The cryptocurrency market continues to diversify, with altcoins showing significant growth despite some volatility. Despite the recent price drop, Solana remains an important coin as increased activity in derivatives markets suggests continued trader interest. Many investors hold strong long positions, signaling confidence in its potential. Additionally, XRP has maintained the generally bullish market sentiment. Meanwhile, Dogecoin is growing in popularity and optimism is growing on platforms like OKX.
Investors are actively searching for promising altcoins with growth potential. This article highlights some of the best cryptocurrencies to invest in right now to help investors identify opportunities for potential gains.
The best cryptocurrencies to invest in right now
CELO has recently shown strong trading activity in the market. On the other hand, Memebet has raised more than $372,000, indicating interest in its meme coin and GambleFi combination. Meanwhile, Arweave has gained more attention, rising 4.60% intraday, pushing its price to $19.55.
1. Whole（Whole）
Celo is focused on increasing financial inclusion through mobile access. Its design simplifies the use of cryptocurrency, especially in emerging markets where traditional banking infrastructure may be limited. In terms of market performance, CELO has recently seen strong momentum in trading activity. The token opened at $0.7194 and subsequently reached a high of $0.8102 within 24 hours.
The current price is $0.7553, with a slight intraday decline of 0.66%. However, over the past seven days, CELO has gained 10.54%, reflecting a positive trend. The token has been up 20 out of the past 30 days, indicating relatively high market liquidity.
Technical indicators such as the 14-day relative strength index (RSI) at 35.60 suggest that the cryptocurrency is currently in a neutral state and could soon see a sideways trend. This neutral RSI means there are no significant overbought or oversold pressures, which could indicate that prices will continue to remain stable.
Currently, the market sentiment surrounding CELO is bullish, with the Fear & Greed Index registering a neutral reading of 50. If the coin maintains current levels or gains further momentum, traders may expect its price action to continue to rise.
2.Arweave（AR）
Arweave is a decentralized storage network that aims to provide a permanent data storage platform. The platform's main product is the "permaweb", a decentralized permanent network that supports a range of community-driven applications and platforms.
In addition, Arweave's native token AR plays an important role in the network by incentivizing participants to maintain data availability. In exchange for hosting and protecting data, users will be rewarded with AR tokens, helping to ensure the stability and longevity of the network. This structure is in line with Arweave's goal of providing reliable and censorship-resistant storage solutions.
Arweave has attracted more attention recently, rising 4.60% intraday to $19.55. This price action indicates growing interest in decentralized storage, likely driven by growing demand from individuals and businesses seeking data storage that cannot be modified or censored.
Furthermore, Arweave’s combination of a decentralized architecture, a long-term storage focus, and block weaving technology makes it a potential solution to the need for permanent data storage. Its recent price surge reflects the growing interest in decentralized alternatives to traditional storage.
3. Fantom (FTM)
The price of Fantom’s native token FTM has increased by 5% in seven days, reaching $0.6850 on October 2. The token has experienced a remarkable 69% increase over the past month, mainly due to the community’s anticipation for the upcoming update, known as the Sonic upgrade, which is scheduled for November or December.
In addition, the Sonic upgrade is expected to bring several key improvements to Fantom’s infrastructure. These include the introduction of a new Fantom Virtual Machine (FVM), an optimized Lachesis consensus mechanism, and a new database storage system called Carmen. These changes are designed to enhance network performance and scalability.
After the upgrade, the blockchain is expected to process more than 2,000 transactions per second (TPS), with a finality time of about one second. This will be a significant leap from the current 30 TPS capacity. Faster throughput could make Fantom more competitive in the broader blockchain ecosystem.
Additionally, anticipation for these enhancements has reignited interest in the Fantom ecosystem. According to DeFiLlama, the total locked value (TVL) in Fantom decentralized finance (DeFi) applications has grown 55% over the past month to $108.8 million. Increased network activity reflects this growth and suggests that adoption is on the rise in the ecosystem.
4.Memebet (MEMEBET)
Memebet Token is currently in its initial coin offering (ICO) phase and has attracted a lot of attention from the cryptocurrency community. The project has raised over $372,000, reflecting interest in its approach to combining the meme coin and GambleFi worlds.
Memebet is a departure from traditional crypto betting platforms by focusing on meme coins. Users can place bets using well-known meme tokens such as Dogecoin and Pepe. This feature adds an element of ease to the betting experience, appealing to a specific audience. The platform operates on a web page and a Telegram-based gaming channel, allowing decentralized betting using these tokens.
The project's slogan is "Casino for Meme Degenerates," summarizing its goal of combining the thrill of gambling with the appeal of online culture. Token holders receive various rewards, such as exclusive bonuses and challenges within the casino. In addition, Memebet introduces a play-and-earn system where users can receive airdrop rewards. This mechanism is designed to keep participants engaged in the platform's ecosystem.
Meanwhile, as part of Memebet’s marketing, the project has partnered with the Argentine national football team. Given the team’s recent World Cup win, the partnership has raised the project’s profile, reaching millions of football fans in South America and Europe. This exposure strengthens Memebet’s position in the competitive cryptocurrency space and increases its credibility.
5. PENDLE
Pendle has made its mark in the decentralized finance space by offering a novel way to trade future yields. This allows users to optimize returns through smart contracts that interact with other DeFi platforms. Pendle's system facilitates future yield trading across a variety of assets, increasing the opportunity for yield generation.
Recent developments, including smart contract updates and new partnerships, indicate that the project is continuing to grow. These advances reflect Pendle’s focus on developing its infrastructure and expanding its influence in the DeFi ecosystem.
As of this writing, Pendle is trading at $3.97, up 2.41%. Pendle has increased in value by 47.35% over the past month, indicating strong demand. This significant growth makes it one of the best cryptocurrencies to invest in right now.
If the current trend continues, Pendle could rise to $6.31. However, an increase in selling pressure could push the price down to $3.16, highlighting the volatility of its price prediction. The overall sentiment surrounding Pendle remains positive, and the price prediction outlook leans towards bullish.
Furthermore, the Fear & Greed Index, which measures market sentiment, is currently at 50, indicating that traders are in a neutral mood. According to some forecasts, the price of Pendle might reach $12.73 in the next month.
