April 25 Best cryptocurrencies to invest in now – dogwifhat, EOS, KuCoin Token

adminApril 25, 2024

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Investors search for: Best Cryptocurrencies to Buy NowInsideBitcoins regularly composes lists of recommended options for investors.

Investors search the cryptocurrency market for tokens with high investment potential. Insidebitcoins curates a daily list of top performing tokens with promising prospects. This article identifies the best cryptocurrencies worth considering investing in, and provides valuable insight into noteworthy assets, emerging trends, and key factors to consider when deciding on an investment strategy.

The best cryptocurrencies to invest in right now

EOS gained attention in the cryptocurrency space with the launch of EOS Wrapped RAM (WRAM). Meanwhile, 99BTC has attracted significant investor attention and has amassed over $798,830.94 in funds. Over the past month, WIF has experienced a notable surge of nearly 34%, including a significant increase of 36% in the past week alone.

1. EOS

Since its inception, EOS has garnered significant attention within the cryptocurrency community due to its strong foundation and dedicated user base. The platform recently made waves in the cryptocurrency market with the introduction of EOS Wrapped RAM (WRAM).

This groundbreaking innovation will revolutionize the tradability of EOS RAM, an often overlooked but important asset within the blockchain ecosystem. This innovation is a significant leap forward in tokenizing random access memory (RAM) at the system level. This gives users greater accessibility, flexibility, and control across the EOS network.

EOS price chart

WRAM allows you to trade RAM resources on major exchanges, increasing market visibility through platforms such as CoinMarketCap and CoinGecko. It also expands the horizons of blockchain resource management. These developments are consistent with EOS’ market performance. The current value is $0.8639, reflecting a minor intraday surge of 0.19%.

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— EOS Network Foundation (@EOSNetworkFDN) April 17, 2024

Moreover, trading above the 200-day simple moving average indicates stability and potential for further growth. This is supported by high liquidity based on market capitalization. Analysts predict that the coin price could surpass $3.52 by 2024 if EOS announces collaborations with other networks. In an optimistic scenario for the cryptocurrency market, the average price of EOS is expected to reach around $3.19 by the same year.

2. Dog We Part (WIF)

Recently, dogwifhat (WIF) has been attracting the attention of investors. Over the past month, WIF has surged an impressive nearly 34%, with a whopping 36% increase in the past week alone. This upward trajectory suggests a bullish trend even as the broader market struggles.

Currently occupying the position of the third most valuable meme coin, WIF faces stiff competition from PEPE, briefly losing ground before regaining it. The market capitalization between these two competitors indicates an ongoing battle for meme coin supremacy.

WIF price chart

Moreover, with an increase of 20.90% over the past 7 days, WIF outperforms the global cryptocurrency market by up to 2.20% and similar meme cryptocurrencies by about 10.70%. The token has been trading for 15 of the last 30 days and has shown strong momentum with high liquidity based on its market capitalization.

Many factors contribute to WIF’s resilience and growth. Analysts expect the price to rise another 20.30% over the next five days, potentially reaching $3.97. This follows an impressive increase of 854.96% in the last quarter and 70,561.90% year-on-year.

3. KuCoin Token (KCS)

The current price of KuCoin token is $9.90, down 4.33% in the last 24 hours. However, the token experienced a surge of 19.44% over the past week. With a circulating supply of 96 million KCS, the market capitalization of KuCoin tokens totals $950,096,075.

Sentiment surrounding the price prediction for the KuCoin token is currently bearish, with the Fear and Greed Index showing a level of 72, suggesting investor greed. Additionally, KCS is trading 4.13% above its 200-day simple moving average (SMA) of $9.50, indicating a positive trend.

KCS price chart

The relative strength index (RSI) on the 14th was 55.68, suggesting a neutral stance and likely leading to a sideways trend in the short term. Over the past 30 days, KCS has seen positive price action on 17 occasions, representing a 57% positive performance relative to the token sale price.

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These achievements highlight the token’s resilience and future growth potential. Recent price movements of the KuCoin token indicate volatility, with the short-term decline being countered by a significant rally last week.

4. 99 Bitcoin (99BTC)

99Bitcoin To revitalize the ecosystem, we have announced ambitious plans centered around crypto education, introducing the 99Bitcoins token. As explained in the whitepaper, this token is a gateway to premium courses, trading signals, and community channels. The “Learn-to-Earn” pre-sale generated significant investor interest, accumulating over $798,830.94.

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We have now reached an astonishing 463,000,000 $99BTC staked amount! 🚀 #99BTC We are about to surpass 500 million won soon 🙌 🎉
Explore the possibilities today: 👉 https://t.co/9aJ5rE5LY3#99Bitcoin #Cryptocurrency #Bitcoin pic.twitter.com/K0m8J8X6aC
— 99Bitcoins (@99BitcoinsHQ) April 25, 2024

The platform’s ongoing airdrop plan also promises participants the chance to win $99,000 worth of BTC. In particular, 99Bitcoins is leading the integration with BRC-20, a new token standard designed to enable the development of decentralized applications (dApps) and digital assets on the Bitcoin network.

This integration leverages Bitcoin’s powerful security features while exploring new avenues for application development. The price is $0.00102 per token. 99BTC It provides an accessible entry point for those looking to participate in crypto education projects through incentivized learning.

The project currently boasts a significant staked amount of 463,000,000 99BTC and is quickly approaching the 500 million mark. Investors have a limited time of four days until the next price increase.

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5. Ivy (HBAR)

Hedera soared more than 88% yesterday following custodian Archax’s announcement of a collaboration with the HBAR Foundation. The purpose of this collaboration was to facilitate the tokenization of BlackRock ICS U.S. Treasury Money Market Fund (MMF) shares on the Hedera Hashgraph platform.

The scheme caught the attention of investors, with trading activity surging 6494.51% in a short period of time. However, this excitement was briefly short-lived as HBAR’s price plummeted 30% within 24 hours. HBAR’s decline in value may be due to a misunderstanding about BlackRock’s participation in the tokenization project.

HBAR price chart

Initially, there was a belief that BlackRock had approved the Hedera platform for tokenizing funds. A BlackRock spokesperson may have contributed to the subsequent decline in HBAR prices. The company stated that it does not support tokenization platforms. This change in investor perception likely contributed to the decline in HBAR’s value.

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— Ivy (@ivy) April 24, 2024

Additionally, the global cryptocurrency market suffered a recession, with major cryptocurrencies such as Bitcoin and Ethereum falling. These broader market trends may have had a further negative impact on HBAR prices. Despite these challenges, HBAR has shown resilience, with its price rising 39.84% over the past week.

Moreover, looking back at the previous year, HBAR showed significant growth, surging 91.79%. The token is trading above its 200-day simple moving average, which indicates positive performance relative to the token sale price. These price movements highlight both the volatility and long-term growth potential of the Hedera project. Investors should carefully consider these factors when evaluating investment strategies in the cryptocurrency market.