
Pepe (Market Cap: $3.4 billion)Â â Top meme coin with unique cultural appeal
dogwifhat (Market Cap: $3.0 billion)Â â The biggest meme coin sensation in 2024
Bonk (Market Cap: $1.8 billion)Â â Leading Solana meme coin with high transaction speedÂ
Floki (Market Cap: $1.7 billion)Â â Popular meme coin with real utility
#Cosmosđ„·
Why Cosmos?
The Cosmos community has approved a proposal to cap the inflation rate of the ATOM token at 10%. The current inflation rate is at about 14%, while the cap is set at 20%. Once enacted, the proposal will reduce the amount of new ATOM tokens entering circulation. However, it will also reduce the APR of staking ATOM tokens from about 19% to roughly 13.4%.
According to the proposal, research indicated that the Cosmos Hub blockchain is currently overpaying for its security. The proposal also argues that reducing the inflation of ATOM could have a positive influence on decentralized finance protocols and money markets in the Cosmos ecosystem.
The vote was quite contentious, as the "Yes" option received 41.1% of the vote. The "No" option received 31.9% of the vote, the "Veto" option received 6.6%, while the remaining 20.4% of the votes were for the "Abstain" option. Interestingly enough, this proposal saw the highest voter turnout in the history of the Cosmos ecosystem.
Why Cosmos?
The Cosmos community has approved a proposal to cap the inflation rate of the ATOM token at 10%. The current inflation rate is at about 14%, while the cap is set at 20%. Once enacted, the proposal will reduce the amount of new ATOM tokens entering circulation. However, it will also reduce the APR of staking ATOM tokens from about 19% to roughly 13.4%.
According to the proposal, research indicated that the Cosmos Hub blockchain is currently overpaying for its security. The proposal also argues that reducing the inflation of ATOM could have a positive influence on decentralized finance protocols and money markets in the Cosmos ecosystem.
The vote was quite contentious, as the "Yes" option received 41.1% of the vote. The "No" option received 31.9% of the vote, the "Veto" option received 6.6%, while the remaining 20.4% of the votes were for the "Abstain" option. Interestingly enough, this proposal saw the highest voter turnout in the history of the Cosmos ecosystem.
#Uniswapâs
Why Uniswap?
The Uniswap Foundation has submitted a proposal to use the protocolâs fee mechanism to reward UNI token holders who stake and delegate their tokens. According to the proposal, the change is designed to incentivize "active, engaged and thoughtful delegation" in the Uniswap governance process.
If the community vote approves the proposal, it would allow for the automatic and unrestricted collection of protocol fees, which would then be distributed evenly among UNI token holders who have staked their tokens and delegated their voting rights.
The market has received the proposal very positively, as UNIâs price spiked from $7.16 to $12.27 (+71%) in a little more than an hour after the proposal was published. Although UNI has seen a price correction since, the token is till trading at $10.56 at the time of writing, which is significantly above its pre-spike levels.
Why Uniswap?
The Uniswap Foundation has submitted a proposal to use the protocolâs fee mechanism to reward UNI token holders who stake and delegate their tokens. According to the proposal, the change is designed to incentivize "active, engaged and thoughtful delegation" in the Uniswap governance process.
If the community vote approves the proposal, it would allow for the automatic and unrestricted collection of protocol fees, which would then be distributed evenly among UNI token holders who have staked their tokens and delegated their voting rights.
The market has received the proposal very positively, as UNIâs price spiked from $7.16 to $12.27 (+71%) in a little more than an hour after the proposal was published. Although UNI has seen a price correction since, the token is till trading at $10.56 at the time of writing, which is significantly above its pre-spike levels.
#XRP
Why XRP?
US fintech firm Ripple, which is the key player in the XRP Ledger ecosystem, has announced that they will be launching a new dollar-pegged stablecoin on the XRP Ledger and Ethereum platforms. The stablecoin will follow the traditional model of full backing using USD deposits, (short-term) US government treasuries and other cash equivalents.
To increase transparency, Ripple aims to publish monthly attestations conducted by a third-party accounting firm to demonstrate that the stablecoin is fully backed.
David Schwartz, Rippleâs CTO and one of the original architects of the XRP Ledger, said that a USD-backed stablecoin on the XRP Ledger platform will be a âgamechangerâ for both users and developers.
XRP investors can look forward to the stablecoin potentially boosting liquidity on the XRP Ledgerâs built-in decentralized exchange functionality and introduce new cases for the XRP Ledger platform, which could certainly also benefit XRP as an asset.
Why XRP?
US fintech firm Ripple, which is the key player in the XRP Ledger ecosystem, has announced that they will be launching a new dollar-pegged stablecoin on the XRP Ledger and Ethereum platforms. The stablecoin will follow the traditional model of full backing using USD deposits, (short-term) US government treasuries and other cash equivalents.
To increase transparency, Ripple aims to publish monthly attestations conducted by a third-party accounting firm to demonstrate that the stablecoin is fully backed.
David Schwartz, Rippleâs CTO and one of the original architects of the XRP Ledger, said that a USD-backed stablecoin on the XRP Ledger platform will be a âgamechangerâ for both users and developers.
XRP investors can look forward to the stablecoin potentially boosting liquidity on the XRP Ledgerâs built-in decentralized exchange functionality and introduce new cases for the XRP Ledger platform, which could certainly also benefit XRP as an asset.
#TONCOÄ°N
Why Toncoin?
Toncoin has been the talk of the town in the cryptocurrency community thanks to the recent launch of Notcoin (NOT) and its listings on Binance and other top cryptocurrency exchanges. However, NOT has been seeing consistent selling pressure since its listing, and the token is still in the process of finding a price floor and establishing a more stable price range.
In more encouraging news for the Toncoin ecosystem, the TON Foundation has entered a collaboration with mobile payment app Oobit. As a result, Toncoin has been integrated with the Oobit platform, making TON payments an option at tens of millions of retailers around the world.
With the integration, the $200 million in USDT recently issued on the TON Blockchain will also gain additional utility. In addition to the ability to send direct message payments on Telegram, USDT tokens on the TON Blockchain will now also be available for use with instant crypto tap payments through Oobit at merchants globally.
This allows users to send USDT as a direct message on Telegram and spend the same USDT for instant crypto Tap payments on Oobit. A section from the announcement on Tetherâs website reads:
Why Toncoin?
Toncoin has been the talk of the town in the cryptocurrency community thanks to the recent launch of Notcoin (NOT) and its listings on Binance and other top cryptocurrency exchanges. However, NOT has been seeing consistent selling pressure since its listing, and the token is still in the process of finding a price floor and establishing a more stable price range.
In more encouraging news for the Toncoin ecosystem, the TON Foundation has entered a collaboration with mobile payment app Oobit. As a result, Toncoin has been integrated with the Oobit platform, making TON payments an option at tens of millions of retailers around the world.
With the integration, the $200 million in USDT recently issued on the TON Blockchain will also gain additional utility. In addition to the ability to send direct message payments on Telegram, USDT tokens on the TON Blockchain will now also be available for use with instant crypto tap payments through Oobit at merchants globally.
This allows users to send USDT as a direct message on Telegram and spend the same USDT for instant crypto Tap payments on Oobit. A section from the announcement on Tetherâs website reads:
Why Solona?
Solana is a smart contracts platform with a unique architecture that allows it to process thousands of transactions per second while keeping costs extremely low. Solana achieves this by utilizing a unique Proof-of-History algorithm and a Proof-of-Stake consensus mechanism. SOL is among the cheapest cryptos to transfer on the market, as users pay less than $0.001 per transaction on average.
Solana was founded in 2018 by Anatoly Yakovenko. The platformâs mainnet launched in March 2020, and saw a huge boost in adoption in 2021. While SOL has lost a lot of its value in the 2022 bear market, Solana still has one of the most impressive ecosystems in the cryptocurrency sector.
Why Solana?
Solana has been a standout performer in the last week, gaining 22.4% against the US dollars while Bitcoin and Ethereum showed significantly lower gains of 6.7 and 4 percent, respectively. With the move upwards, SOL ($79 billion market cap) is once again in striking distance of overtaking BNB ($84.6 billion market cap) in the crypto rankings.
Solanaâs DeFi ecosystem continues to be extremely active, with meme coins being the primary driver of demand. According to DeFi Llama, DeFi protocols on Solana have seens $890 million worth of transaction volume in the last 24 hours, compared to Ethereumâs $1.3 billion in the same period.
However, the TVL (Total Value Locked) in the Solana DeFi ecosystem is more than 10 times smaller than the TVL of the Ethereum DeFi ecosystem, which makes Solanaâs DeFi volumes especially impressive.
Another sign of the current popularity of Solana is that Phantom, a cryptocurrency wallet best known for its Solana blockchain support, is currently the 4th-ranked utility app on the App Store, behind only Google, Google Chrome and Countdown.
Solana is a smart contracts platform with a unique architecture that allows it to process thousands of transactions per second while keeping costs extremely low. Solana achieves this by utilizing a unique Proof-of-History algorithm and a Proof-of-Stake consensus mechanism. SOL is among the cheapest cryptos to transfer on the market, as users pay less than $0.001 per transaction on average.
Solana was founded in 2018 by Anatoly Yakovenko. The platformâs mainnet launched in March 2020, and saw a huge boost in adoption in 2021. While SOL has lost a lot of its value in the 2022 bear market, Solana still has one of the most impressive ecosystems in the cryptocurrency sector.
Why Solana?
Solana has been a standout performer in the last week, gaining 22.4% against the US dollars while Bitcoin and Ethereum showed significantly lower gains of 6.7 and 4 percent, respectively. With the move upwards, SOL ($79 billion market cap) is once again in striking distance of overtaking BNB ($84.6 billion market cap) in the crypto rankings.
Solanaâs DeFi ecosystem continues to be extremely active, with meme coins being the primary driver of demand. According to DeFi Llama, DeFi protocols on Solana have seens $890 million worth of transaction volume in the last 24 hours, compared to Ethereumâs $1.3 billion in the same period.
However, the TVL (Total Value Locked) in the Solana DeFi ecosystem is more than 10 times smaller than the TVL of the Ethereum DeFi ecosystem, which makes Solanaâs DeFi volumes especially impressive.
Another sign of the current popularity of Solana is that Phantom, a cryptocurrency wallet best known for its Solana blockchain support, is currently the 4th-ranked utility app on the App Store, behind only Google, Google Chrome and Countdown.
12 Best Crypto to Buy Now in May 2024
May 20, 2024 |
12 Best Crypto to Buy Now in May 2024
Table of contents
Best Cryptos to Buy Right Now
1. Solana
2. Bitcoin
3. Toncoin
4. Ethereum
5. XRP
6. BNB
7. Uniswap
8. Mina Protocol
9. Cosmos
10. Shiba Inu
11. Aave
12. NEAR Protocol
Best crypto to buy for beginners
Best crypto to buy for long-term investors
How we chose the best cryptocurrencies to buy
Availability
Market capitalization
Sector leadership
Working products
Team and development
The bottom line: What crypto to buy now?
With the cryptocurrency markets still in an uncertain position, many crypto investors are wondering if itâs time to sell in order to avoid further losses or if the market is going to recover soon.
Even though the crypto markets have so far always recovered from their bearish periods, every bear market has its âcasualtiesâ that never make a strong recovery. Therefore, itâs important to choose quality crypto projects that have a good chance of surviving the bear market and thriving in the future.
Weâve analyzed 200 of the top cryptocurrencies based on their liquidity and availability, technology, sector leadership, tokenomics and more key factors. You can read more about our criteria a bit further down in the article.
By doing so, weâve narrowed the list down to 12 cryptocurrencies that present the most compelling opportunities at the moment. The top three coins on our list are updated weekly to reflect the most up-to-date developments in the crypto and blockchain sector. Here's our roundup of the best cryptocurrency to invest in 2024:
Solana â High-performance blockchain platform for smart contracts
Bitcoin â Decentralized peer-to-peer cryptocurrency
Toncoin â A blockchain closely integrated with the Telegram messenger
Ethereum â The leading blockchain for smart contracts
XRP â Highly efficient digital currency
Uniswap â The biggest DEX on Ethereum
BNB â A popular cryptocurrency utilized in the Binance ecosystem
Mina Protocol â An extremely lightweight blockchain.
May 20, 2024 |
12 Best Crypto to Buy Now in May 2024
Table of contents
Best Cryptos to Buy Right Now
1. Solana
2. Bitcoin
3. Toncoin
4. Ethereum
5. XRP
6. BNB
7. Uniswap
8. Mina Protocol
9. Cosmos
10. Shiba Inu
11. Aave
12. NEAR Protocol
Best crypto to buy for beginners
Best crypto to buy for long-term investors
How we chose the best cryptocurrencies to buy
Availability
Market capitalization
Sector leadership
Working products
Team and development
The bottom line: What crypto to buy now?
With the cryptocurrency markets still in an uncertain position, many crypto investors are wondering if itâs time to sell in order to avoid further losses or if the market is going to recover soon.
Even though the crypto markets have so far always recovered from their bearish periods, every bear market has its âcasualtiesâ that never make a strong recovery. Therefore, itâs important to choose quality crypto projects that have a good chance of surviving the bear market and thriving in the future.
Weâve analyzed 200 of the top cryptocurrencies based on their liquidity and availability, technology, sector leadership, tokenomics and more key factors. You can read more about our criteria a bit further down in the article.
By doing so, weâve narrowed the list down to 12 cryptocurrencies that present the most compelling opportunities at the moment. The top three coins on our list are updated weekly to reflect the most up-to-date developments in the crypto and blockchain sector. Here's our roundup of the best cryptocurrency to invest in 2024:
Solana â High-performance blockchain platform for smart contracts
Bitcoin â Decentralized peer-to-peer cryptocurrency
Toncoin â A blockchain closely integrated with the Telegram messenger
Ethereum â The leading blockchain for smart contracts
XRP â Highly efficient digital currency
Uniswap â The biggest DEX on Ethereum
BNB â A popular cryptocurrency utilized in the Binance ecosystem
Mina Protocol â An extremely lightweight blockchain.