Best Cryptocurrencies to Invest in Right Now May 4 – Uniswap, dogwifhat, Fetch.ai

adminMay 5, 2024

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Investors are constantly looking for the most promising coins to add to their portfolios. In this article, we take a look at some high-potential choices. cryptocurrency Arouse market interest.

The cryptocurrency market appears to be recovering from a lull, with the Bitcoin spot ETF recording its first weekly inflow and Bitcoin rebounding past the 60,000 mark. Bitcoin’s current favorable outlook has trickled down to altcoins as well, as the underlying ecosystem was seen up more than 30% in the last intraday session.

This trend is reflected in the green numbers shown by overall cryptocurrency market capitalization and trading volume. On this note, market participants are looking for the best cryptocurrency to capitalize on ongoing trends.

The best cryptocurrency to invest in right now

Uniswap has experienced significant growth, with DEX trading volume surging from $4 billion to over $30 billion in 2022. Moreover, WIF price shows a strong bullish trend on the 4-hour chart, showing no apparent resistance levels.

Last week, Fetch.ai fluctuated within a weekly trading range of $1.90 to $2.54, providing investors with an attractive opportunity. Meanwhile, according to a report from the U.S. Bureau of Labor Statistics last Friday: trading sessionMajor U.S. stock markets soared, signaling a slowdown in employment growth in April.

1. Uniswap (UNI)

Uniswap has seen significant growth in its layer 2 operations, with DEX trading volume surging from $4 billion to over $30 billion in 2022. This increase means that user adoption is increasing. At the time of this writing, UNI is valued at $7.53, showing a strong 6.78% increase over the past 24 hours.

This upward price trend, trading above the 200-day simple moving average, demonstrates the bullish sentiment surrounding the token. The UNI token has also proven its resilience in the market, experiencing 15 positive trading days out of the last 30 days.

UNI price chart

Moreover, new addresses increased by 140% over the past year, reaching 7.26 million, from 3.03 million in May 2023. Uniswap’s project is further strengthened by its high liquidity, which proves its market capitalization. To improve user experience, Uniswap recently partnered with Robinhood. This strategic partnership will allow users to purchase cryptocurrency directly using their Robinhood account balance through Uniswap’s mobile app.

We’re working with Robinhood to make buying cryptocurrency easier 🙌
You can now purchase cryptocurrency with a debit card, bank transfer, or directly from your Robinhood balance on the Uniswap mobile app.
Robinhood will send users $10 USDC 👇 pic.twitter.com/nYAn9faJUR
— Uniswap Labs 🦄 (@Uniswap) May 3, 2024

This integration simplifies the purchasing process and expands access to digital assets, allowing users to use bank transfers or debit cards for transactions. Analysts estimate that if the bullish market trend continues, UNI’s price could reach as high as $18.62 by the end of 2024, with an average annual trading price of $17.73.

2. CAS

Kaspa is a proof-of-work (PoW) cryptocurrency that implements the innovative GHOSTDAG protocol, which is different from existing blockchains. This allows parallel blocks to coexist and be ordered through consensus. This unique approach supports high blocking rates while maintaining security.

Kaspa currently operates a mainnet at 1 block per second, providing rapid transaction confirmation. The token’s market price is $0.11 and its market capitalization is $2.6 billion. It rose 8.02% intraday, indicating market activity, but sentiment analysis indicated a bearish outlook.

KAS price chart

However, the Fear and Greed Index is 67 (Greed), reflecting positive market sentiment. Additionally, KAS ranks 6th among proof-of-work coins and 24th in the layer 1 category. Notably, Kaspa’s price has surged 324% over the past year, outperforming 86% of the top 100 cryptocurrency assets.

It’s great to see more adoption and capabilities. #pocket A community that’s not just about saving $what In ~ @Tangem I have a wallet, but buy it together. $what! #KaspaAcceptedhere #Common currency https://t.co/ra73fGm5OR
— Case(@CurrencyCurrency) April 23, 2024

Kaspa is currently trading above its 200-day simple moving average, suggesting a bullish mood. Due to its significant market capitalization, Kaspa remains attractive to traders and investors with its high liquidity levels.

3. SMOG

smog It is currently worth $0.07 per token and there has been a noticeable increase in trading activity over the last 24 hours. During this period, prices soared 5.91%, up 1.56% last week.

The project launched its second airdrop season on April 4. This ongoing campaign will evaluate the on-chain participation of SMOG holders following the token launch. Participants will also receive rewards for completing community challenges through Zealy’s second season questboard.

Investors are encouraged to consider SMOG trading to optimize XP gains and participate in challenges hosted by Zealy to earn rewards. Moreover, SMOG’s recent performance reflects positive market sentiment.

This is underpinned by an innovative approach to incentivizing token holders and fostering community engagement through airdrops. This strategy aims to strengthen user engagement and reward active contributors. smog ecosystem.

Visit the Smog website

4. Dog We Part (WIF)

Currently, WIF price is showing a strong bullish trend with no apparent resistance on the 4-hour chart. This positive momentum suggests that the bears may struggle to halt the upward trajectory. Despite widespread cryptocurrency market fluctuations, WIF has garnered significant attention and remains bullish.

Over the past few days, the price of WIF has continued to surge, showing its resilience even during temporary dips in other cryptocurrencies. As of this writing, the price of dogwifhat is $3.39, up a notable 21.71% over the last 24 hours. WIF shows potential for steady growth based on its stable performance history.

WIF price chart

Moreover, WIF is currently trading close to its cycle peak and benefits from significant liquidity reflected in its market capitalization. The optimism surrounding WIF’s future prospects is recognizable, with some forecasts suggesting that WIF could reach $5 by the end of 2024.

Moreover, investor confidence in the direction of the cryptocurrency market could further fuel interest in coins like WIF. However, WIF’s past performance and ongoing development efforts make it a potentially promising investment choice.

dogwifhat’s recent price performance highlights its appeal, especially in the meme coin sector. With bullish momentum and investor confidence, WIF is the best cryptocurrency to buy right now.

5. Fetch.ai (FET)

Fetch.ai has recently seen positive price action, hinting at a potential bullish trend in the market. Fetch.ai’s 12-hour chart shows a pattern similar to a bullish flag, suggesting that an upward move towards $5.60 per token is possible. This observation is supported by the coin’s current daily transaction growth of 7.82%, reflecting strong market sentiment favoring further price rises.

Over the past week, Fetch.ai has presented investors with a lucrative opportunity. After overcoming a price correction following a violation of the $3.00 resistance level, the value of the token rose by over 26%. The token has been trading within a weekly range of $1.90 to $2.54 and reached an all-time high of $3.45 a few days ago.

FET price chart

Fetch.ai recently integrated Meta’s LLama 3-8B model into its ecosystem. This integration supports Fetch.ai’s mission to develop sophisticated AI applications leveraging the latest advances in language understanding and inference provided by LLama 3.

Integrated Llama 3-8B from Meta 🚀
LLama 3’s latest advances in language understanding and reasoning are perfectly suited to the agents’ needs. #AI Apply at https://t.co/kJ9URVpOul
Learn more about the integration here: https://t.co/2Ua6EdhKfy #LLaMA3 pic.twitter.com/oIRognq51f
— Fetch.ai (@Fetch_ai) May 3, 2024

Investor expectations are at an all-time high for Fetch.ai’s AI token project in collaboration with SingularityNET and Open Protocol. This partnership is eagerly anticipated to increase the value and visibility of FET tokens within the market, potentially leading to increased demand and optimistic market sentiment.