Best Cryptocurrencies to Buy Now on May 10th – Pepe, Helium, Aave

adminMay 11, 2024

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discrimination Best Cryptocurrencies to Invest in Considering that so many tokens are released every day, it will be an ongoing challenge at any given time.

Recent market movements in the cryptocurrency sector indicate a bullish trend. Several altcoins have seen notable gains, sparking expectations of significant returns. This article focuses on specific cryptocurrencies that are likely to experience significant growth, providing insight into the factors driving their potential upside.

Best Cryptocurrencies to Buy Now

In the past day, the price of Helium has surged 8.24%, reaching $4.89 per token. As of the most recent update, AAVE is trading at $90.02, reflecting a 4.44% gain on the day and a notable 6.16% gain over the past week.

Aave Labs also revealed a wide range of future developments, including Aave V4, improvements to the Aave network, and the introduction of a cross-chain liquidity layer. Meanwhile, DICE has amassed more than $800,000 in funding and is approaching its $1 million goal in ongoing fundraising efforts.

1. Helium (HNT)

Helium is a blockchain-based network designed for IoT devices. The main goal is to improve communication between wireless IoT devices. This decentralized platform provides financial incentives to device owners and IoT users with the goal of expanding reach within the IoT ecosystem.

The token has made significant progress recently, experiencing a price surge amid a widespread market downturn. The price has surged 8.24% in the last 24 hours and is currently trading at $4.89. Over the past week, HNT has surged as much as 30%, marking a bullish reversal after a correction phase due to prevailing bearish sentiment.

HNT price chart

Additionally, Helium is trading with a margin of 117.15%, well above its 200-day simple moving average (SMA) of $2.25. This represents strong market performance relative to historical average price trends. One of the recent developments that has contributed to Helium’s visibility is its integration with Ubidots, which currently hosts the Chirpstack LoRaWAN Network Server (LNS).

This integration aims to benefit the energy management and manufacturing sectors by streamlining device connectivity to the helium network. Additionally, Ubidots’ user-friendly platform simplifies operations, ensuring reliable functionality and flexibility for IoT device management within the Helium ecosystem.

2.Abe

Aave allows users to lend and borrow various cryptocurrencies through smart contracts. The protocol allows users to earn interest by lending tokens or taking out loans using their cryptocurrency holdings as collateral. Aave also offers a “flash loan” feature that allows users to borrow without collateral if the loan is repaid within the same transaction block.

Additionally, the platform uses a staking mechanism where users can earn a portion of platform fees by staking AAVE tokens. As of the latest update, AAVE is trading at $90.02, up 4.44% intraday and up 6.16% from last week. Last year, the token saw a significant price surge of 42% and was trading above its 200-day simple moving average.

AAVE price chart

In the last 30 days, AAVE has recorded 16 positive trading days, indicating that the market favors positive momentum. Looking ahead, Aave Labs outlined ambitious plans for upgrades, including Aave V4, the Aave Network, and a cross-chain liquidity layer. Aave V4 will feature a new architecture centered around the Unified Liquidity Layer, designed to enhance liquidity provisioning while maintaining flexibility for future platform enhancements.

It also aims to manage various aspects such as supply/withdrawal limits, interest rates, and assets. Aave’s solid fundamentals and loyal cryptocurrency community point to promising growth ahead. Announcements of collaborations with other networks could push the AAVE coin price above $219.87 by the end of the year.

3. Mega DICE

mega dice It has raised more than $800,000, bringing it closer to $1 million. The main goal of the project is to establish itself as the leading GameFi cryptocurrency on the Solana network, serving both gamblers and DICE token holders on the platform.

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— Mega Dice Casino (@megadice) May 9, 2024

The price of DICE tokens is currently $0.069 per token, and over 12 million DICE have been sold to date. Investors are encouraged to participate in pre-sales before prices potentially rise.

Mega Dice has also launched a referral and earning program that rewards users with a portion of their spending for bringing new participants to the platform. The platform also has an aggressive airdrop strategy, allocating $2.25 million over three “seasons.” Season 1 offers a $750,000 pool to active players who wager $5,000 within 21 days.

Seasons 2 and 3 will expand this, providing an additional $1.5 million for ongoing activities. dice It is listed on the exchange. In addition to airdrops, token holders can also earn rewards by staking their tokens and receiving daily payouts based on casino profits. The project also offers non-fungible tokens (NFTs) and a 25% referral commission for VIP players.

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4. Synthetix (SNX)

Synthetix is a decentralized liquidity provisioning protocol pioneering the creation of synthetic assets (Synths) on Ethereum and Optimism. This protocol allows users to trade synths that reflect real-world assets without owning the real-world assets directly.

We provide low fees based on abundant liquidity to ensure a smooth trading experience. Synthetix is also known for its role as a decentralized exchange (DEX), eliminating the need for third-party intermediaries in synthetic asset trading.

SNX price chart

Users can leverage SNX tokens as collateral for Synth issuance, contributing liquidity to the system and earning rewards through staking and trading fees. As of this writing, the price of SNX is $2.71, up 7.67% intraday.

USDC incentives @Base For Synthetix V3 USDC depositors, the deposit has been increased from $50,000 to $250,000 per month. Additionally, the SNX incentive will remain at 20,000 SNX per week.
Earn:
– 250K USDC/month
– 20,000SNX/share
For more information about USDC LPing (aka staking), check out the following tweet: 👇 pic.twitter.com/rwmtOeQLsJ
— Synthetix ⚔️ (@synthetix_io) May 5, 2024

The project’s market capitalization is $311.52 million, and the 24-hour trading volume is $48.83 million, indicating solid liquidity. Over the past year, the token price has seen a notable price increase of 28%, reflecting growing interest and trust in the platform.

Despite recent positive movements, current sentiment analysis suggests a bearish price outlook. Nonetheless, the Fear & Greed Index is currently at 66, indicating a state of ‘greed’ among investors.

5. Pepper (PEPE)

Pepe’s price has risen 8.21% in the last 24 hours and is currently trading at $0.000008612. This increase in value indicates positive market sentiment towards the token. Notably, the token’s trading price is above its 50-day and 200-day simple moving averages (SMA), suggesting a long-term bullish trend.

Additionally, the token’s RSI is currently at 61, indicating strong buying activity. This indicator has bounced from oversold levels and is approaching the overbought threshold of 70. If this upward momentum continues, it could signal continued investor confidence in the token.

PEPE price chart

Over the past 30 days, PEPE has recorded 19 days of positive price movement, accounting for 63% of the period, a statistic that is indicative of its recent performance. Additionally, the token boasts high liquidity thanks to its market capitalization.

$PEPE It was selected as one of the top components of the new product. @Market Vector Memecoin Index @vaneck_us 🐸🏦💵
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Source: https://t.co/lJgKj0ub9K pic.twitter.com/589EFXT3TS
— Pepe (@pepecoineth) May 8, 2024

Additionally, PEPE’s growing user community continues to provide positive feedback, increasing PEPE’s reputation within the cryptocurrency space. These factors contribute to PEPE being considered a favorable investment option given its potential to deliver noteworthy returns.

Pepe’s recent price performance and technical indicators indicate a positive trend, supported by strong community engagement and liquidity levels. These factors make PEPE one of the best cryptocurrencies you can buy right now.