1. HIM
Uniswap is a decentralized trading protocol built on the Ethereum blockchain that provides non-custodial trading of ERC-20 tokens. The native token of multi-chain DEX Uniswap (UNI) is another cryptocurrency that has performed well since the SEC’s about-face on Ethereum ETFs.
Uniswap was recently hit with a Wells Notice from the agency. Its outperformance may be related to hopes that the SEC will take a softer stance toward them than initially feared after Ethereum’s U-turn.
Regardless, UNI is moving fast and hard.
The token was last seen trading at $9.65, up 25% in two days. A breakout above resistance on either side of the $10 level could open the door for further gains. In fact, UNI could soon retest yearly highs around $17, making it perhaps the best cryptocurrency to buy right now.
2. IOTA
IOTA is a new type of digital cryptocurrency that focuses on solving machine-to-machine (M2M) transaction problems. It builds a blueprint for the future machine economy by realizing fee-free payments between machines. IOTA provides efficient, secure, lightweight, real-time microtransactions and does not incur transaction fees. It is an open source, decentralized digital cryptocurrency designed specifically for the Internet of Things. It is real-time microtransactions and can be expanded easily and conveniently. IOTA goes beyond blockchain technology. It is the first non-blockchain technology-based cryptocurrency used for the entire ecosystem.
Last week, the IOTA Foundation announced the launch of the IOTA 2.0 testnet, but the lack of participation appears to be continuing. Although the event was widely reported within the community, it did not provide a significant boost to the price of its token.
A key culprit for the sharp rise in altcoins, including IOTA, is the ongoing reports surrounding the potential approval of a spot Ethereum ETF in the United States. The recent development has turned the negative sentiment into a positive one following its confirmation. In the past 24 hours, the price of IOTA has jumped from $0.2149 to $0.2373. This means that its value has risen by more than 10%.
3. LINK
Next up is Chainlink (LINK). Essentially, Chainlink will bring data sources to blockchain applications, which makes it an important part of the DeFi ecosystem. This DeFi coin has been making headlines recently. Notably, Chainlink announced a partnership with DTCC to increase the tokenization of traditional financial funds.
This news from Chainlink could spark a rally in the cryptocurrency, which has surged more than 150% so far this year. Moreover, more than 20 technical indicators are in the buy zone for the Chainlink cryptocurrency. Therefore, it is expected that the price of Chainlink could surge to $23 by the second quarter of 2024.
4. BABY
Pepe (PEPE) has shown a significant uptrend over the past six months, with an impressive price increase of 813.57%. The nearest resistance level is $0.000016, while the support level is $0.00000638. The one-week price change shows an increase of 28.47%, while the one-month price change shows a surge of 85.32%.
Indicators show that the market is in a bullish phase, with the RSI at 55.43, suggesting that the uptrend is likely to continue. The Stochastics at 76.24 reinforces this expectation. The MACD level is zero, indicating that the price is neither overbought nor oversold, suggesting that the current price action is impulsive rather than corrective.
Currently, Pepe is $10 billion behind SHIB and $19 billion behind the first place. Despite the large difference, PEPE's market value has risen by 33% in the last day, indicating that it has the potential to continue to grow.
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