Bitcoin

5 Best Altcoins to Buy Right Now Sep 25 – Worldcoin, THORChain, Toncoin, Ronin

adminSeptember 26, 2024

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El Salvador has made a significant change in its fiscal approach, with President Nayib Bukele announcing that the country will no longer rely on foreign debt to finance its budget. Since Bukele’s administration began, El Salvador has integrated Bitcoin into its economic system, becoming the first country to officially adopt the cryptocurrency as its legal currency.

Meanwhile, the cryptocurrency analyst is bullish on the Bitcoin weekly chart, highlighting a bullish consolidation pattern that could lead to the next market surge. He also points out several upcoming events that could contribute to driving this potential uptrend in the market. Therefore, investors should be cautious about buying cheap tokens, especially Best Cheap Cryptocurrencies to Buy for Under $1 Right Now.

5 Best Altcoins to Buy Right Now

Worldcoin (WLD) has experienced steady growth, with three consecutive days of increases after expanding its services to new countries. ThorChain, a decentralized cross-chain protocol, has recently gained attention for its integration with the LI.FI ecosystem. The rising value of the Telegram Open Network (TON) native token has also attracted attention, especially given the regulatory challenges Telegram is currently facing.

Ronin, an Ethereum Virtual Machine (EVM) blockchain built for gaming by Sky Mavis, the developer of the popular Web3 game Axie Infinity, is also gaining traction. Meanwhile, the Mega Dice token (DICE) is expected to be listed on Solana’s Raydium DEX on September 30. PayPal is also expanding its services to allow merchants to Buy and sell cryptocurrency.

1. World Coin (WLD)

WorldCoin (WLD) has continued to grow, rising for the third straight day after expanding its services to additional countries. The token recently tested the $2 resistance level, marking its highest level since early August and up 54% from its low that month.

Developers have introduced World ID to new territories including Guatemala, Malaysia, and Poland, and have added to its presence in countries like Argentina, Chile, Austria, Mexico, and the United States. This expansion has resulted in over 6.7 million World ID verifications, with 155,000 new accounts registered in the past week.

WLD Price Chart

Additionally, wallet activity has surged, with total wallet transactions reaching 142 million and daily transactions approaching 400,000. Worldcoin is currently priced at $2.06, up 10.48% over the last 24 hours and up 21% over the last year.

Technical indicators remain positive, with 19 of the major indicators indicating bullish momentum. This growth, along with the notable price gains of 16 out of the last 30 days, indicate potential strength for the token. However, as always, price trends should be closely monitored.

2. Thor Chain (Rune)

ThorChain, a decentralized cross-chain protocol, has recently gained attention after being integrated into LI.FI’s ecosystem. Announced on August 14, the integration enables native Bitcoin swaps via ThorChain and improves Bitcoin transfers on the Ethereum Virtual Machine (EVM) chain. Powered by SwapKit, the collaboration also streamlines the process of exchanging Bitcoin for other cryptocurrencies within these networks.

RUNE price chart

Additionally, this development seeks to expand Bitcoin’s accessibility and support its use in decentralized finance (DeFi) applications. LI.FI emphasized that this new feature specifically addresses the issues EVM users face when trying to purchase Bitcoin. Now, they can seamlessly purchase Bitcoin or exchange it for other assets using their preferred wallet. Additionally, ThorChain has been added to LI.FI’s supported bridges, providing users with competitive rates for token swaps and cross-chain trading.

ThorChain previously shut down operations due to security concerns, but its token, RUNE, has performed well since its resumption. RUNE is trading at $5.12, up 1.30% in the last 24 hours and up 20.81% in the last month. It has outperformed major cryptocurrencies like Bitcoin and Ethereum over the past year, posting a price increase of 194%. It is also trading at a price 74.56% above its 200-day simple moving average.

3. TON Coin (TON)

The recent surge in value of the Telegram Open Network (TON) native token has garnered attention, especially given the regulatory challenges Telegram currently faces. Despite these pressures, TON’s price has risen 6%, reflecting the cryptocurrency’s resilience in uncertain times.

TON Price Chart

Telegram and its CEO Pavel Durov have been in the media spotlight due to legal disputes and regulatory oversight. One major issue stems from the misuse of Telegram’s search function, which some users have exploited for illegal activities such as selling illegal goods. In response, Durov has announced updates to the platform’s moderation policy via his personal Telegram channel.

Despite these challenges, TON has seen remarkable growth. The token recently saw a 6.37% increase in market cap over the past 24 hours, and a 5.17% increase over the past week. TON is currently trading at $5.77, up 0.90% over the past 24 hours.

4. Ronin

Ronin is a gaming-focused Ethereum Virtual Machine (EVM) blockchain developed by Sky Mavis, creator of the popular Web3 game Axie Infinity. With Axie Infinity alone generating over $1.3 billion in revenue, Ronin has demonstrated its ability to support a single game with millions of daily active users. It has also demonstrated its ability to scale efficiently, having processed over $4 billion in NFT transactions.

RON Price Chart

Ronin’s key strengths are near-instant transaction processing and minimal fees, enabling seamless in-game transactions for Web3 games. In its first nine months, the blockchain has attracted 250,000 unique daily active addresses and has amassed $5 billion in total locked value (TVL). It has also recorded over 2 million wallet downloads and processes 15% of all NFT transactions on the market. Katana, a decentralized exchange (DEX), is the second most used DEX by weekly active users and allows token swaps within the Axie Infinity ecosystem.

Ronin’s performance, especially its scalability for gaming and its ability to drive high transaction volumes, makes it an excellent choice for Web3 projects, especially in the gaming sector. However, its future performance will depend on continued development and adoption in the evolving blockchain space.

5. Mega Dice ($DICE)

Mega Dice The token (DICE) is generating excitement ahead of its exchange debut on Solana’s Raydium DEX on September 30th. The token launch comes amid growing interest in the GambleFi sector, with DICE seen as a potential high-growth asset. Pre-sale investors can claim their tokens on the project’s website by linking their wallets on the listing date.

The token pre-sale has already raised nearly $2 million, attracting interest from both retail and institutional investors. The DICE token is currently priced at $0.116056, giving investors the opportunity to participate in the pre-sale at a low price. Some analysts have pointed to DICE as a standout in the GameFi ecosystem, citing its potential for exponential growth. The pre-sale attracted significant investment, including many contributions from high-net-worth individuals.

The increased interest in Mega Dice is consistent with a broader trend in the GambleFi space, with established platforms like Rollbit also seeing new inflows. Rollbit, a major player in the crypto casino market, currently has a market cap of over $200 million, highlighting it as a potential long-term beneficiary, indicating broader confidence in the crypto casino model.

One of the hallmarks of Mega Dice is its focus on transparency and regulatory compliance. It is the first fully licensed Telegram casino to hold a gaming license in Curaçao and undergoes regular security audits to ensure operational integrity.

Currently, Rollbit has a strong position in the market, Mega DiceThe low market cap allows it to offer investors a higher upside potential. As it continues to release new features and gain a foothold in the market, the future of the DICE token remains a matter of interest to many in the crypto space.

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adminSeptember 26, 2024

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