1.DOGE
One altcoin that has received a lot of attention during this bull run is Dogecoin (DOGE), a popular memecoin. Dogecoin has surged in popularity due to support from Elon Musk, and some analysts have predicted that Dogecoin could hit new all-time highs during this bull run. One analyst even believes that it is possible for Dogecoin to reach a price of $10, although this is seen as a long-term goal that may take several years to achieve.
Currently, DOGE is trading at $0.1252, up 8.21% in the past 24 hours. In addition, its trading volume has surged by 97.71%, indicating an increase in investor interest. The upcoming US elections may also drive this activity.
Dogecoin’s fundamentals appear strong, supported by heavy trading and steady gains. Over the past week, Dogecoin has gained 14.66%, breaking through key technical resistance levels, including a breakout in its relative strength index (RSI).
DOGE has recently broken out of a double bottom pattern and found support at $0.112. With a close above $0.118, the price could rise by another 20% and could reach $0.135. The RSI indicates that DOGE is in the oversold territory, which could signal an imminent recovery.
2. EVEN
Celo is a decentralized platform designed to support crypto indices and actively managed funds running on the Solana blockchain. It uses the Celo Engine to provide a range of services including on-chain funds, indices, and multi-token liquidity pools. In addition, it supports liquidity routing between indices and decentralized exchange (DEX) aggregators, making it a versatile tool in the DeFi space.
Celo also provides a public API that allows other DeFi projects to easily integrate its products. Fund managers can create and manage funds composed of multiple tokens, which can be reweighted, rebalanced, or filtered according to custom rules. Users can also build their own actively managed funds or indices and trade funds created by others.
Celo has been performing well in the market recently, reaching a 24-hour high of $0.8736 after falling to a low of $0.7661. As of the time of writing, its price is $0.8097, up 2.82%. The rise in value indicates an increase in buying interest and a positive shift in market sentiment.
Celo is currently trading 54.72% above its 200-day simple moving average (SMA) of $0.524995 and has recorded 21 green trading days in the past 30 days, showing a 70% positive trend. As of October 16, 2024, technical indicators show a favorable outlook.
3.SCR
Yesterday, Scroll’s SCR token price rose 10% after the company announced a new partnership with Cysic Network. The partnership focuses on improving transaction efficiency and security on the Ethereum blockchain using Cysic’s advanced zero-knowledge (ZK) computing technology.
Thanks to the integration of Cysic’s GPU servers, the time required for ZK proofs has been significantly reduced from hours to minutes. This upgrade is expected to greatly improve the speed and security of transactions on the Scroll network.
Currently, Scroll (SCR) is trading at $1.36, up 9.39%. Its market cap has grown to $257.67 million, with a trading volume of $10.05 million, up 19.51%. Of the 1 billion SCR tokens, 190 million are already in circulation.
4.NEAR
NEAR Protocol is a decentralized platform that helps developers build applications efficiently. It solves scalability and performance issues common in traditional centralized systems. A key feature of NEAR is the use of Nightshade sharding. This process breaks the data into smaller parts, allowing the network to process many transactions simultaneously. This significantly improves efficiency, especially as more users join the network.
Additionally, NEAR offers Aurora, a layer 2 solution that speeds up transactions and reduces costs, making it more attractive to users. At press time, the price of NEAR Protocol is $4.99, up 2.45% over the past week. Over the past month, the price has increased by 25.70%.
The overall market sentiment around the NEAR token is positive, with the Fear & Greed Index at 73, indicating that investors are optimistic. NEAR is trading above its 200-day simple moving average, which suggests long-term growth potential. The price has risen for 17 of the past 30 days, showing a stable performance. The token also has strong liquidity due to its market capitalization, which supports trading activity.
According to Coincodex, NEAR Protocol is expected to rise by 38.15% and could reach $6.88 by November. Meanwhile, NEAR Protocol is a promising project in the blockchain space, making it one of the best cryptocurrencies to invest in right now.
